Bank Negara governor Datuk Nor Shamsiah Mohd Yunus said: "For example, blended finance is a viable option for businesses that struggle with the impact of climate change and the losses from the pandemic."
KUALA LUMPUR: Financial institutions (FIs) need to think creatively to develop new and innovative solutions to fund sustainability projects; taking into account the current challenges faced by businesses and individuals, said Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus.
Speaking at the Joint Committee on Climate Change (JC3) flagship virtual conference on climate change on Wednesday, she said it would not be sufficient for FIs to use traditional instruments to meet the funding needs.
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