Costa Rica expresses interest in sustainable finance as a mechanism to strengthen its efforts for sustainable development

21 October 2016

On October 11th, UNEP FI, UN-REDD Programme and INCAE met with the National Council of Financial System Supervision (CONASSIF) of Costa Rica to discuss about Sustainable Finance. CONASSIF manages the General Superintendence of Financial Institutions (SUGEF), the Superintendence of Securities (SUGEVAL), the Superintendence of Insurance (SUGESE) and the Superintendence of Pensions (SUPEN).

The President of CONASSIF, the Vice-Minister of Finance, the President of Central Bank, the Superintendent of SUGEF, the Superintendent of SUGESE, among other Costa Rican authorities in the financial sector, attended the meeting and expressed interest in knowing how to adopt and promote sustainable finance.

Mr. Tomás Soley, the Superintendent of the Insurance Superintendence (SUGESE) indicated that SUGESE recently adhered as Supporting Institution to UNEP FI Principles for Sustainable Insurance (PSI) and that this has proved to be an excellent platform to be in with other Superintendences and insurers from all over the world, in which they have shared and learned many experiences from their peers.

Two days later after this high level meeting, UNEP FI/Ecobanking conducted an Environmental and Social Risk Analysis in-person training workshop, in collaboration with UN-REDD Programme, Sistema de Banca para el Desarrollo (SBD) and its main operators, and the Superintendence of Financial Institutions (SUGEF).