World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Solomon Islands shares experience on financial inclusion

Solomon Islands shares experience on financial inclusion

Honiara, 5 October 2011 - “Solomon Islands had made steady progress in promoting financial inclusion activities in the last twelve months”.

In a presentation to the Alliance for Financial Inclusion (AFI) Global Policy Forum in Cancun, Mexico last week, Chairman of the National Financial Inclusion Taskforce (NFIT) in Solomon Islands and Central Bank Governor, Denton Rarawa told the conference that although a recent starter, Solomon Islands has made progress on several financial inclusion initiatives since the end of 2010.

“We are one of the few countries in the Pacific that is leading the region in promoting financial inclusion activities”, Governor Rarawa explained Mr. Rarawa cited preparatory work towards trialing mobile financial services in Solomon Islands and scoping work towards introducing financial education in the national education curriculum for primary and secondary schools as examples of financial inclusion activities in the country.

[“These are all ongoing efforts towards achieving the Money Pacific Goals by 2020”. The Money Pacific Goals endorsed by the Finance and Education Ministers of the Pacific Islands Forum in 2009 encompasses financial education, consumer protection and access to financial services and products.]

The AFI Global Policy Forum sponsored by Mexico and Peru, brought together 300 policy makers and strategic partners from AFI’s members all over the world. The conference concluded with the adoption of the “Mayan Declaration on Financial Inclusion” in the presence of the Mexican president Mr. Felipe Calderon Hinojosa and HRH Princes Maxima of the Netherlands, the UN Secretary General’s Special Advocate for Inclusive Finance and Development Also present at the conference were governors from neighboring Pacific Island nations and the Pacific Financial Inclusion Programme who have been providing technical assistance to all central banks in the Pacific region on financial inclusion strategies.


© Scoop Media

World Headlines


Climate Strike: At UN, Youth Activists Press For Bold Action

This first-ever UN Youth Climate Summit follows Friday’s global ‘climate strike’, which saw millions of young people from across the globe walk out of school and jam streets in major cities, from New York to New Delhi and Santiago to San Francisco. More>>


Pacific: Tongan PM 'Akilisi Pohiva Dies, Aged 78

A constant thorn in the side of the monarchy and nobility, Mr Pohiva's lifelong battle for representation had seen him fired from the public service and charged with sedition... More>>


Untied Kingdom: UK PM Moves To Suspend Parliament In Weeks Before Brexit

The Prime Minister has briefed Cabinet colleagues that the government will bring forward an ambitious new legislative programme for MPs’ approval, and that the current parliamentary session will be brought to an end. More>>


Gordon Campbell: On The Hong Kong Protest Movement

The pro-democracy protests enjoy huge support among Hong Kong’s youth, partly because the democratic systems currently at risk have only a limited time span. More>>