1945

Foreword

image of Foreword

The financial system underpins growth and development. In 2008 we witnessed some of the world’s most sophisticated financial systems spawn the worst global financial crisis seen in decades. As markets in some developed countries collapsed, others in both developed and developing nations were inevitably dragged down. In the wake of this global financial crisis, recognition has grown that the financial system must be not only sound and stable, but also sustainable in the way it enables the transition to a low-carbon, green economy. Therefore to achieve the sustainable development we want will require a realignment of the financial system with the goals of sustainable development.

Related Subject(s): Environment and Climate Change
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