CYFI Senior Advisor Karina Avakyan participated in the first high-level conference of the new OECD/INFE project on Financial Education in the Commonwealth of Independent States (CIS)/Eurasia, co-hosted by the National Bank of the Republic of Belarus.
The technical assistance project is supported by the Ministry of Finance of Russian Federation, and is aimed to provide dedicated guidance and technical support for the design, implementation and review of evidence-based financial education strategies and policies in six Eurasian economies – Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyz Republic and Tajikistan. The high-level conference saw the participation of country representatives from all 6 participating countries, Russian Federation, as well as INFE network members, experts and partners.
In a panel dedicated to youth financial education, alongside INFE members and country representatives from the Netherlands, Hong Kong, Armenia and Russia, CYFI representative shared an overview of best practices and examples of financial education being introduced in schools, as well as discussed the importance and pros and cons of various curriculum integration models. Addressing youth needs was determined as one of the priorities for the project, alongside financial literacy of migrants, data collection, and development, implementation and revision of the national financial education strategies.
The second day of the event included practical workshops aimed to support project countries and their national stakeholders on the road to achieve the project objectives, and were focused on the importance of data collection, monitoring and evaluation, and national strategies.