2015

Balance sheet expands for credit institutions

Balance sheet expands for credit institutions

December 29, 2015

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FIJI continues to be a trailblazer in financial services in the Pacific region, being the first to introduce electronic social welfare payments, launch of mobile-money on cellphones, mainstreaming of financial education in the school curriculum and introduction of micro insurance products for the poor. The recent Fiji Financial Services Demand Side Survey report provides Government...

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Financial Inclusion

Financial Inclusion

December 27, 2015

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THE Australian Government will continue to work closely with the Fijian Government and the private sector to improve women’s economic empowerment through financial inclusion says Australian High Commissioner to Fiji Margaret Twomey. Ms Twomey says a deeper understanding of the financial needs of women and the barriers women face in accessing financial services will be...

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Financial Services Lacking in PNG

Financial Services Lacking in PNG

December 22, 2015

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A joint report by the Bank of PNG and the World Bank has found that most rural communities have no available financial services, and rural villagers travel distances to access a bank branch or ATM, automatic teller machine. Those especially lacking are women and rural Papua New Guineans who do not own any formal financial...

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Ability to empower people

Ability to empower people

December 19, 2015

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November 13, has been a long day for some of us who came together to strategise on a way forward for financial inclusion in Fiji and it has been a pleasure to note the support we have received from all stakeholders. We will witness some inspirational examples of microfinance entrepreneurship. The National Microfinance Awards is...

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Rural PNG Lacks Financial Literacy

Rural PNG Lacks Financial Literacy

December 19, 2015

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By Colleen Barilae – EMTV News, Lae A survey on the level of financial knowledge among rural populations in Morobe and Madang, conducted by the Bank of Papua New Guinea and the Institute of National Affairs, has revealed that there is lack of understanding on banking systems. It now recommends an improvement for customers’ understanding...

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FOR MORE INFORMATION

or media inquiries please contact:
Erica Lee
Communications Associate
Tel: +679 3227538
Email: erica.lee@undp.org
Website: http://www.pfip.org/