Project stage:

The project has been implemented

Objective of the project:

Creating the foundations for the formation of financially literate behavior of the population as a necessary condition for increasing the level and quality of life of citizens, including through the use of financial products and services of appropriate quality.

Project objectives:

Organization of events for students of general education institutions;
- eliminating financial illiteracy of the city population;
- attracting specialists in the field of banking, accounting, finance and economics to cooperation;
- creation of a platform for the development of business ideas of students;
- organization of thematic weeks.

Results achieved over the past year:

Availability of information from competent specialists in the field of finance and banking. economics and entrepreneurship;
- preventing financial mistakes and explaining the current situation on the market;
- introduction of frugality skills in conditions of saving resources;
- training and involvement of teachers of educational institutions and senior schoolchildren in the process of eliminating financial illiteracy;
- providing new opportunities for increasing knowledge to the general population, as well as interested specialized structural units of organizations;
- assistance in promoting and implementing youth entrepreneurial initiatives.

Social significance of the project:

In modern conditions of expanding the use of financial services, increasing complexity and the emergence of new and difficult to understand financial instruments, issues of financial literacy of the population
have become extremely relevant for most countries of the world. Ensuring personal financial security is becoming an important factor in people's economic well-being.
In many countries around the world, awareness of the need to improve the financial literacy of the population has led to the formation of national strategies or financial education programs.
The main factors of their formation are:
economic crisis, during which the relevance increases
rational use of financial resources with a clear decrease
cost of savings;
increasing complexity of financial services offered on the market;
discrepancy between the financial knowledge of the population and the dynamically changing financial market.
In addition, during a period of instability and low predictability in the development of financial markets, the importance of the population gaining access to reliable and reliable information about
financial services and protecting their rights as consumers of financial services.
Approximately 60 countries are already developing or implementing national strategies to improve financial literacy. Each state sets a specific goal and defines the expected end results
when forming such a strategy.
In many countries, national financial literacy strategies are aimed at all consumers of financial services and seek to reach the broadest segments of the population. At the same time
priority target groups are identified. As evidenced by the analysis of international experience, preference is most often given to students of general education organizations and educational
higher education organizations, the working population, citizens of pre-retirement and retirement age.

Activities carried out within the framework of the project:

Quiz for schoolchildren "Financial literacy" - September 2016, September 2017 (up to 70 participants over 2 years)
- Master class “Financial educational program or what we should know about money in the 21st century” - December 2016 (60 participants)
- Open lecture "Nobel laureates" - March 2017 (65 participants)
- Financier Day at the Kotelniki branch - September 2017 (150 participants)
- Lecture “Basic principles of international coaching” together with Professor, Doctor of Economic Sciences, Israeli scientist Natalya Dmitrievna Goldman - October 2017 (70 participants)
- Open seminar "Lessons of frugality". timed to coincide with the end of the Year of Ecology in Russia - November 2017 (40 participants)
- Seminar "Information resources to support the activities of financial structures of an organization" together with the media company "Aktion-MCFER" and the information portal "Glavbukh" with subsequent testing and presentation of certificates to participants - December 2017 (30 participants)
- conclusion of an agreement between the Kotelniki branch and the media company Aktion-MCFER on the creation, on the basis of an educational institution, of a center for advanced training of accountants and specialists in the field of finance - March 2018
- organization and holding, together with the department of economics and support of small and medium-sized businesses, a business project competition “My Start Up” - April-May 2018 (more than 100 participants)

Project scope:

Students of senior classes of general education institutions, students of secondary vocational and higher education, residents of the city. Kotelniki and surrounding areas.

Resources spent:

1.5 years (the project continues its work)

Project start date:

Puganovskaya Tamara Ivanovna author Sharenkov Sergey Alekseevich Abdukarimov Nurillo Khairullaevich Aleshina Anna Alexandrovna Afanasyeva Tatyana Anatolevna Golikova Tatyana Yurievna Platonova Alla Mikhailovna Orlov Nikolay Nikolaevich Pavlikova Tatyana Alexandrovna

Grishakina Olga Petrovna,

Head of the Chekhov branch of the National Assembly "Integration",

teacher of economics at MBOU gymnasium No. 7 in Chekhov,

Head of the Russian Educational Institution for Economics Teachers

Chekhovsky district, Moscow region

The project “Promotion of increasing the level of financial literacy of the population and the development of financial education in the Russian Federation” is being implemented by the Ministry of Finance of the Russian Federation together with the World Bank, with the support of the Ministry of Education and Science of the Russian Federation, leading Russian banks. His ideas arose in 2011, the project was initially designed until VI 2016, extended until 2018.

The purpose of the Project is to increase the financial literacy of Russian citizens (especially students of schools and higher educational institutions, as well as adults with low and middle income levels), promote the formation of reasonable financial behavior, informed decisions and a responsible attitude towards personal finance among Russian citizens, increase efficiency in the field of protection rights of consumers of financial services.

• Finance is a system of economic relations that arise between business entities, between the population and the state as a result of the use of money.
• Financial literacy is understood as the totality of knowledge and practical skills of a person to understand situations related to monetary issues, the budget, financial markets, their instruments (deposits, payment and credit cards, etc.), products and services, the work of banks, the tax system; skills of making financial decisions and responsibility for them, taking care of your economic well-being.

Main objectives of the Project:
1. Based on an assessment of the level of financial literacy of the population and the effects of piloted programs, develop and begin implementation of a medium-term national Strategy for increasing the financial literacy of the population;
2. Create sustainable institutional mechanisms for the implementation of programs to improve financial literacy at the federal and regional levels with the participation of executive authorities, educational institutions, non-governmental organizations, and the financial sector;
3. Create human resources in the implementation of financial literacy programs at the federal and regional levels;
4. Develop, test and disseminate educational programs and tools to improve financial literacy, using institutions and channels of both formal and informal education for school-aged students, students and adults;
5. Create a system of effective and accessible information resources in the field of financial literacy and protection of the rights of consumers of financial services, conduct a large-scale information campaign; develop, test and distribute a wide range of information materials on protecting the rights of consumers of financial services;
6. Support on a competitive basis a wide range of grassroots initiatives aimed at increasing financial literacy, developing financial education and increasing the protection of the rights of consumers of financial services;
7. Ensure strengthening of the capacity of government bodies and the non-state sector in the field of consumer protection in the field of financial services, including advanced training of personnel, improvement of the state of affairs with the disclosure and accessible presentation of information by participants in financial markets and interaction with private sector organizations;
8. Conduct a comprehensive large-scale assessment and organize monitoring of the level of financial literacy and financial behavior of the population.

Main components of the project

1. Development of a strategy for increasing financial literacy, monitoring and assessing the level of financial literacy and consumer protection.
2. Capacity building in the field of improving financial literacy, including:

• Training and organization of seminars and open discussions for national groups of experts, as well as for teachers and educators at different levels of the education system and non-formal education, expanding human resources in the field of improving financial literacy;
• Creation of an information and educational portal on financial literacy and consumer protection;
• Implementation of a regional program for the development of financial literacy in the Pilot and other regions, which provides for: the creation of Regional Financial Literacy Centers; development and testing of educational programs and materials on financial literacy; implementation of the above training programs, monitoring and evaluation of the above activities; conducting information campaigns;
• Provide support in preparing follow-up activities in the areas of financial literacy and consumer protection.

3. Development and implementation of educational programs and information campaigns to improve financial literacy, including:

• Development and implementation of educational programs to improve financial literacy.
• Development and implementation of information campaigns to improve financial literacy: defining the concept of the campaign, developing materials and campaign tools, implementing training programs for journalists.
• Implementation of Subprojects aimed at improving financial literacy, including supporting a number of financial literacy initiatives carried out by representatives of the private and public sectors, non-governmental and non-profit organizations and professional associations

4. Improving the protection of the rights of consumers of financial services, including:

• Development and implementation of a plan to strengthen the potential of Rospotrebnadzor in the field of protecting the rights of consumers of financial services.
• Implement Subprojects aimed at improving financial literacy by supporting a range of financial consumer protection initiatives, including initiatives to provide legal advice and information to consumers from the private and public sectors, non-governmental and non-profit organizations and professional associations
• Providing assistance in creating the institution of a financial ombudsman, as well as in improving the system of independent monitoring in the field of consumer protection. The project is initially designed for 5 years until June 2016, and has a national scale. The amount of financing is $113 million. The action has been extended until 2018.

General management of the Project.

The executor and main manager of budgetary funds for the Project is the Ministry of Finance of the Russian Federation (Ministry of Finance of Russia). The project is being implemented in cooperation with Rospotrebnadzor, the Bank of Russia, the Ministry of Education and Science and the Ministry of Economic Development of Russia and other departments and organizations. Expert support for the Project is provided by the Expert Council. The functions of coordinating the current work on the preparation and implementation of the Project are performed by the Working Group of the Russian Ministry of Finance. The Chairman of the Working Group is also the Project Director.

There are several options for participating in the Project:

• you can familiarize yourself with the list of Project contracts planned for implementation in the near future, for which invitations to express interest (procurement announcements) are posted on the FRP website http://fer.ru/fefl/procnotices.htm;
• if among them there are those that are interesting for your company or for you personally as an individual consultant - submit expressions of interest describing your experience and possibilities for implementing this contract (all contact details and essential information about specific contracts are contained in the corresponding invitations)

a complete list of all Project contracts - both already implemented, current, and planned for the future - can also be found on the FRP website by studying the Project Procurement Plan: http://fer.ru/fefl/procplan.htm;

• if you are engaged in activities in the field of financial literacy or protecting the rights of consumers of financial services, but among the Project contracts there was no one that would meet your interests and the characteristics of the work you are doing, you can apply for funding for such work within the framework of the Project’s Good Ideas Fund – a special mechanism for competitive selection and support of local initiatives on the subject of the Project: www.goodideasfund.ru.

Project contacts:

• Ilyina E.S. – Chief Expert Specialist of the Department for International Development Assistance of the Department of International Financial Relations of the Ministry of Finance of the Russian Federation. Tel. 8-495-913-47-01 Fax 8-495-913-43-15 E-mail:

• Zelentsova A.V. – Head of the Project Consultants Group. Tel. 8-915-480-02-80 E-mail: This email address is being protected from spambots. You must have JavaScript enabled to view it.

• http://goodideasfund.ru/konkurs/ Good Ideas Fund – competitive selection of financial literacy initiatives. Funding of initiatives up to $200,000 for legal entities and up to $50,000 for individuals and individual entrepreneurs http://goodideasfund.ru/kontakty/ contacts for the competition

In a market economy, given its ups and downs, ensuring personal financial security is important for every person. Society understands these realities, so the state must create programs that increase the level of financial literacy of Russians.

Why raise?

The future of the Russian economy is largely determined by young people. That is why increasing their education in the field of money management is of particular importance. The solution to this problem is possible only through close cooperation of the state with commercial and financial institutions, educational institutions and public organizations that are able to influence the development of this process in their field.

More than a third of the country's residents have not taken out bank loans at all over the past few years, fearing a sharp drop in money inflation.

Based on the above, it turns out that most Russians manage their funds without the right approach and advice from a specialist. All money issues are resolved at home over a cup of tea with friends. Which, just like the owners, are not particularly versed in the intricacies of decisions.

The country's market economy, however, does not stand still; on the contrary, it is moving forward at a rapid pace. People’s knowledge remains at the old level and is not added to, which becomes critical for the country itself and its economy as a whole.

The lack of understanding of these problems by society is pushing the country's leadership to extreme measures. By all possible means to improve the education of people.

What is being done for this?

Propaganda is being conducted aimed at smart spending of the population's funds. To teach skills correctly deals with.

Training seminars are held aimed at gaining knowledge in the field of banking services. The ability to understand securities and their profitability.

Operation of the financial literacy program

Special centers teach people how not to succumb to the tricks of scammers, how to secure their deposits in banking structures, how to make a profit from pension payments and much more.

It is designed for all age categories of the population and is taught even in schools where there are special elective subjects for teaching children. Naturally, at school only the basics of everything that children will learn at an older age are taught.

Universities also devote a lot of lectures to achieving the proper level of knowledge in this area. At the same time, the economics university works with its students in the most detail on the intricacies of banking and monetary decisions. This is done to improve.

Along the way of program implementation, monitoring groups have also been created to monitor changes in people’s knowledge of the financial sector. And although the results are still disastrous, work is being done in all possible directions.

All media are connected. Television is engaged in showing social videos that encourage people to listen and explain the necessity of such knowledge. Newspapers and handouts clearly state the position of the foreign exchange markets. Publishers produce printed materials that describe all the main points of knowledge of this science.

In addition, all regional authorities are connected. They hold master classes for entrepreneurs and people starting their own businesses. Ways to avoid them are also considered. Experienced people in financial matters come to such meetings.

Pensioners receive clear information from pension funds. In short, there is a comprehensive information load on the population. To reach their minds as quickly as possible and attract them to learn money skills.

The adult population within the framework of the program is taught skills in various structures and in various ways that they bring profit.

When will the program bring the desired effect?

And although the program began its work back in 2009, people still refuse to trust the system, believing that they are being deceived again. Abroad, such methods have been used for a long time, which is probably why their population is much more educated in money matters. We are still lagging behind and showing weakness in this.

However, I would like to hope that the program will soon yield positive results and Russia as a country will become more educated in terms of the population’s economy. Today, such a program is being introduced in Ukraine, but it will probably face the same difficulties with its acceptance by the population as in our country.

The programs are mainly aimed at improving the education of the younger generation. If you rely exclusively on young people, the program will only work effectively in 15-20 years. Then this adult generation will independently teach their children financial literacy, having good knowledge in this area.

The publication was prepared within the framework of the joint project of the Ministry of Finance of the Russian Federation and the World Bank “Promoting the level of financial literacy of the population and the development of financial education in the Russian Federation.”

In the situation of the global financial crisis, even Western economists and public figures are raising the question of the need to increase financial literacy of the population and improve financial training in schools. For our country, this issue is much more relevant due to the fact that Russian citizens have virtually no experience of living in a market economy. As a result, many families do not know how to rationally manage their income and savings, correctly assess possible risks in the financial markets, and often become victims of financial scammers.

Therefore, a special educational and methodological complex (EMC) was developed, which includes the following elements:

• training program,
• materials for students in basic vocational training programs,
• methodological recommendations for the teacher,
• control measuring materials (CMMs),
• materials for parents.

The “Financial Literacy” course for this educational level is based on the learning-by-doing methodology. This allows students to be given not only basic financial knowledge, but also the skills of competent financial behavior.

Financial literacy: curriculum. Professional education

The curriculum is focused on a competency-based approach to learning and active educational and cognitive activity of students. The program provides for obtaining not only basic knowledge in the financial sector (subject results), but also a certain set of skills, competencies, personal characteristics and attitudes (meta-subject and personal results) in accordance with the Federal State Educational Standard.

Curriculum (PDF, 297 Kb)

Financial literacy: materials for students. Professional education

As a result of studying the course, students will learn how to draw up a family budget and carry out financial planning in the family, spend money rationally and make savings; what is the essence of insurance protection and the principles of functioning of the pension system; what does it mean to use bank loans and deposits correctly; how to protect yourself from financial risks and prepare for starting your own business.

Materials for students (PDF, 112.63 MB)

Financial literacy: methodological recommendations for teachers. Professional education

The main advantage and distinctive feature of the methodological recommendations for this course is that they are based on a system-activity approach to learning, which ensures an active educational and cognitive position of students. The manual will help the teacher in developing in students the necessary skills, competencies in the financial sector, personal characteristics and attitudes. It describes in detail the simulators - tasks, exercises, practical tasks with parents, essays, cases. Recommendations are given for conducting assessment procedures, team games, discussions, quizzes, etc.

Methodological recommendations for teachers (PDF, 2.34 MB)

Financial literacy: materials for parents. Professional education

The manual contains educational materials that tell you how to rationally manage your income and savings, correctly assess possible risks in the financial markets and not become a victim of financial scammers. One of the most important types of work within the course is joint tasks for students and parents, which will allow parents to become active participants in the process of financial education for children.

(PDF, 1.24 MB)

Financial literacy: control measurement materials. Professional education

Control measurement materials are a collection of tasks for all topics of the course. The materials contain tasks, open-ended questions, tests where you need to choose one correct answer from several offered, and tasks with multiple correct answers. The teacher can use these tasks when compiling tests and tests. All tasks in CMMs are grouped in pairs - two tests or two tasks devoted to the same problem.