Climate change and monetary policy: A tough conversation with African central bankers

A photo collage of Mr. Andrew Berg (L) Deputy Director of IMF's Institute for Capacity Development who was a key moderator at a recent high level climate change panel with Africa's central bankers in Kampala, Uganda's capital. From the left centre to right: Dr Louis Kasekende- former Bank of Uganda Deputy Governor and current Executive Director of the Macroeconomics and Financial Management, Institute of Eastern & Southern Africa, based in Harare, Zimbabwe, Suzana Camacho Monteiro, Angola’s central bank Board Advisor, and current Bank of Uganda Deputy Governor, Micheal Atingi-Ego.

Travelling in rural Uganda and interacting with the population whose farming activities are imperiled by unprecedented rainfall patterns, one is likely to hear farmers who have worked the same land for decades say, “The seasons no longer speak to us in a language we understand.” Such words captured by Bank of…