Pacific central banks

Pacific central banks cooperate on climate change

The effort will involve the Network for Greening the Financial System, an international group of central banks co-ordinating work on climate change and fostering investment in green technology.

The Reserve Bank and eight other central banks in Australia, Fiji, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga and Vanuatu have also started a project to find ways to boost access to cheaper capital flows.