Burkina Faso: Climate finance problem at the heart of a national workshop

It opened this Tuesday, July 5, 2022 in Ouagadougou, a national workshop on climate finance access capabilities and information on the multi-actor partnership on climate risk and disaster financing. This meeting will take place over two days and will serve as a platform for the actors to exchange between them in the goal of finding perennial and durable solutions to the effects of climate change.

Burkina Faso is one of the countries in West Africa affected by extreme climatic events such as droughts and floods. These cause significant losses and prejudices to the production systems and the economic sector as a whole. Although it has the legislative, strategic and political frameworks to deal with the problem, Burkina Faso has little expertise in finance and climate insurance.

To this we must add the weak commitment of the actors in the process of climate negotiation and advocacy. This 48 -hour meeting (July 5-6), according to the president of the NGO Women environment program (WEP), Zénabou Segda, represented, is a platform for actors to exchange among themselves in the goal of finding solutions. and resilient to the effects of climate change and to contribute to the building of a civil society, and peasant organizations united to claim, participate in decision -making.

The WEP NGO has undertaken several OSC capacity building actions for access to climate finance since 2019

The holding of this workshop, I believe, will allow to reflect and engage in synergies of action to address the challenges of climate change. The WEP Burkina NGO is the cornerstone of this workshop with the financial support of its partners. Since 2019, it has undertaken several capacity building actions of OSCs for access to climate finances and is committed to accompanying national organizations in capacity building on current environmental issues.

From the commitment of all

For the head of studies at the Ministry of the Environment, Fiédi Hakiékou, representing the Minister, it is necessary to act because the situation is even more alarming in Burkina where the largest part of the population is rural and directs their incomes and means of subsidizing the exploitation of natural resources. The mobilization of financial, material and technological resources is increasingly pressing. Anything that will allow the country to fight the climate crisis effectively and resiliently through high -impact actions, as well as the actions required in the climate negotiation process, believes Mr. Hakiékou.

We have to act because the situation is even more worrying in Burkina, said Mr. Hakiékou

He supported that our country’s international commitments have led to major political and institutional reforms including, among others, the adoption of a nationally defined contribution, the adoption of a national climate change adaptation plan for strengthening. of resilience in the face of climate. “The implementation of actions defined in the planning document requires substantial investments and in particular the diversity of existing opportunities. Access to climate and disaster risk financing and insurance mechanisms represents a huge challenge for our country, ”he said.

Before taking leave, the minister’s representative took a family photo.

It also requires, he added, good knowledge on the part of all parties including OSCs, cooperative companies of procedures and requirements of mechanisms as well as the implementation of advocacy actions at the local, national and international. These things could not have been possible, he advised, without synergy of actions between governments, territorial communities, the private sector, OSCs and technical and financial partners. “For my part, I remain convinced that it is with concrete actions and full synergy that we will succeed in reversing the trend by truly moving towards access to financial and insurance mechanisms at the national and local level,” he concluded. .

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