- savvy nature of the younger generation. 1 / 3 bis - central bankers'speeches in seychelles, financial empowerment of the youth was given impetus with the launch of the national financial education strategy in 2017, which identified this important segment of the population as one of four main target groups that need to be financially educated. over the past five years, the central bank of seychelles has undertaken various initiatives targeting the youth at an institutional level and in collaboration with other stakeholders. these have taken multiple forms, such as in - person or virtual sessions at workplaces and educational institutions and the dissemination of awareness materials through mainstream and social media. a financial education youth ambassadors programme was also launched in 2021 to empower young people aged between 16 and 30 on financial matters and encourage peer - to - peer learning and advocacy on financial education. at a national level, entrepreneurship and financial education are being integrated into the school curriculum at primary and secondary institutions and relevant professional centres to empower the youth to be financially responsible individuals and develop their interests and abilities to become prospective entrepreneurs and business owners. the central bank also partners with different stakeholders annually to commemorate national and international events, such as the global money week and youth festival, encouraging the youth to learn about money matters and providing networking educational opportunities around financial issues. at this juncture, it is essential to note that effective financial education is about more than just promoting opportunities. it is equally important to raise awareness of customer rights, avoiding indebtedness, the need for the prudent use of financial services, which encompasses the safe and secure use of digital financial services to avoid financial fraud schemes, and the importance of protecting one's financial and personal information, amongst others. the participation of the central bank of seychelles in the annual international fraud awareness week since 2019 is one of the initiatives being implemented to promote anti - fraud awareness and education. i am confident that each country in the region is working hard at implementing similar initiatives and finding ways to design and implement innovative policies that will help the younger generation to navigate longstanding and emerging global challenges, such as the covid - 19 pandemic and geopolitical events that are having spillover effects across the globe thus impacting the livelihoods of everyone including the young people. today's webinar is providing us with an opportunity to take stock of the current level of financial inclusion on the african continent, share expertise and experiences on the implementation of our countries'respective financial inclusion policies, identify gaps and challenges that still exist and

caroline abel : opening remarks - stakeholder consultation workshop opening remarks by ms caroline abel, governor of central bank of seychelles, at the stakeholder consultation workshop on the draft policy paper on the proposed financial stability framework, beau vallon, 28 april 2022. * * * members of the financial stability committee, second deputy governor, participants, good morning. i am pleased to welcome you all to this consultative forum that will pave the way for seychelles to have a robust and effective financial stability framework. as we all know, the financial system, which includes various financial intermediaries, infrastructure and regulators, plays a critical role in promoting economic growth and development. as the world progresses, financial landscapes globally are also evolving, giving rise to opportunities and risks, thus highlighting the importance of having adequate policies that ensure the good functioning of the economy. a stable financial system upholds public confidence, which is at the core of financial intermediation, one of the key drivers of economic growth. while there is no universal definition for financial stability, there is global consensus on its importance. in the simplest terms, it is about having a financial system that is able to function well and effectively when economic conditions are good but also during adverse situations. it is about having a financial system that can adequately perform its financial intermediation role whilst managing and remaining resilient to systemic risks. as evidenced by the ever - increasing cybersecurity threats, climate change, and more recent challenges such as the ongoing covid - 19 pandemic and the russia - ukraine conflict, domestic and global risks to financial stability are continually evolving, emanating from sources beyond the spheres of economics and finance. recent shocks also reiterate the need to recognise the global interconnectedness and how what happens in one part of the world can significantly impact others. this reality calls for the stepping up of efforts to effectively monitor and manage systemic risks and build the resilience needed for a sound and stable financial system. compared to monetary and fiscal policies, the need to have strong financial stability policies started to gain prominence following the 2008 global financial crisis. in seychelles, the existing financial stability framework has been in place since 2016. over the past six years, its implementation has provided a steep learning curve for the relevant authorities. it has also allowed us to identify deficiencies that need to be addressed to enhance the resilience of the country's financial system against existing and potential risks. now that we are aware of the gaps, a collaborative