Last Updated
Tuesday 28 July 2015, 18:00 pm.
Mohohlo due for key US summit

Bank of Botswana (BoB) governor Linah Mohohlo is due to join her peers from Lebanon and Serbia at a high profile Chicago USA summit aimed at improving women's financial literacy and capabilities globally.
By Staff Writer Wed 29 Jul 2015, 13:28 pm (GMT +2)
Mmegi Online :: Mohohlo due for key US summit








Sponsored by the Federal Reserve Bank of Chicago and Visa Inc, the April 17 summit is the latest in a string of plaudits for Mohohlo, who has gained international renown in a global financial sector short of women.

The governor, who has been at the helm of the BoB since 1999, has been included in Forbes' 10 Most Powerful Women in Africa since 2011. Throughout her career, Mohohlo has also participated at executive level in numerous monetary policy and economic organisations and platforms.

In her Chicago assignment, Mohohlo will join Jorgovanka Tabakovi, National Bank of Serbia governor and Riad Salame Lebanon Central Bank governor in a panel discussion on improving financial literacy and capabilities for women.

Previous speakers at the summit include Federal Reserve chair Ben Bernanke, US treasurer Anna Escobedo Cabral, Canadian Finance Minister James Flaherty and other globally eminent fiscal and monetary policy leaders.

"Key questions that will be addressed at the summit include how to find solutions to improve women's capabilities globally, given their unique economic and financial literacy challenges," a statement from organisers reads.

"Another question is how can government, NGOs, private sector organisations and educators work together to implement an effective, coordinated strategy

for reaching women and equipping them with the necessary tools and resources to make wise financial decisions." Mohohlo and her peers will also discuss the tools necessary for women's financial literacy, how to influence positive consumer behaviour with regard to financial habits and the financial education needs of women faced with long-term unemployment.

Visa Inc executives explained the rationale behind inviting Mohohlo and other monetary policy experts.
"As we strive to improve the financial literacy of women in the United States as well as internationally, it's important that subject matter experts come together to share ideas and learn from one another," said Jason Alderman, Visa Inc Senior Director of Global Financial Education.

"That is when solutions are discovered."

For his part, Federal Reserve Bank of Chicago president and CEO Charles Evans said countries' economic progress are inextricably linked to the financial wellbeing of individuals.

"Clearly providing more and better financial education to the broadest segment of our population has never been more important than it is today," he said.

In Botswana financial literacy is a fast emerging issue for government and private sector players, spurred on by data indicating increasing household indebtedness, default and rampant consumerism.

 



Exchange Rates
FOREIGN EXCHANGE: Wednesday, 29 Jul 2015
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   10.0604
1 GBP = Pula   15.6986
1 EUR = Pula   11.1111
1 YEN = Pula   0.0814
1 ZAR = Pula   0.8010
1 Pula = USD   0.0994
1 Pula = GBP   0.0637
1 Pula = EUR   0.09
1 Pula = YEN   12.28
1 Pula = ZAR   1.2485
Stock Exchange
STOCK EXCHANGE: Tuesday, 28 Jul 2015
DOMESTIC STOCKS
BARCLAYS
434
BIHL
1415
CHOBE
600
CHOPPIES
490
CRESTA
100
ENGEN
817
FNBB
392
FSG
260
FURNMART
159
G4S
349
LETLOLE
222
LETSHEGO
326
NAP
242
OLYMPIA
20
PRIMETIME
286
RDCP
230
SECHABA
2850
SEFALANA
1251
STANCHART
1270
TURNSTAR
272
WIL
475
IMARA
274
have a story? Send us a Tip
  • Previous
    Pixels Poster
    Next
    Masa Centre
    ::: Friday 24 Jul - Thursday 30 Jul :::
    Pixels
    Entourage
    Black Sea
    Cut Bank
    Minions
  • Previous
    Minions Poster
    Next
    Riverwalk
    ::: Friday 24 Jul - Thursday 30 Jul :::
    Minions
    Terminator Genisys
    Entourage
    Pixels
  • Previous
    Pixels Poster
    Next
    Gamecity
    ::: Friday 24 Jul - Thursday 30 Jul :::
    Pixels
    Entourage
    Minions
    Terminator Genisys
    Magic Mike XXL
    Ted 2
Selefu
BCP and UDC