Paris pact for people and the planet

4P : 4P principles

1 No country should have to choose between fighting poverty and saving the planet.

2Every country adopts its own transition strategy, taking into account its needs and its constraints when it comes to achieving the Paris Agreement targets. We shall be strengthening our partnerships to support these national trajectories.


3 We need a financial boost and more resources to assist vulnerable economies in helping their populations out of poverty, while protecting the planet.

4 The international financial system must be more efficient, and the role of private capital is key. Our ability to overcome global challenges will fundamentally depend on increasing private capital flows to transform emerging and developing economies, reach a net zero world which respects the environment, and reduce inequalities more effectively.




4P special envoy

« The 4P offers an historic opportunity for the international community to work together in a consensual approach to meet the challenges of development, with equity and inclusion, including through the reform of the international financial architecture, while protecting our planet. »


— MACKY SALL , FORMER PRESIDENT OF THE REPUBLIC OF SENEGAL SPECIAL ENVOY FOR THE 4P


Secrétariat 4P

Piera Tortora

Head of the 4P Secretariat

    The establishment of a permanent 4P Secretariat is key to keep the momentum high and support stakeholders’ mobilization through dedicated resources and a more structured platform.

  • The 4P Secretariat acts as a connector across 4P countries, partners and coalition leads to facilitate the definition of the strategic orientation of the 4P and the creation and progress of initiatives.
  • It facilitates information and knowledge sharing across all stakeholders
  • It provides visibility to the achievements of the 4P and promotes the activities of 4P countries.
  • The 4P Secretariat will bring together the voice of the 4P community to all relevant international events


LIST OF SUPPORTING COUNTRIES

Argentina

Bangladesh

Barbados

Benin

Botswana

Burundi

Cabo Verde

Cameroon

Canada

Chad

Chile

Colombia

Comoros

Congo

Côte d'Ivoire

Croatia

Cyprus

Denmark

Egypt

Ethiopia

France

Gabon

Gambia

Germany

Ghana

Greece

Guatemala

Guinea

Guinea Bissau

Haiti

India

Indonesia

Ireland

Jamaica

Jordan

Kenya

Madagascar

Malawi

Marshall Islands

Mauritania

Moldova

Mongolia

Morocco

Niger

Nigeria

Norway

Palau

Papua New Guinea

Portugal

Romania

Rwanda

Senegal

Slovenia

South Africa

Spain

Sri Lanka

Tanzania

Thailand

the Seychelles

Timor Leste

Togo

Tunisia

United Kingdom

Uruguay

Vanuatu

Vietnam

Zambia

In a nutshell, joining the 4P community involves: - Participating in meetings of the 4P implementation committee and sharing views with other members on the best strategies to promote the agenda for a better and more efficient international financial architecture - Contributing, on a voluntary basis, to coalitions and proposing new ones. Supporting, on a voluntary basis, the 4P Secretariat It does not necessitate endorsing any specific text, nor committing to any specific action beyond those just stated above.

4P COALITIONS

A follow-up committee has been set up to keep the 4P principles alive in the coming months and stay on course for ambitious progress. Bringing together the main partners, it is in charge of progress reporting on the new financing Pact. It also continues to call upon leaders for ambitious measures that are in line with the urgency and the needs in question.


The 4P helps provide a consolidated overview of the different coalitions, led by leading countries, and supports other reforms and initiatives of the 4P community.



Events

4P participation to :

April 2024

  • 18 April : Spring meetings, IMF, World Bank – Washington DC : 4P Ministerial level event
  • 18 April - Atlantic Council - Washington DC : high-level roundtable with civil society and researchers

Mai 2024

  • 13th May : 4P event on private finance mobilization in the margins of Choose France, Paris, France
  • 19th May : World Water Forum and special event for the launch of the Global Blended Finance Alliance. Bali, Indonesia
  • 28th May : 4th International Conference on Small Island Developing States (SIDS-4 Conference) – side event Climate Resilient Debt Clauses: expanding the ambition in 2024

June 2024

  • 17th June - UNESCO MOST Conference. Participation to the conference "Governance for Digital and Climate Transition: What Paradigm?"

July 2024

  • 5-6 July : Rencontres économiques d’Aix en Provence : Macky Sall's intervention at the round table “From North to South, a world in search of balance” (July 2024)
  • 11-12 July : Third meeting of the G20 Task Force CLIMA – Belem, Brazil
  • 15 July : HLPF - Side Event Scaling up debt swaps and outcome-based innovative financing mechanisms for climate, nature and food, NY, US
  • 22-26 July : First prep-com meeting for the FFD4 Summit – UN, Addis Abeba, Ethiopia

Documents




Emmanuel MACRON

Emmanuel Macron est le huitième Président de la Vème République française.

Fondateur du mouvement "En Marche !" , créé le 6 avril 2016, il l'a dirigé jusqu'à sa première victoire à l'élection présidentielle, le 7 mai 2017.

Le 24 avril 2022, Emmanuel Macron est réélu Président de la République.

Né en décembre 1977 à Amiens, dans la Somme, Emmanuel Macron a étudié la philosophie avant d'intégrer l'Ecole Nationale d'Administration (ENA), dont il a été diplômé en 2004.

Emmanuel Macron a alors intégré l'Inspection Générale des Finances (IGF) où il a travaillé quatre ans avant de rejoindre le secteur bancaire.

Il est devenu, en 2012, secrétaire général adjoint de la Présidence de la République. Il a quitté ses fonctions en juillet 2014 avant de devenir ministre de l'Économie, de l'Industrie et du Numérique d'août 2014 à août 2016.

Mia MOTTLEY

The Honourable Mia Amor Mottley, S.C., M.P., became Barbados' eighth and first female Prime Minister on May 25, 2018.

Ms. Mottley was elected to the Parliament of Barbados in September 1994 as part of the new Barbados Labour Party Government.

Prior to that, she served as one of two Opposition Senators between 1991 and 1994. One of the youngest persons ever to be assigned a ministerial portfolio, Ms. Mottley was appointed Minister of Education, Youth Affairs and Culture from 1994 to 2001.

She later served as Attorney General and Deputy Prime Minister of Barbados from 2001 to 2008 and was the first female to hold that position.

Ms. Mottley is an Attorney-at-law with a degree from the London School of Economics, specialising in advocacy. She is also a Barrister of the Bar of England and Wales.

In 2002, she became a member of the Local Privy Council. She was also admitted to the Inner Bar, becoming the youngest ever Queens Counsel in Barbados.

António GUTERRES

António Guterres, le neuvième Secrétaire général de l'Organisation des Nations Unies, a pris ses fonctions le 1er janvier 2017.

Ayant été témoin de la souffrance des êtres humains les plus vulnérables de la planète, des camps de réfugiés aux zones de guerre, le Secrétaire général est résolu à mettre la dignité humaine au cœur de son action. Dans une période de défis mondiaux sans précédent, il s'est appuyé sur son engagement envers la Charte des Nations Unies pour mobiliser le monde et lancer des actions pour répondre à la pandémie de COVID-19, faire face à l'urgence climatique, faire progresser l'égalité des sexes et réaliser des réformes ambitieuses au XXIe siècle pour renforcer les efforts cruciaux entrepris par l'Organisation pour assurer la paix, le développement durable, les droits de l'homme et l'aide humanitaire.

Avant sa nomination, M. Guterres a été Haut-Commissaire des Nations Unies pour les réfugiés de juin 2005 à décembre 2015. Son mandat à la tête de l'un des principaux organismes humanitaires du monde a été marqué par les vagues de déplacement sans précédent de ces dernières décennies. Les conflits en Syrie et en Iraq et les crises qui secouent le Soudan du Sud, la République centrafricaine et le Yémen ont obligé le HCR à multiplier ses activités alors que le nombre de déplacés ayant fui les conflits ou les persécutions passait de 38 millions en 2005 à plus de 60 millions en 2015.

Avant de travailler au HCR, M. Guterres a passé plus d'une vingtaine d'années au service de l'État et dans la fonction publique. Il a été Premier Ministre du Portugal de 1995 à 2002, période au cours de laquelle il a joué un rôle de premier plan dans l'action internationale engagée pour mettre fin à la crise du Timor Leste.

Au début de l'année 2000, en sa qualité de Président du Conseil européen, il a dirigé la procédure d'adoption de la Stratégie de Lisbonne pour la croissance et l'emploi et coprésidé le premier sommet Union européenne-Afrique. De 1991 à 2002, il a été membre du Conseil d'État portugais.

En 1976, M. Guterres a été élu au Parlement portugais, où il a siégé pendant 17 ans. Au cours de cette période, il a présidé la Commission parlementaire de l'économie, des finances et de la planification, puis la Commission parlementaire de l'administration territoriale, des municipalités et de l'environnement. Il a également été chef du groupe parlementaire de son parti.

De 1981 à 1983, M. Guterres a été membre de l'Assemblée parlementaire du Conseil de l'Europe, où il a présidé la Commission des migrations, des réfugiés et de la démographie.

Pendant de nombreuses années, M. Guterres a été un membre actif de l'Internationale socialiste, une alliance mondiale de partis politiques sociodémocrates. Il en a été le vice-président de 1992 à 1999, période à laquelle il a coprésidé le Comité Afrique et, plus tard, le Comité Développement. De 1999 à mi-2005, il a présidé l'Internationale socialiste. Il a en outre fondé le Conseil portugais pour les réfugiés et l'Association de défense des consommateurs portugais DECO et présidé, au début des années 70, le Centro de Acção Social Universitário, une association mettant en place des projets de développement social dans les quartiers pauvres de Lisbonne.

M. Guterres est membre du Club de Madrid, une alliance démocratique réunissant d'anciens chefs d'État et de gouvernement du monde entier.

M. Guterres est né à Lisbonne en 1949. Il est titulaire d'un diplôme d'ingénieur de l'Instituto Superior Técnico. Il parle couramment le portugais, l'anglais, le français et l'espagnol. Il est marié à Catarina de Almeida Vaz Pinto et a deux enfants, un beau-fils et trois petits-enfants.

L'Assemblée générale des Nations Unies adopte par acclamation le 13 octobre 2016 une résolution nommant António Guterres du Portugal au poste de Secrétaire général, pour un mandant de cinq ans, à compter du 1er janvier 2017.

Ursula VON DER LEYEN

President of the European Commission

Charles Michel

Président du conseil Européen

Olaf SCHOLZ

Chancelier fédéral d'Allemagne

Azali ASSOUMANI

AZALI Assoumani est né le 31 décembre 1959 à Mitsoudjé, Grande Comore.

Après l’obtention de son baccalauréat en 1977, il entre à l’Académie militaire royale de Meknès au Maroc, d’où il sort en 1981 avec un Brevet de parachutiste.

De retour aux Comores il gravit les échelons au sein des forces armées comoriennes; de Chef de Section au Centre d’Instruction de Voidjou (1981-1983) à Chef d’Etat-Major de l’Armée Nationale de Développement (1998-1999).

En 1999 Il dirige l’interposition de l’armée pour éviter la guerre civile en pleine crise séparatiste de l’île d’Anjouan.

Devenu Chef de l’Etat, il initie un processus de réconciliation nationale qui par les assises de Fomboni donnera naissance à une nouvelle constitution qu’il fait adopter en 2001. Cette dernière fait passer la République Fédérale Islamique des Comores à l’Union des Comores, en accordant une large autonomie aux îles.

Dans le cadre des élections d’avril 2002, Azali Assoumani démissionne pour briguer la présidence, élections qu’il rapporte avec 75% des voix.

Il devient le premier président de l’Union des Comores de 2002 à 2006. Pendant son mandat, il mène le pays à renouer avec le FMI et la Banque Mondiale, et engage des projets d’envergure tel l’ouverture de l’Université des Comores.

Le 26 Mai 2016, il devient à nouveau Président de l’Union des Comores.

Il exerce également la présidence de l'Union africaine depuis le 18 février 2023, pour une année.

Hakainde HICHILEMA

Président de la République de Zambie

Ranil WICKREMESINGHE

Président de la République démocratique socialiste du Sri Lanka

Macky SALL

Président de la république du Sénégal

William Samoei RUTO

Président de la république du Kenya

Mafalda DUARTE

Executive Director of the GCF & CEO of Climate Investment Funds

Kristalina GEORGIEVA

Kristalina Georgieva a été nommée au poste de directrice générale du FMI le 25 septembre 2019. Elle a pris ses fonctions le 1er octobre 2019.

Avant d'arriver au FMI, Mme Georgieva a été directrice générale de la Banque mondiale de janvier 2017 à septembre 2019, et a assuré pendant trois mois la présidence par intérim du Groupe de la Banque mondiale.

Auparavant, Mme Georgieva a contribué à façonner le programme de travail de l'Union européenne. En tant que vice-présidente de la Commission européenne chargée du budget et des ressources humaines, elle était responsable du budget de 161 milliards d'euros (175 milliards de dollars) de l'Union européenne, ainsi que des 33 000 agents de la Commission. À ce poste, elle a activement participé aux efforts visant à régler la crise de la dette de la zone euro, puis la crise migratoire de 2015. Elle a également été commissaire européenne chargée de la coopération internationale, de l'aide humanitaire et de la réponse aux crises, gérant à ce titre un des plus importants budgets d'aide humanitaire au monde.

Avant son passage à la Commission européenne, Mme Georgieva avait travaillé pendant 17 ans à la Banque mondiale, où elle s'était hissée en 2008 au poste de vice-présidente et secrétaire, assurant ainsi la liaison entre la haute direction, le conseil des administrateurs et les pays actionnaires du Groupe de la Banque mondiale.

Elle avait auparavant occupé d'autres hautes fonctions à la Banque : directrice du développement durable ; directrice pour la Fédération de Russie, à Moscou ; directrice de l'environnement ; et directrice de l'environnement et du développement social pour la région Asie de l'Est et Pacifique. Son arrivée à la Banque mondiale, en tant qu'économiste spécialiste de l'environnement, remontait à 1993.

Mme Georgieva est membre de nombreuses commissions internationales : elle copréside la Global Commission on Adaptation (« commission mondiale sur l'adaptation ») ainsi que le groupe de haut niveau des Nations Unies sur le financement humanitaire. Elle a à son actif plus d'une centaine de publications sur des thématiques environnementales et économiques, dont des manuels de macro et microéconomie.

Née à Sofia (Bulgarie) en 1953, Mme Georgieva est titulaire d'un doctorat en sciences économiques et d'une maîtrise en économie politique et sociologie de l'Université d'économie nationale et mondiale de Sofia, où elle a été professeure agrégée de 1977 à 1993. Au cours de sa carrière académique, elle a été professeure invitée à la London School of Economics et au Massachusetts Institute of Technology.

En 2010, elle a été élue « Européenne de l'année » et « commissaire de l'année » par European Voice pour le leadership dont elle a fait preuve dans l'action humanitaire de l'Union européenne face aux crises.

Ajay BANGA

Le 2 juin 2023, Ajay Banga entamera un mandat de cinq ans en tant que président du Groupe de la Banque mondiale.

Jusqu’à tout récemment, Ajay Banga était vice-président de General Atlantic. Il avait auparavant occupé le poste de président-directeur général de Mastercard, organisation d’envergure mondiale comptant près de 24 000 employés qui, sous sa direction, a établi le Center for Inclusive Growth dans le but de promouvoir une croissance économique équitable et durable et l’inclusion financière dans le monde entier. Il était également président honoraire de la Chambre de commerce internationale, qu’il a dirigée de 2020 à 2022, et membre du Conseil consultatif du fonds d’investissement climatique de General Atlantic, BeyondNetZero, depuis sa création en 2021. Il a aussi été coprésident du Partnership for Central America, coalition d’organisations privées visant à améliorer les perspectives économiques des populations défavorisées d’El Salvador, du Guatemala et du Honduras. Il avait antérieurement siégé aux conseils d’administration de la Croix-Rouge américaine, de Kraft Foods et de Dow Inc.

M. Banga est le cofondateur du Cyber Readiness Institute et a été vice-président de l’Economic Club of New York. Récipiendaire de la médaille de la Foreign Policy Association en 2012, il s’est vu décerner en 2016 la décoration Padma Shri par le président de l’Inde et a reçu plusieurs autres distinctions : Ellis Island Medal of Honor et Global Leadership Award du Business Council for International Understanding en 2019, ainsi que Public Service Star (Distinguished Friends of Singapore) en 2021.

Mathias CORMANN

Mathias Cormann is the 6th Secretary-General of the Organisation for Economic Co-operation and Development (OECD).
His five-year term commenced on 1 June 2021.

Prior to his appointment to the OECD, Mathias served as the Australian Minister for Finance, the Leader of the Government in the Australian Senate and as Federal Senator representing the State of Western Australia.

In these roles, he has been a strong advocate for the positive power of open markets, free trade and the importance of a rules-based international trading system.

Mathias was born and raised in the German-speaking part of Belgium.

He migrated to Australia in 1996, attracted by the great lifestyle and opportunities on offer in Western Australia.
Before migrating to Perth, Mathias had graduated in law at the Flemish Catholic University of Louvain (Leuven), following studies at the University of Namur and, as part of the European Erasmus Student Exchange Program, at the University of East Anglia.

Between 1997 and 2003, he worked as Chief of Staff as well as Senior Adviser to various State and Federal Ministers in Australia and for the Premier of Western Australia.

Between 2003 and 2007, Mathias worked for major Western Australian health insurer HBF in a range of senior management roles.

In 2001, realising a childhood dream, Mathias obtained his private pilot’s licence.

Mathias grew up speaking German and graduated in law following studies in French, Flemish and English.

He is married to Hayley, a Perth lawyer, and they have two young daughters, Isabelle and Charlotte.

Vanessa NAKATE

Climate activist Vanessa Nakate was appointed UNICEF Goodwill Ambassador in 2022. Vanessa began advocating for climate justice in 2019 with a protest on the streets of Kampala, Uganda, inspired by Greta Thunberg. She continued to protest every week, becoming a well-known face in a global movement of young people “striking” for the climate. In 2020, Vanessa rose to further prominence when she was cropped out of a news photo in which she appeared alongside Thunberg and other white climate activists. Her response that the news outlet “didn’t just erase a photo, you erased a continent” made international headlines. Vanessa has since used her platform to advocate for climate justice for every community, especially those most affected by the impacts of climate change. She founded Rise Up Movement to elevate the voices of African climate activists, as well as a project to install solar panels in rural Ugandan schools. Vanessa is also the author of A Bigger Picture, a manifesto on inclusive climate action. In her first trip with UNICEF, Vanessa travelled to Kenya to see firsthand the impacts of water and food insecurity caused by the worst drought in the Horn of Africa in 40 years. There, she met with communities on the frontlines of the climate crisis, including mothers and babies receiving life-saving treatment for severe acute malnutrition and families benefiting from solar-powered water supply systems. Vanessa has addressed world leaders at multiple climate summits and appeared on the cover of TIME magazine in 2021.

Melinda FRENCH GATES

Melinda French Gates is a philanthropist, businesswoman, and global advocate for women and girls. As co-chair of the foundation, she shapes and approves the organization’s strategies and overall direction, reviews results, and works with grantees and partners to further the foundation’s goal of improving equity in the United States and around the world.

Through her work at the foundation over more than two decades, Melinda has seen firsthand that empowering women and girls can transform the health and prosperity of families, communities, and societies. Her work has led her to focus increasingly on gender equity as a lever for change. In 2015, Melinda founded Pivotal Ventures, a company working to accelerate the pace of social progress in the United States.

Melinda is the author of the bestselling book The Moment of Lift, in which she introduces readers to the inspiring women she has met during her work and travels around the world and shares her own journey to becoming an advocate for women and girls.

The second of four children, Melinda grew up in Dallas, Texas. She earned a bachelor’s degree in computer science and economics and an MBA, both from Duke University. She spent the first decade of her career developing multimedia products at Microsoft before leaving the company to focus on her family and philanthropic work.

She has three children—Jenn, Rory, and Phoebe—and lives in Seattle, Washington.

Rajiv SHAH

Dr. Shah serves as President of The Rockefeller Foundation, a global institution with a mission to promote the well-being of humanity around the world. The Foundation applies data, science, and innovation to improve health for women and children, create nutritious and sustainable food systems, end energy poverty for more than a billion people worldwide, and enable meaningful economic mobility in the United States and around the world.

In 2009, he was appointed USAID Administrator by President Obama and unanimously confirmed by the U.S. Senate. Dr. Shah reshaped the $20 billion agency’s operations in more than 70 countries around the world by elevating the role of innovation, creating high-impact public-private partnerships, and focusing U.S. investments to deliver stronger results. Shah secured bipartisan support that included the passage of two significant laws – the Global Food Security Act and the Electrify Africa Act. He led the U.S. response to the Haiti earthquake and the West African Ebola pandemic, served on the National Security Council, and elevated the role of development as part of our nation’s foreign policy. Prior to his appointment at USAID, Shah served as Chief Scientist and Undersecretary for Research, Education, and Economics at the United States Department of Agriculture where he created the National Institute for Food and Agriculture.

In October 2023, Dr. Shah will publish Big Bets: How Large-Scale Change Really Happens with Simon & Schuster’s Simon Element imprint. In the book, Dr. Shah will share a dynamic new model for realizing transformative change, inspired by his own work and that of The Foundation on some of the biggest humanitarian efforts of the 21st century.

He has received several honorary degrees, the Secretary of State’s Distinguished Service Award, and the U.S. Global Leadership Award.

Shah founded Latitude Capital, a private equity firm focused on power and infrastructure projects in Africa and Asia and served as a Distinguished Fellow in Residence at Georgetown University. Previously, he served at the Bill & Melinda Gates Foundation, where he created the International Financing Facility for Immunization which helped reshape the global vaccine industry and save millions of lives.

Raised outside of Detroit, Michigan, Dr. Shah is a graduate of the University of Michigan, the University of Pennsylvania School of Medicine, and the Wharton School of Business. He has received several honorary degrees, the Secretary of State’s Distinguished Service Award, and the U.S. Global Leadership Award. He is married to Shivam Mallick Shah and they have three children.

Mark MALLOCH-BROWN

Mark Malloch-Brown is president of the Open Society Foundations, the world’s largest private funder of independent groups working for justice, democratic governance, and human rights.

He has worked to advance human rights, justice, and development for more than four decades in a variety of roles: with the United Nations, the World Bank, and as a British government minister, as well as with a range of civil society groups and business.

At the United Nations, Malloch-Brown spearheaded the global promotion of the UN Millennium Development Goals as head of the United Nations Development Programme (UNDP) from 1999 to 2005, under the then UN Secretary General, Kofi Annan. At the UNDP, and previously as head of external affairs at the World Bank, Malloch-Brown led reform efforts that were widely seen as increasing the impact of both organizations.

He later served as Kofi Annan’s chief of staff, and then as UN Deputy Secretary General, before joining the British government of Prime Minister Gordon Brown, as minister responsible for Africa and Asia from 2007 to 2009.

Malloch-Brown rejoined Open Society’s Global Board in 2009, reflecting a close friendship with George Soros that developed in the early 1990s when he was working as a political consultant in Latin America and later over relief efforts in Bosnia. In 1995, Soros backed Malloch-Brown and others’ idea of launching the International Crisis Group, an NGO focused on preventing and averting violent conflict, in response to the horrors seen in Rwanda, Somalia, and the former Yugoslavia.

More recently, he chaired Best for Britain, a group that makes the case for Britain’s engagement with the European Union, and has among others led the boards of the Royal Africa Society, the UN Foundation, and the Business Commission for Sustainable Development.

Malloch-Brown was knighted for his contribution to international affairs and is currently on leave from the British House of Lords. Malloch-Brown is a Distinguished Practitioner at Oxford University’s Blavatnik School of Government, an adjunct fellow at Chatham House’s Queen Elizabeth Program, and has been a visiting distinguished fellow at the Yale Center for the Study of Globalization.

Kate HAMPTON

Kate became CEO of the Children’s Investment Fund Foundation in March 2016, having run CIFF’s Climate Change team since 2009.

Kate sits on the board of WeProtect and is chair of the European Climate Foundation. Current advisory roles include to the Observer Research Foundation (India), the China Council for International Cooperation on Environment and Development, the Africa Climate Action Summit (Kenya), and the COP28 Advisory Commitee. She has been featured in the top 100 Profiles of Paris, a collection of stories from the key people who created the Paris Agreement.

Kate’s career spans roles in government, finance, consulting, think tanks and NGOs, including working for Climate Change Capital, where she was Head of Policy.  She has also advised policy makers in several roles, including as Senior Policy Advisor for the United Kingdom’s G8 and EU presidencies in 2005. In 2021 Kate was a Friend of COP26 and advised the UK Presidency of COP26.

In June 2022 Kate was awarded an OBE in The Queen’s Platinum Jubilee Birthday Honours List for services to tackling climate change and supporting the UK Presidency of COP26.

She holds a BSc from the London School of Economics and a Masters in Public Policy from the Harvard Kennedy School.

Kate lives in London with her family.

Le Prince Rahim AGA KHAN

Président du comité éxécutif de la Aga Khan Agency for Microfinance

Mo IBRAHIM

Dr Mo Ibrahim is the Founder and Chair of the Mo Ibrahim Foundation, which he established in 2006 to support good governance and exceptional leadership on the African continent.

Sudanese-born, Dr Ibrahim has a distinguished business career. In 1989 he founded Mobile Systems International (MSI), a world leading cellular consulting and software provider, and in 1998, Celtel International, one of Africa’s leading mobile telephone companies which pioneered mobile services in Africa.

Dr Ibrahim is also Founding Chairman of Satya Capital Limited, a private investment firm primarily focused on Africa.

Dr Ibrahim has received numerous honorary degrees and fellowships from a range of prestigious academic institutions including University of Birmingham, Bradford University, De Montfort University - Leicester, Imperial College - London, London Business School, Oxford University, Royal Academy of Engineering, SOAS - University of London, University of Pennsylvania and Lancaster University.

Dr Ibrahim is also the recipient of a number of awards including The GSM Association’s Chairman’s Award for Lifetime Achievement (2007), The Economist Innovation Award for Social & Economic Innovation (2007), BNP Paribas Prize for Philanthropy (2008), Oslo Business for Peace Award (2009), Raymond Georis Prize for Innovative Philanthropy in Europe (2010), Clinton Global Citizen Award (2010), the Millenium Excellence Award for Actions in Africa (2012), the David Rockefeller Bridging Leadership Award (2012), the Africare Leadership Award (2013), the Kiel Institute Global Economy Prize (June 2013), the Eisenhower Medal for Distinguished Leadership and Service (May 2014), the Foreign Policy Association Medal (June 2014), International Republican Institute (US) Freedom Award (2015), Danish CSR Honor Prize (2015), David Rockefeller Bridging Leadership Award (2017).

Dr Ibrahim is the Co-founder and Co-chair of the Africa Europe Foundation, which was launched in 2020 to reset and bolster Africa-Europe relations.

Mohamed OULD EL-GHAZOUANI

Président de la Mauritanie.

Denis SASSOU NGUESSO

Président de la république du Congo.

Amélie de Montchalin

Amélie de Montchalin is France's Permanent Representative to the OECD. An economist by training, she worked on inflation, the financing of the economy and the management of systemic risks during the eurozone crisis at Exane BNP Paribas and within the management of the AXA Group as Director of Foresight and Public Policy.

She actively contributed to the work on the financing of the ecological transition by private investors in 2015-2016, notably within the Task Force on Climate Financial Disclosure (TCFD) and the European Commission's High Level Expert Group on Sustainable Finance. In 2017, she was elected MP for Essonne.

In March 2019, she joined the French government as Minister for European Affairs, before becoming Minister for the Civil Service in July 2020 and Minister for the Environment in May 2022.

Amar Bhattacharya

Amar Bhattacharya is Senior Fellow at the Global Economy and Development Program at Brookings Institution, Visiting Professor in Practice at the London School of Economics and Co-Lead of the Sustainable Growth and Finance Initiative of the New Climate Economy under the Global Commission on the Economy and Climate.

He co-leads the Independent Expert Group on Climate Finance commissioned by the UN Secretary General.

From April 2007 until September 2014, he was Director of the Group of 24, an intergovernmental group of developing country Finance Ministers and Central Bank Governors.

Prior to taking up his position with the G24, Mr. Bhattacharya had a long-standing career in the World Bank.

Arunabha GHOSH

Dr Arunabha Ghosh is a public policy expert, author and columnist.

He is the founder-CEO of the Council on Energy, Environment and Water (CEEW).

He played a formative role in creating the International Solar Alliance, and was a founding board member of the Clean Energy Access Network.

He previously worked at Princeton, Oxford, UNDP, and WTO.

He currently serves on Government of India’s G20 Finance Track Advisory Group and advises the Sherpa Track for India’s G20 Presidency in 2022-23.

Dr Ghosh is also Vice-Chair of the UN Committee for Development Policy and has been appointed the Co-Chair of the T20 Task Force on climate and energy for G20 Presidencies led by Indonesia in 2022 and India in 2023.

Brad SETSER

Brad Setser, a Senior fellow at the Council for Foreign Relations (CFR), is an American economist and a blogger who writes frequently on debt restructuring and the global balance of payments.

A former staff economist at the United States Department of the Treasury, he worked at Roubini Global Economics Monitor, along with Nouriel Roubini.

He co-authored the book "Bailouts or Bail-ins?" with Roubini.

Mr Setser then became a fellow at the Council of Foreign Relations, where, amongst other things, he was the author of the popular economics blog "Follow the Money" about global economic imbalances.

In 2009, he took a position with the National Economic Council.

In 2011, he moved to the United States Department of the Treasury, where he was the Deputy Assistant Secretary for International Economic Analysis.

Carlos LOPES

Professor Carlos Lopes is a highly accomplished individual with extensive experience in academia, international organizations, and advisory roles.

He currently serves as a Professor at the Nelson Mandela School of Public Governance at the University of Cape Town and Affiliate Professor at Sciences Po in Paris.

Additionally, he is an Associate Fellow at Chatham House in London.

Throughout his career, Professor Lopes has been associated with various high-level boards and commissions that tackle critical global issues.

These include the Global Commission for Economy and Climate, Global Commission for the Future of Work, Global Commission on the Geopolitics of Energy Transformation, and the Commission on Illicit Financial Flows from Africa.

From 2012 to 2016, he served as the UN Under-Secretary General and Executive Secretary of the Economic Commission for Africa.

Prior to that, he worked as the UN Assistant Secretary-General and Political Director for Secretary-General Kofi Annan.

In 2017, Professor Lopes was appointed to the African Union Reform Team led by President Paul Kagame, and in 2018, he assumed the role of African Union High Representative for Partnerships with Europe.

Christian GOLLIER

Christian Gollier is a French economist and the author of several books and articles.

He founded Toulouse School of Economics with Jean Tirole in 2007, and has been its director since 2009 (with a break in 2015-2016).

Christian Gollier's research spans the fields of economics of uncertainty, environmental economics, finance, consumption, insurance and cost-benefit analysis, with a particular interest in long-term sustainable effects.

Christian Gollier is also one of the authors of the 4th and 5th reports of the Intergovernmental Panel on Climate Change (IPCC, 2007 and 2013).

He also regularly advises several governments on their public investment assessment policies.

He is President of EAERE, the European Association of Environmental Economists.

Hafez GHANEM

Hafez Ghanem – who holds a PhD in Economics from the University of California, Davis – is a development expert with a large number of academic publications; and more than forty-year experience in policy analysis, project formulation and supervision, and management of multinational institutions.

He has worked and lived in Africa, Europe and Central Asia, Middle East and North Africa, and Asia.

He is a distinguished fellow at the Paris School of Economics, a Senior Fellow at the Policy Center for the New South in Rabat, a Research Fellow at the Economic Research Forum in Cairo, and a non-Resident Senior Fellow at the Brookings Institution in Washington DC.

Between 2015 and 2022 he was Vice President of the World Bank, initially responsible for the Middle East and North Africa, then for Sub-Saharan Africa and then East and Southern Africa.

In this latter capacity he was responsible for developing and implementing the World Bank’s strategy in the region, including a nearly $20 billion annual lending program and a large volume of analytical work and policy papers.

During 2012-15 he was a Senior Fellow in the Global Economy and Development program of the Brookings Institution.

His research focused on the Arab countries in transition: Egypt, Jordan, Libya, Morocco, Tunisia and Yemen.

During the period 2007-12 he worked at the Food and Agriculture Organization of the United Nations (FAO) as the Assistant Director-General responsible for the Economic and Social Development Department.

This Department, with more than 300 employees from all over the world, is responsible for FAO’s analytical work on agricultural economics and food security, trade and markets, gender and equity, and statistics.

Prior to joining FAO, he spent twenty-four years on the staff of the World Bank where he started as a research economist and then senior economist in West Africa and later South Asia.

In 1995, he moved to Europe and Central Asia where he was Sector Leader for Public Economics and Trade Policy.

In 2000, he returned to Africa as Country Director for Madagascar, Comoros, Mauritius and Seychelles.

Between 2004-7, he was Country Director for Nigeria.

He is fluent in Arabic, English and French, and has intermediate Italian and some knowledge of Russian.

Izabella TEIXEIRA

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Dr. Izabella Teixeira was Brazil’s Minister of the Environment from 2010 to 2016.

From 2008 to 2010, she was the Deputy Minister of the Environment.

By invitation of the UN’s Secretary General, she was a member of the High-Level Panel on Global Sustainability.

She was also a key leader of the 2012 UN’s Rio+20 Conference on Sustainable Development.

After Rio+20 she was again appointed by the UN’s Secretary-General as a member of the High-Level Panel on the Post-2015 Development Agenda.

In 2015, Dr. Teixeira was Head of the Brazilian Delegation on negotiations of the Paris Agreement of the UN Convention on Climate Change.

Today, she is Co-Chair of The International Resource Panel–IRP/UNEP-ONU, Board Member UN DESA, Senior Fellow of Institute Arapyaú, and Trustee for Environment and Climate Change of Brazilian Center for International Relations-CEBRI.

Laurence TUBIANA

Laurence Tubiana is CEO of the European Climate Foundation (ECF) and a Professor at Sciences Po, Paris.

She previously chaired the Board of Governors at the French Development Agency (AFD), as well as the Board at Expertise France (The French public agency for international technical assistance).

Before joining the ECF, Laurence was France’s Climate Change Ambassador and Special Representative for COP21, and as such a key architect of the landmark Paris Agreement.

Following COP21 and through COP22, she was appointed UN High-Level Champion for climate action.

Laurence brings decades of expertise and experience in climate change, energy, agriculture and sustainable development, working across government, think tanks, NGOs and academia.

From 1997 to 2002, she served as Senior Adviser on the Environment to the French Prime Minister Lionel Jospin.

From 2009 to 2010, she created and then led the newly established Directorate for Global Public Goods at the French Ministry of Foreign Affairs (MAE).

In 2013, she chaired the French National Debate on the Energy Transition.

She founded in 2002 and directed until 2014 the Paris-based Institute of Sustainable Development and International Relations (IDDRI).

In the 80’s and early 90’s she founded and then led Solagral, an NGO working on food security and the global environment.

She started her career as a Research Director for the French National Institute for Agricultural Research (INRA).

Throughout the years, Laurence has held several academic positions, including as a Professor and Scientific Director for the International Development and Environmental Studies Master degrees at Sciences Po, Paris; and Professor of International Affairs at Columbia University, New York.

She has been a member of numerous boards and scientific committees, including the Chinese Committee on the Environment and International Development (CCICED).

Lionel ZINSOU

Lionel Zinsou is a French-Beninese economist and investment banker who was Prime Minister of Benin from 2015 to 2016.

Since June 2017, he has been president of Terra Nova, a French centre-left think tank.

Mr Zinsou was a partner at Rothschilds Bank before joining the investment fund PAI Partners in 2008.

He also served as special adviser to the President of Benin from 2006 to 2011, and as Prime Minister of Benin in 2015 - 2016.

Zinsou was also a candidate in the 2016 presidential election.

Since 2017, he has been founder and Managing Partner of SouthBridge, a financial and strategic advisory firm dedicated to the African continent.

Nicholas STERN

Nicholas Stern holds a PhD in economics from Oxford University and is a Professor at the London School of Economics and Fellow of the British Academy.

He was Special Adviser on the Economics of Development and Climate Change and Adviser to the UK Government on the Economics of Climate Change and Development from 2003 to 2007.

From 1994 to 1999 he was Chief Economist and Special Adviser to the President of the EBRD, and from 2000 to 2003 Chief Economist and Vice-President of the World Bank.

Nicholas Stern is a former head of the UK Government Economics Service. In 2006 he authored a landmark report on the economic impact of global warming.

Pascal SAINT-AMANS

Former director of the OECD's Centre for Tax Policy and Administration, Pascal Saint-Amans held various positions in the French Ministry of Finance before joining the OECD.

At the Directorate of tax legislation, he was successively responsible for monitoring the European Union's work on direct taxation, then for negotiating bilateral tax treaties and amicable tax procedures.

In this capacity, he sat on Working Group 1 of the Committee on fiscal affairs as France's representative before being elected Chairman in 2005.

He was also a member of the United Nations Committee of Experts on International Cooperation in Tax Matters, for which he was rapporteur in 2006. He was also head of litigation at the Directorate-General of Taxes.

Rabah AREZKI

Rabah Arezki is a former chief economist and vice president at the African Development Bank and former chief economist of the World Bank’s Middle East and North Africa region.

He is also the former chief of commodities in the International Monetary Fund’s research department.

He is a professor and research director at the CNRS, CERDI, a member of the FERDI's chair working group on the international architecture of financing for development, and a senior fellow at FERDI and Harvard Kennedy School.

Christine LAGARDE

Présidente de la BCE

Mohamed BAZOUM

Président de la République du Niger

Faure E GNASSINGBE

Président de la République togolaise

José RAMOS-HORTA

Président de la République démocratique du Timor oriental

Miguel DIAZ-CANEL BERMUDEZ

Président de la République de Cuba

Roumen RADEV

Président de la République de Bulgarie

Ariel Henry

Premier Ministre de la République d'Haiti

Prof. Jeffrey D. SACHS

Prof. Jeffrey D. Sachs serves as the Director of the Center for Sustainable Development at Columbia University, where he holds the rank of University Professor, the university’s highest academic rank.

Sachs was Director of the Earth Institute at Columbia University from 2002 to 2016.

He is President of the UN Sustainable Development Solutions Network, Co-Chair of the Council of Engineers for the Energy Transition, academician of the Pontifical Academy of Social Sciences at the Vatican, Commissioner of the UN Broadband Commission for Development, Tan Sri Jeffrey Cheah Honorary Distinguished Professor at Sunway University, and SDG Advocate for UN Secretary General António Guterres.

From 2001-18, Sachs served as Special Advisor to UN Secretaries-General Kofi Annan (2001-7), Ban Ki-moon (2008-16), and António Guterres (2017-18).

Sachs is the 2022 recipient of the Tang Prize in Sustainable Development and was the co-recipient of the 2015 Blue Planet Prize, the leading global prize for environmental leadership.

He was twice named among Time magazine’s 100 most influential world leaders.

Personal website: https://www.jeffsachs.org/

Patrice TALON

President, Republic of Benin

Alvaro LARIO

President, FIDA

Kaïs SAÏED

Président de la République de Tunisie

Robert MARDINI

Robert Mardini is Director-General of the International Committee of the Red Cross (ICRC), a position he assumed in March 2020. As head of the ICRC’s executive body, he is responsible for steering the organisation’s global humanitarian activities in more than 100 countries, with over 20,000 staff members and a yearly budget of USD 2.6 billion.

A master’s degree holder in civil engineering and hydraulics from the Swiss Federal Institute of Technology (EPFL) in Lausanne, Mardini began his ICRC career in 1997, coordinating programmes in Rwanda and Iraq before going on to lead the Water & Habitat unit.

Since then he has held a variety of key positions in the organisation, notably Deputy Director-General (2010-2012), Regional Director for the Near & Middle East (2012-2018) and Permanent Observer to the United Nations and Head of Delegation in New York (2018-2020).

In 2021, he was elected to the Swiss Academy of Engineering Sciences (SATW) in recognition of his ability to mobilise teams to provide effective emergency aid to victims of major armed conflicts.Mardini is a dual Lebanese-Swiss citizen. He is married and has two daughters.

Paul BIYA

Président de la République du Cameroun

Nana AKUFO-ADDO

Président de la République du Ghana

Bola TINUBU

Président de la République fédérale du Nigéria

Faustin ARCHANGE TOUADERA

Président de la République centrafricaine

Umaro SISSOCO EMBALO

Président de la République de Guinée-Bissao

Fatih BIROL

Directeur exécutif de l'Agence internationale de l'énergie

Ngozi OKONJO-IWEALA

Directrice générale de l'Organisation mondiale du commerce

Achim STEINER

Administrateur du Programme des Nations unies pour le développement

Li QIANG

Li Qiang, male, Han ethnicity, was born in July 1959 and is from Ruian, Zhejiang Province. He began his first job in July 1976 and joined the Communist Party of China (CPC) in April 1983. He received a graduate education at the Central Party School and holds an executive MBA degree.

Li is currently a member of the Standing Committee of the 20th CPC Central Committee Political Bureau, premier of the State Council and secretary of the Leading Party Members Group of the State Council.

Nirmala SITHARAMAN

Minister of Finances

Moussa Faki Mahamat

S.E. Moussa Faki Mahamat, né le 21 juin 1960, le Ministre tchadien des affaires étrangères a été élu Président de la nouvelle Commission de l'Union africaine. S.E. Mahamat parle couramment le français, l'arabe et l'anglais et a occupé des postes très élevés avec une expérience de trente (30) ans. Cet avocat a été ministre à plusieurs reprises ; il a été directeur du Cabinet civil du Président de la République, Premier ministre, chef du gouvernement et président d'une grande institution de la République, à savoir le Conseil économique, social et culturel, où il a eu à traiter et à gérer des questions importantes.

S.E. Moussa Faki Mahamat a présidé le Conseil de sécurité pour le mois de décembre 2015 et le débat général du 19 décembre 2015 sur le thème " menaces contre la paix et la sécurité internationales ; terrorisme et criminalité transfrontaliers ". En outre, il a également présidé le Conseil de paix et de sécurité de l'UA en septembre 2013 et dirigé le Sommet extraordinaire de Nairobi sur la lutte contre le terrorisme. Les questions de paix et de sécurité en Afrique ont été au cœur des activités de M. Mahamat et de nombreuses autres missions axées sur le bien-être de l'Afrique.

Le président de la Commission est le chef de la direction, le représentant légal de l'UA et le comptable en chef du président de l'UA. Il est directement responsable devant le Conseil exécutif de l'exercice de ses fonctions.

M. Muhammad Shehbaz SHARIF

Premier ministre de la République islamique du Pakistan

M. Abiy Ahmed

Prime Minister of Ethiopia

Jorge Moreira da Silva

Jorge Moreira da Silva joined UNOPS in April 2023. He has extensive experience working in the public and development sectors, with a strong focus on climate change, energy and the environment.

Previously, Mr. Moreira da Silva was the Director of the Development Co-operation Directorate at the Organisation for Economic Co-operation and Development (OECD) and was Portugal’s Minister for the Environment, Territorial Planning and Energy, Secretary of State on Environment and Secretary of State on Science and Higher Education.

He also served as Senior Environmental Finance Adviser and as Programme Manager on Climate Change Innovative Finance at the UN Development Programme. As a member of the European Parliament, he authored the legislation that created the European Union Greenhouse Gas Emissions Trading Scheme.

Mr. Moreira da Silva holds a degree in Electrical and Computer Engineering and a postgraduate degree in Senior Management.

Wanjira MATHAI

Managing Director, Africa and Global Partnerships World Resources Institute

Patrick GUILLAUMONT

Président de FERDI

Thomas HELLER

Fondateur de la Climate Policy Initiative

Cécile DUFLOT

Directrice générale d’Oxfam

Pierre MICHELETTI

Président d’Action contre la Faim

Mary SCHAPIRO

Vice-présidente pour la politique publique mondiale de Bloomberg

Samaila ZUBAIRU

Président-directeur général d’Africa Finance Corporation

Philippe ZAOUATI

Président-directeur général de Mirova

Lawrence YANOVITCH

One Planet Sovereign Wealth Fund network

Thierry DEAU

Meridiam

Mohammed BIN SALMAN

Prince héritier d'Arabie Saoudite

A LOOK BACK AT THE SUMMIT OF JUNE 2023

The Summit for a New Global Financing Pact was held on 22 and 23 June in Paris. It brought together hundreds of participants, some 40 Heads of State and Government, as well as leaders of international and regional organizations, presidents of development banks, company CEO’s and civil society representatives – a variety of stakeholders committed to build a fairer and more sustainable world.

The summit led to an assessment of additional efforts necessary to face a dual challenge -- the eradication of poverty and the preservation of the planet. These were included in a declaration of ambition and call to action - the Paris Pact for People and the Planet. The Summit also led to the formation and launching of coalitions and initiatives, all of which are committed to produce tangible measures that contribute to achieving the Pact’s objectives.

A committee has been set up to follow these projects. It will adhere to the 4P agenda and monitor challenges linked to financing sustainable development that are high on the priority list of global leaders. It will report on advances made and ensure that the high level of ambition expressed during the Summit is maintained, in order to accomplish the measures agreed upon in Paris.





Initiatives launched

Coalitions and initiatives enabling initial progress to be made on the Paris Pact were launched at the Summit on 22 and 23 June. Countries and organizations have taken on a pioneering role in establishing new measures that can respond to some of the challenges faced by developing countries. These coalitions and initiatives may be deepened and expanded in the coming months.

  • Multilateral development banks vision statement

  • Call to action and commitments for climate resilient debt clauses

  • Call to action for Paris aligned carbon markets

  • Communiqué by philanthropic organizations on their ambitions to contribute to the financing of development and global challenges

  •  

    A look back in pictures
    The Summit in figures

    +300



    States, international organisations and civil society representatives

    6



    round-table conferences

    50



    side events

    OF WHICH

    +70


    partners – both private sector stakeholders
    and philanthropists

    +100


    invited Heads of State
    and Government

    +40


    International
    Organisations

    +120


    NGOs
    and NGO coalitions

    The six high-level round tables and more than forty side events, which all focused on the means to boost financing for the issues of development and preservation of the planet, took stock of priority measures capable of generating as much of an impact as possible to reach this objective. They are referenced in a summary report presented by the Presidency of the Summit (France) and based on the following aims: fighting poverty and vulnerabilities; staying united to strengthen international solidarity; protecting the planet and our common goods, including clean air, the forests and the oceans; mobilizing new financial resources, including from the private sector.


    Main participants

    Chefs d’ÉTAt et de gouvernement Participant aux différentes sessions du Sommet

    (Par ordre alphabétique de pays)

    • Cyril RAMAPHOSA, président de la République d’Afrique du Sud
    • Olaf SCHOLZ, Chancelier fédéral d’Allemagne
    • Mohammed ben Salman ben Abdulaziz AL SAOUD, prince‑héritier, Premier ministre, ministre de la Défense du Royaume d’Arabie saoudite
    • Mia MOTTLEY, Première ministre de la Barbade
    • Patrice TALON, président de la République du Bénin
    • Luis Inacio LULA DA SILVA, président de la République du Brésil
    • Gervais NDIRAKOBUCA, Premier ministre du Burundi
    • Paul BIYA, président de la République du Cameroun
    • Faustin Archange TOUADERA, président de la République de Centrafrique
    • LI Qiang, Premier ministre de la République populaire de Chine
    • Gustavo Petro URREGO, président de la République de Colombie
    • Denis SASSOU N’GUESSO, président du Congo
    • Jean-Michel Sama LUKONDE KYENGE, Premier ministre de la République démocratique du Congo
    • Patrick ACHI, Premier ministre de Côte d’Ivoire
    • Miguel DÍAZ-CANEL BERMUDEZ, président de la République de Cuba
    • Abdel Fattah AL SISSI, président de la République arabe d’Égypte
    • Abiy AHMED, Premier ministre d’Éthiopie
    • Emmanuel MACRON, président de la République française
    • Nana AKUFO-ADDO, président de la République du Ghana
    • Umaro Sissoco EMBALO, président de la République de Guinée‑Bissao
    • Ariel HENRY, Premier ministre d’Haïti
    • William RUTO, président de la République du Kénya
    • Andry RAJOELINA, président de la République de Madagascar
    • Mohamed Ould AL GHAZOUANI, président de la République de Mauritanie
    • Adriano MALEIANE, Premier ministre du Mozambique
    • Mohamed BAZOUM, président du Niger
    • Bola Ahmed TINUBU, président du Nigéria
    • Muhammad Shehbaz SHARIF, Premier ministre de la République islamique du Pakistan
    • Édouard NGIRENTE, Premier ministre du Rwanda
    • Ralph GONSALVES, Premier ministre de Saint‑Vincent‑et‑les‑Grenadines
    • Macky SALL, président de la République du Sénégal
    • Ľudovít ÓDOR, Premier ministre de la Slovaquie
    • Ranil WICKREMESINGHE, président de la République démocratique socialiste du Sri Lanka
    • Alain BERSET, président de la Confédération suisse
    • Mahamat Idriss DÉBY ITNO, président de la République du Tchad
    • Faure GNASSINGBE, président de la République du Togo
    • Kaïs SAÏED, président de la République de Tunisie
    • Azali ASSOUMANI, président de l’Union des Comores
    • Hakainde HICHILEMA, président de la République de Zambie

    CONTACT

    Piera Tortora, Head of the 4P Secretariat :  piera.tortora@oecd.org


    The 4P Secretariat is hosted in administrative terms at the OECD as an independent entity.