Financial Education Initiatives in the Arab Region - A stocktaking report

Dec 31, 2016 | H. Attia, H. Engelhardt | GIZ

Financial literacy as well as financial consumer protection became an increasingly important feature of a financially inclusive environment. Across the Arab region many initiatives have sought to enhance financial education at the national and regional levels. However, little information has been shared and few impacts have been felt from one country to another. This report is based on relevant information collected through literature review and interviews with stakeholders. Looking at existing policy frameworks and demand-side analyses, this research recapitulates the general status of financial education in several selected countries in the Arab region: Algeria, Egypt, Jordan, Lebanon, Morocco, the Palestinian territories, Tunisia and Yemen. Furthermore, recent empirical evidence on regional and national financial education initiatives as well as their stakeholders, targets, approaches, budgets and results are summarised in order to extract deeper, fact-based insights on recent experiences and impact evaluations.