only in memos and reports, but in the market, where it is evident and transparent for the target groups. efficient market decision - making also needs the central bank ’ s transparency and responsibility, therefore the bank of albania has paid a great deal of attention in this respect. however, we are well - aware that transparency in information and decision - making represents a necessary but not a sufficient condition to guarantee an efficient response in economy. it often occurs – in particular in our economies – that financial illiteracy becomes a significant hindrance to market efficiency, since the economic agents may not be able to accurately interpret the information and communication of the decision - making authorities and may respond to these decisions unpredictably. this situation is similar to giving the people the appropriate tools to carry out a certain job without showing them first their function or how to operate with them. consequently, there is no responsible finance without education. using this reasoning, we perceive education as an obligation of governmental and academic institutions to respond to the public right to educate. market efficiency and rationality may be guaranteed only if the entire economy ( not only the economists ) enjoys a minimum level of economic education. being educated implies comprehending and interpreting the information and responding to it, however this does not necessarily mean being able to resolve every economic and financial problem by yourself. being financially educated means knowing when it is necessary to address to the expert ( the economist ) in order to make better choices, after being convinced of his transparency and responsibility. this means financial responsibility in the form of an obligation to personal and social right for a long - term economic and financial prosperity. this education should not be only limited to the institutions ( universities or financial system ) because we do not need only economists. economic and financial education should be addressed to the entire public in the form of a public good for all the economic agents in all possible ways. as i noted above, we have tried to educate our public through some concrete initiatives such as the publication of educational booklets, the launch of educational programmes for students, training seminars for journalists, high school teachers of economics and social workers. in this regard, the bank of albania has been always active not only as regards the public education, but also in its search for partners, because when it comes to financial education there is room for everyone, in particular for the academia. it is for this purpose that we have recently established the banking research institute as an opportunity for co - operation with the academia. the albanian public lacks the

society not yet fully served ; considers that the cooperation between us ( the bank of albania and the banks ) remains decisive, particularly regarding the alignment of its legal and regulatory framework with that of the european union ; supports the digital transformation of the banking sector as a trend and an opportunity to improve banking services, making them more accessible and faster for the public, while strengthening at the same time public confidence in regard to the latter ; last, we forecast to advance towards more stable banking practices, by supporting projects that affect positively the environment. in conclusion, on this 25th anniversary, let us renew our commitment to : ( i ) dedication, 3 / 4 bis - central bankers'speeches ( ii ) integrity, and ( iii ) high quality service to the public. despite the achievements and challenges, which will be present over the next years, i am confident that the albanian banking sector will become a synonym of sustainability and innovation. thank you for your commitment and trust in our mutual cooperation. happy 25th anniversary! 4 / 4 bis - central bankers'speeches