The role of financial literacy
Why is financial literacy needed? A person with any income level needs to learn to manage his/her personal finances and manage them most effectively. In this case, we are talking about competent financial planning, which involves defining your financial goals, arranging them in order of priority, assessing the reality of achieving them, and only then choosing methods or specific steps in a given direction. Only at this stage you can, independently or with the help of a financial advisor, begin to select specific financial products that meet your goals. Unfortunately, in practice there are often people who started at the final stage of personal financial planning: choosing the most profitable "investment" from their point of view, without thinking about their long-term goals and without developing their own investment strategy, which ultimately led to financial losses.
Financial literacy in Tajikistan
The official launch ceremony for the implementation of the Financial Literacy Program in Tajikistan took place on February 19th in Dushanbe. This Program is implemented in the Republic of Tajikistan by the International Finance Corporation (IFC) with the support of the Swiss government (SECO) and in partnership with some local financial institutions. At the ceremony, conduct the official presentation of training and marketing materials on improving financial literacy to partner financial institutions to begin the practical implementation of the Program in the country. It is also planned to demonstrate videos, a theatrical production based on the script of radio programs, and also present a set of marketing materials.
The meaning and role of the Credit Bureau
Crif Tajikistan is also an active participant in this program and is interested in the financial literacy of the population of the Republic of Tajikistan, regardless of age, since the sooner a person begins to think and understand how to rationally spend his income, the easier it will be for him to plan his own budget in the future.
Today, the Credit Bureau takes part in the development of educational materials, videos, information articles, and also closely cooperates with local financial institutions in providing reporting.
