Financial Literacy and Inclusion Support for the National Bank of Moldova

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ABT BRITAIN LIMITED awarded a contract to the Institute for Development and Social Initiatives for supporting the National Bank of Moldova in advancing financial literacy and financial inclusion.

The project aimed to improve the knowledgeable use of financial services and products in the banking and non-banking sectors while protecting consumer rights through targeted financial education and inclusion information campaigns.

It also sought to build the NBM's institutional capacity for financial education and inclusion communication campaigns via social media, both currently and in the post-COVID-19 era.

The project involved developing a financial education programme for target populations in Moldova to foster long-term financial planning, improve savings and investment attitudes, prudent financial behaviours, and financial resilience.

It also aimed to strengthen personal financial management components in school curricula.

Specific target populations were to be identified at the inception stage.

The main beneficiary was the general public of Moldova, with the NBM as the key stakeholder and reform owner.

The Ministry of Education, Culture and Research of Moldova was a direct partner, though its role was less prominent due to higher priority activities.

The project involved organizations such as UN Women, AFAM, the Association of Women with Disabilities, AEFL, AIM, and other NGOs/CSOs, aligning with NBM's policy of expanding collaboration with civil society.

The contract value was £72,286.