July 5, 2018 05:00 AM NPT
KATHMANDU, July 5: FINLIT Nepal has been awarded with the Economic Citizenship Award 2018.
The award recognizes institutions that have a direct and immediate impact on improving the economic and financial status of people through financial education, and for helping people realize their full financial potential.
According to a press statement issued by FINLIT Nepal, the methodology of educating people, impact of program and partnership model between banking and financial institution presented by FINLIT Nepal were praised at the Global Inclusion Awards Ceremony, which was held in Riyadh, Saudi Arabia on Tuesday.
Prakash Koirala, managing director of FINLIT Nepal received the award and trophy and expressed his appreciation for this wonderful recognition. “This award demonstrates the significance attached to the promotion of financial awareness among children and the youth and more importantly the necessity of pooling efforts of all banking and financial institutions to achieve this goal,” the statement quoted Koirala as saying.
“This auspicious moment, as Central Bank of Nepal and Nepal Government has initiated different kind of financial literacy initiative to eradicate financial illiteracy from Nepal and FINLIT Nepal is driven by that vision to achieve the mission,” Koirala said.
FINLIT Nepal's program provides Nepalis with access to financial literacy tools and tips, which enhance their awareness of economic rights, and empower them to build their assets, invest in their future, and ultimately break the cycle of poverty.