Description: A Toolkit for the Evaluation of Financial Capability Programs in Low-, and Middle-Income Countries

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A Toolkit for the Evaluation of Financial Capability Programs in Low-, and Middle-Income Countries

When resources are scarce and social safety nets are weak, households' ability to manage income and assets wisely may be an important determinant of economic security. However, many open questions remain about how households in low and middle-...

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Bibliographic Details
Main Authors:	Yoong, Joanne, Mihaly, Kata, Bauhoff, Sebastian, Rabinovich, Lila, Hung, Angela
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO INFORMATION ADMINISTRATIVE DATA ADULT EDUCATION ADULT EDUCATION PROGRAMS ADVERTISEMENTS ALTERNATIVE INTERVENTIONS ALTERNATIVE PROGRAMS BANK ACCOUNT BANK ACCOUNTS BANK BRANCHES BANKERS ASSOCIATION BANKING ACCOUNTS BANKS BENEFICIARIES BORROWING BUSINESS SCHOOL BUSINESS TRAINING CAPABILITIES CAPABILITY CASH TRANSFER CASH TRANSFERS CLASSROOM INSTRUCTION COMPARISON GROUPS CONFIDENTIALITY CONSUMER CONSUMER BEHAVIOR CONSUMER FINANCE CONSUMER PROTECTION CONSUMER UNDERSTANDING CONTINGENCY CONTRIBUTION CONTRIBUTIONS CONTROL GROUPS COPYRIGHT COUNTERFACTUAL COUNTRY COMPARISONS CREDIT CARD CREDIT CARD USE CREDIT LINE CURRICULUM DATA ANALYSIS DATA COLLECTION DAY-TO-DAY OPERATIONS DEBIT CARD DEBT DEBT REPAYMENT DEBT-MANAGEMENT DECISION TREE DELIVERY MECHANISMS DELIVERY METHOD DESCRIPTIVE STATISTICS DEVELOPMENT BANK DROUGHT E-MAIL ECONOMIC DEVELOPMENT ECONOMIC SECURITY EDUCATION PROGRAM ELECTRONIC PAYMENT ENTERPRISE BUSINESS EVALUATION ACTIVITIES EVALUATION CAPACITY EVALUATION COSTS EVALUATION DESIGN EVALUATION METHODS EVALUATION RESULTS EVALUATORS FEDERAL RESERVE FINANCES FINANCIAL ACTIVITY FINANCIAL ADVICE FINANCIAL ASSISTANCE FINANCIAL BEHAVIOR FINANCIAL BEHAVIORS FINANCIAL COMPETENCIES FINANCIAL CONSUMERS FINANCIAL CURRICULUM FINANCIAL DECISION FINANCIAL DECISIONS FINANCIAL EDUCATION FINANCIAL EDUCATION IN SCHOOLS FINANCIAL EDUCATION OPPORTUNITIES FINANCIAL EDUCATION PROGRAMS FINANCIAL INFORMATION FINANCIAL INTERESTS FINANCIAL ISSUES FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LITERACY EDUCATION FINANCIAL LITERACY TRAINING FINANCIAL LIVES FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL PROFESSIONALS FINANCIAL RESOURCES FINANCIAL SECURITY FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SKILLS FINANCIAL SUPPORT FINANCIAL TERMS FINANCIAL TRAINING FINANCIAL TRAINING PROGRAM FORMAL EDUCATION GENERAL POPULATION GROUP OF USERS HIGH SCHOOL FINANCIAL EDUCATION HIGH SCHOOL STUDENTS HOMEOWNERSHIP HOMEOWNERSHIP EDUCATION HOUSEHOLD SAVINGS IMPACT EVALUATION IMPACT EVALUATION DESIGN IMPLEMENTATION PLAN INCOME INCOME LEVEL INCOME LEVELS INDEBTEDNESS INFORMATION FLOWS INNOVATION INNOVATIONS INSTRUMENTAL VARIABLES INSURANCE INTERVENTION INTERVENTIONS INVESTING LABOR FORCE LEARNING LICENSES LOAN LONG-TERM PLANNING LOW INCOME LOW INCOMES LOW-INCOME M&E ACTIVITIES MARKETING MARKETING CAMPAIGNS MASS MEDIA MATERIAL MONITORING DATA MORTGAGE NETWORKS NGO PARTICIPATORY APPROACH PAYMENT CARDS PENSION PENSION FUND PENSION SCHEME PERSONAL CIRCUMSTANCES PERSONAL FINANCE PERSONAL PREFERENCES PERSONALITY TRAITS PHOTOS PILOT PROJECTS PILOT TESTING PROGRAM BENEFICIARIES PROGRAM EFFECTS PROGRAM EVALUATION PROGRAM GOALS PROGRAM IMPACTS PROJECT MANAGEMENT PROPENSITY SCORE MATCHING PROTOCOL PROTOCOLS PUBLIC ECONOMICS PUBLIC SERVICE ANNOUNCEMENT QUALITATIVE ANALYSIS QUALITATIVE DATA COLLECTION METHODS QUALITATIVE RESEARCH QUANTITATIVE DATA COLLECTION METHODS QUANTITATIVE METHODS QUANTITATIVE RESEARCH QUERIES QUESTIONNAIRE RADIO RAPID GROWTH REGRESSION ANALYSIS REGULAR SAVING REPAYMENT RESERVE BANK RESOURCE ALLOCATION RESPONSIBILITIES RESULT RETIREMENT RETIREMENT PLAN RISK ASSESSMENT RISK MANAGEMENT SAFETY NETS SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BEHAVIOR SAVINGS PATTERNS SAVINGS PROGRAM SAVINGS RATES SELECTION BIAS SERVICE DELIVERY SOCIAL PROTECTION STAKEHOLDER STAKEHOLDERS STOCK MARKET SURVEY DESIGN TARGETING TELEPHONE TELEVISION TOTAL COSTS TRAINING COURSE TREATMENT EFFECTS TYPES OF COST USES VALUABLE VIDEO VIDEOS WELL-BEING WORKPLACE FINANCIAL EDUCATION WORTH YOUNG ADULTS YOUNG PEOPLE
Online Access:	http://documents.worldbank.org/curated/en/2013/01/18054632/toolkit-evaluation-financial-capability-programs-low-middle-income-countries http://hdl.handle.net/10986/16294

Description
Summary:	When resources are scarce and social safety nets are weak, households' ability to manage income and assets wisely may be an important determinant of economic security. However, many open questions remain about how households in low and middle-income countries gain and exercise financial capability, and the best ways for governments and the private and nonprofit sector to help increase this capability. With the exception of a small but important number of studies that have recently been completed or are currently under way, robust evidence regarding the efficacy of financial capability interventions is relatively sparse compared to the level of interest and programmatic activity. One reason for this is a lack of systematic evaluation. The toolkit draws from past experience and the experience of the Russia Financial Literacy and Education Trust Fund pilot projects to provide concrete and tangible examples for the reader that illustrate the specific circumstances and challenges in this field. This toolkit is designed for researchers who are interested in conducting an evaluation of a financial capability program and for policy makers and practitioners interested in commissioning an evaluation. It will also be useful to evaluation researchers who want to brush up on a research technique they are less familiar with or who are new to the area of financial capability and financial education, particularly in Low, and Middle-Income Countries (LMIC). This toolkit is intended to be a practical, hands-on guide to designing, conducting, and analyzing financial capability evaluations, with a focus on doing so in LMICs. The toolkit covers a wide range of material on how to design, conduct and analyze evaluations, material that is spread out over the 13 chapters that follow. The chapters are contained within four overarching parts: setting the stage for monitoring and evaluation (M&E): understanding the M&E process and concepts (chapters 2-3); conducting M&E for financial capability programs (chapters 4-7); collecting and analyzing M&E Data for Financial Capability Programs (chapters 8-10); and other Issues in conducting M&E for financial capability programs (chapters 11-14).