Republic of Mauritius- Financial Literacy Programme kicks off today

The Financial Literacy Programme has as objectives to provide an understanding of the importance of financial literacy and inclusion as well as raise awareness on the different financial schemes and instruments available for investment.

Some 400 participants comprising of youth above 18 years old and senior citizens of both gender as well as women entrepreneurs in the western region were present at the event which serves as a platform to educate and sensitise the public at large on financial services including insurance, private pension plans, investment funds, amongst others.

Addressing the audience, Minister Sesungkur, spoke on the issues of money management and investment and appealed to those present to demonstrate a sense of responsibility in their spending in view of encouraging them to make more savings for their future endeavors. He further called upon the population to spend judiciously and follow the values and steps inculcated by our elderly who have made a lot of sacrifices for the present generation.

According to him, income in a household is deemed very important and one should make proper planning of their priority needs before investing their money. That is why he added, his Ministry has embarked on a series of sensitisation campaigns called REFLEXES through the Financial Services Fund to assist citizens in spending wisely with proper planned investment so as to create a nation of investors. The campaigns, he pointed out, aimed at assisting and informing the public on financial products and services available on the market.

He further concluded by adding that the Financial Literacy Programme will be replicated in other regions across the island targeting the population at large in view of educating them on issues related to financial services.