Coordination of macroeconomic and macroprudential policies also needs to be strengthened through the integration of the IPF by the IMF with the Macro-Financial Stability Policy Framework (MFSF) developed by BIS.
Well, the BSP recognizes the crucial role it plays in driving investments that promote climate-resilient, green, and sustainable growth. In fact, the BSP has a two-pronged approach to promoting sustainable finance: 1) capacity building and awareness campaigns, and 2) enabling regulations. In capacity building, the BSP takes part in several domestic and international fora on sustainability.