News on Sunday

Financial Literacy Programme : to enhance understanding about financial instrument

Financial Literacy Programme

A Financial Literacy Programme with focus on the right reflexes while taking financial decisions at the initiative of the Ministry of Financial Services and Good Governance and the Financial Services Fund of the Financial Services Commission was held this week, at the Domaine IZI in Bambous in presence of the Minister of Financial Services and Good Governance, Mr Dharmendar Sesungkur.

The Financial Literacy Programme has as objectives to provide an understanding of the importance of financial literacy and inclusion as well as raise awareness on the different financial schemes and instruments available for investment.

Some 400 participants comprising of youth above 18 years old and senior citizens of both gender as well as women entrepreneurs in the western region were present at the event which serves as a platform to educate and sensitise the public at large on financial services including insurance, private pension plans, investment funds, amongst others.

Addressing the audience, Minister Sesungkur spoke on the issues of money management and investment and appealed to those present to demonstrate a sense of responsibility in their spending in view of encouraging them to make more savings for their future endeavours. He further concluded by adding that the Financial Literacy Programme will be replicated in other regions across the island targeting the population at large in view of educating them on issues related to financial services.

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