The Central Bank of Seychelles and the Financial Services Authority will be working in collaboration with the public and private stakeholders to achieve the development and implementation of the national strategy. In fact, the procurement for consultancy services to assist with the development of the strategy is currently being initiated.
Ladies and gentlemen, these initiatives and engagements towards financial consumer empowerment echo the recent global tempos in respect of financial education. There has been an increased focus on financial literacy internationally, particularly since the 2008 financial crisis which has exposed the effects of lack of financial education amongst consumers, leading many countries to develop or start developing national financial education strategies.