The discussion paper outlines the proposed features of Malaysia’s second National Strategy for Financial Literacy (2026 – 2030), which aims to empower Malaysians with the knowledge and skills necessary to enhance their financial literacy and make informed financial decisions for their financial well-being.  

The implementation of the first National Strategy for Financial Literacy (2019 – 2023) has resulted in steady progress in Malaysians’ financial knowledge, behaviour and attitudes. Nevertheless, gaps remain, particularly among vulnerable segments of the population. Emerging trends such as increased demand for more personalised financial solutions and greater alignment with broader development goals like the Sustainable Development Goals (SDGs) are also reshaping the financial landscape, presenting opportunities and challenges.  

The proposed second National Strategy will serve as a holistic roadmap, outlining actionable steps to further strengthen financial capabilities, build resilience and promote financial well-being for a sustainable future. It seeks to build a financially literate society through inclusive, dynamic, and innovative financial education, delivered continuously through a whole-of-nation approach. 

The Financial Education Network (FEN) invites written feedback on this discussion paper, including suggestions on areas to be clarified and alternative proposals that FEN could consider. The written feedback should be supported by clear rationale and justification, accompanying evidence or practical examples, where appropriate, to facilitate a constructive consultation process.  

All feedback for the discussion paper is to be submitted electronically to the NS2.0 Secretariat at [email protected] by 28 March 2025. 

About the Financial Education Network (FEN) 

Established in November 2016, FEN serves as an inter-agency platform to enhance the impact of financial education initiatives and identify new opportunities to elevate financial literacy among Malaysians through greater alignment, closer collaboration and a strong focus on impact assessments. Its members include the Ministry of Education Malaysia, Ministry of Higher Education, Bank Negara Malaysia, Securities Commission Malaysia, Employees Provident Fund, Credit Counselling and Debt Management Agency (AKPK), Perbadanan Insurans Deposit Malaysia and Permodalan Nasional Berhad. 

See also: Discussion Paper on the Second National Strategy for Financial Literacy