Financial Crime World

Bank of Mauritius Launches Financial Literacy Strategy

The Bank of Mauritius has taken a significant step towards promoting financial literacy and education in the country by launching its Financial Literacy Strategy. The event was attended by CEOs of banks and live streamed for local and international viewers.

Focus on Educating Consumers Across Age Groups

Governor Harvesh Seegolam of the Bank of Mauritius emphasized that the strategy is focused on educating and protecting consumers of banking and financial products across different age groups, both in Mauritius and Rodrigues. He highlighted that the content created will cater to a wide target audience, including:

  • Youth
  • Active population
  • Senior citizens

Keynote Speaker Commends Bank’s Efforts

The launch event saw the virtual participation of Ms Flore-Anne Messy, Executive Secretary of the OECD International Network for Financial Education, as keynote speaker. She commended the Bank of Mauritius for scaling its efforts to increase financial literacy in the country through the National Financial Literacy and Inclusion campaign.

Panel Discussion: “Financial Literacy in a Digital Era”

A panel discussion was also held on the occasion, titled “Financial Literacy in a Digital Era.” The panellists included:

  • Mrs Hemlata Sadhna Sewraj-Gopal, Second Deputy of the Bank of Mauritius
  • Dr Vera Songwe, Executive Secretary, United Nations Economic Commission for Africa
  • Dr Robert Wardrop, Director and co-founder of the Cambridge Centre for Alternative Finance, University of Cambridge
  • Mr John Cusack, Chairman of the Global Coalition to Fight Financial Crime

Launch of Consumer Education Electronic Booklets

To mark the launch, the first of a series of consumer education electronic booklets was launched on a dedicated Financial Literacy section on the Bank’s website. The web page will be updated with additional informative documents every two weeks.

This initiative is a significant step towards promoting financial literacy and education in Mauritius, and we look forward to seeing the impact it will have on consumers across the country.