caleb m fundanga : the financial sector development plan welcome remarks by dr caleb m fundanga, governor of the bank of zambia, at the financial sector development plan ( fsdp ) national financial education strategy consultative workshop, lusaka, 20 october 2010. * * * the guest of honour, honourable situmbeko musokotwane, minister of finance and national planning m. p. ; the fsdp steering committee chairman & secretary to the treasury, mr. likolo ndalamei ; distinguished excellencies ; co - operating partners ; chief executive officers and representatives from banks and non - bank financial institutions ; fsdp working group chairpersons and vice chairpersons ; distinguished invited guests ; members of the press ; ladies and gentlemen. it gives me great pleasure, on behalf of the bank of zambia, to welcome you all to the financial sector development plan ( fsdp ) national financial education stakeholders ’ consultative workshop. honourable minister, this very important workshop comes at the time when the fsdp is gearing up to implement many of its activities under phase ii which the government approved earlier this year. as you are aware, one of the activities identified under the fsdp ii is the development of a national financial education strategy for zambia. let me hasten to say, financial education needs in zambia are many and varied. they stem from inadequate understanding, by a good proportion of the population, of basic financial terms and concepts on the one hand, and a lack of knowledge of financial products and services that are increasingly available, on the other. at the moment, there is no structured response to address the financial education needs in zambia. there are currently some financial educational programmes being conducted by financial institutions, including the bank of zambia, but these are generally limited in scope and are not being implemented in a coordinated manner. these un - coordinated initiatives leave gaps that can properly be addressed through the development and implementation of a cohesive financial education strategy. ladies and gentlemen, with this realization, the bank of zambia, with financial assistance from the financial education fund under the united kingdom department for international development ( dfid ), is taking the leadership role in identifying and developing a national financial education strategy that will be cohesive for the country. as the formulation of both the first and second phases of the fsdp was done through a national stakeholder consultative process, we have taken a similar approach in the development of our national strategy on financial literacy. the fsdp process has

olaf sleijpen : the rise to economic leadership - indonesia's development from the perspective of the dutch central bank speech by mr olaf sleijpen, executive board member of monetary affairs and financial stability of the netherlands bank, at the indonesia - netherlands trade, tourism, and investment forum, amsterdam, 28 may 2024. * * * your excellencies, ladies and gentlemen, it is a great honour to speak at the indonesia - netherlands trade, tourism, and investment forum. indonesia is a very important and close partner of the netherlands, so it feels good to meet with you here. terima kasih [ thank you ]. nearly 700 years ago, before modern - style banks existed, people stored their money at home. rather than metal containers, they used common kitchen jars made from a cheap orange - colour clay called'pygg '. whenever families had money left over, they would save their coins in these clay jars, known as'pygg pots.'the first true piggy banks originated in java as far back as the 13th century. they were made of terracotta and shaped like pigs, with a slot on top for depositing coins. few of these piggy banks, known as " celengan " in javanese, survived as they had to be demolished to retrieve the saved coins inside. while the piggy bank represents a simple but ingenious system for individual savings and informal storage, central banks can be thought of as the piggy banks of the entire monetary system. so as the representative of the dutch piggy bank, let me give you my view on the macroeconomic development of indonesia, and its role in the world. i am not the only speaker this morning to mention that indonesia and the netherlands are important trading partners : according to the international trade centre, in 2023 we exported 0. 8 billion euros worth of goods to indonesia, while we imported 5. 1 billion euros worth of goods in that same year. this makes the netherlands the 12th largest import partner of indonesia, and the largest within the eu. we enjoy a strong economic partnership, and the netherlands is keen to further develop economic opportunities for our countries'businesses. besides being key trade partners, indonesia and the netherlands work closely together in other domains as well. during the g20 bali summit two years ago, for example, we co - hosted a conference on payment systems with the bank indonesia institute, as part of a long - lasting cooperation between our central banks