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Financial Education in Latin America and the Caribbean: Rationale, Overview and Way Forward

Nidia García, Andrea Grifoni, Juan Carlos López and Diana Mejía
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Nidia García: Banco de la Republica (BRC)
Andrea Grifoni: OECD
Juan Carlos López: Financial Institutions Guarantee Fund of Colombia (Fogafin)
Diana Mejía: CAF Development Bank of Latin America

No 33, OECD Working Papers on Finance, Insurance and Private Pensions from OECD Publishing

Abstract: Macroeconomic stability and growth in the Latin America and the Caribbean (LAC) region have allowed governments to focus on public policies that build on the complementarities between financial education, inclusion and the development of social capital. Financial education programmes can support the needs of emerging middle classes in managing their finances and benefitting from access to more sophisticated financial markets. They can also be a valuable tool to ensure a more effective financial inclusion of the most vulnerable sectors of the population, and help fight poverty and inequality.

L'éducation financière en Amérique latine et dans les Caraïbes : tour d'horizon et perspectives La stabilité et la croissance économique des pays d’Amérique Latine et des Caraïbes ont permis aux gouvernements de la région de concentrer leurs efforts sur la mise en place de politiques publiques qui exploitent la complémentarité entre éducation financière, inclusion financière et développent du capital social. Les programmes dédiés à l’éducation financière ont pour but d’aider les classes moyennes émergentes à gérer leurs budgets et à accéder à des marchés financiers qui deviennent plus sophistiqués. Ces programmes sont aussi importants pour la mise en place d’une inclusion financière plus efficace, ainsi que pour lutter contre la pauvreté et les inégalités.

Keywords: alphabétisation financière; Amérique latine; Caraïbes; Caribbean; conditional cash transfer programmes; financial education; financial inclusion; financial literacy; inclusion financière; Latin America; poverty reduction; programmes de transfert de fonds sous conditions; réduction de la pauvreté; éducation financière (search for similar items in EconPapers)
JEL-codes: D14 D31 H53 I25 I38 O19 (search for similar items in EconPapers)
Date: 2013-08-22
New Economics Papers: this item is included in nep-dev and nep-lam
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