UDB in Green campaign for sustainable economy

By Agencies

Uganda Development Bank Limited (UDBL) has joined other organizations in putting pen to paper their commitment towards the Karlruhe Resolution.

The crafting of the “Karlsruhe Resolution” was a joint undertaking of the European Organization for Sustainable Development, the Association of Development Financing Institutions in Asia and the Pacific, the Association of African Development Finance Institutions and the City of Karlsruhe, Germany.

‘’We strongly believe that this commitment by Uganda Development Bank Limited will go further in strengthening our competitiveness and engagement with the private sector in pursuit of economic growth,’’ Ms Patricia Ojangole, the chief executive officer UDBL, said.

The resolution calls on governments and regulators to create policy frameworks that promote investments in innovation that will contribute to creating a green, inclusive and sustainable economy and calling for a collective global action to ensure a level-playing field for all financial sector players.

The delegates to the seventh Global Sustainable Finance Conference, SDGs and COP21, collectively referred to as Agenda 2030, signed the Karlsruhe Resolution in Germany recently.

Mr Gabriel Ajedra Aridru, the State minister for Finance, who presided over the function, pledged to support the cause. The Karlsruhe Resolution stresses the role of the financial services industry in achieving the UN-backed Sustainable Development Goals and the Paris Climate Agreement projects in their respective countries.

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