The adoption by the Cabinet of a National Strategy for Financial Literacy and Education shows the state’s commitment in educating people in financial issues and constitutes an integral part of the efforts to safeguard citizens’ financial prosperity, the Ministry of Finance said on Tuesday.
The Cabinet approved today a report of the Ad-Hoc committee for the National Strategy, which is included in the Recovery and Resilience Plan.
The goal is to strengthen the knowledge and skills of the people, in order to make them more capable in managing their finances, the Ministry says.
This is why it proposes a list of actions, aiming to raise public awareness about financial literacy, through a targeted communication strategy, as well as to promote financial literacy in public education, promote continuous education and educate the educators that will be employed for this purpose.
It is further stressed that the National Strategy’s adoption shows “the state’s commitment in educating people in financial issues and constitutes an integral part of the efforts to safeguard citizens’ financial prosperity.”
Source: Cyprus News Agency