Uganda and the Netherlands have been chosen as co-chairs of the Coalition of Finance Ministers for Climate Action, a global group comprising 98 member countries.
This announcement was made during the ongoing 2025 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington, D.C., USA.
The World Bank and IMF serve as the secretariat for the coalition, a collective of Finance Ministers committed to both domestic and international action on climate change, in alignment with the goals of the Paris Agreement.
Adopted in 2015, the Paris Agreement is an international climate treaty with the primary aim of limiting global temperature rise to well below 2 degrees Celsius above pre-industrial levels, with a more ambitious target of keeping the increase to 1.5 degrees Celsius.
Uganda’s Minister of State for General Duties, Henry Musasizi, accepted the co-chairmanship on behalf of the Ugandan government from the outgoing co-chair, H.E. Sri Mulyani Indrawati, Indonesia’s Finance Minister.
“We are deeply grateful for the trust placed in us and are fully committed to advancing our shared climate and economic objectives,” Minister Musasizi said.
He emphasized that Uganda’s main focus during its co-chairmanship would be on adaptation. “We view adaptation not just as essential for resilience but also as a key driver of economic opportunities,” the Minister added.
Accompanied by Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, and other officials, Musasizi highlighted that Finance Ministers must incorporate climate considerations into fiscal policies, budgeting, planning, and debt management while mobilizing both public and private sector resources.
Uganda, he affirmed, will work closely with all 98 member countries and institutional partners such as the World Bank and the IMF.
The World Bank explained that the Principles guiding the coalition are aspirational, designed to align countries with a common purpose. While the specific responsibilities of Finance Ministers vary, all members are expected to work within their mandates to implement these principles.
The coalition also benefits from technical assistance provided by development partners, including programs like the World Bank’s Carbon Accelerator Programme for the Environment (CAPE) and the Nationally Determined Contributions (NDC) Support Facility.
Other institutions such as the IMF, the Organisation for Economic Co-operation and Development (OECD), and the UN Development Programme (UNDP) also offer technical support and analytical resources to countries.
