Report on Financial Capability and Wellbeing of Fijian Households to be Launched

April 16, 2010

A report on the financial capability, financial competence and wellbeing of rural Fijian households will be launched in Suva on April 19. The report measures how the wellbeing of households have been affected in rural Naitasiri with financial literacy training and banking services provided through the United Nations Development Programme(UNDP)/ ANZ Rural Financial Services Initiative in Fiji.
The report contains findings of a survey conducted in 2007/08, some 18 to 24 months after the introduction of training and banking services, by the UNDP Pacific Centre in conjunction with Massey University (New Zealand) and the National Centre for Small and Microenterprise Development (NCSMED).The survey, a first using a quantitative methodology, was conducted in 25 villages in the Naitasiri Province involving interviews with both the male and female principal financial decision maker in each household. The findings are considered to be also representative of other rural communities in Fiji.
UNDP is continuing with its work in the area of financial literacy and the broader area of facilitating financial inclusion through the current Pacific Financial Inclusion Programme (PFIP). UNDP and UNCDF have teamed up with the European Union and AusAID and through PFIP are working with other development partners to promote financial inclusion in the Pacific.
The report, “Financial Capability, Financial Competence and Wellbeing in Rural Fijian Households” will be launched on April 19, at the Naboulikula Room, Level 5, ANZ House in Suva. UNDP Resident Representative and UN ResidentCo-ordinator, Knut Ostby, as well as ANZ CEO, Central Pacific Norman Wilson, will speak at the launch event.