VI. Recommendations on Financial Literacy Programs for SMEs*
Given the pronounced need for financial education for SMEs, APEC economies should consider the following:
- Conducting an assessment of the financial literacy of SMEs in their economy to gauge their needs.
- Conducting an assessment of existing financial education programs for SMEs offered by public and private sector organizations.
- Developing and implementing a national strategy for financial education. If one already exists, developing a framework for providing financial education for SMEs within the strategy.
- Developing a financial education package tailored to SMEs that is easily distributable and available online.
- Working with financial institutions and other organizations to provide financial literacy trainings for SMEs.
- Share best practices on financial literacy programs for SMEs among member economies.