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.

 

YouthConnekt Africa Sumit

ORGANIZER: 
YouthConnekt
DATE: 
Jul 19, 2017 (All day) to Jul 21, 2017 (All day)

Over the last decades, Africa has been experiencing rapid technological and economic development creating new opportunities for millions of people all over the continent. However, with more than 226 million people aged between 15-241 , Africa has the youngest population – and the highest youth unemployment rate (60%  ) – in the world.

TRAINING: Enterprise Development Program for Youth

ORGANIZER: 
The Microfinance Association
DATE: 
Aug 28, 2017 (All day) to Sep 1, 2017 (All day)

The Microfinance Association, through its Fast Track10 program, intends to work with a number of youth and microfinance institutions in G

CONFERENCE: Entrepreneurship, Financial Inclusion and Economic Development

ORGANIZER: 
LAPO Institute for Microfinance and Enterprise Development
DATE: 
Aug 23, 2017 (All day) to Aug 24, 2017 (All day)

The Conference on Microfinance and Enterprise Development (CMED) brings together academics, practitioners and policymakers from within and outside Nigeria to examine the current state of microfinance and enterprise development, with a v

The Impact of Youth Skills Training on the Financial Behavior, Employability and Educational Choice in Morocco

International Initiative for Impact Evaluation

In the context of global concerns about the economic exclusion of youth, efforts to facilitate youth access to decent jobs and financial services have become a development priority. This is particularly the case in the Middle East and North Africa (MENA) region, where continued growth of the youth population has exacerbated pressures on education systems and labor markets. This has contributed to poor labor market outcomes for young people, increasingly characterized by high unemployment, underemployment and informality.

Economic Citizenship Education for Children and Youth

Child & Youth Finance International (CYFI)

This paper provides a comprehensive and objective overview of the current landscape of economic citizenship education for children and youth. Economic citizenship education is a holistic approach to financial education, complementing it with a focus on life skills and livelihoods. The paper includes the most important theoretical insights, principles, and frameworks. In addition, it provides an overview of the key players and current initiatives focusing on economic citizenship education for children and youth.

Research Evidence for CYFI’s Model of Economic Citizenship for Children and Youth

Child & Youth Finance International (CYFI)

Child & Youth Finance International (CYFI) started on its mission to empower all children and youth worldwide by supporting them in realizing their potential as full economic citizens in 2011. CYFI developed its model of economic citizenship together with leading academics, multilaterals, and experts in the field. Economic citizenship empowers children and youth and builds their capabilities to be successful in life through three building blocks: financial education, social and livelihoods education, and financial inclusion.

Staying Safe Online: Youth and Digital Security

Child & Youth Finance International (CYFI)

Today, a large part of your life occurs online. When you share photos on Instagram or via SnapChat, transfer money to your friends through mobile apps or shop online for a new pair of sneakers or jeans; it all happens digitally. With the world rapidly moving towards digitalization, new exciting opportunities are continually being created and become available to us all. Nevertheless, it is important that you know more about these new opportunities and are aware of the challenges they may bring.

Economic Citizenship and the Sustainable Development Goals: Network Brief

Child & Youth Finance International (CYFI)

The United Nation’s Development Agenda 2030 has put forward an ambitious set of Sustainable Development Goals (SDGs) to guide global development over the coming 15 years. The objective of this network brief is to demonstrate how the implementation of an economic citizenship strategy for children and youth can contribute to the achievement of many of the SDGs and corresponding sub-targets. In particular, financial inclusion and Economic Citizenship Education (ECE) for children and youth have a significant link to SDG #1, 3, 4, 5, 8, 10, 11 and 16.

Safer Payment Products for Minors

Child & Youth Finance International (CYFI)

This guide has been developed for leading national and international financial institutions that are, or are considering, developing financial payment products for minors. It is intended to help decision makers and product owners understand some of the responsibilities and risks associated with this market.

Expanding Digital Services Key to Financial Inclusion in Africa

Devex

With more than half of Africa’s population under the age of 25, many experts believes the continent’s greatest resource and potential competitive advantage could lie in the hands of its youth as they enter the workforce. However, economic growth on the continent has not yet translated into opportunities for young people to earn a sustainable livelihood — representing both missed potential and a societal risk as they could become alienated and marginalized.

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