Lagos, Nigeria. February 25, 2014 –
IFC, a member of the World Bank Group, and the Central Bank of Nigeria
will host the second International Sustainable Banking Forum on March 3-4,
2014, in Lagos, Nigeria. The Forum will serve as a platform to share international
and local experience and best practice on sustainable banking, and to build
partnerships to support sustainable banking in emerging markets.
The Forum will bring together policymakers
from governments, multilateral development banks, financial institutions,
civil society organizations, and technical institutions, to share insights
and ideas on sustainable banking.
Dr. Sara Alade, Acting Governor, Central
Bank of Nigeria said “The financial sector in emerging markets has a critical
role to play in fostering sustainable economic growth. We are partnering
with IFC to create knowledge sharing through the Forum and generate critical
guidance on environmental and social risks management for banks and other
Sustainable banking helps banks and financial
institutions better understand the benefits and risks of environmental
and social impacts of their investments and loans. It provides a framework
for them to further integrate these considerations into their policies,
operations and procedures. This creates environmental and social
responsibility in the financial sector and adds long-term value for clients
and other stakeholders.
Solomon Adegbie-Quaynor, IFC Country Manager
for Nigeria, said, “The Forum will bring together representatives from
the Nigerian financial sector with colleagues from all over the world.
It is a great opportunity to promote principles within the industry that
advance sustainable business growth and economic development.”
The International Sustainable Banking Forum
is a voluntary platform of bank regulators and banking associations established
to facilitate knowledge sharing and development of standards, policies
and guidelines on environmental and social risk management for regulators
in emerging markets. The Network members currently include Bangladesh,
Brazil, China, Colombia, Indonesia, Lao, Mongolia, Nigeria, Peru, Philippines,
Thailand and Vietnam.
IFC, a member of the World Bank Group, is
the largest global development institution focused exclusively on the private
sector. Working with private enterprises in more than 100 countries, we
use our capital, expertise, and influence to help eliminate extreme poverty
and promote shared prosperity. In FY13, our investments climbed to an all-time
high of nearly $25 billion, leveraging the power of the private sector
to create jobs and tackle the world’s most pressing development challenges.
For more information, visit www.ifc.org