Upon request of the Ministry of Education of Peru (MINEDU), the Instituto de Estudios Peruanos prepared the document “Reflections and Recommendations for the Design of an Economic and Financial Education Strategy for the Republic of Peru” as part of Proyecto Capital. The document provides the MINEDU with policy recommendations in order to co-lead, within the framework of the Multi-Sectorial Commission for Financial Inclusion (Comisión Multisectorial de Inclusión Financiera – CMIF, in Spanish), the development of a national economic and financial education strategy. This strategy is aligned with the basic education curricula adopted in June 2016, and seeks to guide and enhance the articulation of efforts among the different institutions and organizations working in this field.
This policy brief is a summary of the above-mentioned document and it aims at providing the reader with basic knowledge about: a) the main characteristics of economic and financial literacy strategies around the world; and b) the factors that should be considered for the development of an economic and financial literacy strategy in Peru, with a particular emphasis on citizenship education as well as on the implementation of actions that would support/ serve the implementation of the economic and financial literacy strategy. Subsequently, this document identifies some policy challenges and proposes a series of ideas to promote the discussion on inter-sectorial and inter-institutional articulation, with an aim to ensure the adoption and implementation of a legitimate, effective and contextualized economic and financial literacy strategy that is sustainable over time. Finally, this document proposes a road map to advance the development of that strategy, considering the guidelines provided in the document “Reflections and Recommendations for the Design of an Economic and Financial Education Strategy for the Republic of Peru”.