About Conference

A number of NGOs in Kyrgyz Republic, namely, Development Policy Institute, Kyrgyz Stock Exchange Press Club, Alliance for Transparent Budget, Club of Private Investors, under the support of State Service for Supervision of Financial Markets of the Kyrgyz Republic initiate to arrange and conduct the First International Forum tentatively entitled "Financial literacy of population and economic journalism as a factor of stability and the fight against poverty” under the auspices of the Kyrgyz Republic.

Goals of the Conference:

  • Experience exchange on education the general public on economic and financial literacy;
  • Exchange of experience on implementation of non-governmental programs to improve financial literacy;
  • Development and implementation of government programs on teaching public the financial and economic literacy;
  • Exchange of information about the state of economic journalism, the search for new forms and ways of its development;
  • Development of recommendations to improve the coverage of the economy in the mass media.

As potential participants of the Conference the representatives of government agencies, the media and NGOs in Kyrgyzstan, Kazakhstan, Tajikistan, Russia, France, Czech Republic, Georgia, Azerbaijan, Belarussia and Ukraine can be considered.

Conference took place on October 7 -8, 2011 in Kyrgyzstan on the shore of the Issyk-Kul lake - hotel "Ak Maral" (Baet village, Issyk-Kul Oblast).

 

BACKGROUND

At present, the Kyrgyz Republic, as well as for other countries with economies in transition, it becomes extremely urgent problem of improving the economic literacy of the population. Economically illiterate population is not able to fully utilize the opportunities provided by market economies, to take decisions that improve their financial situation. All this adversely affects the economic growth of the country as a whole. But the worst is not it - the lack of mass knowledge about the economy, the financial literacy of the poor creates favorable conditions for political instability.

Hyperactivity of the people in the political arena is caused by his ignorance. People see the unequal distribution of wealth, but do not understand its causes. Maximum access to public wealth receive the most informed and educated members of society. All of the poorest countries are particularly common features from the rest of the world: 1) the population does not understand the market economy, cannot use financial services (particularly credit) market, is not involved in the redistribution of the world's financial resources, 2) hyperactivity in the population policy, the country is regularly shaken political crises, and 3) there is the greatest separation between the richest and the poorest. In other words, poverty is generated by illiteracy, poverty, insecurity is generated. In Japan, for example, the state is engaged not only adult education financial issues, but also to constantly inform each Japanese farmer, what kind of policy on the market he has to choose to achieve commercial success. Where awareness, where the correct choice, there is stability.

Negotiation with colleagues from Central Asia and Caucasus suggest that similar problems to the same extent relevant to Kazakhstan, Tajikistan, Uzbekistan, Turkmenistan, Armenia, Georgia, Azerbaijan and Moldova (quiz at the international conference "20 years of the Berlin Wall fell," November 2009, Kiev).

At the same time in these countries, as in Kyrgyzstan, the single attempts made to influence the situation. Some experience is in Pakistan, Egypt, the Baltic countries and Eastern Europe. Thus, we can conclude that the problem is global and affects the living standards of these countries. Problem illustrates the words of former World Bank President James Wolfensohn: "Over 1.2 billion people on Earth are less than one dollar a day ... To overcome poverty, to facilitate access to information and significantly improve its quality. Knowledgeable people to easily make the right choice ...». There is a need to combine efforts, share experiences and to search for further implementation of successful forms of improving the financial and economic literacy of the population through the media, NGOs and governments.
 

Organizers:

  • The State Service of Regulation and Supervision of the Financial Market of the Kyrgyz Republic
  • Development Policy Institute
  • Kyrgyz Stock Exchange Press Club
  • Club of Private Investors

Partners:

  • CIPE
  • Soros - Kyrgyzstan Foundation
  • Organization for Security and Co-operation in Europe