The design and implementation of effective financial education programmes requires a robust mechanism for monitoring and evaluating their efficiency. The OECD invited comment on Draft High-level Principles for the Evaluation of Financial Education Programmes via a public consultation between 5 August and 5 September 2011. Comments received will be taken into account before a finalised version is submitted to delegates for adoption.
These draft Principles have been developed by the OECD and its International Network on Financial Education (INFE) as a complement to the 2005 OECD Recommendation on Principles and Good Practices for Financial Education and Awareness. They are for use by policy makers, programme designers and other stakeholders and relate to the monitoring and evaluation of a wide variety of financial education provisions, from individual courses and seminars to large scale programmes and media campaigns. The evaluation of national strategies requires evaluation of the component parts, and these principles are therefore of relevance in all countries regardless of whether or not there is a national financial literacy strategy.
The evaluation of school programmes is not within the scope of these Principles and Recommendation. The OECD and its INFE are developing OECD Guidelines on Financial Education at School and Guidance on Learning Framework to address the delivery and evaluation of financial education in schools.
>> Draft High-level Principles for the Evaluation of Financial Education Programmes (PDF).
>> OECD Recommendation on Principles and Good Practices for Financial Education and Awareness (2005)
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