Private sector should double contribution in green financing: central bank governor
More finances should be mobilized, especially from the private sector for green transformation as part of the structural reforms and to converge developing economies toward the EU. IMF analyzes show that by 2030, the private sector’s contribution in green financing should increase from 40 percent to 80-90 percent in fast growing and developing economies. The role of central banks in supporting green transformation is increasingly evident in the past five years, including that of the National Bank, which has been reviewing the matter in a systemic way in the frameworks of its strategic goals.
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