Inclusive Sustainable Finance Task Force
About this Task Force
The Inclusive Sustainable Finance (ISF) Task Force was established in January 2024 as an expansion of the inclusive finance work undertaken by the SBFN Task Force for Low-Income Countries. The ISF Task Force aims to enhance understanding regarding the design and execution of ISF frameworks for policymakers, regulators, supervisors, and industry associations in Emerging Markets. Through the analysis of Member policy innovations and the exchange of experiences in developing inclusive financial risk management and sustainable financing (SF) measures, the Task Force will investigate and record how SBFN Members foster inclusivity within their SF frameworks, thereby improving SF policy formulation. Additionally, the Task Force will support capacity building efforts by offering Members a range of policy alternatives and strategic decisions to facilitate the attainment of their sustainability objectives.
Main Activities:
- Conduct an inquiry to document ISF definitions, strategies and good practice measures from an emerging markets perspective;
- Identify changes in strategy and emerging trends in SF that promote inclusive practices across the financial sector, including in the area of access to social and green finance for micro, small and medium-sized enterprises (MSME) as well as adaptation finance;
- Provide guidance to SBFN Members on the determinants of effective ISF measures that advance Financial Inclusion and mitigate unintended consequences such as exclusionary effects resulting from Net Zero disclosure requirements; and
- Facilitate capacity building activities based on the ISF Report to enable SBFN Members to better integrate dimensions of Financial Inclusion and Inclusive Finance into their SF measures.
The findings of the ISF Task Force in the form of a research paper were presented to the SBFN members at the 8th Global Meeting. The paper is currently being reviewed by SBFN members and external partners
Working Group Co-Chairs
Pia Bernadette Roman Tayag
Assistant Governor and Chief of Staff Office of the Governor Bangko Sentral ng Pilipinas
Samuel Tiriongo (PhD)
Director, Research and Policy Kenya Bankers Association
Beatriz Stuart Secaf
Sustainability Manager FEBRABAN
The Task Force is constituted by the following SBFN Members:
| Region | SBFN Member | |
|---|---|---|
| East Asia and Pacific | Bangko Sentral ng Pilipinas (BSP) | Co-Chair |
| Latin America and Caribbean | Brazilian Federation of Banks (FEBRABAN) | Co-Chair |
| Africa | Kenya Bankers Association | Co-Chair |
| South Asia | Bangladesh Bank | |
| South Asia | Central Bank of Sri Lanka | |
| East Asia and Pacific | Central Bank of Samoa | |
| South East Europe | Bank of Albania | |
| Middle East and North Africa | Central Bank of Egypt | |
| Middle East and North Africa | Central Bank of Jordan | |
| Middle East and North Africa | Central Bank of Tunisia | |
| Middle East and North Africa | Central Bank of Tunisia | |
| Middle East and North Africa | Association of Banks in Jordan | |
| Middle East and North Africa | Federation of Egyptian Banks | |
| Africa | Bank of Ghana | |
| Africa | Banking Association of South Africa | |
| Africa | Securities and Exchange Commission of Ghana | |
| Africa | South African Reserve Bank | |
| Africa | Tanzania Bankers Association | |
| Latin America and Caribbean | Central Bank of Paraguay | |
| Latin America and Caribbean | Eastern Caribbean Central Bank | |
| Latin America and Caribbean | National Banking and Insurance Commission Honduras |