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بنك التنمية يوقع اتفاقية تعاون لتقديم خدمات مالية ادخارية للمشتركين وتوسيع خياراتهم
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بنك التنمية الاجتماعية يوقع اتفاقية تعاون لتقديم خدمات مالية ادخا
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بنك التنمية الاجتماعية يوقع اتفاقية تعاون مع العربي الوطني
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2021-01-22 16:53:40
Ulaanbaatar/MONTSAME/. The signing ceremony of the ‘Cooperation
Agreement’ was held today among the Bank of Mongolia, the Mongolian Bankers
Association and the Federal Republic of Germany’s ‘Sparkasse’ bank fund.
Within the framework of ensuring the financial stability of
Mongolia and developing the financial market, the Central Bank is implementing
a ‘National Program for financial literacy’ in cooperation with governmental
and non-governmental organizations.
Under this program, the cooperation
agreement has been signed and the parties will work together to:
- Establish a professional ‘New Institute’ in Mongolia with
the joint funding of the Federal Ministry for Economic Cooperation and
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.