The 2015 OECD-GFLEC symposium is addressing financial literacy for micro, small and medium-sized enterprises and harnessing financial education to spur entrepreneurship and innovation.
Money remitted by international migrants is a major source of income for many countries. Yet individual migrants and their families are often amongst the most vulnerable people in society, and many face significant barriers to the access and use of appropriate financial products. This paper looks at key challenges and how governments can take measures to support migrant workers and their families and improve their financial literacy.
The symposium took place on 22-23 January 2015 in Tokyo, Japan, and addressed cutting-edge policy issues and research ideas to promote long-term financial planning through financial education.
This seminar addressed cutting-edge policy issues and research ideas to promote financial inclusion and financial literacy in Asia, notably: national strategies for financial education; financial education and consumer protection; measuring financial literacy; and, financial literacy for micro-entrepreneurs and SMEs.
Discussions at this OECD-GFLEC event addressed the status of financial literacy around the world, the impact of the institutional framework, innovative ideas and how to translate research into policy and practice.
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As requested by G20 leaders, this progress report on financial education provides updates on work by the OECD and its International Network on Financial Education (INFE) since the G20 summit in St Petersburg in 2013. The report was circulated to G20 Ministers of Finance and Central Banks Governors at their meeting in Cairns on 20-21 September 2014.
The Task Force supports the implementation of the G20 High-level Principles on Financial Consumer Protection, specifically to arm policy makers and financial authorities with a body of knowledge, including comparative analyses of approaches adopted by a cross-section of economies, to inform their efforts to implement the Principles in their economies.
The results of the first international assessment of 15-year-old students’ financial literacy competencies were presented in Paris on 9 July 2014.
The first OECD PISA international assessment of financial literacy examined 15-year-old students’ performance in financial literacy in the 18 countries and economies that participated in this optional assessment.
The OECD and its International Network on Financial Education (INFE) is developing guidelines intended to address the involvement of private and not-for profit stakeholders in the development and implementation of national strategies for financial education.