Webinar Presentation: Banking System and the Risks of Climate Change
7 December 2020 - The Making Finance Work for Africa Partnership and the African Development Bank hosted a webinar entitled: "Banking System and the Risks of Climate Change".
The objectives of the seminar were:
- Discussed the main climate-related risks that the banking system could face. These risks threaten the functioning of banking institutions as well as the stability of the financial system as a whole. African countries are particularly exposed as their economies tend to be more commodity-oriented and therefore sensitive to price fluctuations.
- Discussed the role of different actors that need to respond to climate risks, particularly central banks ; international financial institutions and the banking sector. Central banks can create an enabling environment for sustainable finance by imposing regulations and issuing guidelines. While the international financial institutions can help developing countries; by adapting their interventions.
The recording of the webinar is available here.