CYFI News & Blog

Latest news and articles from Child & Youth Finance and the CYF Movement Network

Financial Inclusion as a Statutory Duty

During Global Money Week, the Financial Inclusion Commission released an in-depth report confirming that financial inclusion is still an issue, even in the United Kingdom, a country leading the world in financial services.

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Invest in tomorrow. Join the global community of young entrepreneurs.

PRESS RELEASE -FOR IMMEDIATE RELEASE

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Call for Session Proposals Open: 2015 Global Youth Economic Opportunities Summit

On October 6-8, 2015, Making Cents International is hosting its 9th Global Youth Economic Opportunities Summit in Washington, D.C. The Summit will assemble 460+ leading stakeholders from 70 countries that represent multiple perspectives across youth related sectors including economic development, education and health. As a result of this diversity, the summit will provide an opportunity to exchange knowledge, discuss experiences and expand professional networks.

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Youth Focus at Efma’s First Pan-African Retail Banking Summit

Efma hosted the first annual Pan-African Retail Banking Summit in Johannesburg, South Africa on February 11-12, 2015. The Summit provided a forum for delegates to network and discuss the latest trends and innovations in financial inclusion in retail banking in Africa.

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Advancing Young People’s Financial Empowerment in the Middle East and North Africa

The 3rd Annual Conference of The Arab Banking Training Network was hosted by the Emirates Institute for Banking and Financial Studies and the Egyptian Banking Institute at Etihad Towers in Abu Dhabi, U.A.E. on January 28th, 2015. The meeting brought together central banks and banking institutes representatives from the Middle East and North Africa (MENA).

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Bridging the Gap Between Youth Employment and Global Development

The United Nations Winter Youth Assembly was held in New York, USA, on February 11& 12 2015. The theme, Bridging the Gap Between Youth Employment and Global Development, catalyzed a number of interesting panel and group discussions.

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Startup Europe Summit: Connecting Young Entrepreneurs

Taking place in one of Europe’s entrepreneurial hubs, the Startup Europe Summit was hosted in Berlin by the Factory on the February 12-13, 2015. Attended by some of Europe’s leading startups,a1sx2_300_2015-02-18_Startup-Europe-Summit-Berlin.jpg European policymakers, venture capitalists, corporations, and startup accelerators, the discussions focused on the future of European entrepreneurship. Big name attendees included GoEurope, Blablacar, Günther Öttinger, Andrus Ansip, Neelie Kroes of the EU Commission (and the Dutch Special Envoy for Startups), Index Ventures, Startup Bootcamp, Microsoft, Coca-Cola, and Google.

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Youth Delegates Call For Economic Component in Global Citizenship Education (GCED)

The Second UNESCO Global Forum on Global Citizenship Education (GCED) was held in Paris on January 28-30, 2015. a1sx2_300_GCED-UNESCO.jpgThe Open Working Group on the Post-2015 Sustainable Development Goals (SDGs) has set GCED, now a priority topic, as an associated target of the main education goal due to its potential role in creating peace and sustainability throughout the world.

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3 Top NGOs, 1 Social Entrepreneur: Jeroo Billimoria is One of a Kind

Jeroo Billimoria, Child & Youth Finance International’s Managing Director, a1sx2_250_Jeroo_OECD-CYFI-MoU_2014_web.jpg is the only social entrepreneur with three NGOs recognized among the world’s top charitable organizations according to the latest world rankings by Global Geneva. With a highly competitive application process non-government organizations ranked in Global Geneva’s Top 500 NGO list are considered to be world leaders in their field.

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3 Children's Rights NGOS In Global Top 500

Amsterdam, The Netherlands – Three Amsterdam based NGOs; Child & Youth Finance International, Aflatoun and Child Helpline International have been recognized among the world’s top charitable organizations in the latest world rankings by Global Geneva. The results were just announced by Jean-Christophe Nothias, managing editor of Global Geneva in their 2014 Global Top 500 NGOs.

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Youth Financial Inclusion is Officially a Priority of the G20: Hurray for Turkey!

It is with great pride that we share that youthTurkey-G20-Logo.png will now be at the forefront of the advancement in global financial inclusion according to the Turkish Presidency of the G20. The Presidency newly announced their 2015 financial inclusion agenda which begins with a strong focus on youth. The Global Partnership for Financial Inclusion (GPFI), the inclusive platform of the G20, will respond to the need for financial inclusion and financial education for youth focusing on the following points:

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A First Look At The Post-2015 Agenda

In December 2014, the Secretary General of the U.N., Mr. Ban-Ki Moon, published a report titled Ending Poverty, Transforming All Lives and Protecting the Planet: Synthesis Report of the Secretary-General on the Post 2015 Agenda. The report puts forward 17 sustainable development goals (SDGs) and 169 associated targets which aim at ending a1sx2_300_UN-meeting-CYFI-Youth-and-high-level-stakeholders-7.jpgpoverty, achieving shared prosperity, protecting the planet and leaving no one behind. It stresses the importance of using the millennium development goals (MDGs) as a “springboard” into the future—a future “free from poverty and built on human rights, equality and sustainability” (p. 5).

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Lowering Youth Unemployment in Asia-Pacific through Youth Economic Citizenship Education

Asia-Pacific, as a region, accounts for more than half of the world’s unemployed youth – about 220 million young people. In response to the urgency of this issue, the Organisation for Economic Co-operation and Development (OECD), the Bank of Thailand (BOT), and the Securities and Exchange Commission of Thailand (SEC) organized the OECD/Thailand Seminar on Financial Inclusion and Financial Literacy in Asia in Bangkok, Thailand last December 16-17, 2014.

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3 Ways Governments Can Help Kids and Youth Find Financial Security

Financial security is achieved when a person practices wise money management, has secure savings in a savings account, and has a stable income. When a person is financially secure they have a higher chance of exercising their economic and individual rights, of being a socially engaged member of society and making sustainable decisions, in essence, they are an economic citizen. Governments have the ability to play a powerful role in the process of creating a financially secure generation.

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New Partnership to Increase Youth Savings Behavior

The World Assembly of Youth (WAY) held their 16th General Assembly in Tirana, Albania from December 7-11th, 2014. WAY is the international coordinating body of national youth councils and organizations with 120 member organizations, from every continent.

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Entrepreneurs Launch International Resource, Coaching and Funding Platform

Ye! Child & Youth Finance International held the Dutch launch of Ye! - an online platform for young a1sx2_Ye300_YE_logo_digital_cropped.pngentrepreneurs – in Amsterdam, the Netherlands, on Wednesday, December 10th . The global platform was launched to an audience of young entrepreneurs, investors, established entrepreneurs and representatives from the Netherlands Ministry of Foreign Affairs, and, the event’s hosts, De Autoriteit Financiële Markten (AFM).

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APEC Guidebook on Financial and Economic Literacy

The APEC (Asia-Pacific Economic Cooperation) Guidebook on Financial and a1sx2_300_APEC_20141211-095201_1.png Economic Literacy in Basic Education, released earlier this month, is set to be a valuable resource for policy makers and practitioners concentrating on financial and economic education at the primary and early secondary school level. The Guidebook demonstrates how to design and implement learning activities related to financial and economic literacy for children and youth.

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Young Entrepreneurs Get a Helping Hand (onto International Platforms)

Data from the World Bank confirms what we have been hearing a lot over the past years: unemployment is increasing (with very few exceptions) everywhere in the world. Young people struggle to enter the job market despite high levels of education, the number of NEETs (Not in Education, Employment or Training) is rising dramatically, workers lose their lifetime job and do not have chances to begin another profession. Recovery is happening for some, but very slowly.

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Policy Pledge for a Generation of Financially Capable Young People

Today is the last day of the 3rd Annual Child & Youth Finance International (CYFI) Regional Meeting for Africa. Held at the African Union Headquarters in Addis Ababa, Ethiopia, the meeting brought together Africa’s finest policy makers, educators, research and academic institutions, financial service providers, as well as representatives from various government ministries. The main objective of the meeting is to develop a common African position on the advancement of a unified financial education and inclusion plan of action for children and youth across the continent.

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Ye!

Amsterdam, the Netherlands – On 10 December 2014, the global online community for young entrepreneurs, Ye! will launch its website at De Autoriteit Financiële Markten (AFM) in Amsterdam. The Ye! website links young entrepreneurs to experienced coaches and investors, useful tools and resources and other entrepreneurial youth across the world. The launch will also feature Ye!’s first pitching event in which ten promising entrepreneurs from the Netherlands and around the world, all under the age of 30, will pitch their businesses to investors, policy makers, bankers and other financial experts. Speakers include Theodor Kockelkoren, Member of the Executive Board of AFM, and Jeroen Roodenburg, Ambassador of the Private Sector & International Cooperation at the Netherlands Ministry of Foreign Affairs.

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