Financial System Development

The department is responsible for promoting financial inclusion and financial literacy. These are recent functions of the Central Bank mandated under the Central Bank of Samoa Act Amendments 2010.

The objectives of the department in carrying out its functions include:

• achieving greater shared economic prosperity through financial inclusion and literacy
• assisting in developing deep and dynamic financial markets
• assisting in safeguarding the integrity, stability, and soundness of the financial system

In the pursuit of these objectives, the areas of focus for the department are:

Financial Consumer Affairs and Market Conduct

• fostering sound business practices by financial service providers and intermediaries, bolstering financial literacy and capability of consumers, and ensuring effective consumer protection regime

Financial Infrastructure,

• fostering the creation of innovative financial products and distribution channels to adequately serve the needs of financial consumers

Stakeholder coordination,

• working in collaboration with key stakeholders in programme delivery to pursue an inclusive and progressive financial system

The Financial System Development Policies aims to promote inclusive development of the financial sector. On this page, you will find Financial System Development Policies issued by the Central Bank of Samoa in sequential order. More development policies will be included once they are developed and implemented.