Mongolians’ financial literacy knowledge improved
Financial Literacy campaign was carried out and completed by the Central Bank of Mongolia.
Mongolians’ financial literacy knowledge is improved. Financial Literacy campaign was carried out and completed by the Central Bank of Mongolia. The three-month campaign was aimed to promote better personal and household financial habits among the population through various workshops and meetings held in provinces and capital city. These workshops addressed budget control, savings, investment decisions, prevention of financial risks, insurance and saving for retirement. The campaign was organized within the framework of Mongolia’s National Program on Financial Literacy, which has been running over the last two years, with the technical assistance of the World Bank. The program was developed as a World Bank evaluation of Mongolia’s financial sector concluded that poor financial literacy was a contributing factor to economic difficulty in the country. The program is being implemented in four priority areas- financial literacy program for school children, financial education for the youth, financial education for rural residents and financial education through mass media- in two stages until 2021.
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