FINANCIAL EDUCATION FOR YOUTH AND IN SCHOOLS

International guidelines and effective practicesAssessing needs and tracking progress :

PISA Financial Literacy

Flore-Anne MessySenior Policy Expert Executive Secretary of the International Network on Financial EducationOECD Financial Affairs Division

“We recognize the need for women and youth to gain access to financial services and education, ask the GPFI, the OECD/INFE, and the World Bank to identify barriers they may face and call for a progress report to be delivered by the next Summit”

G 20 Leaders’ Recognition, June 2012

Outline

I. Importance of financial education for youth : Increasing needs....

I. Needs which cannot be adequately met without policy intervention

I. Investing in financial education for youth and in schools bears multiple fruits

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I. ....but is challenging in most countries

II- OECD/INFE policy tools on financial education for youth and in schools

II- Findings from OECD/INFE Survey on financial education and youth

II- OECD/INFE guidelines and effective practices to promote financial education in schools

1. Framework and modalities : main issues

1. Content and scope of Financial Education in Schools

1- Monitoring and and evaluation are essential but limited

2- Involvement of key and relevant stakeholders :Public authorities & processPublic authorities & process

2- Involvement of key and relevant stakeholders :Teachers and civil actorsTeachers and civil actors

2- Involvement of key stakeholders : The role of the private sector

3-Support to implementation :Design and promotion of efficient means & tools

3- Available and adequate resources

3- Right incentives and supporting activities

III- First international measure of Financial Literacy of Youth Programme for International Student Assessment (PISA)

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III- PISA Financial Literacy first results in 2014– what they will offer?

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III- Preparing PISA FL 2015

THANK YOU!

Flore-anne.messy@oecd.org

www.financial-education.org