Commonwealth (Youth Financial Literacy Platform)

2021: Creation of a digital state platform for financial literacy of young people

By November 24, 2021, a digital state platform is being prepared for launch to increase the financial literacy of young people. It was announced by Deputy Prime Minister Dmitry Chernyshenko. He considered the implementation of such a project a correct and timely initiative.

To launch the platform as soon as possible, the government, together with Rosfinmonitoring, the Central Bank, systemically important banks and other interested parties, will hold a kick-off meeting at the coordination center site in the near future, "TASS quoted Chernyshenko as saying, which in turn refers to the press service of the Deputy Prime Minister.

In Russia, create a digital state platform for financial literacy of young people

Create a special digital platform "Commonwealth," which will become a single educational space and expand access to knowledge for young people, will provide an opportunity for self-training and self-realization, proposed the head of Rosfinmonitoring Yuri Chikhanchin. According to him, such a system should increase the financial literacy of young people.

A strategy for improving financial literacy is being implemented in Russia. Its goal is to create the foundations for the formation of financially competent behavior of citizens as an important condition for improving the level and quality of life, including through the use of financial products and services of adequate quality.

The strategy is planned to be implemented in two phases:

• At the first stage, a set of measures will be developed and implemented within the framework of the main tasks of the state policy in the field of financial literacy;
• the second phase will continue to increase the level of financial literacy of citizens in accordance with the targets.

Earlier in 2021, Prime Minister Mikhail Mishustin said that federal methodological centers for improving the financial literacy of the population would be created on the basis of four large Russian universities.^[1]

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