Review and discussion of Global Money Week-202

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On April 29, 2021 at the headquarters of International Finance Corporation in Dushanbe it was held a videoconference with participation of representatives of central banks of Tajikistan, Azerbaijan, Kyrgyzstan, Uzbekistan, Ukraine and international financial partners dedicated to the Global Money Week-2021. At the beginning of the videoconference, Farrukh Sultonov, Head of the IFC Representative Office in Tajikistan, has addressed the conference and stressed that the purpose of today's meeting is to further strengthen cooperation and exchange of experience between central banks and international financial partners in arranging and conducting various international events. In particular, it will be useful for participants of today's video conference to get acquainted with the process and specifics of the Global Money Week-2021 in each country.

It was noted that the Global Money Week-2021 is important for every country, and it will help to increase a financial literacy of population, to encourage children and youth to take care of money and improve their business skills because in the present conditions attracting children and youth to the financial sector has become increasingly important.

Addressing the videoconference Ulughbek Bozorov, Head of Financial Services Consumer Rights Protection Management of NBT, has said that the central banks of the region, in cooperation with the World Bank Group, in the framework of the Global Money Week, have managed to take a number of measures for developing the country's financial infrastructure.

In particular, the program "Financial Literacy Improvement" developed in 2014 under the project "Development of Financial Infrastructure in Azerbaijan and Central Asia" is still being implemented and can serve as an example of successful cooperation between central banks and international financial partners. This program, in the framework of which many educational, consulting, advocacy activities were held has given a serious impetus to improving the financial literacy of the population.

The Head of the Financial Services Consumer Rights Protection Management of National Bank of Tajikistan also has mentioned other program for increasing the level of digital financial literacy of population and development of sustainable financial information program, which is also successfully implemented by central banks and international financial partners.

During the videoconference also Farah Alieva, Financial Literacy Specialist of Central Bank of Azerbaijan, Jamila Tokmambetova, Chief Specialist of Financial Literacy Division of National Bank of Kyrgyzstan, Elena Trigub, Specialist of Public Relations and Financial Literacy Management, Communications Department of National Bank of Ukraine and Kamila Ibrohimova, Head of Financial Literacy Department of National Bank of Uzbekistan have addressed the meeting and informed about the process of holding the Global Money Week in their countries.

The participants of the videoconference also have expressed their views on various issues related to further cooperation in the implementation of transnational projects and programs including a more effective and targeted Global Money Week, emphasizing the international financial partners, especially the International Financial Corporation as an initiator and coordinator can make a significant contribution.

At the end of the videoconference, Zarina Odinaeva, Project Manager of the International Finance Corporation in Europe, Azerbaijan and Central Asia, summed up the process of holding Global Money Week 2021 and today's meeting has noted in this regard, the exchange of views between the countries and financial institutions on the experience of holding such event is important.

We remind that the Global Money Week 2021 is held annually in Tajikistan from the 1st of April to 30th of April under the title “Financial Literacy Month” by the National Bank of Tajikistan and its partner institutions the main purpose of which is to increase financial literacy of population, learning rational allocation of family’s budget, to use money wisely, to think about future, make money for yourself and your family.

As part of this campaign, financial institutions of Tajikistan will arrange seminars, training and study visits for students on financial literacy and many educational programs will be developed and broadcasted through the mass media.

Also this month, the National Bank of Tajikistan, jointly with partners will hold contests for schoolchildren and students on financial literacy including “Best Picture”, “Best Video” and “Best Flash Mob”.

Source: National Bank of Tajikistan