So were UN Secretary-General António Guterres and the heads of the European Union and all major international development banks. Barbados Prime Minister Mia Mottley, who co-chaired the summit with Macron, also applauded the summit outcome. 'Nine months ago, nobody was speaking about natural disaster clauses ... [or] multilateral development bank reform at scale ... [and] we were not prepared to discuss issues of debt.' The summit agreed to 'cooperate to boost the investment for a list of major infrastructure projects in Africa.' Economist Jeffrey Sachs complained that the summit had not agreed on new money for multilateral development banks to use for development.

Source: The North Africa Journal July 08, 2023 12:28 UTC