Latin America and Caribbean Regional Conference on Financial Education - Russia Trust Fund

CARTAGENA, COLOMBIA - October 31 - November 1, 2012 – The Ministry of Finance of Colombia, the World Bank and the OECD organized a conference titled "Progress of global policies and practices and Latin American experiences".

Policymakers globally are increasingly concerned about the impact of low levels of financial literacy of their citizens. Lack of awareness about basic economics and personal finance prevent individuals from making informed decisions in an increasingly complex financial marketplace. This can have negative spillovers on individuals' wellbeing and that of their households and can ultimately hold back overall economic advancement in society.

The conference addressed the progress made so far in the development of policies, instruments and analysis by policy makers seeking effective approaches to developing financial literacy as an essential life skill for the 21st Century. The conference was global in scope but with a special focus on Latin America and the Caribbean: countries in the region have implemented successful solutions in the field of financial education in response to the financial literacy needs of their populations, to enable them to profit fully from sustained economic growth and expanding financial markets.

Examples of such solutions were presented together with the high-level guidance and practical toolkits developed under the Russia/OECD/World Bank Trust Fund on Financial Literacy and Education, including a recommendation on national strategies for financial education, practical tools and guidance on the measurement of financial literacy and methods for program evaluation together with additional outputs focusing on financial education in schools and for hard-to-reach groups.

pdf documents
Developing National Strategies, Measurement Tools and
Program Evaluation Methods
Financial Literacy & Education in Low and Middle Income Countries: Measurement and Effectiveness
Robert Holzmann, World Bank
Tendencias de la Educación Financiera en América Latina
Diana Mejía, Latin American Development Bank (CAF)
Developing National Strategies for Financial Education: OECD/INFE Principles and Roundtable of Latin American Experiences
National Strategies for Financial Education
André Laboul, OECD
Estrategia Nacional de Educación Financiera: Colombia
David Salamanca, Ministerio de Hacienda y Crédito Público, Colombia
Developing National Strategies for Financial Education: The Mexican Case
Ana Luisa Saavedra, Ministry of Finance and Public Credit, Mexico
Developing a National Strategy for Financial Education
Joao Evangelista de Sousa Filho, Central Bank of Brazil
Measuring Financial Literacy and Capability: International Tools and Evidence
OECD/INFE Tools for Cross-country Surveys of Financial Literacy
Adele Atkinson, OECD
Review of Existing Financial Capability and Literacy Measurement Instruments
Valeria Perotti, World Bank
Measuring Financial Capability in a Low- and Middle-income Setting
Elaine Kempson, University of Bristol, Kinnon Scott and Valeria Perotti, World Bank
WB Consumer Protection and Financial Capability Surveys: An Introduction 
Siegfried Zottel, World Bank
Measuring Financial Literacy and Capability: Latin American Experiences
Midiendo la Educación y Capacidad Financiera: Experiencia Peruana
Roxanna Buendia, Superintendencia de Banca, Seguros y AFP, Peru
Measuring Financial Capability in Mexico
Luis Trevino Garza, Comisión Nacional Bancaria y de Valores, Mexico
Lessons from the 2012 Colombian and Mexican Financial Capabilities Surveys
Rekha Reddy, World Bank
Financial Capability Survey
Dairo Estrada, Banco Central de Colombia
Conocer, comprender y hacer Encuesta Nacional de Capacidad Financiera
Ana Caro, Head, Banco Central de Uruguay
Issues and Methods in Program Impact Evaluation
Evaluating Financial Education Programmes OECD/INFE Principles and Tools
Flore-Anne Messy, OECD
A Toolkit for the Evaluation of Financial Capability Programs in Low and Middle Income Countries
Kata Mihaly, Rand Corporation
From Shop to Stock: Understanding and Improving Investor Behavior in Brazil
Aiden Coville, World Bank
Evaluating the Effectiveness of Mexico’s Credit and Savings Disclosure Reforms
Rafael Mazer, CGAP
Impact of Financial literacy on Savings Behavior: Evidence from Uttar Pradesh (India)
Leopold Sarr, World Bank
Moneywise Programme
Olaf Simonse, Ministry of Finance, Netherlands
Targeted Financial Education Programs and Innovative Designs
Financial Literacy: Is There a Gender Issue?
Women and Financial Literacy in New Zealand
Diana Crossan, Commission for Financial Literacy and Retirement Income, New Zealand
Financial Literacy: Is There a Gender Issue? Evidence, Global Trends and Case Studies from Latin America
Sue Lewis, OECD
Educación Financiera y Género en Colombia
María Del Pilar Esguerra Umaña, Central Bank of Colombia
Financial Education in the Classroom
Financial Literacy in the Classroom
Flore-Anne Messy, OECD
Financial Education in Public High Schools
Sylvia Morais, Associação de Educação Financeira do Brasil
Impact Evaluation of Brazil’s School Based Financial Education Program
Miriam Bruhn, World Bank
Avances del Programa Gremial de Educación Financiera de la Banca Colombiana “Saber más, ser más” Educación Financiera Para Niños y Jóvenes
Daniel Castellanos, Asobancaria, Colombia
Child & Youth Finance International
Jared Penner, Child & Youth Finance International
Informing and Inspiring Changes in Financial Behavior: A Kenyan Experiment
William Jack, Georgetown University
Accessing Hard to Reach Groups
Accessing Hard to Reach Groups: Providing Financial Education to the Financially Excluded
Adele Atkinson, OECD
Measuring the Impact of Financial Education and Services: Moving Beyond Conditional Cash Transfer Programs in the Dominican Republic
Dylan Ramshaw, Innovations for Poverty Action
Using Media and Lotteries to Encourage Savings through Learning-by-Doing Evidence from a Large-scale Savings Promotion in Nigeria
Alex Kaufman, U. S. Federal Reserve Bank
La Protección Como Instrumento de Sostenibilidad en la Inclusión Financiera
Jorge Castaño Gutiérrez, Superintendencia Financiera de Colombia
La Protección Como Instrumento de Sostenibilidad en la Inclusión Financiera
María del Pilar de la Torre, Superintendencia Financiera de Colombia
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