Enhancing Financial Capability and Behavior in Low- and Middle-Income Countries

The Russia Trust Fund for Financial Literacy and Education was set up to support the advancement of financial literacy and capability in low- and middle-income countries. Established in 2008 with funding provided by the Ministry of Finance of the Russian Federation, the Trust Fund enabled the World Bank and the Organisation for Economic Co-operation and Development (OECD) to conduct methodological, analytical, and policy work on financial literacy, capability, and education. The program has supported work on the definition and measurement of financial capability, methods, and tools to understand the impact of financial capability programs; and field research on interventions designed to enhance financial capability. This volume presents the results of pilot projects financed by the Trust Fund. These include some truly pioneering research into new areas for financial capacity building, including the use of diaries to increase financial awareness, innovative methods for information provision, and new ways to deliver messages that encourage safer financial behavior, such as feature films, TV soap operas, and comic books. These methods open financial literacy to a much broader audience, and with potentially greater impact, than has been achieved through more conventional means.

Bibliographic Details

Main Authors:	Lundberg, Mattias, Mulaj, Florentina
Language:	English en_US
Published:	World Bank, Washington, DC 2014-01
Subjects:	ABILITY OF CONSUMERS, ACCOUNTING, ADMINISTRATIVE DATA, ADVERTISEMENTS, AMOUNT OF SAVINGS, ANNUAL PERCENTAGE RATE, APPROVAL RATE, APR, ASSET CLASS, ATM, BANK CREDIT, BANK CUSTOMERS, BANKING ACCOUNTS, BANKING SERVICES, BANKS, BARRIERS TO ENTRY, BEHAVIORAL ECONOMICS, BENEFICIARIES, BIASES, BORROWING, BUDGETING, BUDGETING SKILLS, BUSINESS FINANCE, BUSINESS NETWORK, BUSINESS SCHOOL, BUSINESS TRAINING, CAPACITY BUILDING, CAPITAL MARKETS, CASH MANAGEMENT, CASH PAYMENTS, CASH TRANSFER, CASH TRANSFERS, CHECKS, CLASSROOM TRAINING, COLLEGE FUND, COMMODITIES, CONSUMER, CONSUMER CREDIT, CONSUMER DEBT, CONSUMER EDUCATION, CONSUMER FINANCE, CONSUMER PROTECTION, CONSUMER PROTECTION MEASURES, CONSUMERS, CONTRIBUTION, CONTRIBUTIONS, COST OF CREDIT, CREDIT ASSOCIATION, CREDIT CARD, CREDIT CARD BALANCE, CREDIT CARD DEBT, CREDIT CARDS, CREDIT COOPERATIVE, CREDIT COUNSELING, CREDIT HISTORY, CREDIT PRODUCTS, CREDIT REPORTS, CURRICULA, CURRICULUM, DEBT MANAGEMENT, DECISION TREES, DELIVERY MECHANISM, DELIVERY MECHANISMS, DIRECT DEPOSIT, DISABILITY, DISCLOSURE OF INFORMATION, DIVERSIFICATION, DOMESTIC VIOLENCE, DROUGHT, ECONOMIC DECISION, EDUCATION LEVEL, EDUCATION PROGRAMS, EDUCATION TRUST, EDUCATIONAL MATERIAL, ENROLLMENT, ENROLLMENTS, EXCHANGE COMMISSION, EXPENDITURE, EXPENDITURES, FAMILIES, FARMERS, FINANCES, FINANCIAL ACCESS, FINANCIAL ADVICE, FINANCIAL ARRANGEMENTS, FINANCIAL BEHAVIOR, FINANCIAL CAPACITY, FINANCIAL CONSUMER, FINANCIAL CRISIS, FINANCIAL DECISIONS, FINANCIAL DEVELOPMENT, FINANCIAL EDUCATION, FINANCIAL EDUCATION IN SCHOOLS, FINANCIAL EDUCATION INFORMATION, FINANCIAL EDUCATION INITIATIVES, FINANCIAL EDUCATION MATERIAL, FINANCIAL EDUCATION PROGRAM, FINANCIAL EDUCATION PROGRAMS, FINANCIAL EDUCATION WORKSHOP, FINANCIAL INCENTIVES, FINANCIAL INSTITUTIONS, FINANCIAL KNOWLEDGE, FINANCIAL LITERACY, FINANCIAL LITERACY MATERIALS, FINANCIAL LITERACY PROGRAMS, FINANCIAL LITERACY TRAINING, FINANCIAL LIVES, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCIAL MATERIALS, FINANCIAL MATTERS, FINANCIAL PRODUCT, FINANCIAL PRODUCTS, FINANCIAL SECURITY, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL SERVICES AUTHORITY, FINANCIAL SYSTEMS, FINANCIAL TRANSACTIONS, FORMAL BANKING, FORMAL EDUCATION, FORMAL SAVINGS, GENDER, GENERAL POPULATION, HIGH INTEREST RATE, HIGH INTEREST RATES, HIGH SCHOOL FINANCIAL EDUCATION, HIGH SCHOOL STUDENTS, HOUSEHOLD FINANCE, HOUSEHOLD INVESTMENT, HOUSEHOLD SAVINGS, HOUSEHOLDS, INCENTIVE PROGRAM, INCOME, INCOME LEVELS, INCOMES, INFORMAL INSURANCE, INSURANCE, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, JOB LOSS, KEY CHALLENGE, LIFE SKILL, LOAN, LOAN BEHAVIOR, LOAN CHARACTERISTICS, LONG-TERM PLANNING, LOW-INCOME, LOW-INCOME CONSUMERS, MAJOR LIFE EVENTS, MARKETING, MARKETING CAMPAIGN, MARKETING CAMPAIGNS, MASS MEDIA, MEDIA CAMPAIGN, MEDIA CAMPAIGNS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MIGRANT WORKERS, NUTRITION, PENSION, PENSION PLANS, PENSION SCHEMES, PENSIONS, PERSONAL FINANCE, PRECAUTIONARY SAVINGS, PRINT MEDIA, PSYCHOLOGICAL BARRIERS, PUBLIC GOOD, PUBLIC POLICY, PUBLIC SERVICE ANNOUNCEMENTS, QUESTIONNAIRES, REMITTANCE, REMITTANCES, REPAYMENT, RETIREMENT, RETIREMENT PLAN, RETIREMENT PLANNING, RETIREMENT SAVINGS, RETURN ON SAVINGS, RISK AVERSION, SAVINGS, SAVINGS ACCOUNT, SAVINGS ACCOUNTS, SAVINGS BEHAVIOR, SAVINGS PLAN, SAVINGS PRODUCTS, SAVINGS RATES, SECURITIES, SMALL BUSINESS, SMALL BUSINESS OWNERS, SMALL SCALE INDUSTRIES, SMALL-SCALE INDUSTRIES, SMALLHOLDER, SMALLHOLDER FARMERS, SOCIAL NETWORK, SOCIAL NETWORKS, SOCIAL PROTECTION, SOUND FINANCIAL DECISIONS, STAKEHOLDERS, STOCK MARKET, SUPPORT GROUP, TAKE-UP RATE, TAKE-UP RATES, TELEPHONE COUNSELING, TRAINING COURSE, TRAINING PROGRAM, TRANSACTION, UNEMPLOYMENT, UNSTABLE INCOMES, VALUABLE, VILLAGES, VOUCHERS, WAGE, WAGES,
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19770351/enhancing-financial-capability-behavior-low--middle-income-countries https://hdl.handle.net/10986/20085
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