external stakeholders to improve the administrative processes for exchange controls. this includes a focus on promoting more informed dialogue on capital and financial flows and on how these relate to an understanding of the way our economy works. our financial literacy program will support this process. we also believe that literacy will encourage more transparency and accountability on policies and fundamentals over which we have control. it will better equip the private sector to ask pointed, relevant questions of policy makers. our dialogue has to draw out the importance of holding policy makers accountable to inspire confidence through the outcomes that they produce. in this regard, the degree of success achieved with liberalisation ought to be gauged by the extent to which private sector decisions around the deployment of capital is based on genuine pursuit of higher productive returns rather than a fear of erosion of wealth from real or perceived risks of domestic economic ruin. fear is still too prominent in the discussion for wanting to go outside. as such the private sector ’ s decisions could be underweighting the returns that their capital would generate in productive investments inside the bahamas. this point should not be downplayed given already significant liquid resources that lay idle in local banks. these resources and others are in need of greater deployment in the enterprise sector. new private sector mechanisms ought to be developed to deploy these resources. the central bank does believe that more benefits can be obtained from liberalisation. prudent reforms should continue to be advanced to put these advantages within the reach of the economy. the bank has stressed though that liberalisation should be gradual. after all, the process of developing the systems and capacity to manage a transformed economy is itself gradual. with these points in mind, the bank trusts that you will find today ’ s seminar useful. we look forward to your constructive input. thank you.

curriculum has started. we will hear more about the progress made by the ministry of education and human resources development on achieving this goal when our key - note speaker delivers his address later this morning. let me share with you the outcome of the financial education we facilitated through our primary school adoption program with our three commercial banks and the six primary schools to teach financial education in their schools with a set of lesson outlines supplied by the child and youth international group. the outcome has been very positive. teachers, who taught financial education to their students, reported that the learning objectives in the lessons taught not only impacted the attitudes of their students but on them as teachers as well. they also observed a marked change in their children ’ s habits of spending their allowances. they note children see the value of savings, and have allocated bis central bankers ’ speeches their allowances towards their own bank saving accounts with a commercial bank, rather than spending them all. something else too is happening. a parent who attended the feedback session reported that the children also returned home and taught their parents about savings and other topics learnt from their classes. the parent noticed changes in children ’ s attitude towards money. further the adopted school teachers reported that member of classes in their schools extended their acquired knowledge on goal setting and savings towards a common goal. they all contribute an agreed sum of money towards a common ‘ piggy bank ’ or ‘ monkey ’ money boxes each week towards an amount for their end year school function. indeed, the idea to save little over time has caught on to these children and i encourage parents to support their children to achieve their saving goals. today the children from these adopted primary schools will, demonstrate on stage in their respective stalls what they have learnt in dramas and songs about financial education. these positive outcomes from the teachers and students in applying what they have learnt over the past six weeks encourage us to complete the mapping of the financial education learning objectives in the school curriculum. this indicates that if we can start teaching financial education in our schools, we could have a new generation of economic citizens that are better informed about financial matters than we are today. before i end my opening remarks, let me get back to this four - word theme “ take part. save smart! ” let me say that this theme is not all about money. it also encourages and empowers our children and youth to manage other resources as well. we make decisions on the use of resources each and every day of our lives. therefore, we need to start em