OECD Principles and Good Practices for Financial Education and Awareness

Subject Area Financial Regulation and Supervision
Issuing Body Organisation for Economic Co-operation and Development (OECD)
Date of Issuance 22 June 2005
Location

 http://www.oecd.org/finance/financial-education/35108560.pdf

Summary Description

These high-level principles and good practices provide international  guidance on ways to improve financial education and awareness.

Detailed Description The Principles and Good Practices provide solid, but flexible and non-mandatory guidance on strengthening and promoting financial education. The principles and good practices are addressed to governments and all relevant public and private institutions in OECD and non-OECD countries.
International Endorsement

Approved as an OECD Council Recommendation (34 member countries) and recognised by EU, IMF and World Bank.

 

Also reviewed by the International Network on Financial Education (INFE): 93 countries.

 

These principles are expected to be further reviewed by the INFE and OECD in 2011-2012.

International Application

The Principles are applicable to OECD and non-OECD countries and are used in the context of the International Network on Financial Education.

 
 

 

Assessment Methodology

 

Description The Principles and Good Practices have been used in evaluations of five countries seeking OECD membership.  Informal assessments are being conducted at the occasion of regional and international seminars on financial education organised in OECD and non-OECD countries.   These evaluations are being drawn upon to develop a methodology for the assessment of the implementation of the Principles and Good Practices..
Issuing Body OECD