Palau's Savings Bonds: A Collaborative Step Toward Financial Stability and Inclusion

On September 30, 2024, Ambassador ORIKASA Hiroyuki attended an event hosted by the Ministry of Finance for the savings bonds prototype system in Koror. The Savings Bonds initiative has the potential to increase financial stability and financial inclusion. The event featured a live demonstration of the user-friendly prototype system, which will facilitate the purchase of savings bonds and manage KYC processes.
 
In his opening remarks at the event, President Surangel Whipps Jr. praised the collaboration with Japan, highlighting goals such as funding for infrastructure and education. Ambassador Orikasa, Mr. NISHIGATA Nobuhisa, Counsellor for International Development Cooperation at Japan’s Cabinet Secretariat, and Minister of Finance Hon. Kaleb Udui Jr., emphasized the importance of financial literacy and international cooperation.
 
In Addition, Soramitsu CEO TAKEMIYA Makoto and his team met with Ambassador on October 3, 2024 to discuss their ongoing efforts with the savings bond initiative. With plans for further development and legislative approval, the initiative is poised to deliver significant benefits to Palau’s economy and promote greater community engagement.
 
Palau’s Savings Bonds initiative was borne out of the advice of Dr. YOSHINO Naoyuki, Professor Emeritus of Keio University, who is also a member of Economic Advisory Group. The project of the Japanese blockchain company Soramitsu is supported by the Ministry of Economy, Trade and Industry of Japan.
https://soramitsu.co.jp/palauinvest