Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

A new Pacific approach to financial awareness

MEDIA RELEASE 9 December 2009

A new Pacific approach to financial awareness


THOUSANDS of Pacific families will have a constant reminder of the need to think carefully about money management next year.

The NZ: Pacific Remittances project has produced a Pacific-themed 2010 calendar featuring a different financial tip each month, the first step in a programme to help Pacific people become more financially aware.

“Last year we led a project to reduce the cost of remitting money to the Pacific, a significant cost for many Pacific families,’ Ministry of Pacific Island Affairs Chief Executive Colin Tukuitonga said.

“We succeeded beyond our expectations. Pacific people in New Zealand can now send money home at a cost of about three percent, compared with 15-25 percent before we started this work.

“But not everyone knows about the change. So the tip for January 2010 in the calendar reinforces it by directing people to a website www.sendmoneypacific.org which allows them to compare the costs of different providers.

“Changing attitudes to finances is not going to happen overnight. But we hope small, incremental steps like this will lead to something bigger.”

Dr Tukuitonga said Pacific people commonly earned less than many other New Zealanders but needed to stretch their income to meet a greater range of obligations and needs.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“We have larger, extended families, we are devout churchgoers, we are contributing to post-tsunami needs and so on. It’s hugely important that we learn about money management, borrowing, remitting and so on, that we feel confident to go into banks rather than to loan sharks, that we don’t sign finance deals for cars without understanding what’s involved.”

“The calendar is just a start. But it’s a start that we hope will make people more aware, and more empowered.”

Thirty-five thousand copies of the calendar, translated into either Samoan or Tongan, are being distributed in New Zealand and in Samoa and Tonga via community groups.

The project - MoneyPACIFIC – is hoping to expand on the financial literacy tips in the calendar through Pacific radio and newspapers.

The NZ:Pacific Remittances project team comprises the Ministry of Pacific Island Affairs, the Reserve Bank, the World Bank, NZAID and the Pacific Cooperation Foundation.

ENDS

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Perils Of Joining AUKUS Pillar Two


The lure for New Zealand to join the AUKUS military alliance is that membership of only its “second pillar” will still (supposedly) give us access to state of the art military technologies. As top US official Kurt Campbell said during his visit to Wellington a year ago:
...We've been gratified by how many countries want to join with us to work with cutting-edge technologies like in the cyber arena, hypersonics, you can go down a long list and it's great to hear that New Zealand is interested...
More


 
 

Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More


Government: Retiring Chief Of Navy Thanked For His Service

Defence Minister Judith Collins has thanked the Chief of Navy, Rear Admiral David Proctor, for his service as he retires from the Royal New Zealand Navy after 37 years. Rear Admiral Proctor will retire on 16 May to take up an employment opportunity in Australia... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.