Finance

IDB Holds Annual Meeting [viewed]

IdbThe Inter-American Development Bank (IDB) held its annual meeting from 4-8 April 2008, in Miami, US.

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G8 Development Ministers Highlight Climate Change-Development Link [viewed]

April 2008: G8 Ministers and senior officials responsible for development cooperation met from 5-6 April 2008, in Tokyo, Japan, along with representatives from Brazil, China, India, Indonesia, Malaysia, Mexico, Republic of Korea, South Africa, the ASEAN Secretariat, the AU Commission, the OECD, UNDP, UNESCO, UNICEF, WHO and the World Bank. The meeting was held with a view to provide political input and support to the Fourth Tokyo International Conference on African Development (TICAD IV), the G8 Hokkaido Toyako Summit, the Third High Level Forum on Aid Effectiveness in Accra, Ghana, the UN high-level meeting on the Millennium Development Goals (MDGs), and the Follow-up Conference on Financing for Development in Doha. Ministers addressed the development agenda for the G8 Hokkaido Toyako Summit, and held outreach sessions on: expanding partnerships for development; climate change and development; and human security and the achievement of the MDGs.

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WMO Secretary General Emphasizes Need to Strengthen African Countries' Meteorological and Hydrological Services [viewed]

Michel_jarraud_2Discussing the need to protect against the damaging effects of climate change, Michel Jarraud, Secretary General of the World Meterological Organization (WMO), emphasized the importance of “African National Meteorological and Hydrological Services … as actors of development… particularly with regard to evaluating and monitoring the environment, preparing for natural hazards, and… climate change.”

Speaking at the Conference of the African Ministers of Trade and Finance in Addis Ababa, Ethiopia, held from 1-3 April 2008, he noted African countries' particular susceptibility to extreme weather events and encouraged investment in observational networks to facilitate early warnings of natural disasters and climate predictions.

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UN General Assembly Thematic Debate Addresses Climate Change's Links to Achieving the MDGs [viewed]

Mdg2 April 2008: Many speakers addressed links between climate change and the achievement of the Millennium Development Goals (MDGs) during the UN General Assembly's two-day thematic debate entitled “Recognizing the achievements, addressing the challenges and getting back on track to achieve the Millennium Development Goals by 2015.” In her opening remarks to the 1-2 April 2008 thematic debate, Asha-Rose Migiro, UN Deputy Secretary-General, highlighted many speakers' concern that climate change could thwart achievement of the MDGs.

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IFAD VP Emphasizes Collective Effort to Tackle Poverty, Climate Change and High Food Prices [viewed]

NwanzekanayoInternational Fund for Agricultural Development (IFAD) Vice-President Kanayo Nwanze told participants at the first annual meeting of the African Union/United Nations Economic Commission for Africa Conference of Ministers of Finance, Planning and Economic Development, in Addis-Ababa, Ethiopia, that “A concerted, coordinated and collective effort is the most effective way to tackle the triple scourge of poverty, climate change and high food prices and to guarantee a sustainable future for women, marginalized groups and smallholder farmers in Africa.”

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UN Secretary-General Ban Addresses Climate Links with Development: Recent Statements Regarding Climate Change [viewed]

Ban_kimoonIn his 1 April 2008 address to the UN General Assembly's thematic debate on the Millennium Development Goals (MDGs), UN Secretary-General Ban Ki-moon stressed that “development progress is gravely threatened by the effects of climate change and other major environmental challenges.” He highlighted that changes in our natural environment “can have adverse impacts on economic and social development,” and emphasized developing countries' need for “additional assistance and resources to support their adaptation efforts,” given their limited technological and financial resources.

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GEF and UNDP Support Biomass Gasifier Plant in India [viewed]

The Global Environment Facility (GEF)/UNDP, India Canada Environment Facility (ICEF), and the Government of Karnataka, India, are supporting a biomass gasifier plant, which uses carbon neutral biomass to produce electricity for rural villages.

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Towards A Strategic Framework On Climate Change And Development For The World Bank Group [viewed]

WorldbankThe World Bank has released a concept and issues paper that develops a draft for a comprehensive Strategic Framework on Climate Change and Development (SFCCD) for the World Bank Group (WBG). The draft will be subject to public consultations and proposed for endorsement by the Board in September 2008.

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OPEC and IEA Heads Discuss Energy Consumption and Production [viewed]

International Energy Agency (IEA) Executive Director Nobuo Tanaka and Organization of Petroleum Exporting Countries (OPEC) Secretary General Abdalla Salem El-Badri met in Paris, France, to, in the words of El-Badri, “share ideas and discuss various aspects of the energy scene with the IEA.

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MDG Carbon Facility Set to Launch First Projects [viewed]

Undp_logoThe UN Development Programme (UNDP) has announced an agreement with financial services group Fortis to launch the first projects of the MDG Carbon Facility.

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