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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. 
      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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