Team­work Model At­trib­uted Driver Of Our Fi­nan­cial In­clu­sion Suc­cess

Fiji Sun - - Business - LITIA TIKOMAILEPANONI

The driver of suc­cess for Fiji’s fi­nan­cial in­clu­sion over the past six years has been at­trib­uted pri­mar­ily to a model of team­work. Re­serve Bank of Fiji Gov­er­nor, Barry White­side, made this pub­lic ac­knowl­edg­ment yes­ter­day as the 8thAn­nual Global Pol­icy Fo­rum was opened at De­na­rau Con­ven­tion Cen­tre. Mr White­side em­pha­sised: “This model is piv­otal on col­lab­o­ra­tion, part­ner­ship and the pas­sion to achieve com­mon goals and ob­jec­tives. “It em­bod­ies team work amongst key stake­hold­ers from the pri­vate and pub­lic sec­tors, gov­ern­ment and non- gov­ern­ment or­gan­i­sa­tions, civil so­ci­ety and donor de­vel­op­ment part­ners. “They are all work­ing to­gether for a com­mon pur­pose, with what some re­fer to as the con­ven­ing power of the Re­serve Bank.

“It is def­i­nitely not nor­mal when you have tra­di­tion­ally com­pet­ing groups of in­sti­tu­tions, like the banks, in­sur­ers and mo­bile net­work oper­a­tors, all with­draw­ing their com­pet­i­tive talons and bot­tom line think­ing, to work to­gether to­wards a com­mon goal.

“This for us is pro­vid­ing that par­tic­u­lar ser­vice and hand up that will help lift the lives of our ex­cluded and take them to a bet­ter place. “Our model is em­braced in the form of a Na­tional Fi­nan­cial In­clu­sion Task­force with four Work­ing Groups di­rected to­wards key fo­cus ar­eas of fi­nan­cial in­clu­sion de­vel­op­ment.

“This in­cludes fi­nan­cial lit­er­acy, prod­ucts and ser­vices, data and in­clu­sive in­surance.”

As re­ported ear­lier, Fiji is ex­pected to make new com­mit­ments un­der the Maya Ac­cord dur­ing the Global Pol­icy Fo­rum. Mr White­side said: “High on this agenda for Fiji will be our com­mit­ment to gen­der equal­ity in fi­nan­cial in­clu­sion, and this will be fur­ther high­lighted in the pro­posed De­na­rau Ac­tion Plan.”

Photo: WAISEA NA­SOKIA

(Fifth from left) The Prime Min­is­ter Voreqe Bain­i­marama,( Sev­enth from left) At­tor­ney Gen­eral and Min­is­ter for Econ­omy Aiyaz Sayed-Khaiyum at the Al­liance for Fi­nan­cial In­clu­sion (AFI) Global Pol­icy Fo­rum at the Sher­a­ton Fiji Re­sort, De­na­rau yes­ter­day.

Photo: WAISEA NA­SOKIA

Parit­ic­i­pants dur­ing the 2016 Al­liance for Fi­nan­cial In­clu­sion (AFI) Global Pol­icy Fo­rum at the Sher­a­ton Fiji Re­sort, De­na­rau Is­land yes­ter­day.

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