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.

 

2018 Global Youth Economic Opportunities Summit

ORGANIZER: 
Making Cents International
DATE: 
Sep 25, 2018 (All day) to Sep 27, 2018 (All day)

On September 25-27, 2018 the Global Youth Economic Opportunities Summit will return for its 12th annual convening in Washington, D.C. Each year, over 550 youth and economic development experts from more than 50 countries gather at the Summit to advance youth social and economic inclusion. Summit attendees expand their global network, exchange knowledge, gain exposure to emerging issues and innovative new tools, and build their technical practice through interactive, hands-on learning. 

Global Money Week

ORGANIZER: 
Child & Youth Finance International (CYFI)
DATE: 
Mar 12, 2018 (All day) to Mar 18, 2018 (All day)

Child & Youth Finance International (CYFI) Global Summit 2018

ORGANIZER: 
Child & Youth Finance International (CYFI)
DATE: 
Jun 20, 2018 (All day) to Jun 22, 2018 (All day)

The CYFI Summit is the major global summit focusing on youth economic citizenship, entrepreneurship, financial education and financial inclusion for children and youth. It aims to bring together more than 200 participants from across CYFI’s global network of more than 100 countries.

Household Matters: Revisiting the Returns to Capital among Female Micro-entrepreneurs

Abdul Latif Jameel Poverty Action Lab (J-PAL)

Despite the prevalence of female entrepreneurs in developing countries, recent research suggests that women do not benefit from loans and grants in the same way that men do, leading to questions about the value of offering financial services to female entrepreneurs. Researchers re-examined data from previous studies in Ghana, India, and Sri Lanka to measure the impact of credit and cash grant variations on micro-enterprise profits in households where women were the only entrepreneurs and in households where other members also had a business.

To Help Youth Succeed Financially, We Have to Hear Them Out First

Citi Foundation, Microfinance Gateway

Opening doors to economic opportunity requires keys.

But how often do we pause to ask our young people about what keys they need to succeed?

Well, the Citi Foundation asked. Through our 2017 Global Youth Survey, conducted by Ipsos, we gauged the economic prospects of 7,000 youth in 43 global cities. We wanted to understand, if given the platform to express themselves, what would young people say about what is needed to help them advance in today’s economy?

Life Skills in Hard Places: The Youth L.E.A.D. Experiential Learning Technique for Life Skills and Financial Capabilities

Glasswing International, Citi Foundation

Youth in Central America face overwhelming challenges. In addition to poorly funded schools, inadequate access to secondary and tertiary education, and limited opportunities for employment, youth in El Salvador also confront epidemic levels of violence and a gang problem that challenge their day to day decision making process.

Growing Up Banked: Serving Youth throughout Their Lives

Women's World Banking, Diamond Bank

What happens when youth age out of the financial products they have taken up? Without successful migration strategies, the oft-discussed social and business case for youth propositions cannot be realized.

Agricultural Value Chains and Their Potential for Youth Employment in Fragile and Conflict-Affected Contexts

The European Centre for Development Policy Management (ECDPM)

As agriculture is one of the most promising sectors in most fragile and conflict-affected environments, this article explores some of the key challenges and obstacles agricultural value chain development poses for youth employment.

A Global Desk Review of Financial Education’s Contribution to Girls’ Economic Empowerment

Aflatoun International

This global review is part of the thought leadership component of the Credit Suisse Financial Education for Girls (CSFEG) program. The purpose of this work is to provide recommendations regarding the design, implementation and research on programs for adolescent girls aged 10 to 18 that aim to contribute to their economic empowerment by containing a financial education component. Presented here are the findings from research into selected, highlighting key financial education program models.

WEBINAR: #BankTheYouth Webinar on Safer Payment Guidelines for Minors

ORGANIZER: 
Child and Youth Finance International (CYFI)
DATE: 
Jul 6, 2017 (09:00am to 10:00am)

Child and Youth Finance International (CYFI) and the United Nations Capital Development Fund (UNCDF) have partnered on a #BankTheYouth Campaign to raise awareness and stimulate activity around financial inclusion and financial capability for children and youth around the world.

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