Just as we have recently opted, at a macroeconomic level, to forego some current consumption to provide savings for future generations, through the Stabilization and Heritage Fund, in similar fashion our current situation demands a quantum change in personal economic behaviour, to ensure that current income gains are to have a sustainable impact on personal welfare.
As Minister Enill indicated, national financial literacy programmes have assumed increasing significance in most developed countries and in many emerging market economies. Our programme is a pioneering initiative for the Caribbean region and it is fitting that Trinidad and Tobago, as the economic power of the region, should lead the way in developing the financial capability of its citizens.