The meeting brought together more than 25 international participants-members of the Working Group from across the region, including representatives of the central banks, other financial regulators, ministries and educational authorities, as well as more than 40 local stakeholders interested in advancing financial education and financial inclusion agenda in Kosovo.
Participants discussed trends and developments in advancing financial education and financial inclusion national agendas and policy, specific programmes and initiatives targeting children and youth in the countries of the region, plans for the future, and exchanged the experience and best practices in targeting the youth segment.
The CYFI Secretariat as also presented the publications, work and regional research from the field, including the joint CYFI & EFSE DF publication on "Insights into Financial Behavior and Knowledge of Children and Youth in Selected Countries of South-Eastern Europe". The study was conducted in the second quarter of 2016 and included in-depth focus groups and interviews with children and youth between 10 and 24 years old, as well as wide quantitative study of more than 2,000 children and youth people across 7 countries of the region. The full report of the research is available here.
Mastercard representatives participated as guest speakers to the Working Group meeting, and presented the recently launched by CYFI & Mastercard Guidelines on Safer Payment Products for Minors, as well as opened the discussion on the role of both private and public sectors in promoting youth financial literacy by facilitating the access to digital financial products in a safe and responsible way.
The meeting also saw the Launch and Inauguration of the National Financial Literacy and Training Center of the Central Bank of Kosovo, the new facility that was recently renovated and re-opened in the ancient city of Prizren, with the support of EFSE. The Working Group members also had a chance to visit and have a tour around the Center's facilities on October 6th.
The Central Bank of Kosovo (CBK) has also awarded a special recognition to Child & Youth Finance International for outstanding contribution in the advancement of financial education agenda in Kosovo. CBK's contribution to bringing the national stakeholders together and promoting financial education for children and youth was recognized by Ms. Shkendije Himaj, Coordinator for General Function in CBK, as well as an important role that the Working Group plays in promoting the best practices in the field across the countries of the region, and how they can learn from each other's experiences.
About the Working Group
The Regional Working Group for Youth Financial Education and Financial Inclusion serves as the place for sharing best practices, exchanging experiences, identifying technical assistance opportunities to support action plans development and implementation by CYFI Secretariat and its network. As of June 2017 more than 24 governmental institutions from 10 countries of the region (central banks, financial regulators, ministries of finance and education) are members of the Working Group.