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Tuesday, August 22, 2017

National Bank of Ukraine joins the OECD International Network on Financial Education

The National Bank of Ukraine recently joined the OECD International Network on Financial Education as a full member.

"The National Bank of Ukraine's joining the OECD/INFE, which serves as a global platform, proves its commitment to further implement the nationwide educational projects based on the best international practices. The leading role of the OECD/INFE, whose members include nearly half of the world's countries, is acknowledged by the G20 and the Asia Pacific Economic Co-operation," Borys Prykhodko, the first deputy governor of the National Bank of Ukraine, said. "Increasing the level of financial literacy among the Ukrainian population means investments into the future financial independence and stability in Ukraine. Changes in global economic conditions, using best practices and cutting-edge technology in the banking industry, creation of new banking products require the Ukrainian public to display an appropriate level of financial awareness."

The OECD launched its global financial education project in 2002. It established the International Network on Financial Education in 2008, which aimed to provide a policy forum for the OECD member countries to exchange knowledge and experience on financial education issues.

The OECD/INFE comprises more than 100 countries seeking to promote the financial education of their citizens.