Malawi's President Lazarus Chakwera has emphasised on the need for developed countries to finance Least Developed Countries (LDCs) in fighting and mitigating effects of climate change.
He said this Thursday at Kamuzu International Airport (KIA) in Lilongwe on arrival from Egypt where he attended Conference of Parties (COP27) World Leaders Summit on Climate Change.
Chakwera said the summit gave the Nation an opportunity to negotiate deals that would benefit the country.
The President said like other LDCs, the Nation stands to benefit from the climate finance expected to cushion food security and improve energy sector.
He said: “Climate financing is an issue that needs to be taken seriously, by those who have contributed in bringing climate change issues that have brought devastation to the world, particularly the least developed countries like Malawi. So we believe that we will get our due share.”
The President explained that during the summit he negotiated with developed countries and potential investors regarding climate change financing to help cushion the devastating impact of the climate change that the country has experienced.
While in Egypt, President Chakwera held a number of high-level discussions among them with World Bank, Afrexim Bank and International Renewable Energy Agency (IRENA) on issues of Energy Generation, Agriculture and climate change adaptation.