The central bank focusing on efforts to develop a conducive green finance ecosystem, says governor Abdul Rasheed Ghaffour.
Bank Negara Malaysia governor Abdul Rasheed Ghaffour says the central bank’s mandate is to promote monetary and financial stability that is conducive to Malaysia’s sustainable growth.
Its governor Abdul Rasheed Ghaffour said BNM has been focusing on efforts to lay down relevant building blocks for a conducive green finance ecosystem to facilitate Malaysia’s transition to a sustainable economy.
BNM’s mandate, he reaffirmed, is to promote monetary and financial stability that is conducive to the sustainable growth of the Malaysian economy. In addition, he said investment activity will be supported by the continued progress of multi-year infrastructure projects and implementation of catalytic initiatives under the recently announced national master plans.On the ringgit, the governor said despite it having depreciated during the first half of 2023, the local note has begun to strengthen against the US dollar since July 1.
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