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    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.Β 
    A Neither I nor II Correct Answer Incorrect Answer
    B Both I and II Correct Answer Incorrect Answer
    C Only II Correct Answer Incorrect Answer
    D Only I Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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