Boosting Financial Literacy 

	Country:	Bangladesh
	Member institution:	Bangladesh Bank
	Timeline:	November 2020 – June 2022
	Thematic area:	Consumer Empowerment and Market Conduct

Context 

Inadequate financial literacy is one of the major obstacles to accessing finance in Bangladesh. An information gap between consumers and financial services providers means consumers are not able to make the right decisions about their finances, particularly in rural areas. 

Bangladesh Bank (BB) is committed to building the nation’s financial knowledge base, and to empowering people to make rational and well-informed financial decisions.

Project Activities 

• BB developed Financial Literacy Guidelines for banks and financial institutions, which served as a framework to enhance financial literacy levels and foster responsible financial behavior and positive attitudes toward financial management. 

• BB developed educational materials (content for websites and animated videos), as well as a dedicated website for the public to access basic financial knowledge.  

• BB customized financial literacy content for different groups, including school children, youths, women, small businesses, farmers, and senior citizens.  

Outcome 

Through this project, Bangladesh Bank demonstrated its commitment to enhancing financial literacy nationwide. The development of Financial Literacy Guidelines, the creation of informative website content, and the production of engaging animated videos all contributed to promoting financial knowledge and empowering individuals and communities to make informed financial decisions.