On the margins of the Annual Meetings of the Asia Infrastructure and Investment Bank (AIIB), Finance and Development Planning Minister Samuel D. Tweah, Jr. participates in a Business Round Table on Climate Finance via Zoom. The Minister will serve as a panelist and will address global and national climate finance imperatives.
The AIIB round table is important as a run up to United Nation’s Framework Convention on Climate Change’s (UNFCCC’s) 26th Conference of the Parties (COP26), which is scheduled to be held in first Week of November 2021 in Glasgow, Scotland. His Excellency Dr. George Manneh Weah President of the Republic of Liberia will lead a Government of Liberia delegation at this year’s COP26, which is expected to be attended by more than 200 nations.
At today’s Panel, Minister Tweah will impress upon the AIIB to avail more climate finance opportunities for African countries, especially for Liberia, which has one of the largest forest covers in the Upper Equitorial Guinea Region, a forest cover that is a veritable carbon sink for rebalancing global CO2 toward the Paris Agreement’s target of keeping global warming below 1.5 degree Celsius.
Minister Tweah became one of the newest Governors of the AIIB when Liberia joined the Bank for the first time in 2020. The Government of Liberia is currently developing a portfolio of projects to be funded by the AIIB.