Dubai, United Arab Emirates, 03 December 2023 (ECA) - The United Nations Economic Commission for Africa (ECA), the United Nations Environment Program, and the University of Oxford, in partnership with the Coalition of Finance Ministers for Climate Action are jointly organizing an event on Sustainable Budgeting Approach (SBA).
The event to be held on 4 December at the COP28 Africa Pavilion will explore the role of sustainable budgeting in addressing Africa's interlinked challenges of debt, development, and environmental crises.
It builds on the endorsement of the Sustainable Budgeting Approach (SBA) by African Ministers of Finance, Economy, and Environment at the 2022 International Cooperation Forum and early discussions for a common position African position at the 11th Conference on Climate Change and Development in Africa.
The Sustainable Budgeting Approach (SBA) is a framework for helping finance ministry officials make informed and high-impact budgetary decisions, particularly under constrained fiscal space.
The main objectives of the event is to explore how sustainable budgeting can align public and private finance with integrated development, climate, and environmental objectives; to hear from external stakeholders on the value they see in African nations moving forward on sustainable budgeting; to discuss strategies to incentivize private finance on development and environmental goals; to examine the strategic use of budgeting to lower borrowing costs and enhance growth; to investigate the use of de-risking tools and investment plans; to encourage African nations to commit to implementing the SBA.
What: Sustainable Budgeting for navigating the climate and development crises
When: 4 December 2023
Where: COP28 Africa Pavilion, Dubai, United Arab Emirates
Who: United Nations Economic Commission for Africa (ECA), the United Nations Environment Program, and the University of Oxford, in partnership with the Coalition of Finance Ministers for Climate Action
Media Contact in Dubai COP28:
Sophia Denekew, ECA Media Relations
Email: denekews.uneca@un.org
@ECA_OFFICIAL, @AfricanClimate, @COP28_UAE, #COP28UAE
Issued by:
Communications Section
Economic Commission for Africa
PO Box 3001
Addis Ababa
Ethiopia
Tel: +251 11 551 5826
E-mail: eca-info@un.org