Saturday, July 13, 2024
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Paris finance summit must deliver urgent assistance to states struggling with debt and climate crises

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World leaders attending a summit in Paris tomorrow must ensure that wealthier nations commit to comprehensive debt relief for lower-income nations, including the cancellation of loans and to the scaling up of international assistance to vulnerable states, Amnesty International said today.
Amnesty International is calling on the Summit for a New Global Financing Pact (PACT) to ensure wealthier nations honour previous financial pledges they have failed to meet and adopt new ones which guarantee the rights of people in lower-income countries.
The rights to an adequate standard of living and to social security are enshrined in the 1948 Universal Declaration of Human Rights, as well as the International Covenant on Economic, Social and Cultural Rights, which has been ratified by more than 170 countries. Article 2 of the ICESCR obliges states to take steps, including through international cooperation and assistance, to support other states to meet their economic and social rights obligations.

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