CBBH Launches Initiative to Establish a Committee for Financial Education and Inclusion

The Central Bank of Bosnia and Herzegovina (CBBH) and the Organization for Economic Cooperation and Development (OECD) held a joint meeting with representatives of relevant institutions and organizations in Bosnia and Herzegovina – including regulatory bodies, educational institutions, associations and the financial sector – dedicated to improving financial education and inclusion in the country.

During the meeting, OECD representatives presented an overview on the condition of financial education in Bosnia and Herzegovina, with a special focus on existing initiatives, institutional coordination and opportunities for improving education programs and raising the level of financial literacy.

On that occasion, the CBBH initiated the establishment of a Committee for financial education and inclusion of Bosnia and Herzegovina, which would bring together all the aforementioned stakeholders with the aim of strengthening coordination, exchanging experiences and creating joint activities aimed at improving the financial literacy of citizens and financial inclusion in the country.

It was emphasized that the establishment of the Committee will contribute to better cooperation between institutions, more efficient planning and implementation of activities and harmonization of national initiatives with international standards and OECD recommendations.

It was agreed that in the coming period the structure, roles and responsibilities of the Committee members will be jointly defined, with the aim of ensuring long-term sustainability and coordinated action in the field of financial education and inclusion in Bosnia and Herzegovina.

The meeting was held within the framework of the Technical assistance project in financial education, implemented by the OECD with the support of the Ministry of Finance of the Kingdom of the Netherlands.