The Malta Financial Services Authority hosted a workshop presenting an Organisation for Economic Co-operation and Development assessment of 18 financial literacy initiatives being implemented across Malta as part of an EU Technical Support Instrument project. The assessment found that financial fraud and scams are the most frequently addressed topics, that digital learning methods dominate delivery, and that children and young people are among the most targeted groups. The review covered financial education activities delivered by 14 stakeholders through both face-to-face and digital channels. Beyond fraud and scams, initiatives focus on consumer rights and responsibilities, sustainable finance, budgeting, and debt management. Stakeholders expressed support for the next version of the Financial Capability Strategy and suggested it should also address financial products including digital ones, and retirement savings or pensions; participants also proposed involving social partners such as local councils and parishes to broaden outreach. The two-year technical support project was launched in November 2024 and is supported by the European Commission SG REFORM and the OECD, with the MFSA noting its application was selected from 604 submissions.
Malta Financial Services Authority 2025-04-01
Malta Financial Services Authority workshop highlights OECD assessment of 18 financial literacy initiatives focused on fraud and scams
The Malta Financial Services Authority hosted a workshop on an OECD assessment of 18 financial literacy initiatives in Malta under an EU Technical Support Instrument project. The assessment focused on financial fraud, scams, and digital learning, targeting children and young people. Stakeholders supported expanding the Financial Capability Strategy to include digital financial products and retirement savings, suggesting broader outreach through social partners.