School on Financial Literacy and Financial Security for Women in the BRICS Countries

Financial literacy of the population is of particular importance for making the right decisions regarding the use of money. Unfortunately, there is a problem of low financial literacy and high levels of fraud in the BRICS countries. Therefore, both public and private organizations are developing programs to eliminate it.

A high level of financial literacy and culture implies an increase in the income and well-being of all citizens. Financially literate people are more protected from the financial risks of unforeseen economic situations.

The School of Financial Literacy and Financial Security for Women in the BRICS countries is a unique project developed by Russian experts in financial literacy and security, which provides women in the BRICS countries with proper knowledge and skills to be able to:

• -to carry out personal financial planning, maintain an optimal personal budget
• -to take loans wisely and pay them rationally
• -to make effective investments
• -to be a conscientious taxpayer
• -to manage financial risks
• -to choose the right and most profitable insurance products;
• -to make good use of pension provision
• -to protect themselves from financial fraudsters

The project includes a series of training programs on financial literacy, security, investment behavior in financial markets. The Courses will contain a combination of lecture-style videos and test assignments

The online Courses will be posted on the BRICS Women’s Business Alliance Platform.

Project’s leader: Liudmila Popova, Professor, Head of the Department of Economics, Finance and Accounting of Orel State University named after Ivan Turgenev.