May I begin these opening remarks with a few words on the background of this work:  As part of the deliverables of the Seychelles’ Financial Sector Development Implementation Plan which was approved by the Government in November 2014, it was recommended that a baseline study on financial literacy be developed and conducted, following which a national strategy on financial education will be developed and implemented.
The Central Bank of Seychelles in collaboration with the Financial Services Authority has been tasked with the mandate for financial literacy in Seychelles. Against this backdrop, the financial literacy baseline survey was commissioned to FinMark Trust, an independent trust based in South Africa.