One of these reports is the IMF’s Executive Board’s assessment report of the Kingdom’s economic developments which indicated that the Saudi economy was prepared to encounter the global financial crisis due to its adoption of sound supervisory and regulatory frameworks and the prudent and macroeconomic policies followed over the preceding years. The Board commended the Kingdom for taking strong measures and increasing expenditure and for good management of the monetary policy. The Fund appraised the Kingdom’s efforts for maintaining the soundness of the banking system, improving the climate of credit and the positive economic outlook in general. It also supported the Kingdom’s plans for resuming expenditure at sustainable levels and the government’s effort aiming at slowing the growth of domestic consumption of oil products. BIS Review 128/2010  1  Custodian of the Two Holy Mosques, In pursuance of the government’s keenness to avoid the repercussions of the global financial crisis, the Supreme Economic Council held a meeting, chaired by your Majesty, on 16 Shawwal 1428H (16 October 2008) to discuss the global financial crisis and the way to curb its potential effects on the national economy and it called for taking a number of actions to face it.
The good news is that Malaysia's Financial Capability and Literacy Index score has improved since the last survey. But behind that index score are much more layered observations of our society's financial attitudes and behaviours. And they reveal that putting financial knowledge into the hands of individuals is just the start. Helping people use that knowledge wisely and effectively in order to bring about lasting changes in behaviour is the race that all of us here are running together - to help as many people as possible reach the finish line of their financial goals. More details on the results of the 2021 FCI Survey will be available in the upcoming publication of Bank Negara Malaysia's Financial Stability Review which will happen in the coming week. 4. For those of you who may not be familiar with the Financial Education Network, or FEN, we are an inter-agency platform of eight partner institutions that are committed to raising the level of financial literacy in Malaysia. In 2019, FEN developed a five-year National Strategy for Financial Literacy which is currently in its fourth year. 5. Let me take the opportunity to recap the aims of the National Strategy. They are to empower Malaysians to: first, save, manage and protect their money; second, plan ahead to secure a sustainable future; and third, protect against fraud and financial scams. 6. Fast forward four years, and these goals are as, if not more, relevant today.