CYFI News & Blog

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

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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Integrated African Policy Pledge to Financially Include Kids

Amsterdam, The Netherlands – On 4-5 December 2014 the Third Child and Youth Finance Regional Meeting for Africa will be held at the African Union Headquarters in Addis Ababa, Ethiopia. The Meeting will bring together Africa’s finest policy makers, educators, research and academic institutions, financial service providers, as well as representatives from various government ministries 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. Child and Youth Finance International (CYFI) leads the world’s largest movement dedicated to advancing child and youth financial inclusion and education, with partners including The Mastercard Foundation, People’s Postcode Lottery, The Association of Ethiopian Microfinance Institutions (AEMFI), Ethiopian Inclusive finance Training and Research Institution (EIFTRI), African Child Policy Forum (ACPA), ICS: Creating Change, African Youth Panel, Africa 2.0 and Aflatoun, among others.

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Ethiopian Airlines & African Union Commission Flying the CYF Movement Flag High!

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OECD and Child & Youth Finance International Sign MoU

Child & Youth Finance International (CYFI) is proud to announce the signing of a Memorandum of Understanding (MoU) with the Organisation for Economic Co-operation and Development (OECD) on October 22, 2014. The MoU is sure to strengthen the relationship which CYFI and OECD have enjoyed since the Child and Youth Finance (CYF) Movement’s launch in 2012. This formal agreement is set to boost the Movement’s promotion of children and youth’s financial education, financial inclusion and the protection of their rights at a national, regional and international level.

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Win a trip to CYFI’s International Youth Meeting in 2015!

CYFI has taken on the Skoll Social Entrepreneurs Challenge, and we want you to join us! The Skoll Challenge is a fundraising competition for social entrepreneurship. All money raised on behalf of CYFI in the challenge will help CYFI to improve the knowledge, skills, opportunities and resources for young leaders. Check out CYFI’s Challenge Profile to learn more about it! a1sx2_Empower Children and Youth - Donate Today_Empower-Children-and-Youth---Donate-Today.jpg

All youth are encouraged to join the challenge – everyone else is encouraged to support young fundraisers and donate today!

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Children and the Financial Regulatory Landscape: Latin America

We are very pleased to announce the release of the preliminary report of Children and the Financial Regulatory Landscape: Latin America. This document presents the key findings of a survey released by CYFI in the first semester of 2014, which was disseminated among the regulatory authorities in the region. It gathers the responses of 14 countries on child financial inclusion policies, financial and consumer protection regulations. This study is a collaboration between CYFI, Association of Supervisors of Banks of the Americas, Banco de la República (Central Bank of Colombia) and Boston University. CYFI aims to replicate this research in the other regions in order to make a global analysis.
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Introducing CYFI's Network Response Program

Child and Youth Finance International (CYFI) is excited to announce the launch of a new service called the CYFI Network Response Program (CNRP), a matching service geared towards connecting organizations seeking technical assistance in developing national strategies, financial services or education programs for young people, with CYFI-approved consultants who have the necessary skills and expertise.

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High-School Student Publishes Book on Finance!

CYFI Youth Committee member Mahir Jethanandani from USA has recently had his book, The Immaculate Investor, published on Amazon!

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CYFI’s Young Interns Voice Their Opinions!

On 6 November, three very talented CYFI Interns were asked to express their opinions as the "views of young adults" at the 2nd OECD/GFLEC Global Policy Research Symposium to Advance Financial Literacy in Paris, France. The three expressed their opinions during a session that focused on the gaps in students' financial literacy.

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CYFI Regional Focus Group Meeting and Workshop Series for Asia and the Pacific

PRESS RELEASE

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Expanding Youth Entrepreneurship Education

Youth included in strengthening entrepreneurship education in Europe, while JADE and Microsoft renew their Education Transformation Agreement.

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Shaping Egypt's Future through Financial Education

Egyptian Banking Institute (EBI) has recently launched a series of radio talk shows on financial literacy awareness and education. The radio series is part EBI's financial inclusion initiative called "Shaping the Future." In addition, on October 28, in partnership with GIZ, EBI held a training workshop for the members of the "National Committee for Drafting Financial Literacy Strategy in Egypt". The workshop brought together international experts to discuss the current state of financial education in Egypt and to enhance the skills of the committee members in their development of a national financial education strategy which is in line with international best practices.
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Young Women Learn Money Management Skills

On October 12-13, the Baizat team ran a series of “My Money Skills” workshops with young women (aged 12-18) from Sajaya Girls Centers in Sharjah and Kalba. The workshop was initially developed by Visa and the Emirates Foundation. In each course, 25 young ladies participated in personal finance lectures and activities which covered topics such as budgeting, decision making and banking services. The final part of the course involved a field trip to a financial institution or a local supermarket, in order to teach the young women about the basics of decision making and the major areas of personal finance that young individuals will encounter both today and tomorrow, such as budgeting, banking services and the costs of living alone.

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