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Manuel joins UN financial group

Mar 09 2010 18:59 Print this article  |  Email article

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Johannesburg - Minister in the Presidency responsible for National Planning, Trevor Manuel, has been appointed as a member of the High-Level Advisory Group on Climate Change Financing established by UN Secretary-General Ban Ki- Moon.

The group was launched in February this year to mobilise financing for assisting developing countries in combating climate change.

The Group of 19 experts will be co-chaired by British Prime Minister Gordon Brown and Ethiopian Prime Minister Meles Zenawi.

Manuel joins other high-level officials from Ministries and Central Banks as well as experts on public finance, development and related issues. Members include Guyanan President Bharrat Jagdeo Norwegian Prime Minister Jens Stoltenberg.

The group will study potential sources of revenue for financing mitigation and adaptation activities in developing countries. The group is also tasked with creating practical proposals to boost both short and long-term financing for mitigation and adaptation strategies in developing countries.

The group is scheduled to hold its first meeting in London on 29 March. It is expected to issue initial outputs before the UNFCCC in full negotiating session that will be held from 31 May -11 June 2010 in New York.

- I-Net Bridge

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