1. Enhancing Financial Literacy of the Population of the Republic of Belarus Yulia Sakovich November 2014, Lisbon

2. FINANSIAL LITERACY Increases public welfare Contributes to economic development Help to improve living standards The importance of financial literacy

3. NB RB AFI ‘Measuring the Access to Finance’ SPECIAL NATIONWIDE SOCIAL RESEARCH

4. Who and how uses financial services People who do not use financial services People who use 1-2 financial services People who use 3 financial services People who use 4-5 financial services People who use 6 and more financial services

5. Financial inclusion of individuals by type of service, % Bank accounts Credits Deposits Insurances Yes No

6. VITEBSKI 12.9 MOGILEVSKI 13.9 GOMELSKI 12.5 GRODNENSKI 15.1 BRESTSKI 29.0 MINSKI 26.0 On average - 16.4% REGIONAL DIFFERENCES IN THE USE OF DEPOSIT

7. Ability to calculate interest payable on the deposit account Question on target inflation Knowledge of the current interest rate on bank deposits No Yes All 3 answers are correct 2 answers are correct 1 answer is correct All 3 answers are incorrect Financial Literacy Survey, %

8. Joint Action Plan on Enhancing Financial Literacy of the Population Joint Action Plan Ministries and departments Banks Academy of Sciences Associations of the financial market Mass media Private companies International organizations

9. Joint efforts provide for: An example of the text Special research institutes Actions to evaluate the level of financial literacy of households Internet Portal on financial literacy Actions to implement information policy in the field of finance Cooperation with mass-media Actions performed in the mass media

10. Joint efforts provide for: An example of the text International Savings Day Open Days Implementation of the course Plan your Future Actions to enhance financial literacy in such spheres as banking services, securities, insurance, taxation Special projects, events Organizing a competitions Actions to raise financial literacy in the workplace Child and Youth Finance Day Activities for children Special projects Actions to raise financial literacy among schoolchildren, the youth

11. COOPERATION WITH AFLATUN In 2013 the National Bank and International Fund Aflatun signed an agreement on cooperation in the field of financial literacy. As a first result we managed to enhance financial literacy of 55 schoolteachers from different regions of Belarus

12. Celebration of Global Money Week – every year

13. . Banks support this idea by  publishing books, articles in the media  organizing open lessons, seminars and so on Role Belarussian banks in enhancing of financial literacy of children and youth

14. UNIFIED INTERNET PORTAL OF FINANCIAL LITERACY In 2014 a National web portal was made where you can find materials, games, articles, handbooks in the field of financial education.

15. Actions to raise financial awareness of schoolchildren and the youth. Cartoons talk about the basics of economy, help to develop the right attitude to money explain how to save, spend and invest it

16. Competition to develop a logo and slogan for the campaign of financial literacy The winner is the slogan ‘Money likes smart people’

17. Social TV advertising to improve the financial literacy of the general population

18. Financial literacy ads on billboards

19. In 2014 the Call Center received 13,539 calls: 8,408 – individuals 5,131 – legal entities Call-center of the National Bank A report on the Call- Center activities is prepared every month and submitted to the member of the Board of the National Bank.

20. Plans : Competition among university students of the Republic of Belarus for the best research work on economic issues Holding an Open Day in the National Bank Organizing a financial literacy school for teachers

21. Thank you for your attention! Y.Sakovich@nbrb.by +375172183829