IMF Managing Director commends Rwanda’s commitment to fighting climate change
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva commends Rwanda’s commitment to fighting climate change and being the first African country to access the IMF’s financing facility to build resilience to climate change.
The IMF Managing Director was in Rwanda for a three day on a three-day working visit from 24th to 26th January 2023. Her visit aimed to expand climate financing schemes for developing countries and explain the IMF’s new Resilience and Sustainability Trust (RST)
She participated in round table discussions with East African finance ministers and Central Bank governors to discuss the process to acquire climate financing under the RST.
She also engaged with Rwandan green entrepreneurs and young environmentalists to discuss climate change challenges and available opportunities that could help to alleviate the severe shocks due to climate change in vulnerable countries including Rwanda.
“I came to Rwanda knowing that what I would find here would be interesting. This is a very good project but it would be really effective and impactful if the concept gets translated allover Rwanda and it becomes the way of action where it’s appropriate” she said in a conversation held at Nyandungu Eco Park with young environmentalists.
The Director General of the Rwanda Environment Management Authority, Juliet Kabera, explained that after restoring Nyandungu wetland turned into an Eco Park, Rwanda has embarked on the rehabilitation of five additional wetlands in the City of Kigali. The rehabilitation of those wetland will not only contribute to floods control, but also promote ecosystem services and people’s wellbeing.
“At the IMF, we are making a big financial contribution to fight climate change, and we are more importantly changing the way we, at the IMF think about development. It is inclusive of reducing emissions and improving resilience of our societies our economies, our people and our planet” Georgieva revealed.
Topics
More posts
Rwanda will no longer outsource calibration services for meteorology, hydrology and air quality monitoring equipment, as these services will from now…
Rwanda has on September 7, 2023 joined the rest of the world to mark the International Day of Clean Air for Blue Skies, which is celebrated annually…
The United Kingdom (UK) Minister of State for Development and Africa, Rt Hon Andrew Mitchell MP, commends Rwanda’s efforts to protecting the…
The Rwanda Environment Management Authority (REMA) has on 22nd and 23rd August 2023 conducted a guided tour for interested bidders in the five…
The Rwanda Environment Management Authority (REMA) in partnership with Action pour la Protection de l‟Environnement et la Promotion des Filières…
Farmers and fishers in Rwanda are joining sustainable cooling experts to learn how clean-cold technology can revolutionise their businesses.
Farmers…
Kigali, 15 June, 2023-Today, the World Bank Vice-President for Eastern and Southern Africa, Victoria Kwakwa visited Rwampara wetland which is one of…
Many decades ago, women and children in Amayaga Region – in Rwanda’s southern province – have been struggling with the lack of firewood and…
Rwanda has on June 5, 2023 launched the Revised Green Growth and Climate Resilience Strategy as part of World Environment Day celebrations. The…