What is the Network for Greening the Financial System - NGFS?
The CBSM has begun the process of joining the Network for Greening the Financial System (NGFS), a network that brings together 138 central banks and financial supervisory authorities dedicated to adopting green finance policies and exchanging best practices and recommendations on their roles in combating climate change.
In this regard, the Central Bank included among the Policy Recommendations for 2023 in its recent Consensus Report the implementation of the NGFS guidelines.
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