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
The Government of Rwanda has welcomed the outcomes of the 27th United Nations Climate Change Conference, known as COP27. At the meeting, nations…
Rwanda has on 14th November 2022 launched a new facility that will invest in climate action led by the public sector on the sidelines of COP27 in…
Rubavu, November 15th, 2022- From 14th to 15th November, The Rwanda Environment Management Authority conducted a two-day workshop to raise awareness…
Geneva, 10 November,2022 - The City Kigali received Wetland City Accreditation Award during the 14th Meeting of the Conference of the Contracting…
United Nations Climate Change Conference 27th Conference of Parties, Sharm El Sheikh, 8 November 2022
The President of the Republic of Rwanda, His Excellency Paul Kagame has on November 7, 2022 launched Ireme Invest at the United Nations Climate Change…
Rwanda will press for more ambitious climate action and share the country’s green investment opportunities at this year’s UN Climate Change Conference…
The Rwanda Environment Management Authority (REMA) and the United Nations Development Programme (UNDP) have today launched the “Landscape Approach to…
Kigali, 05th October,2022 – Development Partners, Public and Private institutions met for the Environment and Climate Change Thematic Working Group…