CEFI and community development sign MOU to introduce financial inclusion in DCDC

The Centre for Excellence in Financial Inclusion (CEFI) and the Department for Community Development and Religion signed a Memorandum of understanding (MOU) to partner in empowering people in the Informal Sector.

The partnership agreement signed by acting Department Secretary, Mr Jerry Ubase and Executive Director for CEFI, Mr Saliya Ranasinghe will pave way for collaborative efforts in empowering the people with Financial Literacy skills and Financial Inclusion Trainings through the District Community Development Centre (DCDC).

On behalf of the Minister Hon. Wake Goi, Mr Ubase acknowledged CEFI’s collaboration with the Department, and spoke on how the partnership will impact the lives of participants at the Informal Economic corridors.

“My department recognises and embraces partnership and collaboration in delivering protection and empowerment services to people.

“This MoU signing is yet another milestone to assist the government of the day to achieve its vision of growing the economy through informal business and SME.”
“As a responsible government department, we will continue to create dialogue and partnership with stakeholders such as CEFI to create an enabling environment for people in informal economy to access necessary services,” Ubase said.

Acting Deputy Secretary, Community Development Division, Mr Warren Marape termed the MOU signing as a major achievement for the Department to address the need of financial literacy in the country.

“The participants in the informal economy are in a dire need of this service so they can venture into SME.

“And we will make sure to delivery this significant program at the DCDC beginning with Imbonggu after the official opening in September 17, 2021.
Executive Director for CEFI, Mr Saliya Ranasinghe thanked the department for coming on board to partner with them (CEFI).

“The diverse setup of financial institutions are meant for people to partner with and everyone have to patronise that.

“To do that, Financial Literacy is the first step to moving towards your financial goals and direction.

“We are looking forward to working closely with the department to push the goal of transiting the participants at the informal sector into the formal sector,” Saliya said.

The MoU signing at Sambra Haus in Port Moresby was witnessed by representatives from North Fly District Development Authority, Imbonggu District Development Authority, Media, staff from the department and CEFI.

For further information on the work of CEFI please contact CEFI Communications and Stakeholder Mobilisation Team: +675 3225300, email: ekuson@thecefi.org or visit www.thecefi.org