By John Irish and Leigh Thomas, Reuters
June 23, 20237:15 PM GMT+7 Updated 15 days ago
- World leaders and global organisations meet in Paris
- Agreement for development banks to boost lending
- Rich nations close in on $100 bln climate finance pledge
- U.S., China adopt conciliatory tone on debt relief
PARIS, June 23 (Reuters) – Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world leaders said on Friday.
The leaders, gathered at a summit in Paris to thrash out funding for the climate transition and post-COVID debt burdens of poor countries, said their plans would secure billions of dollars of matching investment from the private sector.
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