The Romanian Association of Banks (ARB) became an affiliate member of the Organization for Economic Cooperation and Development – International Financial Education Network, starting with April 2021. OECD / INFE affiliate membership status is reserved for non-governmental organizations and non-profit organizations, such as ARB, academia and foundations that have concerns in the field of education and financial education.
“The granting by the Organization for Economic Cooperation and Development of the status of affiliated member within the International Financial Education Network represents a recognition of ARB’s approaches in the area of financial education programs, in line with the purpose we have assumed as an organization, that to support Romania’s economy and to increase the level of financial education. We want to make the most of the OECD’s expertise and know-how in the field of financial education through future initiatives and projects that will be supporte
Romanian Association of Banks becomes OECD/INFE affiliated member stiripesurse.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stiripesurse.ro Daily Mail and Mail on Sunday newspapers.
A national strategy for financial education
Bhaskar Nath Biswal
The growing need for financial education for families to take prudent and rational investment decisions and to ensure their economic security has been widely recognised. The Covid-19 pandemic has exposed our financial weaknesses which necessitated some sort of economic security at the individual as well as organisational level. Sudden changes in the income flows shattered the lifestyles of many. Life went as it is for those who made better financial decisions for themselves and their families, increasing their economic security and wellbeing. Thus, being financially literate is not only important for the household, but also for communities and societies. (Hogarth, Jeanne M., 2006).
Cyber security, data protection must to promote financial inclusion, says RBI Guv
RBI Governor Shaktikanta Das added that it was imperative to build trust in formal financial services among the hitherto excluded population.
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Issues concerning cyber security and data protection must be addressed to gain confidence of the excluded section in use of technology, which is necessary for promoting financial inclusion,
Reserve Bank Governor Shaktikanta Das said on Wednesday. Technology, though being a great enabler, can also lead to exclusion of certain segments of society, Das said in his keynote address at a webinar on Investing in Investor Education in India: Priorities for Action , organised by the NCAER.
RBI governor asserts financial inclusion poised to grow bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.