Financial Education and Consumer Protection

    The page presents documents developed by the National Bank of Georgia in the field of Consumer Rights Protection and Financial Education, including researches, approved strategies and educational brochures.

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    Date:01 July, 2020
    Category:

    Publications on Consumer Rights and Financial Education Educational brochures for students

     

    The National Bank of Georgia, with the involvement of the University of Business and Technology, developed brochures on financial education for young people. The project was implemented with the support of the Administration of the President of Georgia. The audience of the brochures is students, and they consist of ten topics.

     

    The brochures are designed to provide readers with information about the financial system and its participants, money and currency, the state budget and taxes, as well as basic financial management issues such as personal budgeting and savings, lending, insurance, financial security and protection of consumer rights.

     

    Brochures help users acquire and develop knowledge and skills that will help them make the right financial decisions and achieve financial well-being based on personal and family needs and prospects.

     

    The electronic versions of the brochures are available both separately and collected as a book entitled "Financial Education Explained Simple Terms”.

     

    Documents available only in Georgian.

    Date:01 May, 2020
    Category:

    Financial and Economic Literacy in Schools – support academic material for civic education teachers

     

    Following its integration into the National Curriculum for Financial and Economic Literacy, the National Bank of Georgia developed support school materials for 7th grade civic education teachers, supported by of German Sparkassenstiftung for International Cooperation (SBFIC) and Civic Education Teachers' Forum.

     

    Financial and economic literacy issues intended for the basic level were merged into the discipline "Citizenship" under the new National Curriculum. Following the same curriculum, teaching started in 2019-2020 for the first time in the 7th grade and will continue in the following years, gradually, in the upper grades of the basic level. This support material was developed based on the annual curriculum of "Citizenship" discipline and aims to support teachers.

     

    The material covers all the economic and financial issues given in the 7th grade annual plan. These issues are:

     

    • Money and barter
    • Market (demand-and-supply) and price
    • Private and public property
    • Revenues, spending and budgeting (managing personal finance)
    • Saving and charity

     

    Worksheets for classroom activities and exercises and detailed instructions for teachers are enclosed to the study material. The material does not suffice with expanding/enriching theoretical knowledge, but also includes many practical tips and activities for lesson planning and conduct.

     

    Documents available only in Georgian!

    Date:21 February, 2020
    Category:

    Financial Education for Agricultural Business

     

    The National Bank of Georgia, with the involvement of the European Fund for South East Europe Development Facility (EFSE DF) and the Civil Development Agency (CIDA), developed a new financial education program for farmers and published a practical guide entitled Make Better Financial Decisions.

     

    The goal of the program is to support entrepreneurs involved in the agricultural sector to select the right financial product suited for their business needs and capacity and to make the right financial decisions.

     

    The manual and training module developed for the program, which in turn includes a guide and presentation for training of agro-entrepreneurs, is tailored to the needs of agribusiness.

     

    The financial education program for agriculture entrepreneurs uses a simple language and includes practical examples and tips to allow the audience to easily put theoretical skills to practice. The program also allows the entrepreneurs to independently identify the short- and long-term needs of the business, educate themselves in their own rights and responsibilities, learn how to increase the competitiveness of their business with energy-efficient investments and understand the importance of agriculture insurance.

     

    The manual entitled Make Better Financial Decisions was published as part of the program. Also, a guide and presentation for entrepreneur training were prepared. The material is available for free to any interested party.

     

    Documents available only in Georgian!

    Date:02 October, 2018
    Category:

    Financial Education for Entrepreneurs


    The National Bank of Georgia, in cooperation with the European Fund for South East Europe Development Facility (EFSE DF) and with the involvement of the Export Development Association (EDA), developed a financial education program for micro and small entrepreneurs within the framework of the Financial Education Year. The guide Micro and Small Business Handbook: Relations with Financial Institutions and Making Financial Decisions was published as part of the program. The program launched in July 2018. It entailed the training conducted by EDA experts in Akhaltsikhe and Tbilisi for entrepreneurs of Samtskhe-Javakheti and Kvemo Kartli regions.

     

    The goal of the program is to help micro and small business owners and prospective entrepreneurs acquire and develop the knowledge and skills to help them make the right financial decisions based on their own business needs and prospects. The manual and training module developed for the program is tailored to the needs of micro and small entrepreneurs.

     

    The program offers the entrepreneurs to learn about the sources of business funding and financial services, as well as business evaluation methods and key indicators used for this purpose. Additionally, the entrepreneurs can find out about their rights and responsibilities, independently determine the short- and long-term needs and solvency of the business and select the most suitable financial product. Participants also learn how to maintain financial accounting and effectively plan future actions to avoid risks.

     

     The program is designed in a simple language, easy to be comprehended by the target group and offers multiple examples, tips and case studies to help entrepreneurs easily put the theoretical knowledge to practice. The program guide is primarily aimed at micro and small business owners; still, the practical advice that it includes is relevant and helpful for owners of larger companies as well.

     

    The guide Micro and Small Business Handbook: Relations with Financial Institutions and Making Financial Decisions, sample financial statements (profit and loss account, balance sheet and cash flow statement), sample loan calculator are available for free to any interested party.

    guidebook-for-micro-and-small-enterprises-english.pdf
    cash-flow-statement.xlsx
    balance-sheet.xlsx
    loan-calculator.xlsx
    profit-and-loss-statement.xlsx
    Date:06 June, 2018
    Category:

    Educational Brochures for Young Generation

     

    The National Bank of Georgia, with the support of the European Fund for South East Europe Development Facility (EFSE DF), developed two educational brochures for schoolchildren – A Journey into the World of Money and Financial Education Guide, as part of the Financial Education Year.

     

     The target audience of the brochures is the students of V-VII grades; however, the material is interesting and informative for youngsters in general.

     

     The brochure A Journey into the World of Money guides young people through the history, forms, meaning and functions of money. It also provides information on the security features of lari, the Georgian national currency, as well as on foreign currencies and distinctive banknotes.

     

    The brochure Financial Education Guide introduces young readers to the issues of personal budget management, reasonable spending, savings and loans/borrowing.  The brochure additionally offers a simplified dictionary of financial terms and interactive exercises. The personal budget template given in this paper helps youngsters to manage their personal finance. Simple and practical financial tips are intended to help readers develop useful skills.

     

    The brochures come with a piggy bank paper template that will help young people develop a habit of saving.

     

    Documents available only in Georgian.