Working closely with states and territories, the Foundation has produced a National Curriculum Framework for Financial Literacy to provide benchmarks for teaching the school children the importance of managing their money. In Malaysia, the Financial Sector Master Plan, launched in 2001, includes a 10-year consumer education program.
The ratio of non-performing loans to total loans was down, net of loan loss provisions, to 1.7 per cent, almost half of what it was at the end of 2019 (Figure 10). For significant institutions, both indicators are essentially in line with the average levels for the other intermediaries directly supervised by the ECB. The less significant institutions have made similar progress.