Protocol on Financial Education in Schools with Innovative Methods Signed - With Robotics to Financial Knowledge
24/05/2024
Today, the National Committee for Financial Education held a meeting chaired by the CBCG Governor, Ms Irena Radović. Other Committee members attended the meeting: Mr Novica Vuković, Minister of Finance; Ms Anđela Jakšić-Stojanović, Minister of Education, Science and Innovation; Mr Željko Drinčić, President of the Capital Market Authority; and Mr Branko Barjaktarović, Director of the Insurance Supervision Agency.
The meeting participants highlighted the importance of financial literacy and the need for even more intensive cooperation among stakeholders in this area. They emphasised that financial literacy is critical to the economic empowerment of individuals and communities and that it is necessary to intensify financial education activities. To that end, the Committee members agreed on the necessity of promoting intra-institutional partnerships and launching new initiatives that would include all age groups, focusing on children and youth, to build the grounds of good financial habits from the earliest ages.
“Financial education plays a key role in empowering citizens to make the right financial decisions and to effectively use fintech technologies, such as digital payments and platforms for raising funds to start a business,” said Irena Radović, the CBCG Governor and the Committee Chair. Thus, she added, “financial literacy and innovation together increase financial inclusion, facilitate access to financial services and capital and, ultimately, provide preconditions for dynamic economic development and the society’s prosperity.”
Committee members noted that implementing financial education activities requires designing projects that simultaneously consider the target groups’ needs and follow modern trends.
One such projects is the “Robotics for the Youngest”, which will be only a part of the activities within the partnership established today by the CBCG, the Ministry of Education, Science and Innovation and the Innovation Fund. After today’s Committee meeting, the CBCG Governor, Ms Irena Radović, the Minister of education, science and innovation, Ms Anđela Jakšić-Stojanović, and the Executive Director of the Innovation Fund, Ms Bojana Femić-Radosavović, signed the Protocol on Financial Education in Schools with Innovative Methods, which represents a framework for implementing future projects of these three institutions aimed at financial literacy of Montenegrin pupils using new methods.
The “Robotics for the Youngest” project will provide educational robots for all elementary schools in Montenegro. The plan is that children acquire basic financial knowledge and develop the necessary financial skill through interactive robot programming learning activities.
The Protocol’s signatories expect that the project would become a model for future financial education initiatives and contribute to the development of responsible citizens and Montenegro’s sustainable economic growth.