| NUWE |

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.



More posts

LDCF3 Project’s Improved Cookstoves: A Dual Solution for Climate Change and Human Health

In a ground-breaking move towards sustainable living, the Rwanda Environment Management Authority (REMA) is making significant strides in the fight…

Read more →

From reluctance to acceptance: The LDCF3 Project beneficiaries embraces terraces for agricultural transformation

The beneficiaries of the Ecosystem/Landscape Approach to Climate Proof the Rural Settlement Programme of Rwanda, also known as LDCF3 Project, who…

Read more →

Rwanda welcomes historic COP28 decision to transition away from fossil fuels

The Government of Rwanda has welcomed the ground-breaking decision made at the 28th Conference of the Parties (COP28) to the United Nations Framework…

Read more →

Rwanda launches Carbon Market Framework to advance Climate Action for a Sustainable Future

Rwanda has today launched its National Carbon Market Framework in a significant stride towards a greener and more sustainable future. The framework…

Read more →

Over 45 professionals complete a capacity-building program in climate change analysis and reporting

Kigali, 17 November, 2023- Kigali, REMA, in collaboration with the African Institute for Mathematical Sciences in Rwanda(AIMS_Rwanda), celebrated the…

Read more →

REMA’s LDCF3 Project distributes 5,000 improved cookstoves to beneficiaries to tackle climate change

The Rwanda Environment Management Authority distributes 5,000 improved cookstoves to beneficiaries of the Landscape Restoration Approach to Climate…

Read more →

BIOFIN’s Technical Advisor on Environmental Finance visits Rwanda to foster stakeholder engagement

The Biodiversity Finance Initiative (BIOFIN)’s Technical Advisor on Environmental Finance for Africa, Mr. Bruno Mweemba recently visited Rwanda from…

Read more →

World Ozone Day: REMA recognizes students and lecturers with technologies and eco-friendly cooling solutions

Rwanda in September 2023 joined the rest of the world to mark the World Ozone Day with the theme “Montreal Protocol: Fixing the Ozone layer and…

Read more →

Rwanda launches the first-ever calibration laboratories for meteorology, hydrology and air quality monitoring equipment

Rwanda will no longer outsource calibration services for meteorology, hydrology and air quality monitoring equipment, as these services will from now…

Read more →