sense of ownership, but also assure ourselves that we are building together a member - governed and member - driven organization that is sustainable. as such, crucial and practical issues such as the membership fee structures and related recommendations on membership rights and participation will be discussed. secondly, the rigorous work of the sub - committee on host country evaluation will be presented to us for our appreciation. the choice of the future home of afi is a crucial milestone in our journey to become an independent institution. thus, it is with a sense of excitement that i inform you that the newly selected afi host country will be announced shortly. thirdly, the independence sub - committee chair, governor njuguna ndung ’ u of kenya will outline the governance recommendations that will determine how the independent afi will be steered toward our collective mission of adopting and expanding effective, inclusive financial policies in developing nations. bis central bankers ’ speeches with these, all members are encouraged to be proactive in the discussions. your insights and contributions to the many important issues will enrich the process and ultimately strengthen afi. the important agenda i have just outlined – charting our way toward independence, governance issues, and the conferment of the new afi host country – will allow us to advance our strength as one body and our partnership for the ultimate betterment of the poor people we target to serve. on a final and a more personal note, let me take this opportunity to thank all of you for your personal commitment and individual contribution to afi over the years. after this forum, i will be stepping down as the steering committee chair – a role which has been a privilege and a joy to hold, in large measure due to all your support. warm thanks to my colleagues at the steering committee who have shared their expertise in building and providing strategic guidance to afi ; to the management unit – the team that has made our afi work seamless and efficient ; to all the members – the bright minds behind our financial inclusion policies and various programs that are truly making a difference ; to all those who made afi programs and initiatives a success through their effective organization of activities and events ; our sincerest gratitude to all of you. i am pleased to announce that superintendent daniel schydlowsky of peru is the incoming chairman of the steering committee. i will, of course, stay on as an active member of afi and will remain committed in sharing our institutional knowledge, and, being a personal advocate of financial inclusion, in advancing afi ’ s global mandate. my colleagues and friends,

jessica chew cheng lian : opening remarks - fen community of practice's virtual panel discussion opening remarks by ms jessica chew cheng lian, assistant governor of the central bank of malaysia ( bank negara malaysia ), at the financial education network ( fen ) community of practice's virtual panel discussion, 26 october 2021. * * * distinguished panelists, members of the financial education network, ladies and gentlemen. a very good afternoon. the late mr. kofi annan, former secretary - general of the united nations, once said that “ education is the premise of progress, in every society, in every family, ” and “ literacy is a bridge from misery to hope. ” reflecting on the onslaught of the pandemic on lives and livelihoods these past two years, the financial education community must surely ask how we can and must prepare our community better to face the financial challenges ahead, both in the short and longer term. it is my pleasure to be invited to deliver the opening remarks today at this inaugural financial education network community of practice. let me especially thank the distinguished speakers who are joining us today from the australian securities and investment commission, the new zealand retirement commission, the new zealand council for educational research, and hong kong ’ s investor and financial education council for graciously taking the time to share your experience in pursuing financial education strategies with us. fen was formed as an inter - agency platform comprising eight member institutions that are committed to raise the level of financial literacy in malaysia. and it is founded on the belief that we can have a far greater impact by coming together, than we could acting alone. this is embodied in the national strategy for financial literacy 2019 – 2023 which is a product of fen. the national strategy is centred around five strategic priorities that serve to anchor initiatives by fen members to enhance the financial capability of malaysians, thereby encouraging alignment and creating synergies. so what are these strategic priorities? first, nurturing values from young ; second, increasing access to financial management information, tools and resources ; third, inculcating positive behaviour among targeted groups, including the youth, selfemployed and those entering the workforce ; fourth, boosting long term financial and retirement planning ; and fifth, building and safeguarding wealth. since the launch of the national strategy in july 2019, fen members and partners, working in collaboration with the government, business community and education sectors have undertaken over 400 education programmes and initiatives, covering a wide and diverse spectrum of the public