Tuesday, April 24, 2018

Equatorial Guinea Reiterates Commitment in Fight Against Climate Change, Leads Dialogue on Importance of Green Climate Fund

The Republic of Equatorial Guinea this week reiterated its commitment to fight against climate change and led the dialogue on the importance of the Green Climate Fund (GCF) during a session of the Development Bank of the Central African States (BDEAC).

Equatorial Guinea highlighted the socioeconomic perils of climate change, including its propensity to increase global inequality.

Equatorial Guinea also called for further technical and financial means for the BDEAC in order to fully adopt its role as the institution financing development in the importance space of climate change.

The BDEAC is a multilateral development bank that is charged with financing the development of the member states of the Economic and Monetary Community of Central Africa (CEMAC).

Equatorial Guinea is strongly committed to sustainable development. Equatorial Guinea has highlighted the importance of forest conservation and the environment as part of the creation and implementation of its sustainable economic development model for the reduction of poverty.

In addition to the fight against climate change, Equatorial Guinea works closely with numerous international organizations on a number of development projects, including the eradication of hunger in Africa by 2025, in line with the country’s Sustainable Development Goals under the Horizon 2020 program.