opportunities targeted at highly skilled workers, averaging more than 95 % of total job vacancies and newly created positions. this underscores the financial sector's capacity to adapt to changes in the operating environment, enabling it to remain a net job creator, including of highly rewarding jobs. 1 / 4 bis - central bankers'speeches to ensure that we remain ready to meet the evolving demands of the economy, the way we approach talent development must keep pace with the changes around us. today, i would like to offer three perspectives on configuring the future of work and my thoughts on the way forward. first, the digital and sustainability revolution. digital transformation is set to significantly impact more than 20 roles in the financial sector across all job levels. this is not surprising as ai – including generative ai in particular – is widely believed to be a major driver of change in the future of work. with its vast potential to create new opportunities and augment human abilities, generative ai is forecasted to revolutionise 70 % of textand data - heavy tasks by 2025, and this is according to gartner. concurrently, the rising urgency of the sustainability agenda has accelerated demand for new skillsets and job roles to support customers across industries in making the green transition and meeting their environmental goals. for example, to support customers in adapting processes and adopting technologies to reduce carbon and environmental impacts, complying with regulatory requirements, or mitigating the impacts of physical risks. second, the growing importance of power skills defined as psychosocial skills relevant for all job roles in the fsf in today's workforce. as digitalisation and automation become more pervasive, technical skills alone is no longer sufficient as the world will be looking to tap into employees who are able to innovate and find novel solutions. power skills will become increasingly valuable as they involve unique human abilities not easily replicable by machines – cognitive skills such as critical thinking, problem solving and innovative thinking or emotional and social skills such as adaptability and resilience – are skills integral in shaping culture and ethics within the organisations. it also needs no saying that technical skills must also be continually upgraded. an interdisciplinary approach that blends technical and power skills are therefore required to thrive in today's environment. employees that are able to master both would be better prepared to navigate uncertainty, capitalise on opportunities, and drive organisational agility. third, embracing a " skills first " strategy in hiring and developing talent. for

up support. concluding remarks i believe we have a very robust and secure system in fijiclear. i am proud to say that fiji is the first of the pacific island nations to have the system in place. you will all appreciate that a safe and efficient payment system is essential for the proper functioning of our financial market. its benefits are obvious. i believe that this will also boost confidence in fiji as the system will bring us on par with developed countries. i wish once again to encourage businesses and the public to take advantage of this system. finally, i wish to commend the support provided by the commercial banks and logicacmg which has helped rbf realise this vision. i look forward to the continued support of the commercial banks in making this project a success. i also take this opportunity to thank the international monetary fund and bank indonesia for providing technical assistance to the rbf. let me also wish to acknowledge others that have worked hard to bring this project to completion. i thank the joint working committee of the commercial banks and the rbf. i extend my greatest appreciation to the rbf project team for their perseverance and dedication. without you, the project would still be a dream. it is now my pleasure to officially launch fijiclear and wish it every success. thank you.