NgulDumb
Financial Literacy is globally recognized as an essential life skill. According to the Bhutan Royal Monetary Authority’s State of Financial Inclusion Report 2019, Bhutan’s financial inclusion in terms of savings account penetration is 68% of the adult population for 2019. There is still a considerable amount of the population that remains in the informal financial sector, and without adequate financial education programs in the country, Bhutanese people possess poor personal financial management skills such as the absence of a savings culture and lack of basic financial knowledge.
With the current downturn in the economy due to COVID-19, the Thimphu Hub Global Shapers believe personal financial management advocacy is essential to help the community make smart financial choices. The hub s primary objective is to initiate conversations, create a buzz around money, and to share real-life experiences and tips for personal financial growth.