Egypt’s Minister of Finance, Ahmed Kouchouk, called on international institutions to provide more concessional development financing to help developing countries address climate change.
Speaking on Saturday at a session titled “Fairer and More Accessible Climate Finance” at the climate conference in Türkiye, Kouchouk said international climate finance pledges must be translated into actual funding for countries most in need.
He said an effective climate finance system should focus on building economic resilience, mobilising resources and supporting sustainable development.
“Climate action goals cannot be achieved without taking into account the debt-servicing burdens and development needs of developing countries,” he added.
Minister Kouchouk also stressed that involving young people in drafting proposals to reform climate finance would help build a fairer international system for future generations.
