July 23, 2013

Financial literacy for rural population

July 22, 2013 | Filed under: Business | Posted by: newsroom

The Ministry of Finance will collaborate with the Reserve Bank of Fiji to promote the idea of financial literacy in the rural areas by participating in their Kadavu expo this week.
The Ministry’s permanent secretary, Filimoni Waqabaca, who will accompany the RBF team travelling to Kadavu on Tuesday, said it was important to drive through the salient points of budgeting and ultimately saving for “rainy days” which at the heart of financial literacy. It also presents an opportunity to talk about the developments that Government has been doing and identify areas which may need Government attention in these regions.
“We are working in joint collaboration with the central bank as their aim of making the rural populace financially literate is shared by the Ministry so it is with this mutual aim we will be part of the contingent travelling to Kadavu,” he said.
Mr Waqabaca said the Government was keen to work with other financial institutions and stakeholders to drive the message of the need to spend wisely, economise and save to ensure that unexpected eventualities in the future can be taken care of.
The Ministry aims to spread the value of prudence when dealing with ones finances as it does with the Government coffers which they look after.
The tour will also appraise the communities on the types of financial programmes and services available to them through presentations by the various financial institutions that will be present at the expo.
The public can visit the expo from July 24 when the representatives will be presenting at Kavala village ground, then at Namalata District School Ground on July 25 before the tour wraps up at Daviqele village ground on July 26.
Ministry of Finance Permanent Secretary Filimoni Waqabaca

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