Question

Which of the following statement is correct about New Global Financing Pact 2023?
I. The summit was co-organized by France, Barbados and India.
II. The objective of the summit is to set the foundations for a new global financing architecture beyond the Bretton Woods system to address climate change, biodiversity crisis and development challenges. 

A Neither I nor II
B Both I and II
C Only II
D Only I
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