Sur­vey Finds Fewer Women Have Bank Ac­counts Here

Fiji Sun - - Business - CHARLES CHAM­BERS EDITED BY FARZANA NISHA Feed­back: charles.cham­bers@fi­

Fe­males, here in Fiji and in other de­vel­op­ing coun­tries, have been found to be well be­low males in as far as hav­ing bank ac­counts. This was re­vealed by the Gover­nor of the Re­serve Bank of Fiji, Barry Whiteside and the Head of Com­mu­ni­ca­tions for the Al­liance for Fi­nan­cial In­clu­sion, Peter W Fos­ter. “We are keen to close the gap on gen­der as far as fi­nan­cial lit­er­acy is goes,” Mr Whiteside said. Mr Whiteside that a sur­vey con­ducted in Fiji, only 52 per­cent of women have bank ac­counts whereas a sur­vey con­ducted for makes found 68 per­cent had it. “There is a gap and we want to con­cen­trate on how we can give fi­nan­cial ser­vices to women.” He said the Global Pol­icy Fo­rum, which will be opened to­day by the Prime Min­is­ter Voreqe Bain­i­marama will have a spe­cial ses­sion on gen­der fi­nance. “At the end of the fo­rum there will be an an­nounce­ment of a Denarau Ac­tion Plan.

“This plan will be tar­geted by the global com­mu­nity on gen­der fi­nance.”

He said this plan will be used by all 81 coun­tries at­tend­ing the fo­rum to take back to their coun­tries in an ef­fort to get women to be­come more fi­nan­cially se­cured. Mr Whiteside said Fiji’s 16 per cent gap was much higher com­pared to the av­er­age fig­ure of nine per cent for all other de­vel­op­ing coun­tries at­tend­ing the fo­rum. “We need to know why this is hap­pen­ing here in Fiji,” he added. “We want to find out whether it may be the hus­band that has a bank ac­count and the wife has none or some­thing else but we need to find out why.”


Del­e­gates at­tend­ing the Al­liance For Fi­nan­cial In­clu­sion fo­rum in­cluded (from left) Gertrudes Tovela and Aurora Bila from Mozam­bique and Zainab Katune of Nige­ria at the Sher­a­ton Fiji Re­sort.

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