During a live appearance on FRANCE 24, French president Emmanuel Macron emphasised the need for global cooperation and "mobilisation" in implementing international taxes to support climate action and poverty alleviation, reports FRANCE 24.
Speaking from the Summit for a New Global Financing Pact, which he hosted in Paris, Macron urged assistance in identifying countries that currently lack financial transaction taxes (FTT) and taxes on airline tickets. Additionally, he called for support in rallying international taxation efforts at the International Maritime Organisation in July, highlighting the ineffectiveness of unilateral taxation.
Macron also stressed the importance of cooperating with China on international debt restructuring efforts, since Beijing has become a major international creditor in recent years, particularly in Africa.
The French leader admitted that Chinese debt can become a trap "if if gets beyond a certain threshold". He highlighted the importance of producing a plan in adherence with OECD practices for financial bailouts and lending.
When discussing the challenge of the green transition, Macron underscored the importance of not only saving the planet but also reconciling efforts to combat poverty. He stressed the need for greater mobilisation of private funding.
Regarding Senegal, the French president expressed an intention to facilitate the country's exploitation of its gas projects and boost its renewable energy development.