OECD Working Papers on Finance, Insurance and Private Pensions

2079-7117 (online)
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Selected studies on finance, insurance and private pensions policy prepared for dissemination in order to stimulate wider discussion and further analysis and obtain feedback from interested audiences. The studies provide timely analysis and background on industry developments, structural issues, and public policy in the financial sector. Topics include risk management, governance, investments, benefit protection, and financial education. Previous papers addressing these policy issues are available via http://dx.doi.org/10.1787/19936397.

Financial Education in Latin America and the Caribbean

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Nidia García1, Andrea Grifoni2, Juan Carlos López3, Diana Mejía4
Author Affiliations
  • 1: Banco de la Republica (BRC), Colombia

  • 2: OECD, France

  • 3: Financial Institutions Guarantee Fund of Colombia (Fogafin), Colombia

  • 4: Development Bank of Latin America (CAF), Venezuela

22 Aug 2013
Bibliographic information

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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.
poverty reduction, financial education, financial inclusion, financial literacy, Latin America, Caribbean, conditional cash transfer programmes
JEL Classification:
  • D14: Microeconomics / Household Behavior and Family Economics / Household Saving; Personal Finance
  • D31: Microeconomics / Distribution / Personal Income, Wealth, and Their Distributions
  • H53: Public Economics / National Government Expenditures and Related Policies / National Government Expenditures and Welfare Programs
  • I25: Health, Education, and Welfare / Education and Research Institutions / Education and Economic Development
  • I38: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
  • O19: Economic Development, Innovation, Technological Change, and Growth / Economic Development / International Linkages to Development; Role of International Organizations
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