The Greening Financial Systems Programme was officially launched in Ethiopia today by Ethiopian and international partners at the Ethiopia Finance Forum.
This transformative initiative aims to strengthen the resilience of Ethiopia’s financial sector to climate change by embedding climate risk into regulatory frameworks, advancing climate-related disclosures, and supporting the financing of sustainable projects across the country.
The National Bank of Ethiopia: Driving the green finance agenda
At the heart of this initiative is the National Bank of Ethiopia (NBE), which is spearheading efforts to integrate climate considerations into the core of the financial sector. Recognizing the growing risks climate change poses to financial stability, the NBE is undertaking a strategic reform to align Ethiopia’s financial system with national climate objectives and international sustainability standards.
Demonstrating its strong institutional commitment, the NBE has established a high-level internal oversight and coordination team to guide the implementation, monitor progress, and ensure effective follow-up of the GFS Programme. This team brings together senior experts from across the Bank to oversee integration of climate risk considerations into supervisory frameworks and to coordinate with stakeholders on the development of green finance tools.
