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Pakistan Shares Lessons on Inclusive Green Finance Policy Implementation with AFI Members

Pakistan Shares Lessons on Inclusive Green Finance Policy Implementation with AFI Members

From November 3 to 6, AFI (Alliance for Financial Inclusion) members from over 20 countries convened in Islamabad, Pakistan, for a joint learning program (JLP) focused on the practical implementation of Inclusive Green Finance (IGF) policies. Hosted by the State Bank of Pakistan (SBP), the program allowed participants to learn from Pakistan's experience in transitioning from IGF policy formulation to practical application. SBP Governor Jameel Ahmad highlighted that climate change presents both physical and transitional risks affecting financial positions, institution balance sheets, and overall financial stability. Pakistan has proactively addressed these challenges through initiatives like Green Banking Guidelines, a National Green Taxonomy, and climate-smart agriculture programs.

Pakistan Shares Insights on Implementing Inclusive Green Finance Policies

Pakistan Shares Insights on Implementing Inclusive Green Finance Policies

From November 3 to 6, AFI members from over 20 countries convened in Islamabad for a joint learning program (JLP) focused on the implementation of Inclusive Green Finance (IGF) policies. Hosted by the State Bank of Pakistan (SBP), the program allowed participants to learn from Pakistan's practical experience in transitioning from IGF policy formulation to tangible implementation. Pakistan, facing significant climate risks that impact its economic stability and financial inclusion, has proactively addressed these challenges through initiatives such as Green Banking Guidelines, a National Green Taxonomy, and climate-smart agriculture programs. SBP Governor Jameel Ahmad emphasized the importance of understanding and managing climate-related risks as part of regulatory and supervisory responsibilities. The JLP included local stakeholders and regulatory experts from various institutions, including the SBP, the Securities and Exchange Commission of Pakistan (SECP), and central banks from Fiji, Bangladesh, Papua ...

Personal Finance Technology Transforms Budgeting and Banking for U.S. Consumers

Personal Finance Technology Transforms Budgeting and Banking for U.S. Consumers

Personal Finance Technology Transforms Budgeting and Banking for U.S. Consumers

U.S. Department of the Treasury and IRS Designate Over 6,500 New Opportunity Zones

U.S. Department of the Treasury and IRS Designate Over 6,500 New Opportunity Zones

U.S. Department of the Treasury and IRS Designate Over 6,500 New Opportunity Zones

Nigeria Aims for $1 Trillion Economy by 2030 Through Financial Inclusion and Private Sector Partnership

Nigeria Aims for $1 Trillion Economy by 2030 Through Financial Inclusion and Private Sector Partnership

Nigeria Aims for $1 Trillion Economy by 2030 Through Financial Inclusion and Private Sector Partnership

IFC and Banreservas Partner to Boost Trade Finance for Dominican SMEs with $100 Million Credit Line

IFC and Banreservas Partner to Boost Trade Finance for Dominican SMEs with $100 Million Credit Line

IFC and Banreservas Partner to Boost Trade Finance for Dominican SMEs with $100 Million Credit Line

CETEx Research Examines Prudential Rules' Impact on National Development Banks' Climate Finance Mobilization

CETEx Research Examines Prudential Rules' Impact on National Development Banks' Climate Finance Mobilization

CETEx Research Examines Prudential Rules' Impact on National Development Banks' Climate Finance Mobilization

BIS and UNSGSA Workshop Explores Digital Innovation's Impact on Financial Health

BIS and UNSGSA Workshop Explores Digital Innovation's Impact on Financial Health

BIS and UNSGSA Workshop Explores Digital Innovation's Impact on Financial Health

GSMA Launches AI-Enabled Financial Health Fund to Boost Inclusion in Low- and Middle-Income Countries

GSMA Launches AI-Enabled Financial Health Fund to Boost Inclusion in Low- and Middle-Income Countries

GSMA Launches AI-Enabled Financial Health Fund to Boost Inclusion in Low- and Middle-Income Countries

APEC Finance Ministers Endorse Digital Infrastructure Financing Policy, Emphasize Consumer Protection

APEC Finance Ministers Endorse Digital Infrastructure Financing Policy, Emphasize Consumer Protection

APEC Finance Ministers Endorse Digital Infrastructure Financing Policy, Emphasize Consumer Protection

OECD Reports Strong Growth in African Capital Markets Amid Underdevelopment Concerns

OECD Reports Strong Growth in African Capital Markets Amid Underdevelopment Concerns

OECD Reports Strong Growth in African Capital Markets Amid Underdevelopment Concerns

Inter-American Development Bank Approves $15 Million Credit Program to Boost MSME Financing in Belize

Inter-American Development Bank Approves $15 Million Credit Program to Boost MSME Financing in Belize

The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved a $15 million global credit program aimed at expanding access to financing for micro, small, and medium-sized enterprises (MSMEs) in Belize. This initiative, announced from Washington, will support the establishment of Belize’s first guarantee fund for MSMEs, designed to mobilize medium- and long-term financing from local financial institutions. The program seeks to enable longer loan tenors that are better aligned with the growth needs of businesses. MSMEs are a vital component of Belize’s economy, constituting 90% of all businesses and generating 50% of private-sector employment and income. Despite their economic importance, only 18% of MSMEs currently have access to a loan or line of credit from a financial institution, highlighting significant gaps in the local credit market.