7,200 graduates celebrate completion of financial education supported by ADB and Australia

Source: Pano feed



Đăng ký: VietNam News





(CPV) – Thousands of villagers from EngaProvince in Papua New Guinea (PNG) celebrated the completion of their financial education training in a mass graduation ceremony today-marking another milestone for a Microfinance Expansion Project supported by ADB and Australia.

The Deputy Governor of the Bank of Papua New Guinea (BPNG) and Chairman of the Steering Committee of the Microfinance Expansion Project Benny Popoitai presented the 7,200 graduates with their certificates at a ceremony attended by representatives from the BPNG, the provincial government, and other project steering committee members. Also attending were representatives of the project’s cofinanciers, ADB, and the Government of Australia.


“The demand for access to financial knowledge and services in rural areas is growing,” said Mr. Popoitai. “The Microfinance Expansion Project has enabled rural villagers to get access to finance for the first time. Our challenge is to keep expanding our financial literacy activities to ensure more people are financially educated and help low income earners contribute to economic development.”


The project aims to provide financial education to 120,000 people across PNG by the end of 2017 and supports the financial and social empowerment of women. Of the 7,200 people who graduated today, about half of them were women.


The project is designed to increase financial inclusion in PNG by improving access to financial services in the country. It was launched in April 2012, with BPNG as the executing agency and MicroSave as technical partner.


The Centre for Excellence in Financial Inclusion was incorporated as part of the project’s outputs and is the main agency for coordinating financial inclusion and financial education initiatives in PNG./.