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SOSORO Museum and Association of Banks in Cambodia Join Forces to Boost Financial Literacy Among Youths

Phnom Penh, March 21, 2024 – In a landmark move to bolster financial literacy among the youth of Cambodia, the Preah Srey Içanavarman Museum of Economy and Money, commonly referred to as the SOSORO Museum, and the Association of Banks in Cambodia (ABC) have signed a Memorandum of Understanding (MoU). This strategic partnership aims to meld cultural exposure with practical financial knowledge, enhancing the educational experience of Cambodia's younger generation.

The signing ceremony took place at the SOSORO Museum, with the Governor of the National Bank of Cambodia, Dr. Chea Serey, in attendance. The collaboration marks a significant step towards promoting an understanding of Cambodia's rich monetary and economic history, while simultaneously fostering a culture of sustainable and inclusive finance through education.

The MoU outlines several key initiatives, such as establishing a Pooled Fund for Educational Visits, organizing Bi-annual Visits for students, and promoting Corporate Social Responsibility (CSR) within the Cambodian banking sector. These efforts aim to integrate financial education seamlessly into the lives of Cambodian youths, ensuring they are well-equipped for future financial challenges.

Raymond Sia, Chairman of the ABC, expressed enthusiasm for the initiative, highlighting its alignment with the ABC Cambodian Sustainable Finance Principles. "This collaboration is a direct investment in the future financial stability of our nation, demonstrating the banking sector's role in building capacity and raising awareness for a more sustainable and inclusive future," said Sia.

Blaise Kilian, Co-director of the SOSORO Museum, underscored the importance of this cooperation, noting its potential to facilitate educational visits for thousands of students in the coming year. "I am grateful for the support of ABC and its members, who have once again demonstrated their commitment to promoting financial education and, ultimately, inclusive growth in Cambodia," Kilian remarked.

Dr. Chea Serey, speaking on the importance of historical awareness, emphasized that understanding Cambodia's economic and monetary past is crucial for the younger generation to make informed decisions that will shape their future. "It matters that everyone in society, regardless of their socio-economic background, receives maximum exposure to education and culture, at school and beyond," she added.

Effective immediately, the MoU is set to remain in force until December 31, 2024, with the possibility of renewal. This initiative not only showcases the power of collaboration in driving inclusive growth but also solidifies the commitment of both organizations to nurturing the financial acumen of Cambodia's youth.



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