In a statement, the Ministry referred to the adoption of the National Strategy for the Promotion of Financial Literacy and Financial Education in Cyprus by the Council of Ministers today following a proposal by the Ministers of Finance and Education, Culture, Sports and Youth.
"In substance, as announced, the Cabinet approved the Report of the Ad - Hoc Committee for the formulation of a National Strategy, which, it is noted, is included as a milestone in the Recovery and Resilience Plan," it added.
The statement explained that the said Strategy aims to strengthen the knowledge and skills of citizens required for their financial well-being. "The mission of the National Strategy is to promote financial literacy and financial literacy among citizens in order to contribute to the effective management of their financial resources and thereby enhance their financial well-being," it says.
It is also added that the proposed actions of the National Strategy relate to raising public awareness of financial literacy through targeted communication and various events, to promoting financial literacy in public education, the promotion of lifelong learning, the creation of a website and application for smart devices (phones, tablets), the strengthening of existing initiatives in Cyprus and the training of financial literacy educators.[/B]
It is stressed that the adoption of the National Strategy indicates the state's commitment to financial education issues and is an integral part of the effort to achieve financial well-being for citizens.
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