Financially capable individuals make better decisions in managing and growing their assets and are less susceptible to unscrupulous suppliers of financial services.
The CBS and the Financial Services Authority (FSA) commissioned a National Financial Literacy Baseline in 2016 and the development of the National Financial Education Strategy (NFES) in 2017. An in-depth diagnostic was undertaken during May 2017.
The findings are captured in this report and form the basis of the NFES. The diagnostic comprised a consultative process with more than 40 stakeholders from government ministries, agencies and regulators, the private sector and civil society, as well as a review of secondary data and further analysis of the 2016 Baseline.
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