Last update: 06-Dec-2013 7:26 pm
Friday, December 06, 2013
Trinidad & Tobago Guardian Online
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Central Bank to host Global Policy Forum
The Central Bank of T&T will co-host the 6th Annual Global Policy Forum in September 2014 along with the Alliance for Financial Inclusion. The announcement came Thursday at the closing ceremony of the 2013 AFI Global Policy Forum, which was held in Kuala Lumpur, Malaysia. The Central Bank says the commitment to host this international forum is a major step towards advancing its financial inclusion agenda.
The Bank also indicated that 2014 will also mark fifty years of its establishment and this event, to promote financial inclusion, is one of the most fitting ways to observe that milestone. The Global Policy Forum is the flagship event for the international working group, the Alliance for Financial Inclusion. It is seen as a platform or central banks and other policymaking bodies in developing countries to engage in dialogue, and share knowledge and experiences in increasing access to financial services.
A symbolic handing over of a gold gong at Thursday’s closing ceremony from the Prime Minister of Malaysia, Najib Razak to Senior Manager, Human Resources and Corporate Communications of the Central Bank, Nicole Crooks, sealed the forum’s next host country. Crooks, on behalf of Governor Jwala Rambarran, had moments before committed this country to the AFI’s Maya Declaration.
Under the Maya Declaration, Crooks told the global audience the Central Bank will “transform its National Financial Literacy Programme into a National Training Institute for Financial Inclusion by end of December 2014". The NFLP is a unit within the Central Bank and has been spearheading financial education. "The Institute will work with key stakeholders to develop a National Financial Inclusion strategy based on the G-20 principles of leadership, co-operation and empowerment.”
The AFI is funded by the Bill and Melinda Gates Foundation and has 108 member institutions. The Central Bank of Trinidad and Tobago joined the AFI in March this year as the 100th member.
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