Within the framework of SESRIC’s Central Banks Capacity Building Programme (CB-CaB), the Centre organised a Training Course on “Financial Education” on 24-27 May 2021 through an online video conferencing platform. The training course was provided by competent experts from the Central Bank of the Republic of Turkey for the benefit of 36 experts from the Central Banks and relevant Ministries of 15 OIC member countries.

The main objective of the training course was to strengthen the technical capacities of the participants on various technical subjects of economics education. The training course provided insights into national strategies on financial access, financial education, financial consumer protection, and economics education initiatives.

In his speech at the opening session, Mr. Fadi Abdullah FARASIN, Assistant Director General of SESRIC, stated that the Central Banks of the OIC member countries give particular importance to financial education and financial awareness, and a considerable number of them carry out specific projects concerning financial education as a part of their responsibilities to ensure stability in their financial system. He also mentioned that low levels of financial skills and financial education among the population have seen to be relevant factors for explaining the global financial crisis; thus, the central banks stand out among the critical institutions regarding financial education and awareness issues.

In her opening speech, Ms. Emel DEMIRGÖREN ŞAHIN, Director of Communications, Planning and Management Division at the Communications and Foreign Relations Department of the Central Bank of the Republic of Turkey, highlighted the significance of financial education for not only individuals but also for the financial system itself. She also appreciated the efforts made by SESRIC towards organising this training course and emphasized the readiness and willingness of the Central Bank of the Republic of Turkey to further share its knowledge and expertise on requested subjects with other the Central Banks of the OIC member countries.

This training course was designed in line with the virtual training solutions undertaken by SESRIC to better serve the Centre’s training activities and keep participants motivated and engaged during this challenging time of global crisis due to the COVID-19 pandemic.

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