The Bank of Mauritius has cemented a new strategic partnership to drive the development of sustainable finance across the country, joining forces with the Agence Française de Développement (AFD), the Delegation of the European Union, the Mauritius Bankers Association Limited, and Business Mauritius.
This collaboration is part of the “SUNREF – Cap sur la Finance Durable” Programme, a broader initiative aimed at aligning the Mauritian financial sector with global sustainability goals.
The programme is expected to enhance the country’s regulatory frameworks, build financial sector resilience, and encourage green investment. Central to the Bank’s role will be the integration of climate-related risks into monetary and financial oversight, as well as strengthening its own institutional capacity to address environmental challenges. The Bank will prioritise the development of robust climate risk models, the inclusion of climate risks in macroprudential policies, the closing of climate data gaps, and the continued expansion of its Climate Change Centre.
These efforts are designed to ensure Mauritius’ financial system remains resilient and adaptable in the face of growing climate challenges, while also supporting inclusive economic development. By aligning with international best practices, the Bank aims to futureproof the local financial ecosystem and support the transition to a greener economy.
Following the agreement signing, Bank of Mauritius first deputy governor Rajeev Hasnah said, “The Bank recognises that the future of financial stability and economic resilience is intrinsically linked to sustainability. This partnership underscores our commitment to embedding climate-related risks into the core of our monetary and financial stability frameworks, and ensuring a secure and sustainable financial system for Mauritius.”
The collaboration underscores Mauritius’ growing role in the global shift towards sustainable finance. With this new partnership, the Bank of Mauritius demonstrates its proactive stance in steering the country’s financial system towards environmental responsibility and long-term resilience.
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