Flore-Anne Messy

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DEVELOPING NATIONAL STRATEGIES FOR FINANCIAL
EDUCATION OECD/INFE HIGH LEVEL PRINCIPLES
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OECD/WB/RBI CONFERENCE ON FINANCIAL EDUCATION
THE RUSSIA/WORLD BANK/OECD FINANCIAL LITERACY
AND EDUCATION TRUST FUND, 4-5 MARCH 2013, NEW
DELHI

• Flore-Anne Messy
• Senior Policy Expert Executive Secretary of
  the International Network on Financial Education
• OECD Financial Affairs Division

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OUTLINE
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1. Empowering financial consumers a necessity
in an evolving societal financial context
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Low level of financial literacy/capability
(OECD/INFE 2012 survey and national surveys)
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Financial consumer empowerment trilogy Global
recognition
OECD/INFE High-Level Principles on National
Strategies for Financial Education
G20 (2011) High-Level Principles on Financial
Consumer Protection developed by the OECD
G20 (2010) Principles for Innovative Financial
Inclusion
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Financial Education (FE) A Capacity building
process
OECD 2005definition
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OECD/INFE contribution to Financial Education
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OECD/International Network on Financial Education
(INFE) Priority areas of work
Projects developed thanks to the Russian Trust
Fund
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2. National Strategy for Financial Education
(NS)Definition
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2. National strategies for financial
educationRelevance
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3. Selected findings of OECD/INFE survey NS
status
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National Strategy for Financial
EducationFramework
Governance and Role of stakeholers
Roadmap and main priorities
Implementation directions and evaluation
Preparatory and diagnosis phase
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The foundation preparatory step or diagnosis
phase
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Benefits of the preparatory phase
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1st Building pillar Governance mechanisms and
role of main stakeholders
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1st Building pillar (cont.) the Role of main
stakeholders
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2nd Building pillar Tailored roadmap
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3rd Building pillar implementation Flexible
directions
Changing behaviors requires a balanced
combination of regulation and quality education
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THANK YOU!

• ?Flore-anne.messy_at_oecd.org
• www.financial-education.org