Statement delivered by H.E. Dier Tong Ngor, Minister of Finance, South Sudan
V20 MINISTERIAL DIALOGUE X
16 April 2023
H.E. Dier Tong Ngor, Minister of Finance, South Sudan
I think today’s dialogue marks a very important step in our efforts towards working for a more sustained change to address the climate change problems in our countries. This dialogue might therefore open more innovative sources of finance and financial architecture that better respond to the needs of our countries.
For South Sudan, the impact of climate change is real. The extreme flooding that has affected our country during the past three years has completely resulted in food insecurity because it sharply disrupted the crop cycle. And we did receive a disbursement from the IMF under the food shock window which helped the situation in a way.
But let me say, access to new and sustained sources of climate financing will play a crucial role in achieving the goals of the Paris Agreement and implementing the NDC mitigation and adaptation activities in South Sudan. It is estimated that South Sudan would require a total of $10 billion dollars for the implementation of all the NDC intervention and strategies over the next 10 years. And we will have made an explicit call that our country be provided with opportunities to access technical and financial support.
We look forward to have the Climate Prosperity Plans because it will help unlock the resources for strategic interventions taking both the climate change and social and economic development in our countries.
Chair, the four priority areas of the Accra-Marrakech Agenda are critical for unlocking new resources to deal with the climate emergency. South Sudan fully supports this agenda and looks forward to its finalization in Marrakech later this year.