DILI, 11 november 2021 (TATOLI) – The Minister of Foreign Affairs and Cooperation (MNEC), Adaljiza Magno, urged the partners to provide funds to the least developed countries to assist them in responding to climate change.
Magno spoke in a statement, on the sidelines of ministerial-level dialogue and commitment sessions with the theme “Investing in Climate Adaptation for the Most Vulnerable: The Fund for the Least Developed Countries (FPMD) and the Special Fund for Climate Change. FEMC) )” which took place at the Scottish Events Campus, UK.
The event aims to exchange views on outcomes, benefits, and lessons learned, as well as discuss ways to promote timely and enhanced support for climate change adaptation.
Ministers from Least Developed Countries shared how the fund helped address some of their critical adaptation needs, and donors pledged to contribute to FPMD and FEMC.
During the event, Adaljiza Magno appreciated the assistance that Timor-Leste received by Fund for Least Developed Countries (FPMD) including ten million dollars in 2021 for adaptation and biodiversity projects in the country.
Government officials expressed concern that currently available resources are still outweighed by the adaptation needs to climate change in the least Developed Countries (LDC) and Small Island Developing Countries (SIDS).
“I urge all partners to continue donating funds to help less developed countries and small island developing countries that are vulnerable to climate change,” said Magno.
The document also stated that the fund plays a catalytic and innovative role in the climate finance landscape, follows the Paris Agreement, and is part of the operational entity of the Financial Mechanism for the United Nations Framework Convention on Climate Change (UNFCCC)
In the document, the organization assesses that these countries continue to face three threats: climate change, the COVID-19 pandemic, and loss of natural resources. Thus, the need for finance is growing to help build climate resilience, contribute to blue and green recovery, anticipate future risks, and rebuild their economies towards long-term prosperity.
Journalist: Afonso do Rosario
Editor: Rafy Belo
Translation: Camilo de SOusa