First Annual Meeting of Trainers on Financial Literacy Held

Baku hosted the first annual meeting of trainers on financial literacy, organized with the support of the European Union.

According to Turan, the meeting was held within the project "Preparation of women professionals and the development of women entrepreneurship in the regions of Azerbaijan."

The project was implemented by the Association of Micro-finance of Azerbaijan (AMFA) and the Microfinance Centre in Poland.

Speaking at the opening of the meeting, the AMFA executive director Jale Hajiyeva said the project launched in 2014 was designed for 3 years.

“The project prepared 22 trainers on financial literacy and through them training sessions were conducted in 8 regions of the country for more than 2 thousand people,” she said.

The main topics of the training were the development of the family budget management skills, behavior changes in money management, training in specialty to work as a crediting employee in financial institutions, and the ability to start a business and to improve it.

The Deputy Director of the Center for Microfinance of Poland Katarzyna Pawlak noted the importance of financial literacy and said this also applies to pensioners.

“You should know how to manage pension funds. It is also a kind of a risk,” she said.

The head of the EU Delegation to Azerbaijan Malena Mard emphasized that financial literacy occupies an important place in the EU agenda.

“Financial literacy is very important for the development of medium and small businesses. In the EU, 60% of jobs are provided by small and medium business,” she said.   ---71D