Some 2.5 billion people have no access to basic financial products like insurance and credit cards. Fixing that would fix a lot of the world's poverty problems.
MetLife and Sesame Workshop to Provide Financial Knowledge & Resources to Low-Income Families with Young Children
MetLife, Inc. announced today that MetLife Foundation has committed $20 million over the next five years to Sesame Workshop, the nonprofit educational organization behind Sesame Street, to advance financial capability among low and moderate-income families with young children throughout the world.
Later this month, the United Nations will discuss a high-level report on global development priorities for the period following the Millennium Development Goals (MDGs), which expire in 2015. Quality education is one of the global priorities that world leaders will be taking up.
Soap Operas and Cell Phones: Riding on technological channels to impact financial capability at scale
The South African soap opera, Scandal!, shows the promise of technology and out-of-the-box thinking to improve financial behaviors of households around the world. A World Bank report, summarizing the outcome of five years of testing and experimentation on financial education, confirms that there’s still a lot of work to do to understand the scope and limitations of different interventions and delivery mechanisms.