Ugandan financial sector to strengthen climate resilience under EIB Global partnership with Bank of Uganda
Uganda, Oct. 21 -- The European Investment Bank Group's international development arm, EIB Global, and the Bank of Uganda (BoU) have signed a cooperation agreement to strengthen the Ugandan financial sector's ability to identify, manage and disclose climate-related risks - a key step towards mobilising more finance for green and climate-resilient investments.Under the agreement, EIB Global will provide technical assistance to help BoU develop a roadmap for greening the financial sector, strengthen its climate-risk disclosure framework and improve reporting by financial institutions. It will support the practical implementation of Uganda's National Green Taxonomy, launched in 2025 to provide a common definition of environmentally sustainable...
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