DFIs have role to reshape economy

Bank Negara assistant governor Adnan Zaylani Mohamad Zahid (pic) said this entails using financing to nudge businesses and consumers to adopt practices that promote resilience and good governance while growing sustainably and protecting the environment

KUALA LUMPUR: Development Financial Institutions (DFIs) can help reshape the economy towards prioritising the adoption of sustainable agenda as part of the post-pandemic rebuilding efforts.

Bank Negara assistant governor Adnan Zaylani Mohamad Zahid (pic) said this entails using financing to nudge businesses and consumers to adopt practices that promote resilience and good governance while growing sustainably and protecting the environment.

“The need for this is undeniable and inevitable. Increasingly, we see more of Malaysia’s industries and companies face scrutiny and challenges in their international business due to unsustainable and questionable practices,” he said during his opening address at the Association of Developmental Financial Institutions of Malaysia webinar on sustainable financing yesterday. — Bernama