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341

African Union Commission (AUC) to Recommend Child and Youth Friendly Financial Policies

The 1st African Union Commission (AUC) Specialized Technical Committee Meeting on Youth, Culture and Sport was held in Addis Ababa, Ethiopia from October 27 to November 1, 2014. Akwasi Osei, Child & Youth Finance International’s Regional Adviser for Africa spoke at a youth-focused breakout session where he presented a case for integrated African policy for financial education and financial inclusion for children and youth. a1sx2_AUC Delegates_Africa-Union.jpgThe AUC adopted 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.

Ethiopian Airlines (ET) - Official Carrier for CYFI's 3rd Regional Meeting for Africa

Child & Youth Finance International (CYFI) is please to recognize Ethiopian Airlines (ET) as the Official Carrier for 3rd CYFI Regional Meeting for Africa, to be held at African Union Conference Center from December 04 - 05, 2014 in Addis Ababa, Ethiopia.

As part of this collaboration between CYFI and Ethiopian Airlines, ET is offering a 12% discount on Business class and 10% discount on Economy class fares for delegates traveling from its Africa and Europe online cities to Addis Ababa with Ethiopian Airlines.

Delegates are invited to make travel arrangements to the event by contacting local Ethiopian Airlines sales office. To find out your nearest ET office, please email Ahmed Abdulhadi at This email address is being protected from spambots. You need JavaScript enabled to view it. with your departure city.

Kindly take note of the following sales and travel conditions for the event:

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  • Delegates may purchase their flight ticket until Thursday, December 04, 2014.
  • Delegates are expected/ allowed to travel to Addis Ababa from Friday, November 21 up to December 05, 2014.
  • Delegates are allowed to return to their original destination or travel to their intended destination from Thursday, December 04 up to 18, 2014.
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410

Child & Youth Finance International (CYFI) is proud to announce the signing of a Memorandum of Understanding (MoU) with the Organisation for Economic Co-operation and Development (OECD) on October 22, 2014. The MoU is sure to strengthen the relationship which CYFI and OECD have enjoyed since the Child and Youth Finance (CYF) Movement’s launch in 2012. This formal agreement is set to boost the Movement’s promotion of children and youth’s financial education, financial inclusion and the protection of their rights at a national, regional and international level.

MoU will Strengthen Existing Collaboration

We welcome the signing of the MoU as a major step in CYFI’s and OECD’s excellent relationship. We look forward to strengthening this collaboration within this enhanced framework with a view to promoting young people’s financial wellbeing.

Mr André Laboul – Head, Financial Affairs Division, Directorate for Financial and Enterprise Affairs, OECD

The OECD and CYFI have closely worked together in recent years with the OECD serving as a co-chair of the CYFI Education Working Group, providing technical expertize and input to CYFI’s Education Manual and Education Learning Framework and guiding the strategic direction of the CYF Movement in their position as observer in the CYFI Supervisory Board.

Since 2003 the OECD has been an international leader in the field of financial education. In 2008 the OECD established the International Network on Financial Education (INFE) to bring together high-level public officials from OECD Members and non-Members to discuss financial education issues, develop data and relevant policy instruments, and conduct analysis. CYFI is proud to collaborate as a key partner with the INFE, by promoting a child and youth focus in line with the goal of the CYF Movement in 2015, and beyond!

The highlights of the collaboration between CYFI and the OECD are as follows:

  • OECD as a key partner in Global Money Week activities;
  • Exchange of advice and expertize in the development of analytical reports and surveys, as well as on the organization and hosting of regional and international meetings on the topic of financial education and inclusion;
  • Sharing of child and youth focused financial education, inclusion and consumer protection research, resources and good practices.

Great News for the CYF Movement!

We are excited to collaborate more closely with the OECD and are positive that this partnership will do great things for the efforts of the Child and Youth Finance Movement!

Jeroo Billimoria, Managing Director, Child& Youth Finance International

The CYF Movement will greatly benefit from the formalization of CYFI’s collaboration with the OECD: we look forward to this relationship translating into the implementation of child and youth centered financial education and financial inclusion policies at both the national and international level.

Special thanks from CYFI Secretariat staff goes to our friends and long-time supporters of the Movement: Mr André Laboul – Head, Financial Affairs Division, Directorate for Financial and Enterprise Affairs, OECD; Flore-Anne Messy – Deputy Head, Financial Affairs Division, Directorate for Financial and Enterprise Affairs, OECD, and Executive Secretary INFE; and, their amazing team!

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Tagged in: CYF Movement MoU OECD
326
CYFI has taken on the Skoll Social Entrepreneurs Challenge, and we want you to join us! The Skoll Challenge is a fundraising competition for social entrepreneurship. All money raised on behalf of CYFI in the challenge will help CYFI to improve the knowledge, skills, opportunities and resources for young leaders. Check out CYFI’s Challenge Profile to learn more about it! a1sx2_Empower Children and Youth - Donate Today_Empower-Children-and-Youth---Donate-Today.jpg

All youth are encouraged to join the challenge – everyone else is encouraged to support young fundraisers and donate today!

The top young fundraiser (8 – 25 years old) will have the opportunity to win a trip to our upcoming International Youth Meeting in June 2015! The fundraising minimum for this challenge is $800. We encourage you to ask your friends, family and local community to donate to the cause.

The Challenge started on October 27th and lasts until December 5th. If you are interested you can email This email address is being protected from spambots. You need JavaScript enabled to view it.">Kimberley DeRose for help setting up your profile to join the challenge. You may also download the Toolkit here

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263

Child and Youth Finance International (CYFI) is excited to announce the launch of a new service called the CYFI Network Response Program (CNRP), a matching service geared towards connecting organizations seeking technical assistance in developing national strategies, financial services or education programs for young people, with CYFI-approved consultants who have the necessary skills and expertise.

Calling all Consultants

We are putting out a call for experienced consultants who want to be part of the CNRP network. As a CNRP associate, CYFI will recommend your services to organizations such as national financial authorities, Ministries of Education or private sector financial service providers, who can make use of your skills. For more details you can download this short 2-pager. If you are interested in joining the CNRP, please fill out your details and upload your CV by Friday, Nov 21 via this form. Please also forward the form to any consultants in your network that you think would be interested.

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Tagged in: CNRP Consultants CYFI
228

CYFI Youth Committee member Mahir Jethanandani from USA has recently had his book, The Immaculate Investor, published on Amazon!

a1sx2_The Immaculate Investor by Mahir Jethanandani_The-Immaculate-Investor.jpg

The Immaculate Investor

The Immaculate Investor delves into the world of finance, economics, and investing for the sole purpose of demystifying how the money around us functions, operates, and works. Bunking the myth of taxes, loans, and retirement being difficult processes and concepts to understand, The Immaculate Investor lays down the solid foundation of what every student, adult, and financially aware person should know. The Immaculate Investor was written in the eyes of a sixteen-year-old, whose desire was to accumulate the knowledge he learned over the course of nine years, from the opening of his first bank account, and what he sought to underline as the necessities and concepts needed to understand the world of finance and money.

Way to go Mahir!

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105

On 6 November, three very talented CYFI Interns were asked to express their opinions as the "views of young adults" at the 2nd OECD/GFLEC Global Policy Research Symposium to Advance Financial Literacy in Paris, France. The three expressed their opinions during a session that focused on the gaps in students' financial literacy.

Consulting Youth

Here is what they had to say about their experience:

a1sx2_CYFI Interns at OECD Symposium_CYFI-Interns-at-OECD-Symposium.jpg

Shaireen Moon (Pakistan) - The OECD Conference was truly an enlightening experience, it was wonderful to see all of the attendees so interested in what we, as the youth, had to say – many people came up to us in person and spoke to us about what we felt were ideal practices in term of financial education!

Thomas Van Vynckt (Belgium) - I am proud of having been part of the first ever group of students to have been invited to speak at an OECD conference. Being asked about my opinion by experts and professionals on what the necessary tools and steps are to improve financial inclusion was incredibly motivating.

Priyanth Pathmarajah (Netherlands) - I enjoyed the conference very much. It was a very educational experience and it was nice and inspiring to see how the high level people approached us after our session to ask us about our opinions. It is a pretty amazing feeling to be one of the first students who spoke to the audience during an OECD meeting and I hope that in the future there will be more and more input of students during these kinds of meetings.

CYFI is very proud of the great job that they did and of the wonderful contribution they are making to the Movement!

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83

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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380

Youth included in strengthening entrepreneurship education in Europe, while JADE and Microsoft renew their Education Transformation Agreement.

On November 4th, Thomas Van Vynckt and Philip Harris from CYFI’s Innovations team took part in the Generations Club organized by JADE (the European Confederation of Junior Enterprises) in Brussels, supported by Microsoft. The meeting’s theme centered on asking the youth participants how entrepreneurship education can be expanded, strengthened and encouraged, with the main objective being to find sustainable ways to raise a generation of leaders. As an outcome of the meeting JADE and Microsoft renewed their Education Transformation Agreement to work together against ever-increasing challenges, and opportunities in entrepreneurship education. A take-away from the meeting was that if entrepreneurship education is to tangibly boost young enterprises then it needs to be taught both in and out of the classroom, and support should be encouraged not only by educators but by policy-makers and parents too.

JADE and Microsoft renew Education Transformation Agreement Youth representatives discuss entrepreneurship education in Europe

Innovation Department youth representatives on their way to discuss entrepreneurship education

Young Leaders

Thomas and Philip were 2 of the young representatives who were chosen to speak on behalf of young entrepreneurs in Europe. With meeting attendees ranging from Microsoft, Ernst & Young and members of the European Parliament, the meeting set an example of how the private sector and policy-makers can empower youthby giving them the opportunity to hold leadership roles.

If you believe in the youth’s ability to lead a new generation of sustainably-minded, passionate and driven young entrepreneurs then donate to Child & Youth Finance International today and support the #youngleaders of tomorrow!


Images courtesy of Thomas Van Vyck and JADE
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111
Egyptian Banking Institute (EBI) has recently launched a series of radio talk shows on financial literacy awareness and education. The radio series is part EBI's financial inclusion initiative called "Shaping the Future." In addition, on October 28, in partnership with GIZ, EBI held a training workshop for the members of the "National Committee for Drafting Financial Literacy Strategy in Egypt". The workshop brought together international experts to discuss the current state of financial education in Egypt and to enhance the skills of the committee members in their development of a national financial education strategy which is in line with international best practices.
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126

On October 12-13, the Baizat team ran a series of “My Money Skills” workshops with young women (aged 12-18) from Sajaya Girls Centers in Sharjah and Kalba. The workshop was initially developed by Visa and the Emirates Foundation. In each course, 25 young ladies participated in personal finance lectures and activities which covered topics such as budgeting, decision making and banking services. The final part of the course involved a field trip to a financial institution or a local supermarket, in order to teach the young women about the basics of decision making and the major areas of personal finance that young individuals will encounter both today and tomorrow, such as budgeting, banking services and the costs of living alone.

a1sx2_Baizat My Money Skills Workshop with young women_Baizat-My-Money-Skills-Workshop.jpg
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1220

YE! Launch Event

Date: 15:30~18:00 (CET), Dec 10th
Location: Amsterdam

Child and Youth Finance International (CYFI) is launching Young Entrepreneurs (YE!) on December 10th during an exciting launch event in Amsterdam, the Netherlands. CYFI cordially invites key stakeholders of CYFI in the Netherlands as well as interested investors of YE! to the event.

As part of the event, CYFI will select 10 promising young entrepreneurs from the global YE! community and invite them to pitch their business to our esteemed guests. Interested investors will have the opportunity to speak with the entrepreneurs about potential investment opportunities at sessions that follow the event.

Info for Eligible Entrepreneurs

If you are a young innovator, with a starting business with large growth potential, we invite you to apply for the pitching session at the YE! launch event. Here you’ll be pitching to potential investors that might help you take your business to the next step.

Criteria

To be eligible for the pitching session, you will need to meet the following criteria:

  • Your business must be legally incorporated
  • Your business must provide an innovative solution to a problem
  • You have a scalable business and you are able to demonstrate clearly your revenue model
  • Your business has a proven track record
  • You are ready for investment and have an investment need of EUR 10,000 to EUE 500,000

Application process

  1. Email This email address is being protected from spambots. You need JavaScript enabled to view it. expressing your interest including a link to your company website and your CV;
  2. Fill in the questionnaire we will send you;
  3. If you’re shortlisted, we will invite you to send us additional documents:
    • Copy of the Certificate of Incorporation
    • Business plan (we will treat confidentially)
    • Financial statements (income statement and cash flow statement)
  4. We set up a one or multiple call with you;
  5. If selected, you’ll receive confirmation and will be linked to a coach to prepare your pitch
  6. You’ll be invited to practice your pitch on the 10th and to pitch your business the same day!

About YE!

YE! supports young entrepreneurs between the ages of 16 and 30 around the world. YE! connects young entrepreneurs and links them to various tools, resources and opportunities to support the growth of their enterprises. It uses a hybrid of online and offline approaches to support young entrepreneurs. The YE! online entrepreneurship platform provides an online community, blog, library, coaching and funding opportunities to young entrepreneurs. In addition, YE! works with organizations to organize various offline activities – competitions, meetings, trainings etc. – to support entrepreneurs locally.

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2013

On October 11 Child and Youth Finance International (CYFI) celebrated the International Day of the Girl Child, an annual event instated by the UN in 2011 to recognize girls’ rights and the unique challenges girls face around the world. This year, the theme was “Empowering Adolescent Girls: Ending the Cycle of Violence,” and focused on bringing attention to the challenges and difficulties faced by adolescent girls throughout the world on a daily basis.

Basic necessities, which many of us take for granted, are merely an aspiration for a large number of adolescent girls around the world who suffer from lack of education, poverty, malnutrition and abuse, to name a few. While much is being done to address these problems related to basic needs, a further step must be taken in order to secure a brighter future—financial inclusion. It is therefore imperative for adolescent girls around the world to have easy, safe and reliable access to Child and Youth Friendly financial services.

Inclusion and Education Vital For Empowering Young Girls

Financial inclusion and Economic Citizenship Education are important and necessary components of empowering girls, providing them with the resources and self-confidence they need toEducation leads to empowerment create a sustainable future for themselves and their households. To mark the International Day of Rural Women (October 14, 2014), UN Women's Executive Director, Ms. Phumizle Mlambo-Ngcuka, published an article arguing that not having sufficient knowledge, and therefore not being empowered to claim their rights to equality in land and resource ownership, was one of the main setbacks keeping rural women economically, socially and politically excluded. Economically empowering these young women, particularly in rural settings, is essential for not only their own socio-economic benefit, but also for the larger scale benefit of the international economy as it will create a more well informed and financially capable global economic citizenry

The celebration of the International Day of the Girl Child and the International Day of Rural Women is significant as we strive towards eradicating the many difficulties that girls and young women face throughout the world on a daily basis. On this note, CYFI believes strongly that it is important that young women are supported in their effort to overcome these barriers and create opportunities, not only for themselves, but for other young girls and boys around the world as well. Our partner Plan International runs the inspirational Because I am a Girl campaign which promotes equality in education and vocational training: Raise your hand if you believe that every girl has the right to education here.

Malala: A Young Girl Championing Equality in Education

Malala Yousafzai is a remarkable example of a young girl who is striving to create a better future for children and youth around the world by dedicating time and effort into promoting the rights of girls to education. After surviving a shot to the head by a Taliban gunman in 2012 for blogging and campaigning for girls’ education in northern Pakistan, she has now become an international spokesperson for the equal rights of children to education in all parts of the world. CYFI was pleased to see Malala win the Nobel Peace Prize last week along with Kailash Satyarthi, a children’s rights campaigner from India who founded the Bachpan Bacho Andolan in 1980. Malala’s dedication to fighting for education and Satyarthi’s dedication to fighting against child slavery and labor exploitation are commendable, and CYFI joins in the recognition and celebration of these admirable efforts on the International Day of the Girl Child.

It is also worth noting that the shared win of the Nobel Peace Prize by a Pakistani and an Indian, while their respective nations are engaged in an ongoing border dispute, serves to highlight the fact that, despite odds and opposition, progress can be made for the cause of peace alongside that of equal rights to education and financial capability for children and youth. The efforts of such individuals, and the organizations which support them, prove that it is possible and necessary to ensure that all children and youth, particularly adolescent girls, receive quality education and are given opportunities to create a sustainable and secure future for themselves and their communities.

 


This article is authored by Shaireen Moon - CYFI Intern

Originally, from Pakistan but now living in the USA, Shaireen recently graduated from University of California Berkeley and has decided to take some time off from studying to explore her interest in international development. Shaireen is currently interning at CYFI in the research department where she aims to gain more knowledge about economic citizenship for children and youth and the difficulties that are encountered in this industry.

Image courtesy of StockImages at FreeDigitalPhotos.net

 

 

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859

The World Economic Forum (WEF) hosted the Special Meeting on Unlocking Resources for Regional Development in Istanbul on September 28-29th, 2014. The location was chosen strategically - Turkey is not only at the intersection of 3 global regions (Eurasia, Middle East, and North Africa) which are all undergoing rapid transformations, but it will also assume the Presidency of the G-20 in December 2014. The Special Meeting took these opportunities as a way of creating discussion between stakeholders on the pathway for global economic growth, to shape (inter)national agendas, and to give them a chance to build relations and agreements on these topics.

WEF’s Special Meeting was structured on 4 cornerstones

  1. The Future of the Region and Turkey’s Forthcoming G20 Presidency
  2. Shifting Energy Dynamics across the Region
  3. Building Entrepreneurial and Inclusive Economies
  4. Infrastructure as a Platform for Physical and Digital Growth

Out of these discussions arose new and better ways to use capital, ideas and labor through wide-ranging and pioneering partnerships. In this regard, children and youth were recognized as needing to be empowered as stakeholders, as they are the future economic actors who will shape tomorrow's global economic policies and landscape.

Innovative Inclusion

Child and Youth Finance International (CYFI) was present with 2 spokespersons highlighting the interests of children and youth of the world. Managing Director, Jeroo Billimoria spoke during the 2014-10-08_WEF-Istanbul-Turkey_JB-and-PH-copy.jpgTackling Inequality session, and Innovations Coordinator Philip Harris was a facilitator during a session on Collaborative Innovation: Transforming Business, Driving Growth.

As representatives of CYFI they engaged in discussions with various private and public stakeholders, some of whom attended CYFI’s Annual Summit in Istanbul in May last year, earning support and commitment towards ensuring that children and youth are actively included in decision-making roles in setting economic and political agendas in the region.

The Special Meeting on Unlocking Resources for Regional Development, was an opportunity for leaders from Europe, MENA and Euroasia to collectively use their creativity and experience to develop innovative and sustainable proposals to unlock regional resources for development. CYFI suggests that there is no better way to ensure innovation than by including children and youth's creative energy in these decision making processes.

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2303

Currently 12.6% of youth around the world are unemployed. At the rampant rate that unemployment is growing, 600 million jobs need to be created over the next 10 years to support the number of youth who are entering the workforce daily. Youth unemployment is not only detrimental to the national economy but to the youth themselves by affecting their sense of dignity and self-confidence by limiting their contribution to and full participation in their community.

Micro finance, big opportunities

The microfinance industry is responding to this urgent crisis by developing innovative ways to extend integrated microfinance services (savings, loans and cash transfers) and non-financial services (financial literacy, health education, business training) to the youth in an attractive and cost-effective manner. Microfinance providers are hoping to directly address the crisis of youth unemployment through the youth themselves - by boosting youth-led business creation and enabling self-employment.

Institutions such as Uganda Finance Trust and the Bank of Katmandu, part of the YouthStart and YouthSave Consortium respectively, along with Banco Adopen in the Domincan Republic and Fonkoze in Haiti, have each introduced youth savings products that have enjoyed encouraging results and provided evidence on the elusive business case for youth financial services.

The recent Microcredit Summit was held in Mexico on September 3-5 and was attended by individuals and institutions eager to share how they were expanding the reach of appropriate and affordable financial services to millions of households living in poverty. Microfinance has taken various forms throughout the world and remains an important tool for economic development and community well-being - providing the financial means to stimulate the enterprise growth that brings much needed income and employment for individuals from all regions and backgrounds.

The Microcredit Summit Campaign (MCS) (@MicroCredSummit) has set the ambitious goal of reaching 100 million poor households with microcredit services by the end of the 2015. Recently they have made a joint commitment with Child and Youth Finance International (CYFI) to ensure that 10 million children and youth are reached by appropriate financial services by the end of 2015. MCS and CYFI’s joint commitment takes advantage of the combined momentum of the 2 international campaigns to maximize outreach to young clients through the microfinance industry. For the full outcomes of the 17th Microcredit Summit, and to see how they relate to youth financial services visit MCS’s blog 100 Million Ideas.

Youth Opportunities and Innovation Calendar:

a1sx2_Youth Economic Oppurtunities Summit 2014_Youth-Economic-Oppurtunities-2014.jpgInnovations in youth microfinance were in the spotlight this week during the Youth Economic Opportunities Conference (#YouthEO) in Washington DC. CYFI engaged with other practitioners during an action packed agenda with sessions on scaling up youth savings products, how microfinance can break down barriers for youth entrepreneurs and how microfinance providers can best utilize new technologies to reach a wider range of youth clients.

 

 

European Microfinance Platform's Youth Action Group for Financial Inclusion has issues a call for case studiesThe European Microfinance Platform (@e_MFP) has invited CYFI to play a leading role in their Youth Action Group for Financial Inclusion. This Action Group has recently released a call for case studies on how microfinance institutions have been able to achieve scale and sustainability through integrated financial and non-financial services for youth. These cases will form the basis of a new publication that will build on the lessons learned from the Action Group’s 2012 Publication and will provide the microfinance industry with a valuable resource for youth product development and stakeholder engagement.

 

 

CYFI is pleased to stand along with its many partners and stakeholders, such as MCS, Making Cents International and the eMFP, who are working hard to advance best practices in microfinance for youth clients. We strongly believe that microfinance institutions have a key role to play in allowing the Child and Youth Finance Movement to achieve its ambitious goals for youth financial inclusion and we fully stand behind our commitments to this important industry.

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2661

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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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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2573

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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Rate this blog entry:
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332

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

Continue reading
Rate this blog entry:
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1218

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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Free mentoring for young start-ups!

Are you a young entrepreneur with a business which you would like to develop or scale up? Are you looking for a free coaching service? Just sign yourself up at www.youth-co.com and you can get linked with an experienced coach!

This service is part of the new Youth-Co program from Child and Youth Finance International, supporting young entrepreneurs worldwide. Youth-Co aims to be a global online platform where young entrepreneurs aged 16 to 30 can find information, an online community to meet and connect with other young entrepreneurs, free coaching and a link to potential investors. These features will appear soon, with the objective of reaching over 10 million youth worldwide by 2020!

If you would like more information or if you would like to take part in the project as a partner , please contact us via This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

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Join 2015 Global Money Week !

2014 Global Money Week was celebrated by more than 3 million young people in 118 countries.