The Fifth CYFI Summit

Publication Date: 11/06/2019

The Fifth Child and Youth Finance International Summit – to be held under the banner of “Economic Citizenship and Employment: A Future for All” – is being hosted in Johannesburg, from 19 to 20 June 2019.

The summit will bring together as many as 250 delegates from across the world to highlight the importance of economic citizenship education and financial inclusion in equipping youth to manage their income and be financially responsible. The summit is being held during South African Youth Month.

Financial inclusion promotes the creation of affordable financial services and products for the unbanked and the under-banked. Economic citizenship education empowers people to make informed financial decisions.

There has been much progress with economic citizenship education and financial inclusion in recent years, with national strategies being developed and implemented in greater numbers around the world. Key points to be discussed at this year’s summit include:

  • Financial inclusion and education for young people and vulnerable groups.
  • Why financial inclusion and education is important for entrepreneurship.
  • National strategies for financial education.

The summit brings together senior representatives from governments, the development community, financial institutions, civil society and youth. These include the central banks of Nigeria, Zambia, Uganda, Jordan, Kenya and Malawi; as well as representatives from the World Bank, the African Union and the United Nations Capital Development Fund (UNCDF), among many others.

The summit is organised by Child & Youth Finance International (CYFI) and will be hosted by the Banking Association South Africa (BASA), the Financial Sector Conduct Authority (FSCA) Department of Basic Education and the FinMark Trust.

The Deputy Minister of Basic Education, Dr Regina Mhaule, is scheduled to address the summit on 19 June.

One of the highlights of the summit will be the Global Inclusion Awards (GIA) which will take place in the evening of the 19th of June. The awards recognise and honor the efforts of organisations and individuals that achieve extraordinary results and sustainability in financial inclusion, economic citizenship education and entrepreneurial support for children and youth. This year’s Global Inclusion Awards has two categories:  a country award and Global Money Week Award. Global Money Week is an international financial literacy campaign.

South African rapper ProVerb will be master of ceremonies at the awards. “I am looking forward to hosting the awards ceremony that will recognise those who empower young people with financial education and a means to establish themselves and earn a livelihood,” he said.

Ahead of the summit, on 18 June, a group of 50 young people will attend a workshop with on financial management for youth and entrepreneurs. The workshop will contribute to the summit’s legacy of financial responsibility among young South Africans.

The agenda for the summit is attached for your information. For further details

Spokesperson: Elijah Mhlanga 083 580 8275 (Department of Basic Education)

Khulekani Mathe 082 763 9813 (The Banking Association South Africa)

Media enquiries: Liina Liblik 031 20 520 3900 (Child & Youth Finance International)
Liina@childfinance.org

Naledi Sekoati  062 768 2522 (Ogilvy PR) naledi.sekoati@ogilvypr.co.za

About: Child & Youth Finance International (CYFI)

CYFI works to reshape financial systems in order to economically and socially empower children and youth worldwide. We are a global non-profit organization that works with partners in over 150 countries.

More information on 5th Child & Youth Finance International Global Summit:

https://childfinanceinternational.org/news-and-events/summit-2019.html

Any further questions can be directed to summit@childfinance.org

More information on the Global Inclusion Awards:

https://childfinanceinternational.org/initiatives/awards.html

Any further questions can be directed to awards@childfinance.org