Improving financial capability is a global issue
The need for financial education and literacy is now universally recognised and is a core component of financial empowerment for individuals and the stability of the financial system, according to the Organisation for Economic Cooperation and Development (OECD).
The OECD also highlights the importance of developing national strategies on financial education,
particularly for young people and vulnerable groups, as the digitalisation of finance bring new
opportunities and challenges to consumers.
In 2016, the leaders of the G20 endorsed the National Strategies for Financial Education, developed by the OECD and International Gateway for Financial Education. In response, the vast majority of G20 countries have a national strategy in place to tackle these issues.
Countries where a first strategy is being revised or a second national strategy is being implemented
Countries where a (first) national strategy is being implemented
Countries where a national strategy is being actively designed
Countries where a national strategy is being planned
FYR Macedoniaopens in new window