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8th Global Meeting of the Sustainable Banking and Funding Network
Sharifzoda Firuz Homiddin, First Deputy Chairman of the National Bank of Tajikistan, attended the 8th global meeting of the Sustainable Banking and Finance Network (SBFN) held in Rio de Janeiro, Brazil on September 11-12 on the sideline of the G20's Sustainable Finance Working Group (SFWG) meeting.
The event was attended by high-level speakers, including the leadership of the International Finance Corporation, central bank managers and financial regulators from Europe, Asia and SBFN member states, heads of regulatory agencies and industry associations in emerging markets, and representatives of leading international networks and international standard-setting organizations.
In the meeting, SBFN members learned about the strategic priorities and achievements of the SBFN working group, along with their global experience and efforts in fostering sustainable finance at both national and regional levels. They also examined key trends, opportunities, and challenges related to sustainable finance in emerging markets, culminating in a panel discussion.
During his visit, the First Deputy Chairman of the UN, Sharifzoda F.H., conducted individual meetings with Rong Zhang, the global coordinator of the SBFN, ESG, IFC, and World Bank Group, as well as with Makayo Witte, head of the department for sustainable finance, sustainable economic growth, and the global sustainable finance project at the German Agency for International Cooperation (GIZ)..
During the discussions, it was noted that the National Bank of Tajikistan, functioning as the overseer of the banking and insurance sector, has endorsed the Action Plan for executing the "Green Economy" Development Strategy in the Republic of Tajikistan. This initiative aims to promote economic growth through the sustainable management of natural resources, enhance living standards and quality of life for the populace, and achieve long-term environmental equity.
Sharifzoda F.H. stated that development partners, including IFC, the World Bank Group and GIZ, can contribute to the development of sustainable financing of the banking system of the Republic of Tajikistan by studying good international practices and promoting common goals, such as increasing the capacity of BMT employees in collecting green data, developing a plan the transition to green aspects, the development of the green bond market, the development of relevant documents related to environmental, social, corporate (ESG) management, the introduction of sustainable financing principles to solve the problems of poverty, climate change and other urgent issues, the development of standards, guidelines, rules and guidelines on environmental and social risk management for banks and financial institutions, to help develop guidelines for banks on providing preferential loans in the process of implementing the "green" economy.
The Sustainable Banking Finance Network (SBFN), founded in 2012, aims to promote sustainable financing in developing countries as a driver of stability and development. Recognizing the alignment with its own objectives and those of the Tajikistan banking system, the National Bank of Tajikistan formally joined SBFN on December 8, 2023.
NBT
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13.09.2024