AFI Executive Director Dr. Alfred Hannig on why central banks embark on inclusive green finance policies
“As advanced and emerging economies alike seek to draw the right conclusions from the pandemic, integrating sustainable policy responses, which promote the transition to a greener and more inclusive economy, are critical.” (G24/AFI Policy Roundtable, April 2021)
“While climate change deepens poverty, ample research shows that financial inclusion can build the resilience of individuals, whether to a sudden and extreme climate event or the gradual effects of varying rainfall patterns, sea-level rise or saltwater intrusion.” (Central Bank of the Future Climate Change & Financial Inclusion Roundtable, March 2021)
“The political will for inclusive green finance is paving the way for important policy innovations by financial regulators for a recovery that is both inclusive and green. This is essential given that climate change will be a source of future shocks that will require the building of financial resilience, especially for those at the bottom of the pyramid.” (ED’s Reflections, January 2021)
“Women’s livelihoods are dependent on sectors that are threatened by climate change, such as small holder agriculture and microbusinesses. It is important for us to have member institutions emerge as champions of and advocates for inclusive green finance as a priority area.” (RBF-AFI Joint Learning Program (JLP) on IGF, October 2020)
“The COVID-19 crisis offers opportunities to incorporate inclusive green finance into a recovery ushering in the dawn of a ‘new economy’ that is green, resilient and socially inclusive.” (ED’s Reflections, January 2021)
“Savings, credit, insurance, money transfers and new digital delivery channels can all provide vital support for those managing new environmental realities.” (Central Bank of the Future Climate Change & Financial Inclusion Roundtable, March 2021)
“Building resilience for future crises and risks, such as climate change, can be achieved by investing in low-carbon economies and in the well-being of the most vulnerable. This would enable a just transition that does not come at the expense of those at the base of the economic pyramid.” (ED’s Reflections, January 2021)