Papua New Guinea has a high rate of financial illiteracy. This can be reduced with correct training given to people on how to access financial information.
The Bank of Papua New Guinea’s Centre for Excellence Financial Inclusion Program is now partnering with financial institutions to reduce this high rate. It graduated its first 27 trainers from BSP yesterday after a week-long training on budgeting, saving and mobile money modules. These trainers are now ready to teach similar courses to BSP’s sub and rural branches in the country. Such programs will provide opportunities for people to be financially educated and can contribute positively to the economy through whatever businesses they choose to pursue. So far, the program has reached over 20,000 people. BPNG together with its partners are aiming to reach 120,000 people come 2017, and with the 27 graduates from Bank South Pacific yesterday, it is hoping to at least train 60,000 people. Comments are closed.
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