The World Economic Forum’s 2022 Global Risks Report has identified extreme weather and climate action failure among the risks that have worsened the most since the start of the COVID-19 crisis. Page - 10 - of 13  Financial institutions play an important role in climate change adaptation and mitigation through the provision of funding.
In furtherance of a more effective and efficient oversight, the Bank of Mauritius holds trilateral meetings with the banks and their external auditors on an annual basis after the publication of the audited financial statements to review the financial results and discuss any issue of concern.