Financial Literacy Month comes to an end
Continued fiscal prudence encouraged

By VonDez Phipps
Reporter-SKNVibes.com

BASSETERRE, St. Kitts –Following the conclusion of Financial Literacy Month, Deputy Director of Corporate Relations at the Eastern Caribbean Central Bank (ECCB), Sybil Welsh gave an overview of the initiative, saying the effort was geared toward the advancement of public awareness with the provision of tools for people to use in order to encourage them to manage their money properly.

She told SKNVibes that there has been a great measure of success and stated that through the Savings and Investment Course, island-wide motorcade, concert, talk shows and exhibitions, the general public had multiple avenues to access information about money management.

“The success is not about the month but, about where we go from here. The church discussions and the school visits will be ongoing. Our real benchmark catalyses initiatives to empower the public and change its mindset in relation to achieving fiscal prudence. This effort cannot be achieved through one month’s activity or a year’s activity; it requires the full involvement of everyone,” Welsh informed.

It is not by accident or incident, she said, that there is a stable financial system and currency here in the region, noting a history of stability which provides a platform on which individuals can build to ensure their financial security.

“There needs to be more partnership involving the media to push all stakeholders to realize their financial dreams not only to achieve individual success but also to transcend into the economy.”   ~~Adz:Right~~

Welsh underscored that ECCB’s success is not based on its own money management but is attained with the active pursuit of economic development in the region. She also noted the importance of stressing money management as a collective effort involving public and private sectors, all financial and academic institutions and social organizations in order to “advance as better contributors to both our household and national welfare”.

“We can’t afford to wait until a crisis comes to address financial management; we must do it now!”