Finance Minister Mohamed Maait necessitated formulating a unified African vision with regard to the issues of finance and climate change via holding a conference for the African ministers of finance and environment in Egypt in September.
This falls within the framework of Egypt’s preparations for hosting the United Nations Climate Change Conference (COP 27) in November to contribute to achieving the goals of the continent, especially in light of the environmental and economic impact of the climate change.
This came during Maait’s meeting with his Nigerian counterpart Zainab Ahmed on the sidelines of their participation in the annual meetings the Islamic Development Bank (IsDB) Group held in Sharm el Sheikh under the rubric of “start of recovering from pandemic: persistence and sustainability”.
The meeting discussed the necessity to put mechanisms to face the global inflation which resulted from the Russian-Ukrainian crisis and affected the supply chains, costs of transport and shipping and prices of goods doubling the challenges on the developing countries and rising economies.
Maait urged providing suitable finance opportunities to combat climate change to support the policies and programs of green economy transition to achieve sustainable growth and encourage the private sector on effective participation in the eco-friendly projects to help ease the environmental suffering by finding suitable alternatives.
Both sides reviewed the risks of upping population rates, asserting the importance of raising the awareness on the risks of this issue, especially via spreading education.
Source: State Information Service Egypt