Agathe Demarais
When around 50 country leaders gather in Paris on Thursday and Friday for the Summit for a New Global Financing Pact, the main question on their agenda is a familiar one: how to tackle climate change and global poverty. Yet the summit is less conventional than it first appears: France and Barbados, the event’s co-organizers, seek to advance these goals through new rules for restructuring developing countries’ debt, a prerequisite for giving them more fiscal space to help their populations. This focus is unusual, and it shows that aid is becoming the next battleground in the competition for global influence between China and the West.
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