CYFI News & Blog

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

CYFI, CBK and KBA hold stakeholder workshop on financial education in Pristina

In collaboration with the Central Bank of Kosovo (CBK) and Kosovo Banking Association (KBA), Child & Youth Finance International (CYFI) organized a stakeholder workshop on the national approach to financial education in the capital Pristina on 22-23 November 2016.

The workshop was hosted and held by the initiative of the Central Bank of the Republic of Kosovo and became the first national-level event on financial education in the country. The workshop was aimed at increasing awareness on financial education among national stakeholders, the roles that different stakeholders and organizations from various sectors can play in promoting financial education in Kosovo, and at determining ways of cooperation between public, private and civil society institutions in this sphere.

The workshop covered various aspects that can assist countries in fostering the development of the nationally coordinated approach to financial education, stakeholders' management, integration of financial education in the school curriculum, piloting SchoolBank project, best practices examples of financial education programs for youth and adults and many more. Moreover, the workshop also featured sharing the experience by experts from Bank of Albania, one of the most successful institutions in the region in promoting financial education, as well as provided a platform for local government, private and civil society institutions to share their experiences in financial education in Kosovo so far.

At the end of the workshop CBK and other stakeholders expressed the readiness to form a national platform for financial education in Kosovo, and cooperate closely on developing new educational programmes and campaigns, including Global Money Week campaign 2017. The platform would have an objective to serve as a space to exchange best practices, experiences and streamline and coordinate financial education initiatives in the country.


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CYFI Network Star - Andrew Pavlovsky

This month's CYFI Network star is Andrew Pavlovsky, an inspiring young investigative journalist from Ukraine!

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CYFI joins Canadians in Celebrating Financial Literacy Month


November is Financial Literacy Month in Canada with activities for people of all ages happening across the country to promote financial responsibility and financial well-being. Each week has a dedicated theme related to budgeting, saving, living within your means and knowing your financial rights and responsibilities.

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3 events - 1 platform for young entrepreneurs!

CYFI initiative, Ye! community, has been busy working with young entrepreneurs all over the world! With events in Ukraine, Kenya, and India, the sky's the limit for the fastest growing online platform for young entrepreneurs!

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Successful culmination of Flagship Visegrad project – Experience exchange between Central and Eastern Europe

In October 2016 CYFI and its 9 project partners have successfully concluded the project, supported by the V4EaP Program of International Visegrad Fund, aimed at experience exchange between Central European (Visegrad) countries and Eastern European (Visegrad Partnership) countries in financial education strategies and programmes for young people.

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Empowering children and young people for a sustainable future - Aflatoun International Meeting 2016

Children make up half of the nearly 900 million people living below the global poverty line, according to UNICEF, and 124 million children and adolescents worldwide do not attend school.

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Economic citizenship and the global effort to reduce child poverty

Reducing child poverty remains an important challenge facing national governments and international organizations. Through our effort to enhance the financial capabilities of young people throughout the world, Child and Youth Finance International (CYFI) is proud to endorse the recent Practical Action publication The Global Child Poverty Challenge: In Search of Solutions, which tackles the root causes of child poverty while providing fresh insights on innovative solutions to enhancing the social and economic lives of young people.

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nimbl – the future of financial inclusion through fintech

In a recent survey of 6,000 parents in the UK, 7 in 10 agreed that their children do not understand the value of money in the way that they did when they were the same age. The survey, commissioned by nimbl, the prepaid MasterCard® debit card and smartphone app for children aged 8-18, found that 80% of parents believe that children spend money too easily. 2 in 3 parents also believe that the growth of digital money makes it harder for children to learn about spending.

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G20 High-level principles for digital financial inclusion have been endorsed!

Under the leadership of the Chinese G20 Presidency, the G20 Global Partnership for Financial Inclusion (GPFI) developed a new set of High-Level Principles (HLPs) that encourage governments to promote a digital approach to financial inclusion.

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CYFI conducts workshop on active learning methods in Moldova

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Workshop on active learning methods and product development workshop for child and youth friendly banking products in Azerbaijan

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KIESA, ICK and Ye! Join Hands in Boosting Young Entrepreneurs

On September 9, 2016 eight emerging young Kosovo entrepreneur stars pitched their business ideas to policy makers, angel investors, financial sector representatives and successful entrepreneurs during a high-level pitching event hosted by the Kosovo Investment and Enterprise Support Agency (KIESA). At the event, Mrina Godanca from “Architecture for Humans”, won the “Ye! Young Entrepreneur of the Year” Prize. The 2nd place goes to Mendim Avdyli (Sumthesun) and 3rd place to Lum Kryeziu (Spartments). The two entrepreneurs received interest-free loans provided by TEB Bank to further develop their business ideas.

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CYFI Network Stars: Tom Okot

This month's CYFI Network Star is Tom Okot, a young entrepreneur who has created positive social impact as part of his work around farming reform!

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Fiji releases their 2016-2020 National Financial Inclusion Strategic Plan

The Reserve Bank of Fiji and the country’s National Financial Inclusion Taskforce has unveiled their 2016-2020 National Financial Inclusion Strategic Plan. This plan is a follow-up to their first national strategy 2010-2014, wherein the country has been able to successfully integrate Financial Education (FinEd) into the national curriculum for primary and secondary students.

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Advancing Economic Citizenship for Youth alongside Trade and Development

Financial inclusion, financial capability and sustainable livelihoods are essential components of full economic citizenship, contributing to economic development within and between nations. CYFI works with key UN agencies, such as UNCTAD and UNCDF, to promote full economic citizenship for children and youth through government agencies, private enterprise and civil society.

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Economic Citizenship: A step towards the Sustainable Development Goals

Child and Youth Finance International (CYFI) has recently published a network brief with the aim to point out how Economic Citizenship for children and youth is crucial in reaching the Sustainable Development Goals (SDGs) and sub-targets by 2030.

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Workshop on youth empowerment at the Annual MFC Conference 2016

Child & Youth Finance International (CYFI) was once again leading the discussion on the youth segment at the annual conference of its strategic partner – at the 19th Microfinance Centre Conference that took place 23-24 June 2016 in Tirana, Albania.

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CYFI Network Stars: Sarmad Ali

An active youth member of CYFI's network, Sarmad Ali is young trainer, human rights activist, researcher, community leader, freelance and student from Bangladesh.

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CYFI consultation on guidelines for making payment products safer for children and youth

CYFI have developed a set of guidelines for Financial Service Providers on how to make their payment products safer for children and youth and wants to hear your opinion!

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CYFI collaborates on workshop on financial inclusion for young people in Ukraine

CYFI together with its project partner University of Banking and the National Bank of Ukraine held a seminar in Kyiv on July 8th on the role of public-private partnerships and the role of the private and civil society sectors in improving financial literacy and access to basic financial services for young people in Ukraine.

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