technical assistance by afi and pfip in the form of regional meetings, like this workshop, has continued to strengthen the platform we have for capacity building and knowledge sharing, which are key to the effective implementation of our respective financial inclusion strategies and initiatives. bis central bankers ’ speeches fiji - financial inclusion journey and key milestones : ladies and gentlemen and fellow colleagues, while our focus this week will be on inclusive insurance, to put things in perspective please allow me to briefly take you through some key milestones of fiji ’ s financial inclusion journey. the reserve bank took the stand, back in 2009, to strategically drive financial inclusion in fiji. i acknowledge in this regard the vision of our former governors and senior staff, as well as our key stakeholders, for realising and accepting the potential for financial inclusion to significantly contribute to fiji ’ s economic development. this resulted in the reserve bank, in 2009, establishing a new group within its organisation structure to focus on financial systems development. our partnership with the pacific financial inclusion programme was also established in that same year, when we hosted our first national microfinance workshop. fiji ’ s first national financial inclusion strategy was adopted as the major outcome of this initial workshop. since that time we have continued to take a collaborative approach, with the setting up of the national financial inclusion taskforce and its four working groups spearheading much of what we do. this model has worked well for us in providing a platform for effective collaboration between all stakeholders, which include the financial institutions, government agencies, donors, mobile network operators and civil society. getting the buy - in of our stakeholders was considered critical to the success of our collaborative efforts, and ensuring that this is in place all the time during our journey has been instrumental in the effective implementation of our financial inclusion strategy. in early 2010, the reserve bank of fiji issued three supervision policies with the objective of engaging commercial banks to extend their reach to the unbanked in fiji and in 2011 fiji was one of the first of 17 countries to make commitments under the maya declaration at the 3rd afi global policy forum in cancun mexico. in 2013, the reserve bank of fiji was awarded the inaugural maya declaration award in recognition of what was assessed as the effective monitoring and reporting of our global commitments towards financial inclusion. some of the significant achievements which contributed to the meeting of our agreed targets included : • the integration of financial education ( fined ) into the school curriculum at both primary and secondary levels ; • the introduction of mobile money ; • implementation

the study ’ s cost - benefit analysis are made in euro terms. before giving the floor to the other speakers, i would like to express my deepest gratitude to all of the distinguished scientists who took part actively in such an ambitious joint effort, without remuneration but out of sheer dedication to this important project which they were called upon to carry out. bis central bankers ’ speeches