Ġemma Conference about Malta’s Results in the OECD Survey

The MBA’s Secretary General, Karol Gabarretta, was invited to moderate the panel discussion on Financial Capability which concluded the half-day conference organised by GEMMA on the 6th March. The conference, with the theme Adult Financial Literacy: Malta’s Results in the OECD Survey, was opened by Hon. Dr Michael Falzon, Minister for Social Policy and Children’s Rights. This was followed by a video message from the Permanent Secretary Mr Mark Musù, while Ms Helena Holland, Team Leader at GEMMA, introduced a video on the work carried out by the organisation. Market research consultant Marika Fsadni of M.FSADNI & Associates, provided an in-depth insight on the outcomes of the research Measuring Financial Literacy and Financial Inclusion in Malta which will be used to identify target groups and prioritise financial capability initiatives.  Other experts who delivered presentations during the conference were Dr Elena Mitova, Senior Economist at the OECD, who gave an online a presentation on financial capability and Dr Sarah Pulis, Head Conduct Supervision, from the MFSA who spoke on recent financial literacy initiatives undertaken by the MFSA.

The panel discussion moderated by Mr Gabarretta, featured Dr Sarah Pulis (MFSA), Ms Maria Mercieca, Social Worker Leader (Foundation for Social Welfare), Ms Alexia Vella, Director General of the Strategy & Implementation Division (Ministry for Social Policy and Children’s Rights), Mr Carl Fenech, Social Worker Leader (Agenzija SAPPORT) and Ms Lorraine Dimech Magrin, Education Officer (Home Economics within the Directorate for STEM & VET Programmes, Department for Curriculum, Lifelong Learning and Employability). Various themes, exploring how financial literacy and education could be used to enhance the capabilities of the different social cohorts in our country, were discussed as well as the current state of play in the area and possible options on the way forward.

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