Ministry of Finance of the Republic of Croatia Elected as Co-Chair of the Coalition of Finance Ministers for Climate Action

On October 15, 2025, a delegation of the Republic of Croatia, led by H. E. Pjer Šimunović, Ambassador of the Republic of Croatia to the United States, participated in the 14th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action, held on the margins of the Annual Meetings of the World Bank and the IMF in Washington, D.C.

 

At the meeting, the Ministry of Finance of the Republic of Croatia was officially confirmed as the next Co-Chair of the Coalition of Finance Ministers for Climate Action. Croatia will take over this role from the Netherlands in April 2026, for a two-year term.

 

Deputy Prime Minister and Minister of Finance of the Republic of Croatia, Marko Primorac conveyed his video message to the gathering, expressing sincere gratitude to his colleagues for their confidence in the Croatian Ministry of Finance.

 

“The election of the Ministry of Finance of the Republic of Croatia as Co-Chair of the Coalition of Finance Ministers for Climate Action represents a significant international recognition of our country and confirms Croatia’s strong commitment to climate policies, the green transition, and the strengthening of international cooperation in the field of sustainable finance. We are deeply grateful to the Coalition Members, as well as to the Secretariat, for their strong leadership and support as we prepare for this new chapter“, Primorac stated on this occasion.

 

The Coalition of Finance Ministers for Climate Action is a global initiative that brings together 100 finance ministries, supported by 21 institutional partners and 9 knowledge partners, with the goal of strengthening capacity and knowledge sharing for more effective climate action through fiscal and economic policy tools.

 

Established in 2019, the Coalition of Finance Ministers for Climate Action includes countries that have endorsed the Helsinki Principles, thereby committing to:

 

1. Aligning policies and practices with the Paris Agreement;

2. Sharing expertise and best practices;

3. Implementing effective carbon pricing;

4. Integrating climate change into fiscal policy planning;

5. Mobilizing private sector financing for climate action;

6. Actively contributing to the preparation and implementation of Nationally Determined Contributions (NDCs).

 

The Co-Chairs of the Coalition of Finance Ministers for Climate Action are selected from both developed and developing countries. The current Co-Chairs are the Netherlands and Uganda. Their role is to provide strategic direction to the work of the Coalition, represent it at global forums such as the World Bank and IMF meetings, and UN climate conferences. The Co-Chairs work closely with the Coalition Secretariat, hosted by the World Bank and the IMF in Washington, D.C., and Paris.