By The Respondent reporter
Washington,
D.C
–Permanent Secretary of the Ministry of Finance Dr. Natu El-maamry Mwamba, took
part in a critical discussion on the role of African Central Banks in
mobilizing financial resources to address the growing economic and social
impacts of climate change.
The event was held as part of the
30th-anniversary celebrations of the Macroeconomic and Financial Management
Institute of Eastern and Southern Africa (MEFMI), on the sidelines of the World
Bank and International Monetary Fund (IMF) Annual Meetings at the Mayflower
Hotel.
The
discussion brought together finance ministers, central bank governors, and
senior policymakers from across Africa, highlighting the pressing need for
climate finance and resilience-building mechanisms. Dr. Mwamba stressed the
importance of sustainable financing to mitigate the severe effects of climate
change on African economies, which are increasingly vulnerable to natural
disasters and environmental degradation.
In
addition to Dr. Mwamba, the Tanzanian delegation included Deputy Permanent
Secretary for Economic Policies, Mr. Elijah Mwandumbya, and Bank of Tanzania
Governor, Mr. Emmanuel Tutuba. Their participation underscored Tanzania's
commitment to seeking innovative financial strategies to combat climate change
while promoting economic stability and growth. The event fostered dialogue on
solutions for climate resilience, with a focus on attracting international
investment and collaboration.