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Financial inclusion index in Angola is 49.1 percent – BNA

     Economy              
  • Luanda • Monday, 28 October de 2024 | 16h03
Administradora executiva do Banco Nacional de Angola (BNA), Marília Poças
Administradora executiva do Banco Nacional de Angola (BNA), Marília Poças
Domingos Cardoso-ANGOP

Luanda - The country's financial inclusion index is 49.1 percent, the Executive Director of the National Bank of Angola (BNA), Marília Poças, said on Monday in Luanda.

According to the Executive Director of the Central Bank, who was speaking at the ceremony that marked the opening of Savings Week, in the study carried out in the second quarter of this year by the BNA, only 37 percent of respondents over 15 years old make a family budget and 76 percent have already had financial difficulties.

According to the manager, the low levels show that it is necessary to redouble efforts in financial education, due to the challenges of the current economic context.

'For this reason, the BNA promotes financial education, especially this week, in order to help citizens know the tools to manage their money in the future', she said.

For his part, the technician from the BNA's Financial Inclusion department, Lourenço Kibonda, informed that out of every 100 Angolans 75 percent do not make financial savings.

The technician, who was presenting the theme 'The socioeconomic relevance of savings', made it known that the financial institution's study also points out that 59 percent of the population is vulnerable and only 10 percent is financially healthy.

The director of the BNA's Financial Inclusion department, Edilson Pimenta, recalled that to reverse the situation, the Coordination Committee for the National Strategy for Financial Inclusion was created.

The Committee, he said, created in 2023, involves several public and private sector institutions and plans to launch the National Strategy by the first quarter of 2025.

Edilson Pimenta said that the initiative will go to public consultation, in December this year, for contributions from policies aimed at increasing percentage levels.

The Savings Week, which takes place under the motto 'Money Saved Future Insured', aims to raise awareness in society about the importance of developing savings habits as a catalyst for socio-economic development

October 31 marks World Savings Day.

The program of activities, to be implemented at national level, includes financial education lectures aimed at general education students and financial inclusion campaigns for the general public.

The 'savings week' is aimed at the population, with a particular focus on children, young people and women and aims to celebrate the world date (October 31).ML/ASS/DOJ



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