| 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

Rwanda and partners launch two projects to advance energy efficiency and sustainable cooling

The Government of Rwanda, through the Rwanda Environment Management Authority (REMA), the Food and Agriculture Organization (FAO) and the Green…

Read more →

REMA launches the Evidence-based Climate Reporting Initiative to advance climate research and reporting

The Rwanda Environment Management Authority (REMA) in collaboration with the African Institute of Mathematical Sciences (AIMS) have on May 19, 2023…

Read more →

National Ozone Officers meet in Kigali to discuss the implementation of Montreal Protocol and its Kigali Amendment

The Rwanda Environment Management Authority (REMA) in collaboration with the United Nations Environment Programme (UNEP)’s OzonAction has organized a…

Read more →

Minister Mujawamariya officiates the use of LPG donated to 20 schools by REMA through Green Amayaga Project

The Minister of Environment, Dr. Jeanne d’Arc Mujawamariya has on 3rd May 2023 launched the use of Liquefied Petroleum Gas (LPG) for bulk cooking in…

Read more →

Delegates from across Africa meet in Kigali to Develop Priorities and Strategies for International Legally Binding Instrument to End Plastic Pollution

The Rwanda Environment Management Authority (REMA), in collaboration with the Environmental Investigation Agency (EIA) and the Center for…

Read more →

Rwanda elected to chair Platform of Environmental Protection Agencies in Africa

The first-ever roundtable meeting of Heads of Environmental Protection Agencies and Directors of Environment in Africa (EPAs) has elected Rwanda to…

Read more →

Rwanda to host African Heads of Environmental Protection Agencies to discuss common environmental challenges

Rwanda will from 7–8 March 2023 host the first meeting of the Heads of Environment Protection Agencies and Directors of Environment in Africa (EPAs). 

Read more →

Rwandans Urged to halt wetlands degradation and contribute to wetlands restoration

Kigali, February 02,2023- Rwanda joins the rest of the world to commemorate World Wetlands Day (WWD) usually celebrated every year with the ultimate…

Read more →