Global Leaders Discuss New Financial Architecture and Climate Finance at Paris Summit

Kenyan President William Ruto called for a new global financial architecture at the New Global Financial Pact Summit in France, emphasizing the need for a financial transaction tax at a global level and an organization of equals where all nations had a say commensurate with their contributions. South African President Cyril Ramaphosa echoed Ruto's call for equal treatment and raised concerns about unfulfilled promises, particularly about Africa's vaccine manufacturing initiative. The two-day summit emphasized the urgent need for a new global financial architecture and equitable treatment of all nations.