02nd
March 2010
ECCB Educates
in Savings and Investment
M.G. George
Saving
is essential to financial well-being. Some people
save easily, while for others it is a serious
challenge. Either way, it is a key step to financial
security in the short-term and the long-term.
Investing and planning for future goals like
retirement or health care later in life are
essential for financial security.
To the group of people who Wednesday afternoon
graduated from the fourth Savings and Investment
Course organized by the Eastern Caribbean Central
Bank the above paragraph resonates with them.
As many of them underscored the importance of
the information they have gleaned from the course
one thing stood out – that they are a
lot wiser in determining their financial future.
This course, as pointed out by Gregor Franklyn,
the regional bank’s resident representative,
is a demonstration of the bank’s continued
commitment to regionalism and development. It
was seven years ago that the ECCB, in collaboration
with academic and financial institutions, launched
the ECCB Savings and Investment Course with
the aim of enhancing the financial competence
of the ECCU adult population.
Over the intervening years, graduates of the
course have come from all walks of life as is
the intended purpose of organizers in the hope
that more and more average Saint Lucians would
gain financial health through budgeting and
investment skills, internalizing financial jargon
and technicalities, by analyzing case studies,
debating issues and prescribed financial products
for investors of varying profiles.
The above aside, the course attendees were exposed
to practitioners in the field of finance and
interactive learning process simulating real
life scenarios that really gave them a unique
advantage in the savings and investment aspect
of finance. |
