In a statement issued on 24th July, the Bank of Mauritius has confirmed its admission as a member of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The NGFS’ mission is to help strengthening the global response required to meet the goals of the Paris agreement, providing an unprecedented platform to its members with a platform for sharing experience and best practices relating to climate risk management in the financial sector.

The BOM’s adhesion to the NGFS is a testimony of its commitment to further integrating the climate agenda into its banking sector transformation strategy.

About the NGFS

Its purpose is to help strengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development. To this end, the NGFS defines and promotes best practices to be implemented within and outside of the Membership of the NGFS and conducts or commissions analytical work on green finance. For more information about the NGFS, please visit their website by clicking Here