CYFI News & Blog

Latest news and articles from Child & Youth Finance and the CYF Movement Network
Apr
22

Exploring New Frontiers in Youth Microfinance

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

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Apr
21

Jeroo Billimoria speaks about the power of Associations

CYFI’s Found and Executive Director, Jeroo Billimoria, joined Associations from across the globe to speak at the Associations World Congress in Berlin on April 11.

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Apr
21

The Promise of Youth Savings Groups

The long awaited report on the Youth Savings Group (YSG) Model from the Banking on Change (BOC) project has provided a valuable resource to the youth finance industry.

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Apr
21

CYFI Network Stars: Tumelo Sejo Boitumelo

This month, we are highlighting the efforts of Tumelo Sejo Boitumelo, a student at the University of Botswana who is active around financial literacy for young people in Botswana. Keep up the great work Sejo!

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Apr
18

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.

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Apr
18

Making Financial, Social and Entrepreneurship Education Stick in Southern Africa

South Africa has taken great strides forward in building the financial capability of its young generations through the StarSaver™ Programme. On April 7th and 8th, the South African Banking Association South Africa, together with the National Department of Basic Education and Aflatoun International, held a regional seminar to promote dialogue and strategies on how to align social education, financial literacy and entrepreneurship education in schools across the country while aligning this initiative with the targets of the Sustainable Development Goals (SDGs), Education 2030 and various National Development Plans (NDPs) in Southern Africa.

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Apr
15

Parents and Kids talk Money Matters in Canada

On April 20th, more than 4,000 schools and 600,000 students in Canada will take part in the nationwide Talk With Our Kids About Money Day (TWOKAM) program.

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Apr
15

Training and Experience sharing between Central and Eastern European partners

Within the framework of the project supported by Visegrad 4 Eastern Partnership Program of International Visegrad Fund, CYFI together with the National Youth and Children’s Palace (Georgia) hosted a three-day Training of Trainers on 13-15 April 2016 in Tbilisi, Georgia.

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Mar
15

Potential partnership opportunity for distribution of financial literacy materials!

Today, children and teenagers are exposed to financial informational noise in disproportionately larger volumes compared to just a few decades ago. The world is asking them to think quicker, learn quicker, make effective decisions on the go. Development of financial literacy is one of the main keys to obtaining vital life skills.

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Mar
15

Mobile Banking Is Calling for Youth!

Global Money Week allows us to shine a spotlight on the importance of financial inclusion for children and youth. The YouthSave consortium recently released a synthesis report on its large scale research experiment into formal savings among youth in the developing world. Youth take up an increasingly greater portion of the total population in the global South, but largely remain financially excluded. The report provides a much-needed evidence base to further the thinking on the benefits of providing youth with savings. However, many financial institutions will discover that setting up a savings product for youth in the developing world is extremely costly.

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Feb
19

“Children & Finance” project in Russia

A research has been conducted in Russia to access the level of financial knowledge among the country’s children and youth. This research was initiated by National Agency for Financial Studies (NAFI), under the project called ‘Children and Finance’.

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Feb
18

Mapping the Regional Landscape of Youth Bank Accounts in Central and Eastern Europe

CYFI are pleased to release the final version of the report “The Regional Financial Inclusion Landscape of Youth Bank Accounts: Selected country cases from Central and Eastern Europe”, written by Karina Avakyan, Bianca Isaincu and Floor Knoote.

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Feb
17

People's Postcode Lottery supports CYFI!

Child and Youth Finance Internatioal (CYFI) is delighted to announce that players of People’s Postcode Lottery have awarded an extra £1.425 million to long-term supported charities - CYFI is one of 57 charities that will receive the extra £25,000 award from players of the charity lottery.

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Feb
17

Launch of UpUp app – pocketing a pocket money solution!

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Feb
17

CYFI Network Stars: Jhose Adolfo Quinsocala Condori

CYFI are very lucky to have an active Network, and one of our youngest members of the CYFI Youth Network, Jhose Adolofo Quisocala Condori, is a great example of the role young people play in bringing about change!

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Feb
16

Financial Literacy Working Group and Curriculum Integration in Bulgaria

Over 40 institutions and organizations from all sectors of the public life – government, business, NGO, media, academia – have joined a Financial Literacy Working Group organized in Bulgaria in 2015.

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People's Postocde Lottery supports CYFI!

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Feb
12

Global Innovation Fund announces first investments of over £3million

On Tuesday 9th February, members of the CYFI Team joined the Global Innovation Fund in London for their launch event and announcement of its inaugural investees. At the launch, CYFI had the opportunity to view presentations and link with other organisations and institutions working to achieve social and financial inclusion for vulnerable communities, including children and youth, worldwide. The Fund has invested in a range of social enterprises: for-profit firms, non-profit organisations, researchers and government agencies working to improve the lives and opportunities of millions of people in the developing world.

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Feb
08

The 18th Microcredit Summit in Abu Dhabi - leading discussions on financial services for youth

Over the past 30 years, microfinance has emerged as an important tool to economically empower low income families, allowing household members, especially women, to access necessary financial resources to develop and sustain various enterprise ventures.

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Feb
08

Advancing Entrepreneurship Education in Europe

In an effort to provide European youth with a better opportunity to secure a sustainable livelihood, policy makers and youth serving organizations are working together to ensure that education systems allow for the adequate development of entrepreneurship competencies for young people in the region.

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