In this respect, the BSP along with key agencies in the government have collaborated and created an inter-agency group that will institutionalize and facilitate the implementation of a roadmap for sustainable finance. The group is looking forward to adopting enabling policies that will promote sustainable finance. It also aims to facilitate investments in public infrastructure and mobilize funds to finance green or sustainable projects.
But in an integrated global economy, financial regulation has to rely on internationally agreed standards. To the extent that countries around the world are signing up to these standards, the conditions for growth in a financially stable environment are being reinforced globally. Of course, this does not mean that we should not look back and evaluate critically what has been done already.