The Minister of State for General Duties at the Ministry of Finance, Planning and Economic Development, Hon. Henry Musasizi, has reiterated that climate change is a global challenge that affects all nations regardless of their levels of emissions, calling for collective, practical and evidence-based solutions.
Hon. Musasizi made the remarks while officially opening the In-Person Global Deputies’ Meeting of the Coalition of Finance Ministers for Climate Action, held at Speke Resort Munyonyo.
Addressing delegates, the Minister noted that many countries are increasingly facing frequent and severe climate shocks, which are placing immense pressure on public finances and disrupting budget execution.
“Many countries are grappling with increasingly frequent and severe climate shocks which put immense pressure on public finances and budget execution,” Musasizi said.
He emphasized that Ministers of Finance carry the critical responsibility of safeguarding national budgets, maintaining sound fiscal discipline, and creating pathways for sustained economic growth and development, even as climate risks intensify.
Hon. Musasizi further highlighted Uganda’s strong engagement and benefits from the Coalition, noting that the global platform has enhanced peer learning, knowledge development and capacity building among member states.
He explained that through the Coalition, Uganda has implemented practical improvements in budgeting, economic modelling and policy processes that integrate climate considerations into fiscal planning.
The Minister, who was flanked by his Co-Chairs from the Netherlands, welcomed Croatia as the incoming Co-Chair of the Coalition, which will assume leadership responsibilities alongside Uganda.
The Coalition of Finance Ministers for Climate Action brings together finance leaders from across the world to drive climate-informed fiscal and economic policies aimed at supporting sustainable development and climate resilience.
