Training on “Financial Literacy for Migrant Workers and their Families”

The Forum des Organisations de Solidarité Internationale Issues des Migrations (FORIM) a French federation of associations of migrant workers, and the International Labour Organization jointly organize a training of trainers (ToT) in Paris (France) in December 2013.

The ILO works both on the demand and supply sides of financial services in order to appropriately address the needs of migrant workers and their families. This dual method reflects a rights-based approach to remittances, which strengthens the capacity for migrant workers and their families to make informed financial decisions and further influences income generating activities and sustainable opportunities. Improved financial education as well as financial inclusion both enhances the welfare of low-income households as well as support enterprises and job creation and remains a way forward towards development.

With the help of the International Training Centre in Turin, the ILO has developed a financial education training toolkit which will be utilized in this series of Training of Trainers (ToT) workshops to develop the knowledge and skills required for responsible budgeting, spending, saving, borrowing, and investing. The event will bring together fifteen participants (nearly 80% of women) from various migrants associations from Africa (Central African Republic, Ivory Coast, Democratic Republic of Congo, Gabon, Morocco, Mauritania, Senegal and Tunisia), the Caribbean (Haiti) and Asia (Indonesia, Cambodia) in order to contribute to comprehensive actions towards financial security.

The training activities will take place for 7 days with two ToTs and one refresher training in Paris with the intention to continue this initiative in the future. While the attendees of the actual training is limited, the dissemination of knowledge and skills thereafter to migrant workers and their families is vast which makes this ToT endeavor a vital component to the role in which financial education plays in the lives of migrant workers and their families.