The Ministry for Employment, Productivity and Workplace Relations (MEPWR) has reached a key agreement with Australia and New Zealand Bank (ANZ Bank) to implement a financial literacy training program aimed at Fijian seasonal workers. This initiative, known as the ANZ Money Minded training program, is viewed as an important step to assist workers participating in the Pacific Australia Labour Mobility (PALM) Program and New Zealand’s Recognised Seasonal Employers (RSE) Program.
Maretino Nemani, the permanent secretary at MEPWR, expressed gratitude for ANZ Bank’s commitment to this training, which will provide Fijian workers with crucial skills in budgeting, saving, and managing their finances effectively. “Understanding the significance of personal finance is vital for the financial stability and success of our workers in their new environments,” he noted during the MoU signing held in Suva.
Rabih Yazbek, ANZ Fiji’s country head, highlighted that this training is not just beneficial but necessary, particularly given that many workers may experience a new level of disposable income while abroad. He pointed out that without proper financial management skills, these workers risk returning home with their finances unchanged despite earning significantly more. The Money Minded program encourages participants to set financial goals and develop strategies tailored to their individual needs, focusing on both savings and spending habits.
This new initiative builds on existing financial literacy efforts in Fiji, such as the prior training programs endorsed by ANZ and other institutions, which have already seen success. The collaborative approach aims to enhance financial literacy across Fiji, empowering individuals to make informed financial decisions that can improve their livelihoods and well-being.
The commitment to financial education shines a hopeful light on the future for Fijian seasonal workers. As more individuals gain access to these valuable resources, it is expected that they will navigate their financial challenges more effectively, enriching not only their lives but also the communities they return to.
In summary, this partnership signifies a growing recognition of the importance of financial education in supporting Fijian workers and promoting sustainable economic outcomes for them and their families.
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