KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak has asked
Malaysians to redouble efforts for a much wider access to financing and
greater financial literacy.
He said while Malaysia had achieved significant progress in terms of
access to credit and financial literacy, there was still much more to be
done.
"Our vision is to equip all Malaysians with an essential understanding
of sound financial management, provide them with the means and the
opportunity to improve their financial position and assure them of the
right to fair treatment as financial consumers," he said when closing
the Global Policy Forum (GPS) today.
In realising this vision, Najib said responsibility must be shared with
the government through appropriate education and development
responsibility, regulators via a facilitative regulatory framework and
strong consumer protection standards, financial industry, through
responsible innovation and financial practices and individual consumers
through the appropriate exercise of choice and prudent financial
management.
Meanwhile, the three-days GPS concluded with the declaration of the
Sasana Accord, further strengthening the Alliance for Financial
Inclusion (AFI) network's commitment to the Maya Declaration, taking it
to the next level through the adoption of systematic assessment of
impact to ensure quantifiable and measureable targets for financial
inclusion.
(Source: http://www.nst.com.my)
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