Acting PM Calls On Public To “LEAD” In Financial Information Month

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Acting PM Calls On Public To “LEAD” In Financial Information Month Jermine Abel Story Updated: October 02nd 2015 at 2:30 pm Premier Hon Vance Amory, Acting PM and NIA Finance Minister
Citizens should seek ways to “empower” themselves and increase their knowledge base in financial matters, advises acting Prime Minister and NIA Minister of Finance, the Hon. Vance Amory. The federation joins the rest of the Eastern Caribbean Currency Union (ECCU) in marking October as Financial Information Month (FIM). This year’s Financial Information month is being celebrated under the theme “LEAD – Learn, Empower, Achieve, Develop”, which i s designed to inspire and challenge all citizens to LEAD in order to effect the changes needed to spur financial, entrepreneurial, business and economic success at the personal and institutional levels. Against this backdrop Hon. Amory is calling on members of the public to “Lead” and “Learn” ways to enhance their business and personal lives. “It is our wish that all citizens and residents will be able to secure positive outcomes for themselves and their families through increased knowledge, understanding, skills and confidence in financial matters. “To LEAD we must be able to set financial goals, manage our financial resources and invest wisely. Financially strong families build financially strong communities and by extension, wealthy nations,” he said. Premier Amory pointed out that because St. Kitts and Nevis is a small, vulnerable nation it will not escape the challenges that emerge as the Financial Services Sector becomes even more integrated and competitive on a global level. He said the nation should seek to understand matters locally, regionally and internationally, pointing to the “recent reduction in interest rates on savings accounts and compliance with the USA’s Foreign Account Tax Compliance Act (FATCA)”. FIM is a regional campaign that strives to support the development of the region to a position “where strong and sustainable economic growth is achieved and the well-being of all citizens are improved”, Amory said. Several activities have been planned for Financial Information Month including a Business Symposium and Innovation Forum; and Trainers Workshop for Financial Practitioners The activities that have been arranged for the month are a collaborative effort of the Eastern Caribbean Central Bank, ECCU Member Governments, financial and academic institutions, the media, other private and public sector institutions, and community based groups.