ABOUT OECD/INFE

Portugal GMW2019 

International Network on Financial Education (INFE)

OECD governments officially recognised the importance of financial literacy in 2002 with the launch of a unique and comprehensive project on financial education. In 2008, the project was further enhanced through the creation of the International Network on Financial Education (INFE), which is now at the forefront of global financial education policy and of efforts to collect cross-comparable data and evidence; develop methodologies to measure impact; share experiences and good practices; develop research and comparative analysis; design policy instruments and promote effective implementation and monitoring.

The OECD/INFE has high-level membership from over 270 public institutions – including central banks, financial regulators and supervisors, ministries of finance and ministries of education – in 130 countries. It develops highlevel policy guidance on financial education through a collaborative, iterative approach and new methods and tools, several of which have been endorsed or supported by G20 leaders and other international and regional fora. The OECD/INFE disseminates work in a variety of ways, including by producing global and regional reports and by organising high-level conferences, roundtables and technical workshops.

The OECD recognised the importance of financial education for children and young people as early as 2005, and the 2020 OECD Recommendation on Financial Literacy encourages adherents “to develop financial literacy from the earliest possible age”.1 In parallel, the OECD/INFE developed a number of policy tools and practical guidance to advance financial literacy for children and young people. Importantly, a specific assessment tool was developed by incorporating a financial literacy option into the OECD Programme for International Student Assessment (PISA). The OECD also recognised the importance of engaging a wide range of stakeholders in developing and implementing financial education initiatives. Concurrently, OECD/INFE members have increasingly focused their efforts in reaching children and youth with financial education programmes.

By taking over the GMW, the OECD/INFE aims to leverage the momentum and outputs of the campaign, and to support countries and institutions delivering impartial, objective, high quality and fair financial education to young people.