National Strategy for Financial Education Management Committee Meeting Held at the National Bank of Georgia

The National Bank of Georgia was pleased to host the 6th extended session of the National Strategy for Financial Education Management Committee, chaired by Koba Gvenetadze, Governor of the National Bank of Georgia. Held online, the meeting was attended by members of the committee, as well as representatives of the financial sector and other partner organizations.

Having summarized 5 years following the approval of the Strategy, the meeting participants discussed cooperation in a new format.

Opening the session, Koba Gvenetadze, Chairman of the Committee, expressed his gratitude to the partner organizations for their support of financial education projects over the years. He underscored the importance of joint efforts of the public and private sectors and international donor organizations in the long-term process of raising financial education.

The participants were informed about the financial education activities initiated by the NBG over the last few years. The milestones included the introduction of financial education in schools, www.finedu.gov.ge - a financial education web portal, the celebration of annual awareness events, and development of financial education programs, study materials and videos for target groups: children, teachers and entrepreneurs.

Towards the end of the meeting, the committee members and invited representatives of financial, public and international donor organizations summarized the accomplishments and challenges. Further, they agreed on a new and more flexible format of cooperation, which includes the development of an annual action plan and involvement of any stakeholders.

The National Bank of Georgia developed the National Strategy for Financial Education in 2016. The goal of the Strategy is to foster the country's financial stability and financial well-being of the population. As part of the strategy, a National Strategy for Financial Education Management Committee was established in 2017 to develop recommendations for individual financial education programs and Strategy enhancement.