Dorin Recean: The authorities of the Republic of Moldova must invest in financial education in order to progress
Over a hundred participants, including officials from the Republic of Moldova and abroad, economic experts, representatives of the banking and educational communities gathered at the first National Financial Education Forum.
The event is organized by the National Bank of Moldova (BNM) with the aim of helping the population to acquire skills for effective management of their income, and the economy to become stronger. In this sense, the meeting will start the elaboration of the National Financial Education Strategy.
The National Financial Education Forum will strategically approach the topic of financial education, said the governor of the National Bank of Moldova, Octavian Armașu.
According to him, successful expertise and lessons learned were presented in three discussion panels. In particular, they aim at international practices of financial education, as well as the role that the authorities of the Republic of Moldova and civil society have in this process.
"We are going through a not so simple period, several crises, the world had to adapt to a new macroeconomic paradigm when we had no doubt that the energy crisis and the war would result in higher prices. We had to intervene to control inflation. We managed to apply the necessary measures and to stop the disorderly increase in prices, also thanks to the understanding shown by the citizens", said Octavian Armașu.
The authorities in the Republic of Moldova must invest in financial education in order to progress, stressed Prime Minister Dorin Recean.
"Beyond the fact that financial education prevents fraud, beyond the facts that financial education helps families to have a sustainable development, we must look at financial education from the perspective of educating an enterprising class in society that understands what the resource means and knows how to use it, how to implement it as effectively as possible", said Dorin Recean.
The Republic of Moldova has financial difficulties, and the International Monetary Fund (IMF) intervened to provide support, said the IMF representative in the Republic of Moldova, Rodgers Chawani, stating that financial education must be at the forefront of the authorities in Chisinau.
"The path to entrepreneurship is being paved. People understand how to manage their resources. The second reason is financial stability. Most ignorant people cause financial instability, financial literacy leads to good policies," concluded Rodgers Chawani.
The National Financial Education Forum takes place during the International Financial Education Week. 176 countries joined this initiative, the Republic of Moldova is among the first participants.
