Financial Education in Latin America and the Caribbean

Available from: 
August 2013

Nidia García (Banco de la Republica, Colombia)
Andrea Grifoni (OECD, France)
Juan Carlos López (Financial Institutions Guarantee Fund of Colombia - Fogafin, Colombia)
Diana Mejía (Development Bank of Latin America - CAF, Venezuela)

Macroeconomic stability and growth in the Latin America and the Caribbean (LAC) region have allowed governments to focus on public policies that build on the complementarities between financial education, inclusion and the development of social capital. Financial education programmes can support the needs of emerging middle classes in managing their finances and benefitting from access to more sophisticated financial markets. They can also be a valuable tool to ensure a more effective financial inclusion of the most vulnerable sectors of the population, and help fight poverty and inequality.

This joint report by the OECD, the Development Bank of Latin America (CAF), the Central Bank of Colombia and the Financial Institutions Guarantee Fund of Colombia (Fogafin) provides an overview of the status of financial education programmes developed in Latin America and the Caribbean - thanks to a dedicated survey of public institutions- discusses their rationale, and offers initial guidance for policy makers.


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