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Malawi Climate Change Fund in the offing

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A Rwandan expert who is in the country to share experience in the establishment of a Climate Change Fund has tipped Malawi to put in place a board of investors to ensure transparency and accountability in usage of the funds.

Alex Mulisa, Coordinator for the Rwandwan Green Fund/FONERWA, is in a delegation of experts from Rwanda who have partnered with Malawi to provide technical support and share experiences in the establishment of the fund in Malawi.

This comes at a time Malawi is taking steps in establishing its own Climate Change Fund as a measure to cope with the adverse effects of climate change as well as building resilience.

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The advice comes against a background of various government companies and departments being faulted for misuse of funds mainly for political reasons. Recently, the Malawi Energy Regulatory Authority (Mera) was faulted for releasing money from the Price Stabilisation Fund towards the purchase of maize at Admarc and the Technical Entrepreneurial and Vocational Education and Training Authority’s (Teveta)’s controversial aiding of K258 million to Ndi Tsogolo Langa, a local organisation.

Mulisa, however, pointed out that political will is crucial in dealing with corruption and misuse of funds in such structures as is the case in Rwanda.

“In Rwanda, we put measures right from the outset that ensure that the fund is well managed and achieves high levels of transparency and accountability and we have established a board where investors of the fund are part of the decision making in terms of the proposals that are going to receive funding” Mulisa said.

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He pointed out that Malawi’s situation is similar to Rwanda’s which will simplify implementation of the fund in the country while drawing lessons from Rwanda.

Minister of Natural Resources, Energy and Mining, Bright Msaka, said the initiative is paramount to ensure that Malawi prevents recurrence of recent disasters that affected many Malawians and livestock.

“The 2015 floods affected 15 districts in the country, about 1.1 million people were affected, the government spent more than $335 million and another $494 million for recovery and reconstruction. Last year, we experienced a drought affecting over six million people and we spent over $380 million,” Msaka said.

“From the statistics, climate change does not only affect lives and livelihoods but also erodes the social economic development gains that we have spent so much time and resources to build,” Msaka added.

United Nations Development Programme, Deputy Resident Representative, Claire Medina, emphasised that the fund will help Malawi enhance climate resilient behaviour.

“This is important to Malawi in the sense that it will generate revenue for climate change action in Malawi which will be used to invest in game-changing environmental sustainable projects in the country” Medina said.

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