Finance Minister Christos Staikouras will leave on Tuesday for Sharm El Sheikh in Egypt, to take part in Wednesday’s sessions of the UN Summit for Climate Change COP27.
The works of the Summit are dedicated to the financial system and aim at promoting a ‘green’ and sustainable economic policy in order to address the consequences of climate change and reduce the ecological footprint of the global financial system.
On the sidelines of the meeting, Staikouras will have a bilateral meeting with his Egyptian counterpart Mohamed Maait and will also take part in the closed meeting of the Finance Ministers’ Coalition for Climate Action, during which they will discuss:
-The role of finance ministries in achieving the goals of the Paris Agreement on climate and the importance of integrating the climate aspect when drafting economic, fiscal and financial policies
-The planning of economic policy and the coordination of actions for the mobilisation of financial flows in support of adaptation to climate change and its inevitable repercussions.
Also participating in the meeting will be the head of the World Bank, David Malpass, and the chief of the IMF, Kristalina Georgieva.