The island nation of Mauritius is set to host the African Economic Conference (AEC) 2022 (https://AEC.AfDB.org) from December 9-11, its Minister of Finance, Economic Planning and Development, Dr Renganaden has said. Padayachy. Thursday at a press conference announcing the event.
The African Economic Conference is Africa’s premier forum for discussing the continent’s emerging challenges and opportunities and is jointly organized by the African Development Bank, the Economic Commission for Africa and the United Nations Development Programme.
This year’s conference will be held in a hybrid format, with in-person delegates meeting in the coastal town of Balaclava, in the northwest of Mauritius. It will be held under the theme “Supporting climate-smart development in Africa”.
“Hosting such a prestigious event is truly a privilege and an honor for Mauritius,” said Padayachy.
Addressing the theme of the AEC 2022, Padayachy referred to the World Risk Report 2021, which describes Africa as the continent most vulnerable to climate disasters and Mauritius as highly exposed to impacts.
The minister said the government is very committed to accelerating the country’s green transformation process, aiming to generate 60% of its energy from renewable sources by 2030. cleaner, greener and more resilient to climate change. he said.
In his remarks, the African Development Bank’s Deputy Managing Director for Southern Africa, Kennedy Mbekeani, commended the Mauritian government for agreeing to host the African Economic Conference 2022. The AEC 2022 provides a platform for form of in-depth thinking on building institutional capacity to develop innovative climate-smart mechanisms to build Africa’s resilience and readiness to shift to low-carbon development pathways.
“Water supply and food production could be hampered by changing weather conditions. Africa’s most vulnerable regions are also among the most fragile due to their reliance on unimproved commodities. and the lack of economic variety,” Mbekeani said.
According to Mbekeani, creating climate-smart policies could become a driver of development across Africa, and investments in building resilience to climate change could have wider economic and social benefits.
Speaking at the press conference, UNDP Senior Economist for Mauritius and Seychelles, Tony Muhumuza; Advisor to the Chief Economist and Vice President of the African Development Bank, Eric Ogunleye; the Bank’s AEC Project Manager, Adeleke Salami; and other senior officials, including the Financial Undersecretary at the Ministry of Finance, Economic Planning and Development, Vish Soondram.
Mbekeani highlighted the African Development Bank Group’s new policy and strategy on climate change and green growth for 2021-2030, which aims to address the climate finance disparities in Africa and strengthen the continent’s voice on climate change issues. of climate change.
Experts have warned that most of Africa will suffer from extreme weather events, which have become more frequent and severe, causing damage to agriculture, tourism, cities, infrastructure, water, energy systems and even the extractive sector.
Since its inception in 2006, the ACS has supported research, policy discussion and knowledge sharing on issues affecting Africa. This year, Mauritius expects more than 400 participants in person.
Click here (https://bit.ly/3EubaI8) to watch Finance Minister Padayachy’s remarks
Click here (https://bit.ly/3EuvKbh) for Mbekeani’s remarks
Video (https://bit.ly/3TaQCbK) of the full press conference
Click here (https://bit.ly/3TaQIjC) for photos
Distributed by APO Group for the African Development Bank (AfDB) Group.
Communication and External Relations, African Development Bank
About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Present in 41 African countries with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. For more information: http://www.AfDB.org