Introduction
The Mexican Secretariat of Finance and Public Credit (SHCP), in collaboration with the Financial Education Committee, has launched the National Financial Education Strategy 2025-2030. This initiative aims to encourage savings and decrease gender and vulnerability group disparities in the country.
Key Figures and Relevance
Under the leadership of Édgar Amador Zamora, the SHCP has designed a plan to equip Mexicans with essential tools for making better financial decisions and building a more secure future. This strategy focuses on fostering savings habits, managing unexpected expenses without incurring debt, preventing over-indebtedness, planning retirement with certainty, and ensuring safe use of digital financial services.
Alignment with National Policies
The new strategy aligns with the National Development Plan and the recently presented National Financial Inclusion Policy. It also integrates digital financial education, ensuring Mexicans can effectively utilize new technologies without falling prey to risks.
Six Strategic Objectives
- Promote financial education in both formal and non-formal educational systems: Encourage savings habits, planning, and responsible consumption from an early age.
- Develop financial capabilities, including digital skills: Empower individuals to safely use financial products, especially in digital environments.
- Strengthen the dissemination of financial education campaigns and protection mechanisms for savings: Enhance awareness and safeguard individuals’ assets.
- Expand understanding of financial products and services: Particularly among small and medium-sized enterprises (SMEs) to prevent over-indebtedness and promote informed decisions.
- Promote sustainable financial education: Equip individuals with tools to address climate change challenges.
- Consolidate inter-institutional and international coordination in financial education initiatives: Enable the government to act efficiently, cohesively, and with measurable outcomes.
Key Questions and Answers
- What is the main goal of this strategy? The primary objective is to foster savings habits and reduce financial inequality by equipping Mexicans with essential tools for making better financial decisions.
- How does this strategy align with existing national policies? The National Financial Education Strategy complements the National Development Plan and the National Financial Inclusion Policy, ensuring a cohesive approach to financial well-being.
- What are the six strategic objectives of this plan?
- Promote financial education in formal and non-formal educational systems
- Develop financial capabilities, including digital skills
- Strengthen the dissemination of financial education campaigns and protection mechanisms for savings
- Expand understanding of financial products and services, particularly among SMEs
- Promote sustainable financial education
- Consolidate inter-institutional and international coordination in financial education initiatives
