Page 17

IDEAS LAB There are many great innovations across the world, so let us learn from them. This was the spirit behind the Ideas Lab sessions. They aimed to share innovations in financial education and financial inclusion for children and youth. Each breakout session focused on a key theme of the Child and Youth Finance Movement. The Ideas Lab was a PechaKucha based format where each speaker was given 5 minutes to present the initiatives of their respective organizations followed by a question and answer period. Subgroups then discussed the challenges and opportunities from different perspectives, ultimately agreeing on 4-5 key outcomes. These ideas were presented at the plenary session.

Breakout Session 1.1

National Strategies: Leadership by Central Banks and National Authorities The main objective of the session was to identify key implementation challenges faced by national platforms when introducing financial education and inclusion strategies. A further goal was to strengthen ties between national bodies, coordinate long-term commitments for youth-directed policies on financial education and inclusion. Chair

Mr. Raúl Hernández-Coss, General Director, National Banking and Securities Commission

of Mexico

Speakers -

Ms. Fe De La Cruz, Director, Central Bank of the Philippines

-

Mr. Matzaeni Aboe Amin, Senior Advisor, Directorate banking Research and Regulation, Bank

Indonesia -

Mr. Paul Nduka Eluhaiwe, Director, Development Finance Department, Central Bank of Nigeria

(CBN) -

Mr. Olaf Simonse, Project Manager, Ministry of Finance of the Netherlands

- Ms. Müge Tasci, Head of Financial Education and Promotion Group, Capital Markets Board of Turkey Mr. Raúl Hernández-Coss, General Director, National Banking and Securities Commission of Mexico (CNBV) opened the session stressing the importance of including financial inclusion in national agendas, and facilitating a multi-stakeholders approach when designing a national strategy. Ms. Fe De La Cruz, Director, Central Bank of the Philippines (BSP) described the financial education and savings program for children ‘Kiddie Account Program’ as a successful example of synergy between the public and private sector in developing successful inclusive strategies for youth. Mr. Matzaeni Aboe Amin, Senior Advisor, Directorate banking Research and Regulation, Bank Indonesia, shared figures and context from the Indonesian strategy for financial inclusion targeting children and youth, stressing that there was still a need to develop financial inclusion initiatives specifically for rural

Children And Youth Reshaping The Future Of Finance

17

2012 - The First Annual Child and Youth Finance International Summit & Awards Ceremony 2012  

The report provides an overiew of the sessions and outcomes of CYFI's first International Summit and Awards Ceremony held in Amsterdam from...

2012 - The First Annual Child and Youth Finance International Summit & Awards Ceremony 2012  

The report provides an overiew of the sessions and outcomes of CYFI's first International Summit and Awards Ceremony held in Amsterdam from...