Citi and Financial Times draw more than 280 delegates from 30 countries at International Forum on Financial Education

News provided by
Citibank Korea Inc.
Dec. 05, 2012 10:51
SEOUL--(Korea Newswire)--Citi announced that Financial education experts and policy makers from 30 countries will gather in Manila December 5th and 6th for the ninth annual Citi-FT Financial Education Summit, the leading international forum on financial capability.

Citi which celebrates 200 years this year has been undertaking diverse financial education initiatives to fulfill its duty as a responsible financial institution and to make sure individuals, families, and communities make healthy financial decisions. As part of this effort, Citi Korea has been providing “Think Money - financial education through learning and experience” together with the National YWCA of Korea since 2006 with an aim to help teenagers have the right perception about and realize the importance of finance. Over the last six years, the financial education program has been provided to 270,000 students and gradually expanded to include not only teenagers but their parents and multi-cultural families through around 30 partnership schools, after-school classes, and YWCA centers nationwide. It is offering an in-depth and long-term financial education that can bring about changes in attitudes and behaviors as well as disperse financial knowledge. Think Money is also committed to developing and utilizing textbooks and materials tailored to target audiences. In particular, early this year, two “Think Money Financial Education” textbooks for elementary and middle school students were approved as official textbooks by the Superintendent of Seoul City and published.

YWCA Korea has partnered with Citibank Korea for financial education program and has participated in the conference every year. Han, Mimi from the Youth Care Team of the organization expressed her impression saying, “This year’s theme is well aligned with the Think Money Program that has been continued for the past seven years in that it pursues financial education that is applicable to real life. This clearly shows that Think Money presents a sound partnership model between an enterprise and an organization and serves as a leader in financial education. The program has also committed to developing new tools for the assessment of financial education that evaluate the impact and effectiveness of education programs. Next year, we will adopt new tools like mobile application that the youth can learn and practice finance in daily lives more easily and more conveniently.

This year’s event - organized by the Citi Foundation, the Pearson Foundation and the Financial Times and co-sponsored by IFC, Prudential and Visa - will convene more than 280 representatives from non-profit organisations, financial institutions, government agencies/regulators, multilateral institutions, microfinance institutions, educational organisations and private business.

Signifying its commitment to promoting financial education, Bangko Sentral ng Pilipinas (BSP) has agreed to be this year’s Host Partner with Gov. Amando C. Tetangco, Jr. making the opening address. The two-day event, with the theme ‘Financial Capability as a 21st Century Life Skill’ aims to establish the case for financial capability as a critical competency for modern society, in both developing and developed economies.

Additional speakers include senior representatives of the Russian Ministry of Finance, New Zealand Commission for Financial Literacy and Retirement Income, Child and Youth Finance International, Innovations for Poverty Action, International Finance Corporation, APEC Financial System Capacity Building, CGAP, Kenan Institute Asia, PlaNet Finance, Center for Financial Services Innovation and World Bank. Philippine institutions engaged in financial education are also participating, including the Commission on Filipinos Overseas, Philippine Stock Exchange, Bayan Academy and Cantilan Bank.

The Manila Summit will showcase leading financial education programs that support key segments, such as in school and out of school youth, entrepreneuers, migrant workers, farmers and at-risk women. In addition, the conference will address the fundamental challenges around impact assessment, sustainable delivery models, program standards and multi-sector partnerships.

“Through our support for the Citi-FT Financial Education Summit, Citi once again underscores its role as a financial capability thought-leader, not only in the Asia Pacific, but also globally. As we celebrate 200 years, we cannot overemphasize the importance that financial education plays in promoting responsible finance across all our stakeholders - from our employees to our clients to our local communities.” said Citi’s Head of ASEAN, Michael Zink.

More information about the Citi-FT Financial Education Summit 2012 can be found at: www.FinancialEducationSummit.org. Follow the event live on Twitter at @FinEd2012 or https://twitter.com/FTLiveTweets.

Website: http://www.citibank.co.kr

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