The First Meeting of the Financial Literacy Strategy Management Committee was held at the National Bank of Georgia
The National Bank of Georgia continues to protect the costumer's rights and increase their financial wellbeing, moreover NBG took a step forward in increasing the financial education. In 2016, NBG developed national strategy of financial literacy, which is an important indicator in costumer's rights framework and supports the nation's financial stability and wellbeing of the civilians.
Within the financial literacy national strategy framework, Financial Literacy Strategy Management Committee was created by the initiative of NBG, including representatives from the government, private financial sector and civil society. The National Bank of Georgia hosted the first meeting of the committee. The committee is accountable for generating recommendations and strategies for development-implementation the national strategy of financial education and for support of the financial education topics in Georgia.
Members of the committee discussed the goals and priorities of the short-term period, including the intercommunication between financial education and costumer's rights. Youth financial education level and changes in the national educational plans towards the financial education was one of the emphasis of the meeting; furthermore members of the committee also discussed the non-formal financial education, role of universities, increasing financial education in the regions and employed locations. Additionally the members deliberated on developing the standards of the financial education and planned the communication strategy of the committee. Members also stressed the importance of active inclusiveness of the participants.
Financial Literacy Strategy Management Committee is supervised by the Governor of the National Bank of Georgia, Koba Gvenetadze. Committee includes representatives from the Government of Georgia, Administration of the President of Georgia, commercial banks, microfinance organizations, universities and international organizations and the meetings will be held quarterly.