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

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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...

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Bibliographic Details
Main Authors:	Lundberg, Mattias, Mulaj, Florentina
Language:	English en_US
Published:	World Bank, Washington, DC 2014
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 http://hdl.handle.net/10986/20085

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Summary:	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.