Representatives of ARA RFCA and FSA visited the Republic of Poland in order to exchange experience on realization of educational programs directed at increasing financial literacy of population

On July 12-15 of the current year, representatives of the Agency of the republic of Kazakhstan on regulation of activities of the Regional financial centre of Almaty city (ARA RFCA) and the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) visited the Republic of Poland in order to exchange experience on realization of programs directed at increasing financial literacy of population.

Taking into account the fact that ARA RFCA is the operator of the Program on enhancement of investment culture and financial literacy of population of the Republic of Kazakhstan, representatives of Micro financial centre of Poland invited representatives of ARA RFCA in order to study successful experience in realization of projects aimed at increasing financial literacy conducted by Micro financial centre and the National Bank of Poland.

In the course of the trip Kazakhstan’s delegation held meetings with representatives of the National Bank of Poland, Warsaw Stock Exchange, Micro financial centre, Rural Development Fund that successfully realize projects on increasing financial literacy of population.

Financial illiteracy of population of Poland equally with distrust to financial institutes, and low information awareness about investment opportunities — that take place in Kazakhstan the same way – is one of the main reasons of low level of involvement of the population in investment processes, flourishing of financial fraud, and it is also the barrier in using of new investment instruments.

In Poland, the projects on increasing financial literacy are funded by the national Bank. Financial institutes as Warsaw Stock Exchange and the number of nongovernmental organizations realize separate projects.