Leaders of finance museums from around the world will gather in New York for the first annual meeting of the International Federation of Finance Museums in June.
The day-long inaugural conference, scheduled to take place at
Participants aim “to inspire innovation in the promotion of financial literacy globally,” and engage the media, academics, policymakers and industry participants.
“Just as it was not possible to live in an industrialized society without literacy—the ability to read and write—so it is not possible to live in today’s world without being financially literate,” stated Annamaria Lusardi, academic director of the Global Financial Literacy Excellence Center at the George Washington School of Business, in a press release, that financial literacy “is critical to fully participate in today’s society.”
Joint efforts of finance museums around the world are expected to help increase global awareness about the importance of financial literacy.
Participants include the Chinese Museum of Finance, the Museum of American Finance, the Museum of Saving in Italy and the Global Financial Literacy Excellence Center.
Representatives of finance museums in Austria, Chile, The Czech Republic, France, Greece, Mexico, The Netherlands and Poland will discuss collaboration prospects and future strategies.
The inaugural IFFM conference is sponsored by the European Investment Bank Institute and McGraw-Hill Financial.
Next year the Chinese Museum of Finance will host the 2014 IFFM conference when participants will review the results of the first large-scale international study to assess the financial literacy of young people conducted by the Organization for Economic Cooperation and Development, Program for International Student Assessment.
