Measurement resources in this section cover methodology of data collection and data analysis that are critical to successful development of financial capability and financial consumer protection. Impact Evaluation resources cover methodology, examples, and lessons from evaluating impact of programs designed and implemented to strengthen financial capability and consumer protection.

  • A Toolkit for Evaluation of Financial Capability Programs in Low- and Middle-income Countries

    The Russia Trust Fund's Toolkit focuses on the specific challenges of evaluating financial capability interventions in the low-income and middle-income country setting. This Toolkit provides a practical guide to the various aspects of conducting such evaluations that address the specific needs of financial capability programs in the developing world. Also available: Summary (PDF)

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  • Summary - Evaluation Studies of Programs to Enhance Financial Capability in Low- and Middle-income Countries

    This booklet summarizes the World Bank's study of field evaluations and highlights the lessons learned from their implementation. The evaluations were selected based on their innovative nature and potential to develop and illustrate solutions to methodological challenges.

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  • Harnessing Emotional Connections to Improve Financial Decisions: Evaluating the Impact of Financial Education in Mainstream Media

    This study measures the effects of a financial literacy message delivered through a soap opera called "Scandal!" to [missing] low-income households in South Africa. The study finds that viewers who watched the storyline related to financial literacy showed significant improvements in financial knowledge and behavior, including greater likelihood to borrow from formal sources and reduced gambling.

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  • Social Networks, Financial Literacy and Index Insurance

    This study examined the effects of financial literacy training as well as targeted discount vouchers in encouraging farmers in rural India and Kenya to take up index-based weather insurance. The study found that while the vouchers only had effects on direct recipients, the financial literacy materials, delivered through a comic book, had positive spillover effects in higher uptake of drought insurance.

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  • The Impact of Financial Literacy Training for Migrants

    This paper presents the results of a randomized experiment designed to measure the impact of providing financial literacy training to migrant workers in Australia and New Zealand. The training increased financial knowledge and information seeking behavior and reduced the risk of switching to costlier remittance products.

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