BoN officially a member of Network for Greening the Financial System

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In a move to support sustainable economic growth and combat climate change, the Bank of Namibia has officially become a member of the Network for Greening the Financial System (NGFS).

This network, composed of central banks and financial supervisors, aims to promote environmentally responsible management within the financial sector.

As of December 2023, the Bank of Namibia (BoN) was inducted as a plenary member, standing alongside 134 other members and 21 observers, to foster a collective response to meet the Paris Agreement's objectives.