CYFI News & Blog

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

National Financial Education Strategies Training for CYFI South-Eastern European Working Group

Another meeting of CYFI South-East European Working Group for Child and Youth Financial Education and Financial Inclusion took place in Podgorica, Montenegro, on 6-8 April 2016, hosted by the Central Bank of Montenegro. The intensive three-day training was conducted for the members of the Working Group specifically on the process of the development of national financial education strategies. More than 25 participants from central banks, financial regulatory authorities, ministries of education from 8 countries of the region (Albania, Croatia, Kosovo, Macedonia, Moldova, Montenegro, Romania, Slovenia) took part in the training.

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Making Financial, Social and Entrepreneurship Education Stick in Southern Africa

South Africa has taken great strides forward in building the financial capability of its young generations through the StarSaver™ Programme. On April 7th and 8th, the South African Banking Association South Africa, together with the National Department of Basic Education and Aflatoun International, held a regional seminar to promote dialogue and strategies on how to align social education, financial literacy and entrepreneurship education in schools across the country while aligning this initiative with the targets of the Sustainable Development Goals (SDGs), Education 2030 and various National Development Plans (NDPs) in Southern Africa.

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Parents and Kids talk Money Matters in Canada

On April 20th, more than 4,000 schools and 600,000 students in Canada will take part in the nationwide Talk With Our Kids About Money Day (TWOKAM) program.

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Training and Experience sharing between Central and Eastern European partners

Within the framework of the project supported by Visegrad 4 Eastern Partnership Program of International Visegrad Fund, CYFI together with the National Youth and Children’s Palace (Georgia) hosted a three-day Training of Trainers on 13-15 April 2016 in Tbilisi, Georgia.

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Potential partnership opportunity for distribution of financial literacy materials!

Today, children and teenagers are exposed to financial informational noise in disproportionately larger volumes compared to just a few decades ago. The world is asking them to think quicker, learn quicker, make effective decisions on the go. Development of financial literacy is one of the main keys to obtaining vital life skills.

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Mobile Banking Is Calling for Youth!

Global Money Week allows us to shine a spotlight on the importance of financial inclusion for children and youth. The YouthSave consortium recently released a synthesis report on its large scale research experiment into formal savings among youth in the developing world. Youth take up an increasingly greater portion of the total population in the global South, but largely remain financially excluded. The report provides a much-needed evidence base to further the thinking on the benefits of providing youth with savings. However, many financial institutions will discover that setting up a savings product for youth in the developing world is extremely costly.

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“Children & Finance” project in Russia

A research has been conducted in Russia to access the level of financial knowledge among the country’s children and youth. This research was initiated by National Agency for Financial Studies (NAFI), under the project called ‘Children and Finance’.

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Mapping the Regional Landscape of Youth Bank Accounts in Central and Eastern Europe

CYFI are pleased to release the final version of the report “The Regional Financial Inclusion Landscape of Youth Bank Accounts: Selected country cases from Central and Eastern Europe”, written by Karina Avakyan, Bianca Isaincu and Floor Knoote.

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People's Postcode Lottery supports CYFI!

Child and Youth Finance Internatioal (CYFI) is delighted to announce that players of People’s Postcode Lottery have awarded an extra £1.425 million to long-term supported charities - CYFI is one of 57 charities that will receive the extra £25,000 award from players of the charity lottery.

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Launch of UpUp app – pocketing a pocket money solution!

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CYFI Network Stars: Jhose Adolfo Quinsocala Condori

CYFI are very lucky to have an active Network, and one of our youngest members of the CYFI Youth Network, Jhose Adolofo Quisocala Condori, is a great example of the role young people play in bringing about change!

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Financial Literacy Working Group and Curriculum Integration in Bulgaria

Over 40 institutions and organizations from all sectors of the public life – government, business, NGO, media, academia – have joined a Financial Literacy Working Group organized in Bulgaria in 2015.

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People's Postocde Lottery supports CYFI!

Child and Youth Finance Internatioal (CYFI) is delighted to announce that players of People’s Postcode Lottery have awarded an extra £1.425 million to long-term supported charities - CYFI is one of 57 charities that will receive the extra £25,000 award from players of the charity lottery.

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Global Innovation Fund announces first investments of over £3million

On Tuesday 9th February, members of the CYFI Team joined the Global Innovation Fund in London for their launch event and announcement of its inaugural investees. At the launch, CYFI had the opportunity to view presentations and link with other organisations and institutions working to achieve social and financial inclusion for vulnerable communities, including children and youth, worldwide. The Fund has invested in a range of social enterprises: for-profit firms, non-profit organisations, researchers and government agencies working to improve the lives and opportunities of millions of people in the developing world.

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The 18th Microcredit Summit in Abu Dhabi - leading discussions on financial services for youth

Over the past 30 years, microfinance has emerged as an important tool to economically empower low income families, allowing household members, especially women, to access necessary financial resources to develop and sustain various enterprise ventures.

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Advancing Entrepreneurship Education in Europe

In an effort to provide European youth with a better opportunity to secure a sustainable livelihood, policy makers and youth serving organizations are working together to ensure that education systems allow for the adequate development of entrepreneurship competencies for young people in the region.

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CYFI Partners on European Youth Event

CYFI is very excited to be a partner for the YO! Fest at the European Youth Event 2016!

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CYFI Network Stars: Prakash Koirala

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2016 Global Youth Economic Opportunities Summit

Save the date! Making Cents International’s 10th Global Youth Economic Opportunities Summit is designed to increase the impact, scale, and sustainability of youth economic opportunity programming around the world.

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Promoting financial inclusion through financial literacy

CYFI Regional Advisor for Eastern Europe & Central Asia participated as one of key international speakers at the international conference on promoting financial inclusion through financial literacy that took place in Minsk, Belarus on December 10, 2015.

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