OECD/INFE Core Competencies Framework on financial literacy for MSMEs

Abstract

This document contains a core competencies framework on financial literacy for micro, small and medium-sized enterprises (MSMEs) and potential entrepreneurs, developed by the OECD International Network on Financial Education (OECD/INFE). The framework is a policy tool that highlights a range of financial literacy outcomes that may be important to sustain or improve the financial literacy of owners and managers of MSMEs and of potential entrepreneurs in their experience of starting, running or growing a business. It is a high-level international tool that policy makers, programme designers and other stakeholders can adapt to the circumstances and context of their economies, recognising that not all entrepreneurs in all countries and industries may need or exhibit each competency. This framework builds upon and complements the OECD/INFE Core Competencies Framework on Financial Literacy for Youth (2015) and the G20/OECD INFE Core Competencies Framework on Financial Literacy for Adults (2016), developed in response to a G20 leaders' call. The overall structure and content of the framework was approved by the OECD/INFE in Paris in May 2018.