denny h kalyalya : sustainable finance - savings are globally diverse, we are united in responsibility speech by dr denny h kalyalya, governor of the bank of zambia, at the world savings day and financial literacy awards, 4 november 2022. * * * salutations mr. phillip chitalu, secretary and chief executive officer, securities and exchange commission mrs. namakau ntini, acting registrar, pensions and insurance authority mr. markus wittkamp all senior government officials mrs mizinga melu a€ “ chairperson financial literacy working group and baz all chief executive officers of financial services providers all cooperating partners nominated participants for the financial literacy awards invited guests ladies and gentlemen good afternoon, it is an honor for me as champion of financial education, to engage with you during the public awareness campaign for the 2022 world savings day and the financial literacy awards ceremony. this year's theme focuses on preparing for the future, continuing with the 2021 theme " sustainable finance : savings are globally diverse, we are united in responsibility. " sustainable finance involves taking due account of environmental, social and governance considerations when making investment decisions. this is pertinent considering the threat environmental risks are increasingly presenting to the economy. it is therefore expected that efforts to promote sustainable finance will contribute to the attainment of a climate resilient economy. the recently launched 8th national development plan also supports a low carbon and climate - resilient development pathway towards attainment of vision 2030 and the sustainable development goals. ladies and gentlemen as has been done for many years now, zambia joins the international community in commemorating the world savings day which is celebrated every year on 31 october to emphasize the significance of savings for individuals. it is important to note that there are various forms of savings which include among others government securities, listed securities and equities, pension and insurance funds, savings accounts and other investment products. it is important that zambian citizens are aware of the different types of products and services that are available to help them save, in a sustainable 1 / 4 bis - central bankers'speeches manner. these campaigns are therefore aimed at creating awareness to enhance skills, attitudes and behaviours on personal financial management amongst children, youth and adults. all citizens should be aware of the effect their decisions have on the environment. this is critical if they are to have the confidence and motivation to make sound financial decisions, use appropriate financial services to improve their financial well - being and contribute to sustainable national development as

of the financial sector. this has been demonstrated by the pensions and insurance authority, the insurers association of zambia as well as securities and exchange commission and the capital markets association of zambia who successfully launched the insurance week under the theme " insurance - solutions for a better tomorrow " and world investor week under the theme " learn more about investor resilience and sustainable finance " earlier this month. i am confident that the key messages disseminated during these events will contribute to raising the levels of financial literacy in the country. be assured that i am committed to supporting the implementation of the national strategy on financial education through such campaigns. ladies and gentlemen the world savings day celebrations would not be successful without recognising individual and organizational contributions towards improving financial literacy in zambia. in this regard, awards will be presented under nine categories namely : 1. exceptional individual contribution to financial education, 2. outstanding theme interpretation ; 3. exceptional leadership in financial literacy ; 4. champions award ; 5. most innovative financial education programme ; 6. outstanding financial literacy footprint ; 7. exceptional financial literacy media outreach ; 8. outstanding initiative by an educator ; and 9. best savings product of the year. i am delighted to grace this year's world savings day award presentation and wish the nominated participants all the best. in conclusion, i would like to thank the organisers and stakeholders under our partnership arrangement, in particular, the bankers association of zambia, securities and exchange commission, pensions and insurance authority, rural finance expansion programme and dsik for their continued support to the world savings day celebrations every year. thank you 3 / 4 bis - central bankers'speeches 4 / 4 bis - central bankers'speeches