The Bank of Mauritius will embed climate-related risks into regulatory and financial stability frameworks.
Strategic partnership includes EU and AFD support to develop sustainable finance tools and build institutional capacity.
Programme aligns Mauritius’ financial system with international standards in resilience and sustainability.
The Bank of Mauritius has entered a strategic partnership under the SUNREF – Cap sur la Finance Durable programme to strengthen its sustainable finance framework. Backed by the Agence Française de Développement (AFD), the Delegation of the European Union, the Mauritius Bankers Association Limited, and Business Mauritius, the initiative is designed to embed climate risk into the core of the country’s financial system.
Key focus areas include the development of climate risk models, integration of these risks into regulatory and macroprudential frameworks, and improved access to climate-related data. The Bank will also continue to expand the role of its Climate Change Centre to support this transformation.
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“The Bank recognises that the future of financial stability and economic resilience is intrinsically linked to sustainability,” said First Deputy Governor Rajeev Hasnah.
“This partnership underscores our commitment to embedding climate-related risks into the core of our monetary and financial stability frameworks, and ensuring a secure and sustainable financial system for Mauritius.”
This collaboration marks a significant step in aligning Mauritius’ financial ecosystem with global ESG expectations. By reinforcing sectoral capacity and encouraging sustainable investment, the partnership aims to future-proof the island’s economy while attracting international capital with robust ESG credentials.
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