Pakistan launches Paris-Aligned Finance Fellowship to boost climate-smart banking
ISLAMABAD: Pakistan has launched a groundbreaking initiative to align its financial sector with global climate goals through the Paris-Aligned Finance Fellowship that is set to begin in mid-October, the country’s central bank said on Thursday.
The program, financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ Pakistan in collaboration with the State Bank of Pakistan (SBP), aims to build the capacity of financial institutions to manage climate risks and unlock green investment.
As global trade and investment increasingly demand low-carbon and sustainable practices, the fellowship positions Pakistan’s financial sector to support businesses in adapting to changing market requirements. By embedding climate and sustainability principles into financial strategies, the initiative is expected to promote economic resilience and competitiveness.
A key outcome of the fellowship will be the creation of a community of practice among financial institutions to collaborate on advancing climate finance in Pakistan. Organizers hope the program will catalyze long-term changes in banking and investment practices, supporting projects that enhance climate resilience, foster green exports, and contribute to sustainable growth.
