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involve children; making their experiences the focal point, as it increases their sense of ownership and confidence. Dr. Menno Pradhan, Professor, University of Amsterdam, in a study comparing Aflatoun and Honest Money Box, found that both programs succeed in increasing savings rate, risk aversion, and the drive to become financially independent. Dr. Michael Sherraden, Center for Social Development, Washington University, noted the positive relationship between savings and education could have important policy implications. In her analysis of South African projects, Ms. Alyna Wyatt, Senior Associate of Genesis Analytics, found that as financial knowledge and savings of youth increased, youth felt more empowered and they had positively changed their financial behavior.

Key outcomes • As the direct beneficiaries of these studies, children and youth should be involved in the design, collection and evaluation of research • There was a call to focus more on longitudinal studies, since many of the expected impacts are only realized in the long run • An important point voiced by the participants was a need for collaboration between research institutions to share knowledge and designs

Breakout Session 1.6

Innovations in Reaching Vulnerable Children and Youth This session reviewed best practices in reaching isolated and vulnerable children and youth. Particular attention is paid to non-financial services and assessing the partnerships to best address the financial and social needs of children and youth.

Chair

Ms. Mary Hagerty, Senior Vice-President, Operation Hope

Speakers -  Ms. Jennifer Denomy, Director, Youth and Financial Services, MEDA -

Ms. Philippa Frankl, Executive Director, Street Kids International UK

-  Ms. Marleen Hasselerharm, Programme Director, ICS – Investing in Children in Societies -  Mr. Mustafa Ozer, Project Coordinator, Habitat Center for Development and Governance (Youth for Habitat) Ms. Mary Hagerty, Senior Vice President, Operation Hope, acknowledged that there should be some consideration made when identifying the best methods for serving children and youth. Ms. Hagerty then went further to introduce the speakers. Ms. Jennifer Denomy, Director, Youth and Financial Services, MEDA, affirmed the need to serve youth as a future market through informal

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Children And Youth Reshaping The Future Of Finance

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...