KENYA PRESIDENT RUTO’S CALL FOR A NEW GREEN GLOBAL BANK

The Bridgetown Initiative, spearheaded by Barbados Prime Minister Mia Mottley has been essential in pointing out the shortfalls of the current international financial system in dealing with the consequences of climate change. The Prime Minister has been advocating for the world’s most vulnerable countries in the face of a debt crisis caused by the developed world’s carbon footprint and the Covid pandemic.

In June, President Macron of France along co-host PM Mottley convened a summit in Paris of world leaders to build on the Bridgetown Initiative by examining ways the world’s financial system could be made more equitable, effective, and resilient to face society’s numerous challenges.