Financial education has become an important complement to market conduct and prudential regulation and improving individual financial behaviours a long-term policy priority in many countries. The OECD and its International Network on Financial Education (INFE) conducts research and develops tools to support policy makers and public authorities to design and implement national strategies for financial education.
At their summit in June 2012, G20 Leaders endorsed the High-level Principles on National Strategies for Financial Education developed by the OECD and its International Network on Financial Education (INFE). In February 2013, G20 Finance Ministers and Central Bank Governors confirmed their interest in these issues and called for the OECD, under the aegis of the Russia’s G20 presidency, to prepare a progress report on the development of national strategies.
The resulting joint publication by Russia’s G20 Presidency and the OECD titled Advancing National Strategies for Financial Education monitors progress by the governments of the world’s major economies in implementing national strategies for improving financial education. This study was launched by Russian Finance Minister Anton Siluanov and OECD Secretary-General Angel Gurría at the G20 Summit in Saint Petersburg on 5 September 2013.
A further progress report was circulated to ministers and central bank governors at the G20 meetings in September 2014.
DOCUMENTS AND LINKS
OECD/INFE progress report to G20, September 2014
Advancing National Strategies for Financial Education, A Joint Publication by Russia's G20 Presidency and the OECD (2013)
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