SBP National Financial Literacy Program (NFLP): Building financially capable nation

Abstract

The State Bank of Pakistan (SBP) has launched a National Financial Literacy Program (NFLP) in 2011 aimed at providing Pakistanis with knowledge and understanding of basic financial concepts, products and services to enable better economic decision-making. The first ever National Financial Literacy Program (NFLP) in Pakistan was launched with the support and cooperation of the Asian Development Bank (ADB), the Pakistan Banks Association (PBA), the Pakistan Microfinance Network (PMN), the Pakistan Poverty Alleviation Fund (PPAF) and the Bearing Point. State Bank of Pakistan library is vital role in this project. Initially, the program has provided basic financial literacy for the poor and marginalized in Pakistan. The NFLP is also providing financial education and awareness on six topics relating to personal finance, including budgeting, savings, investment, debt management, financial products, branchless banking and consumer rights. In addition to focused training sessions for beneficiaries, the strategy of dissemination includes street theaters, board games, comic strips, activity-based competitions, website and media campaigns to reach the masses on a wider scale. The poster will be illustrated with Graphs, charts and photographs. This poster is best example of SDG 8: Decent Work & Economic Growth; and SDG 17 Partnership for the Goals.