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Pakistan Learns From the Reserve Bank of New Zealand’s Experience in Climate-Smart Agriculture Finance
On 24 September, the State Bank of Pakistan (SBP) and the Reserve Bank of New Zealand (RBNZ) participated in an AFI-hosted Inclusive Green Finance (IGF) peer learning event on climate-smart agriculture (CSA) finance.
Pakistan is one of the most climate-vulnerable nations in the world, and agriculture is the backbone of its economy. SBP sought to learn from RBNZ – one of a small group of central banks currently spearheading CSA financial regulation – how it can protect its smallholder farmers from climate risks and support banks eager to finance climate-friendly farming.
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