FULL LIST OF FINANCIAL INCLUSION

Globally, Young people access financial services at roughly half the rate of adults.  According to the World Bank’s Global Findex database, youth are 40% less likely to save at banks and 60% less likely to have borrowed.[1]  Without these services, young people have fewer means to manage their assets, invest in education, or grow businesses.  In response, youth inclusive financial services programs are working with regulators, financial services providers, and informal savings group promoters to increase young people’s access to appropriate savings, credit, payment, and insurance products.  At the same time, recognizing that youth often lack the knowledge or experience to use services effectively, programs are offering financial education and life-skills training and information to boost financial capability. 

Over the past three years there has been a growing awareness of the importance and viability of finance for youth among service providers.  However, overall access has not changed significantly, with the proportion of youth savings and borrowing formally barely changing.  In response, youth-inclusive practitioners are looking more closely at the potential of new technologies to boost access and capability - at digital payments and mobile wallets to lower the costs of providing services, “big data” to help banks understand the youth market and reduce the risk of lending, and smart phones to offer new convenient and inexpensive means to teach financial education to youth.  At the same time, there is renewed interest in old technologies such as savings groups to expand access to youth.  Through these new and old technologies, practitioners are working to boost financial inclusion significantly among youth.

 

Learning from Our Youth: Saving for Education

Center for Financial Inclusion & Accion

We celebrate our youth and their achievements and reflect on the goals of “eradicating poverty and achieving sustainable consumption and production” for the youth of this generation. To achieve these goals, a culture of saving money consistently over time will be important.  

Learning from Our Youth: Saving for Education

Center for Financial Inclusion & Accion

We celebrate our youth and their achievements and reflect on the goals of “eradicating poverty and achieving sustainable consumption and production” for the youth of this generation. To achieve these goals, a culture of saving money consistently over time will be important.  

UNLEASH Innovation Lab 2017 is open for applications

UNLEASH

Are you the next SDG Talent?

UNLEASH Innovation Lab 2017 is open for applications – and you are invited!

To find smarter, faster, and cheaper ways to reach the Sustainable Development Goals we need next generation solutions from bold thinkers and leaders. UNLEASH will bring 1,000 hand-picked talents from around the world together to ideate and collaborate on new solutions in Denmark from August 13th-21st, 2017.

Boosting Youth Employment in MENA

International Finance Corporation (IFC)

Youth unemployment is among the most pressing challenges facing the Middle East and North Africa region today. The jobless rate for young people aged 15-24 in the region hovers at almost 30 percent, one of the highest in the world and has persisted for more than a decade. Although a young labor force represents a source of great potential, many countries in the region struggle to create opportunities for these youth.

Financial Education + Life Skills = Girl Power

Aflatoun

It’s 8 March 2017, International Women’s Day. As my colleague David beautifully said: “It’s a day to remember that women are not treated equally to men across the world. It’s a reminder that women worldwide are exposed to shocking abuse from sexual violence and female genital mutilation, to forced early marriage and deprivation of their most basic rights.

Financial Education's Contribution to Girls' Economic Empowerment: A Global Review

Aflatoun
Globally, there are 600 million adolescent girls in developing countries who face challenges to education and health services and too often face persistent discrimination and violence. They frequently have limited opportunities to gain the education, knowledge, resources, and skills that can lead to economic advancement.
 

Finding a Formula for Youth Economic Empowerment

Plan International
Plan International’s Banking on Change program shows how providing girls and young women with savings skills doesn't just produce financial rewards.
 
“We were just using the money anywhere,” says Cleopatra, a 20 year-old young woman from the Central Province of Zambia, describing the challenge she once faced managing her family’s finances.
 

Financial Inclusion for Children and Youth

Child & Youth Finance International (CYFI)
This paper is part of the Child and Youth Finance International Landscape Series. Each paper in the Landscape Series looks back on the developments of recent years and looks forward to the future. This paper focuses on financial inclusion for children and youth. 

Global Inclusion Awards 2017

ORGANIZER: 
Child & Youth Finance International (CYFI)
DATE: 
May 3, 2017 (All day)

The Global Inclusion Awards 2017, a CYFI initiative, recognise and honour those that achieve greatness and demonstrate innovation in financial, social and livelihoods education, financial inclusion, and entrepreneurial support for children and youth at the national, regional and international level.

Financial Literacy Conference

ORGANIZER: 
National Institue of Education Singapore
DATE: 
Mar 9, 2017 (All day) to Mar 11, 2017 (All day)
The Financial Literacy Conference 2017 will be held from 9 to 11 March 2017 in Singapore with the theme “Expanding Possibilities”.
A highlight of the conference will be the sharing by educators, researchers, and practitioners on current findings and innovations in the teaching of financial education to children and youth. The conference now opens a call for submissions.
 
Learn more and register here

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