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Saturday, February 15, 2025
27.1 C
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Saturday, February 15, 2025

FISC launches financial inclusion plan for Filipino youth

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The Financial Inclusion Steering Committee (FISC) launched the Youth Financial Inclusion (YFI) Initiative to boost youth account ownership and build a financially capable next generation of Filipinos.

Aligned with the National Strategy for Financial Inclusion (NSFI) 2022-2028, the YFI Initiative prioritizes the youth, recognizing their potential to drive financial inclusion, innovation, and economic growth.

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Bangko Sentral ng Pilipinas Deputy Governor Bernadette Romulo-Puyat underscored the program’s importance.

“With the YFI Initiative, we are inviting the Filipino youth to innovate and dream big, not just for themselves but for the country,” she said.

It includes two key components—the YFI Ambassadors Program and the YFI Hackathon. Both programs will culminate in the Youth Congress, scheduled for the second quarter of 2025.

The initiative has gained support from government agencies like the National Youth Commission (NYC) and Presidential Communications Office (PCO).

NYC chairperson Jeff Ortega highlighted its impact. “Through the YFI Initiative, young Filipinos can equip themselves with the right financial knowledge and skills needed to not only transform their own lives, but also play a vital role in building a stronger Philippines,” said Ortega.

“Let us work together to inspire a generation of financially aware and resilient Filipinos,” said Communications and Capacity Development Division chief Krizia Casey Avejar, representing the PCO.

Beyond account ownership, the YFI Initiative promotes financial education, consumer protection and regulatory support for youth financial inclusion.

It also fosters collaboration among stakeholders, including financial regulators, service providers, youth groups, students and educators, while strengthening advocacy for financial inclusion.

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