Tag: green bonds
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How the Philippines’ Central Bank Is Helping Financial Institutions Become Climate Resilient
Introduction: Climate risk as a financial imperative Climate change poses a systemic risk to the Philippines’ economy, threatening both growth and stability. The Bangko Sentral ng Pilipinas (BSP) has reframed this risk as an opportunity to build a more resilient financial system. While the country faces frequent river and coastal flooding and recent disruptions from…
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How the Philippines’ Central Bank Is Steering Climate-Resilient Finance
Introduction: A Financial System Prepared for Climate Change The Philippines faces increasing climate threats—from riverine floods to coastal storm surges. Recognizing that climate change is a systemic risk to the country’s financial stability, the Bangko Sentral ng Pilipinas (BSP) has positioned itself at the forefront of climate resilience. The central bank’s strategy blends risk management…