The National Bank of Moldova (NBM) and CFA Society Romania on November 2 signed a partnership agreement to implement in Moldova the “Generation I” financial education project during an international event entitled “Financial education, a personal, social and economic benefit”. This is aimed at encouraging individual financial responsibility, providing the general public with educational resources, IPN reports.

NBM governor Octavian Armașu said the project that is intended for a number of generations was successfully implemented in Romania, being initiated and promoted by CFA (Chartered Financial Analyst) Society Romania for all those who want to create a long-term view for achieving financial independence.

“Time teaches us that we must be open to change and make decisions to move forward. Life is full of challenges and the financial challenge puts us in front of the need to be informed, to know more in order to hold our fate in our hands and to be financially independent. Regardless of our professional activity, we embrace the usefulness and innovation we constantly see in the financial world. It is a path to financial independence, which is so necessary for a secure future,” stated Octavian Armașu.

Alexandra Smedoiu, president of CFA Society Romania, said they launched the campaign “Generation I” - the independent generation, starting from the idea that those who do not take measures to save and invest during their active time are at risk of depending on the money from the state, the public pension system, or of becoming a burden for their children when older. “The concept of “Generation I”, or the independent generation, was born precisely from the fact that financial education is at a very low level, but there are people who want to achieve financial independence,” opined Alexandra Smedoiu.

Dorin Badea, a member of the Board of Directors of CFA Society Romania, said that in Romania, online resources were developed at the first stage of the project and ten podcasts were then created, followed by an online questionnaire, promotion of the project online and through different media channels. In Romania, they are now implementing the third stage of the project and so far the Campaign “Generation I” reached over 4.5 million people.

The participants in the event haven’t yet provided details about how the project “Generation I” can be accessed in the Republic of Moldova.   

The project in Moldova was launched in connection with the World Savings Day that is marked on October 31