Moreover, the Bank participates in the Central Banks and Supervisors Network for Greening the Financial System (NGFS), aiming to enhance the role of the financial system in managing climate and environmental risks, analyse the macro-financial impact of climate change and strengthen the global response to the threat of climate change.
Broadly speaking, economic integration occurs through three channels, viz., movement of people, goods and services, and movements in capital and financial services. The most notable achievement of recent globalization is the freedom granted to some, if not all, from the tyranny of being rooted to a place and the opportunity to move and connect freely.