OECD National Coordinators Meeting - Financial Literacy

The Insurance Agency in Bosnia and Herzegovina participated in a meeting organized by the Central Bank of Bosnia and Herzegovina (CBBH) and the Organization for Economic Cooperation and Development. 

The meeting was held with representatives of relevant institutions and organizations in Bosnia and Herzegovina - including regulatory bodies, educational institutions, associations and the financial sector - dedicated to improving financial education and inclusiveness in the country.

During the meeting, OECD representatives presented an overview of the state of financial education in Bosnia and Herzegovina, with special emphasis on existing initiatives, institutional coordination and opportunities to improve educational programs and raise the level of financial literacy. On that occasion, CBBH initiated the formation of a committee for financial education and inclusion in Bosnia and Herzegovina, which would bring together all the previously mentioned stakeholders with the aim of strengthening coordination, sharing experiences and creating joint activities aimed at improving the financial literacy of citizens and financial inclusion in the country.

It was emphasized that the establishment of the committee will contribute to better cooperation between institutions, more effective planning and implementation of activities, and harmonization of national initiatives with international standards and OECD recommendations.

It was agreed that in the coming period, the structure, roles and responsibilities of the board members will be jointly defined, with the aim of ensuring long-term sustainability and coordinated action in the field of financial education and inclusion in Bosnia and Herzegovina. The meeting was held within the framework of the project of technical assistance in financial education, which is implemented by the OECD with the support of the Ministry of Finance of the Kingdom of the Netherlands.