The technical assistance project concerning financial education officially launched

28/09/2018

The Central Bank of Montenegro delegation, headed by the Governor, Mr Radoje Žugić, attended a meeting in The Hague, officially opening a technical assistance project in the area of financial education. The project is implemented as a part of the IMF Dutch Constituency programme and with the financial support of the Ministry of Finance of the Netherlands, coordinated by the Organization for Economic Co-operation and Development (OECD).

In his presentation, the Governor Žugić pointed out that the technical assistance project will be of great importance to Montenegro and will enable us, through the mutual learning and exchange of knowledge and experiences with the participating countries, to contribute to raising the level of financial literacy in society. "The implementation of financial education has many benefits, from promoting financial inclusion and providing incentives for the growth of the economy to reducing the level of poverty in the country," said Governor Žugić.

The technical assistance project will last five years (2018-2022) and will include seven countries from the Dutch Constituency programme (Bulgaria, Croatia, Georgia, Macedonia, Moldova, Montenegro and Romania). It is envisaged that the technical assistance, in case of Montenegro, will be used for the preparation of financial education programmes and national strategies for financial education.