From 25 to 27 June, Bangko Sentral ng Pilipinas (BSP) hosted AFI’s Pacific Islands Regional Initiative (PIRI) members for a peer learning exercise which explored the role of central banks in building financial systems that are inclusive, adaptive, and supportive of green transitions.

Experts from Reserve Bank of Vanuatu, Central Bank of Samoa, Reserve Bank of Fiji, Central Bank of Solomon Islands, National Reserve Bank of Tonga, Central Bank of Seychelles, and Maldives Monetary Authority participated in the visit, which was held in partnership with the Global Green Growth Institute.

“Green finance is not just smart policy; it is essential to a just and lasting future,” said BSP Deputy Governor, Bernadette Romulo-Puyat. “At BSP, we are integrating sustainability into our operations: from climate risk management and green finance incentives to biodiversity-sensitive policymaking and eco-friendly initiatives.”

AFI members discussed a range of topics, including ESG-aligned supervision and climate-informed macroeconomic modeling. They heard from Philippine institutions about their green finance efforts, and visited the Land Bank of the Philippines to see sustainable finance in practice.

LEARN MORE: in 2024, AFI’s PIRI members endorsed the Natadola Roadmap to Inclusive Green Finance (IGF) in the Pacific, which sets ambitious targets, including the development of regional IGF projects, enhanced knowledge and capacity building among members, and strengthened partnerships