Citi-FT Financial Education Summit

Since 2007, the Pearson Foundation has been a proud sponsor of the Citi-FT Financial Education Summit. Organized by the Citi Foundation, the Pearson Foundation, and the Financial Times, this international gathering gives community leaders from around the world the opportunity to discuss how to boost financial literacy levels by tailoring financial education programs to meet the needs of local communities.

Each year, participants take part in forums and work groups in which they identify and share best practices in content development and delivery. They also explore effective multi-sector partnerships among governments, educational establishments, the private sector and non-profit organizations.

This past year’s summit, Moving Financial Capability Forward: Innovation, Scale and Impact, was held in early December in Harbour Grand, Hong Kong and marked the 10th anniversary of the forum. The summit highlighted the progress made over the past 10 years and explored what still needs to be done in both developed and emerging economies to address the financial education gap.

At the summit, representatives of non-profit organizations, financial institutions, government agencies/regulators, multilateral institutions, microfinance institutions, consumer advocacy groups, educational organizations and private business leaders gathered to:

  • Showcase technology and product innovations that enhance the financial capability of low-income groups, including youth, migrant workers, women, rural farmers, factory workers and the elderly;
  • Explore methods for measuring the impact of financial education programs;
  • Examine models with the potential of reaching scale, with a particular focus on more sustainable, cost-effective approaches.

In addition to the Hong Kong event, the Financial Education Forum website enables participants to further explore issues highlighted at the Summit, facilitate dialogue among past and future delegates, and share views, experiences, best practices and online resources among others involved in promoting financial capability.

In previous years, the Pearson Foundation has been a co-organizer and supporter of similar events held in New Delhi, India (in 2007); Beijing, China (2008); Singapore (2009); Sydney, Australia (2010); Jakarta, Indonesia (2011); Malina, Philippines (2012).

More information can be found at www.financialeducationsummit.org.

The Citi FT Financial Education Forum can be found at http://financialedforum.org/.