French President Emmanuel Macron is hosting the Summit for a New Global Financial Pact in Paris this week, which aims to strike a new post-World War II pact between high-income nations and those most at risk from climate change and crippling debt.

However, with key players not attending, including U.K. Prime Minister Rishi Sunak, U.S. President Joe Biden, and Indian Prime Minister Narendra Modi, serious doubts remain over whether the decisions made during the summit will translate into meaningful action. There are also major disagreements between French organizers and participants over reforming international institutions, including multilateral development banks.

For this special episode, I talk to Devex Brussels Correspondent Vince Chadwick, who is connecting from the French capital, to get an insider perspective on the discussions happening at the summit.

The conversation also touches on Vince’s interview with Peter Sands, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria, who argues that innovative financial instruments and private sector mobilization should not be a “proxy” for giving money to help the world’s poorest.

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