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FINANCIAL EDUCATION IN LATIN AMERICA AND THE CARIBBEAN
I. COLOMBIA
In Colombia, economic and financial education is defined as the process through which individuals can develop the values, knowledge, competencies and behaviors needed to make responsible financial decisions, which require the application of basic financial concepts, as well as an understanding of the effects that the changes in the main macroeconomic indicators have on one’s level of wellbeing.
Woman working in community bakery. Colombia. (Photo by andresr/iStock)
