2-3 minutes - Source: IMF
The International Monetary Fund (IMF) has joined the Paris-based Network for Greening the Financial System (NGFS) as an Observer. The NGFS is the only forum
“The IMF is pleased to join the NGFS as an Observer. This will allow us to contribute our institutional knowledge about the capabilities of central banks, financial supervision, and capital markets to help policymakers make far-sighted decisions that will help ‘green’ the financial system,” said Tobias Adrian, the IMF’s Financial
The NGFS was launched in December 2017 during the One Planet Summit in Paris. The network now includes 46-member institutions and 9 observers that participate in three different work streams related to mitigating climate risk: supervision, macro-financial issues, and
"I am pleased that the IMF has decided to join the NGFS. We look forward to working with the IMF to address the challenges for the financial system posed by climate change. The knowledge and global reach of the IMF is invaluable to accelerate the much needed greening of the financial system,’’ Frank Elderson, Chair of the NGFS, said.
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