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

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

This comprehensive training module was developed by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the German Savings Banks’ Foundation for International Cooperation (SBFIC) in 2014, and is currently being disseminated by CYFI Secretariat within the framework of CYFI-GIZ collaboration. The training in Montenegro was delivered by CYFI staff and the international consultant Shaun Mundy.

The training received very good feedback from the participants, and provided countries with valuable insights on the important topics related to elaboration of the national financial education strategies, including stakeholders’ management, leadership and governance, monitoring and evaluation etc. The training included a substantial amount of time allocated to the development of the national work and action plans, and representatives of different institutions from the countries had a chance to sit together and plan concrete next steps to advance financial education in their countries.

The next Working Group meeting will take place during the international CYFI Summit in Bucharest, Romania, 28-29 June 2016. Thank you to the Central Bank of Montenegro for hosting the training!

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