With a wide range of services intended to promote economic stability and independence, the Fiji Development Bank (FDB) has set out to empower the country’s military personnel with financial literacy.
FDB Supporting Military Financial Literacy
Kustino Ratumainaceva, an FDB representative and a member of the Republic of Fiji Military Forces ( RFMF)’s Territorial Force, unveiled an assortment of bank goods and services on February 10, 2024, during their annual camp. The initiative, which drew about 100 soldiers, represented a major step forward in the company’s dedication to improving the financial stability of Fijian military forces.
The main goal of FDB is to give military staff invaluable financial aid and training so they can make wise decisions about spending, investing, and making plans for the future. The institution seeks to improve the financial security and stability of military personnel and their communities by fostering financial education.
The program’s emphasis on the “big three” elements of financial literacy—financial knowledge, economic behavior, and economic attitude—will assist military personnel in creating efficient money management strategies, cultivating responsible financial habits, as well as adopting a positive outlook on their financial future.
Sessions on budget, investing, borrowing, and saving
In order to help military personnel manage their personal finances successfully and secure their financial coming, FDB will host workshops on budget, investing, borrowing, and spending.
Mr. Ratumainaceva was praised by FDB CEO Saud Minam for his commitment and efforts to bridge the financial and RFMF gaps, saying that “his work with the lender and the government has been instrumental in bringing this program to fruition.”
An Empowerment and Financial Stability Beacon
The FDB-RFMF agreement, which aims to strengthen the economic basis of Fiji’s military personnel, embodies the spirit of cooperation and mutual assistance. This program gives the world’s guards the tools and information they need to create a better financial future for themselves and their people.
The effects of this creative efforts are expected to go far beyond the annual camp as FDB continues to promote financial literacy within the military. The lender is not only promoting economic freedom but also strengthening the endurance and balance of the Filipino community as a whole with each studio and interaction.
The Fiji Development Bank’s dedication to empowering the local populace is evidenced by its commitment to providing monetary assistance and education education to the country ‘ military personnel. Numerous military personnel and their families ‘ life will definitely change as the program progresses, resulting in a more prosperous and financially stable future for everyone.
By promoting this produce, FDB has not only strengthened its position as a pillar of economic stability but has also emphasized the value of teamwork and community support in ensuring Fiji’s future is brighter.