French President Emmanuel Macron is seeking to build a consensus around overhauling the global financial order. Photo: Emmanuel DUNAND / POOL/AFPSource: AFPA global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises. With trust in short supply over broken climate financing promises from richer countries, developing nations are looking for tangible progress. Barbados has put forward a detailed plan for how to fix the global financial system to help developing countries invest in clean energy and boost resilience to climate impacts. Turning 'billions to trillions'But much more is needed to help developing countries combat climate change.

Source: Daily Nation June 23, 2023 01:50 UTC