Integrating Financial Capability into Government Cash Transfer Programs

Over the past two decades, government-to-person cash transfer programs have become common in many countries as a means of addressing chronic poverty and insecurity for low-income and poor households. However, adequate financial knowledge and skills – the key factors of financial capability – are nec...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	CASH TRANSFERS FINANCIAL CAPABILITY FINANCIAL LITERACY SOCIAL ASSISTANCE ACCESS TO FINANCE FINANCIAL EDUCATION
Online Access:	http://documents.worldbank.org/curated/en/866461531462775238/Integrating-financial-capability-into-government-cash-transfer-programs-toolkit http://hdl.handle.net/10986/30116

id	okr-10986-30116
recordtype	oai_dc
spelling	okr-10986-301162021-05-25T09:16:32Z Integrating Financial Capability into Government Cash Transfer Programs World Bank Group CASH TRANSFERS FINANCIAL CAPABILITY FINANCIAL LITERACY SOCIAL ASSISTANCE ACCESS TO FINANCE FINANCIAL EDUCATION Over the past two decades, government-to-person cash transfer programs have become common in many countries as a means of addressing chronic poverty and insecurity for low-income and poor households. However, adequate financial knowledge and skills – the key factors of financial capability – are necessary for program beneficiaries to access and use their accounts or cash transfers effectively. Integrating financial capability development into government cash transfer programs has thus emerged as a strategic policy objective around the world. The purpose of this toolkit is to demonstrate the importance of financial capability, its benefits for social cash transfer recipients, and provide guidance on how to integrate financial education into government-led cash transfer programs. The toolkit analyzes the expected benefits from such integration, sequences a recommended roadmap of the necessary steps, and suggests a design and implementation methodology with reference to the global best practices. It provides detailed guidance on the required research, needs assessments, design aspects, pilots, evaluations, and national scale rollouts. In addition, digital finance aspects of financial education are discussed, as cash transfers are increasingly provided digitally – directly into beneficiaries’ accounts. The annexes cover the reference instruments and templates that can be used in designing and implementing integrated financial education programs. 2018-08-02T18:57:41Z 2018-08-02T18:57:41Z 2018-07 Report http://documents.worldbank.org/curated/en/866461531462775238/Integrating-financial-capability-into-government-cash-transfer-programs-toolkit http://hdl.handle.net/10986/30116 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CASH TRANSFERS FINANCIAL CAPABILITY FINANCIAL LITERACY SOCIAL ASSISTANCE ACCESS TO FINANCE FINANCIAL EDUCATION
spellingShingle	CASH TRANSFERS FINANCIAL CAPABILITY FINANCIAL LITERACY SOCIAL ASSISTANCE ACCESS TO FINANCE FINANCIAL EDUCATION World Bank Group Integrating Financial Capability into Government Cash Transfer Programs
description	Over the past two decades, government-to-person cash transfer programs have become common in many countries as a means of addressing chronic poverty and insecurity for low-income and poor households. However, adequate financial knowledge and skills – the key factors of financial capability – are necessary for program beneficiaries to access and use their accounts or cash transfers effectively. Integrating financial capability development into government cash transfer programs has thus emerged as a strategic policy objective around the world. The purpose of this toolkit is to demonstrate the importance of financial capability, its benefits for social cash transfer recipients, and provide guidance on how to integrate financial education into government-led cash transfer programs. The toolkit analyzes the expected benefits from such integration, sequences a recommended roadmap of the necessary steps, and suggests a design and implementation methodology with reference to the global best practices. It provides detailed guidance on the required research, needs assessments, design aspects, pilots, evaluations, and national scale rollouts. In addition, digital finance aspects of financial education are discussed, as cash transfers are increasingly provided digitally – directly into beneficiaries’ accounts. The annexes cover the reference instruments and templates that can be used in designing and implementing integrated financial education programs.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Integrating Financial Capability into Government Cash Transfer Programs
title_short	Integrating Financial Capability into Government Cash Transfer Programs
title_full	Integrating Financial Capability into Government Cash Transfer Programs
title_fullStr	Integrating Financial Capability into Government Cash Transfer Programs
title_full_unstemmed	Integrating Financial Capability into Government Cash Transfer Programs
title_sort	integrating financial capability into government cash transfer programs
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/866461531462775238/Integrating-financial-capability-into-government-cash-transfer-programs-toolkit http://hdl.handle.net/10986/30116
_version_	1764471259038482432

Integrating Financial Capability into Government Cash Transfer Programs

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