December 5 - SUMMIT DAY 1
08:00 - 09:00 Registration & Continental Breakfast
CO-Chairs Jasmine Thomas, Program Officer for International Financial Capability & Asset Building, Citi Foundation
Eduardo Jimenez, Regional Associate, Alliance for Financial Inclusion
09:00 - 09:15 WELCOME REMARKS
Michael Zink, Head of ASEAN and Citi Country Officer, Singapore, Citi
David Pilling, Asia Editor, Financial Times
09:15 - 09:35 OPENING ADDRESS
Amando Tetangco, Jr, Governor, Bangko Sentral ng Pilipinas
Introduced by: Sanjiv Vohra, Citi Country Officer, Citi Philippines
09:35 - 10:45 INTERNATIONAL KEYNOTE SESSION
Bridging the Financial Capability Gap – The Social, Economic and Moral Imperatives
According to recent research, only 25% of low-income people who are able to access financial services have had any sort of financial education. The percentage is even lower among those who are financially excluded. Addressing this financial capability gap is not just a moral imperative; it improves quality of life, increases social equality and promotes greater economic stability. Yet, comparatively few countries have implemented comprehensive, large-scale financial education initiatives. How can governments and other key stakeholder groups be persuaded to invest more in financial education? What are the barriers and potential opportunities?
JC Parrenas, Coordinator, Advisory Group, APEC Financial System Capacity Building
Stephen Rasmussen, Manager, Business Innovation and Technology Program, CGAP
Anna Zelentsova, Coordinator, National Financial Literacy and Financial Education Project, Ministry of Finance, Russia
Moderator: Brandee McHale, Chief Operating Officer, Citi Foundation
10:45 - 11:15 Networking Break
11:15 - 12:30 CONCURRENT PANEL DISCUSSIONS
Financial Education Showcase - Focus on Youth
Experts from around the world share examples of programmes that address the unique financial education needs of young people.
Delegates can choose a session according to their interests. Each session will be led by a moderator and will include brief presentations by each of the panellists and additional time for dialogue.
Session A:
Product-linked Financial Education
Linking financial education programmes to tailored financial products, such as savings accounts, can help produce measurable outcomes while facilitating positive money management behaviour and deepening practical skills. Providers discuss different approaches for promoting savings among youth of different ages.
Tanya Hotchkiss, Head, Office of Strategic Management, Cantilan Bank, Philippines
Fred Ssewamala, Associate Professor, Social Work & International Affairs and Public Policy, Columbia University
Moderator: Rafael Lopa, Executive Director, Philippine Business for Social Progress
Session B:
Online Interventions
The ease with which children and teenagers interact with technology has underscored the importance of multimedia and internet-based tools in delivering financial education. Experts share their insights on game design and other experiential elements that have begun to demonstrate accelerated learning results among young people in developed and emerging economies.
Alan Wang, Executive Director and Co-Founder, Shanghai Better Education Development Center
Audrey Tan, Co-Founder, Playmoolah, Singapore
Moderator: Cristina Lim-Yuson, President, Museo Pambata Foundation, Philippines
12:30 - 14:15 LUNCH & SPECIAL ADDRESS
Jeroo Billimoria, Managing Director, Child and Youth Finance International
Introduced by: Brandee McHale, Chief Operating Officer, Citi Foundation
14:15 - 15:30 CONCURRENT PANEL DISCUSSIONS (continued)
Session C:
Out-of-School Youth
While a great deal of attention has been given to efforts that embed financial literacy into school curricula, youth who are no longer in school or have never received formal education are also an important, yet often overlooked, segment of the population. Specialists discuss programmes for migrant youths and young girls in rural communities.
Sabina Brady, Consultant - Management, Planning & Development, and Trustee, BN Vocational School, China
Maria Perdomo, YouthStart Programme Manager, UN Capital Development Fund (UNCDF)
Moderator: Dan Songco, President and CEO, PinoyME Foundation
Session D:
National Strategies for Youth Financial Education
Establishing good money management habits and values at an early age not only improves the financial capability of current and future generations; it also helps to advance financial and social inclusion. Increasing attention is therefore being placed on creating national strategies that can provide financial education at scale to both in and out of school youth. Advocates and practitioners from Africa and Latin America share their initiatives and insights.
Diana Castañeda, Executive Director, Visión Solidaria, Peru
Irene Mutumba, Executive Director, Private Education Development Network, Uganda
Moderator: Bam Aquino, President, Micro Ventures
15:30 - 16:00 Networking Break
16:00 - 17:45 PLENARY PANEL DISCUSSION
Partnerships and Principles for Financial Education in Schools
Many stakeholders recognise the value of promoting financial education within the school system. How can partnerships between government, educational institutions, NGOs, and financial education providers help to ensure that every child leaves school with basic financial knowledge and skills? What kind of standards, accreditations or certifications could be useful in improving the quality of teaching methods and materials? How can we systemise financial education across sectors to enable young adults to successfully transition into financially capable consumers and entrepreneurs? What sector, policy, and/or practice changes are needed to facilitate entrepreneurship, financial access and growth?
Diana Crossan, Retirement Commissioner, Commission for Financial Literacy and Retirement Income, New Zealand
Fikile Kuhlase, Senior General Manager, Socio-Economic Growth and Development Division, Banking Association South Africa
Sean Rach, Regional Director of Brand & Corporate Affairs, Prudential Corporation Asia
Qifeng Zhang, Principal Financial Sector Specialist, Office of Regional Economic Integration, Asian Development Bank
Moderator: Kathy Hurley, Executive Vice President, Education Alliances, Pearson Foundation
18:30 - 19:30 COCKTAIL RECEPTION
19:30 - 22:00 GALA DINNER & SPECIAL ADDRESS
Antonio Meloto, Chairman and Founder, Gawad Kalinga
Introduced by: Sanjiv Vohra, Citi Country Officer, Citi Philippines
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December 6 - SUMMIT DAY 2
08:30 - 09:00 Continental Breakfast
09:00 - 09:45 KEYNOTE SESSION
Dean Karlan, President and Founder, Innovations for Poverty Action, and Professor of Economics, Yale University
Introduced by: Brandee McHale, Chief Operating Officer and Managing Director, Citi Foundation
09:45 - 11:15 PLENARY PANEL DISCUSSION
Channelling Remittance Flows into Increased Financial Stability
Income generation and transfers by domestic and international migrant workers are having increasing economic impact in the 21st Century. These transactions have the potential to increase access to formal financial services and products as well as build and protect assets for long-term financial well-being. What type of financial education is most effective for migrant working populations and the households who receive their money? How can key actors and stakeholder groups be encouraged to prioritise financial education throughout service delivery to facilitate client capability and stability?
Imelda Nicolas, Chairperson, Commission on Filipinos Overseas (CFO), Office of the President of the Philippines
Ron Bevacqua, Asia Regional Coordinator, PlaNet Finance
Tony Lythgoe, Head, Financial Infrastructure, Payments and Capital Markets, IFC
Danh Nguyen, Legal Counsel, Asia Pacific, Western Union
Moderator: Pia Roman Tayag, Head, Inclusive Finance Advocacy, Bangko Sentral ng Pilipinas
11:15 - 11:45 Networking Break
11:45 - 13:00 CONCURRENT PANEL DISCUSSIONS
Financial Education Showcase - Focus on Adults
Experts from around the world share examples of programmes that address the financial education needs of different adult target groups.
Delegates can choose a session according to their interests. Each session will be led by a moderator and will include brief presentations by each of the panellists and additional time for dialogue.
Session A:
Farmers
In a world increasingly characterised by resource constraints, particularly with respect to the production and distribution of food, greater attention is being placed on the ability of farmers to boost supply, protect their crops and become more financially aware and capable. Specialists in this area explore programmes that are being implemented in Asia and Africa to improve the financial capability of small-holder farmers and the training tools that are being developed to accelerate behaviour change.
Hans Dellien, Senior Operations Officer, Agrifinance, IFC
Timothy Nourse, President, Making Cents International
Moderator: Boni Belen, Executive Director, MICRA Philippines Foundation
Session B:
At-Risk Women
Women whose lives or livelihoods are persistently at risk, particularly due to domestic violence or exploitation, experience specific obstacles to achieving financial security. Financial education practitioners discuss effective methods to provide the knowledge and skills necessary to bring about greater financial empowerment and independence.
John DaSilva, Project Development Manager, Kenan Institute Asia
Krzysztof Kaczmar, President, Kronenberg Foundation at Citi Handlowy, Poland
Moderator: Mila Bunker, Chairwoman, Microfinance Council of the Philippines
13:00 - 14:30 LUNCH & SPECIAL ADDRESS
Exploring the Challenge of Financial Education Across Emerging Economies
Hope Ewing, Director, Corporate Relations, APCEMEA, Visa Worldwide
Introduced by: Jasmine Thomas, Program Officer for International Financial Capability & Asset Building, Citi Foundation
14:30 - 15:45 CONCURRENT PANEL DISCUSSIONS (continued)
Session C:
Entrepreneurs
Providing people from low-income communities with the financial knowledge and skills to operate and grow their own businesses helps to improve revenue management, increase household wealth and accelerate asset-building. Experienced practitioners from different emerging economies share details of their initiatives and the methods they use to track progress.
Anshu Bhartia, CEO, Friends of Women’s World Banking India
Eduardo Morato, Jr, Chairman, Bayan Academy for Social Entrepreneurship and Human Resource Development, Philippines
Moderator: Nataliya Mylenko, Senior Financial Sector Specialist, Finance and Private Sector Development, East Asia and Pacific, World Bank
Session D:
Innovative Technologies
Technology plays a vital role in providing and expanding access to financial services, including payments delivery and other transactions. However, new solutions like mobile phone devices and social media software also have the potential to deliver both financial education and the simulated skills training needed to increase capability. Pioneers in this field present initiatives that are customised for developed and emerging economies and are leading to positive behavioural change.
Robyn Robertson, Financial Capability Development Consultant; Technical Advisor, Microfinance Opportunities
Sarah Gordon, Vice President Nonprofits and Advisory, Center for Financial Services Innovation, US
Moderator: , Anchor and Writer, ABS-CBN News
15:45 - 16:15 Networking Break
16:15 - 17:45 PLENARY PANEL DISCUSSION
The Ultimate Financial Education Challenges – Impact, Scale and Sustainability
A wide range of stakeholder groups and sectors have to collaborate on financial education to achieve sustainable impact and scale over time. Yet, most providers continue to struggle with proving the efficacy of programmes in terms of sustained positive behaviour change. What are some of the latest insights related to measuring effectiveness and impact? When certain interventions have been proven to deliver promising results, how can they be expanded to meet demand at a feasible cost? What role should the public and private sector play in these efforts?
Richard Hinz, Program Manager, Financial Literacy and Education Trust Fund, Human Development Network, World Bank
Kristin Kraska, Director, Governance, Regulatory & External Affairs, Citi Global Consumer Banking
Hans Sicat, President, Philippine Stock Exchange
Moderator: David Pilling, Asia Editor, Financial Times
17:45 - 18:00 CLOSING REMARKS
Sanjiv Vohra, Citi Country Chief, Citi Philippines
This is the CITI-FT FINANCIAL EDUCATION SUMMIT, the leading annual international forum on financial literacy and personal financial capability. The 9th run is taking place now at the Makati Shangri-La Hotel in Manila from December 5 to 6.
This year's summit will focus on finding financial solutions for the youth, farmers, microentrepreneurs.
Zink: Why the Philippines? 90% of the population is under 65. It's a very young population. the philippines is a natural location for us to be talking about financial education and literacy and how to bring it into a skill set.