Bank Of Spain Believes That Financial Education Plan Must Adapt To Changes In Society

Bank Of Spain Believes That Financial Education Plan Must Adapt To Changes In Society

The deputy governor of the Bank of Spain, Margarita Delgado, said this Monday that the new Financial Education Plan for the period between 2022 and 2025 will be a “good opportunity” to rethink future objectives, including the changes that society is experiencing, such as the effects derived from the Covid-19 pandemic, the digitization of financial services or the incorporation of sustainable criteria.

During the opening ceremony of the Financial Education Day, which is celebrated this Monday, October 4, the deputy governor recalled that the Financial Education Plan was born in 2008 with the aim of “improving the financial culture of all Spaniards.”

Since then, the plan has been articulated through three agreements , the last of which has covered the period 2018-2021. Thus, Delgado has indicated that before the end of 2021 the renewal of the plan for the period 2022-2025 will be carried out, which he has considered a “good opportunity” to rethink future objectives.

Specifically, the deputy governor has cited some of the changes that Spanish society is experiencing, such as the effects derived from the Covid-19 pandemic, the digitization of financial services or the incorporation of sustainability criteria in finances.

Regarding this last aspect, he recalled that the motto of this year’s Financial Education Day is ‘Your finances, also sustainable’ and highlighted the importance of incorporating sustainability into personal finances. “It is essential to publicize the operation and advantages of sustainable financing and investment in its broadest concept, as well as its potential impact on the environment and society.”

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