IMF published this video item, entitled “Democratic Republic of the Congo: Energy Transition and the Role of the DRC as a Solution Country” – below is their description.
Moderator: Abebe Aemro Selassie, Director of the African Department, IMF
Guest: Nicolas Kazadi, Minister of Finance of the Democratic Republic of the Congo
Climate change, financing, and forest preservation. Home to one of the largest forests of the world, DRC plays a pivotal role in carbon sequestration. Enhancing forest preservation management in addition to adopting policies to minimize carbon emissions, improving land use, and facilitating sustainable agriculture sector development are among the DRC’s key measures to improve biodiversity and mitigate climate challenges. Nonetheless, striking the right balance between sustainable development and climate objectives while unlocking additional external financing remain key. Reaching climate objectives is a shared responsibility and it would be important to find new ways to deliver assistance and energy to people.
Green energy, the mining sector, and local transformation The DRC is rich in transition minerals required for the development of green energy technologies. Finding a way to tap into those resources while managing the challenges associated with a mining-intensive economy is key. Enhanced transparency in the mining sector has been important. Fostering local transformation could bring in needed structural changes to promote economic diversification, strengthen job creation, and achieve meaningful progress in poverty reduction.
IMF YouTube Channel
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