markets back to its important role of being an efficient judge and jury of misguided macropolicy. since political mechanisms failed to be this kind of an effective mechanism of sanctions – the stability and growth pact is only one example – then it is even more important to strengthen market disciplining forces. again, what we need first are in - depth analysis on the underlying reasons of significantly changing transmission mechanism which effect even countries with sound and stable macroeconomic frameworks. the imf in close cooperation with other relevant financial institutions can play an important role also in this regard. the so called “ issing committee ” – advising the german government on financial stability issues – has pointed to the necessity to build up a global risk map, which would be an important element of an extended global monitoring by the imf and other relevant institutions. professor issing, former member of the executive board of the european central bank is heading this committee and we feel much honored that he has accepted our invitation to present an overview of the recommendations of this committee this evening. but let me first hand over to mr yi gang and his concluding remarks with the perspective of the people ’ s bank of china. bis central bankers ’ speeches

ahmet ismaili : opening speech – " sustainable finance forum " opening speech by mr ahmet ismaili, governor of the central bank of the republic of kosovo, at the sustainable finance forum, pristina, 5 october 2023. * * * dear, ms. zhang and mr. marquier, ifc representatives dear, mr. fuchs from swiss embassy dear, mr. balija from kba dear, eu ambassador szunyog board members of the central bank of the republic of kosovo government representatives representatives of the central banks, and saving associations donor, partners, and financial institutions dear, colleagues ladies and gentlemen it is my pleasure to open this forum and welcome you all to the first sustainable finance forum, co - organized by the central bank of the republic of kosovo, the kosovo banking association, international finance corporation and sustainable banking and finance network, in partnership with seco. sustainable finance is the new concept which has emerged from the environmental and climate changes, with associated risks and opportunities to the economies. following the adoption of the paris agreement on climate change and the un 2030 agenda for sustainable development in 2015, governments all over the world are making strides to transition to low - carbon and more circular economies on a global scale. republic of kosovo's environmental commitments are aligned with the eu strategy, and is was one of the six western balkan countries that signed the sofia declaration ( november 2020 ), where the countries acknowledged the european green deal, as a cornerstone for the green agenda for the western balkans ( gawb ). the energy strategy of the republic of kosovo 2022 - 2031, adopted by the parliament of the republic of kosovo, is led by a vision of : a sustainable energy sector integrated into the pan - european market, ensuring energy security and affordability for citizens. also, the strategy foresees by 2025 to complete all preparations for implementing a carbon pricing system and committed to achieve net - zero emissions by 2050. 1 / 3 bis - central bankers'speeches the republic of kosovo has adopted the program with imf " resilience and sustainability facility " ( rsf ) of sdr61. 95 million, to support climate change mitigation and adaptation actions, exploit synergies with other official support and help catalyze private investment in green energy. moving to a low - carbon or green economy would need extraordinary levels of fresh capital investment, notably in the form of green financing, to support activities that cut ghg emissions and