Published: May 18, 2026
MONROVIA – The Central Bank of Liberia (CBL) has been admitted as a Plenary Member of the Network for Greening the Financial System (NGFS), marking a significant milestone in Liberia’s efforts to strengthen climate-responsive financial policies and advance sustainable economic development.
The decision was approved unanimously by NGFS members on April 10, 2026, in accordance with Article 7 of the organization’s Charter, which governs the composition and responsibilities of plenary members.
Founded during the One Planet Summit held in Paris in December 2017, the NGFS was established by a group of central banks and financial supervisors to support the goals of the Paris Agreement. It aims to strengthen the role of the financial supervisors to support the goals of the Paris Agreement in managing climate-related risks while mobilizing capital for environmentally sustainable growth.
Today, the NGFS has grown into a leading global platform comprising over 171 members and observers worldwide. It facilitates the exchange of best practices, supports cutting-edge research, and promotes the integration of climate and nature-related risks into financial regulation, supervision, and policy frameworks.
For Liberia, membership presents valuable opportunities to deepen collaboration with international peers and development partners. It will further enhance the CBL’s capacity to incorporate climate-related and environmental risks into key functions, including financial stability oversight, banking supervision, monetary policy implementation , and institutional planning.
This milestone aligns with the Central Bank’s broader reform agenda aimed at modernizing Liberia’s financial system and strengthening resilience to emerging global risks. The CBL has already conducted a national assessment on climate-related issues within the financial sector and developed a roadmap to guide implementation. Joining international platforms such as the NGFS was identified as a key recommendation of this roadmap.
The Executive Governor and members of the Board of Governors of the Central Bank of Liberia have welcomed the admission and expressed appreciation to the leadership and members of the NGFS for admitting Liberia into the network. They reaffirmed the Bank’s commitment to advancing sound climate policies and sustainable finance, while fostering knowledge-sharing and cooperation within the global financial community.
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