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Introduction to ChildFinance December 2010

Introduction to ChildFinance December 2010. Background to ChildFinance. Asset theorists combined with children’s social and financial education Expert’s Meeting held in Amsterdam June 2010 Formation of Secretariat Inaugural working group meetings held September - November 2010.

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Introduction to ChildFinance December 2010

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  1. Introduction to ChildFinanceDecember 2010

  2. Background to ChildFinance • Asset theorists combined with children’s social and financial education • Expert’s Meeting held in Amsterdam June 2010 • Formation of Secretariat • Inaugural working group meetings held September - November 2010

  3. Strategic Direction • Vision:That all children realize their full potential as responsible economic citizens • Mission- To empower all children, particularly those who are vulnerable and marginalized, by increasing their financial capability, enhancing their awareness of social and economic rights and improving their access to appropriate financial services. • Strategic Objectives and Work Streams • Education: To empower all children through the provision of social and financial education (Education, Research) • Inclusion: To ensure that all children have access to fair and low cost financial products (Inclusion, Research) • Global Movement: To place children’s economic rights on national and local agendas through global advocacy (Country Programs, Media/Advocacy, Research)

  4. Education Work Stream • Key objective is to build a core curriculum content framework for child social and financial education (CSFE) • Starting an appropriate assessment process of governments/organizations offering CSFE • Facilitating training, capacity development, peer exchange to ensure quality implementation • Providing CSFE to 100 million children by 2020 • Key Accelerators: UNICEF, UNESCO, Population Council, Freedom from Hunger, IRC, Making Cents, Operation Hope, Canadian Foundation for Economic Education, ACCION

  5. Inclusion Work Stream • Key objective is to determine minimum standards and processes for Child Friendly Banking Certification • Mapping the current landscape to determine financial products and government policies which promote children’s access to finance • Advocate for change in banking regulation to facilitate safe child friendly products • Certify 100 safe child friendly financial products by 2015 • Key Accelerators: BIS, World Bank, IaDB, WSBI, WOCCU, Representatives of Central Banks Rabo Bank, BBVA,

  6. Research Work Stream • Key objective is to put forth our theory of change model and validate it with academic research • Reach consensus on key terms and definitions used within the ChildFinance movement. • Determine the key indicators and outcomes that are useful for measuring impact in ChildFinance. • Key Accelerators: University Departments of Business, Finance, Economics, Social Work, Tata Institutue, Michael Sherraden, Lew Mandell

  7. Country Programs • Key objective is to work with governments to incorporate ChildFinance principles into national policy agenda. • Goal is to have100 countries commit to ChildFinance programming and pilot initiatives by 2015 • Mobilize a international advocacy network to promote ChildFinance at the local, national and global level. • Annual Celebration of ChildFinance day/week.

  8. How you can get involved • Become a member of one of the work streams • Sign up for the ChildFinance Newsletter • Visit our website: www.childfinance.org • Email us: info@childfinance.org

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