Nairobi, Thursday 7th September 2023 - Hon. Ken Ofori-Atta, Minister for Finance, has called on African leaders and the V20 Group of Finance Ministers to analyse the opportunities that will be created as we achieve a fit-for-climate global financial system that is in sync with the 2063 Agenda and the SDG Stimulus by 2030.
The Minister noted that, Africa’s journey toward sustainability and climate prosperity, was intimately linked with its collective ability to reshape the financial landscape.
Hon. Mohammed Amin Adam, the Minister of State at the Ministry of Finance said these on behalf of the Finance Minister, at a collaborative side event led by the V20 Group at the just ended Africa Climate Summit.
The meeting which was on the theme "A Fit-for-Climate Global Financial System? Now or Never," brought together government representatives, philanthropies, the civil society, research think tanks and the media. The Minister highlighted the need for MDBs to facilitate access to finance for the climate vulnerable as well as work together to triple all multilateral financing particularly the tripling of available resources for the World Bank's International Development Association (IDA).
According to the Minister, leaders pushing the Climate Change agenda must "seize this moment, harness our collective determination, and foster a legacy that future generations will commend."
He added that ‘’It is not enough to survive, we must thrive, and our objective is to achieve prosperity, nothing less’
The Minister later reminded the V20 group of their core mandates as the pioneers, pathfinders and champions of climate prosperity who continue to provide a voice for the over 1.74 billion climate vulnerable people, about half of who reside in Africa. END