WSBI-ESBG welcomes OECD financial literacy data release

PISA data provides picture of 15-year-olds' ability to tackle real-life situations on financial issues, decisions

>> Discover: More information on WSBI-ESBG financial education initiatives

>> See the programme for the PISA data release | >> En français  

​BRUSSELS, 24 May 2017 –The OECD released today the newest PISA 2015 volume that assesses the financial literacy competencies of 15-year-old students in 15 countries. OECD Secretary-General Angel Gurría opened the event with H.M. Queen Máxima of the Netherlands, UN Secretary-General's Special Advocate for Inclusive Finance for Development and Honorary Patron of the G20 Global Partnership for Financial Inclusion.

The launch was held on the occasion of an OECD/GFLEC global policy research symposium to advance financial literacy that will focus on addressing the needs of youth.

​WSBI-ESBG position

WSBI-ESBG sees the research produced by the OECD as crucial to set the basis for further national policies and strategies. This research and evidence should act as a wake-up call for national authorities, central banks, regulators, educators, industry and all interested stakeholders to further advance in the case and promote efforts for financial education.

WSBI-ESBG and its members recognise the importance of promoting financial education for all citizens worldwide and continue to carry out a wide range of initiatives with the aim not only to prevent social and economic exclusion, but also to contribute to the commitment of providing citizens with a better knowledge of financial issues that will enable them to make informed choices. Based on the principle that financial education must be introduced at an early age, WSBI-ESBG believe that it should be provided to everyone and at all ages. WSBI-ESBG  consider that it must be a continuous process that constantly adapts to the changing nature of the social, financial and political context, where several actors representing different sectors of society shall play a key role in improving its efforts to attain good results in this field.

>> Discover: More information on WSBI-ESBG financial education initiatives

>> See the programme for the PISA data release>> En français  

Financial education