India hosts fourth International Financial Education Summit

New Delhi, Dec 6 (UNI) Experts from 30 countries met here today at the Citi-FT Financial Education Summit 2007 to discuss ways to increase financial literacy levels among disadvantages and low-income groups.

This summit, now in its fourth year, is themed 'Partnership for Progress and Inclusion' and will continue tomorrow.

''Financial education is one of Citi's highest priorities, and it is especially important for disadvantaged and low income communities. Teaching people how to save, spend, invest, borrow and manage their finances wisely improves individual financial well bieng and quality of life,'' Citi Asia Pacific CEO (Global Consumer Group) Stephen Bird said.

The two-day conference will examine the reasons of financial literacy playing a critical role in promotion of sustainable economic development.

The summit is organised by Citi, the Pearson Foundation and the Financial Times.

UNI