November 15, 2015
The Reserve Bank of Fiji will host a significant meeting in 2016 with the Alliance for Financial Inclusion. AFI as its commonly known is the global network of financial policymakers from developing and emerging countries.
Governor Barry Whiteside says this milestone is recognition of Fiji’s in-roads in the development of financial inclusion services here which is 6 years old.
“We have learnt from member countries, successful methods and have shared our experiences and have benefitted from such forums through capacity building, more than 60 countries across the world have now set formal financial inclusion targets. Next year, through our association with AFI, Fiji has been given the nod to host this prestigious body’s global policy forum on Denarau Island in September.”
More than 150 000 un-banked Fijians now have access to financial services and under the project, 907 schools impacting 197 000 students now have financial literacy as part of the mainstream school curriculum.
The financial inclusion program is spearheaded by the RBF in collaboration with the UN’s Pacific Financial Inclusion program and development partners.
Source: FBC News