The Effectiveness of Short-Term Financial Education Workshops in Rural Areas: The Case of Armenia

For policymakers, choosing the right format for financial education projects can be a challenge.

Classroom workshops are one of the most practical methods but doubts have been raised recently about how effective they are. A randomized control trial was conducted to assess the effectiveness of financial education classroom workshops in rural areas of Armenia, and the short-term results of that assessment are presented in this case study.

Highlights of the case study include:

• How classroom workshops improve short-term financial resilience, trust and preference for formal savings
• Why financial education and literacy workshops are effective across age groups, and income and education levels

Download the case study to learn more about measuring the effectiveness of financial education workshops.