In particular, the UNDP Pacific Centre, through its Financial Inclusion Programme, and in conjunction with donor agencies, has been instrumental in the implementation of financial literacy programmes, provision of micro-capital grants, research & specialised technical expertise specific to financial service development, advocacy and facilitation of partnerships and capacity development.
I also commend the UNDP’s new initiatives that are being considered such as the provision of mobile phone banking services. I assure you the RBF will be supportive of such initiatives that will reduce transaction costs and improve extension of banking services, particularly to the remote areas. This will allow those in our remote islands to access banking services.