September 9, 2016
The driver of success for Fiji’s financial inclusion over the past six years has been attributed primarily to a model of teamwork.
Reserve Bank of Fiji Governor, Barry Whiteside, made this public acknowledgment yesterday as the 8thAnnual Global Policy Forum was opened at Denarau Convention Centre.
Mr Whiteside emphasised: “This model is pivotal on collaboration, partnership and the passion to achieve common goals and objectives.
“It embodies team work amongst key stakeholders from the private and public sectors, government and non- government organisations, civil society and donor development partners.
“They are all working together for a common purpose, with what some refer to as the convening power of the Reserve Bank.
“It is definitely not normal when you have traditionally competing groups of institutions, like the banks, insurers and mobile network operators, all withdrawing their competitive talons and bottom line thinking, to work together towards a common goal.
“This for us is providing that particular service and hand up that will help lift the lives of our excluded and take them to a better place.
“Our model is embraced in the form of a National Financial Inclusion Taskforce with four Working Groups directed towards key focus areas of financial inclusion development.
“This includes financial literacy, products and services, data and inclusive insurance.”
As reported earlier, Fiji is expected to make new commitments under the Maya Accord during the Global Policy Forum.
Mr Whiteside said: “High on this agenda for Fiji will be our commitment to gender equality in financial inclusion, and this will be further highlighted in the proposed Denarau Action Plan.”
edited by: Rachna lal