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About the OECD/INFE Technical Assistance Project on Financial Education in the CIS

 

The OECD/INFE Technical Assistance Project on Financial Education in the Commonwealth of Independent States (CIS) supports the design, implementation and evaluation of financial education strategies in the region. Partner countries include Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

The project was launched in 2017, following on from the OECD's co-operation with the Russian Presidency of the G20 in 2013, and is now in its second phase. Priority focus areas include:

  • Regional dissemination and hub/platform on financial literacy
  • Tracking progress on financial literacy, new analyses and regional database on financial literacy

  • Support and guidance on the implementation of financial literacy policies and practices,

  • Research, policy analysis and guidance on financial literacy and related financial consumer protection aspects

This project is led by the OECD International Network on Financial Education (INFE) and builds on its internationally recognised expertise and longstanding commitment to advancing financial literacy around the world. It is carried out with the financial support of the Ministry of Finance of the Russian Federation and benefits from its technical expertise and participation in project activities. The project also benefits from the expertise of the G20/OECD Task Force of Financial Consumer Protection.

 

Phase I (2017-2019)

Phase I of the project spanned six countries (Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyz Republic, and Tajikistan) and focused on four work streams:

  • Collecting data and analysing financial literacy levels and gaps, producing the first CIS regional database on financial literacy based on individual data using the globally-vetted OECD/INFE Toolkit for measuring financial literacy and financial inclusion.

  • Developing, implementing and reviewing effective national strategies for financial education, by supporting stakeholder engagement, communication strategies, and promoting tools for monitoring and evaluation.

  • Addressing the financial literacy needs of young people both inside and outside the school system.

  • Identifying and meeting the financial literacy needs of migrants and their families.

Download the Phase I Summary Report

 

 
Phase II (2020-2022)

Phase II of the project of the project spans seven partner countries (Armenia, Azerbaijan, Belarus, Kazakhsan, Kyrgyzstan, Tajikistan and Uzbekistan). Building on achievements of Phase I, the project will continue to develop:

  • Data work by expanding the data gathering and deepening the dedicated dataset for regional work in the CIS, as well as tracking progress in financial literacy across target groups.

  • National strategies by supporting individual project members in designing their national strategies, looking into effective implementation policies, as well as monitoring and evaluation practices.

  • New themes of relevance related to credit, overindebtedness, digital financial services, and specific target groups.

  • Peer learning - Knowledge sharing by advancing the regional dialogue and introducing peer learning exercises.

  • Dissemination: (i) Upgrading the CIS web presence (ii) Organising the annual project conference; (iii) Organising networking events.

     

 

 

 

 

 

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