Arab Green & Sustainable Finance Network (AGREFIN)
Overview of the Arab Green and Sustainable Finance Network
The Arab Green and Sustainable Finance Network (AGREFIN) serves as a platform for knowledge sharing, the exchange of expertise, and coordination on sustainable finance issues. It brings together officials from ministries of finance, central banks, and capital market authorities, alongside experts from international partner institutions, to support the development of green and sustainable finance policies and practices and raise awareness of climate-related risks.
The Network aims to strengthen the financial system’s role in managing climate change risks, mobilizing finance for green and low-carbon investments, and supporting the circular carbon economy and energy security within the framework of the Sustainable Development Goals. It also contributes to coordinating Arab countries’ positions on international initiatives related to climate change and energy security.
AGREFIN’S Secretariat
The Arab Monetary Fund serves as the Technical Secretariat of AGREFIN, organizing its meetings and coordinating the preparation of working papers and studies in collaboration with Network members for presentation to the Council of Governors of Arab Central Banks and Monetary Authorities.
Through the Network, AMF supports Arab countries in integrating sustainability into their financial systems, developing policies that promote green and sustainable finance, managing climate change risks, and advancing the transition towards a circular carbon economy.
Promoting Sustainable Finance Practices
Collaborating with policymakers, regulators, and relevant stakeholders to support the implementation of green and sustainable finance rules and practices.
Carrying out Studies and Research
Preparing and publishing studies and reports on green and sustainable finance in Arab countries, analyzing trends and challenges, reviewing good practices, and providing recommendations to improve relevant policies and practices.
Leveraging partnerships and global expertise to promote Green Finance practices
Exchanging knowledge and expertise with regional and international institutions to benefit from global experiences and practices in green and sustainable finance.
Promoting Sustainable Finance Policies
Raising awareness of sustainable finance, developing specialized capacities through training, and supporting regulatory frameworks that encourage the adoption of sustainable finance practices.
Developing Partnerships
Developing partnerships with relevant institutions to implement joint initiatives supporting green and sustainable finance across Arab countries.
Monitoring and Evaluating Progress
Monitoring progress in advancing green and sustainable finance practices across Arab countries using performance indicators and applying evaluation findings to improve the Network’s activities and achieve its objectives.
Targeted Activities in Green and Sustainable Finance
AGREFIN focuses on developing data and indicators, preparing research and guidelines, organizing events, and supporting the development of green and sustainable finance instruments, in coordination with AMF initiatives and relevant working groups.
Arab Green Finance Events
Organizing high-level meetings and events, such as Arab Green Finance Day, recognizing leading efforts in Arab countries, and acknowledging outstanding performance in green financial instruments.
Green Finance Data Platform
Creating a green finance database under the ARABSTAT initiative.
Sustainable Finance Infrastructure
Strengthening sustainable finance infrastructure across Arab countries.
Green Finance Index
Developing a regional index for green and sustainable finance.
Research and Publications
Publishing working papers and studies on green and sustainable finance.
Green Investment Framework
Strengthening frameworks for green investments, bonds, Sukuk, and insurance.
Islamic Green Finance
Promoting the role of Islamic finance in supporting green and sustainable financial instruments.
Guidelines and Standards
Developing regional guidelines and concepts for green and sustainable finance.
Annual Climate Report
Publishing an annual report or policy brief on climate-related developments and Arab countries’ initiatives in this area.