KUALA LUMPUR: Bank Negara Malaysia (BNM), via the Financial Education Network (FEN), has issued a discussion paper outlining the proposed features of Malaysia’s second National Strategy for Financial Literacy (NSFL) 2026 - 2030.
The central bank said in a statement today that the paper aims to empower Malaysians with the knowledge and skills necessary to enhance their financial literacy and make informed financial decisions for their financial well-being.
"The FEN invites written feedback on this discussion paper, including suggestions on areas to be clarified and alternative proposals the FEN could consider.
"The written feedback should be supported by clear rationale and justification, accompanying evidence or practical examples, where appropriate, to facilitate a constructive consultation process," it said.
It added that all feedback for the discussion paper is to be submitted electronically to the NS2.0 Secretariat at NS2@bnm.gov.my by March 28, 2025.
BNM said the proposed second NSFL will serve as a holistic roadmap, outlining actionable steps to further strengthen financial capabilities, build resilience and promote financial well-being for a sustainable future.
"It seeks to build a financially literate society through inclusive, dynamic, and innovative financial education, delivered continuously through a whole-of-nation approach," it said.
According to the central bank, the implementation of the first NSFL 2019 - 2023 has resulted in steady progress in Malaysians’ financial knowledge, behaviour and attitudes.
"Nevertheless, gaps remain, particularly among the vulnerable segments of the population.
"Emerging trends such as increased demand for more personalised financial solutions, and greater alignment with broader development goals like the sustainable development goals (SDGs) are also reshaping the financial landscape, presenting opportunities and challenges,” it said.
Established by BNM in November 2016, the FEN serves as an inter-agency platform to enhance the impact of financial education initiatives and identify new opportunities to elevate financial literacy among Malaysians through greater alignment, closer collaboration and a strong focus on impact assessments. - Bernama
