A platform for financial regulators and policymakers to provide policy leadership and regulatory guidance related to inclusive green finance.
Launched in 2019 in Kigali-Rwanda, IGFWG is working to develop green financial inclusion policy solutions while focusing on the communities most vulnerable to climate change. In response to the increasing interest from the AFI network, member institutions committed to work together and collaborate with partners in identifying, understanding and implementing inclusive green finance policy solutions.
AFIs inclusive green finance workstream is part of the International Climate Initiative (IKI) supported by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), based on a decision of the German Bundestag.
Najwa Mouhaouri , Bank Al-Maghrib
Veronica Bayangos, Bangko Sentral ng Pilipinas
The webinar discussed potential solutions to ensure that the economic recovery post COVID-19 is sustainable and how to integrate Inclusive Green Finance (IGF) policies in such a recovery. The webinar specifically focuses on the role of financial regulators in this process and how to develop strategic approaches to limit global environmental degradation and climate change, and to ensure that recovery plans do not lead to further exclusion. Considering how severely MSMEs have been affected by the pandemic, specific emphasis was on how to ensure that their recovery is inclusive.- Read More
The regulatory and supervisory environment is key in enabling innovative ways and mechanisms to reduce the climate insurance protection gap. Supervisors are well-placed to stimulate action that can strengthen resilience of the most vulnerable segments of the population against climate and disaster risks. By adopting proportionate regulatory and supervisory approaches, they can foster supply and demand of climate risk solutions. In addition, supervisors can play an important role in ensuring the incorporation of responsible insurance solutions in national strategies on disaster risk management.- Read More