of financial literacy week and recognize its contribution to financial education, allow me to mention a few milestones that have been achieved : in 2012, zambia launched its first ever national strategy on financial education ( phase i ) which clearly identified children, youths, adults, small medium enterprises and small holder farmers as target groups. the main goal was to have a financially educated zambian population by 2030 ; in 2017, the national financial inclusion strategy was launched. the main goal of the strategy was to achieve universal access to and usage of a broad range of quality and affordable financial services that meet the needs of individuals and enterprises and targets overall financial inclusion of 80 % of the adult population by 2022 ; in 2017, under the national strategy on financial education ( phase i ) financial education was integrated into both primary and secondary school curriculum ; in 2019, phase ii of the national strategy on financial education was launched, to address the gaps identified under phase i ; and through the financial literacy campaigns, the number of financial services accounts designed for children increased to more than 20 compared to only 3 at the beginning of 2013. we strongly believe that the formulation and implementation of these national strategies have provided a robust framework that facilitates effective stakeholder engagement between the government, financial sector regulators, financial service providers and the general public. this collaboration has resulted in increased public awareness of the availability of financial products and services across the country, therefore contributing to the increase in overall financial inclusion in zambia from 37. 3 % in 2009 to 69. 4 % in 2020. as financial sector regulators and services providers, we are obliged to disseminate information about the different types of services and products that are available to the public as well as some of the risks that maybe associated with them. this information helps individuals and businesses to increase their awareness on the number of ways to save and invest their financial resources, as well as how to manage their financial affairs safely in an increasingly digitized environment. ladies and gentlemen, technology and innovation in the financial sector has played a major role in raising the level of financial inclusion in the country over the last five years. according to the finscope 2020 survey, while overall financial inclusion increased to 69. 4 percent, from 59. 3 percent in 2015, formal financial inclusion rose significantly to 61. 3 percent from 38. 2 percent. this was largely due to the uptake of mobile money, which went up exponentially by 58. 4 percent from 14. 0 percent. invited guests, the use of digital financial platforms for the

denny h kalyalya : build your future - be money smart speech ( virtual ) by dr denny h kalyalya, governor of the bank of zambia, at the launch of the 2022 financial literacy week, 21 march 2022. * * * salutations all senior governmental officials chief executive officers of financial sector regulators a€ “ pia and sec all chief executive officers of financial services providers all cooperating partners invited guests ladies and gentlemen good morning i am delighted to welcome you all to this years'launch of the public awareness campaign for the financial literacy week activities, which will run from 21 - 27 march 2022. the commemoration of the financial literacy week commenced yesterday with a live nationwide television broadcast by the honourable minister of finance and national planning, dr. situmbeko musokotwane. the commemoration will continue with a number of activities in all the 10 provinces of our country, including public exhibitions, debates, media programmes, an innovation challenge and visits to financial institutions and selected government agencies. this year's theme " build your future : be money smart " is anchored on the importance of planning for one's future through making prudent and well - informed financial decisions now. the theme prompts all zambian citizens, particularly young people, to own the responsibility of securing their financial future. the financial literacy week activities continue to focus on young people in primary, secondary and tertiary institutions to help future adult generations are appropriately equipped to make sound financial decisions for their financial well - being. ladies and gentlemen, zambia's commemoration of financial literacy week is undertaken under the auspices of the global money week, which is an annual global awareness - raising campaign on the importance of financial education for children and youth. this year's commemoration of global money week and financial literacy week is particularly special in that this year marks the 10th anniversary of the global and local annual campaigns. in the last 10 years, the campaigns have been targeted at creating awareness amongst children, youth and adults on the need to acquire the knowledge, and skills about personal financial management. with the acquired knowledge, they can have the confidence and motivation to make sound financial decisions and use appropriate financial services. this knowledge is expected to translate to improved financial wellbeing, and resilience of our citizens, and enable them to contribute to national development through improved productivity as well as job and wealth creation. 1 / 4 bis - central bankers'speeches invited guests, as we look back on the last 10 years of the commemoration