We are assisting Indonesia to promote their new National Strategy for Financial Inclusion, which was launched by President Widodo in November 2016. To complement the supply side initiatives, a consumer communication strategy is needed so consumers understand the new options available, see the potential benefits and are motivated to take action. The project involves the National Strategy secretariat, World Bank and Women's World Banking.
It was a delight to be a lead presenter at the 5 day financial education workshop in Colombo. Staff from regulators across Asia and Africa were keen to learn how to develop financial education programs.Read More
Robert has recently organised a 2 day capacity-building workshop in Jakarta.Read More
The Indonesian National Financial Literacy Strategy has a target to increase financial literacy by 2% every year. While 2% might sound a small number, for Indonesia that means 3.5 million people every year!
Indonesia has an innovative law where all financial service providers are required by law to be involved in financial education programs. Robert has reviewed the existing programs and made recommendations about how the regulator can help make the industry programs more effective and accountable.
Other countries might want to have a similar law: this would be good for both financial consumers and national development.