compilation volunteers interactive session - 2014 symposium to advance financial literacy
DESCRIPTION
This is a compilation of the slides contributed by volunteers during the interactive session at the first session of the 2nd OECD-GFLEC Global Research Symposium to Advance Financial Literacy on 6 November 2014, which addressed cutting-edge policy issues and research ideas to advance the global financial literacy agenda. Find out more at http://www.oecd.org/daf/fin/financial-education/oecd-infe-gflecsymposiumfinancialliteracy.htmTRANSCRIPT
2nd GLOBAL POLICY RESEARCH
SYMPOSIUM TO ADVANCE FINANCIAL
LITERACY
6 November 2014 – OECD Conference Centre – Paris
www.oecd.org/finance/financial-education
www.financial-education.org
#OECDfe
Assessing financial literacy among
15-year-old students
Status of
national
strategies for
financial
education in
G20
members
Evidence and guidance to address
gender differences in financial literacy
Case studies and policy guidance on
financial education in schools
Setting climate
Targeting
Supporting
School Youth Farmers …
Cooperation schemes & Institutional setup
Sustainable funding
Mo
nit
ori
ng
an
d e
valu
atio
n
CENTRAL BANK OF ARMENIA
Sona Lalayan
Sona Lalayan
• Banks • Insurances comp. • Credit org. • others
WORKING IN PARTNERSHIP
See more : www.abcfinance.am
CENTRAL BANK OF ARMENIA
CELEBRATING FINANCIAL LITERACY
ANNUALLY
SUCCESS ONLY IF POSITIVE ATTITUDE
Key figures since the launch of the program Jan. ‘13 – FSMA; Belgium
www.wikifin.be
1,289,277 visitors to date
savings account simulator
380,000 times used
monthly newsletter
10,741 subscribers
January 2013
May 2013
Pensions campaign
Nov. 2013 Feb. 2014
1,000 questions on
housing over two
weeks
real estate simulator
73,000 times used
contact: [email protected]
WEBSITE
CAMPAIGNS
Nov. 2014
Housing campaign Inheritance campaign
110,000 quizzes completed [ongoing]
Educational materials for teachers of secondary schools – FSMA; Belgium
contact: [email protected]
Strategic
objective
Make sure all students, when they leave school, have the skills, knowledge and
attitude to understand the society in which they live & are able to make informed
financial choices at various stages of their lives.
Themes: - Budgeting
- Responsible consumption
- Borrowing
- Paying money
- Saving and investing
Pilot project:
- testing materials in
the classroom
- integrating in
courses
25 schools
Development of
educational materials by
the FSMA
Educational materials
available for all schools
and teachers
+
Sharing best practices
Jan. 2014 1
.
Sep. 2015 3. Oct. 2014 2.
Best practices
CENTRAL BANK OF EGYPT
www.ebi.gov.eg
“Shaping the Future” Initiative • Shaping the Future is designed by the Egyptian Banking Institute to
create and raise the financial literacy and awareness of Egyptian
children and youth.
• In Partnership with the Central Bank of Egypt, Ministries, Financial
Institutions, NGO’s and international donors, we reached more than
360,000 Children and Youth during 2014 through the following
activities:
1. Financial awareness sessions (conducted in schools, youth centers,
and universities)
2. Ringing the bell to opening the stock exchange
3. Holding entrepreneurship competition for schools
4. Educating youth from high schools and youth centers on how the
stock exchange operates and its value in the economy
“Shaping the Future” Initiative
5. Conducting banks, stock exchange and money museums study tours
6. Publishing an awareness publications series
7. Participating in the Global Money Week
8. Developing info- graphics
Finally, Students signed a pledge to remain committed to spreading the
culture of financial awareness
For more information on the initiative, kindly visit our Facebook page:
https://www.facebook.com/shapingthefuture2013
ESTONIAN CONSUMER PROTECTION BOARD
http://tarbijakaitseamet.ee/en
Cartoons for children
Cartoons on smart use of money.
For example:
• Comparing prices
• Advertisements and cheap prices
• What is shopping spree
Estonian Consumer Protection Board
Hong Kong Impact of outreach
65% research more about
investment risks
4.4/5 increase learning interest
69% set financial goals
68% repay debts in full
Contact David Kneebone:
The Investor Education Centre has developed a suite of user-friendly
interactive tools to help people in Hong Kong plan and manage various
aspects of personal finance:
- Planning ahead
- Budgeting
- Financial protection
- Retirement planning
- Managing debt
- Saving and investing
More at:
www.hkiec.hk/calculators
Budget Planner & Expense Tracker
Budgeting Worksheets
Net Worth Calculator
Financial Health Check
Savings Goal
calculator
Debt Calculator
Retirement Planner
Risk Assessment
Cut-back Calculator
Contact David Kneebone:
Hong Kong
SMS-based National Trivia
Competition with prizes Making learning fun using
mobile phone technology
Youth compete and winners are awarded
with cash invested in securities;
Two universities yearly University challenge
Working with county governments and youth
associations to deliver financial education Fora for youth groups
Visit universities and share
information/interact with students
Open Days
at universities
Host university students
twice a month at our offices Interactive sessions
University challenge
Infusing financial
messages on
TV programmes
Communicating financial messages
in a fun way through popular
TV programmes
Innovative and effective financial education initiative - Kenya
When Kenyans think ‘retirement’ they think ‘THE END’!
To many Kenyans, aging is to be avoided at all costs:
– e.g dying their hair to look young
It’s not socially acceptable to age. Old age is feared
What Kenyans fear they ignore
Communication Testimonial Reassurance Campaign
Targeted Messaging Reassuring different segments that retirement is cool – especially to the YOUNG WORKERS
•Young people talking happily about retiring after saving to enjoy life
•Young people discussing the tangible benefits of saving through a pension scheme e.g. assigning a portion of their benefits to accessing mortgage
• A calculator that ‘goes’ into the future to show you how much you will have saved depending on how much you wish to save each month and the duration.
Rose Musonye Kwena
Retirement Benefits Authority – Kenya
LATVIA FINANCIAL AND CAPITAL MARKET COMMISSION
www.fktk.lv
www.klientuskola.lv
29
• FINANCIAL EDUCATION WEEK 2014 reach more than 150
education institutions in Latvia
• The motto Find and Reach Your Financial Goal! encouraged
everyone to contemplate on financial goals
• Interactive test (7 questions) on the internet Who are you?
called to measure personal determination to do it: http://bit.ly/1p9DkLu
21 versions of
answers (3 A to
every Q)
3 types of
personal
characters:
A B C
KO DARA FINANŠU UZRAUGS?
FINANCIAL AND CAPITAL MARKET
COMMISSION OF LATVIA : www.fktk.lv
VIDEO AND TEST ON INTERNET:
CENTRAL BANK OF LEBANON
www.bdl.gov.lb
BANK NEGARA MALAYSIA
www.bnm.gov.my
35
RAHSIA
Financial Sector Blueprint 2011 – 2020 placed further importance on
financial inclusion agenda
Innovative products &
services
Innovative channels
Effective FIs &
infrastructure
10
financial
inclusion
strategies
under the
Financial
Sector
Blueprint
Broad
Strategies
An inclusive financial system that best serves all members of society, including the
underserved, to have access to and usage of quality, affordable essential financial services
to satisfy their needs towards shared prosperity
1 2 3
High Take-up
Convenient accessibility
Responsible usage
High satisfaction
Desired
outcomes
for the
underserved
Well informed & responsible underserved
4
Vision
1. Agent banking
2. Technology based
innovative channels -
mobile banking
3. Flexible micro-
financing
4. Micro-savings
product (pilot –
BSN)
5. Micro-insurance/
takaful (pilot –
Prudential &
Allianz)
6. Strengthen DFI’s
capabilities in
financial inclusion
7. Structured training
programmes in
financial inclusion
8. Measurement
framework & Fin.
inclusion index
9. Leverage NGOs for
capacity building
programmes (pilot)
10.Financial
literacy
36
RAHSIA
Innovative outreach channel via Mobile LINK
• Mobile LINK was launched on 9 Dec 2011;
• It is an innovative channel to achieve greater outreach in serving communities of semi-urban and rural areas;
• Terminals in coach are connected to CCRIS(Central Credit Reference Information System), Consumer Redress Mechanism System (CRMS) and BNM’s website
• Services provided include enquiry on CCRIS and financial advisory on financial products
Background Achievements to date (as at September 2014)
269
47,419
No. of sub-districts covered
No. of participants benefited
97.20% Overall Satisfactory Level
30.05% Average Knowledge Enhancement
SECURITIES COMMISSION MALAYSIA
www.sc.com.my
www.investsmartsc.my
Multiple Modalities: App, Print, Digital & Social
Aimed to assess students’ ability to promote
the concept of money management and
investing for the future via the peer-to-peer
approach.
Most innovative and effective financial education initiatives for young people
2nd Global Policy Research Symposium to Advance Financial Literacy
Team competition for undergraduate students
Child size replica of the Banknote factory Children webpage
… and general public audience
2nd Global Policy Research Symposium to Advance Financial Literacy
Money museum Games in
financial education exhibition
CENTRAL BANK OF NIGERIA
www.cenbank.org
School Reach out and Mentoring in secondary Schools
School Reach Schools School Reach out
Initiative is targeted at secondary school children aged between 10 – 14 years
To teach them about importance of savings and personal financial management
Sessions are facilitated by the Governor & Deputy Governors of CBN, Heads of other regulatory authorities MDs/CEOs of Banks and other top executives in the financial system
So far, over 50 schools have been visited and
more than 5000 school children reached.
Reach out and Mentoring in Secondary Schools
Introducing the
world of money
Children will learn…
• what is saving
• how to save
• how to grow their money
• how to protect their money
NN
NN
THEATER PLAY
FINANCIAL EDUCATION FAIRS
Contact information:
Juan Carlos Chong Superintendency of Banking, Insurance and Pension Funds
FINANCIAL EDUCATION FAIRS
The goal of the program is to create awareness about the value of money and promote good saving habits on children through recreational and educational
activities.
Contact information:
Juan Carlos Chong Superintendency of Banking, Insurance and Pension Funds
THE SAVING CIRCUIT
BANK OF THAILAND
www.bot.or.th/english
Successful financial education initiatives “A regular reminder of an efficient financial management” – monthly infographic newsletter launched via email on the ‘pay day’ to all BOT’s employee and other subscribers
Financial crime How to manage your salary
How to pay cheaper in installment loans
Visit us
Website: www.1213.or.th Facebook: www.facebook.com/hotline1213
Our address: Financial Consumer Protection Center
Bank of Thailand Headquarter Samsen Road, Pranakhon, Bangkok, Thailand, 10200
Bora ORUÇ
Executive Vice Chairman
An online learning platform designed to offer basic
information on financial issues
Open to everyone
Provides opportunity to measure participation,
completion rates and success of the participants
Supported by mobile
applications
UNITED STATES CONSUMER FINANCIAL PROTECTION BUREAU
www.consumerfinance.gov
consumerfinance.gov/parents
AUSTRIA THREE COINS
threecoins.org cure-runners.at
BRASIL ASSOCIAÇÃO BRASILEIRA
DAS ENTIDADES DOS MERCADOS
FINANCEIRO E DE CAPITAIS (ANBIMA)
portal.anbima.com.br
CHALLENGES
• Coverage of a large number of people
• Accessible cost
• Easily scalable, without largely depending on the Association
• Attractiveness
SOLUTION
• Creating partnerships with universities
• Creating a distance learning course without tutoring
• Using a free and open platform
• Offering bonuses to students who finish the course
LEARNING COMMUNITY
(students could talk to each other)
+ COURSE WITH INNOVATIVE
LANGUAGE AND APPROACH
HOW TO INVEST IN YOU
RESULTS FROM THE PILOT
• 921 students enrolled (of a total of 7,000)
• 115 students approved
• 948 posts in five mandatory forums
• 48 free forums created by students
HOW TO INVEST IN YOU
PRELIMINARY FIGURES OF
THE SECOND CLASS
• 3872 students enrolled (of a total of 12,000)
• 865 students taking the course
More than
of the students agree that
• The course changed the way they approach their financial life;
• They managed to establish connections between the contents and their professional life;
• The participation in the course brought new ideas about how to use money conscientiously;
• They would refer the course to friends and family.
The possibility of taking the course
online was important in the decision to
enroll for 95% of the students
83% of the students thought that the course met their expectations
14% of the students thought that the course exceeded
their expectations
www.econ.muni.cz
preparing University students to deliver
financial education to underprivileged
individuals through NGO’s and community
groups
ensuring a regular flow of people
delivering financial education
helping further promote the volunteering and
citizenship ideas and build civil society in the
Czech Republic
introducing long-term and sustainable concept
of financial education for adults resulting in
system's change
Citi – Masaryk University Financial Capability Program
Barbora Chmelíková
Department of Finance
Masaryk University
www.econ.muni.cz
Seminars at Children‘s Home
The university students prepared a lecture aiming at financial literacy.
Barbora Chmelíková [email protected] Department of Finance +420 737 588 725 Masaryk University
Contact:
FRANCE ALERTEDUCATION
WWW.ALERTEDUCATION.EU
+
The main barriers
preventing
financial education
programmes from
reaching all young
people in France
Financial education :
is not integrated in the curricula
is not integrated in the initial and in-service training of teachers and principals
is left to the initiative of some teachers and so is not compulsive : a source of inequity
is not a priority for French parents, who are mostly focused on what they call “the basic skills”
Two powerful French institutions are fighting against interdisciplinarity and cross-curricular competencies : the General Inspectorate in charge of the programs at the national level and some conservative and powerful teachers' unions, controlling the recruitment of teachers also at a national and regional level.
OECD Symposium on Financial Education November 4th-6th
+
Ways of overcoming
these barriers
To enable students to develop an awareness of, have autonomy ,
the ability to make choices and take personal responsibility for
their financial future and so discover their own motivations and
potential - we have to involve companies in the daily life of the
schools.
In the school of the 21st century, we have to enable teachers to
work with assistants and external partners, thus practising
teamwork with European institutions, research institutes,
universities, science centres, companies , associations involved in
science, arts, financial education, ...
We should take some successful and inspiring practices in Europe into account, mostly introduced by a public-private partnership – Foundation - initiating change at school.
OUR PROPOSAL :
USE of the 3 weekly hours at the disposal of the municipalities
to organize activities developing “soft skills” such as communication, teamwork, decision-making, organizational skills and self-confidence
through scientific experimentations, coding, financial and
entrepreneurial education and the practice of English for all
French children between 5 and 12 years.
OECD Symposium on Financial Education November 4th-6th
[email protected] – 01 44 50 00 80
Our most innovative and effective education initiatives
Acting through large banks and financial institutions
Books diffusion (120 000 copies)
Dedicated trainings for clients and/or employees (35 000 trainees)
Educating pupils and students with
specifics courses and pedagogic tools
[email protected] – 01 44 50 00 80
« lafinancepourtous.com »
dedicated to financial education
Website created in 2007 3 million plugs /year over 5 000 articles published 130 training programs, …
Specific education section
QUIZ
Thomas Piketty
PlaNet Finance’s approach to financial education
75
PlaNet Finance has an approach centered on durable social development through programs which
involve microfinance, education, health, environmental protection and support for agricultural value
chains.
Our approach to financial education
Financial education provides
individuals with the knowledge, skills
and attitudes required to adopt good
money management practices.
It plays a critical role in helping
people manage and preserve their
resources while working towards
their financial goals.
Financial education benefits both
low-income customers and
financial institutions.
THE INITIATIVE FOR EMBEDDED
FINANCIAL EDUCATION (IEFE):
Our approach aims to help institutions to
embed financial education services
seamlessly into their existing operations,
to ensure ongoing implementation at low
running costs.
The embedded approach is centred on
understanding both customers’ needs
and the financial institutions’ objectives.
By pin-pointing interactions with clients
along the business process and turning
these into teachable moments, the
methodology helps inclusive financial
institutions to integrate financial
education services into their value
proposition. This approach leverages the
customer interest in a financial product
into a teachable moment when there is a
higher level of receptiveness to an
educational message.
• E.g. educational short films
shown in branches
Marketing
• E.g. budgeting handbook
• E.g. in-branch training
sessions
Credit evaluation
• E.g. educational cartoon
series
• E.g. educational SMS
campaigns
Monitoring
Our approach
Ou
tco
me
s
Lessons learnt from financial education projects in South Africa
76
In designing many financial education programs using the embedded approach IEFE, PlaNet
Finance has learnt extensive lessons that are beneficial to future projects. IE
FE
- H
olla
rd I
ns
ura
nce
IE
FE
- S
ave
Ac
t
Aim: Provide insurance-related education
highlighting benefits, providing details on
operating, and explaining how insurance
applies to consumer lives through a
mobile learning solution
Beneficiaries:
1,850 clients have received messages on
their insurance policies
The step forward:
Implement client-triggered learning
Aim: Develop financial education programs
targeting rural and peri-urban low-income
women that were members of the SCG*
Beneficiaries:
3075 SCG members have attended to
Financial Education sessions
The step forward:
SaveAct and PF are aiming at scaling
SaveAct’s ‘stepped approach’ up in other
provinces in SA and in Zambia
* Savings and Credit Group
Les
so
ns le
arn
t
Ensure the strong involvement of the
staff in developing the content and
materials of financial trainings 1
Make realistic expectations of staff
competences as facilitators given their
core role, responsibilities, and past
experience
2
Implement regular and repetitive touch-
points as it offers the best opportunity to
educate clients 3
Provide incentives and rewards for staff
and customers to enhance the impact and
success of the program. 4
Use very straightforward educational
messages and make use of limited time 5
GUATEMALA ASOCIACIÓN PARA EL
DESARROLLO INTEGRAL GUATEMALTECO (ADIG)
www.adig.org.gt
Innovations on Financial Education
81
•Combining social and financial education and showcase how one makes the other stronger •Developing social and financial education curricula for all life stages (Pre-primary(3-6 years), primary(6-14), secondary(14-19 years) and curriculum for non-formal education. https://www.youtube.com/watch?v=3RbCtAytH-Q (One minute Video) •Developing financial literacy lessons while taking into consideration the needs in improving quality of education through active learning methods and experience based reflections https://www.youtube.com/watch?v=318esP3QLHU (One minute video)
Innovations on Financial Education
82
•Integrating financial literacy in other educational interventions (reproductive health, psychosocial development, Agriculture, peace building etc) because it emphasizes how life skills are complex and inter-related •Delivery of Financial Education in juvenile detention centers
• Going beyond cognitive and ‘nudging’ young people to really practice the savings habit
•E-learning for Youth on Financial Education https://www.youtube.com/watch?v=jN6SI-tXb2g (One minute video)
UNITED KINGDOM CITIZENS ADVICE
www.financialskillsforlife.org.uk
Citizens Advice
Money skills ‘champions’ project
Citizens Advice combined its financial education expertise
with the experience of leading youth organisations to deliver
this Barclays funded project in the UK between 2011 and
2014.
The project increased the financial awareness of 16-24 year
olds, particularly NEET (not in Education, Employment, or
Training) young people, through an innovative peer
education model.
Young people were trained as 'champions' improving their
financial knowledge and capability, and equipping them with
the skills to share this information with their peers.
www.financialskillsforlife.org.uk [email protected]
Citizens Advice
Money skills ‘champions’ project
With the
proposed cuts
and changes
to benefits, I
believe there
will be even
more people
who need help
from CAB in
the future.
5,200 young people trained as ‘champions’.
120,000 young people reached in total through peer education.
76% of 'champions' said they were now saving at least £5 per month, compared to 24%
before the programme.
120 Citizens Advice Bureaux involved in training the ‘champions’ using their existing
financial education skills to extend their services to young people.
www.financialskillsforlife.org.uk [email protected]
Financial Literacy in the Schools of Catalonia (EFEC)
EFEC PROGRAM (Since 2012)
-Public-Private Partnership
Between IEF, the Regional Government and six financial institutions
-Corporative Volunteer Program under EFEC label
Volunteers from financial sector teach financial literacy to students in the final academic year.
- Five different workshops
- Previous training by IEF
- Workshops based in PISA assessments.
Whole Catalan territory
www.educacionfinanciera.com [email protected]
EFEC 3rd Edition 2014/2015
300 schools
Over 19.000 students 3.600 workshops
600 volunteers
Financial institutions
Department of Education
Volunteers
Schools
Prepare dissemination
elements to attract volunteers
Prepare dissemination
elements to attract schools
Spread the project and request participation of public schools Explain the project to
private schools
Volunteers trained by IEF in pedagogical skills and contents of the
5 different workshops (4h)
Workshops
Volunteers select workshops scheduled by the schools. The training is always under EFEC project label.
IEF manages all logistic issues to ensure the development of the workshops
Poll
Schools schedule dates and times of the workshop
Volunteers respond to satisfaction surveys
Schools and students respond to satisfaction surveys
Final project event
At the end of the project recognizes volunteers and schools participation in a public event.
Spread the project and requested participation of volunteers
Financial Literacy in the Schools of Catalonia (EFEC)
www.educacionfinanciera.com [email protected]
UNITED STATES THE SMITH COLLEGE
CENTER FOR WOMEN AND FINANCIAL
INDEPENDENCE
www.smith.edu/wfi
The Smith College Center for
Women and Financial Independence www.smith.edu/wfi
Increasing Financial Literacy through…
Non-Credit Courses
Online Global Outreach – online course on Financing Life by Prof. Randy Bartlett
www.smith.edu/wfi/online_course.php
Lunch & Learn - offered to Smith students, faculty, staff, and the larger community
Financing Life by Prof. Randy Bartlett
Principles of Investing by Prof. Roger Kaufman
Hands on Experience and Workshops
Dollars and $ense – college money management for all incoming students
From Backpack to Briefcase – personal finance boot camp for graduating seniors transitioning from college to the real world
saving, home buying, retirement planning
“How Do I?” Speaker Series
Taught by leading industry professionals
Topics Include:
Budgeting, Saving, Taxes, Insurance, Retirement, Financial Planning
Stocks , Bonds, Mutual Funds, Index Funds, and Portfolio Diversification
Investment Club
Student-run
organization with
about a $200,000
endowment
Peer Outreach
Program
Students teach
personal financial
management and
skills to local middle
schools, high schools
and teenage mothers
Global Financial Institutions Concentration www.smith.edu/gfic
Intro. to Global Financial Markets
Lecture series taught by faculty, industry professionals, and leading scholars in the field
5 Courses
Math, statistics, and finance
2 Internships
In financial institutions
1 Workshop
Excel
Entrepreneurship Program
Educating women on…
preparing business plans, fundraising for self-employment, and receiving venture capital
2 J-Term Courses
Intro. to Entrepreneurship, Entrepreneurship & Innovation
Annual Draper Collegiate Women Entrepreneurs Competition
compete for prizes and enter incubators to develop their business
Public Lectures to Increase Awareness
Director of the Center speaks on the need for providing financial education and improving the degree of financial literacy among women to Smith College alumni and the public
Research and Presentation on Financial Literacy
Disseminating research results on financial knowledge, financial attitude, retirement planning and saving, and financial behavior of educated women
The Smith College Center for
Women and Financial Independence www.smith.edu/wfi
WSBI and ESBG By fostering real-life enjoyable financial
experiences and thereby enhancing
such skills, Europe’s savings and
retail banks emphasize the importance
of acting responsibly with due consideration
to the general interest and to
other people.”
Chris De Noose
(Managing Director, WSBI-ESBG)
WSBI and ESBG What is the European Stock Market Learning Initiative?
• European initiative to enforce literacy of young people in business
and financial affairs through an online simulation of financial
investments;
• National and cross-border competition for teams of pupils (15 and
older) and students run by European savings and retail banks;
• Launched in 1983 in Germany and since 1999 joined by further
ESBG members, so that currently five countries participate;
• Since 1983 about 7.5 million pupils and students have participated
in the annual stock market simulation with more than 45,000
teams per year;
Laura Gutiérrez: [email protected]
UNITED KINGDOM MYBNK
www.financialskillsforlife.org.uk
Specific – specialist dedicated trainers
Unique – embracing creative & new teaching methods
Participatory – learning by doing
Effective – to meet the needs of a range of young people
Relevant - bringing money to life for young people
We live, SUPER
We get young people running their own banks, saving their money and building their own businesses.
“One of the most memorable and unforgettable learning experiences I have ever had”. 16-year-old Monet Twist participant.
TURKEY VISA EUROPE
www.paramiyonetebiliyorum.net
I Can Manage my Money
Launched in 2009
Total volunteers: 500+
Total reach: 760,000 young people
Financial education programme targeting to raise the financial
literacy level of young people aged 15 to 30
The project is implemented in 72
cities accross Turkey
@paraniyonet paramiyonetebiliyorum www.paramiyonetebiliyorum.net
• Sectoral initiatives work better than individual ones
Visa Europe’s member banks in Turkey came together and join their forces for a social cause
• Strong and dedicated partnerships perform
It works best when the state, international organisations, NGOs and the private sector join
forces
• Peer to peer education model works
Creating a familiar environment where young trainees feel much more at ease to participate
and ask questions
• Social media increases engagement
Social media is the perfect tool to reach the young generation and is an ideal platform where
they can easily discuss and share their opinions
• Segmentation works
A single training content may not fit all – training curriculum should address the needs of
different age groups
Learnings and differentiating points
@paraniyonet paramiyonetebiliyorum www.paramiyonetebiliyorum.net
2nd GLOBAL POLICY RESEARCH
SYMPOSIUM TO ADVANCE FINANCIAL
LITERACY
6 November 2014 – OECD Conference Centre – Paris
www.oecd.org/finance/financial-education
www.financial-education.org
#OECDfe