Perspectives and experiences on developing national financia strategies Manje, Lemmy.
By: Manje, Lemmy
Material type:
ArticlePublisher: 2013Description: 190-203Subject(s): Financial Consumer Protection | National Priorities | Financial Inclusion | Financial Education | Financial Education
In:
Enterprise Development and MicrofinanceSummary: There is increasing recognition - among central banks, other financial services regulators, governments, financial institutions, NGOs, educators, and international donors - that the ability to manage one's personal and household finances well is an essential life skill. Financial education can help to give people the knowledge, skills, and confidence to manage their money well. Financial education is likely to be an important component of successful initiatives to promote financial inclusion; and it can contribute to the securing of financial consumer protection. Many developed and developing countries have drawn up, or are drawing up, national strategies on financial education. Generally, this work is being led by the central bank, or by another government agency, and is a collaborative exercise involving a wide range of stakeholders. This paper describes common features of the processes for developing and implementing a national strategy on financial education and summarizes the typical contents of these strategies. In doing so, it makes recommendations on good practices - and on some traps to avoid.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Ahmedabad (HO) | (Browse shelf) | Vol. 24, Issue. 3 | Available | 018126 |
There is increasing recognition - among central banks, other financial services regulators, governments, financial institutions, NGOs, educators, and international donors - that the ability to manage one's personal and household finances well is an essential life skill. Financial education can help to give people the knowledge, skills, and confidence to manage their money well. Financial education is likely to be an important component of successful initiatives to promote financial inclusion; and it can contribute to the securing of financial consumer protection. Many developed and developing countries have drawn up, or are drawing up, national strategies on financial education. Generally, this work is being led by the central bank, or by another government agency, and is a collaborative exercise involving a wide range of stakeholders. This paper describes common features of the processes for developing and implementing a national strategy on financial education and summarizes the typical contents of these strategies. In doing so, it makes recommendations on good practices - and on some traps to avoid.
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