Fiji Development Bank Inks Financial Literacy Agreement with Ministry of Education

Today’s top global financial literacy news includes the announcement by the Fiji Development Bank (FDB) that it has entered into a Memorandum of Understanding with the Ministry of Education to launch the Money Smart and Invest Smart financial education programs.  Among the topics to be taught as part of these programs are budgeting, saving and responsible investing.

More than 35,000 young people in Fiji will benefit from the program, including over 15,000 in the Money Smart program and more than 15,000 in the Invest Smart program.  The focus on children is outlined in the memorandum of understanding and the agreement builds upon many years of success with FDB’s financial education programming.  The bank has funded more than $200,000 for these two initiatives, and FDB will provide additional financial resources for the next three years to monitor and evaluate resource materials, as well as to provide training for educators who will teach the programs.

Financial literacy proponents contend that FDB’s work and support of financial education will spark other financial literacy initiatives in Fiji in the months and years to come.