The National Bank of the Republic of North Macedonia published an update on Governor Trajko Slaveski’s participation in an OECD- and Netherlands Ministry of Finance-supported regional technical assistance project on financial education, arguing that stronger financial education and digital literacy are needed to help citizens and businesses use digital financial services safely and support inclusive growth. In a panel discussion on “Advancing financial education for stronger growth”, Slaveski linked rising inflation and interest rates and the wide availability of digital financial services to a heightened need for literacy that helps mitigate risks such as online fraud, over-indebtedness and personal data breaches, with particular focus on young people and consumers with limited financial experience. The central bank also highlighted its role as national coordinator for the WeFi Code (Code for Financing Women Entrepreneurs), aimed at reducing the gender gap in access to finance and supporting women’s entrepreneurship, involving 18 institutions across the public, private and civil sectors, including six banks and two savings houses.
National Bank of the Republic of North Macedonia 2025-10-08
National Bank of the Republic of North Macedonia calls for stronger financial and digital literacy and coordinates WeFi Code with 18 institutions
The National Bank of the Republic of North Macedonia stressed the need for better financial education and digital literacy to safely use digital financial services and promote inclusive growth. Governor Trajko Slaveski linked rising inflation, interest rates, and digital services to the need for literacy to mitigate risks like online fraud and over-indebtedness. The bank also coordinates the WeFi Code, aiming to reduce the gender gap in finance access and support women's entrepreneurship.