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Ahmetaj: Albanian Financial System Ready for Climate Challenges

Deputy Governor Natasha Ahmetaj attended the National Climate Finance Conference, organized by the Ministry of Environment and the Urban Research Institute, with UNESCO support.

First, she highlighted the Bank’s commitment to integrating climate and transition risks into financial and monetary stability. She emphasized that these risks are real challenges for banks and the national economy.

Moreover, she stated, “The Albanian financial system is prepared for climate challenges.” She cited achievements from the First Green Strategy 2022–2025, including the creation of a green finance working group, development of climate and financial indicators, risk exposure assessments, and the first transition risk stress test.

Building on this, the Bank is drafting the Second Green Strategy 2026–2028. It will focus on deepening climate risk integration in supervision, advancing analytical research, and strengthening sustainable finance development.

In addition, Ahmetaj stressed the National Green Taxonomy. This initiative creates a common framework for sustainable economic activities, reduces greenwashing, and supports green financial products in Albania.

Finally, she affirmed that the Bank remains committed to making the financial system more resilient, sustainable, and active in supporting the green transition.

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RTI