In a ceremony held on the 3rd of December 2021 in Karlsruhe, Germany, the UDBL became the first African DFI to receive the Karlsruhe Sustainable Finance Award in the category “Sustainability Leader of the Year”.
It is a proud moment for the national development finance institutions, not only in Africa but around the world, as it marks the beginning of their historic transformation that makes them the national nerve centers of creating a new economy – which is high income, high value-added, ecologically sustainable, socially inclusive, resilient and strong.
Last year, UDBL became a Sustainability Certified Development Finance Institution and as a result became one of the key driving forces for reducing poverty, building a sustainable food system and promoting sustainable industrialization in the country. It has successfully attended to the issues of governance, management and operations that have long hindered the performance of national DFIs worldwide.
UDBL today has emerged as a professional, innovative and specialized institution to drive the sustainable development agenda and a strategic partner of its government to create a strong economy and a prosperous nation. It is well on its way to become a role model for national DFIs globally.
Click HERE to see the message from Arshad Rab, Chairman, International Council of Sustainability Standards for Value-Driven Financial Institutions and CEO, European Organization for Sustainable Development, Germany on the occasion of the award ceremony.