CYFI News & Blog

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

School Bank Egypt Pilot Project News update

On 10 January 2017 the Egyptian Banking Institute (EBI) ​conducted the first savings collection process for students participating in a pilot School Bank project in Egypt, held in partnership with Banque Misr and Modern Education Schools.

The bank set up its branch inside the school, which includes a representative from the bank branch and a service counter. Following financial education sessions the students were able to deliver their saved amounts to be deposited in their School Bank Banking Product. The simulation introduced students to the experience of visiting a bank and conducting a transaction using their cards. This enriched the children's learning experience and further cemented the importance of managing their finances as well as encouraging them to save. Financial literacy is a key part of the child-friendly product provided by Banque Misr, which is supported by incentives for students and close monitoring by the school's administration.


The pilot School Bank project in Egypt, is the first of its kind in the MENA region, launched in December 2016. This project is a part of the EBI's efforts in enhancing financial literacy through quality financial education among the children and young people in Egypt. Through its "Shaping the Future" initiative, EBI is committed to working with the financial sector in Egypt in building sustainable public private partnerships in order to alleviate financial illiteracy and contribute towards building well educated young economic citizens. The SchoolBank project is a pioneering model that allows implementing bodies to combine financial education and financial inclusion through practical and participatory methods.

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Exploring New Frontiers in Youth Microfinance

CYFI had the pleasure of hosting the panel at the 18th Microcredit Summit in Abu Dhabi on Reshaping the Future of Youth Finance and Economic Citizenship. The panel was held during Global Money Week (GMW) 2016 with CYFI and the Microcredit Summit Campaign forming a strategic media partnership to promote both the Summit and GMW during the week of March 14-18th.

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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 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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