FRC inducted as vice-chair of ECAPI Expert Group on Financial Inclusion PolicyEconomy
Ulaanbaatar /MONTSAME/ At the 6th Meeting of Eastern Europe and Central Asia Initiative (ECAPI) Experts Group on Financial Inclusion Policy (EGFIP), virtually organized by the Central Bank of Armenia and the Alliance for Financial Inclusion (AFI), the Financial Regulatory Commission of Mongolia (FRC) has been inducted as the vice-chair of the expert group.
Director of FRC International Cooperation Department V.Enkhbaatar said at the meeting that the FRC will work to further expand cooperation and fulfill its functions set out in the regional policy and strategy for financial inclusion. Also, Director of Financial Education Division M.Ulziibat gave a presentation on ‘Current State of Financial Education in Mongolia, Pressing Issues’.
ECAPI was launched in 2018 to increase financial inclusion in Eastern Europe and Central Asia, protect customer rights, and improve regional financial education. It is comprised of relevant organizations of Mongolia, Russia, Armenia, Tajikistan, Belarus, Kazakhstan, and Uzbekistan.