The National Bank of Cambodia (NBC) held an event yesterday to teach the public about the importance of financial literacy skills and encourage more people to take advantage of financial services.
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Speaking at the National Financial Literacy Day, Neav Chanthana, NBC deputy governor, said improving financial literacy in the country can boost national economic growth, aid the development of the financial sector and increase people’s incomes.
“Our goal is to improve financial literacy. To do this, we need the participation and support of the government, the private sector, and our development partners,” she said.
Ms Chanthana requested the cooperation of all financial institutions in the country to achieve this objective.
“Banks and microfinance institutes should allocate money to train their staff on matters of financial literacy so that they can spread this information to the public,” she said.
Im Koch, secretary of state of the Ministry of Education, said improving financial skills will help the population prepare for changes in the near future resulting from the digitalisation of the economy and society.
“The fact that this event was organised points to the need to develop our human capital in Cambodia to keep up with the rest of the world, which is progressing very fast,” he said. “We must ensure the competitiveness of Cambodia in the digital age, and events like this will help us achieve this.”
In a separate event held also yesterday, Maybank launched its Cashville Kidz Financial Literacy Programme for 2019.
Speaking at the event, Mohd Hanif Suadi, CEO of Maybank Cambodia, said, “As we continue to play a role in contributing to the Cambodia economy, Cashville Kidz is great platform for the Bank to give back to the communities where it operates.
“The programme, running strong in its third year, continues to create a positive impact amongst children as we build a generation of young people who are well equipped with adequate financial knowledge that would be beneficial in the future,” he said.
The Cashville Kidz Financial Literacy Programme will continue to champion financial literacy amongst Cambodians through a strategic partnership with the National Bank of Cambodia and the Ministry of Education.