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IFC Commends CBN Over Banking Reforms

Godwin-Emefiele
H.M. Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and IFC’s Managing Director, Makhtar Diop, during the opening of the 7th SBFN Global Meeting

By Emma Ujah, Abuja Bureau Chief

February 28, 2018 — ABUJA—The International Finance Corporation (IFC) has commended the Central Bank of Nigeria (CBN) for implementing sustainable banking principles in the country.

Nigeria has introduced banking reforms to expand sustainable lending, becoming one of 34 emerging markets that are becoming a major force in driving development and fighting climate change, according to the first comprehensive Global Progress Report of the Sustainable Banking Network, an IFC-supported organization of banking regulators and associations.

The report was released in Washington, United States of America, yesterday, according to a statement by the World Bank Country Office in Abuja. Read more