{"id":55216,"date":"2023-09-09T10:43:15","date_gmt":"2023-09-09T10:43:15","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf"},"modified":"2023-09-09T12:22:01","modified_gmt":"2023-09-09T12:22:01","slug":"climate-change-threatens-economic-stability-development-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf","title":{"rendered":"Climate change threatens economic stability, development \u2013 IMF"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The International Monetary Fund and the World Bank have warned that climate change is a threat to global peace, security, economic stability, and development.<\/p>\n

The joint statement by the two entities comes a day after the African Climate Summit that took place from September 4 – 6 at Kenyatta International Convention Centre in Nairobi Kenya.<\/p>\n

\u201cTo address this challenge, our institutions need to help all our member countries integrate their climate and development goals. Given the critical nature of this work stream, we will put Bank-Fund collaboration in this area on a more structured and institutionalized footing,\u201d IMF managing director Kristalina Georgieva, and the World Bank President Mr Ajay Banga on stated on September 7.<\/p>\n

The updated core mandate of the World Bank puts climate explicitly as one of the core areas of the Bank\u2019s efforts and builds on an ongoing multi-year engagement on climate action and development.<\/p>\n

IMF has also adopted a new climate strategy that includes coverage of macro-critical climate issues as part of Article IV consultations and expanded technical assistance in areas where it has specialized expertise.<\/p>\n

The two institutions stated that they will further strengthen coordination and focus on results.<\/p>\n

“We will formalize the regular meetings of the new Bank-Fund Climate Advisory Group, tasked with ensuring coordination of our climate related work streams,” the statement reads in part.<\/p>\n

At the opening of the Africa climate week on September 4, the UN Secretary-General Anto\u0301nio Guterres said: \u201cAfrica accounts for just four per cent of global emissions. Yet it suffers some of the worst effects of rising global temperatures. The people of Africa \u2014 and people everywhere \u2014 need action to respond to deadly climate extremes. I\u2019m convinced that Africa can be at the heart of a renewable future. Now is the time for all countries to stand as one in defence of our only home.\u201d<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The International Monetary Fund and the World Bank have warned that climate change is a threat to global peace, security, economic stability, and development. The joint statement by the two entities comes a day after the African Climate Summit that took place from September 4 – 6 at Kenyatta International Convention Centre […]<\/p>\n","protected":false},"author":84,"featured_media":55215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-55216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nClimate change threatens economic stability, development \u2013 IMF - Uganda<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund and the World Bank have warned that climate change is a threat to global peace, security ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate change threatens economic stability, development \u2013 IMF\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund and the World Bank have warned that climate change is a threat to global peace, security ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T10:43:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-09T12:22:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1694245616.177519.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1018\" \/>\n\t<meta property=\"og:image:height\" content=\"612\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Climate change threatens economic stability, development \u2013 IMF\",\"datePublished\":\"2023-09-09T10:43:15+00:00\",\"dateModified\":\"2023-09-09T12:22:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1694245616.177519.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/climate-change-threatens-economic-stability-development-imf\",\"name\":\"Climate change threatens economic stability, development \u2013 IMF - 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