The Association of Multiple Banks of the Dominican Republic (ABA) highlighted the importance of financial education as an essential tool to promote economic development and social of the country, by facilitating citizens to make informed and responsible decisions about the management of their resources and their potential to start a business.
Through a press release, the ABA stressed that a financially educated population not only contributes to the stability of households, but also strengthens the system as a whole, by fostering trust, inclusion and the proper use of banking products.
The union maintained that the financial education and digital is also an instrument of inclusionsince it allows traditionally lagging sectors to integrate more actively into the formal financial system, which translates into greater well-being and a sustained contribution to the productive development of the country.
