Starting from 2017, the Government approved the strategy for raising financial literacy. The programme will remain in force until 2023, and all regions are already part of it — Alexey Bobrovsky, Head of the Economic Programme, Russia 24.
The joint project of the Ministry of Finance and the World Bank aimed to raise financial literacy has been in place for almost 9 years. It has trial regions that became part of the project at different stages. <…> They did surveys to track the progress in financial literacy basically every 2–3 years, and the trial regions showed a positive trend <…> we need to adopt best practices and spread them — Gulezia Imaeva, Chief Executive Officer, NAFI Research Centre.
We have managed to achieve a lot over the last 6–7 years, in many ways because the programme was universal and involved educating not only children and students, but adults as well. It was important to engulf both educational facilities and organizations responsible for consumer rights — Andras Horvai, Country Director, Resident Representative for the Russian Federation, Europe and Central Asia, World Bank Group.
We started bringing aboard non-profit organizations and colleges, and at this stage we have created a grant programme. The government is not directly involved anymore. The regional financial literacy centre was launched in 2016, <…> when we selected a non-profit organization that operates this financial knowledge provider — Anton Alikhanov, Acting Governor of Kaliningrad Region.