Recommendation of the Council on Financial Literacy

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      <subfield code="a">The Recommendation on Financial Literacy was adopted by the OECD Council at Ministerial Level on29 October 2020 on the proposal of the Committee on Financial Markets (CMF) and the Insuranceand Private Pensions Committee (IPPC). It presents a single, comprehensive, instrument on financialliteracy to assist governments, other public authorities, and relevant stakeholders in their efforts todesign, implement and evaluate financial literacy policies. Financial literacy has become a long-term policy priority in many countries and economies and is recognised as an important complement to market conduct, prudential regulation, and financial
inclusion. As of May 2020, more than 70 countries and economies worldwide were designing orimplementing national strategies for financial literacy</subfield>
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