Centre, Milne Bay working to drive financial inclusion

The National Business

THE Centre for Excellence in Financial Inclusion (Cefi) and the Milne Bay administration have agreed to work together in driving the agenda of financial inclusion in the province.
They came to an agreement following meetings of the Milne Bay steering committee on financial inclusion last month in Alotau to induct members.
Key activities to begin the process of financial inclusion include:

  • Baseline survey on financial inclusion in the province;
  • Training of trainers for financial literacy training;
  • Business development service training for small-to-medium enterprises in the province; and,
  • Hosting of financial inclusion exposition and pilot project on expanding access of financial products and services in the province down to the districts.

Key resolutions include:

  • finalisation of the appointment of the Milne Bay financial inclusion steering committee;
  • finalisation of the terms of reference for the committee; and,
  • finalisation of the 2021 annual work plan, date of the next meeting and setting up of a desk to coordinate financial inclusion in the province.

The formation of the steering committee is part of activities outlined in an agreement they signed which ends on Sept 23, 2022.
Cefi’s special projects manager Busa Jeremiah Wenogo emphasised the need for the financial inclusion agenda to be embedded in the province.