The National Bank of the Republic of North Macedonia published remarks by Governor Anita Angelovska-Bezhoska from a panel discussion on youth financial literacy, linking financial education to more informed saving, borrowing and investment decisions and to reducing income inequality. She also set out the central bank’s ongoing financial education activities, including the preparation of the country’s first national Strategy for Financial Literacy and Financial Inclusion. Angelovska-Bezhoska cited empirical research suggesting that up to half of global income inequality stems from differences in financial literacy, and World Bank data indicating the poorest 40% of the world’s population lost twice as much income as the richest 20% over recent crisis years, the highest rise in inequality since 1990. She highlighted outreach measures including lectures and workshops, educational materials and expanding target groups to include people with disabilities, and referenced an OECD survey placing financial literacy at 56% of the maximum score, similar to the regional level but significantly below the European Union.
National Bank of the Republic of North Macedonia 2025-04-15
National Bank of the Republic of North Macedonia outlines work on a first national strategy for financial literacy and financial inclusion
Governor Anita Angelovska-Bezhoska of the National Bank of the Republic of North Macedonia highlighted the link between financial literacy and reduced income inequality. She discussed the central bank's initiatives, including a national Strategy for Financial Literacy and Financial Inclusion, and outreach efforts for diverse groups. Angelovska-Bezhoska cited research linking global income inequality to financial literacy disparities and noted the country's financial literacy score aligns regionally but lags behind the EU.