YEREVAN, June 1. /ARKA/. The Central Bank of Armenia (CBA) and the Alliance for Financial Inclusion (AFI) are organizing the 5th Eastern Europe & Central Asia Initiative (ECAPI) Meeting from 1 – 3 June 2020. The meeting will be held virtually given the unprecedented magnitude of the global crisis posed by COVID-19 which has hit more than 210 countries with more than 3.6 million confirmed cases globally, the Central bank of Armenia said, citing AFI.
ECAPI is the primary platform for AFI member institutions in the EECA region to support and develop their financial inclusion policy and regulatory frameworks and to coordinate regional peer learning efforts — aiming to resolve regional challenges and elevate the voice of the EECA region on key financial inclusion policy issues.
In the context of implementing the ECAPI deliverables, the Experts Group on Financial Inclusion Policy (EGFIP) will meet virtually from the 1 – 3 June 2020.
The EGFIP comprises of technical staff from AFI member institutions in EECA region who are nominated as primary or alternate members and are directly involved in the technical work of financial inclusion. As a part of the agenda, the meeting will also specifically cover the implications of COVID-19 for the EECA region and explore peer learning opportunities to address specific challenges in responding to the pandemic.
Additionally, the meeting will conduct a Developed – Developing Country dialogue on the topic of cybersecurity followed by member training on digital financial literacy. Officials who have been closely involved in the work related to regulations on DFS with a focus on cybersecurity and financial literacy would benefit most from this training.
Also, in conjunction with the 5th Eastern Europe & Central Asia Initiative (ECAPI) Meeting from 1 – 3 June 2020 co-hosted together with the Central Bank of Armenia (CBA), the Alliance for Financial Inclusion (AFI) is organizing a virtual member training on Digital Financial Literacy in the Digital Era on 3 June 2020.
At the end of the training, participants will be able to incorporate or strengthen a digital financial literacy (DFL) perspective into their existing National Financial Education Strategy (NFES) initiatives. Participants will also learn how to: Identify the role of financial regulators in driving DFL amongst consumers, different approaches adopted by developed and emerging economies on promoting effective DFL initiative, with a focus on digitization of rural areas, especially for women and the elderly, identify the relevant best practices of effective coordination and collaboration amongst stakeholders from public and private sector for implementation of DFL strategy/initiatives, demonstrate how to integrate gender inclusive perspective while designing DFL policies and initiatives
The training methodology will be panel discussion, with participants’ sharing their knowledge and experiences, including Q&A section as well as a group exercise and a presentation. -0-
