3 Nov 2015

Almost half of Samoans without financial access

2:39 pm on 3 November 2015

The Central Bank of Samoa is holding meetings today and tomorrow with government, private sector and civil society organisations to develop the country's first financial inclusion strategy.

Street vendors at the Apia bus station can be seen winding in and out amongst the colorful Samoan buses selling food and drinks to passengers.

Street vendors at the Apia bus station can be seen winding in and out amongst the colorful Samoan buses selling food and drinks to passengers. Photo: RNZI/Koroi Hawkins

The Bank's governor says the latest survey on financial inclusion in Samoa shows that 49 percent of the population do not have access to basic financial services.

Maiava Atalina Ainu'ū-Enari says the aim is to align Samoa's national financial development strategies with the financial goals set by Forum Economic Ministers for the Pacific to achieve by 2020.

"Is that all school children to receive financial education through core curricular, all adults to have access to financial education. To have a simple and transparent consumer protection to be in place and to halve the number of households without access to basic financial services. So this is the baseline of where we are working for a strategy for samoa."

Apia CBD the capital of Samoa.

Apia CBD the capital of Samoa. Photo: RNZI/Koroi Hawkins

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