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Empowering Jamaicans with the knowledge and tools to navigate their finances and achieve their goals.
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NFIS Annual Report 2020
Since the implementation of the National
Financial Inclusion Strategy in March
2017, Bank of Jamaica has continued to
coordinate the implementation of the
strategy through specified project activities
designed to drive increased access to
financial services, participation in financial
markets, increased application of private
sector credit and developmental funding
to allow for the productive sector to have
an increased impact on the economic
development of Jamaica.
This work has been achieved through the
leadership of the public and private sector
with targeted interventions aimed at
increasing the knowledge of households
and firms about opportunities for financing
and how to make sound financial decisions.
Baseline Financial Literacy Survey of the Youth Report 2022
In 2017, the Government of Jamaica launched the National Financial Inclusion Strategy (NFIS).
The overall aim of the NFIS is to seek to ensure greater inclusion of Jamaicans in the formal
financial system through the implementation of different strategies including increasing the level
of knowledge and understanding about the financial services sector. A survey carried out by the
Financial Services Commission (FSC) in collaboration with the OECD/INFE highlighted a number
of key challenges including literacy and cultural norms that could present barriers to inclusion in
the financial sector among the youth population. It was therefore felt necessary to carry out a
baseline study to measure the financial literacy among youths.
Filter by Tags
NFIS Annual Report 2020
Since the implementation of the National
Financial Inclusion Strategy in March
2017, Bank of Jamaica has continued to
coordinate the implementation of the
strategy through specified project activities
designed to drive increased access to
financial services, participation in financial
markets, increased application of private
sector credit and developmental funding
to allow for the productive sector to have
an increased impact on the economic
development of Jamaica.
This work has been achieved through the
leadership of the public and private sector
with targeted interventions aimed at
increasing the knowledge of households
and firms about opportunities for financing
and how to make sound financial decisions.
Baseline Financial Literacy Survey of the Youth Report 2022
In 2017, the Government of Jamaica launched the National Financial Inclusion Strategy (NFIS).
The overall aim of the NFIS is to seek to ensure greater inclusion of Jamaicans in the formal
financial system through the implementation of different strategies including increasing the level
of knowledge and understanding about the financial services sector. A survey carried out by the
Financial Services Commission (FSC) in collaboration with the OECD/INFE highlighted a number
of key challenges including literacy and cultural norms that could present barriers to inclusion in
the financial sector among the youth population. It was therefore felt necessary to carry out a
baseline study to measure the financial literacy among youths.
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