Financial Literacy

Financial literacy is an essential everyday life skill. It means being able to understand the financial landscape, manage money and financial risks effectively and responsibly, and pursue and attain financial and lifestyle goals.

Financial literacy is a key contributor to improving financial wellbeing. However, it must be supported by other complementary factors which may include financial inclusion, access to suitable financial products, and appropriate consumer protection and financial services regulation to ensure fair and efficient financial markets.

Along the years, financial literacy has gained prominence on the policy agendas of most world economies, with many identifying it as an important complement to financial market regulation, consumer protection and financial inclusion policies.

The Financial Services Commission (FSC) Mauritius is committed to raising awareness of financial literacy and its benefits while creating opportunities for Mauritians of all ages and backgrounds to increase their understanding of financial issues and make the most of their money. Since 2011, the FSC has undertaken a series of initiatives in its endeavour to promote financial education and consumer protection.