denny h kalyalya : sustainable finance - savings are globally diverse, we are united in responsibility speech by dr denny h kalyalya, governor of the bank of zambia, at the world savings day and financial literacy awards, 4 november 2022. * * * salutations mr. phillip chitalu, secretary and chief executive officer, securities and exchange commission mrs. namakau ntini, acting registrar, pensions and insurance authority mr. markus wittkamp all senior government officials mrs mizinga melu a€ “ chairperson financial literacy working group and baz all chief executive officers of financial services providers all cooperating partners nominated participants for the financial literacy awards invited guests ladies and gentlemen good afternoon, it is an honor for me as champion of financial education, to engage with you during the public awareness campaign for the 2022 world savings day and the financial literacy awards ceremony. this year's theme focuses on preparing for the future, continuing with the 2021 theme " sustainable finance : savings are globally diverse, we are united in responsibility. " sustainable finance involves taking due account of environmental, social and governance considerations when making investment decisions. this is pertinent considering the threat environmental risks are increasingly presenting to the economy. it is therefore expected that efforts to promote sustainable finance will contribute to the attainment of a climate resilient economy. the recently launched 8th national development plan also supports a low carbon and climate - resilient development pathway towards attainment of vision 2030 and the sustainable development goals. ladies and gentlemen as has been done for many years now, zambia joins the international community in commemorating the world savings day which is celebrated every year on 31 october to emphasize the significance of savings for individuals. it is important to note that there are various forms of savings which include among others government securities, listed securities and equities, pension and insurance funds, savings accounts and other investment products. it is important that zambian citizens are aware of the different types of products and services that are available to help them save, in a sustainable 1 / 4 bis - central bankers'speeches manner. these campaigns are therefore aimed at creating awareness to enhance skills, attitudes and behaviours on personal financial management amongst children, youth and adults. all citizens should be aware of the effect their decisions have on the environment. this is critical if they are to have the confidence and motivation to make sound financial decisions, use appropriate financial services to improve their financial well - being and contribute to sustainable national development as

. you therefore need to be forward looking even as you select your subject. plan your lives. do not have the attitude of fikaisolva. have a recipe for a successful life. it is never too early. i had decided when i began to study law that i wanted to specialize in commercial law. that path has brought me to where i am today. i must make mention that you are fortunate in that the environment of the college is ideal for learning. i had the opportunity to be taken around the college and i observed that you have modern facilities and equipment that support your learning. your classrooms have the necessary furniture, the computer laboratory has access to internet and the physical building conditions are solid. faith and wisdom it is very important not to ignore your spiritual wellbeing. it is what will make you a whole being. i will end by sharing with you a scripture passage from the paul ’ s second letter to timothy chapter 2 : 22 – 25 “ have no part at all in the wrong things that young men like to do. believe. have love. follow what is right. live at peace. do these things along with others who have a clean heart and talk to god. ” bis central bankers ’ speeches