The Central Bank of Ecuador (BCE) announced its formal acceptance as a member of the Network for Greening the Financial System (NGFS), giving it access to a global network focused on climate and environmental risk management and intended to strengthen the institution’s technical capabilities. Created in 2017 to improve collaboration on climate-related financial risks, the NGFS supports member work on areas including supervision, climate scenario design, and the net zero emissions objective for central banks. The BCE linked its membership to broader national objectives on sustainable development and alignment with the Paris Agreement, and to promoting regulations that support financing for environmentally sustainable and economically resilient projects.
Central Bank of Ecuador 2025-09-26
Central Bank of Ecuador joins the NGFS to strengthen climate and environmental risk capabilities
The Central Bank of Ecuador has joined the Network for Greening the Financial System (NGFS) to enhance its climate and environmental risk management capabilities. The NGFS, established in 2017, aids members in supervision, climate scenario design, and achieving net zero emissions. The BCE's membership aligns with national sustainable development goals and the Paris Agreement, promoting regulations for environmentally sustainable financing.