Page 23 - NIBAF-Training Matters October-December 2020

Oct - Dec 2020

NFLP (Y) Year 2020

Review

National Institute of Banking & Finance, in collaboration with the State Bank of Pakistan, is implementing the
National Financial Literacy Program for Youth (NFLP-Y) to impart essential financial education among
Pakistan's youth and school-going children to strengthen their money management skills and enhance their
financial understanding.

The key objectives of the project are designed to:

Ÿ Develop money management knowledge, skills, and behaviors among youth.
Ÿ Encourage the youth to set financial goals through saving, budgeting, and planning for their future.
Ÿ Educate the youth about their rights and responsibilities as consumers of financial services and products.

National Financial Literacy Program for Youth Youth (NFLP-Y) launched Pakistan's first online
(NFLP-Y) has achieved some significant milestones Financial Literacy game, 'POMPAK – Learn to
in 2020, which includes reaching up to 27 districts Earn.' PomPak, through an interactive and
of Pakistan. With more than 350 partners on engaging interface, delivers its lessons in English
board, to spread its impact, the NFLP-Y team and Urdu language through a story-based game
conducted a series of training all across Pakistan to format designed to help understand and apply
train more than 200K students on Financial Literacy principles of financial literacy. It keeps the youth
(FL) through face-to-face classroom training. Amidst engaged while effectively inculcating financial
the challenging times, to ensure everyone's safety, skills such as budgeting, saving, banking, and
all COVID SOPs were followed, and protective borrowing. The program will award a certificate of
measures were taken into account while delivering Financial Literacy to anyone who completes the
all these trainings. course.

The year 2020 took a rollicking start but as the Within the first few months of its launch, PomPak
events took a turn due to the Covid-19 pandemic, surpassed 115K downloads and fetched the top
everything came to a halt. As more and more spot in the 'educational games' category in the
people were bound at home and were spending Google Play Store. NFLP-Y, through extensive
their lives online, NFLP-Y took this opportunity social media campaigns and effective
positively, organized several zoom sessions, and partnerships, disseminated its message to more
continued to train youth on financial literacy. During than 12 million people all across Pakistan in a short
this time, when thousands of students' education got period. NFLP-Y's E-Learning platform has more
affected due to educational institutes' closure in than 130,000 enrollments so far and this number is
Pakistan; National Financial Literacy Program for growing with every passing day.

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