Reducing interest on debt, increasing bank capital… innovation in Paris

The world today faces a number of vulnerabilities. They range from climate change, which manifests itself in drought, floods, cyclones, hurricanes and typhoons, to the Covid-19 pandemic and wars, including the one that has been raging between Russia and Ukraine since 2022. Innovative sources of funding are therefore becoming necessary to meet ever-growing needs. The Summit for a "New Global Financial Deal", which came to a close on 23 June 2023 in Paris, France, enabled leaders from around the world to suggest innovations in terms of instruments and financing, including reducing the interest rate on debt, increasing the paid-in capital of banks and reforming the system of financial institutions.