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CEFI’s key role is to coordinate, advocate and monitor financial inclusion activities including coordinating stakeholder dialogue towards responsible financial service delivery and service quality, encourage innovation and strengthen financial sector industry development.
Measuring progress towards financial inclusion is important for policymakers, financial institutions, and other stakeholders. Quarterly reports can provide valuable insights into the effectiveness of financial inclusion initiatives, the uptake of financial services by underserved populations, and the challenges that still need to be addressed.
CEFI works with the government and other stakeholders to develop and implement a national strategy to increase financial inclusion in PNG
CEFI develops and implements financial education programs to help people in PNG improve their financial literacy and make informed decisions about money.
CEFI supports the development of agent banking networks, which allow people in remote areas to access basic financial services through local agents.
CEFI works to increase access to digital financial services, such as mobile money and electronic payments, in order to expand financial inclusion in PNG.
The Inclusive Green Finance Policy (IGFP) Project was initiated in 25 June 2021 with the aim of greater understanding of climate resilience and inclusive green growth in PNG. IGFP marks the first step towards green finance in PNG, thereby facilitating future efforts to monitor, regulate, and promote green finance flows in the country.
CEFI’s key role is to coordinate, advocate and monitor financial inclusion activities including coordinating stakeholder dialogue towards responsible financial service delivery and service quality, encourage innovation and strengthen financial sector industry development.
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Port Moresby, Papua New Guinea – April 30, 2024 –
Growing up in the 1990s in Bialla, West New Britain Province, a young Jessica Kuambu witnessed firsthand how people from her area spent cash recklessly without giving a single thought about saving.
The oil palm boom in the province caused an overflow of cash into the province hence Jessica to help her people one day to learn about savings.
“When I was in high school my parents had an oil palm block and during the harvesting period there were so much money floating around, people did not know what to do with it, the only thing they knew was spending it recklessly,” revealed Jessica.
“My father also had a small trade store and on weekends we would make around K80,000 to K100, 00 in cash. My parents would put all that money under their mattress and sleep on it until Monday, and go to the bank and deposit all these money,” she recalled vividly.
“During school holiday’s, going back home, I sometimes question why can’t OPIC or Hargy conduct some training to teach these people how to save their money,” thought Jessica.
This question 30 years on motivated Jessica to one day help her people know about saving and budgeting their money.
On Friday 19th April 2024, Jessica was among 31 participants certified by CEFI to be trainers in Financial Literacy.
Governor of the Bank of Papua New Guinea Ms. Elizabeth Genia officially opened the Women’s Micro Bank (WMB) Branch in Kerema (Tuesday May 07),
Photo Captions: Photo 1 – A male participant delivering a presentation during the ToT training. Photo 2 – Group presentations during the ToT training. Photo
Port Moresby, Papua New Guinea, March 25, 2024. The Bank of Papua New Guinea (BPNG) in close collaboration with the Global Green Growth Institute (GGGI) together
CEFI’s key role is to coordinate, advocate and monitor financial inclusion activities including coordinating stakeholder dialogue towards responsible financial service delivery and service quality, encourage innovation and strengthen financial sector industry development.
Head Office:
Third Floor, Credit Corporation Building, Cuthbertson Street, Port Moresby
Phone: +675 322 5300
Email: info@thecefi.org