The National Bank of Moldova sand the Independent Think Tank “Expert-Grup” will combine forces to increase awareness of the main financial-banking concepts and products among the population so that the people could take correct decisions in the management of the own incomes when they encounter particular situations. The two institutions signed a partnership agreement to this effect, IPN reports.
In the framework of the project “Learn! Give meaning to money”, opinions about the expectations and needs of financial education will be collected from all the interested players. Later, there will be worked out analytical notes concerning the main financial concepts and events with a financial impact from people’s lives. There will be staged debates, open lessons and summer schools. The project’s target group includes the teens, young people, beginner entrepreneurs, employees, persons who make savings and investments, recipients of remittances, etc.
A series of informative materials will be produced within the project to present the most important events with a significant financial impact in the life of a person in the most explicit way. Among the most important events with a financial impact typical of Moldovan society are the raising of a loan or a home loan, buying of a car in leasing, insuring of personal goods, investment in financial instruments, etc.
“Expert-Grup” director Adrian Lupuşor said not many people know the main financial concepts, event such key notions as interest rate, inflation, exchange rate, etc. Financial education helps to choose reasonable financial products and services so as to obtain benefit, balance and protection. Throughout life, any person has to take decisions with a significant financial impact on the subsequent way of life. That’s why financial education is important to everyone.
National Bank governor Octavian Armaşu noted the project is important as it enhances the complexity of financial services, development of technologies and digitization of financial instruments and meets people’s needs. A new approach is needed to ensure the stability of the economic environment and sustainable development. A model based on the broad participation of people in the financial market is needed. “Through financial education, we would like to contribute to developing a solid financial system within which the consumers would be protected, educated and would take financial decisions in a responsible way,” stated Octavian Armașu.
The project is to be implemented in the course of 2019.
