Financial literacy or capability is increasingly becoming a priority for policymakers as its role in contributing to financial stability, financial inclusion, and to the effective functioning of financial markets is recognised. Individuals who make good financial decisions and interact effectively with providers of financial services are more likely to achieve their financial goals, improve their household’s welfare, hedge against financial risks and negative shocks, and support economic growth. Implementation of a Financial Capability survey in Tanzania was facilitated by FSDT in 2012.
