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FINANCIAL EDUCATION IN LATIN AMERICA AND THE CARIBBEAN
VII. MEXICO
Mexico, in line with international organizations, has adopted a definition of economic-financial competencies, understood as the knowledge, behaviors, and attitudes that underlie all sound financial decisions. The shaping of these skills and abilities takes place through a process that begins with economicfinancial education, and later crystalizes in greater financial literacy and financial health. This definition was established in Mexico’s National Policy for Financial Inclusion. All the above implies that the population is able to plan and manage their finances, gain knowledge on what financial products and services are for, and identify which ones they need at each stage of their lives, based on their contexts. Hence, individuals can evaluate and compare all the available financial products and services offered, and understand the risks, benefits, rights and obligations associated with contracting those services. The goal is to provide consumers with tools that lead to greater financial health.
Group of latin young business people working together. Mexico. (Photo by Marcos Castillo/Shutterstock)
