The Bank of Mauritius has formally entered into a strategic partnership with the Agence Française de Développement (AFD), the Delegation of the European Union, the Mauritius Bankers Association Limited, and Business Mauritius to implement the SUNREF – Cap sur la Finance Durable programme, aimed at advancing sustainable finance in the country.
The collaboration seeks to enhance Mauritius’ financial ecosystem by strengthening regulatory frameworks, building sectoral capacity, and encouraging environmentally sustainable and inclusive economic investments.
As part of the initiative, the Bank of Mauritius will prioritise the development of tools to manage climate-related financial risks. This includes the creation of climate risk models, the integration of such risks into macroprudential and regulatory frameworks, the closure of climate data gaps, and continued support for the Bank’s dedicated Climate Change Centre. These measures are designed to ensure the resilience and sustainability of the financial system in line with international best practices.
Speaking at the signing of the agreement, First Deputy Governor Rajeev Hasnah said: “The Bank recognises that the future of financial stability and economic resilience is intrinsically linked to sustainability. 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.”
The SUNREF – Cap sur la Finance Durable programme represents a milestone in Mauritius’ transition towards a greener financial sector. Through this alliance, the Bank of Mauritius reiterates its dedication to sustainable finance innovation and alignment with global standards.
