Uganda has assumed a leadership role in the global climate finance arena, taking over as co-chair of the Coalition of Finance Ministers for Climate Action at the ongoing 2025 Spring Meetings of the World Bank Group and International Monetary Fund in Washington, D.C.
Uganda will co-chair the coalition alongside the Netherlands, following a handover from Indonesia’s Finance Minister Sri Mulyani Indrawati. The Minister of State for General Duties, Henry Musasizi, received the role on behalf of the Government of Uganda.
"We deeply appreciate the trust placed in us and we are committed to advancing our shared climate and economic goals," Musasizi said during the ceremony.
He emphasized that Uganda will prioritize climate adaptation during its tenure. “We believe adaptation efforts are not just necessary for resilience but are also key to unlocking economic opportunities,” he noted.
Musasizi, who was accompanied by the Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi and other senior officials, called on fellow finance ministers to embed climate goals into fiscal policy, planning, budgeting, and debt management.
He also stressed the importance of mobilizing both public and private financing to support climate action.
Uganda’s co-chairmanship will involve close collaboration with the coalition’s 98 member countries and institutional partners, including the World Bank and IMF.
The Coalition of Finance Ministers for Climate Action brings together global finance leaders to align economic and climate policies and promote sustainable development.
