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Home Gulf News

The “Wafra” Project is Introduced by GPSSA to Improve Financial Literacy

July 31, 2024
in Gulf News, UAE
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The "Wafra" Project is Introduced by GPSSA to Improve Financial Literacy

The “Advanced System for Proactive Financial Planning,” or “Wafra,” has been introduced by the General Pension and Social Security Authority (GPSSA) as a component of its second cycle of transformative projects. Through training sessions, seminars, and public awareness campaigns centred around proactive financial planning, saving, and early investment, this initiative seeks to increase financial literacy among individuals protected by pension laws.

Through training programs and workshops that encourage financial independence beyond reliance on pensions, the project aims to cultivate a culture of proactive savings among pension law members. The UAE government’s dedication to transformative projects is consistent with its goal of implementing cutting-edge governing frameworks that boost the competitiveness of the country. By utilising cutting-edge technology and clever alliances, these projects seek to have a major impact on a number of different sectors.

In order to help government agencies better serve the UAE community and give people more power, transformational projects emphasise proactive performance and make use of accelerated technology. This helps the country achieve its aim of becoming a developed hub for culture and social interaction.

By means of agreements with the Jahez platform and the Abu Dhabi Global Market Academy, “Wafra” will offer interactive master classes and workshops on financial awareness. Enhancing global competitiveness and preparing government talent for the future are the goals of these initiatives.

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