The OECD launched a public consultation on a recommendation on financial literacy and education

The OECD launched a public consultation, until 1 March 2019, on a draft recommendation on financial literacy and education aiming to assist governments and other public authorities in the design, implementation and evaluation of financial education policies.

This document includes principles and recommendations grouped under three key pillars:

  • The design and implementation of national strategies for financial education;

  • Financial education programmes in specific areas, such as saving, investment, pensions, credit and insurance;

  • The effective delivery of financial education programmes.

The draft recommendation was prepared by the OECD International Network on Financial Education (INFE), through the standards, implementation and evaluation working group, which Banco de Portugal takes part in.

It draws on existing OECD Recommendations on financial education and other policy instruments developed at the OECD for the G20 and APEC (Asia-Pacific Economic Cooperation).

 

Public consultation procedure

The draft recommendation on financial literacy and education is available here for consultation.

Comments must be submitted by email by 1 March 2019 to [email protected].

 

About INFE

The International Network on Financial Education was created in 2008 by the Organisation for Economic Co-operation and Development (OECD) to promote financial education principles and good practices.

INFE serves as a platform to collect data on financial literacy, develop analytical and comparative reports, research, and develop policy instruments. Regulators, central banks, finance ministries and financial education agencies from both OECD member and non-member countries are members of this network.

Banco de Portugal is a founding member of INFE and is part of the Advisory Board, the body that sets strategic guidelines, and is also in several of its specialised working groups.

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