The Armenian Financial Capability Barometer was published
The Central Bank of Armenia, in cooperation with AFI, elaborated a new financial capability measurement tool - the Financial Capability Barometer (FCB). This paper describes in brief the FCB approach, which is a new methodology for measuring financial capability. It includes the FCB framework and full methodology, a survey toolkit, a module for calculating the Financial Capability Index and sub-indexes and all necessary guidelines. This is a new methodology for measuring financial capability elaborated by AM Partners Consulting Company under the supervision of the CBA and in cooperation with the AFI.
Armenia has conducted two financial capability assessments based on the OECD and World Bank methodologies, which were then used to elaborate its National Strategy for Financial Education (NSFE). Some challenges were identified and the FCB development has been initiated for addressing them. The objective of the FCB is to set effective policy priorities, strategies and benchmarks for the development of financial education programs, and to monitor the implementation of the NSFE and ensure public accountability. The general framework of the FCB is presented in the paper introduced by the AFI (Link: http://www.afi-global.org/publications/2483/Financial-Capability-Barometer).