The Coalition of Finance Ministers for Climate Action met today as part of the 2021 Annual Meetings of the World Bank Group and the International Monetary Fund under Co-Chair H.E. Annika Saarikko, Minister of Finance of Finland, and Co-Chair H.E. Sri Mulyani Indrawati, Minister of Finance of Indonesia.
Finance Ministers emphasized the key role of Ministries of Finance in helping tackle climate change, highlighting the critical need to mainstream climate considerations into economic and financial policies and how to make progress on this challenging agenda. Finance Ministers also discussed reforms that support a just and affordable transition to low-carbon economic growth, including carbon pricing and green budgeting.
UN Secretary-General António Guterres, World Bank Group President David Malpass, and IMF Managing Director Kristalina Georgieva called on the international community to step up efforts to address climate change and noted key areas of support from multilateral institutions. Institutional Partners of the Coalition also shared perspectives and priorities in support of the Coalition and progress on the Helsinki Principles.
Coalition member countries endorsed a Joint Ministerial Statement and the 2021 Annual Report and welcomed five new member countries—Estonia, Hungary, Peru, Slovakia, and Ukraine—who joined the Coalition since the April 2021 Ministerial Meeting and bring the Coalition’s membership to 65 countries.
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United Nations Secretary-General
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