SINGAPORE’S AMBASSADOR FOR CLIMATE ACTION RAVI MENON VISITS BSP[/font][/font][/size]
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Singapore's[/color]
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Ambassador for Climate Action, Ravi Menon, visited the Bangko Sentral ng Pilipinas (BSP) on 20 August 2025 as the featured speaker in a Leadership Insights Session at BSP's Head Office in Manila. The session brought together Monetary Board members and senior BSP officials for a strategic exchange on the evolving role of central banks in addressing climate and sustainability challenges.[/font][/color][/font][/size]
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Drawing from both his current role and tenure as Managing Director of the Monetary Authority of Singapore (2011-2023), Ambassador Menon shared insights on climate leadership, regulatory innovation, and regional cooperation. He emphasized that[/color]
climate risks are now central to financial central banking mandates [/font]
and underscored the role of financial regulators in managing these risks. He also highlighted opportunities for sustainable growth through clear policy direction and credible market signals.[/font][/color][/font][/size]
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The session featured an open discussion with key themes such as:[/color][/font][/size]
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the importance of regional collaboration in addressing transboundary climate risks,[/color][/font][/size]
the need to balance adaptation and mitigation efforts in line with country context, and[/color]
the imperative of improving climate data and risk understanding across all sectors.[/font][/color][/font][/size]
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Ambassador Menon also highlighted that climate action requires collective responsibility, with central banks, financial institutions, governments, and civil society working together to accelerate the transition to a climate-resilient and sustainable future.[/color][/font][/size]
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His visit reflects a shared regional commitment to strengthen climate resilience and green finance through leadership, knowledge exchange, and strategic collaboration.[/color][/font][/size]
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