Latvians gradually change their financial habits

10 June 2015, Riga - Financial and Capital Market Commission (FCMC) together with collaboration partners have summarized annual results regarding implementation of the National Strategy for Financial Literacy in Latvia 2014-2020. The first year shows good progress in performance of almost all indicators.

In 2014, like in other developed countries, involvement of Latvian residents in using the basic financial services has been traditionally high: 94% of residents have bank accounts, moreover, more customers make use of electronic solutions: 70% of total residents already use internet banking services (in 2013 – 65%), 11 800 new endowment insurance contracts entered into, nearly 15 000 more residents joined private pension funds, as well as confidence in the financial service providers has increased reaching 50% on the average (in 2013 – 44%).

"This year we can observe several positive trends in conformity with the three defined strategic goals: tradition of planning and making savings, integrity of the financial sector and financial sustainability of households. It is obvious that residents use more diverse and modern services, more precisely define a plan for the present day, more contemplate making savings for future and act accordingly to have them. The households' borrowing/savings rate has become more proportionate in Latvia, as loans-to-deposits rate was 110/100 at the end of 2014. These all are encouraging signals. Thus the partners must continue efforts as regards improvements in the general education content, support for further education of teachers, provision of consultations and training tools on the internet for everyone." FCMC Chairman Kristaps Zakulis

In accordance with the performance of financial literacy indicators the number of households that regularly plan their budget has increased (58%), moreover, previously residents planned their household budget from memory but now they more often record the budget figures in writing or in their own established electronic system. In 2014, total household savings grew by nearly one billion euro and showed a 8.1 billion euro increase, while an increase in risk insurance premiums written by residents was higher than the planned maximum of +9.8%, and reached 134 euro per capita, and it was more than in the life insurance so far, the share of life insurance in the insurance market overall has increased up to 24%. Please visit the FCMC's website to see the performance of financial literacy strategic objectives: Financial Literacy of Latvia's Residents: 2014 at: www.fktk.lv/attachments/article/5149/INFOGRAFIKA_ST.pdf

Implementation of the National Strategy for Financial Literacy in Latvia 2014-2020 has been carried out acting in concert with partners – FCMC, the Bank of Latvia, Ministry of Education and Science, National Centre for Education, BA School of Business and Finance, Consumer Rights Protection Centre, Association of Commercial Banks of Latvia and Latvian Insurers Association.


For Further information, please contact:
Ieva Upleja
Head of Working Group
for Implementation of National Financial Literacy Strategy
Chief Public Relations Specialist
Communications Division
Financial and Capital Market Commission
Telephone: +371 67774807; email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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WSBI and CYFI establish partnership to promote financial inclusion and empower young people

Amsterdam 6 May 2015 – WSBI, the global voice of retail and savings banks, and Child & Youth Finance International (CYFI), the world’s largest movement dedicated to enhancing the financial capabilities of children and youth, have signed a memorandum of understanding to formalise their ongoing collaboration. The partners will work together to empower children and youth aged 8–30 years around the world, particularly those who are vulnerable and marginalized, by increasing their financial and social capabilities, developing livelihoods, and improving their access to appropriate financial services – enabling them to build their assets and invest in their own futures.

WSBI and CYFI believe that by bringing together their combined experience, global networks, and commitment they can greatly increase young people’s capabilities and inclusion, thus enhancing their social and financial empowerment.

The partners will initially combine their efforts in four areas:

  • SchoolBank – An initiative to increase understanding and use of financial services among children and young people (aged 6–25). The project will promote financial inclusion and disseminate financial education through innovative channels – such as in schools and through mobile/smartphone technology – to empower children and youth in a cost-efficient way.
  • Global Money Week – A worldwide CYFI initiative that employs fun and interactive activities to teach children and youth about money and saving, and about how to create livelihoods, gain employment, and become an entrepreneur. This celebration of money awareness takes place during the second week of March, and is organised by schools, universities, government ministries, central banks, financial institutions, members of civil society, and youth worldwide. WSBI and CYFI will work toward a more structural collaboration for GMW, starting with GMW 2016.
  • Research – WSBI and CYFI will coordinate their research at a global, regional, and national level to generate new insights and develop their joint knowledge base. The partners will use this to develop successful financial education and inclusion policies, through examining the impact of economic citizen education and financial inclusion on the capabilities and wellbeing of youth.
  • Mutual promotion – WSBI and CYFI will promote each other’s activities, events, research, and brands to grow their already extensive networks and increase their exposure – helping both partners to achieve their goals.

Chris De Noose, Managing Director WSBI, lauded the partnership as an "an exciting development that will combine WSBI members’ commitment to financial inclusion and responsible approach to business with the proven track record of CYFI in empowering and enhancing the financial capabilities of children and youth," and emphasized that it "will bring great benefits to both partners and to the young people WSBI and CYFI want to empower."

Jeroo Billimoria, Managing Director CYFI, noted that the partnership “will benefit both organizations and, more importantly, young people all around the world. Together with WSBI we will work to increase youth inclusion in the formal financial system, empower them with knowledge and skills, and create a bright future.”


WSBI – The Global Voice of Savings and Retail Banking

WSBI represents the interests of 6,000 savings and retail banks globally, with total assets of $14tn and serving one billion customers in 80 countries (as of 2013). WSBI focuses on international regulatory issues that affect the savings and retail banking industry. It supports the aims of the G20 in achieving sustainable, inclusive, and balanced growth, and job creation, whether in industrialised or less developed countries. WSBI favours an inclusive form of globalization that is just and fair, supporting international efforts to advance financial access and financial usage for everyone.

CYFI - Empowering Youth with Financial Access, Knowledge and Skills

Child and Youth Finance International (CYFI) is an Amsterdam-based international NGO which aims to empower all children and youth around the world, particularly those who are vulnerable and marginalized, through an enhancement of their economic citizenship. This entails increasing their financial capability, improving their awareness of social and economic rights and their access to appropriate financial services in order to build their assets and invest in their own futures.

If you would like more information, contact Dirk Smet (WSBI) on +32 2 211 11 90 (office) or via This email address is being protected from spambots. You need JavaScript enabled to view it., or Anastasia Loginova (CYFI) on +31 20 520 3900 (office) This email address is being protected from spambots. You need JavaScript enabled to view it.

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Invest in tomorrow. Join the global community of young entrepreneurs.

PRESS RELEASE -FOR IMMEDIATE RELEASE

March 13-2015, Amsterdam, the Netherlands - 16 March 2015 will mark the European launch of Ye! - the global youth entrepreneurship platform. The launch will take place at the EESC in Brussels, Belgium. The event is being held under the auspices of the European Parliament as a symbol of their support for young people and youth entrepreneurs in Europe. The event also marks the penultimate day of 2015 Global Money Week, a money awareness, savings, and entrepreneurship campaign for children and youth. Several million young people in more than 100 countries worldwide have participated in fun Global Money Week activities during the 2015 campaign.

The Ye! platform links young entrepreneurs to experienced coaches and investors, useful tools and resources and other entrepreneurial youth across the world. The launch event will feature a unique pitching event in which ten promising entrepreneurs from Europe and around the world, all under the age of 30, will pitch their businesses to investors, policy makers, bankers and other financial experts. Speakers will include Mr. Philippe De Backer, MEP, European Parliament, Mr. Marko Curavic, Entrepreneurship and Social Economy, European Commission, Ms. Monica Chaves, Director of MasterCard Global Philanthropy, and Mr. Olivier Debande, European Investment Bank.

What is Ye!?

Ye! is an online and offline portal which has been developed by Child and Youth Finance International (CYFI) for the next generation of leading entrepreneurs. Ye! connects young entrepreneurs from across the world and provides them with an ecosystem designed to help their business thrive. On Ye!, young entrepreneurs can share their experiences, look for country specific resources and access country entrepreneurship guides, apply for coaching and gain access to funding opportunities.

"Entrepreneurship is an on-ramp to financial inclusion and an important pathway to economic prosperity" said Monica Chaves, Director for Global Philanthropy at the MasterCard Center for Inclusive Growth. "Helping young entrepreneurs gain the essential tools for success is not just a noble cause. It is a necessity to ensure that the economy remains dynamic and competitive."

"Building a thriving community of young entrepreneurs would not be possible without the support of partners such as MasterCard." - Jeroo Billimoria, Managing Director, Child & Youth Finance International

Developed by a young entrepreneurial team, the portal incorporates ideas and suggestions of young entrepreneurs from different parts of the world, to make sure that Ye! is up to date with their latest needs and best accommodates them. The team will continue to involve the community for feedback so it will truly be the global community for and by young entrepreneurs. The Ye! initiative is supported by MasterCard Corporation, a world leader in card and cashless payment services.

Ye!'s ambition is to reach 10 million young entrepreneurs by 2020, leveraging the strong foundation of CYFI's global network and success.

Why Ye!?

Worldwide, 357.7 million youth were not in education, employment, or training in 2010. This number is increasing. Over the next 10 years, 600 million jobs need to be created "in order to generate sustainable growth and maintain social cohesion" (WorldBank, 2012). By stimulating and supporting the next generation of high-level entrepreneurs, Ye! empowers youth to take control of their own futures and stimulates job creation. Technology has proven to be a low cost channel for people to connect and have access to resources in a way that has been unimaginable before. Ye! leverages the power of technology and establishes a global online community for entrepreneurs.

More information about Ye! is available via www.yecommunity.com

About Global Money Week

Global Money Week is an annual global financial literacy and entrepreneurship celebration. Countries from every continent participate in order to raise awareness of the importance of financial education and financial inclusion for children and youth. Global Money Week is coordinated and led by Child & Youth Finance International (CYFI), a non-profit organization based in Amsterdam. Major participating organizations include Central Banks, governmental authorities, NGOs, banking associations, financial institutions, corporations, schools, local businesses, and youth groups among others.

In 2012, 21 countries participated in Global Money Week, reaching 33,000 children. In 2013, the number of countries taking part rose by 281% to 80 countries, reaching over 1 million children with 403 organizations involved. In 2014 118 countries with 490 organizations were involved, reaching 3 million children. For many of the participating countries, Global Money Week provided a platform for multi-sectorial national stakeholders to collaborate -many for the first time - on developing financial education and inclusion initiatives and policies in their countries.

More information about Global Money Week is available via www.globalmoneyweek.org

About the Child and Youth Finance Movement

Amsterdam-based Child and Youth Finance International (CYFI) leads the world's largest Movement dedicated to enhancing the financial capabilities of children and youth. Launched in April 2012, the CYF Movement has already reached over 100 countries and has more than 35 million young people. The CYF Movement has one central objective: increase the economic citizenship of children and youth. Children and youth are the future economic actors whose financial decisions will dictate the future of world economies. Providing young people with the economic and social environment to prosper and the competences (financial, social and livelihoods) to thrive has a meaningful impact on the lives of individuals and the communities in which they live.

More information about CYFI is available via www.childfinanceinternational.org

Media contact information

Robin Willing
Director of Communications
Child & Youth Finance International
+ 31 20 520 3900
This email address is being protected from spambots. You need JavaScript enabled to view it.

Anastasia Loginova
Events and Communication Coordinator
Child & Youth Finance International
+ 31 20 520 3900
This email address is being protected from spambots. You need JavaScript enabled to view it.

CYFI Social Media Channels
Facebook http://www.facebook.com/childfinance
Twitter http://www.twitter.com/childfinance

Social Media Hashtags:
@ChildFinance, @CYFIYouth @Ye_Community @GlobalMoneyWeek

Social Media Hashtags for the Ye! Launch Event are:
#Ye!, #entrepreneurship, #youth, #startups, #YePitchEvent
#GlobalMoneyWeek #GMW2015

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3 Children's Rights NGOS In Global Top 500

Amsterdam, The Netherlands – Three Amsterdam based NGOs; Child & Youth Finance International, Aflatoun and Child Helpline International have been recognized among the world’s top charitable organizations in the latest world rankings by Global Geneva. The results were just announced by Jean-Christophe Nothias, managing editor of Global Geneva in their 2014 Global Top 500 NGOs.

Children’s Rights and Protection as Priorities

Opportunities for children lie at the heart of all three organizations. Child & Youth Finance International (CYFI), ranked 78th, is known for its advocacy work in the area of youth economic citizenship and for its efforts in coordinating Global Money Week, which involved 3 million young people in 118 countries in 2014. In existence for only three years, the young organization has already created a network which reached out to 36 million children, making high impact despite its short life span. Supporters of Child & Youth Finance International include the Ministry of Foreign Affairs, MasterCard Foundation, the players of the People’s Post Code Lottery (UK), MasterCard Corporation, and Triodos among others.

Sister organization Aflatoun, ranked 26th , teaches children and inspires them to discover their talents and put them to use, to stand up for their rights and those of their communities, to play games and to solve problems. Child Helpline International (CHI), ranked 113th , is the global network of 192 child helplines in 145 countries , which together have answered more than 140 million calls over the past decade from children in need of care and protection. Together these three organizations have helped more than half a billion young people worldwide.

“If we don’t empower young people now, their tomorrow will be the same as our today – unequal and unsustainable. We believe in children and youth’s ability to change the world.” – Jeroo Billimoria, Managing Director, Child & Youth Finance International

One social entrepreneur - three top NGOs

Child & Youth Finance International, Aflatoun and Child Helpline International were all founded by leading social entrepreneur Jeroo Billimoria, who believes that children should be empowered with the ability to change their own lives for the better and be given the right opportunities. Mrs. Billimoria is the only social entrepreneur to have three of her organizations all score top positions in the Top 500 NGO List. Together, the three Amsterdam based NGOs operate globally with a combined network of more than 300 partners, which spans over 145 countries. Other leading NGOs on the list who are partners and collaborators of Child & Youth Finance International include BRAC (#2), Save the Children (#9), World Vision (#10), Ashoka (#19) and Plan International (#45). With a highly competitive application process of over 2000 competing NGOs, non-government organizations ranked in Global Geneva’s Top 500 NGO List are considered to be world leaders in their field. Without their work, many of the world’s most crucial challenges would be ignored.

About Child and Youth Finance International

Child & Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth. Launched in April 2012, the Child and Youth Finance Movement has already expanded to 125 countries and reached more than 36 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

About Founder & Executive Director Jeroo Billimoria

Jeroo Billimoria is the Founder and Managing Director of Child & Youth Finance International (CYFI) Jeroo is considered among the world’s leading social entrepreneurs and is now working on her ninth entrepreneurial venture. She is a Skoll awardee, and an Ashoka and Schwab Fellow. Among her organizations are Childline India and Child Helpline International which have facilitated a global movement for protection of children and youth and is active in more than 181 countries – having responded to over 160 million calls. Her previous organization, Aflatoun, is recognized among the world’s top 50 NGOs. In a space of three short years, Aflatoun succeeded in working with global partners to provide social and financial education to over 1 million children in 84 countries. Jeroo is now heading CYFI and building a Child Finance Movement to ensure financial inclusion and Economic Citizenship Education for 100 million children and youth in 100 countries by the end of 2015.

CYFI is supported by the Dutch Ministry of Foreign Affairs, Netherlands, MasterCard Foundation and players of the People's Postcode Lottery.

Media contact information

Robin Willing Director of Communications Child & Youth Finance International + 31 20 520 3900 This email address is being protected from spambots. You need JavaScript enabled to view it.

Anastasia Loginova Events and Communication Coordinator Child & Youth Finance International + 31 20 520 3900 This email address is being protected from spambots. You need JavaScript enabled to view it.

CYFI Social Media Channels Facebook Twitter
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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.

What is Ye!?

Ye! is an online and offline portal developed by Child and Youth Finance International (CYFI) for the next generation of leading entrepreneurs. Ye! connects young entrepreneurs from across the world and provides them with the ecosystem to help their business thrive. On Ye!, young entrepreneurs can share their experiences, look for country specific resources and access country entrepreneurship guides, apply for coaching and get access to funding opportunities. Developed by a young entrepreneurial team, the portal incorporates ideas and suggestions of young entrepreneurs from different parts of the world, to make sure that Ye! is up to date with their latest needs and best accommodates them. The team will continue to involve the community for feedback so it will truly be the global community for and by young entrepreneurs.

One of Ye!’s entrepreneurs is the 24 yearl old Shadi Al-Hakimi from Yemen. Shadi is CEO of VACSE, a search engine that allows one to find audiovisual material on the internet by content, not only by description and name. Shadi, who has big ambitions, can now share and test his ideas with the world and find support to realize his ambitions;

“To really understand what investors want in a collaboration is always the tricky part. I would like to access Ye! for effective coaching to attract funding.”
Ye! supplies the right resources and guidance to those with inspiring ideas, so they can start and scale their businesses successfully. Brainchild of CYFI, the Ye! initiative builds on a strong foundation of CYFI’s global network and success.

Why Ye!?

Worldwide, 357.7 million youth were not in education, employment, or training in 2010. This number is increasing. Over the next 10 years, 600 million jobs need to be created “in order to generate sustainable growth and maintain social cohesion” (WorldBank, 2012). By stimulating and supporting the next generation of high-level entrepreneurs, Ye! empowers the youth to take control of their own futures and stimulates job creation.

Furthermore, while it is usually relatively easy for young companies to find the initial start-up funds to start an enterprise, the difficulties arise during scale up, as many aspiring entrepreneurs struggle to raise capital to boost the growth of the company to the next level. Ye! provides the necessary coaching and resources, as well as links to potential investors in its global network to ensure that businesses can scale up and sustain their success.

Finally, in today’s world, technology has proven to be a low cost channel for people to connect and have access to resources in a way that has been unimaginable before. Ye! leverages the power of technology and establishes a global online community for entrepreneurs.

Say Ye!

Ye!’s ambition is to reach 10 million young entrepreneurs by 2020. With this new online platform, together, we can make this happen. Ye!

Find Ye! at www.yecommunty.com from midnight on 9 December 2014.
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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.

The main outcome for this meeting includes drafting a policy paper to pledge for an integrated African Policy for Child and Youth Financial Inclusion to be part of Agenda 2063 – “A global strategy to optimize use of Africa’s resources for the benefit of all Africans” for an integrated, prosperous and peaceful Africa.

Large Population of youth in Africa

Africa has the fastest-growing youth population in the world. An estimated 65% of the continent’s total population is below the age of 35. In most African countries the responsible ministries are among the least resourced and funded government units. Without appropriate support, the drop out school rate is critically high. In one-third of sub-Saharan African countries, approximately 50% of all children do not complete their primary education. When they grow older, these 50% are in serious danger of being unemployed.

Policy dialogue on Financial Inclusion for youth

Taking place over two days, the third CYFI Regional Meeting for Africa will include an action packed program of panel discussions, training sessions and workshops. Some of the highlighted speakers include Dr. Louis Kasekende, Deputy Governor of the Bank of Uganda, Mr. Majozi Vincent Sithole, Governor of the Central Bank of Swaziland and Hon. Octave Nicoue Broohm, Minister of Higher Education and Research of Togo. Apart from providing a platform for policy dialogue on financial inclusion, education and employment to take place for the youth, the meeting also serves as an avenue for knowledge sharing, skills and capacity development, and for linking children and youth to take advantage of the current momentum of Agenda 2063.

African Union Commission takes initial steps

In November, following the first African Union Commission Specialized Technical Committee Meeting on Youth, Culture and Sport, held in Addis Ababa, the AUC had taken some initial steps, by adopting a recommendation for member states to invest in financial education and inclusion for children and youth, which includes child and youth friendly financial product development. There, CYFI’S Regional Advisor for Africa, Akwasi Osei presented a case for an integrated African policy for financial education and financial inclusion for children and youth at a youth-focused breakout session.

“Young people are more likely to maintain a relationship with financial institutions and have greater financial assets later in life if they own a savings account earlier in life. Therefore, policy innovations that make savings accounts widely available and easily accessible to children are valuable tools for increased savings behavior that can continue into adulthood and lead to improved financial outcomes over the long-term.” – Akwasi Osei, Regional Advisor for Africa, CYFI
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CYFI Regional Focus Group Meeting and Workshop Series for Asia and the Pacific

PRESS RELEASE

FOR IMMEDIATE RELEASE

October-28-2014

Identifying and Overcoming Challenges: Scaling Economic Citizenship Education, Financial Inclusion and Livelihoods from the Next Generation in Asia-Pacific

Amsterdam, Netherlands – More than half of the world's young people – some 650 million between the ages of 10 and 24 – live in Asia and the Pacific. In some parts of the region, young people make up nearly 20% of the population. However, about 12.8 million young people in East Asia, 8.3 million in South-East Asia & the Pacific, and 15.3 million in South Asia still remain unemployed. These figures in Asia-Pacific present both a challenge and an opportunity to improve lives across the region through the advancement of economic citizenship. At a time when innovative policies related to children’s financial issues are gaining momentum, it is important to focus on the realities faced by an entire generation that will have impact on the development of the whole region – and it is due to these that the Child & Youth Finance International (CYFI) Regional Meetings exist.

On the 3rd and 4th of November, Malaysia is to host the first and only dedicated meeting at regional level that will deeply dive into the pressing issues, challenges, and opportunities that tackle child and youth economic citizenship today. The concept of economic citizenship encompasses children and youth’s ability to make sound economic decisions by equipping them with financial knowledge, their access to appropriate, child-friendly financial products through financial inclusion, and building their capacity to become entrepreneurs that will not only help them employ and invest in themselves, but also their communities. The event will bring together a focus group of senior to high-level National and Regional stakeholders, including representatives from Central Banks and Governmental Authorities, Educational Services Providers, Financial Services Providers, Banking and Microfinance Associations, and Regional Bodies from Asia and the Pacific to discuss financial education and drive financial inclusion to the top of the regional agenda.

Over the duration of two days, the meeting and workshop series will serve as a concrete platform for representatives from diverse levels and sectors to network, innovate and collaborate in order to arrive at a strategic way forward that will advocate and scale efforts on economic citizenship education, financial education, and livelihoods for children and youth. Through consultations, discussions, sharing of best practices, and a series of workshops that address these topics, the main target is to arrive at concrete action points that will improve the state of the Child and Youth Finance Movement in Asia and the Pacific.

Undoubtedly, this event will contribute to Child and Youth Finance International’s goal to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth. The goal is to reach 100 million children worldwide before the end of 2015, in order to start effectively influencing the financial opportunities and freedom of the future generation.

This CYFI Regional Meeting is part of a series of annual regional consultations and stakeholder meeting events addressing issues on Economic Citizenship Education (ECE), Financial Inclusion, and Livelihoods Capability of young people.

Dates:

Monday 3rd & Tuesday 4th November 2014

Location:
Kuala Lumpur Convention Centre
Jalan Pinang, 50450 Kuala Lumpur
Wilayah Persekutuan Kuala Lumpur, Malaysia
Tel: +603-2333 2888

Shah’s Village Hotel, No. 3 & 5 Lorong Sultan
46200 Petaling Jaya
Selangor D.E. Malaysia
Tel: 603-7956 9322 | Fax: 603-7955 7715


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance

Press Contacts
For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Anastasia Loginova, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

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Increasing Kids Financial Capability Through Innovation

PRESS RELEASE
FOR IMMEDIATE RELEASE
September-30-2014

Child & Youth Finance International’s 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will bring together policy-makers and financial service providers to discuss innovative ways to increase children and youth’s financial capability.

Amsterdam, the Netherlands– Child and Youth Finance International’s (CYFI) 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will be hosted by the National Bank of the Republic of Macedonia in Skopje, Macedonia from October 2-3, 2014. Regional leading policy-makers, financial institutions, experts, practitioners and innovators who are engaged in the issues of children and youth’s financial access, financial inclusion and financial education, employability and entrepreneurship opportunities will attend to share success stories and challenges. The objective of the meeting is to strengthen and align financial inclusion, Economic Citizenship Education and entrepreneurship initiatives for youth in the region.

Senior representatives from Ministries of Education, Ministries of Finance, Central Banks, children's rights organizations, multi-lateral agencies, and educational and financial institutions are confirmed to attend.

MasterCard and CYFI share the belief that enabling financial inclusion and economic citizenship education for children and youth is critical for a more inclusive economy. Without this access, young people can’t save or invest in their future.

“In January this year, MasterCard formed a strategic partnership with CYFI with the goal to advance financial capabilities of children and youth. We are honored to bring our expertise and experience to this partnership. At the same time, MasterCard and CYFI acknowledge the key role that public-private-partnerships can play in furthering this goal, and we are committed to working together with businesses, governments and NGOs. MasterCard’s participation in this year’s CYFI regional meeting in Skopje is aimed at demonstrating that financial institutions have the opportunity to make a difference for youth, and that considering youth as stakeholders in financial education and product development is paramount to shaping the future of a cashless generation,” explains Artur Turemka, General Manager, Balkans, MasterCard, who will present on the best practices and policy recommendations for increasing financial capability for children and youth. In this session, he will be joined by high-level representatives from UNICEF, the G20-GPFI Turkish presidency, and central banks from the region.

Banking a New Generation: Developing Responsible Retail Banking Products for Children and Youth is a guide co-published by MasterCard and Child and Youth Finance International (CYFI). Created to help financial institutions, NGOs and governments co-create appropriate and innovative banking and payment products for children and youth, the guide will be distributed to multi-sectoral participants attending the Regional Meeting.

CYFI and the National Bank of the Republic of Macedonia are honored to announce the following confirmed speakers:

  • Mr. Dimitar Bogov, Governor, National Bank, Macedonia
  • Mr. Zoran Stavreski, Minister of Finance, Macedonia
  • Mr. Dime Spasov, Minister of Labor and Social Policy, Macedonia
  • Mr. Vahdettin Ertas, Chairman, Capital Market Boards of Turkey
  • Ms. Eija Hietavuo, UNICEF
  • Ms. Susana Narciso, Banco do Portugal
  • Ms. Kristina Nikolovska, National Bank of the Republic of Macedonia
  • Mr. Artur Turemka, General Manager, Balkans, MasterCard
  • Ms. Aysen Kulakoglu, Head of Department, Chair G20-GPFI Turkish presidency, Under Secretariat of Treasury, Turkey

###

Note to Editors:
MasterCard’s Ms. Louise Entwistle, Government and Public Sector Market Development Europe; Ms. Ana-Maria Pochi, Account Manager Romania; and Mr. Rohnny Swennen, Business Leader, Global Youth Product Development; along with CYFI’s Innovation Manager Ron van den Akker, will lead a session on innovative solutions for increasing financial inclusion and financial education of children and young people through low cost, secure and scalable quality banking products.


Links and Information

The full Meeting Agenda can be found here

Press Releases are released on schedule and can be found here: Wednesday, September 24 – Pre-meeting Monday, October 6 – Meeting Summary Social Media

Relevant Social Media Accounts:
@MasterCardNews | @ChildFinance | @ChildfinanceCIS

CYFI Europe & Central Asia Regional Meeting Hashtags:
#CYFIMacedonia |#CYFIYouth

Other related Hashtags:
#finlit |#entrepreneurship |#youth| #financialeducation | #financialinclusion


About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Aleksandar Dimishkovski: This email address is being protected from spambots. You need JavaScript enabled to view it.
+389 70 742 503
Jelena Dasic: This email address is being protected from spambots. You need JavaScript enabled to view it.
+381 63 119 1091

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Youth to Talk Money with Policy Makers

Child and Youth Finance International’s 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will bring together policy makers, financial service providers and children and youth from the region to discuss innovative ways to responsibly and sustainably include the young generation in their national economies.

Amsterdam, the Netherlands – Child and Youth Finance International's (CYFI) 3rd Annual Regional Meeting for Europe and Central Asia (ECA) will be hosted by the National Bank of the Republic of Macedonia in Skopje, Macedonia from October 2-3, 2014. Regional leading policy-makers, financial institutions, experts, practitioners and innovators who are engaged in the issues of children and youth’s financial inclusion, financial education, employability and entrepreneurship opportunities will attend to share success stories and challenges. The objective of the meeting is to strengthen and align financial inclusion, economic citizenship education and entrepreneurship initiatives for youth in the region.

Senior representatives from Ministries of Education, Ministries of Finance, Central Banks, children's rights organizations, multilateral agencies, and educational and financial institutions are confirmed to attend.

65 children and youth from across Europe and Central Asia will present to the policy-makers their action points for creating appropriate and sustainable youth economic opportunities. By ensuring youth are included as active participants in the decision-making process we believe that the policies shaped will be more youth-focused and inclusive, and the youth themselves will be more inclined to agree with the policies as they helped create them.

CYFI and the National Bank of the Republic of Macedonia are honored to announce the following confirmed speakers:

Mr. Dimitar Bogov, Governor, National Bank, Macedonia
Mr. Zoran Stavreski, Minister of Finance, Macedonia
Mr. Dime Spasov, Minister of Labor and Social Policy, Macedonia
Mr. Vahdettin Ertas, Chairman, Capital Market Boards of Turkey
Ms. Eija Hietavuo, UNICEF
Ms. Susana Narciso, Banco do Portugal
Mr. Michal Skowronek , MasterCard


Links and Information

The full Meeting Agenda can be found here

Press Releases for the meeting will go out:
Wednesday, September 25 – Pre-meeting
Monday, October 6 – Meeting Outcomes


Social Media

Relevant Social Media Accounts:
@ChildFinance | @ChildfinanceCIS | @CYFIYouth

ECA Regional Meeting Hashtags:
#CYFIMacedonia |#CYFIYouth

Other related Hashtags:
#finlit#entrepreneurship#youth | #financialeducation | #financialinclusion


About the National Bank of the Republic of Macedonia

The National Bank of the Republic of Macedonia is a central bank and only bank of issue in the Republic of Macedonia. Its primary objective is to maintain price stability.

In 2012 the National Bank of the Republic of Macedonia launched a project titled "Financial Education" to inform the citizens of the Republic of Macedonia about the finances and the economy. Brochures, manuals, cartoons and other educational materials are developed, printed and distributed to the public. The project is contributing to the general wellbeing of Macedonia’s citizens and economy.

Website: http://www.nbrm.mk/


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Caitlin Watson, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

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Guatemala City Became the Central American Capital of Financial Education for Two Days

CYFI’s 3rd Annual Latin America and Caribbean (LAC) Regional Meeting 2014 brought together policy makers and financial service providers to discuss innovative ways to responsibly and sustainably include children and youth in the economy.

PRESS RELEASE
September-24-2014

Amsterdam, the Netherlands – This year Guatemala hosted the Third CYFI Regional meeting for the Americas and the Caribbean. Framed by the IX Regional Congress on Remittances, Microfinance and Financial Inclusion, this event took financial education and financial inclusion to the top of the regional agenda.

“We are very pleased to welcome you all to this space for exchange and learning.” Dr. Roberto Ortega Herrera, President of the Guatemalan Banking Association.

The Central American sub-region had an unprecedented participation in this event in which financial intuitions, Ministries of Finance and Education, NGO’s, foundations and leading researchers gathered to network, collaborated and shared innovations and ideas on the topics of financial inclusion, financial education as well as employability and entrepreneurship.

Undoubtedly, this event contributed to Child and Youth Finance International’s goal to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Increasing Sustainable Growth by Financially Including Youth

“Remittances have the potential to change the life of youth in Latin America. We have to make sure that it is for the better.” Lic. Oscar Avalle, Resident Representative, World Bank Group

During the event a great focus was put on financial inclusion as a tool to diminish social exclusion and facilitate growth in the region. Speakers recognized that there a variety of ways to increase financial inclusion and the proof of the opportunities which financial inclusion generates is too abundant to be ignored. Emphasis was given to the family structure and the need for specific policies to improve social conditions, especially for youth.

Panelists highlighted one of the problems which the sub-region is facing: often financial inclusion is increasing as an unintended consequence of rapid growth in the financial market. They highlighted the importance of encouraging structured growth that is accompanied by youth and family specific policies.

Innovation and Education: Tools for Building a Financially Inclusive Society

“Innovations have changed the way we think about finances, now they have to change the way we do finances” Lic. Gabriela Zapata, Consultant, MetLife Foundation.

Financial institutions and government institutions were the sectors primarily represented in this event. Participants were pleased to hear from both sides a pledge for greater contribution and coordination amongst all sectors involved in increasing Economic Citizenship Education. Panelist emphasized the importance of using innovative channels to increase financial inclusion while providing financial education to the young population.

Participants acknowledged that the road to providing financial services and products to children and youth is still long and bumpy, even with the increase in technology. However, they enthusiastically welcomed the idea of SchoolBank, and there was great interest shown in the development of pilot projects in the region.

Participants highlighted the importance of tailoring SchoolBank projects to specific national and community contexts.

SchoolBank focuses on the creation of low cost, secure and scalable banking products for children and young people between 6 and 25 years of age. The project seeks to combine the use of state-of-the-art banking technologies and innovative distribution channels beyond the conventional distribution networks of financial products and services.

Global Money Week 2015

“Global Money Week is a great opportunity to show the world what is being done in Guatemala for the financial education of children and youth, and also to learn how we can do better.” Lic. Antonieta Gutierrez, Executive Director, Central Bank of Guatemala.

The event served as a platform to launch Global Money Week 2015 in the Americas and the Caribbean. Participants were excited to hear from different institutions about their participation in past editions of this initiative.

The Central Bank of Guatemala and the Superintendence of Banks of Guatemala invited all present institutions to join their efforts in 2015 and to reflect deeply on the theme of GMW 2015: Save today. Safe tomorrow. and the importance of savings for ensuring Guatemala’s sustainable growth.

Changing Policy at a National Level

Prior to the Regional Meeting for the Americas and the Caribbean the Central Bank of Guatemala highlighted their commitment to the CYFI Movement, while hosting a National Stakeholder’s Meeting to discuss the development of financial education and financial inclusion programs in the country.

The Ministry of Education, the Superintendence for Tributary Administration and the Superintendence of Banks, joined the Central Bank of Guatemala and CYFI in this event which served as a space to exchange information about the programs that these institutions are implementing as well their outreach to children and youth.

Agreements included the utilization of CYFI’s National Mapping Tools to identify gaps in their financial regulation, existing programs on financial education, and existing financial services for children and youth in the country.

Download the Global Money Week 2015 Toolkit to find out everything that you need to know about organizing an activity in your country!


Social Media

LAC Regional Meeting Hashtags:
#IXCOREMIF | #CYFIGuatemala

Global Money Week 2015 Hashtags:
#GMW2015 | #GlobalMoneyWeek | #CYFI

Other related Hashtags:
#finlit | #entrepreneurship | #youth | #celebrate | #jointhefun


About COREMIF

The IX Congress of Remittances, Microfinance and Financial Inclusion (COREMIF) aims to promote the exchange of ideas, information and experiences in national and international financial inclusion, financial literacy, microfinance and remittances. This is to promote and raise business strategies and alliances that result in increased economic citizenship in Guatemala and the region.

Website: http://www.ebg.edu.gt/congreso/coremif-2014/
Twitter: @ABG_EBG


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Caitlin Watson, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0) 20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0) 20 520 3900

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Ciudad de Guatemala se convirtió en la capital de centroamericana de la educación financiera durante dos días

La 3ra edición de la Reunión Regional de CYFY para América Latina y el Caribe (LAC) 2014 reunió a los líderes financieros de las Américas y el caribe en Guatemala, para discutir las tendencias más recientes en inclusión y educación financiera para niños, niñas y jóvenes.

PRESS RELEASE
September-24-2014

Amsterdam, Países Bajos  Este año Guatemala fue sede de la Tercera Reunión Regional CYFI para las Américas y el Caribe. Enmarcado en la realización del IX Congreso Regional de Remesas, Microfinanzas e inclusión financiera (COREMIF), este evento sirvió para llevar la educación financiera y la inclusión financiera a las prioridades de la agenda regional. "Estamos muy contentos de darles la bienvenida a este espacio para el intercambio y el aprendizaje" Dr. Roberto Ortega Herrera, presidente de la Asociación Bancaria de Guatemala.

En esta edición el evento dio un espacio especial a la América central. La subregión tuvo una participación sin precedentes en este evento, en el que las intituciones financieras, los Ministerios de Finanzas y Educación, ONGs, fundaciones e investigadores líderes se unieron a las redes CYFI y Aflatoun, con la intención de compartir ideas sobre los temas de inclusión financiera, la educación financiera, así como la empleabilidad y el espíritu emprendedor en niños, niñas y jóvenes.

Sin lugar a dudas, este evento contribuyó a la meta de Child and Youth Finance International de desarrollar una generación capaz de prevenir futuras crisis financieras, mediante el aumento de la educación financiera, el acceso financiero, la empleabilidad y el desarrollo de competencias empresariales de los niños y jóvenes.

El aumento del crecimiento sostenible por Financieramente Incluyendo Juventud

"Las remesas tienen el potencial de cambiar la vida de los jóvenes en América Latina. Tenemos que asegurarnos de que sea para mejor ". Lic. Oscar Avalle, Representante Residente del Grupo del Banco Mundial

Durante el evento un gran foco fue puesto en la inclusión financiera como una herramienta para disminuir la exclusión social y facilitar el crecimiento de la región. Los oradores reconocieron que el incremento de la inclusión financiera puede tomar diferentes formas en la región y que las oportunidades se han mostrado abundantes. Se hizo hincapié en la estructura familiar y en la necesidad de políticas específicas para mejorar las condiciones sociales, especialmente de los jóvenes.

Los panelistas reconocieron que todavía hay un problema por abordar: la Inclusión Financiera en muchos casos ha ocurrido como una consecuencia no deseada del crecimiento del mercado financiero. Destacaron la importancia de fomentar el crecimiento estructurado que se acompañe de políticas específicas para los jóvenes y sus familias.

Innovación y Educación: Herramientas para la Construcción de una Sociedad Inclusiva

“Las innovaciones han cambiado la manera en que pensamos acerca de las finanzas, ahora tienen que cambiar la forma en la que hacemos finanzas.” Lic. Gabriela Zapata, Consultor de la Fundación MetLife.

Las instituciones financieras y las instituciones de gobierno fueron los sectores mayoritariamente representados en este evento. Los participantes se mostraron complacidos de escuchar de ambas partes, un compromiso para una mayor contribución y coordinación entre todos los sectores implicados en el aumento de la educación para ciudadanía económica en sus países. Panelistas destacaron que esto es particularmente importante cuando se habla del uso de canales innovadores para el aumento de la inclusión financiera y educación financiera a la población.

Todavía hay un largo camino por recorrer cuando se habla sobre la prestación de servicios financieros a los niños, niñas y jóvenes, y el uso de la tecnología para aumentar la inclusión financiera de este segmento de la población. Sin embargo, el público recibió con gran entusiasmo la idea de SchoolBank y mostró interés en el desarrollo de proyectos piloto en la región. Los participantes destacaron la importancia de adecuar estos proyectos a los contextos nacionales y comunitarios.

SchoolBank se centra en la creación de productos financieros de bajo costo, seguros y escalables para niños, niñas y jóvenes de entre 6 y 25 años de edad. El concepto, promovido por Child and Youth Finance Internacional (CYFI), trata de combinar el uso de tecnologías de última generación y canales de distribución innovadores más allá de las redes de distribución convencionales de productos y servicios financieros.

Global Money Week 2015

"Global Money Week esuna gran oportunidad para mostrar al mundo lo que se está llevando a cabo en Guatemala para la educación financiera de niños, niñas y jóvenes, y también para saber qué podemos hacer mejor." Lic. Antonieta Gutiérrez, Directora Administrativa, Banco Central de Guatemala

El evento sirvió como plataforma de lanzamiento de Global Money Week 2015 en las Américas y el Caribe. Los participantes se emocionaron al escuchar de diferentes instituciones guatemaltecas sobre su participación en ediciones anteriores de esta iniciativa.

El Banco Central de Guatemala y la Superintendencia de Bancos de Guatemala invitaron a todas las instituciones presentes a unirse a sus esfuerzos en el año 2015 y a reflexionar en profundidad sobre el tema de GMW 2015: Ahorra hoy. Mañana seguro, y la importancia del ahorro para el crecimiento sostenible de Guatemala.

Cambio de Política a Nivel Nacional

Previo al inicio de la Reunión Regional para las Américas y el Caribe, el Banco Central de Guatemala destacando su compromiso con el Movimiento CYFI, auspició una reuniones de actores nacionales para discutir el desarrollo de la inclusión financiera y programas de educación financiera en el país.

El Ministerio de Educación, la Superintendencia de Administración Tributaria y la Superintendencia de Bancos, acompañaron al Banco Central de Guatemala y a Child and Youth Finance Internacional en este evento, que sirvió como un espacio para el intercambio de información sobre los programas que estas instituciones están implementando y su difusión, especialmente a los niños, niñas y jóvenes guatemaltecos

Acuerdos incluyen la utilización de las herramientas de mapeo nacional de CYFI para identificar los vacíos en la regulación, los programas de educación financiera existente y los servicios financieros existentes para los niños, niñas y jóvenes en el país.


Redes sociales

Hashtags Reunión Regional para las Americas y el Caribe:
#IXCOREMIF | #CYFIGuatemala

Hashtags Global Money Week 2015:
#GMW2015 | #GlobalMoneyWeek | #CYFI

Otros hashtags relacionados:
#finlit | #entrepreneurship | #youth | #celebrate | #jointhefun


Acerca COREMIF

El IX Congreso de Remesas, Microfinanzas y Bancarización (COREMIF) tiene como objetivo promover un intercambio de ideas, información y experiencias nacionales e internacionales en temas de inclusión financiera, educación financiera, microfinanzas y remesas, con el propósito de fomentar y plantear estrategias de negocios y alianzas que redunden en el incremento de la ciudadanía económica en Guatemala y la región.

Sitio web: http://www.ebg.edu.gt/congreso/coremif-2014/
Twitter: @ABG_EBG


About Child and Youth Finance International

Child and Youth Finance International (CYFI) dirige el mayor Movimiento dedicado a mejorar el potencial financiero de niños, niñas y jóvenes. Lanzado en abril del 2012, el Movimiento se ha extendido a 100 paises y ha llegado a más de 18 millones de niños, niñas y jóvenes.

El Movimiento aprovecha la experiencia e innovaciones de su red de organizaciones a nivel global. Entre sus socios y colaboradores se incluyen autoridades reguladoras del sistema financiero y algunas de las instituciones financieras mundiales más importantes., ONGs internacionales, organizaciones multilaterales y bilaterales, fundaciones, académicos de renombre y, sobretodo, niños, niñas y jóvenes.

El Movimiento tiene un objetivo central: incrementar la ciudadanía económica de niños, niñas y jóvenes. Esto es, poner a disposición de niños, niñas y jóvenes entre 8 y 18 años el conocimiento necesario para tomar decisiones financieras acertadas, darles oportunidades de acumular ahorros y enseñarles las aptitudes para encontrar trabajo, obtener medios de vidas sosteniblesy por último romper el ciclo de pobreza.

Sitio web: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Contactos para la prensa

Para más información sobre cualquiera de los eventos mencionados y / o Child & Youth Finance International, por favor póngase en contacto con:

Caitlin Watson, Coordinadora de Comunicaciones
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0) 20 520 3900

Robin Willing, Director de Comunicaciones y Operaciones
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0) 20 520 3900

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Financial Inclusion and Financial Education for Children and Youth Takes the Stage in Guatemala

CYFI’s 3rd Annual Latin America and Caribbean (LAC) Regional Meeting 2014 will bring together policy makers and financial service providers to discuss innovative ways to responsibly and sustainably include children and youth in the economy.

PRESS RELEASE
September-09-2014

Amsterdam, the Netherlands CYFI’s 3rd Annual Latin America and Caribbean (LAC) Regional Meeting 2014 will be held in Guatemala City, Guatemala on September 18 – 19, 2014. The meeting is co-organized by CYFI, the Banking Association of Guatemala, and Aflatoun and hosted by the Banking Association of Guatemala during the IX edition of COREMIF.

This event will be inaugurated by the President of the Guatemalan Banking Association, Dr. Roberto Ortega Herrera, the Superintendent of Banks, Dr. Ramón Tobar Morales, and the President of the Central Bank of Guatemala, Dr. Edgar Barquín Durán, who will be sharing key insights on financial inclusion and financial education from a regional perspective.

Participants from a wide range of sectors such as financial institutions, Ministries of Finance and Education, NGO’s, foundations as well as leading researchers will gather in Guatemala City, Guatemala to network, collaborate and share innovations and opinions on the topics of financial inclusion, financial education as well as employability and entrepreneurship skills.

Financial Education as a Foundation to Financial Inclusion

With topics such as “Tech tools to improve financial inclusion”, “Financial education as a foundation to financial inclusion” and “Setting the stage for sustainable livelihoods of children and youth” the meeting will focus on the innovative ways in which financial service providers in the region can increase sustainable economic growth by increasing youth financial inclusion, financial education and livelihood education.

All members of the CYFI Network in this region are welcome to attend the meeting, which will be held in Spanish. For more information please visit www.lacspa.childfinanceinternational.org or contact Sofia Ortega Tineo, CYFI’s LAC Regional Advisor at This email address is being protected from spambots. You need JavaScript enabled to view it..


New and Improved Toolkit Released for Global Money Week 2015!

Global Money Week is a time when children and youth learn the importance of savings, responsible spending and entrepreneurial skills. Taking place between 9th-17th March, 2015, Global Money Week (GMW) is a worldwide celebration which empowers the young generation to be confident, responsible and skilled economic citizens. Last year over 3 million children and youth from 118 countries participated in over 2000 financial education, livelihoods education, and financial inclusion activities held by 490 organizations!

Global Money Week takes place every year during the second week of March and creates awareness on the importance of being financially capable and educated from a young age. Coordinated by Child and Youth Finance International (CYFI) the activities themselves are organized by schools, universities, government ministries, central banks, financial institutions, members of the civil society and communities of active youth worldwide.

Download the Global Money Week 2015 Toolkit to find out everything that you need to know about organizing an activity in your country!


Social Media

LAC Regional Meeting Hashtags:
#IXCOREMIF | #CYFIGuatemala

Global Money Week 2015 Hashtags:
#GMW2015 | #GlobalMoneyWeek | #CYFI

Other related Hashtags:
#finlit |#entrepreneurship |#youth| #celebrate |#jointhefun


About COREMIF

The IX Congress of Remittances, Microfinance and Financial Inclusion (COREMIF) aims to promote the exchange of ideas, information and experiences in national and international financial inclusion, financial literacy, microfinance and remittances. This is to promote and raise business strategies and alliances that result in increased economic citizenship in Guatemala and the region.

Website: www.ebg.edu.gt/congreso/coremif-2014/


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Caitlin Watson, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900


La Educación Financiera Para Niños y Niñas se da Cita en Guatemala

La 3ra edición de la Reunión Regional de CYFY para América Latina y el Caribe (LAC) 2014 reunirá a los líderes financieros de las Américas y el caribe en Guatemala, para discutir las tendencias más recientes en inclusión y educación financiera para niños, niñas y jóvenes.

COMUNICADO DE PRENSA
Septiembre-08-2014

Amsterdam, Países Bajos – La 3ra edición de la Reunión Regional de CYFY para América Latina y el Caribe (LAC) 2014 se llevará a cabo en la Ciudad de Guatemala, Guatemala, del 18 al 19 de septiembre del presente año. El encuentro está organizado conjuntamente por CYFI, la Asociación Bancaria de Guatemala, y Aflatoun y enmarcada en el IX Congreso Regional de Remesas, Microfinanzas e Inclusión Financiera (COREMIF).

El evento será inaugurado por el Presidente de la Asociación Bancaria de Guatemala, Lic. Roberto Ortega Herrera, el Superintendente de Bancos, Lic. Ramón Tobar Morales y el Presidente de la Junta Monetaria y del Banco de Guatemala, Lic. Edgar Barquín Durán, quienes estarán compartiendo con el público asistentes sus impresiones en cuanto a la inclusión e inclusión financiera desde una perspectiva regional.

Los participantes de una amplia gama de sectores se darán cita en este evento. Intuiciones financieras, Ministerios de Finanzas y Educación, ONGs, fundaciones, así como los principales investigadores de la red CYFI se reunirán en la Ciudad de Guatemala, Guatemala con el fin de colaborar y compartir innovaciones y opiniones sobre los temas de inclusión financiera, educación financiera, empleabilidad y emprendimiento.

La Educación Financiera Como Base Para la Inclusión Financiera

Con temas como "herramientas tecnológicas para mejorar la inclusión financiera", "La educación financiera como base para la inclusión financiera" y " Creación de medios de vida, empleabilidad e inclusión financiera para jóvenes.", la reunión se centrará en las innovaciones que los proveedores de servicios financieros en la región han implementado para aumentar el crecimiento económico en la región a través de; incremento de la inclusión y la educación financiera de niños, niñas y jóvenes.

Todos los miembros de la red CYFI en las Américas y el Caribe están invitados a asistir a la reunión.

Para obtener más información, puede visitar nuestra página web www.lacspa.childfinanceinternational.org o puede ponerse en contacto con Sofía Ortega Tineo, Asesor Regional para las Américas y el Caribe de CYFI a través de la dirección de correo electrónico This email address is being protected from spambots. You need JavaScript enabled to view it..


¡La nueva y mejorada Guía de trabajo: Global Money Week 2015!

Global Money Week es un momento en el que niños, niñas y los jóvenes aprenden la importancia del ahorro, el gasto responsable y las habilidades empresariales. Global Money Week tendrá lugar del 9 al 17 de marzo de 2015. Global Money week es una celebración mundial que busca incrementar las capacidades financieras a niños, niñas y jóvenes. ¡En 2014 más de 3 millones de niños, niñas y jóvenes de 118 países participaron en más 2000 actividades de educación financiera de la mano de 490 organizaciones!

Global Money Week busca crear conciencia sobre la importancia de ser financieramente capaz desde una edad temprana. Coordinado por Child and Youth Finance Internacional (CYFI), las actividades son organizadas por las escuelas, universidades, ministerios, bancos centrales, instituciones financieras, organizaciones de la sociedad civil y las comunidades de la juventud activa en todo el mundo.

¡Descarga el Guía de trabajo: Global Money Week 2015 para enterarte de todo lo que necesitas saber acerca de la organización de una actividad en tu país!


Redes sociales

Hashtags Reunión Regional para las Americas y el Caribe:
#IXCOREMIF | #CYFIGuatemala

Hashtags Global Money Week 2015:
# GMW2015 | #GlobalMoneyWeek | #CYFI

Otros hashtags relacionados:
#finlit | #entrepreneurship | #youth | #celebrate | #jointhefun


Acerca COREMIF

El IX Congreso de Remesas, Microfinanzas y Bancarización (COREMIF) tiene como objetivo promover un intercambio de ideas, información y experiencias nacionales e internacionales en temas de inclusión financiera, educación financiera, microfinanzas y remesas, con el propósito de fomentar y plantear estrategias de negocios y alianzas que redunden en el incremento de la ciudadanía económica en Guatemala y la región.

Sitio web: www.ebg.edu.gt/congreso/coremif-2014/
Twitter: @ABG_EBG


About Child and Youth Finance International

Child and Youth Finance International (CYFI) dirige el mayor Movimiento dedicado a mejorar el potencial financiero de niños, niñas y jóvenes. Lanzado en abril del 2012, el Movimiento se ha extendido a 100 paises y ha llegado a más de 18 millones de niños, niñas y jóvenes.

El Movimiento aprovecha la experiencia e innovaciones de su red de organizaciones a nivel global. Entre sus socios y colaboradores se incluyen autoridades reguladoras del sistema financiero y algunas de las instituciones financieras mundiales más importantes., ONGs internacionales, organizaciones multilaterales y bilaterales, fundaciones, académicos de renombre y, sobretodo, niños, niñas y jóvenes.

El Movimiento tiene un objetivo central: incrementar la ciudadanía económica de niños, niñas y jóvenes. Esto es, poner a disposición de niños, niñas y jóvenes entre 8 y 18 años el conocimiento necesario para tomar decisiones financieras acertadas, darles oportunidades de acumular ahorros y enseñarles las aptitudes para encontrar trabajo, obtener medios de vidas sosteniblesy por último romper el ciclo de pobreza.

Sitio web: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Contactos para la prensa

Para más información sobre cualquiera de los eventos mencionados y / o Child & Youth Finance International, por favor póngase en contacto con:

Caitlin Watson, Coordinadora de Comunicaciones
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+31 (0) 20 520 3900

Robin Willing, Director de Comunicaciones y Operaciones
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+31 (0) 20 520 3900

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Children and Youth propose a Youth UN

PRESS RELEASE
FOR IMMEDIATE RELEASE
June-02-2014

Children, youth and high-level stakeholders discuss the post-2015 agenda at the UN

Amsterdam, the Netherlands – A Chance for Change: Child and Youth Finance and the Post-2015 Agenda was organized by Child and Youth Finance International (CYFI) with the support of United Nations Capital Development Fund (UNCDF) on May 23, 2014, at the United Nations Headquarters in New York. The meeting featured children, youth and high-level stakeholders, and was attended by 341 participants from 90 countries, including ambassadors and representatives of 43 permanent missions to the UN.

The main objective of the meeting was to ensure that the financial and social inclusion of children and youth are included in the Post-2015 agenda, as inclusion is crucial for fighting inequalities and promoting sustainable growth. This meeting allowed youth to bring their concerns, desires and dreams for the future directly to policymakers. All recommendations for the Post-2015 agenda were structured along the following themes: basic access to financial services, employability, Economic Citizenship Education and youth livelihoods (employment and entrepreneurship).

90 children and youth, from across the world, spoke to the high-level stakeholders on behalf of 4,000 youth who participated in the global youth survey; 6,500 people involved in the DreamsBank campaign on Facebook; and 3 million conversations on Twitter. They presented their ideas to the high-level stakeholders on what they think should be included in the Post-2015 Agenda, stressing the importance of increased Economic Citizenship Education, Financial Inclusion and Youth Livelihoods in helping them develop into active and responsible economic citizens capable of making informed decisions.

The youth representatives presented the following 8 points, which they hope will be included in the Post-2015 Development Agenda:

  • Creation of a youth-led UN body dedicated to the youth's social and economic well-being;
  • Economic Citizenship Education (ECE) should be offered in primary, secondary school and post-secondary school curricula;
  • Every child and youth 12 to 18 should have a bank account;
  • Governments should create policies and programs to prevent youth unemployment and facilitate entrepreneurship through special funds;
  • All companies should dedicate a portion of their revenue profit to youth related activities;
  • There should be special tax benefits for youth, especially youth entrepreneurs;
  • Governments should ensure that all youth currently up to the age of 30 have a bank account ;
  • Every person in the world should be financially included especially youth from 18-24.

Emerging strongly from this meeting was the request by children and youth for a separate, youth-led “Youth UN” – a UN body dedicated to addressing youth issues, particularly their social and financial well-being. This body could replicate the UN structure, with its own Youth Council (or General Assembly) and Secretariat. It would consist of regional representatives and coordinate with existing UN efforts. In response to this request, Mr. Ravi Karkara, the Global Expert Advisor on Children and Youth, UN-Habitat, agreed that "we need to create permanency in the youth agenda and be a part of this partnership for a larger reengineering of the youth agenda."

“We will advocate for each one of the points you have raised today into the post-2015 agenda – they are much more than requests, they are rights and I support them fully,” said Ms. Amina Mohammed, the Secretary General’s Special Advisor on Post-2015 Development Planning. Ms. Mohammed went on to express the UN’s support for advancing the youth agenda, especially in the areas of financial inclusion, financial education and employment.

Mr. Ahmad Alhendawi, the United Nations Secretary General’s Envoy on Youth, committed to bring forward the points raised by the youth in this meeting to the post-2015 discussion. He highlighted that for the 75 million young people who are unemployed; projections show that 600 million jobs will be needed; therefore he finds it imperative that we build an environment that encourages, aids and supports the youth in creating their own jobs. John Ashe, President of the UN General Assembly, expressed his support of the meeting’s agenda through his Special Advisor, Mr Nicolas Pron who said "It is time for change. It is time for children and youth to be spared the burdens of poverty, and it is time for youth to experience social and financial inclusion, which would allow them to thrive through decent employment or creative entrepreneurship."

The World Bank’s support of the youth’s requests and the Child and Youth Finance Movement was emphasized by Mr. Mahmoud Mohieldin, President’s Special Envoy, World Bank.

UNCDF’s Policy Advisor, Ms. Beth Porter, confirmed UNCDF’s commitment to taking forward the issues raised by the youth to other UN agencies. She reminded the audience that this is the chance for change and it must be taken, collaboratively, to advance the agenda to ensure that all youth are financial included and financially capable.

The meeting concluded with statements from UN permanent representatives to take the requests of the children and youth forward during their country-level deliberations. Ms. Simona-Mirela Miculescu, the Ambassador of the Romanian Permanent Mission to the United Nations, expressed her appreciation for the power and creativity of youth, emphasizing the potential and responsibility of the world’s youth to catalyze change. Ms. Miculescu described how sustainable economic growth was linked to financial inclusion and financial education for youth.


Social Media

Event Hashtags:

#CYFI2014 | #UNforYouth | #DreamsBank2014

Other related hashtags:

#MDG | #finlit |#entrepreneurship |#youth | #awards | #GMW2014 | #celebrate |#jointhefun


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Caitlin Watson, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

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Press Release - 2014 CYFI Awards announced

PRESS RELEASE
FOR IMMEDIATE RELEASE
May-22-2014

2014 CYFI Awards celebrate the best in Youth Financial Inclusion, Economic Citizenship Education, and Youth Entrepreneurship

New York, New York - Tonight Child & Youth Finance International (CYFI) hosted the 2014 CYFI Awards at the Millennium UN Plaza Hotel. This annual awards ceremony CYFI recognizes and honors individuals, organizations, and government agencies that demonstrate innovation and commitment to promoting financial inclusion and financial, social and livelihoods education for children and youth at the national, regional and international level.

Thomson Reuters' Personal Finance Editor Lauren Young anchored the evening where special addresses were made from Annemiek Hoogenboom, Founder and Director UK's People Post Code Lottery, and, Silvia Singer Director of the Interactive Museum of Economy, Mexico.

"If I'm handing the baton of the world to the youth who are here today, I can promise you, that the future is incredible. They're smart, they're engaged, and they're absolutely fired up to get #UNforYouth representation!" Lauren Young, Personal Finance Editor, Thompson Reuters

"Age is no barrier for ambition. We can't underestimate the power that education plays in the fullfillment of their goals. The wisest decision we can make is to invest in education." Annemiek Hoogenboom, Founder and Director, People's Post Code Lottery

"Financial education provides children and youth with tools to navigate the contemporary world." Silvia Singer, Director of the Interactive Museum of Economy, Mexico

"The achievements of each one of the finalists serve as a powerful testimony to the incredible potential of collaboration and innovation in the field of financial inclusion, education and sustainable livelihoods for young people. CYFI would like to congratulate all the CYFI Award Winners tonight and wish them continued success in their home countries and local communities." Jeroo Billimoria, Managing Director of CYFI

2014 CYFI Awards Winners and Finalists

CYFI Pioneer Award

Winner: Al-Amal Microfinance, Yemen | Finalists: ING Turkey and UCU Rwanda

CYFI Country Award

Africa Winner: South Africa | Finalists: Kenya and Ghana
Americas Winner: Brazil | Finalists: Paraguay and Peru
Asia Winner: Singapore | Finalists: Fiji and Bhutan
Europe Winner: Portugal | Finalists: Czech Republic and Turkey
MENA Winner: Saudi Arabia | Finalists: Egypt and Morocco

CYFI "Global Money Week" Award

Africa Winner: Zambia | Finalists: Malawi, and Nigeria
Asia Winner: Mongolia | Finalists: Brunei, and Nepal
Americas Winner: Dominican Republic | Special Mention: Guatemala | Finalist: Suriname
Europe Winner: Romania | Finalist: the Netherlands and Albania
MENA Winner: Egypt | Special Mention: Yemen | Finalist: Saudi Arabia

2014 CYFI Youth Awards Winners and Finalists

Youth Entrepreneurship

Africa Winner: Lamorena Bridget Gabotolane (Botswana) | Finalists: Amabella Nwankwo (Nigeria) and Nyeri High School (Kenya)
Americas Winner: Jerome Marlon Cowans (Jamaica) and Danielle Gafni (USA) | Finalists: Diana Bernita (Ecuador) and Cynthia Andrea Jara (Paraguay)
Asia Winner: Guru Mathivanan (India) | Finalists: Dilnasheen Alamgir (India), Longbiao Tang (China), and Jessalyn Burcer (Philippines)
Europe Winner: Yulia Frolova (Ukraine) | Finalists: Dimitrie Calin Cielecki (Romania) and Mohamed Omar (UK)

Financial Inclusion: the Youth Financial Landscape Award

Africa Winner: Kelvin Kinoti (Kenya) | Finalist: Walter Kiburi (Kenya)
Americas Winner: Jhose Adolfo (Peru) | Finalist: Mahir Jethanandani (USA)
Asia Winner: Baasan-Amgalan Ichinnorov (Mongolia) | Finalist: Josh Cezar Serilo (Philippines)
Europe Winner: Erik Frach (Germany) | Finalist: Yulia Frolova (Ukraine)
MENA Winner: Yasmina and Dalia Aoun (Lebanon) | Finalist: Said ELmahmoudi (Morocco)

DreamsBank Campaign Award

Winner: Nita Wakan and Gita Anggraini (Indonesia)
Finalists: Abigael Pertet (Costa Rica), Blair Fiander (UK), Cynthia Tembo (Zambia) Ifeanyi Dickins E (Nigeria), and Smart Investor (Saudi Arabia)


Social Media

Event Hashtags:

#CYFI2014 | #UNforYouth | #DreamsBank2014

Other related hashtags:

#MDG | #finlit |#entrepreneurship |#youth | #awards | #GMW2014 | #celebrate |#jointhefun


About Child and Youth Finance International

Child and Youth Finance International (CYFI) aims to develop a generation that will be able to prevent future financial crises by increasing the financial education, financial access, employability, and entrepreneurship skills of children and youth.

Launched in April 2012, the Child and Youth Finance Network has already expanded to 125 countries and reached more than 18 million children. Our international and regional events result in policy changes, and are the only events in the world where children contribute to setting the global agenda.

Website: www.childfinanceinternational.org
Facebook: facebook.com/ChildFinance
Twitter: twitter.com/ChildFinance


Press Contacts

For further information about any of the mentioned events and/or Child & Youth Finance International, please contact:

Caitlin Watson, Communications Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Robin Willing, Director of Communications & Operations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0)20 520 3900

Rate this blog entry:
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Efforts to Advance Financial Inclusion of Children and Youth Get Boost

Press Release

Efforts to Advance Financial Inclusion of Children and Youth Get Boost

MasterCard and Child & Youth Finance International Announce Strategic Partnership

To tweet this news, copy and paste http://mstr.cd/1kU3KA0 to your Twitter handle with the hashtag #FinancialInclusion

PURCHASE / AMSTERDAM – January 21, 2014MasterCard (NYSE: MA) and Child & Youth Finance International (CYFI) today announced a global strategic partnership aimed at advancing financial capabilities of children and youth.

Of the 2.2 billion children1 in the world less than 1 percent2 has access to any form of financial education, often exposing them to potential exploitation. MasterCard and CYFI share the belief that enabling financial inclusion and education is critical for promoting the economic and social livelihood of children and youth around the globe.

As one of their first actions, MasterCard and CYFI have joined forces to develop guidelines for responsible financial products for children and youth. These guidelines build on the Children’s Rights and Business Principles adopted by UNICEF and are meant to provide practical orientation for banks that want to serve a younger demographic. The guide will be published this spring and made available to financial institutions, NGOs and government entities.

Comments Ajay Banga, MasterCard President and CEO: “We share CYFI’s vision that every child and youth has a right to safe, accessible financial services and are honored to bring our expertise and experience to this partnership, empowering the young generation to grow into productive economic citizens.”

Jeroo Billimoria, CYFI Managing Director, states: “Roughly half of the world’s population is under the age of 25 – and it takes a broad effort to building up their financial capabilities. We are delighted that MasterCard, a trail-blazer for financial inclusion, is supporting us in our goal to reach 100 million children and youth in 100 countries by 2015.”

Apart from raising general awareness for the specific needs of children and youth, MasterCard and CYFI will partner to define and execute concrete strategies that advance financial inclusion and education. Both MasterCard and CYFI acknowledge the key role that public-private-partnerships can play in furthering this goal and are committed to working together with businesses, governments and NGOs.

About Child & Youth Finance International

Child and Youth Finance International (CYFI) is a non-profit organization established in July 2011 and based in Amsterdam. The organization focuses on increasing financial inclusion and education for children and youth, so that every child can graduate from primary school with financial education and a savings account they own and operate. The target for CYFI’s global movement, launched in April 2012, is to reach 100 million children in a hundred countries by 2015. Child and Youth Finance International has more than 1,000 stakeholders, and the movement has reached over 18,700,000 children around the world, through 140 programs. CYFI has built global knowledge and shares resources on best practices and industry research. More information about the organization is available at www.childfinanceinternational.org. Follow us on Twitter @ChildFinance. Join us for Global Money Week 10-17 March, www.globalmoneyweek.org @GlobalMoneyWeek

About MasterCard

MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

Media Contacts:

Bernhard Mors
MasterCard Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +1 914 325 9676

Robin Willing
Child and Youth Finance International
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +31 20 5203 900

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Beyond the Promotional Piggy Bank Featured in the Guardian

Beyond the Promotional Piggy Bank Featured in the Guardian

UNICEF and CYFI’s joint publication, “Beyond the Promotional Piggy Bank” was featured in an article on the Guardian’s website.

This a discussion paper calls on financial institutions to develop products and services for children in ways that respect and support their rights. You can read the article on the Guardian Website, UNICEF’s CSR page and the Youth Economic Opportunities blog.

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