The Central Bank of Samoa (C.B.S.) yesterday co-hosted the launch of the Money Pacific Money Guide.
The launch was another significant milestone in the partnership of the Central Bank of Samoa and the Money Pacific initiative in the promotion of financial inclusion and financial literacy.
The Guide provides financial information and activities in a workbook format. It is aimed to be a helpful resource for high school students, adult education classes and families.
Kim Hailwood, of Money Pacific said “the Money Pacific Money Guide is not to dictate people of their financial decisions, but rather guide them on what they can do.”
The Governor of C.B.S., Maiava Atalina Ainu’u-Enari said Samoa “believes that economic development can be fostered by CLOTHES Ph: 25491 educating individuals on how best they can manage their personal finances.”
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She added that this latest resource will surely “assist us in all our diverse capacities as financial consumers.”
The Money Guide is the first of its kind to feature Samoan and Tongan Languages.
The Central Bank of Samoa and Money Pacific invited a diversity of guests to attend the official launch, which included the Ministry of Women, Community and Society Development, Ministry of Education, Sports and Culture, Principals and Teachers of Government Schools conducting the EFEC (Entrepreneurship and Financial Education Curriculum) programme, Youth & Education Directors from the church denominations, SBEC, WIBDI, SPBD, as well as the Australian High Commission and New Zealand High Commission as representatives of their respective Governments for they are the major funders of the Money Pacific project.
Money Pacific was established in 2007, under the NZ-Pacific Remittance Project (Money Pacific) has played a leading role in reducing the cost of sending money within the Pacific region.
On their website it is stated that “Money Pacific is dedicated to helping Pacific families manage their money and make the best decisions to achieve their financial goals, while learning to minimise the impact of unexpected bumps along the way.’
A demonstration of the Money Guide was conducted by Hailwood and Becky de Beer-Lamont from Money Pacific, who are based in New Zealand.
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