Yesterday the signing of a cooperation framework agreement between the Central Bank of Paraguay (BCP) and the WWF Paraguay (World Conservation Organization) took place.
The agreement was signed by the president of BCP, José Cantero, and the person in charge of the office of the General Management, Liana Caballero Krause, as well as the Executive Director of WWF in Paraguay, Aida Luz Aquino.
BCP, in its capacity as regulator and supervisor of the national financial system, has been deploying guidelines and training on good environmental and social practices, encouraging supervised financial entities to have knowledge about analysis, management and environmental risks and social networks linked to clients and projects, among other initiatives.
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WWF Paraguay has also been supporting various actors in the financial system, on issues related to the management of environmental and social risks and continues to collaborate in the strengthening of different organizations and platforms. The work carried out seeks to get the financial sector to grant greater investment to sustainable projects and thus promote sustainability practices in the country's economy.
These initiatives are part of the CMI-Public Finance project, financed by Fundación Gordon & Betty Moore, which is implemented by WWF.
In Paraguay, this project aims to work with partners in the public finance sector and financial regulatory entities to increase green public capital in conjunction with financial institutions and financial sector platforms. This would make it possible to continue advancing with commitments to sustainability and adaptation to climate change, as well as strengthening links with broader global initiatives.
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