2014 ─ GMW Report 2014 by Child & Youth Finance International

Report 2014

Global Money Week Report 2014

Global Money Week 2014

Contents Introduction...............................................................................................................................................................................................................................................................................................5 Chapter 1: Facts and Figures on Global Money Week...............................................................................................................................................................................................7 Chapter 2: Social Media...................................................................................................................................................................................................................................................................8 Chapter 3: Global Forces Unite...................................................................................................................................................................................................................................................9 Chapter 4: Youth Talks....................................................................................................................................................................................................................................................................15 Chapter 5: Overview of Global Money Week Activities........................................................................................................................................................................................19 Chapter 6: Learning by Doing....................................................................................................................................................................................................................................................21 Chapter 7: Country Overviews..................................................................................................................................................................................................................................................31 Chapter 8: Civil Society................................................................................................................................................................................................................................................................151 Chapter 9: Financial Institutions..........................................................................................................................................................................................................................................161 Thank you!............................................................................................................................................................................................................................................................................................165

Global Money Week 2014

Introduction 3 million children. 118 countries. Over 2000 activities. 490 organizations. Global Money Week 2014 saw the world rise to the challenge of Reshaping the Future of Finance. When was it?

Global Money Week is held in the 2nd week of March annually. This year it fell in-between 10th-17th March 2014.

What is it about?

Global Money Week encourages children around the world to unite their voices in support of financial inclusion and financial education, to take action and expand their knowledge, and to engage with the financial issues that affect them the most. Through fun and participatory activities events children and youth learn about creating livelihoods, gaining employment and entrepreneurship.

Why is it important?

Children and youth are the ones who can reconstruct the future of finance. If we equip them with the necessary resources and knowledge – such as financial inclusion and education - they will have the tools necessary to dismantle the poverty trap. Global Money Week provides organizations around the world with an opportunity to equip the children and youth with these tools in a fun and interactive way.

Who took part?

3 million children and youth were reached through 2004 activities in 118 countries during Global Money Week 2014. The activities were organized by central banks; governmental bodies; financial institutions; international and national NGOs; multilateral organizations; and pre-primary, primary, secondary and tertiary educational institutions. Global Money Week 2014 was the first time that some of these multi-sectorial organizations have worked together. Many of them have now committed to collaborate in building national

platforms to increase financial education and financial inclusion for children and youth. Child and Youth Finance International (CYFI) coordinated the participation of all organizations in Global Money Week.

What kind of activities took place?

Educational board games, participatory drama performances, interactive workshops, entertaining visits to banks, stock exchanges and money museums are just a few of the activities that were organized.

Global Money Week Report 2014

In this report, we will highlight the most successful and inspiring events from around the world. We will also provide a summary per country as well as an overview of the NGOS, organizations and financial institutions that have carried out multi-national initiatives.

Chapter 6 showcases exciting examples of these activities from various countries. Chapter 7 is dedicated to one-page per country that was involved in Global Money. Chapter 8 describes Civil Society’s international involvement in Global Money Week. Chapter 9 details financial institutions’ involvement with the child and youth finance Movement and Global Money Week.

Chapter 1 is dedicated to providing facts and figures about Global Money Week 2014. Chapter 2 shares Global Money Week’s social media highlights.

Chapter 3 highlights interactive international Global Money Week activities. Chapter 4 summarizes the educational and inspirational

Youth Talks.

Chapter 5 provides an overview of the types of activities which took place during Global Money Week. Global Money Week 2014

Global Money Week 2014

Chapter 1

Facts and Figures on Global Money Week 118 countries

Global Money Week celebrations took place in 118 countries, including: Albania, Armenia, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bhutan, Bosnia & Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, Chinese Taipei, Colombia, Costa Rica, Croatia, Democratic Republic Of The Congo, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Fiji, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Guatemala, Haiti, Honduras, Iceland, India, Indonesia, Ireland, Italy, Jamaica, Kazakhstan, Kenya, Kosovo,Kyrgyzstan, Latvia, Lebanon, Lesotho, Lithuania, Macedonia, Malawi, Malaysia, Maldives, Mali, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Namibia, Nepal, Netherlands, Nicaragua, Nigeria, Pakistan, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russia, Rwanda, Samoa, Saudi Arabia, Senegal, Serbia, Sierra Leone, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Tajikistan, Tanzania, Thailand, Togo, Tunisia, Turkey, United Arab Emirates, Uganda, United Kingdom, Ukraine, Uruguay, United States Of America, Venezuela, Yemen, Zambia, Zimbabwe

3 Million Children

This year Global Money Week reached 3 million children. Whether at schools, local financial institutions, parks, libraries or online. This outreach was made possible due to event organizers around the world. These organizers ensured that as many children as possible were reached. Technology boosted numbers further when websites, online games and online marketing provided access to children who were unable to attend live events.

490 Organizations

Central banks, Ministries of Finance and Education, academics, international and national NGOs, financial institutions, the mediaâ&#x20AC;Śall were involved in celebrating Global Money Week.

Global Money Week 2014

Chapter 2

Social Media Social Media

The social media sphere was abuzz with global news of fun financial education and inclusion activities during Global Money Week. With just over 12 000 tweets circulating across the world everyone was sharing their news and views. Using Twitter, Facebook and Google+ proved to be an excellent way for Global Money Week’ers to chat and share ideas furthering the Movement in an informal and relaxed setting.

DreamsBank

DreamsBank is an online campaign that was launched during Global Money Week with an aim to encourage youth to participate in shaping the Post-2015 Development Agenda. The campaign supports the following points: ● bank accounts for youth aged 12-18; ● Economic Citizenship Education in school curriculums; ● government programs to prevent youth unemployment; ● tax benefits for youth and companies to dedicate 2% of their revenue to the social development of youth During Global Money Week around 5000 youth and children shared their view on why their financial education and inclusion should be included in the Post-2015 Development Agenda.

Global Money Week 2014

Chapter 3

Global Forces Unite Global Money Week is a chance to expand and strengthen the child and youth finance Movement’s network, as well as a time when children and youth from across the globe can connect in a relaxed and sociable setting. Through ‘ring the bells’, VIP talks, Video Chat Café’s, Youth Chats with CYFI Secretariat, webinars, social media, and the DreamsBank online campaign children and youth from around the globe shared, discussed and learned from financial experts (and each other!) about financial matters.

Ring the Bell!

Many of the world's leading stock exchanges participated in Global Money Week 2014 as a symbolic commitment to young people, their dreams, and their financial futures.

The stock exchanges which rang their opening and/or closing bell in honor of Global Money Week were: Bangladesh - Dhaka Stock Exchange Belgium - Brussels Stock Exchange (NYSE/Euronext) Brazil - BOVESPA Egypt - Egyptian Exchange France - Paris Stock Exchange (NYSE/ Euronext) Iceland - Iceland (Nasdaq/OMX) Kenya - Nairobi Stock Exchange Lithuania - Vilnius Stock Exchange (Nasdaq/OMX) Macedonia - Macedonia Stock Exchange

Malaysia - Bursa Malaysia Moldova - Moldova Stock Exchange Mongolia - Mongolia Stock Exchange Netherlands - Amsterdam Stock Exchange AEX (NYSE/ Euronext) Nigeria - Nigerian Stock Exchange Portugal - Lisbon Stock Exchange (NYSE/Euronext) South Africa - Johannesburg Stock Exchange Sweden - Stockholm Stock Exchange (Nasdaq/OMX) Thailand - Thailand Stock Exchange United Kingdom - London Stock Exchange

Activities included the youth’s participation in the “ringing of the bells" to open and/or close the day's trading, financial education workshops, dialogues, and guided tours. Youth enjoyed this unique opportunity to speak with exchange executives, to share their views and opinions, and have their voices heard.

Global Money Week 2014

VIP Talks

Children and youth had the chance to speak directly to policymakers on the financial issues that matter to them most. They also had some of their key questions answered. VIP Talk with Alejo Ramirez, Secretary General Organización Iberoamericana de la Juventud in Spain 10 March Mr. Alejo Ramirez (the Secretary General of the IberoAmerican Youth Organization) led a discussion about how despite the large number of problems that youth in Latin America face, such as unemployment, he is encouraged by their positive outlook for the future. He wants to ensure that they are prepared to develop the skills necessary to build this positive future. VIP Talk with Chris Temple, Co-founder of Living on One 11 March A group of youth from Amsterdam had a great chat with Chris Temple, co-founder of Living on One, the production and social impact studio that creates films and educational videos to raise awareness and inspire action around extreme poverty. They shared insights of what money is and what it means in different parts of the world.

VIP Talk with David Wright, Secretary General of IOSCO 14 March The Secretary General of IOSCO, Mr. David Wright, talked to youth groups from Turkey, South Africa and Colombia. They discussed the importance of including financial education into their schools' curriculum. Mr. Wright recommended that youth should always be fully aware of the terms and conditions of the bank accounts and stressed the importance of financial services providers becoming more “childfriendly”.

VIP Talk with ATM Mohiuddin Ahmed, Joint Secretary at the Ministry of Primary and Mass Education, Bangladesh 20 March ATM Mohiuddin Ahmed had an interesting discussion with youth and representatives from multi-sectorial organizations. The main topic of discussion was the World Bank’s current work on the topic of child and youth finance as well as the importance of addressing unemployment and livelihoods in the Post-2015 development agenda.

VIP Talk with Christine Graeff, Director of General Communications & Language Services of European Central Bank 17 March Youth from Kyrgyzstan, the Netherlands, Norway, Romania, Tajikistan and Ukraine, most of whom had attended the 2nd Annual CYFI Regional Meeting for Europe and Central Asia at the ECB in November 2013, had the opportunity to speak with and ask questions to Ms. Graeff. They had a dynamic discussion which was a great way for the youth to reconnect with the ECB since last year’s Regional Meeting.

Video Chat Cafés

VIP Talk with Geraldine Partington, Miss Malaika Ghana 2011 14 March Students from the Nyeri High School in Kenya had fun chatting to Miss Malaika Ghana 2011. They spoke about the importance of savings and entrepreneurship opportunities in Kenya and Geraldine stressed the importance of perseverance and being focused on education as well as on your economic goals in order to be successful.

VIP Talk with Mr. Mahmoud Mohieldin, the Special Envoy to the President of the World Bank on the Post 2015 Development Agenda 18 March Mr. Mahmoud Mohieldin, the Special Envoy to the President of the World Bank on the Post 2015 Development Agenda was joined by Emmanuel Muyumba and Matilda Mwellwa, Youth Coaches from GrassrootSoccer in Zambia, along with Muhammed Kisirisa, Basan Mutawi and Benjamin Faivovich, International Youth Foundation Youth entrepreneurship fellows from Uganda, Egypt and Chile respectively.

VIP Talk with Juan Simoes Iglesias, Secretary General of YMCA 14 March Youth from Nigeria Aegis Empowerment Initiative enjoyed the opportunity to speak with Mr. Juan Simoes Iglesias, Secretary General of YMCA about education and youth empowerment issues.

The young people voiced their concerns about youth financial capability to Mr. Mohieldin who explained how the World Bank was working to support financial education efforts in Africa and other parts of the world. They were also able to discuss how the World Banks’s Post-2015 development agenda can best serve the needs of young entrepreneurs in Africa and Latin America.

Children and youth from around the world were connected through Video Chat Café sessions. From across the globe they told each other about their Global Money Week celebrations, asked each other questions about their daily interactions with money, shared their goals and aspirations with one another, showed each other their currencies, and chatted about their entrepreneurial activities. Through their positive feedback children and youth remarked on how much they enjoyed learning about each other’s cultures, languages, as well as spending and savings habits. Most importantly, they enjoyed seeing other countries celebrate and knowing that their celebration was part of a global movement. Estonia – Switzerland 10 March 15 students from Retla School, Estonia, participated in a Video Chat Café together with 13 children from International School Rheintal, Switzerland. The youth shared their thoughts on savings, entrepreneurship, spending and banking. Nicaragua – Puerto Rico – Colombia 13 March A video-conference was organized between Nicaraguan, Puerto Rican, and Colombian pupils to chat about their views on ‘the future of children’.

Global Money Week 2014

Nigeria – UK 14 March Aegis Empowerment Initiative from Nigeria and My Money Charity from the UK connected two groups of children from their respective countries to chat about their view on savings and budget planning. Romania – South Africa 14 March A group of 70 youth from the KwaZulu-Natal Financial Youth Association took part in a Video Chat Café on 13th March with students from Romania. During the talk they had fun learning about the financial habits and context of each other’s countries. Spain – El Salvador 14 March Students from the IE Business School in Spain spoke with students from The National University in El Salvador, and the Catholic Relief Service (CRS). They shared their experiences about saving money. The 3 groups reconnected the following week for a webinar where the students from El Salvador prepared a crowdfunding presentation for the IE students and the CRS. Portugal – Puerto Rico 14 March Students from Nuestra Escuela Puerto Rico had fun connecting with a group from PAU Education in Portugal as one of their Global Money Week activities.

Google Hangouts with CYFI Secretariat

Children and youth from Portugal, Kenya, Romania, UK and Columbia, as well as financial experts from the Americas chatted to representatives from the CYFI Secretariat about finance, savings and entrepreneurship. UK Youth - CYFI Youth Coordinator 11 March Youth from the King Fahad Academy in the UK talked about starting their own businesses!

Global Money Week 2014

Financial Experts - CYFI Americas Regional Coordinator 12 March CYFI had the opportunity to share a Google Hangout with Smart Consumer, MasterCard Worldwide’s financial education program. The Hangout was joined by the National Knowledge Service from Colombia (SENA) and Dividendo por Colombia, the Colombia representative for United World Way Worldwide. The objective of this initiative was to discuss how children and youth can learn to manage their money responsibly and make intelligent financial decisions from an early stage in life. The Hangout provided valuable information for each stage of life while encouraging sound money management habits. Romanian Youth - CYFI Youth Coordinator 12 March Students from Transylvania College in Romania talked about the importance of bank accounts for young people. CYFI Education Coordinator – Portuguese Youth 13 March Portuguese Students from Escola Secundária spoke about how if they are financial responsible they can positively impact their communities. CYFI Youth Coordinator – Kenyan Youth 14 March Group of students from Jomo Kenyatta University discussed issues related to money, savings in the young age and youth entrepreneurship. CYFI Youth Coordinator – Colombian Youth 17 March Students had fun telling CYFI’s Youth Coordinator what they know about money and finance, games that they used to learn, and what kinds of businesses they want to start.

Webinars

The public was invited to attend webinars cohosted by CYFI and financial institutions. This was a time for topics to be discussed in depth. The topics of the webinars were financial services for youth, how microfinance can be more inclusive to youth, and an assessment of the ways in which youth are learning to manage their money responsibly. Financial Services for Youth in Latin America Participants: CYFI Education Coordinator; Catholic Relief Services (CRS); Caritas; Freedom from Hunger (FFH); Nuestra Escuela; and Aflatoun 12 March The webinar’s topic was financial services for youth in Latin-America and was hosted by Child and Youth Finance International (CYFI). Representatives from CYFI, CRS and FFH began the session by introducing the concepts of savings and financial services from their own methodological perspective. For example, CRS spoke of their Savings and Internal Lending Community (SILC) program while FFH discussed the impact of their Advanced Integrated MicroFinance (AIM Youth) program. This then sparked a debate between all participants on their views of these programs and their preferred way of implementing financial services initiatives. The aim of the webinar was to assess the impact of their different youth related programs and build a stronger collaboration at a local and regional level. The discussions held during this webinar catalyzed a second webinar held on the 14th March where the youth took the lead in sharing their experience of these programs. This was the beginning for a new regional alliance for civil societies and an e-learning space for their young members. How can microfinance be more inclusive to children and youth? Participants: BRAC Tanzania, CYFI Financial Inclusion Manager; and Microcredit Summit Campaign 12 March On Wednesday, March 12th in celebration of Global Money Week 2014, Child and Youth Finance International (CYFI) and its partner, the Microcredit Summit Campaign, co-

hosted a webinar that explored how microfinance can be more inclusive to children and youth. A small but increasing number of MFIs now offer financial and non-financial services to children and youth. By doing so, they are building the next generation’s capability to save, build assets and, if needed acquire microloans to support their livelihood activities. The webinar featured Mr. Walid Ahmed from BRAC Maendeleo Tanzania, who introduced the “Empowerment and Livelihoods for Adolescents” program. The program works to socially and financially empower youth (age 11-19), mostly girls, by combining life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. Taking from the example of BRAC, key challenges around child and youth inclusiveness of microfinance were discussed with Mr. Larry Reed, Director of the Microcredit Summit Campaign. As the Campaign focuses on ending extreme poverty, what is the role of financially including children and youth? View the video of the webinar: www.youtube.com/watch?v=CB0P3q4ysHk Youth Discussion between Latin American Countries Participants: CYFI Education Coordinator 14 March A youth discussion between youth from 7 countries in Latin America was organized by CYFI’s Education Coordinator after the youth who were involved in the Global Money Week webinar on the 12th March showed an interest in discussing their experiences further. The youth were brought together over Webex to share their savings experiences and their opinions on their involvement in the different programs. The discussion centered on their positive experiences with technology based financial education programs. They expressed their desire to be involved in more peer-to-peer and creative (such as games and multi-media platforms as opposed to text books and traditional lessons) financial education programs. CRS arranged for young children from Nicaragua to join in on the discussions so that they could learn savings tips from the older students.

Banking a New Generation Participants: CYFI Financial Inclusion Manager, Ms. Anna Zanghi, MasterCard 17 March CYFI co-hosted a webinar with MasterCard that presented their co-authored brand new Guide “Banking a New Generation. Developing Responsible Retail Banking Products for Children and Youth” (March 2014). The Guide has been developed for leading national and international ﬁnancial institutions with an ability to drive significant outreach to children and youth. It is intended to help decision makers, product owners and all stakeholders in the product development process understand the impact of working with children and youth, and to provide guidelines on how to develop appropriate innovative banking and payment products, while respecting and supporting children’s rights. CYFI and MasterCard highlighted the Guide’s 3 parts: 1. advocacy, outlining the importance of investing in children and youth. 2. guidance on children and youth focused product development, helping product development professionals understand young consumers’ needs and wants. 3. Presentation of several banking products and related programs that are offered by ﬁnancial institutions across the globe. Watch the webinar here: www.youtube.com/watch?v=TBjmSRmgegM

Global Money Week 2014

Chapter 4

Youth Talks During Global Money Week 2014, the CYFI Secretariat initiated Youth Talks for the first time. The Youth Talks connected inspiring experts and youth at schools, organizations’ centers, over Google Hangouts and universities, and spurred discussions on financial inclusion, entrepreneurship and financial literacy ideas. The talks were initiated by financial professionals, academics or by youth themselves. Several of these presentations were integrated into the general Global Money Week activities, such as at the University of Reykjavik in Iceland and at the Youthtech Salon, organized by Intermedia and Making Cents in the United States. Several others were held individually and are described below. Kansas State University, USA On the 11th March, the Powercat Financial Counseling department at Kansas State University presented on a financial tool they called SaltMoney.org. SaltMoney.org ($ALT) is a robust, interactive tool created by non-profit American Student Assistance with videos and tools on a variety of financial topics including student loans, credit, budgeting, job negotiating, identity theft, and so on. All students and alumni can access the personal finance component for free. Watch the video: www.k-state.edu/pfc/workshops/salt.html Limburg Catholic University, Belgium The Education & ICT [ED+ict] research group from Limburg Catholic University College (KHlim) organized a Youth Talk with 20 education students on campus. SKILLVILLE is an online media tool built to enhance youth’s key competencies. In the presentation, a teacher represented a school where all the 600 students play SKILLVILLE. KHlim’s education students are developing cases to enhance financial literacy for their class-mates so that they are empowered to enrich their

future-students’ secondary education. Learn more: www.skillville.be Playmoolah, Singapore “The biggest misconception that people have is that investing requires huge capital to start off with. That is wrong because small amounts invested regularly can grow into meaningful wealth.” – Chong Ser Jing, Co-author of InvestLah! Playmoolah organized a session with the authors of popular Singapore-themed Investment book titled InvestLah!, Chong Ser Jing, Ting Wei Lin and Sudhan P. The trio discussed the elusive topic of investment into bite-sized chunks which any one can understand and take action on. Youth who attended the event received the opportunity to not only ask all of their investment questions but to get them answered in an energetic and interesting way as well! Learn more: www.meetup.com/HonestyCircle/events/168881092 Universidad Nacional Autónoma de México (UNAM), Mexico Universidad Nacional Autónoma de México (UNAM), participated in Global Money Week by raising awareness on the national survey on financial culture. The Coordinator of the Center of Public Opinion Studies, Faculty of Political and Social Sciences, presented the preliminary results. This pilot study, which UNAM is working on in collaboration with Banamex, is the first ever national questionnaire being conducted in Mexico which assesses savings, credit and entrepreneurship among youth. Hacettepe University, Turkey A manager of Turkey’s Halkbank and a financial specialist presented to 80 second year college students of the

Hacettepe University, Department of Family and Consumer Sciences in Ankara, Turkey. He presented on financial issues, bank accounts, saving and investment, using credit card, financial instruments and financial literacy. He also answered the questions of students. The guest lecture shared materials about the bank with the students. CEDICE Libertad, Venezuela Centro de Divulgación del Conocimiento Económico para la Libertad (CEDICE Libertad) organized an exciting initiative during Global Money Week, as they participated in a Youth Talk. In Venezuela, youth from the Universidad Bicentenaria de Aragua gathered to discuss a variety of topics at the university to attend a presentation of a CEDICE’s economist. Discussion topics included the importance of saving and how savings and development are related. Volunteers from the program "Economy for Youth" also put together a series of informative videos on these topics. Throughout GMW CEDICE worked with almost 1000 children and youth. Cairo University, Egypt The Faculty of Economics and Politics at Cairo University held a seminar on "The relevance of financial education interventions" as part of the "Banking sector simulation model" engaging students of the school in an in depth discussion. EARTH, Costa Rica Costa Rica EARTH planned 3 Youth Talk activities in a 3 day long conference-type event during Global Money Week. Primary school pupils were taught on the importance of saving and reasons of saving by San Diego- EARTH in Costa Rica. After the lesson the pupils made a piggy bank each using recycled materials. At EARTH University a tutor taught a group of 15 students on employment opportunities around the University, employment rights and how to save their Global Money Week 2014

salaries. On the third day of the conference another tutor worked with 15 students on budgeting, its importance, as well as how to follow and respect your budget. The following Youth Talks were organized and reported on by the youth themselves: King Fahed Academy, United Kingdom, written by Veronica Gracias On 11th March 2014 we participated in an oral discussion via Google Hangouts. We were initially connected to peers in Slovenia to debate and confer about differences in spending habits in the United Kingdom and Slovenia. Amongst us in the UK we were four students currently studying the International Baccalaureate Diploma Programme, Mohamed Omar, Yaseen Boumenar, Omima Elmattawa and Manal Malik. During the course of the enlightening talk we were connected to Kimberly DeRose, Youth Coordinator at CYFI, where we began discussing the different values and importance of money across the globe. Moreover, we elaborated on issues people have with trusting banks and accessing them in rural areas. Our Video Chat Café call was a new and constructive experience for us all. Zhytomyr City Liberal Arts High School, Ukraine, written by Yulia Frolova Bored in school, failing classes, at odds with peers: This child might be an entrepreneur… In my Youth Talk I encouraged my peers to start building a network of fellow entrepreneurs that understand their passions and don’t feel guilty about always chasing them. I think we have an obligation as a society to start teaching kids the meaning of the old parable: "If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime." If we can teach kids to become entrepreneurial – especially the ones that show a natural talent - like we teach the ones who have science gifts to go on in science, what if we saw the ones who had entrepreneurial traits and taught them to be entrepreneurs? We could actually have all these kids spreading businesses instead of waiting for government handouts.

Global Money Week 2014

Instituto de Empresa Madrid, Spain/Universidad Nacional de El Salvador, written by Eric Cuevas Two students from Spain had a talk with agricultural engineering students from el Salvador. They talked about financial literacy and specifically about one technique that is used in el Salvador: El autoahorro. This method has enabled students to save money, to invest it in projects or to lend it at a really low interest to the members of the auto ahorro community. The CYFI Education Coordinator and Mabel Guevara, from Catholic Relief Services, conducted the talk and make the students make the most out of it. Colegio Técnico Tomás Rueda Vargas, Colombia, written by Jose David 30 students gathered for a Youth Talk on the development of financial knowledge and managing personal finances.This was a ‘youth to youth’ session were students carried out a series of talks relating to savings, the importance of saving, business, entrepreneurship, and more. This talk was aimed to be used to motivate a savings culture for children and youth as a means to break the cycle of poverty. The central theme of the discussion was financial knowledge as a way to achieve your dreams, such as through planning, saving, and organizing personal finances from childhood to adolescence. This was an ideal way to communicate with young people on a global level to talk about personal finances and the role that we play to positively transform out countries. This gave the chance for integration and learning. Luis H. Bouroncle, Peru, written by Jhose Adolfo As part of the activities during Global Money Week, my sister Crysthel has worked at the Institute of Youth on workshops for Environmental Educatio. More than 300 young people received information about the importance and value of money. They were also shown how banks work, which financial products exist and how youth and children can access these services. The workshop was held in the Honorio Delgado Espinoza Institute in the city of Arequipa, for young people who are about to finish their technical career and who want to start a business linked to the profession they studied. The workshop

focused on exit strategies out of poverty and how to combat youth unemployment. We also presented our youth entrepreneurship training program "Building a Dream", with the support of Thunderbird University in the United States and the mining company Cerro Verde in Arequipa, Peru. After completing the course the youth received a certificate from the American college and they now have a business plan with which they use to battle the issue of youth unemployment in Peru . Bobirwa JSS and Matshekge Hill School, Botswana, written by Gaone Madingwane A group of young people from Botswana held various talks in their schools and in community gathering places. They spoke to their peers about the importance of saving and the steps they can take to start their own businesses. The group encouraged their peers to participate in a “market day” which the youth organized on Saturday 15th. The children set up stalls and displayed some products for sale. They all got a chance to present their product, and then they visited each other's stalls and bought from each other. Bogazici University, Turkey, written by Kazim Hacirci Three of our volunteers from İzmir Gokhan Görkem Arpakçı gave 3 talks to university students on financial education and entrepreneurship. The groups had 59, 172 and 35 students, respectively. Similarly another volunteer organized a meeting with 12 young people, while another delivered a youth talk to 16 other youth.

Global Money Week 2014

Chapter 5

Overview of Global Money Week The creativity and scope of Global Money Week activities in all countries was boundless. Information from around the world is still flowing in, and the information on the Global Money Week website is being constantly updated. Below is a short summary of the diverse types of activities which took part around the world: Visits to banks - Children and youth visited banks and other financial institutions to learn about how they work! Ring the bell - Children and youth visited stock exchanges, with many of them ringing the bell to open or close the dayâ&#x20AC;&#x2122;s trading on leading exchanges in every region! Workshops and lessons in schools and centers - Children and youth enjoyed financial education lessons in schools and universities. Meeting with central bank governors - Children shared their recommendations and opinions with the governors of their central banks. (Web) chats with policy makers - Children had the chance to discuss financial education and financial access with global policymakers! Global video cafes - Youngsters connected via web chats to share their experiences.

Publications - Various publications to encourage children to learn about finance were made available in schools and libraries. Contests and competitions - From poster-making contests to financial football competitions, children engaged in fun contests on topics of financial education and inclusion. Theatre - Youngsters expressed themselves through theatre and the arts on financial issues. Financial education games - Team games took place for a fun way of learning about finance.

Ensuring inclusion - All children were in included in financial education activities - whether street children, children in juvenile correctional centers or children from care homes, all were part of the Global Money Week festivities! Learning from the market - Children and youth learned about entrepreneurship with many inspired to start their own businesses. Other innovations from across the world included banknote jigsaw puzzles, super jumbo screen televised dinner parties, money magicians, face painting, financial mimes and music!

Radio talk shows - Using radio as a medium to share about financial education and inclusion! Exhibitions - Youngsters had the opportunity to display their artwork and projects in interactive exhibitions. Cartoons - How to win over children? Use cartoons and comic books! Charity fundraising - Young people helped raise funds and public awareness and money for local youth charities by organizing money week walks and other activities.

Debates - Debates on financial education, employment and enterprise took place in schools. Visit to museums â&#x20AC;&#x201C; Many museums opened their doors to youngsters with workshops and exhibitions to teach them about money and its history. Global Money Week 2014

Global Money Week 2014

Chapter 6

Learning by Doing Ringing the Bells at Stock Exchanges

Estonia: Representatives of Financial Supervision Authority, Estonian Banking Association and The NASDAG OMX Tallinn Stock Exchange presented to fifteen teachers about different topics of financial education.

Bangladesh: The Dhaka Stock Exchange hosted students from various schools, colleges and universities for a training session about trading activities, capital markets and other related matters in connection with capital markets and investment. They did this in association with, Bank Bangladesh and the Enterprise Competitive Institute.

France: Youth organizations rang the Euronext Paris stock exchange closing bell together with ACPR, Ashoka France, Banque de France, Child & Youth Finance International and Finances et Pédagogie. Paris NYSE/Euronext showed a great symbolic commitment of the business community toward young people, their dreams, and financial future by inviting youth and youth groups to the exchange for the ceremony.

Belgium: In Brussels, Euronext celebrated Global Money Week with the ringing of the opening bell on March 12. The Bell Ceremony was attended by students from two Belgian schools and representatives from the European Banking Federation, MasterCard, the World Savings Bank Institute, FSMA and CYFI.

Iceland: The opening bell rang in the name of Global Money Week at the NASDAC OMX Nordic in Iceland. Students in 10th grade (15-16 years old) of Salaskóli Elementary School joined the stock exchange in Reykjavik for this exciting event.

More than 20 of the world’s leading stock exchanges opened their doors to children and youth and introduced young people to the financial markets.

Brazil: In Brazil, BM & F BOVESPA participated in Global Money Week with a symbolic ring of the opening bell to mark the beginning of operations. The event marks the inaugural participation of BM & FBOVESPA in this worldwide celebration and featured the special participation of the youth Vocational Association BM & FBOVESPA. Egypt: The Egyptian Exchange hosted students from different schools and grades. The students enjoyed ceremonies led by high governmental stakeholders including the Minister of Education, the Minister of Youth & Sports, the Minister of Trade, Industry and Investment, the Chairman of the Egyptian Financial Supervisory Authority, the Chairman of the Egyptian Stock Exchange Authority, and the Executive Director of the Egyptian Banking Institute.

Kazakhstan: As part of Global Money Week, the Kazakhstan Stock Exchange hosted high school children and offered lectures on Islamic finance with the help of one of the finance specialists. Kenya: At the Nairobi Stock Exchange in Kenya, high school students enjoyed a “job shadow day” during Global Money Week. The event was co-hosted by the Kenya Bankers Association and its member banks and Junior Achievement. Lithuania: Specialists at the Vilnius Stock Exchange spoke with youth about what the exchange and depository are and explained the specifics of securities trading. Youth received prizes for correct answers during a Q&A session, experienced real-life trading in shares, and closed the trading session with a ringing bell ceremony.

Macedonia: In Macedonia, the Minister of Finance, Deputy-prime Minister of Macedonia, the Governor of the National Bank of the Republic of Macedonia (NBRM) and the president of the Stock Exchange rang the bell to open the stock market. The Macedonian Stock Exchange had provided a possibility for students to trade on the virtual stock market. Those students who will achieve the best result after a month of trading will be rewarded by free training on the principles of capital markets. Malaysia: 75 students from the local SM Sains Alam Shah enjoyed the opening of Bursa Malaysia, attended an educational briefing by Bursa Malaysia’s representatives from the Investor Education division, and were given a tour around Bursa Malaysia. Malawi: Children attended the Malawi Stock Exchange to learn about how it operates and to ring the opening bell. Mongolia: In Mongolia, high school students rang the bell to open the market for trading at the Mongolia Stock Exchange. The students were also given a tour of the MSE and learned about the economic environment, how the stock exchange operates and the role it plays in the Mongolian economy. Morocco: Children in Morocco rang the bell at the Casablanca stock exchange. 40 children were present from both primary and secondary schools as well as representatives from financial institutions. The Director of the Banking Supervision and the director of the Casablanca Stock Exchange explained the importance of financial inclusion before inviting the children to open the market.

Global Money Week 2014

Netherlands: Trading at Euronext Amsterdam was festively opened by Dutch high schools students and Child & Youth Finance International (CYFI) as part of Global Money Week 2014. They sounded the gong together with students from the Spinozalyceum in Amsterdam, the Herman Wesselink College in Amstelveen and representatives from Aflatoun, de Consumentenbond, the Dutch Central Bank (DNB), Free Press Unlimited, ICS, The Dutch Bankers Association (NVB), and Nibud. Nigeria: Students enjoyed a tour of the floor of the Nigerian Stock Exchange. At NSE, students interacted with the Stockbrokers and as well ask questions to provide them in depth knowledge on the operations of the Stock Exchange and rang the closing bell on the trading floor. Portugal: Lisbon Stock Exchange (NYSE/Euronext) together with the Portuguese Central Bank was visited by 50 students who enjoyed the ringing of the bell at the closing of the stock market. South Africa: Johannesburg Stock Exchange in collaboration with 3 Ring Circus had an expo dubbed ‘Yo Future Expo’. They invited Grade 11 and 12 learners to an Expo in Rustenburg to find out about study opportunities at various institutions as well as other education initiatives offered by institutions while also teaching learners about JSE and the Investment Challenge game. A total of 2000 participants participated in the Yo Future Rustenburg Expo. Sweden: NASDAQ OMX Stockholm Stock Exchange joined the international Ring the Bell initiative for the Global Money Week celebrations! The ceremony was attended by representatives from NASDAX OMX Stockholm, Swedish Bankers Association, Child and Youth Finance International, Postkodlotteriet , Global Child Forum, Unga Aktiesparare (Young Shareholders Association), and the Swedish Financial Supervisory Authority (FI). Thailand: The Stock Exchange of Thailand organized an online competition for children and youth. The competition required children and youth to write a short text about “how to manage money effectively”. 22

Global Money Week 2014

United Kingdom: Children and youth aged 6 – 17 opened the market with the CEO of the London Stock Exchange, accompanied by Child and Youth Finance International, The Money Advice Service and CYFI’s other major UK partners, including MyBank, PFEG, and the People’s Postcode Lottery.

Theatre and Drama Activities

Youngsters were able to use the performing arts to learn and express themselves about the financial matters that matter to them. Albania: The Puppet Theater of Albania performed a unique mobile educational entertainment event in several places around Albania. It was organized as a fun way to enhance the Albanian children and youth’s financial knowledge.

Lessons and Workshops

Global Money Week was an occasion for children and youth to deepen their understanding of financial issues, in a fun and engaging way. In many countries, bankers visited schools to give them lessons on basic finance, using fun games, mascots, team activities and creative educational material. Brunei: Ministry of Education, LiveWIRE Brunei, TAP and AMBD hosted a series of events with students ranging from 7-24 years including visioning workshop on entrepreneurship, financial talks, a video-making competition, the nation-wide playing of financial exploration games and visits to the currency gallery. Burkina Faso: For the second consecutive year, the Faîtière des Caisses Populaire du Burkina celebrated Global Money Week. The celebrations started with presentations given by the Director of Case Song – Taaba and representatives from the YouthStart program. Training was given on financial education at the Lycée Bangré. The interactive workshop asked youth to discuss goals and savings. China: Children and youth participated in workshops on money matters and social topics and more.

Croatia: The Zagreb Public Library hosted a discussion entitled “Money, Banks, Financialisation” (“Novac, banke, financijalizacija”). Several interesting discussions and information sessions on the importance of child and youth financial education were co-hosted by the Ministry of Education and the leading financial institutions in country. All meetings will. Egypt: Egypt began its Global Money Week celebrations with a number of financial awareness workshops were conducted in schools, youth centers, and universities. 200 of the Egyptian Paralympic champions were also involved in these sessions which were conducted in partnership with the Ministry of Education, Ministry of Youth, The National Bank of Egypt, Banque Misr, Arab African International Bank, Blom Bank, Societe Arabe Internationale de Banque , Cairo University, Egyptian Paralympic Committee, and Plan Egypt El Salvador: Workshops were hosted by the Catholic Relief Services at schools and colleges in the San Salvador and Santa Ana districts. The students were introduced to basic banking principles and made aware of the importance of saving. Ireland: The Money Charity hosted interactive money workshops at schools and colleges around Ireland. The workshops addressed budgeting, saving, the credit system and the pros and cons of student finance by external financial experts. Germany: In Düsseldorf, 6 financial education workshops for children aged 9-10 were held by Bain & Company. The topics included in the workshop were: spending, saving, investing and donating money. The organizers gave each child a piggy bank so that they put their lessons into practice. My Finance Coach visited 59 grade 5-10 classes and hosted various activities celebrating financial literacy.

Global Money Week 2014

Haiti: Fonkoze hosted events aimed at financially empowering young women in Haiti. Events included financial literacy training sessions and covered: financial choices; needs and wants; budgeting; saving and borrowing; planning for an emergency; and developing a financial diary. Approximately, 150 young people were benefited by this activity. Mozambique: World Vision and the Chongoene Area Development Program hosted financial literacy workshops through their project IWAG, which stands for “Improve the wellbeing of adolescent girls”. The workshops focused on teaching teenagers about savings and credit systems so that they can become more financially independent. Panamá: The Superintendencia de Bancos hosted a workshop about the importance of savings in selected schools. Paraguay: Activities during the week include different financial education workshops and a youth forum where children and youth had the opportunity to share their financial experiences and discuss entrepreneur projects. Saudi Arabia: The Capital Markets Authority prepared an extensive week filled with financial education workshops, book fairs, school visits, and many other events. Sierra Leone: Children’s Agenda International (CAI) will be celebrating Global Money Week in Sierra Leone through financial education workshops in schools, in collaboration with the British Council. The workshops focused on how money works, the important opening a savings account, operating ATMs and creating opportunities for a sustainable livelihood. Singapore: National Institute of Education and Ministry of Education in association with many local schools and universities organized exciting activities for children and youth such as financial literacy workshops and experiential learning journeys where youth were given real-life financial situations which they had to solve.

South Africa: The Kwazulu-Natal Financial Literacy Association, among other partners, hosted a Financial Education and Inclusion Summit in Durban to commemorate Global Money Week. Tajikistan: Mercy Corps organized numerous financial workshops with youth. The workshops sparked interest in savings in the young attendees, while also laying a foundation of basic financial knowledge. United Kingdom: The British Museum hosted an informative series of financial education workshops for educators and students. Venezuela: Workshops were held on how financial education and the development of financial capabilities can help to social conciliation.

Exhibitions, Fairs & Fun

When words are not enough, art takes over. Children and youth around the world expressed their thought on finance through artwork, and were able to share and discuss their artwork in exhibitions held during Global Money Week. Brazil: Mais Ativos introduced their mascot “Dinheirinho” (“Little Banknote”) in an event with an audience of approximately 200 children. They also organized events such as; mini lectures, storytelling and an award ceremony for the winners of an essay contest. Ethiopia: World Learning Ethiopia will be celebrating Global Money Week from start to finish reaching out to 200 schools. It is anticipated 44,000 youths in Ethiopia will participate with video chats, bank visits, debates, drama and songs to mention a few. Nigeria: Global Money Week began with an adrenaline pumping Financial Literacy Road Show in Abuja. School students walked several kilometers alongside staff of the Consumer Protection Development unit and SAGE to create public awareness for financial inclusion and economic education.

Rwanda: The Parlement des Jeunes Rwandais- PAJER (Rwanda Youth Parliament), Youth in Action and Rwanda Organization for Development Initiatives (RODI) organized debates in various communities including 4 secondary schools in Kigali. The debate topic was ‘Why the need for financial education?’ Saudi Arabia: The opening of a finance book fair was broadcasts by one of Egypt’s main national television stations. Togo: The Mérite International de la Jeunesse hosted activities including creative art projects on savings and investment. United States of America: Children and youth enjoyed learning about good habits with Sammy the Rabbit. Zambia: An exhibition at the Bank of Zambia in Lusaka was opened by a special performance by a youth drama group.

Visiting Banks and Learning about Saving Global Money Week was the prefect occasion for youngsters to open their first bank account. Banks across the world helped make this happen.

Bhutan: Exciting events took place ranging from visits by the Financial Literacy Program team, opening banks accounts under Bhutan Royal Monetary Authority’s guidance and an essay writing contest. China: Children and youth between ages 10-17 years participated in exciting activities such as team survival games on financial topics, bank visits, workshops on money matters and social topics and more. Democratic Republic of Congo: PEREX-CV and the International Bank of Africa in the Democratic Republic of Congo, spoke to the parents of 100 children and youth in Butembo about the importance of savings. Some parents then accompanied their children to open accounts at the bank. Global Money Week 2014

Ghana: 260 students from a number of public senior high schools had the opportunity to visit HFC bank branches in Takoradi, Kumasi, Labone, Nkoranza, Koforidua and Accra. The students also enjoyed the opportunity to participate in a special talk on savings. Kazakhstan: Home Credit Bank Kazakhstan conducted a seminar on financial literacy for primary school pupils in Almaty. The seminar was dedicated to the history of money, finance and budget planning. They also presented the book developed by Home Credit Bank Russia titled “Children and Money”, which will be adapted to the Kazakh context later this year. Kenya: Postbank Kenya hosted activities teaching youth the importance of using a bank account, saving and spending their money wisely. Kyrgystan: The ALE “Union of Kyrgz banks” with representatives of “Finca” CJSC Micro-credit Company presented to approximately 50 students on the benefits of making conscious financial choices. Latin America: Catholic Relief Services (CRS) Latin America and the Caribbean LACRO organized daily activities in 9 informing youth on savings and loans and promoting Global Money Week’s principles. Mongolia: XacBank invited children, youth and their parents to participate in their “Financial Enterprise Activity” and the “Bank Visit Lesson”. These lessons gave children and youth a better understanding of the banking environment, how banks operate and the importance of financial education. Children and youth had the chance to meet senior bank representatives to share their opinions and ask questions. The Netherlands: 5000 volunteer staff from the financial sector gave financial education lessons at primary schools in the Netherlands. National Money Week was jam-packed with activities aimed at putting financial education and active saving by children and youth on the national agenda.

Global Money Week 2014

Spain: 4000 schools in Spain and 1000 schools in Portugal, who are part of PAU Education’s “Valores de Futoro” program, were visited by BBVA volunteers who advised and guided primary and secondary students in financial responsibility and entrepreneurship. These activities were designed to make young students in Spain think critically about the role of money in their lives and in their communities.

Central Bank Visits & National Money Museums Dominican Republic: Children and youth from Santo Domingo enjoyed a visit to the Money Museum and educational workshops.

Finland: The Bank of Finland hosted a group of students from two high schools Helsingin Kuvataidelukio and Mäkelänrinteen Lukio who learned about the history of money, its effect on society, and how the central bank operates. Georgia: Children visited money museum of National Bank of Georgia in Kvareli, where they received information about the history of Georgian currency. The Money Museum of National Bank of Georgia is a unique place to receive information about the history of Georgian currency and currency in general. Guatemala: The Central Bank of Guatemala, the Banco de Crédito Hipotecario Nacional, the Superintendencia de Bancos SIB have joined forces to organize eleven stands focusing on eleven different topics of financial education at the Financial Fair. The stands were fun and educational, with names such as “the princess and her piggy bank” and “the really quirky guy called exchange” . Jamaica: The Financial Services Commission of Jamaica (FSC) took school children to visit the Central Bank Money Museum. The kids had fun learning about their country’s currency. The tour was a continuation of the FSC’s events which were aimed at making financial literacy fun.

Kosovo: The Governor of Kosovo spoke to a group of school children about why saving money is so important, even if it is a very small amount. Afterwards, Kosovo’s Minister of Education delivered information booklets and savings boxes to some children. Honduras: The Central Bank of Honduras joined Global Money Week invited school children to attend fun lessons on the role of the central bank in a country’s economy. FICOHSA, a financial institution with a specific focus on financial education, also participated by developing financial activities for young children. Malta: The Ministry of Education, Central Bank of Malta and HSBC organized several activities which focused on financial literacy, money matters and the role of the Central Bank within the European euro-system. Lebanon: Children from 4 different schools celebrated Global Money Week at the Central Bank and included an extensive tour of the National Monetary Museum. The children were able to ask and discuss any issues related to financial management and participate in interactive and fun activities. Moldova: The National Bank of Moldova hosted a meeting attended by stakeholders from the field of financial education and financial inclusion. Montenegro: Financial experts gave lectures and seminars about the history of money, banking and many more financial topics at the Central Bank of Montenegro (CBM). Children with disabilities also enjoyed interactive financial lessons. They also had fun making their own money which was later exhibited to the public for display and to encourage discussions about money. The children were dressed in colorful Global Money Week T-shirts and they were each given a saving box.

Global Money Week 2014

Papua New Guinea: Bank of Papua New Guinea in partnership with banks and financial institutions organized Global Money Week for the first time. The many exciting activities included youth friendly savings products , dialogue between students and bankers, and radio sessions with the country’s Governor. Ukraine: Students enjoyed excursions to the Museum of Money, workshops and financial games for school children hosted by post-graduate students, a round-table on “Financial Literacy in Modern Life” , and public lectures given by given by representatives of the leading financial and credit institutions of Ukraine.

which taught the students about real-life topics such as planning to buy a motorcycle and saving for education. Italy: Children in Italy were invited to join a game of “The challenge of cincilli”. This interactive educational performance required the children to help 5 squirrels cross a forest full of trials and temptations with only five cincilli (coins). Through entertainment these children and youth were taught about the importance of being money conscious.

Learning through Competitions & Games

Competitions and quizzes took place during Global Money Week, with an aim of learning about finance and teamwork – and to have fun! During Global Money Week, everyone was a winner!

Pakistan: Pakistan Microfinance Network hosted a youth essay competition for children between the ages of 10 to 18 years, in celebration of Global Money Week 2014. The goal of the competition was to offer young people attending low cost schools the opportunity to make their voice and opinions heard. Palestine: Palestine launched a Facebook competition, organized more than 200 bank visits and performed a dramatic play focusing on financial awareness.

Azerbaijan: The Central Bank of Azerbaijan held an art exhibition in which handiwork and drawings created by schoolchildren under the theme of ‘Savings’ were displayed in the Central Bank.

Panamá: The Superintendencia de Bancos Promoted Global Money Week with a poster and mural competition in schools. They also hosted a workshop about the importance of savings in selected schools.

Egypt: An online simulation stock exchange game “Stock Riders” was played by around 10,000 students in Egypt during Global Money Week. The game was developed by Egypt Stock Exchange Authority, and Banque Misr (BM) who offered awards for winning students including BM debit card for youth and investment certificates.

Peru: The Peruvian National Congress promoted initiatives such as financial education modules and financial football.

Iceland : The many exciting activities for GMW happening in Iceland included the world premiere of a new educational financial literacy game, developed by a team of students at Reykjavik University, at Salaskoli Elementary school. Celebrity singer, economist and football hero Jon Jonsson gave a lecture and sang to children aged 13-16 years. Indonesia: Allianz Indonesia organized an interactive roleplaying event for 100 high school students from low income families in Jakarta. Allianz Indonesia transformed their Planning Basic module into a fun, participatory performance

Maldives: Maldives Monetary Authority (MMA) and Ministry of Education along with financial institutions organized competitions such as an essay competition and an art competition on the theme of Global Money Week. The children were then treated to a visit to the currency museum of MMA . Namibia: The Guinness Coin Challenge was co-hosted by Junior Achievement Namibia and was held in support of financial literacy and the CareFusion Project. A celebration dinner was hosted for the most regular savers in the Aflatoun program. Russia: Vladivostok Boarding School for Gifted Children celebrated Global Money Week with four days full of

fun activities. The long list of activities included writing competitions, quizzes and interactive presentations on themes such as ‘the role of economics in our lives’, entrepreneurship, and taxation. Samoa: Central Bank of Samoa celebrates with Global Money Week 2014 by organizing “Be Money Wi$e”, a financial literacy poster competition for primary schools in Samoa. The winning participants received prizes and their posters were physically displayed in the building of Central Bank of Samoa. Turkey: ING Turkey held a short-story writing competition with the theme “Savings.” Around 3500 primary school children took part. Uganda: The National Curriculum Development Centre (NCDC) of Uganda organized an essay-writing competition and debate with participants from primary schools in Kampala. The theme was inspired by DreamsBank and the activities aimed to encourage learners to begin saving their money today, no matter how small the amount, so that they can eventually help themselves to fulfill their needs when their parents cannot afford to.

Entrepreneurship & education

Botswana: Youth from Botswana participated in a heated debate on the pros and cons of encouraging the youth to be more financially independent. The event was organized by Junior Achievement Botswana (JAB) in collaboration with the Department of Youth, Botswana Stock Exchange, Barclays Bank, the Citizen Entrepreneurial Development Agency (CEDA), National Development Bank and other stakeholders. Chile: The Financial Education Working Group in Chile organized activities focused on the power of saving; budget management; knowledge about the financial system; responsible debt; and the duties and rights of consumers. Egypt: An entrepreneurship competition was held for GMW participating schools and judged by Egyptian Banking Institute representatives. Global Money Week 2014

Kenya: The Kenyan UNESCO Youth Forum celebrated Global Money Week with a participatory meeting titled “Entrepreneurship through Ideas”. The meeting was followed by a mobile banking workshop. Latvia: “Find and achieve your own financial objectives!” was the theme for the various activities organized for Global Money Week in Latvia. Among the activity highlights were the educational seminars for social science and economics teachers which aimed at encouraging the teachers to place greater emphasis on financial literacy in their curriculum. South Korea: Financial Quotient Council organized exciting activities which included financial instructors’ visits to primary, middle, and high schools in rural areas to teach vulnerable members of society living in rural and non-urban areas about financial concepts. Tunisia: Tounes Tekhdem held 38 financial education sessions to create a network of at least 300 qualified financial education trainers across Tunisia. The program is funded by the Department for International Development (DFID) and the Agence Françoise de Development and was initiated by Mercy Corps. United States of America: Representatives from InterMedia and Making Cents joined a Youth Tech Salon in New York.

TV, Radio & Public Awareness

Global Money Week generated an amazing amount of public awareness. Millions of people were made aware of the activities and events through national television, radio, and through social media. Canada: A press release was distributed to encourage publications to write about topics such as: budgeting, how to save, opening and maintaining a bank account, investing, understanding financial fraud, and how to determine counterfeit money.

Global Money Week 2014

Malawi: The Malawi Government and the Reserve Bank of Malawi (RBM) ran a national media campaign on savings. Moldova: Prospera in Moldova launched selected financial spots where children were expected to participate in financial issues. The GMW activities were broadcast on the web and television stations. Nepal: Nepal Rastra Bank lead yet another great celebration for Global Money Week 2014 in association with the Ministry of Education and many other local stakeholders including TV and radio shows, distributing financial publications and even a city-wide rally. Palestine: The Palestine Monetary Authority and the Association of Banks in Palestine with cooperation of the Ministry of Higher Education and the Education Program at UNRWA held a publicity event in Ramallah for Global Money Week. Poland: The Polish Financial Supervision Authority (FSA) published a new booklet for children called “Let’s talk about finance. The handy ABC for Janek and Hania” (“Porozmawiajmy o finansach. Poręczne ABC dla Janka i Hani”). Swaziland: Swaziland joint in the celebrations by raising awareness for the need for financial literacy through 3 World Vision run projects. These projects specifically focus on the economic empowerment of adolescent girls.

Chapter 7

Country Overviews

Global Money Week 2014

Albania Participants: Bank of Albania, Association of Albanian Banks, Ministry of Education Date of event: 10 - 17 March Number of children reached: 2500 In the framework of Global Money Week, Bank of Albania (BoA), in cooperation with the Albanian Association of Banks and the support of the Ministry of Education and Sports, carried out several educational activities for high school students. The opening ceremony was held at the Puppets Theatre in Tirana, during the première of the finance-themed puppet show called “Çufo and Tip – An adventure with goldlets”, staged on March 10th, 2014. The ceremony was attended by the Governor of BoA, representatives of diplomatic corps, educational government institutions and banks. The Governor stressed the importance of increasing the financial education of the public and the Bank of Albania’s serious commitment to it. During the ceremony the Governor of the Bank of Albania signed a Memorandum of Cooperation with the Chairman of the Albanian Association of Banks encouraging reciprocal cooperation on financial education of students (ranging from junior high schools to universities) in the field of economy, finance and banks. The puppet show called “Çufo and Tip – An adventure with goldlets” was played twice a day, from 11th March to 17th March, including the weekend, for a public of around 160 persons. The second activity dedicated to kids encouraged them to participate in the drawing competition “My Money”. The competition targeted grade I-III pupils of the schools that have been learning financial education from the teaching set “1, 2, 3... Çufo the piglet is learning to save”. About 420 designs by 400 children from 13 schools across the country were submitted and posted on Bank of Albania’s educational Facebook page. The public voted for their favorite drawings, by ‘liking’ them on Facebook until 27th March 2014. The 10

Global Money Week 2014

drawings with the most likes were announced as winners and received an encyclopedia, an award certificate, and a bank account opened in their name with 10,000 leks deposited as an initial amount by Raiffeisen Bank. An awards ceremony for the winners of the “My Money” drawing competition was organized by the BoA in cooperation with the Albanian Association of Banks under the auspices of Global Money Week, on 31st March 2014. The event was attended by the Governor of the Bank of Albania, the Minister of Education and Sports, the Chairman of the Albanian Association of Banks, and the Chief Executive Officer of Raiffeisen Bank in Albania. During the ceremony, the BoA and the Minister of Education and Sports underlined the importance of financial education at an early age. They added that the pupils’ drawings were their first steps towards cultivating financial literacy. In cooperation with the Albanian Association of Banks visits were organized to commercial banks in different areas in Dibër, Durrës, Korçë, Lushnje and Tirana. The excursions were specifically for students who have taken BoA’s module “Personal Finance in Your Hands” which is part of the National Electives Curricula. During the excursion students had the chance to discuss with the bankers the way commercial banks function, their daily work and the financial products they offer. The Governor of the Bank of Albania was directly involved in some of these visits, during GMW2014. He took Cajupi High School students on a visit to the headquarters of Societe Generale Bank in Tirana and invited them to join his open discussion with its General Manager. He did the same with Seit Najdeni High School and Maqellara High School in Dibër and the Credins Bank, as well as with students from Dituria High School and the National Commercial Bank in Lushnje. BoA launched a Facebook page to offer youth updated information on money issues and other aspects of financial education. The page also informs them on how to access and

use BoA’s various educational activities and resources, and has sparked a debate on how to improve them. BoA staff appeared on various television programs to promote Global Money Week values. This raised public awareness on the importance of the values and activities. In addition to all of these activities, all schools who have financial education modules in their curriculum were formally invited to celebrate Global Money Week by organizing mini-projects regarding aspects of financial education which were supervised and supported by BoA’s staff.

Armenia

Participants: Junior Achievement Armenia, Aflatoun Date of event: 17 March Number of children reached: 30 Students who are a part of the Junior Achievementâ&#x20AC;&#x2122;s (JA) group in Armenia participated in Aflatounâ&#x20AC;&#x2122;s Global Skype calls on March 17 where they connected with students from Colegio Santa Eulalia in Portugal. Aflatoun Day was celebrated globally on the last day of Global Money Week. The Armenian and Portuguese students loved chatting to each other about their respective entrepreneurial activities. The Armenian students showed off their self-made creative mobile phone accessories and shared that they raised approximately 300 euros by selling

them. They explained that the money will be used for school excursions. The Portuguese students talked about their school garden which they harvest for fresh vegetables which they sell to the community (parents, teachers and other children). JA Armenia also conducted enterprise activities in various schools through Global Money Week. The youngsters in the JA program used social and financial enterprises to raise funds for peers with specific needs or for their school.

Global Money Week 2014

Azerbaijan

Participants: Central Bank of Azerbaijan, Reliable Youth Future, Ministry of Education Date of event: 17 March Number of children reached: 64 An art exhibition for school children was organized for Global Money Week by the Central Bank of Azerbaijan (CBAR), the Ministry of Education and the Reliable Future Youth Organization. The exhibition featured paintings related to financial literacy by Azerbaijani youth. The event involved 64 school children from 26 secondary schools located in Baku, the capital city of Azerbaijan. The objective was to increase the financial literacy level of the children, to encourage effective and proper use of personal budgets by the younger generation, to develop money saving and spending skills, establish longterm planning incentives among the youth, allow them to

Global Money Week 2014

discover their artistic and crafting abilities and to give broad publicity to the CBARâ&#x20AC;&#x2122;s Financial Literacy Project as well. A special event was dedicated to the announcement of competition results and awards at Park Boulevard Trade Center, Planetarium Hall. The main stakeholders such as relevant NGOs, Savings Banks Foundation for International Cooperation (SBFIC) were invited to the event and press releases were distributed to mass media representatives prior to the beginning of the exhibition. The event consisted of 3 parts. Firstly, representatives of the CBAR, Ministry of Education and Reliable Future Youth Organization congratulated the participants, wished them success for the future and gave them savings tips. Apart from the winners, the active participants of the event were given diplomas and gifts. The winners of the first 3 places were given special gifts and

diplomas from the CBAR. In the second part of the event, the guests and children viewed the artwork created for the exhibition. Lastly, the management of the Planetarium Hall organized a film-show for children and their parents. This yearâ&#x20AC;&#x2122;s event was such a success that Azerbaijan already has plans in place to include school students from the whole of the country to participate in this creative financial literacy event.

Bahrain

Participants: Ministry of Social Development, The Financial Organization for Children and Youth Date of event: 15 - 21 March Number of children reached: 2500 The Ministry of Social Development and the Financial Organization for Children and Youth lead the Global Money Week (15th -21st March 2014) celebrations in Bahrain. Sunday, the 16th March 2014, was named ‘Global Money Day’. Fun and educational activities were organized across the country in order to raise the financial awareness of Bahraini youth and children. Banks and financial institutions played a central role in these activities as there is a consensus amongst the participating organizations that our youth and children’s financial education will play a crucial role in mitigating potential future financial crises. “Sharifa Al Awadi” Club organized a creative activity with a financial theme on the coast of the Kingdom of Bahrain. Children from a host of youth clubs had fun creating sand sculptures inspired by the lessons that they had learnt about the importance of savings. Their artwork was displayed to the public along Algazayer Beach and they provided a light-hearted atmosphere for friends and family to discuss their financial tips and tricks. The Children and Youth Club encouraged children and youth to creatively express why they think they should save money by entering their drawings and handcrafts into the Club’s financialthemed creative contest. The entries were then published in national newspapers, magazines and by the Ministry of Social Development via social media then published the entries.

Global Money Week 2014

Bangladesh Participants: Enterprise Competitive Institute, Dhaka Stock Exchange, Bank Bangladesh, BRAC Bangladesh, Daffodil International University, American International University of Bangladesh, East West University, Dhaka College, Oxford International School, BGMEA University, ASA University, United International University, University of Liberal Arts, State University, Stamford University Date of event: 10 - 17 March Number of children reached: 500 Bank Bangladesh, Enterprise Competitive Institute and Dhaka Stock Exchange along with many universities started celebrating Global Money Week from the 5th of March. Bank Bangladesh, Enterprise Competitive Institute of Daffodil

Global Money Week 2014

University and Dhaka Stock Exchange officially started the Global Money Week 2014 celebrations in Dhaka, with the vision to inspire and educate young people to become entrepreneurs and make them aware of money matters. Students from 15 schools, colleges and universities were in attendance along with many high profile speakers. During a 4 day period seminars, financial talks and discussions were be organized to empower youth and give them a better understanding about the banking and finance sector. These activities were organized by Daffodil International University, American International University, University of Bangladesh, East West University, BGMEA University, ASA University, United International University, University of Liberal Arts, State University, Dhaka College and Oxford International School. Among the most popular topics were financial education, economic citizenship and the importance of savings and valuable money skills.

Students from 3 educational institutions visited Dhaka Stock Exchange to learn about trading activities, capital markets and more. The students also received a training session on investment conducted by the Training Academy of Dhaka Stock Exchange Limited. Students from Oxford International School, University of Liberal Arts and State University visited Lanka Bangla securities to gain practical knowledge on share trading. BRAC Bangladesh Adolescent Development Program (ADP) and Social and Financial Empowerment of Adolescent (SoFEA) of BRAC education program arranged financial literacy training for adolescents all over the country. BRAC celebrated Global Money Week with workshops on financial empowerment, savings, money management, budgeting and introduction to formal banking.

Belarus

Participators: National Bank of Belarus Date of event: 10 - 17 March Number of children reached: 80 The National Bank of the Republic of Belarus conducted activities which enhanced the financial literacy and education of the younger generation for the second time under the auspices of Global Money Week. The educational activities took place in 10 education institutions in Minsk and included educational lessons, information breaks and open classes for schoolchildren (from the 1st to the 7th form). They told children about spending and saving money, the options available for them to earn money, and how to make good financial decisions. All children received gifts, pads, pens, calculators and a special book called “The Monetary ABC” that was issued in 2013. The book contains a bright and full-colored comic with information for children on issues concerning making, spending and saving money.

31/1) stating that they will co-share the responsibility of ensuring that state institutions and financial market leaders will enhance the population’s financial literacy in Belarus in the period of 2013 – 2018, especially for children and youth. The development of educational materials is one way through which this agreement is being fulfilled. For example the production and distribution of a guidance manual named “The Financial Literacy” based on the manual “Financial Awareness” that was written by the Russian Economic School and the production of a series of educational and entertaining promovideos that reveal the key elements and notions of a financial system. The multi-sectorial organizations that have joined forces are doing so with the hope that with an enhanced financial education future generations will be able to improve their own quality of life and feel confident to steer their future, this will directly affect the prosperity and stability of the Belarus’s economy and society.

About 80 young people from the institutes of higher education were brought together by the National Bank of the Republic of Belarus to take part in a Competition on Financial Literacy. Officers of the Principal Mogilev Region Division of the National Bank have been continuously working on developing and implementing a financial education curriculum for pre-school and elementary schoolchildren. Global Money Week was a chance for the children to show their teachers the financial knowledge which they have learned throughout the year thanks to the National Bank. On the 17th January 2013 the Council of Ministers of Belarus and The National Bank co-signed an agreement (schedule № Global Money Week 2014

Belgium Participants: Euronext Brussels, KHLIM University Date of event: 10 - 17 March Number of children reached: 625 In Belgium, Euronext Brussels celebrated Global Money Week by inviting representatives of the European Banking Federation, MasterCard, the World Savings and Retail Banking Institute, the FSMA and Child and Youth Finance International to ring the Stock Exchange Bell. The bell ceremony was followed by a presentation on the ‘Role of the Stock Exchange in the Financing of the Companies’ done by the chairman and CEO of Euronext Brussels for university students from Karel de Grote Hogeschool and Artesis Plantijn Hogeschool as well as to school students from Khlim in Antwerp. CYFI’s partners from the research group Education & Ict [ED+ict] at Limburg Catholic University College (KHlim) organized a youth talk with 20 teachers about SKILLVILLE in their university college. SKILVILLE is an online media tool built to enhance youth’s key competencies. In the presentation, a teacher represented a school where all the 600 students played SKILLVILLE. KHlim’s education department students developed case studies to enhance financial literacy for their peer student-teachers.

Global Money Week 2014

Bhutan

Participants: Bhutan Royal Monetary Authority, Royal Insurance Corporation of Bhutan, Bhutan National Bank Limited, Bhutan Development Bank Limited, Bhutan Insurance Limited, T-Bank, Druk PNB Date of event: 10 - 12 March Number of children reached: 300 Bhutan Royal Monetary Authority led this yearâ&#x20AC;&#x2122;s GMW Celebrations, in association with Royal Insurance Corporation of Bhutan Bhutan National Bank Limited, Bhutan Development Bank Limited, Bhutan Insurance Limited, T-Bank and Druk PNB. As part of the Financial Literacy Program exciting events were

hosted ranging from visits by the Financial Literacy Program team to schools, opening banks accounts under RMAâ&#x20AC;&#x2122;s guidance and an essay writing contest. Representatives of Royal Monetary Authority and the Financial Literacy Program visited schools in Paro to speak to students about financial education.

participating schools received all the necessary information and education material beforehand. The Royal Money Authority in association with the local schools organized a financial-themed essay writing contest. The winners of the contest received rewards and letters of recognition.

A host of banks, namely the Royal Monetary Authority, Bhutan National Bank Limited, Bhutan Development Bank Limited, Bhutan Insurance Limited, T-Bank and Druk PNB, all visited schools to help children open saving accounts. The

Global Money Week 2014

Bosnia & Herzegovina

Participants: Interactive Open Schools, Aflatoun Date of event: 17 March Number of children reached: TBC Interactive Open Schools (MIOS) organized Skype calls with children from 3 other schools namely Elementary School Tušanj, Elementary School Pasci and Elementary School Brčanska Malta had the opportunity to speak to children from Africa, Asia and Latin America. “In the end, we learned that we are very similar to each other”, shared the Bosnian children who had spent the entire day on calls with their counterparts from other countries. The calls were organized as a part of International Aflatoun Day. Aflatoun is a network of organizations who deliver social and financial education to over 2 million children in 100 countries. This year, the International Aflatoun Day brought an end to Global Money Week on March 17th. Global Money Week evolved from the original International Aflatoun Day. It is an opportunity to engage children and youth around the world, give them an opportunity to connect with each other, and celebrate their hard work and initiative.

Global Money Week 2014

Botswana

Participants: Junior Achievement Botswana, Penrich Employee Benefits, Department of Youth, Mater Spei College Business Department, Barclays Bank, Botswana Stock Exchange, Bank of Gaborone, Botswana Savings Bank, Botswana Unified Revenue Services, Botswana Meat Commission, Lobatse Clay Works Flotek, Can Manufactures, Botswana Life Insurance Date of event: 10 - 16 March Number of children reached: 901 Junior Achievement Botswana (JAB) took the lead for this year’s Global Money Week in Botswana. JAB organized stimulating activities such as debates, quizzes, bank visits and panel discussions. Youth from Botswana participated in a heated debate on the 11th March 2014 where they argued the pros and cons of encouraging their peers to be more financially independent. Peer educators who were awarded the 2013 Child and Youth Finance Award presented their youth budget to the Botswana Parliament. There was a drama presented by secondary school students themed “My money my life: Saving and Investing”. The students were divided into groups to discuss the Botswana 2014/2015 budget speech which was delivered by the Minister of Finance and Development planning Honorable Kenneth O. Mathambo on the 3rd February 2014. The students came up with their own input into the budget speech and compiled a report to be submitted to the Minister.

managed to sell a lot of their products. While selling, the students had a chance to consult with the customers who were visiting their stalls. After the selling session, the guest companies made presentations to the participants. Financial education exhibitions were held at local shopping centers to create more awareness amongst youth which can’t be reached through the formal education systems. Students were invited to take job-shadow employees at the Bank ABC. There was a radio talk show dedicated to the discussing the topics raised by Global Money Week. The show was followed by a presentation by peer educators (2013 CYFI Award Recipients). A group of youth visited the Bank of Gaborone to learn about what happens when they open a bank account. The tour was followed by a debate led by the youth on the pros and cons of signing up with a formal financial institution.

Students displayed their products for sale to the general public at the Lobatse Mall. The guest companies were observing what and how the students did their selling and later made comments on their observations. Most of the companies Global Money Week 2014

Brazil Participators: Security Exchange Commission of Brazil, BM & F Bovespa, Mais Ativos, My Finance Coach Date of event: 10 - 17 March Number of children reached directly: 1647 The Security Exchange Commission of Brazil (CVM) together with the Brazilian stock exchange Bolsa de Valores, Mercadorias & Futuros de São Paulo (BM & FBOVESPA) commenced their participation in Global Money Week on March 12, at 09:00 am (Sao Paulo time), with a symbolic ring of the opening bell to mark the beginning of operations. The event marked the participation of CVM and BM & FBOVESPA in this worldwide celebration and featured the special participation of the youth Vocational Association BM & FBOVESPA. On March 17th the CVM also gathered a group of young people between 14 and 18 years old and discussed with them the importance of making informed and independent financial decisions. Furthermore, on March 17th the CVM gathered together 22 young people, ages 14-18. The young participants were divided into groups and the youngsters were granted a virtual income, allowing them to make choices about different goods and services. After making their buying decisions, the participants were guided to make a budget and share with the other adolescents the results of their choices. Sharing the consequences of their decisions fostered a debate on the impacts of the financial decisions in their lives. The event provided opportunities for the participants to discuss different financial concepts, such as financial planning, budgeting and saving. The participants were encouraged to discuss the topic and reflect on the importance of keeping track of their expenses, taking control of spending and saving. The objective was to raise awareness among youngsters about the importance of making informed and autonomous financial decisions. Great contribution to GMW 2014 from a country

Global Money Week 2014

which is leading the inclusion of financial education in the schools worldwide! The Brazilian participation marked the release of the first module of financial education by BM&F BOVESPA Educational Institute. This module provides youth from the Vocational Association BM&F BOVESPA, which is the private social investment arm of the BM&F Bovespa. CVM acts as Chair of the Brazilian committee on financial education, currently acting as Chair. Remarkable moves are being made in this social development area with the first Brazilian (or even global) television channel entirely devoted to financial education launched during this year’s Global Money Week. The channel is dedicated to personal finance, financial education for children, youths and adults, retirement planning, sustainable finance and related topics and will be available all over Brazil. During Global Money Week Mais Ativos introduced their mascot “Dinheirinho” (“Little Banknote”) at an even attended by 200 children. The event had fun and interactive tents which housed mini lectures, storytelling areas, an essay writing completion and an art and craft workshop for the very young. An award ceremony for the winners of the essay contest was held and each participant received a certificate indicating their participation in Global Money Week’s financially themed activities. Mais Ativos also conducted a teacher training workshop for elementary school teachers. Teachers introduced to techniques on how to include financial education in their classroom activities, including the resources and methods needed to provide students with a multidisciplinary approach about money and finance. Among these activities there has been a collection and donation of books on financial education for schools and community libraries and also a discount in all book purchases made through the Mais Ativos website. They also released articles about the importance of financial education for children and youths written by Brazilian experts in this field. Press releases and news about GMW activities were posted in

their social media channels. My Finance Coach in Brazil had 2 special class visits. Besides participating in the global My Finance Coach activity (a worksheet highlighting the importance of saving and planning when it comes to achieving your goals – also used in Indonesia, Malaysia and Germany ) during the class visit, the students were taught the module “Shopping”, which encourages children to identify the difference between needs and wants, the influence of advertising, and the consumer rights.

Brunei

Participants: Ministry of Education, Autoriti Monetari Brunei Darussalam, Ministry of Finance, LiveWIRE Brunei, Employee Trust Fund (TAP), University Brunei Darussalam Date of event: 10 - 17 March Number of children reached: 750 Ministry of Education, LiveWIRE Brunei, TAP and Autoriti Monetari Brunei Darussalam hosted a series of events during 10th-17th March to celebrate Global Money Week 2014 with students ranging from 7-24 years. Celebrations started with a visioning workshop on entrepreneurship, followed by financial talks, video-making competition, financial exploration games and visits to the currency gallery. LiveWIRE BRUNEI conducted an entrepreneurship workshop designed for students, particularly those attending vocational/

technical schools in order to raise awareness about financial independence and education for children and youth. The Ministry of Education presented certificates to the students who participated in the workshop for Brunei Entrepreneurship Education Scheme (BEES). The top 5 schools in Brunei enjoyed a video competition where they made 5-7 minutes videos about financial literacy and entrepreneurship. These videos were later used to promote entrepreneurship and financial inclusion by banks. Students and teachers from 12 different upper secondary schools attended financial talks focusing on â&#x20AC;&#x153;Entrepreneurship and Financial Literacyâ&#x20AC;? organized by Tabung Amanah Pekerja (TAP) and Ministry of Education. To encourage students to take active participations in order to grasp better

understanding about financial planning and entrepreneurship, TAP and Ministry of Education organized a 2 hour game which engaged students in a series of physical and mental test. This event took place in the Jubilee Recreational Park and encouraged students to work as a team to solve tasks in the game, as well as exposing students to current financial and entrepreneurship issues. Primary school children visited the Currency Gallery, Ministry of Finance as well as the TAP employee Trust Fund Counter where they had the opportunity to connect with other children within the Asian region and have a conversation through a global video chat. Attending children also received guided tours of the Currency Gallery and learned about the history of Bruneian money.

Global Money Week 2014

Burkina Faso Participants: Faîtière des Caisses Populaire du Burkina, YouthStart, Technical Commercial Institute AKPODE, Yiguiya Bangré school complex Date of event: 13 - 14 March Number of children reached: 189

them achieve their dreams. After the exchange Mr. Hamadou added that it is the credit unions and the YouthStart program responsibility to take on this role by developing financial inclusion policies and teaching the youth about how to access and properly use the financial products available to them.

The Faîtière des Caisses Populaire du Burkina celebrated Global Money Week for the second consecutive year. The celebrations started with presentations given by the Director of Case Song -Taaba, Mr Alu Hamadou, and representatives from the YouthStart program. Justin Sandwidi, the Youth Champion of the YouthStart program initiated a discussion with a large group of his peers and financial experts on the topic of “What do the youth and children want for their future?” The conclusion that was drawn from the exchange of ‘savings’ stories was that children usually know what they want for their future and only need to be encouraged and advised to help

The next day the a group of 120 students, many of whom were involved in the discussions on the 13th March, participated in an interactive workshop that encouraged the youth to identify a personal goal and begin the planning process to achieve this goal. They then compared the different places where you can save money and they were asked to determine the benefits of saving with the RCPB. They ended the workshop with a discussion on the rules for opening a youth savings account. Activities continued into the evening with a guided tour for 30 students of the Commercial Technical Institute AKPODE and Song- taaba. The training was interactive and the youth were

Global Money Week 2014

completely involved in the process. Those who responded well to the questions were rewarded with sweets and financialthemed gadgets. Millogo Mariatou , a 19 year old student of the third class, said “she put aside pocket money that her parents gave her so that she could buy a bicycle that she will use to sell the cakes that she makes during the holidays.” Sawadogo Ben Ali, a 15 year old 6th grade student, says that “his parents give him 100 francs per day for recreation and that he has a savings box where he puts 50 francs away a day to save up for a new pair of football sneakers and a ball.”

Cambodia Participants: National Bank of Cambodia, Cambodia Microfinance Association, KREDIT Microfinance Institution, PRASAC Microfinance Institution, ANZ Royal, Cambodian Public Bank Date of event: 11 - 14 March Number of children reached: 900 National Bank of Cambodia in collaboration with KREDIT Microfinance Institution, PRASAC Microfinance Institution ANZ Royal and Cambodian Public Bank celebrated GMW. Activities included an IQ & dream visioning contest, financial training of families & children, and a bank tour. In collaboration with National Bank of Cambodia, PRASAC Microfinance Institution, organized a dream visualization workshop, where children and youth illustrated by painting their future dreams. Subsequently, the participants were then divided into groups of 5, where groups debated with each other and defended their ideas on how they can save for their dreams. Winners of the debate received awards and the other participants learned from the experience. 25 members of youth group and other 250 participants including pupils, teachers, National Bank of Cambodia, Cambodia Microfinance Association, PRASAC and relevant stakeholders were present at this 4 day event. There were over 300 students who participated in this celebration for learning from each other. The competition was divided into 3 sections: first section–general information about using money, second section–intellectual test, and third section–‘the dream comes true’. 5 teams presented their plan and the way to implement this plan successfully. PRASAC encouraged these teams by giving a prize to winner of this competition and other gifts to teachers and students along with a financial support package for the school too.

Cambodian Public Bank hosted a field trip for high school students, age 16-18 years, where 30 youth and their teachers participated in the activity. The focus of the tour was to give the participant a better understanding of the banking environment, how banks operate and the importance of financial education. The lessons included reasons to save, information on loans and effective ways of handling money. The local staff of KREDIT Microfinance Institution in collaboration with National Bank of Cambodia organized financial training with their clients and non-clients. The event focused on general principles of financial knowledge and shared tools that can be used daily. A portion of the training was dedicated to open dialogue between participants and trainers. Parallel to the Financial Literacy Training, financial and entrepreneurial training was organized for children and youth by KREDIT. There was also a painting competition with a financial-theme. The best paintings selected were show-cased to all participants. ANZ Royal organized guided tours of its branches for children and youth, where the branch managers gave the participants an overview of banking activities. The tours were followed by discussions between bankers and youth on topics such as the role of banks in society and the importance of financial education in pursuing career ambitions. ANZ Royal branches Reap and Sihanoukville opened their doors to groups of bright young students from Cambodian NGOs (PSE, Feeding Dream of Cambodia and M’Lop Tapang). The students were given a tour of ANZ Royal exposing them to the professional working environment of the bank. They also got the opportunity to meet and greet some of the ANZ Royal’s team from all levels of the company. All the students were given the chance to sit down for a Q&A session, where the overview of banking and the importance of education and career ambitions were further shared and discussed in detail.

Global Money Week 2014

Cameroon

Participants: Cameroon Center for Microfinance Management and Entrepreneurship Development (CCEMED), YOULEAD, Abakwa Radio FM 99 Date of event: 14 March Number of children reached: 750 On Friday 14th March the Cameroon Center for Microfinance Management and Entrepreneurship Development (CCEMMED) and YOULEAD delivered educational talks on the following themes: financial literacy, how money works, and, the different ways that youth can save. The talks were held at 3 different high schools in Bamenda, namely Government Bilingual High School (GBHS), Longla Comprehensive College and City College of Commerce. â&#x20AC;&#x2DC;Youth Entrepreneurshipâ&#x20AC;&#x2122; was the title of a seminar held in Bamenda on Saturday, the 15th March. The seminar focused on teaching youth how to generate business ideas, the character traits of successful entrepreneurs and how to conduct feasibility studies. African Dream, a Cameroonian NGO, was given 30 minutes of prime time on the national broadcaster Abakwa Radio FM 99 to discuss financial literacy and savings to raise awareness for Global Money Week.

Global Money Week 2014

Canada

Participants: Financial Consumer Agency of Canada (FCAC), Financial Markets Authority in Quebec Date of event: 10 - 14 March Number of children reached directly: TBC During Global Money Week 2014, the Financial Consumer Agency of Canada (FCAC) informed the public of the importance of financial literacy at the local, national and international level through a press release and social media updates. FCAC sent out notifications on Twitter and Facebook about budgeting, saving, banking and understanding financial fraud. FCAC also promoted its financial education resources, including their interactive free financial education program for youth called The City Global Money Week was also celebrated by the Financial Markets Authority in Quebec (AutoritĂŠ des marchĂŠs financiers) through a series of social media updates.

Global Money Week 2014

Chile Participants: Fondo de Solidaridad e Inversión Social, Banco Central de Chile, Super Intendencia de Bancos e Instituciones Financieras, Servicio Nacional del Consumidor,Banco Estado Microempresas, Instituto de Estudios Peruanos, Proyecto Capital Date of event: 17 March Number of children reached: 600 Fondo de Solidaridad e Inversión Social (FOSIS), Banco Central de Chile, Super Intendencia de Bancos e Instituciones Financieras (SBIF), Servicio Nacional del Consumidor (SERNAC), Banco Estado Microempresas and Proyecto Capital - Instituto de Estudios Peruanos, are all organizations that form part of the Financial Education Working Group known as MEF. This working group planned and executed a very exciting event for this year’s Global Money Week. During Global Money Week 2014 the MEF focused its activities in the primary school Colegio Marqués de Ovando, where the savings and financial education program has been running for around 13 years. Altogether, children who have participated in this program have saved around USD26 000 each year for the last 3 years. The activities organized by the MEF were focused around five main topics: the power of saving, budget management, the financial system, responsible debt, and the duties and rights of consumers. Global Money Week 2014 created a benchmark in the coordination of activities done by the MEF. The group seeks to implement coordinated activities to continue advancing the topics of financial education and financial inclusion in the country, with the aim of promoting the National Financial Education Strategy. A Financial Education Game “You Decide” tournament was organized by FOSIS. The game sought to teach participating students about the different economic situations faced by a family in a calendar year. Through 4 financial variables (savings, home expenses, financial debt and income) players can appreciate the correlativity between certain financial decisions. The winner is the player who has met all the goals 48

Global Money Week 2014

related to these 4 variables before the rest of the players. The game is guided by a tutor who acts as the “Bank”. The role of the bank is to make players reflect after an unfortunate or unsound decision and to encourage good financial behavior. A dialogue with Marquis de Ovando College students about the importance of financial inclusion and education, their dreams and how savings and sound financial decisions can contribute to a better future. Emphasis was placed on the importance of recognizing and valuing initiatives such as those promoted by the Marquis de Ovando College, which has implemented the “Ahorra o Nunca” project for the past 15 years. This project encourages students to open savings accounts in the State Bank while they are at school so that they can start saving early and learn how to make wise financial decisions while they are in a nurturing environment. Both SBIF and SERNAC have delivered innovative conceptual and methodological approaches to the children, teachers and administrators of the College on power saving, responsible lending and the duties and rights of using consumer tools. Central in Your Life is an outreach program run by the Central Bank of Chile explains complex economic concepts and processes in an easy and entertaining way so that children and youth better understand terms so that they can make more informed decisions and improve their future quality of life. The lessons that the youngsters learn will have a multiplier effect as children readily share information with their families and communities.

China

Participants: Be Better, Citi Bank China Date of event: 10 - 16 March Number of children reached: 250 Be Better and Citi Bank China co-organized Global Money Week 2014 in China. Children and youth between ages 10-17 years participated in exciting activities such as team survival games on financial topics, bank visits at Citi, workshops on money matters and other social topics. 40 students from Nanjing Yangzi Primary School received an in-depth class which followed the Aflatoun curriculum to learn the value of money through team learning exercises. “The Trip of Money” involved 20 primary students between 10-13 years of age, visiting a Citi Bank branch in Beijing to give the participants a brief idea on banks and savings. A workshop on social rights involved 30 college students from Xinwei College,

with the aim to teach the students money and social innovations skills. A saving and spending workshop took place at Shanghai Qunxing Vocational school and involved 70 students between 15 and 17 years of age. A “Free change, really?” class took place at an Aflatoun learning experience center in Beijing and involved 20 students in the age range of 6-12 years. The class is designed to help the participants learn the truth of free products and services. A “How to Make an Aflatoun Box” class took place in Shanghai Tandog Community Center, and involved teaching 20 primary students how to make and use an Aflatoun Box to satisfy their wishes.

the BeBetter program can improve their decision making in regards to all aspects of their life, including the financial aspects. 北京市新教育实验学校的初中一年级的张丽婷同学-----“国际理财周可以亲身体验近距离地接触银行，对一些设施和功能有更多和更深刻的认识和理解，比如办理窗口这个玻璃挡，因为玻璃挡在安全方面的重要功能，就不再觉得那么有距离感。” “During Global Money Week I experienced how banks work and gained some knowledge of the related facilities and functions. For example, now I understand the glass wall at the receptions desk in the bank plays an important role in bank security. I no longer feel that distant with the bank.”

An interactive discussion involved 25 participants from around Shanghai focusing on the subjects such as how to choose a college, how to plan for their future, career planning and how

Global Money Week 2014

Colombia Participants: Asobancaria, SENA, Dividendo por Colombia, Banca de las Oportunidades, Save the Children Date of event: 10 - 15 March Number of children reached: 483 635 After a very exciting first experience in 2013, Colombia joined Child and Youth Finance International for the 2014 Global Money Week. This year´s main theme was “what do children and youth want for their future?”, which included topics about why they should save, opportunities that banks could offer to children and youth, positive and negative consequences of handling money and recommendations for decision makers. The 2014 organizing committee was led by Asobancaria and made up by SENA, Dividendo por Colombia, Banca de las Oportunidades and Save the Children. In addition, they had the participation of 17 of the most important commercial banks, other institutions such as Banco de la República, Superintendencia Financiera de Colombia, Fasecolda, Fogafin, Mastercard and Credibanco, 82 schools and 2 universities. The schedule of activities for the Global Money Week this year was quite diverse and exciting and included financial education workshops at schools, plays and games about the importance of savings, visits to the interactive money museum, storytelling, dramas, and workshops with the materials that the committee has developed. Children and youth visited banks around the country and had the opportunity to talk about savings and to learn how to save for their future. Additionally, they talked about money and its different functions. They were also involved in entertaining initiatives such as theater and games to discuss the savings and their importance. Some institutions gave out piggy banks and all of them used their social media networks (such as Facebook and Twitter) to reach children and youth through shareable financial education content.

Financial education has been definitively enriched by what we all know by now as Edutainment. The organizing committee of Global Money week in Colombia planned a series of fun activities to teach children and youth about the importance of becoming financially fit. The youth learnt through workshops about investment where they were especially interested in the capital market and the different way they can invest. The younger children had fun learning about savings in a mobile classroom. They rode around the city in a bus making their own their own piggy banks. In Cartagena, over 250 children and youth visited the Banco Caja Social to learn about the banking system and to open their personal savings accounts. A group of youth also participated in the International Aflatoun Skype call in which they exchanged experiences with youth from Guatemala and children from Surinam. In order to promote their financial enterprise, eight youth made a video explaining how they save money through a communal garden. Lastly, a group of over 100 children, youth and adults painted a mural in their community to promote savings and environmental protection. In Barranquilla, youth participated in the International Aflatoun Skype call, painted a mural in promotion of Aflatoun and savings, and hosted an enterprise workshop in which youth shared their enterprises with peers in their communities in order to spark their entrepreneurial spirit and motivate them to save. The field office also hosted a March of Colors in which 230 youth participated. The purpose of the march was to promote the Aflatoun program and the importance of savings within the community.

Global Money Week 2014

Costa Rica

Participants: CONASSIF, SUGEVAL, SUPEN, SUGESE, SUGEF, Ministry of Education, Banco Central de Costa Rica, National Strategy for Financial Education, Banking Association Date of event: 17 March Number of children reached: 300 Efforts in Costa Rica are framed by the work that the 4 supervisory authorities of the financial system (SUGEVAL, SUPEN, SUGESE and SUGEF) have undertaking towards the concretion of the National Strategy for Financial Education. The Ministry of Education, the Central Bank, the Banking

Global Money Week 2014

Association and various NGOs collaborated to bring financial education fun to Costa Rican children. National Council of Supervision of the Financial System (CONASSIF) members visited children and youth in schools to talk about the importance of financial education for children and youth. They entertained and educated the students with stories highlighting the positive benefits of well-planned financial behavior.

“Cámara de Bancos has been supporting financial education in private and public school all over the country with the Young Bankers Progra, which is now part of the official financial education program of the Ministry of Education.” Guillermo Quesada, President, Banking Association

Croatia Participators: Ministry of Science, Education and Sports, Ministry of Finance, Ministry of Economy, Croatian National Bank, Croatian Financial Services Supervisory Agency, Croatian Insurance Bureau, Croatian Banking Association, Croatian Employers’ Association, Zagreb Stock Exchange Date of event: 10 - 17 March Number of children reached: 300 Croatia celebrated Global Money Week for the first time this year with an inauguration round table discussion called “Reaching Financial Literacy through Financial Education” (Croatian “Financijskim obrazovanjem do financijske pismenosti”) held at the Ministry of Science, Education and Sports’ premises, joined by the representatives of the Ministry of Finance, Ministry of Economy, Croatian National Bank, Croatian Financial Services Supervisory Agency, Croatian Insurance Bureau, Croatian Banking Association and Croatian Employers’ Association. The importance of child and youth financial education was the main topic of discussion. Another round table was held in by the Croatian Banking Association and magazine Banka on “Banks in Economy: Who will Take the Risk.”

of Law, the Croatian Insurance Bureau held a lecture for students on financial literacy, while at the University of Zagreb, Faculty of Economics, the Croatian Insurance Bureau held a lecture for students on financial literacy. During the week, high school students visited the Croatian National Bank, Zagreb Stock Exchange, as well as some commercial banks and insurers where they learned about the different aspects of their financial responsibilities and options. Publications, designed for different age groups, were produced and distributed by the Croatian Banking Association and the Croatian Insurance Bureau who distributed the “Mini Banking Dictionary” for children and “What is the Actual Purpose of Insurance, respectively.”

The Croatian Banking Association held a panel discussion called “Money, Banks, Financialization” (“Novac, banke, financijalizacija”) at a public library in Zagreb. Prior to the event, the Ministry of Science, Education and Sports sent a letter to all high schools informing them of the celebration and the possibilities to learn more about the Week and financial issues. A “Croatian Employers’ Association Working Lunch” was held in Zagreb where a discussion on monetary and fiscal issues concerning the youth. At the University of Rijeka, in the Faculty Global Money Week 2014

Democratic Republic of the Congo

Participants: PEREX-CV, Banque Internationale Pour l’Afrique au Congo Date of event: 10 - 16 March Number of children reached: 100 Programme d’Encadrement et de Reinsertion SocioEconomique des Jeunes Ex Combatants avec autres Vulnerables (PEREX-CV), an NGO dedicated to bettering the lives of young ex-combatants, lead the Global Money Week 2014 celebrations. PEREX-CV collaborated with the International Bank of Africa by helping 100 children and youth in Butembo open bank accounts. The children’s parents were informed of the importance of savings through social media and traditional media (such as print and radio).

Global Money Week 2014

Dominican Republic Participators: Banco del Progreso, Banesco, Banco Ademi, ADOPEM, Banco Popular, Asociación La Nacional de Ahorro y Préstamos, Asociación de Bancos Comerciales de la R.D., Asociación Popular de Ahorros y Préstamos, Asociación Cibao de Ahorros y Préstamos, Minister of Industry and Commerce, Banks Supervisory Authority, National Office of Statistics, Central Bank of Reserves, Banco Peravía, Children International Date of event: 10 - 14 March Number of children reached: TBC A host of activities took place in Dominican Republic during Global Money Week thanks to a multi-stakeholder effort from: Banco del Progreso, Banesco, Banco Ademi, ADOPEM, Banco Popular, Asociación La Nacional de Ahorro y Préstamos, Asociación de Bancos Comerciales de la R.D., Asociación Popular de Ahorros y Préstamos, Asociación Cibao de Ahorros y Préstamos, Minister of Industry and Commerce, Banks Supervisory Authority, National Office of Statistics, Central Bank of Reserves, Banco Peravía, Children International, and national advisor and business celebratory Alejandro Fernández. Activities during Global Money Week in the Dominican Republic included different workshops, games, a financial fair and more! The Central Bank put together a series of lectures explaining its role in the country’s economy. Children and youth learnt about monetary policy by playing interactive games in a specially designed game-hall at the Central Bank. Children then had a chance to join a guided tour of the Money Museum. During this fun activity they had the opportunity to see the permanent numismatic and philatelic collection of the Central Bank.

initiative had a informative and interactive stand to inform children and youth about their financial education project or programs Youth could then engage their knowledge in entrepreneurial experiments in one of the several entrepreneur themed workshops. Other workshops held during the week focused on topics such as the payment system, inflation, savings for children and youth, the smart use of credit products and services, the history of Dominican Republic bills and coins, economic journalism and how to take care of personal finances. Children International’s field office in the Dominican Republic hosted a variety of activities in celebration of Global Money Week and Aflatoun Day. This included a visit to the Central Bank of the Dominican Republic with 50 children and youth and seven adults, who participated in the activities planned by the Central Bank including lessons on the systems of the bank, entrepreneurship, savings, and inflation. Youth also participated in the International Aflatoun Skype calls with other children and youth from Mexico, Colombia and Brazil. Other activities that took place throughout the week included piggy bank making, the presentation of a play on savings, story making and storytelling about the importance of saving water, and discussions with children, youth and community members on topics such as savings and children’s rights. In order to promote financial education with a wider audience, Juana Fabían, the Aflatoun Facilitator in the Dominican Republic, appeared on a television show to discuss Global Money Week and the Aflatoun program.

The older youth from 38 schools and colleges toured the Financial Fair which showcased what is currently being done in the area of economic and financial education in the Dominican Republic. Each of the organizations participating on the Global Money Week 2014

Ecuador Participators: Central Bank of Ecuador, Superintendencia de Bancos, Association of Banks, Fundación Crisfe, Children International Date of event: 11 - 14 March Number of children reached: 300 This Global Money Week was the first that the Central Bank of Ecuador, the Superintendencia de Bancos and the Association of Banks joined in on the celebrations. Their activities were a great example of how multiple, smaller efforts contribute to reaching a single bigger goal. The Central Bank of Ecuador collaborated with the Superintendencia de Bancos to invite children and youth to visit the Central Bank Museum in the frame of their financial education program, which has been being implemented for the last 2 years. Superintendencia de Bancos supported the tour by providing financial education didactic material to inform children and youth about the work that the Superintendencia has undertaken on the topic of financial education, while the Central Bank educated the youngsters so that they could better understand how a central bank works and what their role is in a country’s economy. Fundación Crisfe held a financial and entrepreneurship gymkhana. The goal of the activity was to develop money management and entrepreneurial skills. The methodology was based on an experiential model that promotes the strengthening of entrepreneurial skills and financial decision making through different learning levels. The gymkhana encouraged the youth to make their own business decisions by proposing scenarios that allow them to invest, save, win, lose or donate money. Each activity was designed in sequential order for participants to strengthen their ability to make responsible financial decisions and to develop entrepreneurial skills. Once students accomplished the 5 activities the money that they earned at the different learning levels accumulated was turned 56

Global Money Week 2014

into points – and the participant who had the most points won! In Guayaquil, the Children International field office hosted a panel discussion at the Ecuadorian American Chamber of Commerce about the importance of social and financial education programs. Participants on the panel included representatives from Banco de Guayaquil, Banco de Pacífico and the Superintendence of Companies. The majority of the members of the audience were youth who interacted with the panel participants and asked questions. In Quito, Aflatoun participants visited a branch of Banco del Pacífico to learn about savings and checking accounts, budgeting and the importance of saving with a financial institution. The activities were child-friendly and interactive. Another group of children visited Mini City, a learning center, where the children were given money to make purchases in the miniature city and where they could do small jobs to earn more money. This taught children the utility of money and a job and how best to manage their money in a responsible manner.

Egypt Participants: Egyptian Banking Institute and the Central Bank of Egypt, Egyptian Stock Exchange Authority, Egyptian Financial Supervisory Authority, Cairo University (Faculty of Economics and Political Science), Plan Egypt, Aflatoun, Ministry of Youth & Sports, Ministry of Education, The Egyptian Paralympic Committee, BBC International School- Hayah Academy, Green Heights International School, Global Paradigm International School, Al Afak Al-Gadeda International School (ACIC), Modern Education School), Arab African International Bank, The National Bank of Egypt, Banque Misr, Blom Bank, Export Development Bank of Egypt, Housing and Development Bank, Societe Arabe Internationale de Banque Date of event: 10 - 17 March Number of children reached: 360 000 The Egyptian Banking Institute (EBI) coordinated exemplary activities for Global Money Week this year. They collaborated with multi-sectorial organizations to arrange activities that involved more than 360,000 children and youth. The highlight of the week was when students opened the stock exchange by ringing the bell in the presence of high level governmental and media representatives. EBI ensured that all key players were involved in this nationwide initiative for Reshaping the Future Egypt by covering all 27 Egyptian governorates (with special attention to the less developed governorates) and all educational systems including learners with special needs.

champions were also involved in these sessions which were conducted in partnership with the Ministry of Education, Ministry of Youth, The National Bank of Egypt, Banque Misr, Arab African International Bank, Blom Bank, Societe Arabe Internationale de Banque , Cairo University (Faculty of Economics and Political science), Egyptian Paralympic Committee, and Plan Egypt. Employees of the Ministry of Education, Ministry of Youth, and banks were also invited to attend workshops to empower them to be able to increase financial literacy and financial education activities within their institutions. The Egyptian Stock Exchange Authority (ESEA) invited school students to ring the bell to mark the opening of trade in the name of child and youth financial inclusion and education. Youth from high schools and youth centers were educated on how the stock exchange operates and its value in the economy by the ESEA and Egyptian Financial Supervisory Authority. Stock exchange study tours were organized for students from partner schools. An online simulation stock exchange game “Stock Riders” was played by around 10,000 students during Global Money Week. The game was developed by Egypt Stock Exchange Authority, and Banque Misr who offered awards for winning students including BM debit card for youth and investment certificates.

An entrepreneurship competition was held for GMW participating schools and judged by EBI representatives. EBI also coordinated Training of the Trainer (TOT) sessions on financial education, conducted by volunteer facilitators from the Ministry of Youth, the Ministry of Education, and Egyptian banks, in partnership with Plan Egypt, Aflatoun, and the Egyptian Stock Exchange Authority (ESEA). By 17th March there were 2400 newly trained facilitators.

204 bank branches from the Banque Misr, Arab African International Bank, Export Development Bank of Egypt, Housing and Development Bank, National Bank of Egypt invited over 4000 students to tour their premises. Banque Misr and Export Development Bank of Egypt showed students how banks trade from the dealing room of their headquarters. Students also visited the Money Museum, where they learnt about the history of money and currencies in Egypt since the Ptolemaic Era. The visits were sponsored by the Central Bank of Egypt and Banque Misr.

Finance awareness sessions were conducted in schools, youth centers, and universities. 200 of the Egyptian Paralympic

The Central Bank Deputy Governor, Banque Misr Deputy for Treasury & Investment, and their respective top management

officials held a high-level meeting during the week to discuss the future of financial education and inclusion for youth and children in Egypt. A cartoon called MQ Financial Literacy Series for children and youth was developed by the Arab African International Bank, and played during GMW. “Shaping the Future” and Savers T-shirts were decorated with a fun image of an ATM and distributed to 30 000 students by Plan Egypt, the National Bank of Egypt, and Societe Arabe Internationale de Banque. The t-shirts are a reminder to the youth to continue to spread the culture of saving when Global Money Week comes to end. Students also signed a pledge to remain committed to spreading the culture of financial awareness.

Global Money Week 2014

El Salvador Participants: Catholic Relief Services, Central Bank of Reserves, Superintendence of the Financial System, Institute of the Deposits, Consumer Protection Bureau Date of event: 12 - 21 March Number of children reached: 1560 Through a series of fun educational sessions El Salvador celebrated Global Money Week 2014 – with 180 children and youth participating on the first day! Global Money Week in 2014 was framed by the celebrations of the 5th anniversary of the launch of the National Financial Education Strategy. The Strategy was developed in collaboration between the Central Bank of Reserves, the Superintendence of the Financial System, the Institute of the Deposits and the Consumer Protection Bureau, to bring financial education to the Salvadoran population, with a special focus on the children and youth. El Salvador’s Financial Education Strategy aims to impart financial knowledge and to develop useful skills in children and youth so that they are equipped to make financially sound decisions when they are adults. Plan International and the Municipality of Santa Tecla organized a Financial Education Fair were children and youth were welcomed by an address from high-level representatives of the organizing institutions. Children and youth learned about the “History of Currency in El Salvador” and watched a performance of the story “The Botija”. Children and youth also presented their own stories on topics such as savings and money management. The best stories received an award from Plan International and the Municipality of Santa Tecla. Additionally, the Central Bank of Reserves awarded 120 scholarships to students starting university. They also had fun playing a series of educational games that helped children better understand financial issues. Participating schools included: El Retiro de Ayutuxtepeque located in Cantón El Matazano, Centroamérica y Colonia 58

Global Money Week 2014

Quezaltepeque in Santa Tecla and Arturo Ambrogi in the municipality of Colon. All educational activities during Global Money Week were implemented with the support of Plan International. The National Institute of Puerto de La Libertad inaugurated its financial education program “Know your Money” at an event attended by 600 children and youth. Workshops were hosted by the Catholic Relief Services at schools and colleges in the San Salvador and Santa Ana districts. The students were introduced to basic banking principles and made aware of the importance of saving. Youth from El Salvador also participated in a Video Chat Café with youth from Spain where they discussed savings, crowd funding and entrepreneurship.

Estonia Participants: The Entrepreneurship Theatre NGO, Lääne- Viru College, Financial Supervision Authority, Estonian Banking Association, The NASDAQ OMX Tallinn Stock Exchange, Retla Kool Date of event: 11 - 12 March Number of children reached: 180 Two-days entrepreneurship conference “Make the idea happen” was organized by the Entrepreneurship Theatre NGO for students during Global Money Week. “Plantest Grupp”, proposed by Andre Talu, was chosen as the ‘strongest business plan’. “Find your Heart” by Mariann Kase and Maaren Tammemaa was considered the ‘best social idea’ and elected the crowd’s favourite. Siim Reedo and Raul Rajang won in the ‘business idea category’ with their idea “My Best Pet”. Their internet platform was decided as the most innovative solution. The participants enjoyed the competition and requested that it be held again next year. The jury’s encouraging attitude and constructive input on the proposals encouraged many of the participants to carry on developing their business ideas and to work towards bringing them their plans to life. The winners were awarded with a mentoring session by an economy lecturer Lääne-Viru College. Representatives of Financial Supervision Authority, Estonian Banking Association and The NASDAQ OMX Tallinn Stock Exchange gave a presentation about different topics of financial education to 15 teachers. Financial planning and security was discussed with the teachers as well as advice on dealing with problems which arise for them as well as their students. Everyday banking services and loan possibilities were put into perspective, and saving, investing and pension plans were discussed. A financial exercise brought the day to a close. Entrepreneurship Theatre NGO taught students of Lääne-Viru College how they can teach their peers financial skills. Participants began with a test to assess their financial knowledge and were then taught how to create a budget. Next,

there was a group study on how to deal with challenges in finance, after which, study groups gathered for a creative exercise – they created a collage displaying the different stages of finance. At the end of the day they were tested on what they learnt with a fun quiz. Students who are members of Entrepreneurship Theatre NGO in Estonia chatted with students from The King Fahad Academy in the UK in a Video Chat Café, while students from Retla Kool in Estonia connected with students from the International School Rheintal in Switzerland. Each group of students had an hour long online chat via Google Hangout where they all had a chance to share their thoughts on money, savings, budgeting, etc. In two classes where finance was the theme, Retla Kool’s teachers taught their students about the historical use of money, and the difference between the Euro and Kroon (the former Estonian currency). The teachers from the primary school gave their students a ‘Piggy bank – saving money’ lesson which has made the children aware of the importance of saving. While in the art classes (throughout the grades) a drawing competition called ‘My money’ encouraged students to draw money as they wished to see it, and how they wished people would spend it. ‘The Money Tree’ was another art exercise were the students drew money trees with their dreams on it. In Retla School, a Swedbank representative explained to the students about finance, banking and which bank accounts they can open. In a finance class students discussed what they learnt about banking during Global Money Week and discussed ‘pocket money’ and why it is important to save it and not waste it. The students also learned about budgeting, for families as well as individuals. Teachers also explained how looking after money and spending it wisely allows governments and individuals to funds many non-finance related areas such as media, theatre, film production, etc.

Global Money Week 2014

Ethiopia Participants: World Learning Ethiopia, Commercial Bank of Ethiopia[CBE], Ministry of Women and Children’s Affairs, Education Sector Offices, 127 Primary Schools in different programme areas, Jimma University, National and local media(Radio and Television, newspaper), Amhara Credit and Saving Institute Date of event: 10 - 17 March Number of children reached: 36 100 Ethiopia celebrated Global Money Week from start to finish reaching around 36 100 children and youth from 200 schools from across the country. World Learning Ethiopia celebrated both International Aflatoun Day and Global Money Week by organizing cultural and educational activities with a financial theme. Exhibitions displaying artwork made by young members of a variety of Ethiopian children’s social and financial clubs; drama and song performances; and sports competitions

Global Money Week 2014

were a few of the cultural activities which encouraged children to become more financially aware. A circus was the highlight of the week, and proved to be a great way to get children from all around the country excited about Global Money Week. An educational activity conducted during the circus celebrations was the orientation on the “role of money” in the social development of children and youth. Prizes, such as an Oxford Dictionary, were awarded to children who had savings accounts and who showed that they had been saving instead of withdrawing. This was done to encourage more children and youth to sign up for accounts and save. Representatives from micro-sectorial institutions (e.g. micro finance, government, banks and education) participated in a panel discussion on the topic of inclusive financial services. World Learning Ethiopia also organized children to visit banks were they learnt how they work and why they exist. A group of Ethiopian children took part in a Video Chat Café with groups of kids from around the world. The kids had fun chatting and

learning from each other about the different things that they know about money and savings. World Learning also printed and distributed posters and T-shirts for the events in order to create a buzz around Global Money Week. “My friends and I were able to share experiences from different schools and we are now inspired to undertake innovative enterprises and save at the bank.” A student from Medhanialem primary school Addis Ababa “Our school received the ‘Innovative financial enterprise’ award and I am glad that children’s innovations were rewarded this year. Such encouragements help children think differently and be more innovative.” An Aflatoun focal teacher from Temenja Yaj School Addis Ababa

Fiji

Participants: Reserve Bank of Fiji Date of event: 17 - 18 March Number of children reached: 4000 Reserve Bank of Fiji and Vuli the Vonu (the national financial literacy champion) celebrated Global Money Week by organizing an informative event called “Students Encouraged to Be Money Wise”. During the Global Money Week, the Reserve Bank distributed over 3600 student diaries through the Ministry of Education to more than 30 schools in Fiji, as part of the of the Reserve Bank of Fiji’s continuing efforts to raise awareness on financial literacy. Governor of RBF Mr. Barry Whiteside expressed the importance of financial education and encouraged children and their parents to actively learn about finances.

on achieving one’s personal and financial goals. It is with this theme in mind that the Reserve Bank of Fiji designed the 4th edition of the Student Diary that is targeted at high school students. The colourful handy size Student Diary has been designed for students from forms 4 to 7. This years theme, “be money wise”, focuses on ‘money smart’ principles of saving and investing. The Diary includes other useful financial information and budget planners to help students keep track of their income and expenses, while also allowing them to plan their daily activities and studies.

Reserve Bank of Fiji and Vuli the Vonu, a national Financial Literacy Champion, presented copies of the latest RBF Student Diaries to Yat Sen Secondary School students at their school assembly. The Governor of the Reserve Bank highlighted that financial education is now taught in core subjects in the classroom, therefore parents, guardians and teachers need to support students with their studies and help them to translate classroom learning into better decisions and actions, such as prioritising their wants and needs, planning ahead, prudent spending and making a life time habit of saving. The Governor said that improving financial literacy and competencies of all Fijians indirectly contributes to consumer empowerment and promotes a more robust and efficient financial system, which can add to national savings and supports economic growth. Studies have shown that good personal money management skills can make a positive impact Global Money Week 2014

Finland

Participants: The Bank of Finland Date of event: 12 March Number of children reached: 50 The Bank of Finland celebrated Global Money Week on the 12th March by hosting a group of students on their premises. The students were from two high schools Helsingin Kuvataidelukio and MĂ¤kelĂ¤nrinteen Lukio. The teenagers heard about the history of money, its effect on society, and how the central bank operates.

Global Money Week 2014

France

Participants: NYSE/Euronext Paris Stock Exchange, Ashoka France Date of event: 17 March Number of children reached: 10 Youth, together with Child & Youth Finance International rang the Euronext Paris stock exchange closing bell on Monday 17 March. The ceremony marked the end of 8 days of celebration around the world in aid of raising public awareness about the need for financial literacy, jobs for youth, and entrepreneurship skills during the 2014 edition of Global Money Week. The need for financial education and greater financial inclusion has never been greater in Europe, with youth unemployment at historic all-time highs. Paris NYSE/Euronext showed a great symbolic commitment of the business community toward young people, their dreams, and financial future by inviting youth to the ‘closing of the exchange’ ceremony. During Global Money Week, more than 20 stock exchanges worldwide invited youth to visit the stock exchange, learn about money, participate in “ring the bell ceremonies,” and to share their ideas and opinions with business leaders.

Global Money Week 2014

Gambia Participants: Family Therapy Association of Gambia, Youth Movement Against Crime (YMAC), Centre for Peace and Development Studies (CPDS) Date of event: 19 March Number of children reached: 33 Gambiaâ&#x20AC;&#x2122;s Global Money Week lead organization The Family Therapy Association of Gambia organized a financial education awareness workshop on the 19th March, in collaboration with the Youth Movement against Crime, and the Centre for Peace and Development Studies. The workshop was attended by children and youth, who have physically challenged parents, to sensitize them on the importance of saving money, and how, if they start with small amounts their savings will add up and have a big impact on their life in future. The reason why the majority of children targeted in this event are children whose parents are often disabled or blind is because these children are often encouraged to support their parents by begging and asking for money. The Family Therapy Association feels that one of the ways that they can offer support to these children is by sensitizing them to the importance of saving money and how it will impact their life in future. There is no financial support available to disabled parents or their children so this campaign aims to raise awareness to bring optimum support for everybody regardless of their race, color or financial background. The Family Therapy Association of Gambia believes that by educating children about their financial options they will be better equipped to fight poverty and unemployment in the future.

Global Money Week 2014

Georgia Participants: National Bank of Georgia, Privat Bank Georgia Date of event: 10 - 17 March Number of children reached: 410 National Bank of Georgia organized an educational tour for the children from socially vulnerable and large families within the framework of Global Money Week. Children visited the Money Museum of the National Bank of Georgia in Kvareli, a small town in Eastern Georgia where they received information about the history of Georgian currency. Youngsters also visited the Ilia Chavchavadze Museum. The Money Museum of the National Bank of Georgia is a unique place to receive information about the history of the Georgian currency and currency in general and it frequently hosts guests, especially from the young generation. National Bank of Georgia hopes that other financial and educational organizations will join them in celebrating Global Money Week next year. This will give them the possibility to reach more children and youth and inform them about the importance of money, savings culture and personal finance management, that is in turn one of the preconditions for raising level of financial literacy and financial inclusion. 20 Privat Bank branches in 9 Georgian cities opened their doors for school children aged 10-16 to tour their bank. Bank employees provided youth with interesting and useful information about money, budgeting, and managing personal finances, as well as about banking system and banking services. The bank also organized 3 groups of school children to visit the Money Museum of National Bank of Georgia.

Global Money Week 2014

Germany

Participants: Bain & Company, My Finance Coach Stiftung GmbH Date of event: 10 - 17 March Number of children reached: 1745 In DĂźsseldorf, 6 financial education workshops for children aged 9-10 were held by Bain & Company. The topics included in the workshop were: spending, saving, investing and donating money. The organizers gave each child a piggy bank so that they could put their lessons into practice. My Finance Coach visited 59 grade 5-10 classes around Germany and hosted various activities celebrating financial literacy. Through the use of topics such as shopping (needs and wants, influence of advertising, and consumer rights), planning (income and expenditure, one-off purchases and on-going expenses) and saving (different financial products, investment, and risk-return-liquidity) around 1475 students were reached from all school types in Germany. To stress the importance of financial literacy, My Finance Coach created a â&#x20AC;&#x153;Global Activityâ&#x20AC;? for students in all participating MFC countries to take part in. The Global Activity was a worksheet which highlighted the importance of saving and planning when it comes to achieving goals. On Friday 14th March, My Finance Coach also coordinated an exciting financial education activity for students with physical disabilities. This is the second year My Finance Coach has conducted class visits for students with physical disabilities during Global Money Week and they plan to make it an annual activity!

Global Money Week 2014

Ghana Participants: HFC Bank, Save the Children Ghana, AIESEC Ghana, Head of State Award Scheme, Camfed Ghana Date of event: 12 - 15 March Number of children reached: 2760 Global Money Week in Ghana was celebrated with an array of different events organized by various financial and social organizations. The HFC Bank in collaboration with Save the Children Ghana and Head of State Award Scheme invited approximately 260 students from public high schools to visit HFC bank branches in Takoradi, Kumasi, Labone, Nkoranza, Koforidua and Accra throughout the week for a bank open house day. The visits included a special tour of the bank branches and a ‘question and answer’ session about savings The top 3 savers per frequency from each selected school were given an award during the school’s morning assembly before the visit to the bank.

AIESEC Ghana, an internationally known youth-led non-profit organization which provides leadership training and internships for the youth, visited the Adenta Community School and North Legon School Complex to give a talk on savings to about 500 primary and junior high school students with the help of Unibank. In the spirit of GMW, members of the Camfed network presented a financial literacy radio program on Zaa Radio. The program is estimated to have had a reach of over one million people. They discussed a variety of topics live on air, including budgeting, how to earn money, savings, and preventing the phenomenon of ‘kayayo’ (young women who leave their communities to become porters in urban centers, which increases their vulnerability to exploitation and abuse), and how financial literacy directly affects women’s rights. It’s a show directed at young women but the radio program has a much wider variety of listeners.

Quotes from listeners and callers of the Camfed Radio programme: “The knowledge that I gained from your program has helped me a lot as an entrepreneur. I especially appreciate the lesson that as a business woman you need to pay yourself - I didn’t know this… But now, thanks to you girls I will treat myself better and grow my business.” “After my family listened to the program I have seen a lot of changes in [my father’s] attitude towards the bringing up of my sisters, and his involvement of my mother in decision making.”

Global Money Week 2014

Greece Participants: SOS Children’s Villages Date of event: 17 March Number of children reached: 30 Youth from Thessaloniki’s Youth House and Athens Support Centre of SOS Villages participated in a Video Chat Café call. One of the preparatory activities for this call was that the youths had to research facts about the countries that they would be speaking to students from, namely Nicaragua and Venezuela. Children on the other side of the call were excited to see the big flag that their Greek peers had made for them, with a poster written in Spanish. The youth from both sides of the call loved having the opportunity to share information about themselves, their culture and their different ways of thinking about money and good spending practices.

Global Money Week 2014

Guatemala Participants: Central Bank of Guatemala, Banco de CrÉdito Hipotecario Nacional, Superintendencia de Bancos SIB, Educative Festival, Catholic Relief Services Date of event: 10 - 17 March Number of children reached: 20 664 The Banco de Guatemala and the Bank Superintendence, with the support of the Ministry of Education participated for the second consecutive year in Global Money Week. They held the XXIst Economic and Financial Education Festival which proved to be a great way for children and youth to learn about their economic rights and education. The festival was held at Carlos Mérida Plaza and El Obelisco and ran the right through Global Money Week. 11 educational presentations were received by more than 8 664 students from educational establishments in Guatemala City. An educational play “La leyenda del árbol de dinero” was also performed for the youth’s entertainment. It is estimated that during Global Money Week these institutions shared important economic and financial information to more or less 12,000 children, youth and their families. The Economic and Financial Education Festival was such a success that it will presented in the villages of Quiché, Coatepeque, Totonicapán, Jutiapa, Izabal and then, later this year, and once again in Guatemala City. The Catholic Relief Services held meetings in Olopa and La Unión were they discussed the current status of financial education and the financial products available to children and youth in Guatemala. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Guatemalian children and youth themselves.

Global Money Week 2014

Haiti Participants: Fonkoze Date of event: 10- 14 March Number of children reached: 150 Fonkoze conducted a five-day training program to teach financial literacy to young Haitian women in the coastal city of Jakmel. Koze Jen (“About Youth” in Kreyol) is about developing capacity, collaboration, and community between Fonkoze and the 15-24 year old women who enter the program. The five-day program covered topics such as budget development, identifying the difference between needs and wants, planning and preparing for emergencies, and creating and utilizing a financial diary. This initiative was designed to help these women become independent future leaders. Over the course of the week approximately 150 young people participated in the workshops. As Davins put it when describing her motivations for joining the savings group, “I’m saving so that I can be independent and not a burden on my family. I can now purchase the school supplies I need with my own money.”

Global Money Week 2014

Honduras Participants: Central Bank of Honduras, FICOHSA, Catholic Relief Services Date of event: 10 - 17 March Number of children reached: 130 The Central Bank of Honduras was welcomed into the Global Money Week celebrations for the first time this year. The financial institution FICOHSA hosted financial education activities for early childhood. Children from a very early age (2-4 years old) joined storytelling and drawing sessions simultaneously in Honduras and Spain. The Central Bank of Honduras hosted school students of all ages to their premises in order to teach them about the Central Bank role in their countryâ&#x20AC;&#x2122;s economy. The Catholic Relief Services held meetings in the district of La Paz were they discussed the current status of financial education and the financial products available to children and youth in Honduras. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Hondurian children and youth themselves. Freedom from Hunger and CYFI joined on a NGO alliance webinar about financial services, where more than 30 organizations will be participating. This webinar was complemented with a global discussion between youth from the different countries and projects.

Global Money Week 2014

Iceland Participants: The Nasdaq OMX Nordic Stock Exchange, Reykjavik University, Central Bank,National Museum, Institute for financial Literacy, Debtors’ Ombudsman, Iceland Chamber of Commerce, The Consumer Agency, The Financial Supervisory Authority, Ministry of Finance, Meniga, Arion Bank Date of event: 10 - 14 March Number of children reached: 1000 Iceland conducted a host of exciting events during this year’s Global Money Week. Celebrities, games, lectures… Iceland covered it all! To launch the celebrations, the students in 10th grade (15-16 year olds) of Salaskóli Elementary School rang the bell at the Reykjavik NASDAQ OMX Stock Exchange on the 10th March. The event was organized in collaboration with the Icelandic Chamber of Commerce. Next, Icelandic celebrity singer, economist and football player Jon Jonsson educated children about how they can save money and then entertained them by performing a line-up of his most popular songs. The world premiere/kickoff of a new educational financial literacy game developed by a team of students at Reykjavik University was held mid GMW celebrations. The launch was held at Salaskoli Elementary school with students from both Salaskoli and Lindaskóli elementary school taking turns playing the game. Children also had a fun and educational time when they were taken on a guided tour of the Central Bank of Iceland and the National Museum’s Coin Exhibition. For the older youth, a series of Youth Talks were held at the University of Reykjavik and hosted by specialists from Institute of Financial Literacy, Financial Supervisory Authority, Ministry of Finance, The Debtors’ Ombudsman and The Consumer Agency. The Consumer Agency engaged with youth at the Smáralind and Kringlan shopping malls distributing fliers, raising awareness (especially about the effect of the new consumer loans legislation) and answering questions.

Global Money Week 2014

India Participants: Kalinga Institute of Social Sciences, Reserve Bank of India, SHARP Date of event: 10 - 13 March Number of children reached: 500 Kalinga Institute of Social Sciences (KISS), SHARP and Reserve Bank of India organized separate Global Money Week celebrations in India. Activities involved youth visits to banks, workshops on the topics of money and history, and screening of education films, and interactive sessions on various financial, social and livelihoods related topics. Groups of students organized by KISS visited branches of Punjab National Bank in groups of 20-25. During their visits, students learned about the function of banks, how they could open bank accounts and other related financial matters. KIIT School of Management organized an interactive session with students on the topics of barter system, purpose of coins and paper currency, and the different currency around the world A strong emphasis was given to the need to save and invest money. A large group of students from KISS were shown educational videos on the topics of: the history of the Indian rupee, the history and measure of money, the problems and evolution of money, and “how do banks function and profit”. After the videos were screened the participants broke into groups and discussion was stimulated to delve deeper into the topics touched on by the videos.

KIIT School of Management organized an interactive session on political science, business studies, geology, commerce, economics and social work to discuss in detail Financial Inclusion and Economic Citizenship. The participating students were from vulnerable and marginalized societies. Various other topics were discussed as well, such as exchange rates, basics of import and export, account deficit, sovereign debt and more. Reserve Bank of India and SHARP organized an interactive session with high-school students on the topics of financial fraud and various kinds of educational loans available from various banks for pursuing higher education. SHARP organized a financial learning game called the “Spending Spree” in order to teach the participants about proper spending behaviors. In Kolkata, Children International celebrated Global Money Week and Aflatoun Day by hosting a series of activities around the theme of “Youth should learn about how money works.” The activities included discussions, debates, bank visits and inspiring speeches from Bank Managers of various public sector banks. Over 180 youth and 60 adults participated in the bank visits where the youth learned how to open and maintain a bank account. The participating banks included the State Bank of India (Hazra Branch), the Bank of India (Morjada Branch) and United Commercial Bank (Chaulpatti Branch). Youth and adults alike were motivated by this activity and opened their personal bank accounts.

SHARP organized a session on the importance of financial savings, how to open a savings account, and examples of planned as well as unplanned expenditures. Gifts sponsored by Reserve Bank of India were given to the participants at the close of the session. Global Money Week 2014

Indonesia

Participants: Allianz Indonesia, Allianz Indonesia CSR/ Yayasan Allianz Peduli (Allianz Care Foundation), My Finance Coach, Yayasan Cinta Anak Bangsa (YCAB), YCAB Mangga Dua, YCAB Duri Kepa High Schools Date of event: 10 - 17 March Number of children reached: 200 High school students from low income families received an in-depth financial planning workshop hosted by Allianz Indonesia at the Allianz tower in Jakarta. The Planning Basic module, from the Allianzâ&#x20AC;&#x2122;s curricula, was modified to suite the studentsâ&#x20AC;&#x2122; needs and the Global Money Week campaign theme. They transformed the exercises in the module into real life role play such as how to plan to buy a motorcycle in the future, how much income can be collected within a year and what to purchase when owning a motorcycle. The students will act as fresh graduate employees with expenses to pay. They created booths to represent each expenditure, for instance; motor insurance, One-stop Administration Services for driving license, gas station, motorbike dealer, malls and such for the students to shop and find out how much each expense will cost. The exercises taught the students how they should make financial planning before buying goods and how to use alternative and simple types of payment methods (saving & installment). These payment methods advantages and disadvantages were debated in detail.

Global Money Week 2014

Ireland

Participators: SpunOut.ie Date of event: 10 - 16 March Number of children reached: 3416 During Global Money Week 2014, SpunOut.ie did a homepage takeover on all things money and finance related. We created content about Global Money Week, explaining what it is and how you can get involved. We changed the homepage of our website to reflect the theme of the week from the 11th - 16th of March and included different articles on budgeting, being financially responsible, information on bank accounts etc. We also encouraged readers to write about their tips and advice on money saving and budgeting. To compliment the homepage takeover, we scheduled posts on Facebook and Twitter about Global Money Week and our financial content. Between the homepage takeover and social media posts, we reached 3416 young people online.

Global Money Week 2014

Italy

Participants: Patti chiari, Tuscany Region (Regione Toscana), Tuscany School Office (Ufficio Scolastico Regionale della Toscana) Date of event: 10 - 12 March Number of children reached: 435 Patti Chiari is a consortium of Italian banks and financial intermediaries. They organized fun and interactive performances in order to increase childrenâ&#x20AC;&#x2122;s financial awareness. Children in Italy were invited to join in on a game of

Global Money Week 2014

The Challenge of Cincilli. This interactive educational performance required the children (aged 5-8) to help 5 squirrels cross a forest full of trials and temptations with only 5 cincilli (coins). Through entertainment these children and youth were taught about the importance of being money conscious. Econosofia was a finance-themed performance that was centered around the impact which our consumer culture has had on the childrenâ&#x20AC;&#x2122;s lives. The play gave the children a chance

to think about how times have changed through the feelings, hopes and collective fears of a country that is dependent on consuming. These thoughts were expressed through the dialogue between 3 characters Aldo, Barbara and Charlie.

Jamaica Participants: Financial Services Commission of Jamaica Date of event: 10 - 14 March Number of children reached: 270 The Financial Services Commission of Jamaica (FSC) took school children to visit the Central Bank Money Museum. The kids had fun learning about their country’s currency. The tour was planned as a continuation of the FSC’s events which were aimed at making financial literacy fun. As part of their initiatives to increase economic citizenship education amongst children and youth in Jamaica, FSC has been working in different schools around Kingston delivering modules on financial education. An example of a module presented during Global Money Week wasthe 4th financial literacy module on credit choices which was taught to students at Glenmuir High School. Children and youth from different schools across the island visited the Central Bank’s Money Museum. The Executive Director of FSC joined the children and youth in this educative experience by welcoming them with a speech on the importance of financial education.

Global Money Week 2014

Kazakhstan Participants: Kazakhstan Stock Exchange; Home Credit Bank Kazakhstan; Economics & Management Faculty, International IT University Date of event: 12 and 17 March Number of children reached: 52 On March 17, 2014, KASE organized a seminar on the Kazakhstan Stock Exchange (KASE), IPO and investment for 2nd and 3rd year students of the Economics & Management Faculty, International IT University. Information provided to the students included some crucial market statistics, IPO process and investment opportunities from the KASE. Students were actively participating in the discussion of the topics and asked questions like what is the minimum amount of money required to invest on the exchange, the correlation between the Russian and Kazakhstani markets, and guarantees on return of investments etc. The KASE employees were pleased to learn that the students already had a basic knowledge of the stock exchange, were updated on the global trends in the area and were willing to learn more. On March 12, 2014, the Home Credit Bank Kazakhstan conducted a seminar on financial literacy for primary school pupils in Almaty. The seminar was dedicated to the history of money, finance and budget planning. They also presented the book which was developed by the Home Credit Bank Russia titled â&#x20AC;&#x153;Children and Moneyâ&#x20AC;?, which will be adapted to the Kazakh context later this year. The event included simple financial games where kids could use the acquired knowledge as well as some finance-themed cartoon watching.

Global Money Week 2014

Kenya Participants: PostBank Kenya, Kenyan UNESCO Youth Forum, Junior Achievement Kenya, CAP Youth Empowerment Institute, Kenya Bankers Association, Action for Child Development Trust, Standard Chartered Bank, Equity Bank, Nairobi Securities Exchange, YouthSave Kenya, The President’s Award Kenya, Mbotela Seventh Day Church, Namundera Secondary School, Kakamega Muslim Secondary Schools, Karen Christian College Date of event: 9 - 15 March Number of children reached: 320 With several organizations and institutions taking part, Kenya had a number of exciting activities planned for Global Money Week. Fun activities were organized by The Kenya Bankers Association, PostBank Kenya, Kenya UNESCO Youth Forum, Junior Achievement Kenya, the President’s Award Kenya, Mbotela Seventh Day Church, Youth Investors Club, Nairobi Stock Exchange and others. Kenya Bankers Association (KBA) invited its members to participate in a “Banker for a Day” Job Shadow Activity to celebrate Global Money Week. In conjunction with Junior Achievement Kenya, the Job Shadow Program invited financial institutions to provide students with a mentorship opportunity to showcase the workplace and to motivate the students to pursue financial careers through first-hand experience. The objectives of the Job Shadow are aligned to those of the Global Money Week, in that it aimed to engage young people to learn how money works, with a specific focus on saving, creating livelihoods, gaining employment and entrepreneurship. Moreover, this fulfilling exercise is a good opportunity to reinforce the positive attributes of the banking profession as it boosted the self-esteem of the staff as they were viewed as role models by the students. All 98 PostBank Kenya branches joined in the Global Money Week celebrations with the following objectives: i) to create awareness amongst the youth about the importance of

savings, and ii) to open accounts so that they can mobilize their savings. Each branch manager and members from their respective teams visited public schools to give interactive and exciting savings education presentations. Pupils were then invited to open a savings account. All pupils with an account were asked to write a two page essay on the importance and benefit of savings for the youth. These essays benefitted the pupils by making them think critically about savings and they benefitted Postbank as they provided the branch manager’s with material from which they can restructure their youth savings services. Throughout the week the bank employees informed the customers who visited the branch about the Global Money Week and encouraged them to talk to their children about opening and saving in the youth savings accounts (Bidii Junior, Smata or Step Accounts). Kenyan UNESCO Youth Forum hosted an Afternoon General Meeting of the Youth Forum at the KNATCOM facilities on the 14th March 2014. Although the theme was “Entrepreneurship through Ideas”, there was a special focus on the exploration of the importance of technologies, especially mobile phones, when it comes to financial inclusion. Students from Mary Leakey Girls High School visited the GT Bank of Kenya, while students from Riara Springs Academy visited The Transnational Bank and Oracle Systems Nairobi to learn about banking systems and to learn tips on how to save. The CAP Youth Empowerment Institute in Nairobi hosted a forum in which financial service providers and youth entrepreneur representatives had the opportunity to discuss the topic of ‘Savings and Loans’. The financial service providers who attended and addressed the youth were Equity Bank, Postbank, Lions Club and APA Insurance, Kiva.org and Youth Enterprise Development Fund. The President’s Award Kenya & Mbotela Seventh Day Church organized a number of sessions with youth church members to teach them the importance of saving from 9th to 15th March.

saving, enterprise development and also career development beyond academics. At the Muslim Secondary School, the students and the facilitator discussed goal setting, how to balance academics and sport with their social life to ensure their holistic development. The facilitator, the Kakamega branch bank manager of Standard Chartered Bank, encouraged students to reflect on their career goals. At the Namundera Secondary School, the facilitator Mr. Philemon Sigei, an Agri-business specialist at Equity Bank Kakamega, shared with the students the concept and practice of budgeting. He spoke to the youth about distinguishing between needs and wants, prioritizing needs over wants, savings, reasons for saving, challenges for saving, saving plan worksheet, categories of events that can make one save, ways to save, types of saving institutions and factors that influence saving. Students were very excited and were eager to learn more.

Action for Child Development Trust (ACD Trust) organised a discussion with school pupils about the planning, budgeting, Global Money Week 2014

Kosovo Participants: Central Bank of the Republic of Kosovo, Kosovo Bankers Association Date of event: 14 March Number of children reached: 100 “Let’s Learn to Save” was the motto of the activity that gathered children from schools across Prishtina, the capital city of Kosovo. Around 100 children, from Grade 4-5, attended the event that took place in the National Library of Kosovo. The event was also attended by representatives from the Kosovo Bankers Association and the national media. During the event the Governor of the Central Bank of Republic of Kosovo (CBK) addressed the children with a short speech. He used story telling as an engaging method to explain to them that saving is an important practice that they will need if they want to build a better future for themselves. Children were very interested in the topic and they took notes and raised several interesting savings related questions throughout the Governor’s speech. The Chairman of the Bankers Association was a guest speaker at this event. He spoke to children about banks and their importance in the children’s community. The Senior Advisor of the Executive Board of the CBK told the children about a few everyday examples of how she saves her money. Through sharing her own daily experience with the children she engaged them to think about the importance of savings. Children were given a saving box (so that they can start their savings), a brochure titled “What we sow today, we reap tomorrow” which contains information and advice on saving, and a T-shirt with CBK and Global Money Week’s logos and the event’s motto “Let’s Learn to Save”. The CBK launched a competition and invited all children from the 4th and 5th grades from primary schools in Prishtina to compete with their stories, essay or drawings based on the subject “savings”. The competition will run until 30th April

Global Money Week 2014

2014. The best stories, essays or drawings will get a symbolic price from the CBK and will be published on the CBK web page. The event was attended by Kosovo national media who broadcasted the event on several TV channels and on their online platforms. CBK staff members were invited onto a national TV program to talk about the event and financial literacy in general.

Kyrgyzstan Participants: “Union of Kyrgyz Banks” ALE, FINCA Microcredit Company CJSC, Academy of State Management under the President of KR School-lyceum No 13 Date of event: 12 - 13 March Number of children reached: 50 There were financial education presentations abound in Krygyzstan during this year’s Global Money Week. The first set was given by representatives from the ALE (Union of Kyrgyz banks) and the FINCA Micro-credit Company CJSC to around 50 students in the capital city, Bihse. Next, the President of the Kyrgyz Republic presided over a presentation on financial literacy that focused on the theme of “savings” at the Academy of State Management. The presentation was followed by discussion a discussion between the financial experts and the students in attendance. In addition, a financial presentation during an economics lesson focused on the main rules of savings for students of School-Lyceum No 13.

Global Money Week 2014

Latvia Participants: Financial and Capital Market Commission of Latvia, Partners (FCMC), The Ministry of Education and Science and National Centre for Education, Bank of Latvia, BA School of Business and Finance, Consumer Rights Protection Centre, Association of Commercial Banks of Latvia, Swedbank, SEB Bank, Nordea Bank, Latvian Insurers Association, Child Social and Financial Education Society Date of event: 10 - 14 March Number of children reached: 406 This year, Financial Education Week, took place in Latvia from 10th – 14th March, with more than 130 teachers participating in various professional development activities. Lectures were also given in 2 universities and 24 Latvian regional schools. FCMC in close cooperation with the National Centre for Education, BA School of Business and Finance, CRPC, Association of Commercial Banks of Latvia and several commercial banks (Swedbank Institute of Private Persons, SEB bank and Nordea “Money School”) held the Financial Education Week for the second year in a row, in line with annual Global Money Week organized by the Child and Youth Finance International. The motto of the event this year was ‘’Find and Reach Your Financial Goal’’ in order to encourage all Latvian residents to think about their personal financial goals and plan a way to reach them. Financial and Capital Market Commission (FCMC), BA School of Business and Finance, Bank of Latvia, Consumer Rights Protection Centre (CRPC), Association of Commercial Banks of Latvia and Child Social and Financial Education Society in cooperation with the National Centre for Education developed activities focused on financial topics for the economics and social science teachers and held regional workshops about various methods for discussing financial goals with schoolchildren and students. Overall, 64 teachers from the schools of 19 rural areas and 2 urban communities (Riga and Jurmala) attended the workshops. 82

Global Money Week 2014

The CRPC seminar called “Financial Literacy and Consumer Rights” convened 18 teachers from Daugavpils municipal and rural schools. 52 mathematics teachers participated in the experience exchange event called “Financial Literacy in Mathematics Lessons” which was held by BA School of Business and Finance. Students from the Riga Teacher Training and Educational Management Academy visited Mārupe Elementary School, in which teaching materials and methods developed by the Association of Commercial Banks of Latvia have been used for enhancement of pupils’ financial literacy. Overall 23 lectures by the financial literacy promotion partners were given in Latvian schools, school pupils also visited a commercial bank in Riga. 3 lectures were offered to the students of BA School of Business and Finance (141 attendees) by the experts from FCMC, Bank of Latvia and Association of Commercial Banks of Latvia. A gathering for families focusing on how to talk about money-related topics was attended by 30 children and their parents. High-school students presented their research papers submitted to the Young Financial Expert 2014 competition, as well as winners of the 15th economic competition were awarded during the schoolchildren and teacher conference.

Lebanon

Participants: The Ministry of Social Affairs and the Higher Council for Childhood, Central Bank of Lebanon and the Ministry of Education Date of event: 17 March Number of children reached: 120 The Ministry of Social Affairs has ensured that raising the financial awareness of Lenanonâ&#x20AC;&#x2122;s children and youth is highlighted on this yearâ&#x20AC;&#x2122;s agenda. The multi-disciplinary Higher Council for Childhood, of which the Ministry of Social Affairs presides, partnered with the Central Bank of Lebanon to organize interesting and entertaining activities for Global Money Week 2014. Children from 4 different schools visited the Central Bank on the 17th March were they were treated to an extensive tour of the National Monetary Museum. During this visit they were taught how money is printed and they watched a documentary on the history of the central bank.

Global Money Week 2014

Lesotho

Participants: Ministry of Finance of Lesotho Date of event: 13 - 14 March Number of children reached: 6 Lesothoâ&#x20AC;&#x2122;s Ministry of Finance funded 4 out of school youth and 2 in school youth from Lesotho to attend the Child and Youth Finance Summit in Kwazulu-Natal, South Africa. The Child and Youth Finance Summit was the first of its kind to be held in South Africa and received support from government and many financial institutions. They participated in the youth session which took place from 12th to 14th March. There were thematic workshops on child & youth friendly finance products and entrepreneurship development skills. The youth also participated in a live video chat with students from Romania.

Global Money Week 2014

Lithuania Participants: Bank of Lithuania, Vilnius Stock Exchange NASDAQ OMX, Money Museum, SEB Bank, Swedbank, Danske Bank, Credit bureau Creditinfo, Life assurance undertaking BONUM PUBLICUM,Vilnius University’s Faculty of Humanities in Kaunas, College of Social Sciences, State Social Insurance Fund SoDra, Aviva Lithuania Date of event: 10 - 17 March Number of children reached: 8000 The Board of the Bank of Lithuania’s meeting hall hosted an awards ceremony for the winners of the Bank of Lithuania’s “Children’s Financial Week’s Symbol” contest which ran in the weeks prior to Global Money Week. Following this, the children visited the Vilnius Stock Exchange NASDAQ OMX. Staff members explained to youth about what the exchange, the depository and security trading are. They conducted a Q&A for the youth following the presentation and awarded the students for correct answers. The students also got to experience trading first hand as they watched the real-life trading in shares displayed on the big screen. To end the day off on a high note the students were invited to ring the bell during the closing of trade ceremony. The following educational programs took place in the Money Museum in Vilnius: “Learn to Recognize and Count Euros” which consisted of an excursion, a lesson and games for children, aged 5–9; and “Learn to Recognize the Euro” for older children which consisted of an excursion and a lesson. Excursions and lessons, during which children will be introduced to the euro, will be held at the Bank of Lithuania in Kaunas as well. The Bank of Lithuania are offering these “intro to the euro” lessons to schools around the country. A seminar on “Investments for Future Leaders” was held for members of the club “Cash Flow”. During the seminar schoolchildren received useful information on the financial system, investment product characteristics and main

investment principles. They also participated in a quiz and where the winners received fun and practical prizes. SEB Bank invited older schoolchildren to attend financial literacy lessons in different cities across the country. SEB Bank employees visited schools during global Money Week hosting discussion sessions with high school students on how to rationally deal with money, and what services and products financial the different institutions provide. They also introduced the basics of financial management. For Children’s Financial Week SEB bank created a special financial literacy test which was available on SEB bank’s Facebook page. It was a 3-tier financial literacy test, created for schoolchildren of various ages. Swedbank’s Institute for Private Finances and volunteers in different cities across Lithuania (Vilnius, Kaunas, Panevežys, Šakiai, Vilkaviškis, Palanga) will conduct lectures on personal finances, their management, budget planning, preparing for independent life. They also organized discussions for schoolchildren on managing personal finances, and how to prepare for starting their own life. Excursions were also held at Swedbank’s administrative building in Vilnius. Danske Bank organized their 5th annual educational event called “Learn About the Bank”. The project is aimed at all schoolchildren, and is split into 2 events which the students can attend, depending on their school year (i.e. Grades 1–8 were and 9–12). The “Learn About the Bank” program consists of an interactive lecture on the bank’s founding, its activities and functions (Grades 1–8), a lecture called “5 Financial Literacy Lessons” (for the grades 9-12) and a “Battle of the Brains”. The preliminary length of one event was 2 hours.

schools to lecture on “The Essence and Benefits of Life Insurance.” The lesson was aimed towards students 14 years old and up. The Bank of Lithuania presented 3 financial lessons at Vilnius University’s Faculty of Humanities in Kaunas. The lessons were based on how to manage personal finances, savings and responsible lending. The lessons were illustrated by an animated film. The College of Social Sciences invited Grade 9-12 students to take part in a financial literacy project. The class whose project won was crowned the “EURO class” of 2014. The State Social Insurance Fund (SoDra) prepared lessons for Grade 10–12 students on the topic of “You Can’t Survive on Love Alone”. During the lesson, specialists from SoDra spoke about how the state social insurance system operates, why it is useful to be a member, what the effects of illegal wages are and what love has to do with all of this. The lecturers were SoDra staff members. Aviva Lietuva joined the Bank of Lithuania’s initiative and on 12th and 13th March they invited high school students to attend a lecture given by Aviva Lietuva’s financial consultants. They answered relevant questions such as how to manage personal finances and why life insurance is necessary. Students were welcomed to visit their branches in Vilnius, Klaipėda, Šiauliai and Panevežys.

Representatives of Creditinfo taught students what their ‘credit history’ is, why it is so important and how irresponsible financial decsions will make it more difficult to get a student loan, or open an internet, mobile phone or credit card account. Life insurance undertakers from Bonum Publicum went to Global Money Week 2014

Macedonia Participants: National Bank of the Republic of Macedonia, Ministry of Finance, Insurance Supervision Agency, Agency for Supervision of Fully Funded Pension Insurance, Securities and Exchange Commission of the Republic of Macedonia, Macedonian Stock Exchange Date of event: 10 - 17 March 2014 - in general in Macedonia; 17 February - 17 March 2014 - National Bank of the Republic of Macedonia Number of children reached: 1000 Several activities organized by participating organizations will take place in Macedonia during Global Money Week 2014. Activities, events and participating organizations include: Macedonian Stock Exchange Ring of the bell: 10 March 2014 The Global Money Week kicked off Monday, 10 March 2014, by symbolic ring of the bell at the Macedonian Stock Exchange, organized by the Coordinating Body of the Regulatory Authorities for Financial Education in Macedonia, under the leadership of Child and Youth Finance International, which took place in the period 10-17 March 2014, presented by the Deputy-Prime Minister and Minister of Finance, the Governor of the National Bank of the Republic of Macedonia and the CEO of the Stock Exchange. The Macedonian Stock Exchange provided a possibility for the students to trade on the virtual stock market. Thirty best students from the economic and law school ‘Vasil Antevski-Dren’ from Skopje attended this event. They were allowed to virtually trade at the virtual stock exchange through the Macedonian Stock Exchange’s educational portal, where a simulation of actual trading has been performed. The best student trader will be awarded with free training on capital markets principles at the Macedonian Stock Exchange after a month of trading.

Global Money Week 2014

Coordinating Body of the Regulatory Authorities for Financial Education in Macedonia Global Money Week 2014: 10-17 March, 2014 During the 10-17th March the coordinating body of the Regulatory Authorities for Financial Education in Macedonia organized a host of activities for Global Money Week. The ‘body’ consists of the National Bank of the Republic of Macedonia, the Ministry of Finance, the Insurance Supervision Agency, the Agency for Supervision of Fully Funded Pension Insurance and the Securities and Exchange Commission of the Republic of Macedonia. This week was developed in the framework of an entire month which Macedonia dedicated to financial education in schools, and was led by the National Bank of the Republic of Macedonia (NBRM). During the week representatives of the above mentioned institutions visited schools all over the country, from primary to high-school, and interacted with more than 1 000 children and youth conducting lectures on personal finance and savings. In order to promote and distribute the information, the NBRM prepared brochures about financial education and Global Money Week, of which 30 600 copies were distributed around the country. The events were concentrated in a week, but the ideas discussed and learned will have a long-term impact, especially among young people, and more generally, on the overall economy. It is very important that every child and every youth, when they become an adult, is ready to enter the labor market, to make the right financial decisions and to understand the importance of financial products and services. The National Bank delivered a full month of interactive lectures, between 17th February-17th March, in several primary and secondary schools through which students are introduced to a more in depth understanding of money in regards to its meaning, exchange, history, manufacture, saving, inflation, and monetary policies. The National Bank, with the Financial Education Project, develops educative papers and publications designed for youngsters that include various representative materials.

Malawi Participants: Reserve Bank of Malawi, Opportunity International Bank Malawi, Ministry of Education, Science and Technology, Malawi Stock Exchange, Traditional Leaders, CECOYODE Malawi Date of event: 10 - 16 March Number of children reached: 2200 During Global Money Week, the Malawian government called upon all young people to develop a culture of saving and investment through a media campaign. This savings campaign, spearheaded by the Reserve Bank of Malawi (RBM), was run on television, radio and newspapers. Due to the interest in the campaign shown by the youth, Cecoyode Malawi intends to sustain the campaign, with slight realignments in order to target youths in schools. The media campaign was kicked off by a general press release that informed the public of Malawiâ&#x20AC;&#x2122;s participation in Global Money Week. Throughout the week, the government issued daily press releases themed on budgeting, saving, opening and maintaining a bank account, how to use an ATM, how and when to use a check book, investing, understanding financial fraud, how to determine counterfeit money, and how to lodge a complaint against a financial institution. On 10th March, there was an educational visit to the Central Bank. Students learnt about the role of the bank and how it executes its roles. This was achieved through a guided tour of the Central Bank, an address by the Deputy Governor, and presentations which were given by senior Central Bank Officers. On the 11th and 13th March Childrenâ&#x20AC;&#x2122;s Talk Show program was aired on television. Children were engaged in a debate on how they want to manage their finances for economic and personal development. The talk show program was pre-recorded live on 7th March.

operations of the Malawi Stock Exchange and they had the opportunity to ring the bell to mark the beginning of the dayâ&#x20AC;&#x2122;s trading activities. After the Malawi Stock Exchange, children visited one of the major commercial banks to learn about the banking products and services and how they can develop a career with the banking industry. Opportunity Bank Malawi employees enjoyed teaching primary school children about financial education during Global Money Week. Students visited 3 Opportunity Bank of Malawi branches. Malawian youth were invited to visit a selection of Premium Trust Bank branches to learn about the inner workings of a bank and what happens to their money when they open an account. On the 11th and 12th March, the bank employees held workshops, lessons and a quiz in primary and secondary schools at various schools and community centers.

Financial lessons were given on the 12th March where the organizing team visited a learning institution to talk to teachers and students on financial education related matters.The highlight of the week was a visit to Malawi Stock Exchange on 14th March. Children watched a presentation on the Global Money Week 2014

Malaysia Participants: Allianz Malaysia, Bursa Malaysia, Bank Negara Malaysia Museum, Art Gallery and Knowledge Management Centre Date of event: 8 - 24 March Number of children reached: 1200 Allianz Malaysia in association with Bursa Malaysia, Bank Negara Malaysia Museum and Art Gallery, Knowledge Management Centre and many other stakeholders organized wonderful activities such as: visits to the Bank Negara Malaysia Museum, experiencing the opening of the stock exchange at the Bursa Malaysia, as well as financial classes for school-aged children. The activities took place during a 16 day period from 8-24 of March. 70 children from the local SK Jalan Sungai Besi 1, together with 8 of their teachers visited the Bank Negara Malaysia Museum and Art Gallery. During their visit the participants interactively learned about the Malay currency and economics. In this occasion, the children also learned about the history of money and how money works through an educational talk given by representatives of the Bank Negara Malaysia Museum and Art

Global Money Week 2014

Gallery. 4 members of the Chow Kit Foundation brought 30 children aged 7-12 years to visit the art gallery section of the Museum. The visit helped young children learn about currency and economics in an interactive way. The highlight of the visit was the ‘Million dollar tunnel’ which is built from 1 RM worth of real bank notes. During the visit the children also built their own money bank.

10 employees’ children of Allianz Malaysia from the Klang Valley region registered for a My Finance Coach class held over the school holiday period. During this class, the children were taught by My Finance Coach volunteers from the company about good spending habits, how to save for goals and the history of money as well as how to recognise the security features of currency notes.

Allianz Malaysia raised awareness on the importance of creating savings goals and planning for them by sending out specially-designed savings planner sheets to their employees. These sheets were then shared with the children of over 1,800 employees as well as other relevant parties.

During the educational visits and events volunteers took photographs of around 110 children and youth posing a bank note and a speech bubble (which they filled in with a pen) things like ‘My money tip is...’, ‘Today, I learned that...’, ‘I am saving for...’. This encouraged youth to actively think about setting their financial goals in a fun and energetic way.

75 students from the local SM Sains Alam Shah witnessed the opening of the stock market, received an educational briefing by Bursa Malaysia’s representatives from the Investor Education division, and took an educational tour around Bursa Malaysia. The students were given a talk on the importance and benefits of investing, as well as the role of Bursa Malaysia in the capital market.

Quote from Ananti Raj, Acting COO, Yayasan Chow Kit: “Money is important in our daily lives, but don’t let money lead us to greed...A little thought and a little kindness of Allianz to our children at Yayasan Chow Kit is often worth more than a great deal of money!”

Maldives Participants: Maldives Monetary Authority, Ministry of Education Date of event: 10 - 16 March Number of children reached: 500 In celebration of the Global Money Week 2014, Maldives Monetary Authority (MMA) and Ministry of Education organized several activities regarding the subject of financial education and inclusion. The events were held during the 10th-17th of March. Among the activities were an art competition for young children and an essay competition for youth. In addition to that, MMA also invited school aged children to learn more about the history of Maldivian money. To create awareness among students about the Maldivian economy and to encourage them to be analytically involved in current economic issues, the Maldives Monetary Authority (MMA) organized an essay competition aimed at youth. The winning essay was published by the MMA. The competition focused on 3 age categories, namely 10th graders, A-level diploma students and bachelor degree students. In an effort to reach out to the younger generation and educate them about the importance of saving and budgeting MMA organized a financial-themed art competition 1st â&#x20AC;&#x201C; 5th graders. The competition ran nationwide and the submitted artwork is now being used to promote MMAâ&#x20AC;&#x2122;s social awareness programs. Students from Billabong High and Kalaafaanu School were invited by the MMA to visit the National Museum. During this visit, the children were informed about the history of Maldivian money and the designs of the Rufiyaa banknote. The children were also involved in a lively discussion about how to use money wisely.

Global Money Week 2014

Mali

Participants: CAMIDE-GAP Date of event: 17 March Number of children reached: TBC In Mali, Kalanso School prepared an exhibit entitled “Children and Money” which was displayed at a neighboring school. Both of the schools’ students participated in the exhibit and they thoroughly enjoyed it. The local education authorities were involved in the production. The exhibit piqued the interest of students from other schools, so Kalanso School is looking forward to broadening their reach in next year’s Global Money Week.

Global Money Week 2014

Malta Participants: Ministry for Education and Employment, Central Bank of Malta, HSBC, Drama Unit, Home Economics Seminar Centre Date of event: 10 - 14 March Number of children reached: 500 Several activities took place in Malta during the Global Money Week 2014. On Wednesday 12th March and Friday 14th March a financial education seminar targeting Year 6 pupils was conducted with the title ‘Money Matters’. The seminar was organized by the Home Economics Seminar Centre [HESC]. This seminar empowered 10 -11 year old pupils with knowledge and understanding, skills and attitudes to: • become financially literate and responsible from an early age; • make informed decisions when handling financial resources; • be a positive influence within their immediate family and amongst their peers.

exhibition was organized. Children from grades 3 to 6 received lessons on financial literacy. HSBC Malta visited 45 schools during the Global Money Week. 6 drama sessions were conducted with an average of 100 students as part of a project titled How do Banks Work? The objectives of these Drama Sessions were to: • help students to better understand how banks work; • make students aware of the services banks provide; • help students feel safe putting money into and invest in banks (when they are older); • introduce students to terminology used in banks; • help students understand better banks’ rules; • interest students in a career in finance.

This seminar targeted Year 6 pupils because the HESC hypothesize that at this early age pupils are more likely to start having greater access to financial resources such as pocket money and gifts while at the same time becoming more vulnerable to conflicting media messages. Through the use of ICT as an interactive educational medium, the program included debates, drama, quizzes, case studies, handling of simulated money and the use of mock bank facilities available at the HESC premises. This seminar exposed the pupils to a process of hands-on experiences leading to reflection, analysis and evaluation while equipping them with the appropriate skills and attitudes to make informed financial decisions. The Central Bank of Malta conducted presentations in 5 different schools during GMW. These focused on the role of the Central Bank of Malta in providing money and maintaining the price stability. Moreover, in each of these schools a currency

Global Money Week 2014

Mexico Participants: CONDUSEF (Comisión Nacional para la Defensa de los Usuarios de las Instituciones Financieras), Universidad Nacional Autónoma de México (UNAM), Catholic Relief Services, MIDE (Museo Interactivo de Economía) Date of event: 10 - 17 March Number of children reached: 444 Global Money Week in Mexico welcomed the participation of the Interactive Museum of Economics (MIDE), the only museum in the world dedicated to economics, finance and sustainability. Throughout the week MIDE’s exhibitions were dedicated to commemorate the celebration of Global Money Week in more than 100 countries around the world. During Global Money Week MIDE, in collaboration with the Banco de Mexico and the Mexican Central Bank, launched the exhibition “1 Peso per Kilo” which explores how the Mexican history is linked to the use of the country’s currency. To join MIDE in their efforts CONDUSEF, the financial consumer protection service, put together a series of didactic materials which were used to teach children and youth the importance of savings and good financial habits. CONDUSEF accompanied this effort with a strong social media campaign. Universidad Nacional Autónoma de México (UNAM) participated in Global Money Week by raising awareness on the national survey on financial culture. Felipe de la O, Coordinator of the Center of Public Opinion Studies, of the Faculty of Political and Social Sciences, presented the preliminary results. This pilot study, which UNAM is working on in collaboration with Banamex is the first ever national questionnaire being conducted in Mexico, which assesses savings, credit and entrepreneurship among youth. The meetings have taken place and they have involved children and youth. They are also planning to do a videoconference.

Global Money Week 2014

The Catholic Relief Services held meetings in different localities from the Region of La Mixteca, Valle Centrales y Sierra Sur were they discussed the current status of financial education and the financial products available to children and youth in Mexica. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Mexican children and youth themselves.

Moldova Participants: National Bank of Moldova, Prospera, Institute of Educational Sciences, Indigo Center Date of event: 10 - 17 March Number of children reached: 1200 The National Bank of Moldova, during Global Money Week, coordinated the project ‘Open your Heart to Financial Education’, with the purpose to widen public knowledge in this field, and to help optimize projects supporting financial inclusion. On the 10th March, a national meeting with the trainers of financial education and other relevant stakeholders from the field was hosted by the National Bank. The meeting concluded with the creation of a working group which, under the leadership of the National Bank, will be working and leading the national strategy for financial inclusion and education in Moldova.

Moreover the Indigo center organzied the theater play on the thematic of money and spending called the ‘Little bak with two coin,’ for the children in pre-school education. Prospera - Business Academy Prospera is a Business Academy for kids and teens. Founded in 2012, Prospera works towards improving financial literacy and entrepreneurship of young people in Moldova. This year, the academy participated in Global Money Week by producing and launching financial education and inclusion themed adverts during Global Money Week which featured children participating in education financial education classes.

The National bank opened its doors to groups that are active in promoting financial education and financial inclusion, with the purpose of supporting the organization of formative and informative workshops on the topic. Every workshop welcomed children and youth from primary school up to high school and started with a short presentation by National Bank experts. Children and youth also had the chance to visit the exposition room of the National Bank to see the money collection of commemorative and jubilee coins from throughout the history of the Republic of Moldova. The colaborators and master students rom the National Institute of Educational Sciences have initiated a survey between the youth on the thematic of financial education. The youth who participated to the events organized in the framework of Global Money Week had to take further this survey in their own schools and classes.

Global Money Week 2014

Mongolia Participants: Mongolian Bankers Association, Bank of Mongolia, Mongolian Stock Exchange, Capital Bank, Capitron Bank, Chinggis Khaan Bank, Credit Bank, Erel Bank, Golomt Bank, Khan Bank, National Investment Bank, Trade and Development Bank, and XacBank Date of event: 10 - 17 March Number of children reached: 10 000 Mongolian Bankers Association, Bank of Mongolia, and Mongolian Stock Exchange hosted a series of events between March 10-17, to celebrate Global Money Week 2014. Mongolian Bankers Association member banks, namely Capital Bank, Capitron Bank, Chinggis Khaan Bank, Credit Bank, Development Bank, Erel Bank, Golomt Bank, Khan bank, National Investment Bank, Trade and, and XacBank, participated in the national celebrations by organizing different activities with children and youth. To promote and raise awareness on the importance of children and youth’s economic citizenship education among the public (MBA) organized an online social media contest on Facebook which featured a variety of creative financial awareness themed submissions in the form of photos, comics, drawings and cartoons. The MBA also visited schools educating school students about their financial rights and responsibillties. During excursions to the Bank of Mongolia university and high school students gained an understanding of the banking environment, how the financial regulatory authorities operate, and about Mongolia’s monetary policy. The students also had the opportunity to speak with the Governor of the Bank of Mongolia to discuss financial topics and freely ask questions. Children and youth visited the Money Museum of Bank of Mongolia to learn about money through guided, interactive and entertaining tours. High school students rang the bell which opened the Mongolian Stock Exchange (MSE) day of trading. Furthermore, 94

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the students also enjoyed a tour of the MSE which provided them with an understanding of the economic environment, how the stock exchange operates and the role it plays in the economy. Capital Bank visited various high schools to give financial educationbased presentations. Given Capital Bank’s focus on sustainability, the presentations also included focus on “Child participation for green development.” About 800 students in Ulaanbaatar city and 15 aimags (Umnugobi, Baganuur, Darkhan, Orkhon, Zamiin-Uud, Arkhangai, Khovd, Khuvsgul, Uvs, Bayan-Ulgii, Bayankhongor, Uvurkhangai, Dornod, Selenge, Dornogobi, Khentii) participated. Capital Bank also welcomed students to its branches to learn about how banks work. Furthermore, to promote the importance of youth’s financial education/economic citizenship education among the public Capital Bank’s Global Money Week’s news was published on their official website, Facebook page and Mongolia’s top 7 financial websites. Credit Bank visited schools with their “Every child is a financier” campaign. They also visited the “New Era” Laboratory School to teach them about the financial sector, savings and budgeting. Credit Bank welcomed the “New Era” Laboratory school to its branch, where they met the CEO, learned about banks, and participated in a financial knowledge quiz. The focus of the visit was to improve the participants’ understanding of the bank’s purpose and services. Erel Bank organized a series of bank visits for 4-7 graders where they received financial lessons on money, savings, savings accounts, and the bank’s role in society. Khan Bank organized multiple events in order to increase financial inclusion for children and youths through its Khan Bank Foundation. Khan Bank employees from 520 Branches across the country organized a session for 5-7th grade students of Secondary Schools from 9 districts. Within the framework of this program, Khan Bank contributed to the children’s financial

education by teaching them comprehensive lessons in an interesting and effective way. More than 5700 students throughout the country have been engaged in the session including basic concepts about the value of money, spending money wisely, and saving. Moreover, in cooperation with the Mongolian Union of Pupils Khan Bank Foundation organized a session for children who have dropped out of school and are living in remote districts of the city. The children gathered at the Unofficial Education Center of Sukhbaatar district. The Trade and Development Bank visited 4 schools, and reached a total of almost 200 children. During the visit, bank staff spoke to the students about money, finance, and their future, and played games related to the topic. They welcomed 16 students to its branch by showing them how the bank works, playing financial games with them and providing them with small gifts. XacBank’s event focused on the children who are living rural area or remote area of Ulaanbaatar city. XacBank has provided financial and social education program to these children since 2009. Activities were held in 15 rural provinces and 2 remote areas of capital city Ulaanbaatar. Almost 850 children and an equal number of parents participated in XacBank’s financial enterprise activity and bank excursion and lesson.

Montenegro Participants: Central Bank of Montenegro Date of event: 11, 13, 14, 17 March Number of children reached: 200 Central Bank of Montenegro (CBM) opened its doors to children during March to promote financial education. Children and youth from primary and secondary schools had the opportunity to attend lectures and workshops on financial topics. They were excited to celebrate Global Money Week 2014 with more than 1 million children all over the world. CBM used radio, TV and newspapers as platforms to promote the following activities and raise awareness about financial inclusion.

They also learned interesting facts like where the first coins came from, what they looked like, where the first banknote was made, which material they were made of etc. After the presentation, children `made their own money`, which CBM experts then organized into an exhibition of displaying their works. Children were dressed in Global Money Week T-shirts and were each given a saving box. On the last day of Global Money children with disabilities visited the Money Museum of the Central Bank of Montenegro in Cetinje. They enjoyed the exhibition `From Perper to Euro` and learning about finance. At the end of the visit, they each got a souvenir Perper (the first Montenegrin currency).

An educational event was held for students at the Central Bank of Montenegro and was opened with a speech by the Executive Director of the CBM. The work day continued with a presentation by representatives of the CBM on the history of money, history of banking in Montenegro, the organizational structure of the CBM and its main goals. High school students had the chance to discuss financial education and other financial topics. The students were so pleased with the presentations that they asked the CBM representatives to make more presentations on financial topics in their school. On the 13th March high school students visited Money Museum of the Central Bank of Montenegro in Cetinje. They had the opportunity to see the exhibition `From Perper to Euro` and they enjoyed lectures on financial educational and historical topics. They also enjoyed minting money on an old machine on which the first Montenegrin currency, Perper, was minted. The next day disabled children and their parents had the opportunity to enjoy interactive lessons and learn interesting facts about money. The workshop put emphasis on the importance of starting financial education at an early age and savings behavior. They were very excited to learn new facts about CBM, money and saving through the games and quizzes. Global Money Week 2014

Morocco Participants: Moroccan Foundation for Financial Education, Bank Al-Maghrib, Conseil Déontologique des Valeurs Mobilières (CDVM), Department of Insurance and Social Welfare (DAPS), the Ministry of Economy, the Ministry of Education; Groupement Professionnel des Banques du Maroc (GPBM), Federation Marocaine des Societes d’Assurances et de Reassurance (RFMSAR), and the Casablanca Stock Exchange. Date of event: 10 - 14 March Number of children reached: 80 000 Morocco has participated in Global Money Week since its inception in 2012. This year children and youth were invited to attend guided visits to a wide variety of financial institutions in order to broaden their financial knowledge. These visits were conducted at commercial banks, insurance agencies, the Casablanca Stock Exchange, Dar As-Sikkah (the Moroccan Mint), and the Moroccan Money Museum. In turn, financial experts from local banks visited the students at high schools and primary schools to conduct finance lessons in order to better equip the children and youth to make informed decisions about saving and spending their money wisely.

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Ring the Bell 14 March 2014 Casablanca Stock Exchange 40 children primary and secondary schools were invited to attend the opening ceremony at the Casablanca Stock Exchange in honor Global Money Week. Representatives from financial institutions were also in attendance. Mr Benhalima (Director of the Banking Supervision), Mr, Chaibainou (Director of the Financial Banking Association), and Mr Hajji (Director of the Casablanca Stock Exchange) each addressed the students, explaining the importance of financial education, before they invited the children to open the stock market for the day.

Mozambique

Participants: World Vision Date of event: TBC Number of children reached: TBC World Vision and the Chongoene Area Development Program hosted financial literacy workshops through their project IWAG, which stands for â&#x20AC;&#x2DC;Improve the wellbeing of adolescent girlsâ&#x20AC;&#x2122;. The workshops focused on teaching teenagers about savings and credit systems so that they can become more financially independent. World Vision is a NGO that works to promote improved and resilient livelihoods so that children, families and communities can experience fullness of life with special focus on economic empowerment and saving groups. To improve child well-being, World Visionâ&#x20AC;&#x2122;s strategy is aimed at building foundational livelihood assets, improving livelihood strategies, protecting lives and livelihoods and assessing the context and risk to lives and livelihoods. As such, this strategy combines both quick wins for short-term impact as well as concurrent systemic change for long-term sustainability.

Global Money Week 2014

Namibia

Participants: Junior Achievement Namibia, Ministry of Education, Ministry of Finance, Ministry of Health and Social Services, Ministry of Defense, Ministry of Gender Equality and Child Welfare, Bank of Namibia, UNICEF, Embassy of Finland, Malaysian Embassy Date of event: TBC Number of children reached: 8967 Junior Achievement Namibia in collaboration with the Ministry of Gender Equality and Child Welfare, Ministry of Education (all schools in Windhoek), Ministry of Finance, Ministry of Health and Social Services, Ministry of Defense, Bank of Namibia, UNICEF, Finnish Embassy, Malaysian Embassy and other Financial Institutions celebrated Global Money Week in style with a Guinness Coin Challenge in support of the CareFusion

Global Money Week 2014

Project combating teenage pregnancy and infanticide. The project is spear headed by Junior Achievement’s Top Achiever Emma Theofelus who is also the Junior Mayor of Windhoek. She her fellow student councilors conducted peer education workshops for the girls involved in the CareFusion Project. A celebration dinner was held for the most regular savers in the Aflatoun program which year round in Windhoek and the surrounding areas. “ …I just want to take this time to thank you for everything. I am grateful that you have sent us to the Summit in SA. I learned a lot at the summit which is going to change my life. It changed the the way I used I think about money and it will change my life.” Confidence Aboas

Nepal Participants: Nepal Rastra Bank, Ministry of Education, UNICEF Nepal, Save the Children Nepal, Bank of Kathmandu, Child Workers in Nepal Concerted Centre, National Banking Training Institute, Rastriya Banijya Bank Date of event: 10 - 17 March Number of children reached: 6000 Nepal Rastra Bank (NRB), the Ministry of Education and several local stakeholders ranging from national authorities, financial institutions, multi-laterals, NGOs and people of Nepal celebrated Global Money Week with series of momentous activities. The SSMK Radio shows broadcasted during Global Money Week were dedicated to financial literacy and discussed the importance of the need to build the financial knowledge and entrepreneurship skills of youth - the decision makers of the future. An Interaction Program was organized by Child Workers in Nepal (CWIN) in partnership with the Banking Academy of Nepal and took place over a 2 day period. During the program, 30 tuition facilitators shared their experiences on saving (in banks and cooperatives) and responsible utilization of resources while, 37 youths (all students) shared experiences of their financial activities. On both days the participants shared experiences on their sources of income, saving habits and strategies and their outlook on the banking process on savings accounts. Youths were also oriented on Financial Literacy and banking products by a representative of the Nepal of National Banking Training Institute and the Banking Academy of Nepal. CWIN also organized the presentation of 4 case studies on experiences and good practices of savings and the challenges faced by youth while opening saving accounts at banks. This presentation also incorporated the utilization of income in daily walks of life with concerned agencies and showed concern for harmonizing procedures for utilization of banking services and products.

NRB organized an interaction program as a part of “Global Money Week” celebrations where “NRB with Students” materials such as information booklets and songs on financial literacy were launched by the Governor of NRB and distributed to students. Representatives from the Ministry and Department of Education, Nepal Bankers’ Association, UNICEF, school associations (PABSON/NPABSON/HISAN), media, other stakeholders and youth attended the event. All stakeholders committed to work together to promote financial literacy among children and youth. NRB also organized a Global Money Celebration Rally, which was inaugurated by the Governor of NRB with a speech. The rally attracted 1,500 participants. The Ministry of Education published financial literacy material covering “Global Money Week” in Gorkhapatra (a national daily newspaper). CWIN organized a celebratory program in coordination with the Banking Academy of Nepal. During the course of the week the CWIN also dedicated an episode of the “Bal-Sarokar” television program to “Global Money Week”.

Rastriya Banijya Bank (RBB) organized a walking event in order to financial literacy/GMW at Kathmandu on 17th March with some 200 of its staffs. The Association of Economic Journalists of Nepal (SEJON) was formally invited for events and some 30 journalists from different media participated in news coverage of both of the NRB programs of March 14 and 15. There was wide coverage of these events and editorials were published in the local News Papers, TV programs, Radio programs, FMs, e-news and more. Different articles regarding Financial Literacy and GMW were published in a wide range of local newspapers during the week.

UNICEF in partnership with NRB arranged 2 000 copies of a financial literacy story book called “Money Tree” (Paisa ko Bot) to be printed and distributed by school children during NRB’s “NRB in Schools” program which ran during Global Money Week. UNICEF also supported the broadcast of an episode of “Saathi Sanga Mann Ka Kura” which was based on Global Money Week values and financial literacy. On 17th March a web chat was organized by UNICEF in conjunction with CWIN. They facilitated the interaction of about 20 Nepalese youth with their peers from Brunei. Save the Children in conjunction with its partner bank conducted financial education sessions throughout Global Money Week. In partnership with the NRB, Save the Children also printed 3000 copies of the story book “Money Tree” (Paisa ko Bot) for NRB to distribute to school students. The Bank of Katmandu (BOK) organized a visit to its branches for children and youth. In collaboration with CWIN, BOK also organized 2 awareness programs in the Makwanpur District. Global Money Week 2014

Netherlands Participants: MoneyWise Platform, Dutch Ministry of Finance, The Dutch Central Bank (DNB), Dutch Bankers Association (NVB), Dutch Association of Insurers, Dutch Ministry of Social Affairs and Employment, Euronext Amsterdam and 98 other organizations and institutions from the public, private, and social sector. For a full overview, please see: http://www.weekvanhetgeld.nl/deelnemende-partijen Date of event: 10 - 14 March Number of children reached: 230 000 Week van het Geld (National Money Week) in the Netherlands was celebrated concurrently to Global Money Week 2014. The goal of this week was to teach primary school pupils about money and to raise their financial awareness. The strategic goal of the National Money Week is to integrate financial education components into the school curriculum. “There is so much going on this week! 5 000 volunteer staff from the financial sector will hold money wise lessons at primary schools and more than 50% of schools are taking part. I think it is great that so many volunteers from banks are going to schools, to give proper finance lessons. There will also be theatre shows ... there will be many things to do!” -This is how HM Queen Máxima opened the 4th Edition of the Dutch Global Money Week on March 10th. The opening also featured the final of the Klasse!Kas competition where one class was awarded for the most innovative entrepreneurial usage of their Klasse!Kas (“Classy! Savings Box”) . National Money Week was a true multi-stakeholder initiative Organizing entities include the Money Wise Platform (Wijzer in Geldzaken), the Dutch Ministry of Finance, Central Bank,the Dutch Association of Banks, the Association of Insurers, the Ministry of Social Affairs and Employment, as well as many Dutch banks, insurance companies, other corporations (both financial and non-financial) and child and youth focused 100

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companies. (I)NGOs and other companies collaborated to put financial education on the national agenda. A total of 104 organizations are partners of the National Money Week. A variety of activities were performed throughout the week in order to teach children (and their parents) about money in a fun way. In over 5000 classes across the country guest lessons were given by financial services professionals, reaching over 150 000 children and youth. One such guest lesson was when the Dutch Finance Minister explained to a class of primary school children how the Ministery prepares the national budget. The Money Wise Platform developed special learning materials on financial education with the publisher Zwijssen, for Levels 1/2, 3, 4, 5, 6, 7, and 8 which were used throughout the week and beyond. 28% of the schools conducted their own projects on money and saving during the week, some of which used the aforementioned materials. Money Wise published the National Money newspaper which was distributed nationally to schools. Debates,theatre performances (for children and for parents), museum visits and a range of other activities were organized throughout the week to teach children about money in a fun way. Euronext Amsterdam (the Amsterdam stock exchange) was festively opened on 12th March by high schools students as part of Global Money Week 2014. The gong was sounded by students from the Spinozalyceum in Amsterdam,the Herman Wesselink College in Amstelveen and representatives from Aflatoun, de Consumentenbond, the Dutch Central Bank (DNB), Free Press Unlimited, ICS, ING Group, The Dutch Bankers Association (NVB), Nibud and Child & Youth Finance International (CYFI).

At the Aflatoun Secretariat in Amsterdam, the staff connected children and youth throughout the world through Skype calls. Aflatoun activities were conducted for all ages on Aflatoun Day: Tots and Touns in Westzaan learned the story of the finance fireball Aflatoun, and Teens in Hilversum discussed how to realize their dreams through wise use of money (i.e. saving, budgeting and planning).

Nicaragua

Participants: Catholic Relief Services, Central bank of Nicaragua Date of event: 10 - 17 March Number of children reached: 190 The Global Money Week celebrations and activities reached Nicaragua this year, with several organizations creating activities and events across the country. During 2014 Catholic Relief Services (CRS) and the Central Bank of Nicaragua joined efforts to make this global initiative a success. The Catholic Relief Services held meetings in different localities in the San Juan de Rio Coco were they discussed the current status of financial education and the financial products available to children and youth in Nicaragua. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Nicaraguan children and youth themselves. A videoconference with youth from Puerto Rico and Colombia took place after the meeting and was enjoyed by the young representatives. Children and youth also had the opportunity to be hosted by the Central Bank of Nicaragua, in a wonderful experience that allowed them to learn about how money is printed and the story behind the evolution of the Nicaraguan currency.

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Nigeria Participants: Central Bank of Nigeria, SAGE, Access Bank, SOS Children’s Villages Nigeria, Aegis Empowerment Initiative, Bankers’ Committee, Eadda Kids Enterprises and Pink Lemon Enterprises, Entrepreneurial Development Initiative (ENDIP) Consulting, Skye Bank, Diamond Bank, Citi Bank, Union Bank of Nigeria Date of event: 26 February - 17 March Number of children reached: 38 902

Kids in 4 SOS villages in Nigeria participated in debates, drama, creative arts (making of piggy banks, posters, and art), playing financial games like Monopoly in order to promote a saving culture among children and young adults and for them to master the art of prioritizing. There was a drama on the importance of savings at one of the school’s assembly. After the drama, the principal congratulated a student who had saved up to pay his school fees. A debate was organized on the topic “Saving in the bank is better than saving at home”.

The Central Bank of Nigeria held a gigantic Financial Literacy Road Show. Brightly dressed school students walked several kilometers alongside staff members of the Consumer Protection Development Unit and SAGE in order to create public awareness about Global Money Week. There was also a Financial Literacy Exhibition where several banks participated and showcased their banking products to the youth. A financial mentoring and out-reach program was held across the country. To wrap up the celebrations bank staff paid a visit to Daughters of Abraham Foundation, a center where former sex workers and abused young women are rehabilitated and trained on various entrepreneurial and livelihood skills.

Aegis Empowerment Initiative (AEI) organized a summit for secondary schools students by students on the following topics: entrepreneurial development and sustained livelihood, the role of e-banking in promoting financial inclusion and importance of the Mutual Fund. Aegis also organized a Career Day for students in a junior high school where they expressed what they want to be in future. They were counseled by their team of experts drawn from the financial, medical, engineering and creative professions. The highpoint of the summit was the Student’s Dialogue on the topic “What do Children and Youths want for their Future?” They held a discussion on financial inclusion, DreamsBank, education, modern infrastructure, insecurity, unemployment and so on.

The week was also jam-packed with fun Access Bank-led activities such as “The Day at the Exchange” where the Nigerian Stock Exchange (NSE) invited 150 students who were given a tour and a talk at the exchange, a student was then selected to ring the bell. Also, there was a workshop for 100 students, parents and 20 teachers on the role that they and the bank play in ensuring children are raised to be financially confident and responsible; and the Bank-to-School initiative that promoted the financial inclusion and literacy of children and youth. The Youth & School Banking Team of Diamond Bank Plc put together a series of activities such as a school financial mentoring and outreach program, Bank Open Days where branches were made child and youth friendly to encourage the youngsters to visit, ask questions and open savings accounts.

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Eadda Kids Enterprises and Pink Lemon Enterprises visited schools and the Love Home Orphanage to teach how to save through playing financial games and making piggybanks from recycled materials. Gbonjubola Sanni, a pioneer in financial education in Nigeria also collaborated with these two organizations sending out daily tweets and posting on social media to create awareness. Entrepreneurial Development Initiative (ENDIP) Consulting celebrated Global Money Week on the 12th and 13th March in Port Harcourt with a Debate, Quiz and Workshop for the secondary school students were they showcased their financial products and services which they have available for young entrepreneurs.

Pakistan

Participants: Pakistan Microfinance Network, Mazars Pakistan Date of event: 10 - 17 March Number of children reached: TBC Pakistan Microfinance Network celebrated GMW2014 in Pakistan with a Writing Competition for youth during 10-17 March. The competition gave young people from diverse backgrounds a platform to express their views and dreams for the future. It offered young people the opportunity to make their voice heard on a global platform and engage with financial issues that are important to them.

Aimed at involving children in low cost private schools funded by some of PMN’s member microfinance practitioners, this competition was divided into 3 categories for youth from different age groups: Junior (ages 10-12), Middle (ages 13-15) and Senior (ages 16-18). The choice of essay topics were: My first memory of money; Why I save?; and Who is the most responsible with money in your family and friends, and why?

The goal of this event was to educate the students about the importance of money and banking, for a better future not only for them, but also for the future of Pakistan’s economy. Aside from a guided tour of the museum, a documentary on coin making was shown, and the Deputy Governor of the State Bank of Pakistan addressed the students.

As part of the Global Money Week 2014 celebrations, Mazars in Pakistan organized an event on March 17th in which 60 Grade 8 students from the Saint Joseph’s Convent Girls High School visited the State Bank of Pakistan Museum.

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Palestine Participants: Palestine Monetary Authority (PMA), Ministry of Education, Ministry of Finance, Ministry of Culture, Association of Banks, Banks, UNRWA schools, Mother’s

School Society Date of event: 16 - 20 March Number of children reached: 156 200

Many fun and exciting activities were planned across Palestine for Global Money Week 2014. Activities and events and participating organizations include: Palestine celebrated Global Money Week in the form Child and Youth Banking Week 2014 (16-20 March 2014). The national celebration included a fun and entertaining ceremonial event where a wide variety of drama, folk dance and the financial activities were organized by the Ministry of Education, Ministry of Finance, Ministry of Culture, Association of Banks, Banks, and UNRWA schools. The interactive performance called “Insuring Dreams” taught the youth and children about the importance of savings and planning their expenses in a lively way. Palestine really took the ‘inclusion’ theme of GMW to heart by ensuring that no one was left out of the educational activities – especially not the children and youth with special needs. All participants were awarded by PMA and the national banks with their own savings account with a generous start up investment of 200 USD. The PMA designed and launched a financial awareness game on the social network Facebook which helps children and youth get acquainted with financial terminology. The PMA also created and distributed 160 000 Global Money Week piggybanks and brochures that explained basic banking and financial information. 214 bank branches were decorated with balloons, posters, flags and colorful, informative banners.

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The PMA conducted activities to enrich children’s financial literacy. A few of these activities were: 1. Pre- and post-questionnaires were filled in by a sample of 2,500 students, in order to measure and assess the financial knowledge of Palestine’s children and youth. 2. 39 700 children, youth, and parents were received at 241 bank branches in order to educate them about the various banking operations and services. 3. 193 schools were visited by PMA and bank employees to conduct financial and banking terminology lessons. The Mothers’ School Society put great efforts into bringing financial education a variety of different locations in the West Bank, including refugee camps. They help financial literacy lessons, organized workshops and held a drawing competition based on the lessons learnt.

Panama

Participants: Superintendencia de Bancos Date of event: 10- 17 March Number of children reached: 217 In 2014 Global Money Week welcomed Panamá to the celebrations. The main education program was held at Colegio Claret, where customer service staff of the Superintendencia de Bancos’ trained 9th to 12th grade students on topics related to financial education such as responsible money management and the importance of saving. 217 students from the school participated in the event which included a mural contest in which the importance of these issues was displayed. As the regulator and supervisor of banks in Panama, the Superintendencia de Bancos’ functions includes protecting and educating bank consumers. Part of this function is performed when promoting financial education and culture. Yo ahorro para “Tener suficiente capital para poder comenzar un negocio propio en un futuro próximo” Esteban Alveo Lo mejor del Global Money Week es “Nos incentiva a poder ahorrar, tiene buenas ideas del ahorro y también para la posibilidad de usar una cuenta de ahorros” Clarisabel Herrera

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Papua New Guinea Participants: Bank of Papua New Guinea, Kada Poroman Microfinance, ENB Savings & Loan Society, Bank South Pacific, Nationwide Microbank, Teachers Savings & Loan Society, ANZ Bank, Westpac Bank, PNG Microfinance Date of event: 10 - 14 March Number of children reached: 500 Bank of Papua New Guinea in partnership with banks and financial institutions organized Global Money Week for the first time this year. Activities were planned for 10th-14th March. Among the collaborating financial institutions were Kada Poroman Microfinance, ENB Savings & Loan Society, Bank South Pacific, Nationwide Microbank, Teachers Savings & Loan Society, ANZ Bank, Westpac Bank and PNG Microfinance. On March 10th the Bank of Papua New Guinea’s Governor announced the start of Global Money Week. He explained how the government, in partnership with commercial banks and financial institutions, have dedicated the week to empower the young generation to be confident, responsible and skilled economic citizens. The Bank of Papua New Guinea’s Governor also led a series of talks about the National Youth Savings Campaign and financial inclusion in general on NBC’s National Radio. He was joined by panel members comprising of managers and CEOs of commercial banks, Microbanks and Savings & Loan Societies. During these talks the panel members discussed various savings products offered by their institutions. 10 schools were visited during Global Money Week by PNG Microfinance and Nationwide Microbank. During the visits the bankers interacted with children and youth on the topics of financial literacy and financial inclusion.

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Paraguay Participators: FundaciĂłn Paraguaya, Central Bank of Paraguay, Foundation of the Paraguayan â&#x20AC;&#x201C; American Chamber of Commerce, Ministry of Education Date of event: 10 - 17 March Number of children reached: 9800 A press conference was held in Paraguay to profile national efforts to increase financial inclusion and education for children and youth. Global Money Week was the main topic during a 1 hour television program broadcast on GuaranĂ TV, one of the most widely watched television stations in the country. Activities which were organized during the week included a financial education workshop that inspired children and youth to begin practicing positive habits regarding savings, resources management and give them the necessary tools to develop financial skills.

goal was to encourage them to not only be business entrepreneurs but social entrepreneurs. They encouraged the youth to discover their passion and to generate positive impact in their communities. This will not only aid them personally but will generate new jobs in their communities. The Central Bank of Paraguay held an activity that closed a week full of joyful learning. A board member of the Central Bank of Paraguay, gave a talk to the young students that participated in the closing as a way of summarizing the lessons learnt throughout the week. These youth then had the opportunity to tour the Numismatica museum of the Central Bank of Paraguay where they received an interactive lecture on the history of money.

Activities were carried out in schools in different areas of the country with the aim of creating awareness about savings, and what else the youth can save apart from money (e.g. water) and how that generates a positive economic impact. A youth forum was organized for children and youth to share their financial experiences and discuss entrepreneur projects. This activity encourages children and youth from different cities and communities to play, share, and learn about the importance of savings and how they are never too young to be an entrepreneur. They created a forum for children in the city of San Lorenzo. 120 teachers from across the country were involved in financial education workshops so. The estimate number of children that they will teach their newly learned financial education curricula to is 2500 children and youth by the end of this year. The Paraguayan Ministry of Finance (MF) presented to self-employed women and young entrepreneurs on how to incorporate innovation into their respective enterprises. Their Global Money Week 2014

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Peru Participants: Superintendencia de Bancos, Institute of Peruvian Studies, Banco de Crédito de Peru, Visa International, National Congress, Ministries of Education, Ministries of Economy Date of event: 13 - 16 March Number of children reached: TBC Global Money Week celebrations were framed by the commemoration of the Consumer Protection week in Peru. One of the lead Global Money Week activities was the combined effort of multiple national authorities in redrafting the National Curriculum Design (DCN) to include Economic Citizenship Education.

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During this year’s celebrations the Superintendencia de Bancos (SBS), the Institute of Peruvian Studies (IEP), Banco de Crédito de Peru (BCP), Visa International, the National Congress and the Ministries of Education and Economy joined efforts to ensure that the experience was unforgettable for children and youth who took part in it. Children and youth learned about finances by playing the most popular sport in Latin America: Football. Visa International’s Financial Football puts child and youth financial skills to the test in a fast-paced, multiple-choice question game. The game tested players’ knowledge on financial management skills as they advance down the field and try to score.

The National Congress organized a series of activities that allowed children and youth to share experiences about the financial issues that most concerned them. This activity included financial education games, workshop and hand-outs which explained the importance of the appropriate management of resources. Under the motto “The Progress Route” partners in Peru also organized a financial education fair for children and youth and their families. Together they walked the ‘route to progress’ in the 2 day long fair that focused on personal and family finances.

Philippines Participants: Bangko Sentral ng Pilipinas, Department of Education, Bankers Association of the Philippines, Children International Date of event: 18 February - 14 March Number of children reached: 3000 Bangko Sentral ng Pilipinas along with Department of Education, Bankers Association of the Philippines and many others organized a series of activities prior to and during Global Money Week. Among others, children and students had the opportunity to learn about money management, discuss digital multimedia campaigns and develop entrepreneurial skills in a range of different activities that started on February 18th and continued through to the March 18th. About 130 high school students from De La Salle Integrated School participated in a museum tour where they learned about the role of the Bangko Sentral ng Pilipinas (BSP) in the economy through a series of explanatory videos, interactive discussions and presentations. The University of San Carlos in Cebu City hosted a series of briefings undertaken by the Bankers Association of the Philippines for the beneficiaries of Overseas Filipino Workers. The main themes of the day were basic saving and money management, investment opportunities for students and avoiding of financial frauds. In a visit at the BSP Money Museum, 39 children from Kiddopreneur had the opportunity to learn about how money works through a series of games and interactive activities meant to develop their entrepreneurial skills. Moreover, in a dialogue with the Deputy Governor of the BSP the children received answers to their questions and deepened their understanding of monetary processes.

The College of St. Benilde hosted a Digital Social Design Interface Conference where 200 students of the Multimedia Arts Faculty discussed and conceptualized digital multimedia campaigns for use for advocacy campaigns, among these being financial literacy. The Teacher of Hope Awards is a program that nominates and promotes the best teachers that managed to integrate lessons on saving, money management and entrepreneurship in the public elementary school system. About 100 children visited Sta. Barbara Elementary School in Iloilo to learn more about financial education and to recognize the achievements of the awardees in this school and community. Throughout an entire month, the Polytechnic University of the Philippines in cooperation with BSP ran “Bamboo to Bangko” a national savings promotion program for children in different schools, colleges, academies and universities. More than 1200 children were taught about savings and money management through fun and interactive activities that culminated with them breaking their Bamboo Coin Banks to use the money for opening a bank account. In Tabaco City, children from Sagurong Elementray School celebrated Aflatoun Day and Global Money week by hosting a Health and Sanitation Campaign with the theme of “I learn, I save, I educate.” This year’s celebration focused on the second core element – Rights and Responsibilities – which gives emphasis on the “Right to Health” and the responsibility that individuals have to keep themselves healthy through preventive health practices. A specific emphasis was given on the prevention of Hepatitis A and measles. A total of 706 school children and 20 teachers participated in this event.

Telecommunications and the Ayala Foundation. Not only did the attendees learn about this mobile banking service, but many also opened their accounts. In Manila, youth participated in the International Aflatoun Skype call and also hosted a celebration event at a local high school. During the Skype call, 13 youth interacted with 20 young children from Sri Lanka who are part of the early education program of Aflatoun, called Aflatot. At Maligaya High School, 99 youth participated in the Aflatoun Day Celebration in which former Aflateen Facilitators led activities with the youth and promoted the five core elements of Aflatoun. In Legazpi, the CI field office conducted a mock-up banking activity in a local elementary school and within the community. This activity provided an opportunity for almost 400 children to learn about the banking system and practice banking transactions such as filling out deposit and withdrawal slips. The following topics were highlighted in this activity: the use and importance of money; how to spend and save responsibly; how to save money in banks; and the procedures in opening a bank account.

In Quezon City, Legazpi and Tabaco City, the field locations hosted an orientation with over 300 children, parents and volunteers to introduce them to BPI Globe BanKo, a mobile banking and micro-level savings product. This product was jointly created by the Bank of the Philippine Islands, Globe Global Money Week 2014

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Poland Participants: Polish Financial Supervision Authority (KNF), Primary School number 46 in Warsaw Date of event: 12 March Number of children reached: 38 The Polish Financial Supervision Authority (KNF) joined in on the Global Money Week action by organizing an event to promote a new booklet made for children “Let’s talk about finance. The handy ABC for Janek and Hania” (“Porozmawiajmy o finansach. Poręczne ABC dla Janka i Hani”). The booklet is distributed under the KNF’s financial services client guide cycle. The authors of the booklet Dorota Bęben and Piotr Nowak prepared a short presentation which explained the benefits and tips on keeping a household budget. After the presentation, children took an active part in a workshop concerning family budget planning where they discovered how simple the methods of saving money are. At the end of the event each child received a booklet and a toy replica of a payment card.

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Portugal Participants: Portuguese National Plan for Financial, Education -Banco do Portugal, Portuguese Securities, Market Commission (CMVM), Portuguese Insurance and Pension Funds Supervisory Authority (ISP),Euronext Lisbon, Six schools in Lisbon and Oporto Date of event: 10 - 17 March Number of children reached: 540 Under the Portuguese National Plan for Financial Education – an initiative of Banco de Portugal (Central Bank), the Portuguese Securities Market Commission (CMVM) and the Portuguese Insurance and Pension Funds Supervisory Authority (ISP) – 6 Portuguese schools participated in Global Money Week 2014. 50 school students from Lisbon visited the Portuguese Securities Market Commission (CMVM), where they learned about the role of the CMVM and how the primary and secondary securities market work. They also visited Euronext Lisbon (Lisbon stock exchange) and took part in the ringing of the bell at the closing of the stock market. School students visited the Banco de Portugal where they were treated to a guided-tour of Banco de Portugal’s Money Museum and learned about the role and history of money. The students also held a videoconference with Child and Youth Finance International representatives, who explained Global Money Week’s main objectives and this year’s global theme: What do children and youth want for their future? This was the starting point for a discussion about the importance of savings, in order to achieve future goals. During the discussion, students also learned about the role of the Eurosystem in safeguarding price stability and the value of money and savings.

The students then had the opportunity to share the projects that they have been developing in the area of financial education. Schools from the Oporto region participated in the Global Money Week, under the Portuguese National Plan for Financial Education. Various activities were organized at one of the schools involving almost 400 students from different school levels. The students participated in educational games, watched movies on financial education and participated in study visits to the Paper Money Museum (of António Cupertino de Miranda foundation). A group of students had a debate on the importance of financial education and held a videoconference with students from a school in Colombia about this topic. While another group of students from a different school prepared a presentation for raising awareness on the importance of financial education, particularly on issues related to savings and budget management. A school in the north of Portugal, Colegio Santa Eulalia in Sanguedo, participated in Skype calls to celebrate Aflatoun Day. A journalist that publishes materials related to Portuguese Financial Literacy was also there to write about what the young people would discuss during the call. During the call both schools shared about their enterprises. The Armenian and Portuguese students loved chatting to each other about their respective entrepreneurial activities. The Armenian students showed off their self-made creative mobile phone accessories and shared that they raised approximately 300 euros by selling them. They explained that the money will be used for school excursions. The Portuguese students talked about their school garden which they harvest for fresh vegetables which they sell to the community (parents, teachers and other children).

A visit to the Portuguese Insurance and Pension Funds Supervisory Authority (ISP) was also organized for students, where they took part in a game and a Q&A session about savings and insurance.

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Puerto Rico Participants: Nuestra Escuela Date of event: 10 - 17 March Number of children reached: 146 The organization Nuestra Escuela conducted an exciting week of celebrations between the 10th and the 17th March 2014. Volunteers from the organization held a workshop for young Puerto Ricans to about creating youth cooperatives so that they can work with their peers to advocate for financial education and inclusion. During the workshop participants were also given tips on how to be entrepreneurial in a ‘bad’ economy. Children and youth were invited to visit banks for a tour as well as mini-lectures. The younger children were told how the banking system works and how money is designed and minted, while the older youth learnt how to use a checkbook, a credit card and what process they will have to go through in order to buy a home. In the city of San Juan, children were taught efficient money management skills through fun activities and playing games based on buying and selling of articles. A social network campaign was designed to teach young people about how public funds are used, what the annual national budget is and how it is allocated in 2014. A video-conference was also organized between Puerto Rican and Nicaraguan pupils to chat about ‘the future of children.”

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Romania Participators: National Bank of Romania, Ministry of Education, VISA Europe, “Junior Achievement Young Enterprise” Romania, Transylvania college (with the support of Banca Transilvania), Bucharest Stock Exchange Date of event: 10 - 17 March Number of children reached: 7695 For GMW 2014 the National Bank of Romania, Visa International and Junior Achievement jointly implemented events for primary and middle school students. The first of which was the ‘International Conference on Financial Education: Investment in the future of the society’ organized and sponsored by VISA Romania, NBR and the ministry of Education (MNE), where the collaboration on a Romanian financial education white paper was the centre of discussions. NBR’s GMW program included visits to their branches; presentations on the history of the national currency; lectures on the local peculiarities and the security features of banknotes; and screening of NBR’s educational videos. Students and teachers attended the International Conference on Financial Education: Investment in the Future of Society on the 13th March and visited the NBR’s head office, the NBR Museum and the State Mint. They also watched Eugène Labiche’s “Piggy Bank” performed by the Wiener Kindertheater. Overall, more than 6,100 students and approximately 360 teachers from 124 schools across Romania took part in these NBR GMW initiatives. During Global Money Week, 1095 students who are taking the NRB and MNE implemented financial education subject participated in regional competitions called the ‘Olympics of Young Bankers’ (‘Olimpiada Micilor Banchieri’). Visa Europe launched the BaniIQ program, together with the Romanian Member Banks, the Ministry of Education, UNDP, the National Consumer Protection Authority, Junior Achievement and IREX. BaniIQ is an effort to scale up and

coordinate financial literacy efforts on a national scale. Junior Achievement (JA) Romania organized learning-by-doing financial activities delivered by JA teachers and volunteers from partner banks Alpha Bank, BCR, BRD Groupe Société Générale, Credit Agricole, ING Bank, Millenium Bank, Raiffeisen Bank, Banca Transilvania, UniCredit Tiriac Bank, VISA EUROPE, and the Romanian Stock Exchange. JA also organized Innovation Camps where high-school students partook in creative and innovative challenges on financial topics. The ultimate aim is for JA to gather information to create a white paper on financial education called ‘Teens Personal Finance’. JA also collaborated with Bucharest Stock Exchange in organizing a presentation for high-school students. Transylvania College, the winner of the Global Money Week Award 2013, organized an empowering financial and entrepreneurial education program with a host of activities such as ‘Funny Money’ where the students earned money for various positive actions and good behaviour during the week. They could choose to deposit the money in the ‘Virtual Bank’, a facility especially offered by Banca Transilvania for this event. Visits were organized to Banca Transilvania, Auchan Supermarket and a recording studio (showing an entrepreneurial activity). The school’s radio announced events, daily results of contests, the exchange rate for Virtual Stock Exchange competition and topic related songs. A webinar on how to raise a “Prosperous Child” was held, as was an exhibition & auction where hand-made products by students (primary and middle school) were sold to parents and community members.

present their projects to financial and entrepreneurial specialists. The selected projects were entered into the finals where a jury will finance the winning 3 projects for a year. Another competition was organized whereby the students worked in groups to solve problems arising within their virtual companies. Through VISA Europe’s ‘Financial Football’ students learned about finance and entrepreneurship. ‘Youth Inventika’ was an activity where students thought of an eco-friendly innovation which would save time and money. The accepted proposals were produced as a prototype and presented to judges. The works were then exhibited in the school’s hall. Even kindergarten children were involved in GWM with activities such as ‘career week’; ‘funny math’ where kids learnt simple arithmetic with coins; ‘the smart shopper’ where kids visited grocery stores in groups and learnt about prices, payment, change, and budgeting; and ‘Cake Sale Day.’

High school students had the opportunity to meet 10 entrepreneurs when they participated in an interactive panel on the topic of “Key to Success for Young Entrepreneurs”. The students held a debate on whether financial and entrepreneurial classes should be in the schools’ curriculum. A ‘Start-up Competition’ was organized for enterprising students who, after training sessions, had the opportunity to Global Money Week 2014

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Russia Participants: Moscow Money Museum, Vladivostok Boarding School for Gifted Children, Center-Invest Bank, NGO â&#x20AC;&#x153;Youth Center of Financial Operations Studiesâ&#x20AC;? Date of event: 10 - 14, 17 March 2014 Number of children reached: 663 Russia celebrated Global Money Week with a variety of activities young children and older youth. Moscow Youth Center of Financial Operations Studies participated in Global Money Week 2014 with a range of activities for students and school children. On March 13th the Center organized a lecture for students in Moscow on financial literacy issues and the basics of financial planning. The main goals of the event were to increase the level of personal financial capacity, to acquire knowledge about the current situation in financial markets, and to teach students about personal financial planning. High-level finance professionals talked to students about the importance of personal financial plan and its components. More than 250 students from leading Moscow universities attended the lecture. On the 17th March, volunteers of the Financial Literacy Program of the Youth Center for the Financial Operations Studies conducted lectures to more than 50 high-school students in Moscow, in order to increase financial literacy of youth. Following the lectures there was a lively discussion and an interesting Q&A session. These lectures were part of the official launch of the financial literacy program for school children in Moscow. The Center-Invest Bank in Russia organized several activities to promote Global Money Week and to raise awareness about the importance of financial literacy for children and youth in Russia. On the 14th March, in conjunction with the Rostov Region Local Studies Museum, 35 students received an interactive lecture on the history of entrepreneurship and the 114

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origins of the merchant trade in the Rostov Region. Additionally, specialists from the bank and volunteers from southern Russiaâ&#x20AC;&#x2122;s leading educational held financial literacy classes in 2 schools. They reached an estimate of 78 school children. Lastly, 20 pensioners and veterans took part in free financial consultation seminars. A group of school children visited the Moscow Money Museum where they learned about the history of money, interesting and useful facts about how money works and saw the banknotes and coins from over 80 countries. There was also the screening of several episodes of a mini-series about money where the different aspects of money as means of communications were explored. The excursion included an exciting quiz for kids on the key facts about money as well as a raffle. Vladivostok Boarding School for Gifted Children in the far east of Russia celebrated Global Money Week with 4 days full of activities. The acitivites included writing competitions, youth quizzes and presentations on topics such as the role of economics in their lives, money, entrepreneurship, taxation, as well various master-classes and economic themed plays. On the 11th March the Vice-President of Nomos Bank in Vladivostok visited the school and shared his experience of how he began saving from a young age. On the last day of local Global Money Week results of writing competitions and quizzes were summed up.

Rwanda

Participants: Parlement des Jeunes Rwandais (PAJER), Association of Microfinance Institutions in Rwanda, Plan Rwanda Date of event: 1 February - 17 March Number of children reached: 9000 Rwanda celebrated a month of activities prior to Global Money Week 2014. During the week they organized debates on the topic “Why the need for financial education?” The youth NGO PAJER partnered with Plan Rwanda to train over 6,000 voluntary savings and loan cooperatives with over 15,000 members. One of the most exciting events was the involvement of the above members in debates for Global Money Week

which took place in their communities. The main focus was on financial education. PAJER also organized a debate in 4 secondary schools in Kigali. One success story was that of Mukabalisa Philomena, aged 25, a mother of 5 children from Ineza Vsla. She is one of the beneficiaries that has succeeded due to the combination of a loan from Vsla and her participation in the cooperative. ‘Thanks to Plan Rwanda and PAJER in particular’, says Philomena. Before, she used to sell local cooking oil commonly known as Amamesa but after four weeks of her being in the co-op, she was among the first members that took a loan because she wanted to own her very own boutique. ‘I have been trained and

actively participated in the Global Money Run-up activities; I now know how to use my money wisely but also share my dreams and passion with other people,’ said Philomena. The Association of Microfinance Institutions in Rwanda organized activities on 17th March in Rwanda, joining countries around the globe in celebrating Aflatoun Day at the end of Global Money Week.

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Samoa Participants: Central Bank of Samoa Date of event: 10 - 17 March Number of children reached: 550 Central Bank of Samoa organized the Be Money Wi$e competition to encourage children to use their imaginations and knowledge about money choices and ways to invest and grow money. Be Money Wi$e was a financial literacy poster competition for primary schools in Samoa during 10-17 March for kids between the ages of 3-8 years. A total of 550 entries were submitted by children from 11 primary schools. Prizes were awarded to 15 winners (5 each from 3 categories) as the schools the winning children. The winning posters were displayed in the building of Central Bank of Samoa. Central Bank of Samoa conducted the prize giving ceremony on Friday the 14th March for its first ‘Be Money Wise’ Financial Literacy Poster Competition, with the 2014 theme “I can grow my money by….” The poster competition was a creative outlet for kids to demonstrate their imaginations and knowledge about money choices and ways to invest and grow money. The poster competition is one of the many programs by the Central Bank to promote financial literacy under the Financial Fitness campaign. The 2014 ‘Be Money Wise’ financial literacy poster competition targeted primary schools in the country and was divided into 3 categories; • Category 1 – Years 3 & 4 • Category 2 – Years 5 & 6 • Category 3 – Years 7 & 8

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The top 5 winners from each category win a cash prize of $100 tala from the Central Bank plus $50 Gift voucher, trophy and other great prizes sponsored by Business Systems Ltd. The winners’ respective schools were also awarded 100 tala cash prize by the Central Bank for each winning entry as well as boxes of financial literacy board games. The Governor of CBS stated that financial literacy “is an important life-skill in our diverse capacities as students, employees, consumers, savers and investors and more” and that we must “plant now the financial literacy seed, and we will watch as our children and students grow and bloom into responsible economic citizens”. The Governor also acknowledged the parents, principals, teachers and children, for their entering and enthusiastically participating in the competition. In total the CBS received 550 poster entries from 11 primary schools. A minimum of 550 children and youth were reached during this week’s celebrations. This number does not yet reflect all the kids that were reached through traditional and social media.

Saudi Arabia Participants: Capital Markets Authority (CMA), Saudi Basic Industries Corporation (SABIC), Al- Jazeera Bank, Irqah Elementary School, Hammad IBn Abi Hanifa School, Education Private School, United International School, Hope Institute of The Deaf, Al-Bashyer School, Al-Aswad Bin Wahb School, Kingdom Schools Date of event: 10 - 17 March Number of children reached: 7650 The Capital Markets Authority (CMA) in collaboration with Saudi Basic Industries Corporation (SABIC), conducted exciting innovative and educational activities in The Kingdom of Saudi Arabia for Global Money Week 2014. Several educational and financial awareness campaigns were organized to integrate the youth of today into the world of finance. A financial education book fair marked the launch of this year’s Global Money Week. This international book fair was visited throughout the week by students from around the country. The rest of the week was filled with fun activities such as financial experts visiting schools and students visiting the coin exhibition. Innovative new media campaigns were also rolled out by the CMA, such as the Young Financers video campaign launched via social media and the sending of over a million financial awareness text messages. The employees of SABIC launched the Smart Investor program which will run throughout the year. In addition, The Saudi Capital Market authority just finished the final touches in the smart investor BUS as a replacement to the mobile caravan. CMA will be using the bus in the “smart investor” tours around the kingdom during holidays, festivals, outdoor activities and in public parks and malls. The bus includes TV screens to show our programs, ATM touch screens, stands and public touch screens includes all the program materials.

SABIC’s Ambassador launched the Smart Investor program with 6th grade female students from the Irqah Elementary School. The session started by introductions and an explanation about the Smart Investor program and Global Money Week. After that, the ambassador told the students the story of Riyals and how paper currency came to be used in the Kingdom. She then gave the students saving and investing tips and she gave examples of people who are financially secure now because they saved and planned investments from a young age. She highlighted the benefits of giving money to the poor and how if the students do it wisely they will help others without hurting their own investments. At the end of the day the students were given stickers and enjoyed eating cupcakes while reading their Global Money Week and Smart Investor magazines. The students were encouraged to join the Smart Investor social media accounts also given the social media accounts so that they can keep up to date on the year’s program. SEDCO (Saudi Economic and Development Company) held a day-long Summit at King Abdul Aziz University to introduce their Financial Literacy Program called “Riyali”. The program has its own app (software application) which SEDCO designed in association with the Ministry of Labor (MOL). The summit was opened with a presentation by the main guest speaker the founder of Operation HOPE. During the morning a panel of youth success stories were shared and discussed. This was followed by a variety of workshops covering budgeting, saving, investing and borrowing. The app is fun, easy and educational and it was downloaded more than 7000 times during Global Money Week. SEDCO also organized a celebration for Global Money Week at the Red Sea Mall, where the aim was to raise financial awareness for children and youth and their parent. The event was attended by more than 3,000 members of the public in addition to a number of national and international journalists.

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Senegal Participants: PAMECAS Senegal, Lycée Blaise Diagne Date of event: 8 - 19 March Number of children reached: 1500 Partenariat pour la Mobilisation de l’Epargne et le Crédit au Sénégal (PAMECAS) organized a Global Money Week Walk on the 8th March which took place with the theme of “Libres par essence, femmes réclament tes droits” which means “Free by Essence, Women claim your Rights!” The walk encouraged young girls and women to know their financial rights and to take their financial future into their own hands so that they have the chance to grow up to be independent and autonomous. During the rest of the week, PAMECAS took part in video chats and gave a talk to students in Lycée Blaise Diagne on financial education, functions of financial institutions and the importance of saving and opening a bank account. They also helped many of their students open bank accounts during the week. They ended the week with a Literary Café where a number of famous writers in Senegal were present to chat with the youth about saving up in order to follow their dreams. “I think financial education is a good thing….the impact is positive because before we did not know how to manage our savings….with the financial education session everything will change…now we can manage our budget.” Lydia (23) Lydia is interested in starting her own poultry farm enterprise. She already has chicks for pleasure but she would like to start her own business.

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Mamadou Fam (18) : He received a training financial education and believes that this will bring changes in his study, how to manage his savings, his income. He also understood how banks work especially a financial product pour young people 12-14 years old called Ndoorte facilitating savings and credit. Mamadou has discussed with his parents and opened a bank account. Elajmali Jones (15): He is already doing sheep farming and agriculture. He is looking for financial support to continue his project.

Serbia Participants: National Bank of Serbia, Institute of Improvement of Education, Franklin University (Switzerland), Faculty of Law and Business Studies Novi Sad, Law Business School, Nada Dimić Economical School, Loznica Economical School, Valjevo Economical School, Dragačevo Secondary School, Drinka Pavlović Primary School, Kosta Abrašević Primary School, Terazije Kindergarten Date of event: 10 - 14 March Number of children reached: 356 Activities during Global Money Week were dedicated to raising awareness for the need for financial education for children and youth so that they can make ethical and responsible financial decisions. The intention was to educate and develop a financial culture among young people while introducing them to the basic concepts of finance, through specially tailored didactic materials, workshops, lectures and other activities.

school curriculum. Participants learned about the general history of money, the history of their national currency, the security features of Serbian banknotes, the current banknotes of different countries and the importance of money as a testimony of national identity. The second workshop was called “Me and my budget” and aimed to develop a financial culture amongst children and youth. Participants learn about basic financial terms and create a family budget for one month period. They explore the concepts of spending, borrowing and saving, in order to learn how to manage their own money. Guided visits to the exhibition space of the National Bank of Serbia Visitor Center’s standing exhibition “Money in the territory of Serbia – from its first appearance to current issues”. Other current exhibits were “Euro”, “Minting Coins”, “Counterfeited Dinar, Euro and Dollar Banknotes”. Visitors were given fun customized banknotes with their own portrait on it and an imaginary value of 1884 dinars: the year of the establishment of the National Bank of Serbia.

One of the highlights during GMW was the meeting of professors from Economical, Law and Business Secondary Schools, as well as a representative from the Institute for Improvement of Education of the Republic of Serbia. Representatives met with high-school teachers in order to present financial education materials that can be incorporated into various curricula. This was an important step in ensuring that the financial education of children and youth is included as an essential part of education within the educational institutions. Two workshops were conducted during GMW. The first was called “Dinar – our Money” and it was held at the Business and Law School in Belgrade. The aim of the workshop was to help children learn financial lessons that aren’t taught in their Global Money Week 2014

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Sierra Leone

Participants: Childrenâ&#x20AC;&#x2122;s Agenda International, Guarantee Trust Bank, British Council of Sierra Leone, Union Trust Bank Date of event: 14 - 17 March Number of children reached: 155 Childrenâ&#x20AC;&#x2122;s Agenda International celebrated Global Money Week in Sierra Leone through financial education workshops in schools, radio shows directed at children and youth (in collaboration with the British Council) and press releases to promote Global Money Week throughout the country. The workshops focused on how money works, the important opening a savings account, operating ATMs and creating opportunities for a sustainable livelihood. All the activities and events were focused on the topic of financial education and explained how money works, introduced the Pikin (which means children in the local language) Savings Account, and expressed the importance of the ATM system and entrepreneurship. There was also a radio talk and a press release to summarize the 4 days of financial education and inclusion awareness to mark the end of the celebrations.

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Singapore Participants: National Institute of Education, Ministry of Education, PlayMoolah Date of event: 10 - 17 March Number of children reached: 2600 National Institute of Education and Ministry of Education in association with many local schools and universities celebrated Global Money Week. The national celebrations included exciting activities for children and youth such as financial literacy workshops, experiential learning journeys and financial challenges that taught the participating youth about real-life financial situations.

(Indonesia) to conduct financial education themed activities for the school children in Batam schools. The Park View Primary pupils received lessons in VIA, Servant Leadership, financial literacy and Basic Conversational Bahasa in the weeks prior to their Indonesian visit. The participating kids then went to 3 schools to teach financial literacy through craftwork made from recycled materials. Playmoolah organized a session with the authors of popular Singapore-themed investment book “InvestLah”. The authors broke down the often elusive topic of investing into bite-sized chunks that are easy enough for youth to understand and take action on. Youth had an opportunity to ask any questions that they had about investing.

As part of the Outram Secondary School’s efforts to provide students with a holistic educational experience, all students underwent an experiential learning. During this week, pupils learned about how to be a self-directed learner and gain confidence in business & enterprise elements, where the topics included local entrepreneurs, branding and marketing and social entrepreneurship respectively. Coral Primary School English teachers were taught how to include financial literacy in their English classes. The trainings focused on how to build topics such as “budget”, “bonus”, and “saving for a rainy day” into their lesson plans. Subsequently, the teachers taught financial education topics to 300 students during the 5 day period. 33 Biz Club members from Nanyang Junior College were trained to become Praxis Financial Literacy Game facilitators. As facilitators, the Biz Club members then explained the game to their peers during financial education themed lessons. On the 13th March, the lecturers and students of the Republic Polytechnic held a Praxis Financial Literacy Game Challenge for the 40 students from Evergreen Secondary School. 190 students from Park View Primary went to Batam Global Money Week 2014

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Slovakia Participants: Children of Slovakia Foundation Date of event: 10 - 17 March Number of children reached: 2869 Various activities were organized by Children of Slovakia Foundation which were attended by the members of their social and financial literacy development programs. For Global Money Week the Foundation brought together 3 non-governmental organizations, 42 schools (ranging from kindergarten to high school) from all regions of Slovakia, altogether about 2,900 children and young people. Lecturers from both programs voluntarily prepared special activities for both children and youth such as finance-themed workshops with their families, teachers or lecturers. Activities based on experimental education gave children a chance to manage and use money. For example in one activity, participants prepared their own budget and savings plan together with bank employees. They also learned bargaining and commercial skills. The students then put their newly learned skills into practice by baking and selling cookies. Participants also organized a financial collection for the animal shelter in the neighbourhood; a charity concert for their ill classmate and a financial collection for their classmate in material need. They discovered how important it is to help each other while gaining new organizational and economic skills from managing the events. “Let’s create something useful from the waste” was the topic of a workshop for elementary-school pupils from the primary school Kvačany were the children learnt the value of things and how to make a profit from that value. A workshop for elementary-school and secondary-school pupils called “Let’s look for fundraising possibilities in our town” showed children and youth how to create fundraising opportunities in their community. The students came up with an idea at the end of the work shop called “Let´s turn the waste 122

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in our village into a profit”. They prepared concrete proposal and organized a meeting with the mayor to discuss their proposal. The Mayor promised to use their proposal to fuel further discussions with other elected members of the village council. Primary school children were taught about the euro and how to use modern payment methods. Others were taught “economical cooking and baking” where they worked out a budget, went grocery shopping and baked a cake to serve to their parents and grandparents after school. They then compared the costs for baking as opposed to buying a cake. The money they saved the school put into their year-end party’s class fund. A workshop for children from Children´s Home of K. Hofbauer in Podolínec, Slovakia, taught children how to start a business and establish a trade. They had the chance to discuss their ideas with the invited guest –a budding fast food entrepreneur. The entrepreneur was a long-term unemployed person who started his own successful business. The children loved listening to his story and learning practical steps that they can use to start their own business, i.e. the procedure and conditions for a trade certificate; how to apply for a business allowance; and the legislative obligations of a business owner. Secondary schools, primary schools and a seniors club in Martin, Slovakia hosted an acitivity called “Let’s talk together,” where the pariticpants were taught the importance of money in a changing economic system and how to ensure a stable financial future for youth. The generationally diverse group also discussed the importance of money and savings. A special one-day program for mothers living in the Crisis Centre of St.Elisabeth, Banská Bystrica, Slovakia with their children involved inspirational social-financial education activities. They discussed their financial possibilities and the process of finding a job. Beside the discussion we prepared a meal together with an agreed upon budget. Later they played

games and took a financial quiz. Various topics were discussed with young families in community centes. Topics discussed were how to use money in a responsible way, life insuranve, family budgeting, personbal budgeting, money and its various forms, how to calculate wages and how to save.

Slovenia Participants: National Education Institute of the Republic of Slovenia Date of event: 10 - 17 March Number of children reached: 5000 National Education Institute of the Republic of Slovenia encouraged finance lessons to be taught to school children from around the country during Global Money Week. Home economics teachers dedicated a lesson to financial education and other Global Money Week activities such as entrepreneurship. The National Education Institute publicized information on their website for the teachers to base their lesson plans on. The Institute supplied the local TV and radio stations with news of Global Money Week which they scheduled into their programming.

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South Africa Participants: Kwazulu-Natal Financial literacy Association, Johannesburg Stock Exchange, Operation Hope, The Banking Association of South Africa, Old Mutual, First National Bank, ABSA, Financial Services Board, NEDBANK, Durban Chamber of Commerce and Industry, Province of Kwazulu-Natal, Postbank South Africa, Standard Bank, Ithala Development Finance Corporation ltd., University of Kwazulu Natal, SEDA, Consolidated, Aflatoun, Morar Incorporated, National Treasury Date of event: 12 - 14 March Number of children reached: 200 Kwazulu-Natal Financial Literacy Association held a Child and Youth Finance Summit in Durban on 13th and 14th March to commemorate Global Money Week. They addressed issues on entrepreneurship development and financial education and

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inclusion strategies for youth both in and out of school. Surveys were also shared and discussion took place on the effective ways to measure the impact of financial education programs. Recommendations were shared with policy makers on the most effective way to communicate with youth. A special session was held during the summit for youth from South Africa, Zambia, Botswana, Namibia, Lesotho and Swaziland. They participated in a video chat with students from Romania, visited banks and financial institutions and had interactive sessions on how to save and entrepreneurship development. Some of the partners that participated in the summit included ABSA, Financial Services Board, First National Bank, Nedbank, Postbank, Standard Bank, Aflatoun, Durban Chamber of Commerce and Industry, Old Mutual, The Banking Association of South Africa, Morar Incorporated Chartered Accountants, Ithala Development Finance Corporation Ltd.

wJohannesburg Stock Exchange (JSE) in collaboration with 3 Ring Circus hosted an expo dubbed ‘Yo Future Expo’ on 12 and 13 March. They invited Grades 11 and 12 learners to an expo in Rustenburg to learn about study opportunities at various institutions as well as other education initiatives offered by institutions. The learners were also taught about JSE and the Investment Challenge game. A total of 2000 learners participated in the ‘Yo Future Rustenburg Expo’. Operation HOPE’s involvement with Global Money Week was through the Banking on Our Future program. The program was held in schools in Gauteng and the Western Cape provinces. 200 young people, ranging from elementary school through to high school, were empowered with information on budgeting, managing bank accounts, credit, investment and savings.

South Korea

Participants: Financial Quotient Council Date of event: 14 - 15 March Number of children reached: 500 Financial Quotient Council (FQC) organized 2 great events focusing on financial education of children and youth: 1. FQC trained 40 staff members from a local bank to become financial instructors. These new instructors then visited primary, middle, and high schools in rural areas and taught students lessons on financial education and financial inclusion. The students were all from financially vulnerable families from rural and non-urban areas. 2. FQC also organized an experiential finance class for primary school children from the 3rd to 4th grade. Parents of the students also took part in the class. The class focused on topics such as ‘how to manage an allowance’, ‘plan a financial design according to the stages of your life’ and more. The children were then encouraged to put their lessons into practice by playing in a simulated environment called a ‘Financial Village.’

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Spain Participants: P.A.U. Education Date of event: 10 - 17 March Number of children reached: 500 As part of the BBVA Valores de Futuro financial Education Program, P.A.U. Education informed and motivated schools in Spain and Portugal to join this year’s global celebration. Information about the planned global activities and VIP Talks were published daily on social networks and on a blog dedicated to Spain’s Global Money Week program. During Global Money Week, Spanish and Portuguese schools were visited by BBVA volunteers who advised and guided

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primary and secondary students in the school’s saving campaign. More than 400 schools are currently participating in this ‘savings’ campaign’ initiative in both Spain and Portugal. During Global Money Week, 34 sessions were held in Spain and Portugal directly reaching around 750 students. In addition, in order to celebrate the international day of Consumer’s Rights on 15th March, an activity on responsible consumption was sent to schools to inspire teachers to adapt their lesson plans accordingly. P.A.U Education also helped in the organization of the exchange experiences between Spanish and Portuguese students with South American children and youth. This exchange allowed

young people to engage with their peers in other countries on issues related to financial education, entrepreneurship and the role of banks in serving the best interests of children and youth. In addition, and as always, teachers participating in the Valores de Futuro program were encouraged to develop any of the 63 activities proposed in the program’s teacher book that aim to promote reflection on financial education’s important values such as solidarity, entrepreneurship, fair trade and responsible consumption.

Sri Lanka

Participants: The Network for Education, Children and Youth (NECY), Aflatoun Date of event: 17 March Number of children reached: 200 The Network for Education, Children and Youth (NECY) in Sri Lanka participated in Skype calls as part of Aflatoun Day and Global Money Week to connect on a variety of topics including their shared savings activities. They also conducted enterprise activities in schools on Aflatoun Day. In- and out-of-school children in government schools and from the plantations learned the lessons of the Aflatoun programme through ‘child clubs’. NECY also introduced a programme for disabled children and street children. Social campaigns in the project included raising awareness on saving finances, natural resources and local values. They were also taught about and encouraged to start-up financial enterprises including planting and selling vegetables, collecting waste materials for recycling. These ideas were also presented at children’s enterprise fairs in schools.

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Sudan Participants: Plan Sudan, Sudanese Coalition for Education for All (SCEFA), Aflatoun, Ministry of Education, Palace of Youth and Children, Central Bank of Sudan

Date of event: 20 March Number of children reached: 500

Sudanese Coalition for Education for All (SCEFA) in cooperation with the Ministry of Education, the Palace of Youth and Children, the Central Bank of Sudan and Plan Sudan Organization, organized Global Money Day on March 20th 2014 in the Palace of Youth and Children under the patronage of the Minister of Education. The celebration targeted 500 children and their families. A particular focus was given to children with special needs. During the day-long event children participated in social and cultural activities that stimulated their financial knowledge and skills. The activities were challenging and fun so as to encourage discussions in order to find better solutions to the concerns raised during Global Money Week. The event had a carnival theme where children in brightly colored financiallythemed costumes joined VIP speakers in greeting the other participants and their families. Sports activities got the children’s blood pumping while plays and interactive performances were given by children to their peers in order to encourage the youth to engage in discussions about money and savings. The children were also invited to spend time at the ‘drawing booth’ were they created artworks expressing their financial awareness. The drawings were exhibited during the event. Dweim Program Unit facilitated a successful Skype meeting between 10 Aflatoun children from the Mabroka community with children of Aflatoun groups in Philippines and Indonesia. The purpose of the chat was to share the ideas and the experience between the groups. Girls and boys said that they loved visiting the Program Unit office and talking with their peers from the Philippines and Indonesia. 128

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Suriname Participants: Central Bank of Suriname, Ministry of Education Date of event: 11 - 14 March Number of children reached: 7000 The Central Bank of Suriname (CBvS) organized a Global Money Week Fair this year. They invited all commercial Banks to set up a booth and offer financial information to kids and youth in a creative way. At the opening of the fair there was a round table discussion where kids and youth were able to ask questions to the several bank directors and governor in attendance. In addition, different activities and workshops took place. Primary school pupils were treated to market simulations, memory games, and a money counting competition; high school students played a ‘Money detective’ game, and took part in a financial quiz. The children fired ‘sharp’ questions at the bank directors. “Why should I save? Is it better paying with a debit card or cash? Governor, do you know how much money the country needs?” In the month leading up to Global Money Week CBvS sent hand-outs to the primary school teachers with lessons about money, saving, budgeting, entrepreneurship and investment. This resulted in a financial-themed poster competition and a film competition being held for primary school pupils, and an ‘Arithmetic day’ for kids from about 30 primary schools, where they learned how to calculate and count…with money! “If citizens now how to manage their money, it is also good for the country, because there will be more savings and investments. The economy will grow and because citizens start managing their money wisely, everyone will enjoy the country’s economic growth and development.” President of the CBvS Mr. Gillmore Hoefdraad

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Swaziland Participators: World Vision Date of event: TBC Number of children reached: TBC Mercy Corps Swaziland joined in the Global Money Week celebrations by raising awareness for the need for financial literacy through 3 World Vision run projects. These projects specifically focus on the economic empowerment of adolescent girls. Mercy Corps is an NGO that aims to alleviate poverty and oppression by helping people to build secure, productive and just communities. In conjuncture with their regional partners they organized Global Money Week events in a number of countries. In Swaziland they coordinated events with World Vision which is a NGO that works to promote improved and resilient livelihoods so that children, families and communities can experience fullness of life with special focus on economic empowerment and saving groups. To improve child wellbeing, World Visionâ&#x20AC;&#x2122;s strategy is aimed at building foundational livelihood assets, improving livelihood strategies, protecting lives and livelihoods and assessing the context and risk to lives and livelihoods. As such, this strategy combines both quick wins for short-term impact as well as concurrent systemic change for long-term sustainability.

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Sweden Participants: NASDAQ OMX Nordic Stock Exchange (Stockholm) Date of event: 12 March Number of children reached: TBC The President of NASDAX OMX Stockholm welcomed participants to join the ‘ringing of the bell’ ceremony in Stockholm, in commending the Global Money Week Initiative and goals of the child and youth finance Movement. A representative of the CYFI Secretariat updated participants on the activities and participation of organizations around the world in Global Money Week. He highlighted the tremendous growth in participation of Global Money Week since its launch in 2012. A Global Child Forum representative commended the initiative and shared the Forum’s interest in promoting and supporting youth entrepreneurship. The Sweden Postkodlotteriet, shared details of the support that the Novamedia Group provides to charity organizations dedicated to the protection and development of young people. The bell rang sharply at the opening of the market to applause of the other participants from the Swedish Financial Supervisory Authority (FI), the Swedish Bankers Association, and Unga Aktiesparare (the Young Shareholders Association).

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Switzerland

Participants: International School Rheintal Date of event: 10 March Number of children reached: 13 The students from the International School Rheintal in Switzerland connected with students from Retla Kool in Estonia for a Video Chat CafĂŠ. The students enjoyed an hour long online chat via Google Hangout where they got a chance to share their thoughts on money, savings, budgeting etc. Teachers from the International School Rheintal planned special lessons to ensure that there was a financial education theme throughout the week. In art classes students designed money, in physical education classes they played games using money, and in math class they did financial mathematics, and in the usual business and economics classes a special emphasis was given to Global Money Week themes. Even the German literature class joined in by working on a piece of work related to finance. In one of the math classes the pupils contacted local banks and asked them questions from a survey they designed to evaluate their youth financial products.

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Syria Participants: Aflaton Date of event: 17 March Number of children reached: TBC 15000 online voters declared a young Syrian the Aflateen Digital champion through the â&#x20AC;&#x2DC;Aflateen Champion 2014 Competition,â&#x20AC;&#x2122; which was launched by Aflatoun in lead up to Global Money Week and International Aflatoun Day. Young people were invited to share their stories on social and financial projects; more than 33 inspiring stories were collected from 17 countries. The Syrian winner, Emmanuel Allabed, gave enthusiastic feedback during Global Money Week on his learning experience in the Aflatoun program. He specifically highlighted how he learned to manage his time better and fully engage in projects. The more he learnt about the importance of financial education, the more he found himself dedicating more time to his projects.

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Tajikistan

Participants: Mercy Corps, Aflatoun Date of event: 17 March Number of children reached: 50 Mercy Corps is an NGO that aims to alleviate poverty and oppression by helping people to build secure, productive and just communities. In conjuncture with their regional partner Aflatoun they organized an activity to celebrate International Aflatoun Day at the end of Global Money Week 2014. Aflatoun is a network of organizations who deliver social and financial education to over 2 million children in 100 countries. They organized various entrepreneurial themed financial workshops with youths. The workshops set a foundation of basic financial knowledge and also sparked an interest in savings in the young attendees.

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Tanzania

Participants: BRAC Tanzania, Micro-credit Summit Campaign, Camfed Date of event: 12 March Number of children reached: 9000 BRAC Tanzania participated in a webinar co-hosted by Child & Youth Finance International with the Microcredit Summit Campaign. This webinar explored how microfinance can be more inclusive to children and youth and featured a presentation from BRAC Tanzania on their â&#x20AC;&#x153;Empowerment and Livelihoods for Adolescents Programâ&#x20AC;? which works to socially and financially empower youth (age 11-19), mostly girls, through a combination of life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. The program aims to build girlsâ&#x20AC;&#x2122; confidence, instill a sense of self-worth, encourage positive behavior changes, and improve their quality of life. BRAC Tanzania discussed with CYFI and the youth the main program features and some key successes, lessons learned and challenges and opportunities ahead. Camfed Tanzania is currently running Financial Literacy and Business Management skills training for 150 young women from Kilolo, Iringa, Kilosa, Morogoro and Kilombero. Also in Tanzania, young women are running the Revolving Loan Scheme to bring safe saving and borrowing options to their peers in 10 rural districts. This is particularly valuable in rural areas where formal banking services are scarce, and to date the scheme has over 1000 members across the country.

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Thailand

Participants: Plan International Thailand, Right To Play Thailand, Government Saving Bank, Bank of Thailand, Citi Bank, Prudential, Stock Exchange of Thailand Date of event: 10 - 17 March Number of children reached: 500 Plan International Thailand with the Bank of Thailand, Government Saving Bank and Right To Play Thailand organized a full-day event to celebrate Global Money Week 2014. The event focused on financial learning activities for students. Also, the Stock Exchange of Thailand organized an online competition that engaged youth on the topics of savings and money matters. With the view to encourage students to learn important financial management skills such as decision making in business, saving and financial investment for students as well as promoting Global Money Week in Thailand, the event included interactive, participatory and creative activities for youngsters to learn and improve their financial management skills. With the participation of the Bank of Thailand, Citi Bank, Government Saving Bank of Thailand, Plan International Thailand, Prudential, Right To Play Thailand Foundation, SET Trade along with 150 students and over 30 VIP guests, the event proved to be an effective tool for learning financial literacy in a creative and interactive way. Children and youth sent their ideas to the Stock Exchange of Thailand Facebook page as part of a â&#x20AC;&#x153;How to manage your money effectivelyâ&#x20AC;? online competition from which the best 3 were selected as winners and received rewards.

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Togo Participants: Mérite International de la Jeunesse, Ecole Promo Sophia, Institut Polytechnique la Grâce de Dieu, Eglise Evangélique du Togo-Paroisse d’Avénou, Ecole Primaire de L’EEPT-Avenou, Lycée d’Enseignement Technique d’Adidogomé, Complexe scolaire le Cocotier, Institut Polytechnique du Golfe, Ministère du développement à la base et de l’Artisanat de la jeunesse et de l’emploi des jeunes, Ministère de l’enseignement technique de la formation professionnelle et de l’industrie, Institution de Microfinance FUCEC-TOGO, COOPEC AD, Association ASDEFCEG Agoè, Institution de Microfinance FECECAV Date of event: 10 - 17 March Number of children reached: 3700 Togo celebrated Global Money Week from start to finish. The organization had activities planned for everyday of the week. Creative activities included an interactive drama about money; an expressive storytelling about the genesis of money; and a share-session where children expressed the dream which they would like to achieve with money that they save. Youth visited various businesses such as the microfinance institutions FECECAV and FUCEC, and small businesses such as a shoemaker and craft business. School students also visited government ministries who deal with child and youth financial education and inclusion. A football competition between schools created awareness amongst young people about the importance of financial education and inclusion. A game about winning and losing money was also played at schools. The organization encouraged youth to follow Global Money Week on Facebook by sharing pictures and videos of activities on Facebook. Workshops and financial education lessons, debates where arranged to teach children and youth about how they can become more financially savvy. Parents were sensitized about the importance of financial inclusion of children and youth. Global Money Week 2014

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Tunisia Participants: Mercy Corps Tunisia, Enda Microfinance and Tysir Microfinance, Department for International Development, Agence Française de Developpement Date of event: 10 - 17 March Number of children reached: 300 “Tunisia Works” (Tounes Tekhdem) project “Tunisia Works!” (Tounes Tekhdem) is a Mercy Corps Tunisia run project that is funded by the Department for International Development (DFID) and the Agence Française de Development. Their aim is to contribute to the economic and professional education of marginalized youth in the governorates of Gafsa, Kasserine, Tataouine and Medenine through activities that: • Increase financial inclusion of youth (18-30 years old), by improving access and the quality of financial instruments such as savings, credit, remittances, payments, microinsurance and financial education, and development of appropriate delivery mechanisms of financial services for the youth. • Increase entrepreneurial knowledge and practices amongst youth, targeting the improvement of entrepreneurship training, business development support and mentoring services for entrepreneurs during each stage of the entrepreneurial cycle. Mercy Corps Tunisia certified 10 new financial education trainers in the south of Tunisia as a part of the “Tunisia Works” (Tounes Tekhdem) project in the lead up to Global Money Week. These trainers then facilitated 38 financial education sessions during Global Money Week. The topics covered during the educational sessions were budgeting, savings and debt 138

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management, and they reached at least 300 people over the course of the week. This activity is part of a range of activities that aim to create a network of qualified financial education trainers across Tunisia. This network will include staff from Microfinance Institutions (such as Enda and Taysir); government-owned employment and business centers; local associations who are engaged in economic development; and from commercial banks.

Turkey they gave fun financial lessons on money, saving, investing and donation to children in the age range of 9-14. Participants: Paramı Yönetebiliyorum (I Can Manage My Money), Habitat Center for Development and Governance (Youth for Habitat), VISA Europe Istanbul Office, Financial Literacy and Access Association, Capital Market Boards of Turkey, Hacettepe University Department of Family and, Consumer Sciences, Halkbank, Halibank, FODER and Para Durumu Date of event: 10 - 17 March Number of children reached: 1900 A number of organizations across Turkey planned Global Money Week events and activities as part of the 2014 worldwide celebrations. “I Can Manage My Money” (Paramı Yönetebiliyorum) is a project developed by Visa Europe, in coordination with Turkish Republic Ministry of Development, United Nations Development Program (UNDP) and Habitat Center for Development and Governance. The project has conducted 21 training sessions in 14 provinces, where they taught around 1500 young people about financial literacy and budget management. During Global Money Week they also promoted their online money management training module which has reached nearly 1000 people so far. Habitat Center for Development and Governance (Youth for Habitat) conducted 20 training sessions in 13 different provinces in Turkey with 15 volunteer trainers during the entire week.

The Capital Market Boards of Turkey dedicated a space on their website to broadcast Global Money Week’s values and Turkey’s celebrations. Youth Talks about Personal Finance Topics were conducted at Hacettepe University Department of Family and Consumer Sciences. During these talks a Halkbank manager and Halibank financial specialist informed second year college students about financial issues, bank accounts, saving and investment, using credit card, financial instruments, financial literacy etc. This was followed by a question and discussion session. The guest lectures shared some financial materials with the students. In the lead up to Global Money Week, FODER and Para Durumu designed a series of training materials and videos which they used to train 50 volunteers to deliver financial education workshops to schools in and around Istanbul province during Global Money Week. Additional volunteers from the local Credit Bureau and Private Sector Volunteer Association were also added to the FODER program. All activities in schools during the week were promoted on the Para Durumu website and through local print, TV and social media. In total, 200 schools and 118 volunteers were involved in the workshops in schools, reaching approximately 20,000 children between the ages of 8 and 10.

The Istanbul Office for VISA Europe conducted face to face education sessions in several cities with an initial aim to reach 2000 people and online education sessions to reach 5000 people. They also organized a Youth Talk at Boğaziçi University. The NGO Financial Literacy and Access Association arranged a “Learn Money Week” during the Global Money Week where Global Money Week 2014

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United Arab Emirates Participants: Emirates Foundation and Baizat, United Arab Emirates University (UAE) Date of event: 17 - 18 March Number of children reached: 10 000 The Emirates Foundation, Baizat and United Arab Emirates University, organized a range of financial-themes activities on the UAE University womensâ&#x20AC;&#x2122; campus in Al-Ain for students to learn about money management, banking services and entrepreneurship. Esref Sah is a nationwide financial literacy program. The program takes the form of an interactive bus that addresses the challenges related to personal finance faced by youth in the UAE. On the bus, students were able to speak to members of the Esref Sah team, sample a collection of specially selected personal finance apps preloaded on iPads, listen to inspirational stories from Entrepreneurs such as Alia Mazrouei (founder of the Just Falafel restaurant chain) and register their interest to attend future seminars regarding personal finance. With over 10 000 students registered at the womensâ&#x20AC;&#x2122; UAEU campus there was a regular flow of students throughout the day visiting the bus to learn and discuss with the Esref Sah team.

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Uganda

Participants: National Curriculum Development Center (NCDC), Kiggo Lunya Primary, Star Primary, Children International Date of event: 14 - 16 March Number of children reached: 200 Uganda Global Money Week activities were led by the National Curriculum Development Center (NCDC) with a debate and an essay competition on 15th and 16th March. The following schools took part: Kiggo Lunya Primary, Star Primary, Lake

Victoria Entebbe Primary, Kibiri Church of Uganda Primary, Namasuba Primary, and Mutungo Primary. These activities were organized to show the learners the benefits of saving for their future from a young age. Learners received tips on how they can save using the little money they get and what they can do with their savings. This will inspire them to start small saving habits and enable them to start entrepreneurship activities so that they can earn money and save for needs that their parents cannot provide for.

The local Children International office in Kampala, Uganda just began implementation of the Aflatoun program in 2014. To kick-start the program, eight children participated in the International Aflatoun Skype call with children from Moldova. The children learned more about what Aflatoun is and how the children of Moldova save money and create enterprises.

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Ukraine Participants: National Bank of Ukraine, University of Banking, Ukrainian Association of New Finance Education, Privat Bank Ukraine, Platinum Bank, Pidgorodetsky School I-III levels, Lviv Region, Novolynsky Specialized School №1, Volyn region, Nadra Bank Date of event: 10 - 17 March Number of children reached: 5647 The University of Banking of the National Bank of Ukraine (UB NBU) organized school excursions to the Museum of Money for pupils to learn about financial issues through workshops and financial games. The excursions were facilitated by students from the Institute of Master’s Preparation and Postgraduate Education of UB NBU. An exhibition themed on “Savings: A transformation of the way of providing banking system baselines” was prepared by the same UB NBU students and hosted at the Museum of Money of the Institute of Master`s Preparation and Postgraduate Education of UB NBU. A round table on “Financial Literacy in Modern Life” and public lectures given by representatives of the leading financial and credit institutions of Ukraine were also organized by the UB NBU. The Ukrainian Association of New Finance Education is a project organized by many commercial companies, NGOs, national and local governments, banks, teachers, professional organizations and volunteers and supported by the Ministry of Education of Ukraine. Key partners of the Association are Platinum Bank, Nadra Bank, IBI-Rating Agency, Partnership for Every Child Organization, Masha i Deti Education Agency, Athens Private School, Kyiv Mohyla College and other educational and civil initiatives. The Association hosted activities based on educational, social and financial literacy programs for children and youth across all regions of Ukraine. One such activity were 145 interactive lessons for 4500 teenagers based on Sergii Bidenko’s Financial Education course. Materials contain 142

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detailed instructions for organizing and conducting interactive educational sessions on financial literacy, as well as scenarios for training on a variety of topics: personal and family finances, financial security, savings. All materials were available on a special website www.moneyweek.com.ua The biggest private bank in Ukraine, Privat Bank, opened their doors to welcome secondary- and high-school students. Nationwide bank employees gave tours to children and provided them with interesting and useful information about money, budget, and managing personal finance. Children and youth learned how the banking system works, as well as how to use banking products and services. Representatives of the banks also conducted the seminars for pupils of Novolynsky School in the Volyn region. The number of children who participated was 1147. Platinum Bank held financial literacy classes for children and workshops for older, more financially advanced youth. Nadra Bank employees volunteered their time and financial knowledge by leading money, budget, financial security, and online shopping classes. The classes were open for public attendance. The Pidgorodetsky School conducted a host of activities such as a classroom flashmob, a seminar on financial literacy conducted by employees of Platinum Bank and the playing of an investment game “Young Investors Rally”, where children were given virtual money and invited to “invest” it in Ukrainian companies. The children enjoyed participating and were actively engaged in seminars with the bank employees, lectures and other activities dedicated to financial literacy. IBI Rating (a Ukrainian company) organized and held classes for students at the Kyiv-Mohyla Academy University on topics such as money, budget, personal money management. The classes were so successful that the university administration has asked to if they could arrange future classes in the upcoming year.

United Kingdom Participants: London Stock Exchange, Money Advice Service, The British Museum, Learn Money Week - My BNK, The Money Charity Date of event: 10 - 17 March Number of children reached: 10 680 On March 18th, the London Stock Exchange (LSE), the most international exchange which trades in 21 countries, opened their day of trading in the name of financial inclusion. The LSE has supported Global Money Week from inception. This year they invited children, youth and representatives of Pfeg, Child and Youth Finance International (CYFI), Money Advice Service and Postcode Trust to ring the bell to open the market. Pupils from Our Lady and St Pauls & All Hallows primary schools joined the ceremony. The Money Advice Service raises awareness of credit ratings among 18 to 25 year olds by addressing topics such as how credit ratings work, why they are important, how your money habits today can affect your financial future. To support GMW, the Service issued a press release that included a quote from their CEO: “The Money Advice Service is committed to equipping young people with the skills, attitudes and behaviors they need to manage their money, and we are delighted to be working with Child and Youth Finance International (CYFI) to celebrate Global Money Week in the UK. We’re proud to be supporting this international movement, which will involve millions of young people and their families right across the globe.” The British Museum organized a number of financial education workshops for students and educators during Global Money Week through their program for the British Museum’s Citi Money Gallery. Educators were provided with models and strategies to deliver empowering financial education, which is now a compulsory part of Mathematics and Citizenship in the revised secondary National Curriculum. The workshops

introduced fresh approaches to financial education and were linked to the Museum’s large collection. Students enjoyed the opportunity to handle real items in the collection and explore the Citi Money Gallery at the British Museum. In addition, they discovered and learned about the development of money and its role in societies around the world. Learn Money Week is a financial literacy action week which is run concurrently with Global Money Week, organized by the Young Global Leaders and the Global Shapers of the World Economic Forum in association with MyBnk, Child & Youth Finance International. The aim is to arm young people with the skills, knowledge and confidence to start learning about money, ultimately setting them up for a better life. MyBnk promoted their downloadable lesson plans and games that they created to aid educators deliver financial education to young people, both in and out of school. They encourage companies, educators, peers and parents to reach out to children and young people in schools and youth groups in order to help them become super savers, savvy spenders and responsible borrowers. The lessons plans are created to be conducted by individuals or as part of a company’s volunteering activities. The Money Charity held interactive finance workshops at schools and colleges to class sized groups. Two different types of workshop will be delivered: the ‘Key Stage 3-4 Money Workshop’ is aimed at 11 – 16 year olds and covers budgeting and the importance of savings and understanding credit, while the ‘Post 16 Money Workshop’ is aimed at 16 – 19 year olds. The second workshop covers similar topics as the ‘Key Stage 3-4’ workshop, but it also helps prepare young people to engage with banks and other financial providers as well as to understand Student Finance.

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Uruguay

Participants: Banco República del Uruguay Date of event: 10 - 17 March Number of children reached: TBC Representatives from the Banco República del Uruguay (BROU) traveled to schools to conduct financial education workshops. The kids were then awarded with a fun financial stage play performed by volunteers, the play was titled "La increíble y triste historia del billete de mil y su alma desolada”. BROU launched a social media campaign on Facebook where youth are invited to participate in a savings challenge. The winner was, of course, awarded a prize. The video game “Mundo Moneda” is another initiative of BROU which they encouraged children and youth to play during Global Money Week. BROU also organized “La Ciudad de los Chicos” which is a game which involves children to solve challenges based on savings and responsible consumption; as well as an interactive exposition featuring the recreation of an old Banco República office in the BROU Cultural Space. Children and youth had the opportunity to use bank machines and objects from the early twentieth century and to learn how a bank worked bank then.

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United States of America

Participants: Operation Hope, Sammy Rabbit, Youth Tech Conference, $altMoney.org Promo Event at Kansas State University Graduation Fair, Allowance for Good Date of event: 10 - 11 March Number of children reached: TBC

called SaltMoney.org. SaltMoney.org ($ALT) is an interactive platform created by non-profit American Student Assistance which has videos, lesson and tools on a variety of financial topics including student loans, credit, budgeting, job negotiating, identity theft, etc.

During Global Money Week several organizations with headquarters in the United States participated in the global celebrations, organizing a range of innovative activities. Operation HOPE hosted the Banking on Our Future program in Atlanta, Baltimore, Denver, Los Angeles, Oakland, Philadelphia, Portland and Washington DC. 1000 young people, ranging from elementary school through to high school, were empowered with information on budgeting, managing bank accounts, credit, investment and savings. While Sammy the Rabbit taught children about saving habits through fun and interactive activities.

Allowance for Good (AfG), an Evanston (IL) based non-profit, promoted their financial literacy lessons during Global Money Week. The unit on financial literacy is targeted to 1318 year olds and includes sections which encourage pupils to define and think about how they keep track of their money, how they budget, the importance of banking and saving accounts, and the importance of financial literacy in the larger framework of philanthropy and individual giving. Students have received homework about tracking theirs, and their families,’ expenses for the week to make them more aware of how much money they spend individually, and overall what their family spends.

A YouthTech conference was attended by 30 ICT experts and international development professionals. The conference was an intimate, informal and personal discussion lead by speakers from Making Cents International, Bankable Frontier Associates and Intermedia. The main discussion point was “Mobiles and Youth Financial Inclusion”. Kansas State University’s student run peer-to-peer financial counseling center called Powercat Financial Counseling hosted a table at the Kansas State Graduate Fair. They provided resources to students about their peer-to-peer financial services. They also had a computer at the stand to encourage students to learn about and register for the free financial tool

In Little Rock, Arkansas, the Aflatoun members celebrated Aflatoun Day by launching their business, Mighty Plants. The club took a specially-planned field trip to the local Farmer Supply store to do some pricing on veggie and herb plants. Mighty Plants will deliver 15 sets of “Sangria Peppers” and potted herbs to residents in our neighborhood who need help starting new family gardens. This is through a partnership with the University Garden Club, who will be donating garden kits and free compost from the City of Little Rock, Arkansas.

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Venezuela Participants: CEDICE-Libertad Date of event: 10 - 14 March Number of children reached: 1000 For the 2nd year in a row Centro de Divulgaciรณn del Conocimiento Econรณmico para la Libertad (CEDICE Libertad), through its program Economy for Youth, is joining Global Money Week with very exciting and innovative initiatives. The start of Global Money Week coincided with Civic Monday in Venezuela. So organizing partners planned for a Civic Global Money Week Monday where kids identified how saving money and learning more about finance is related to exercising their citizenship. Children and youth wrote down their dreams in order to make them think about the future and how they can create sustainable livelihoods for themselves. They shared these dreams with each other and it was interesting to see what they came up with, and how they inspired each other. This year CEDICE-Libertad prepared a series of videos to explain economic concepts in an easy and friendly way to children and youth. Throughout the week the Economy for Youth program travelled around to different cities in the country hosting youth talks, reading circles and workshops for children and youth which focused on their life plans and their relation with sustainable livelihoods. During the Youth Talks, youth from the Universidad Bicentenaria de Aragua gathered to discuss a variety of topics at the university and attend a presentation of a CEDICE-Libertad economist. Discussion topics included the importance of saving, how savings and development are related. Volunteers from the program Economy for Youth also put together a series of informative videos on these topics. Youth from the CEDICE-Libertad Economy for Youth program were invited by a radio station to discuss youth finance and national policies involving youth. They gave advice to listeners on why and how to save. Throughout Global Money Week CEDICE worked with almost 1000 children and youth.

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Yemen Participants: the Higher Council for Motherhood and Childhood, CAC Bank Date of event: 17 - 21 March Number of children reached: 15 000 Yemen celebrated Global Money Week with a wide variety of fun activities. The CAC Bank invited young school students to tour their branches to learn about banking. National radio and television stations broadcasted information about Global Money Week and the importance of starting to save from a young age, and the Ministry of Education collaborated with the school-based network of radio stations to broadcast a financial awareness lecture in various schools. Financial education and inclusion awareness lectures were given to around 10 000-15 000 students at schools, while a fun participatory financial learning session was held in an outdoor cultural theatre for 30 children and young adults. Both lectures took place in Sanaa. Global Money Week articles were published in 3 national newspapers, with 90000 copies distributed throughout Yemen. A special issue was written for the journal of the Educated Young in Yemen. The number of copies distributed exceeded 15000 copies. SMS messages were sent out by national telecommunication companies in order to spread awareness about banking culture and tips on how to save messages. The Tabour Alsabah program and a host of voluntary organizations used their pre-established networks in banks and the national media to publicize a promotional campaign in order to reach as many children and youth as possible with financial education and inclusion information.

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Zambia Participators: Bank of Zambia, Pensions and Insurance Authority, Securities and Exchange Commission, Barclays Bank Zambia, National Savings and Credit Bank, Zambia National Commercial Bank, Children International, World Vision Zambia, Camfed Date of event: 13 - 20 March Number of children reached: 2 million Zambia had another great line up of activities for this year’s Global Money Week. Bank of Zambia led Global Money Week celebrations along with Pensions and Insurance Authority, Securities and Exchange Commission, and other financial institutions and non-governmental organizations. Zambia used the theme ‘A Better Life Through Saving’ to kick-off Global Money Week celebrations and they combined their Financial Literacy Week with Global Money Week. On the 4th March, a media briefing on the Financial Literacy Week took place. The Governor of the Bank of Zambia launched Global Money Week on national television on the 13th March, while on the 4th March was the public was invited to attend the fun-filled Global Money Week kick-off event which included an educational dramatic performance by a group of students and testimonies from VIPs in the financial sector on the benefits of saving. The rest of the week was filled with exhibitions and workshops of financial products and services that are available to Zambian youth. The workshops were conducted by trained facilitators and local financial service providers. On the 16th March there was a special national television broadcast of a film with a strong ‘learn to save young ’ theme and Global Money Week was wrapped up with provincial radio programs discussing the events of the week. Camfed Zambia participated in the Bank of Zambia’s annual preparatory stakeholders meeting, where they announced that the objective of this year’s celebrations for Zambia would be ‘to 148

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sensitize children, youths and adults by empowering them with the knowledge and understanding about saving’. Young women members of Camfed’s alumnae association - Cama – delivered talks on managing money and saving for schoolchildren across five rural districts. World Vision is working in Zambia to address the critical challenges of achieving sustainable rural development by empowering women and girls through the Empowerment Respect and Equality (ERE) project. Developed under the ‘For Every Child Campaign’ (FECC), the project introduced the Savings Groups (SG) methodology to the government, local leaders, other NGOs and the community members. A total of 853 women were trained in SG methodology and formed 54 saving groups. These were all actively saving and participating in project activities. The World Visions Zambian regional office participated in GMW through their Savings Groups and schools by addressing issues related to access to finance through lesson plans and educational workshops. Children, youth and teachers from Aflatoun clubs in five different schools participated in an Aflatoun Club sharing experience in which they discussed the five core elements of Aflatoun, shared their experiences in the Aflatoun program and displayed the crafts they had made during their financial enterprise activities. In total, 12 school teachers and 82 children and youth participated in this event. During the International Aflatoun Skype calls, 15 Zambian children exchanged their experiences in Aflatoun with children from Mozambique.

Zimbabwe Participants: Junior Achievement Zimbabwe, Camfed, Plan Zimbabwe, Mutasa PU, The Merchant Bank of Central Africa, Barclays Bank Date of event: 10 - 17 March Number of children reached: 15 Zimbabwe hosted a number of activities in various provinces supported by Plan Zimbabwe, Camfed, The Merchant Bank of Central Africa (MBCA), Barclays Bank and other financial institutions. Junior Achievement Zimbabwe celebrated Global Money Week at their 4 branches: Mutare, Kwekwe, Bulawayo and Harare. The JA office in Mutare collaborated with Plan Zimbabwe and The Merchant Bank of Central Africa (MBCA- a subsidiary of Nedbank) to host bank visits. The event was to help demystify the notion that banking is the preserve for adults only and that banks are not accessible to young people. After the bank visit the children met in the Plan Zimbabwe boardroom for the Skype call which was quite successful and interesting. The children managed to communicate with their counterparts from Ethiopia, Philippines and Afghanistan. Young people learnt how to communicate, the value of savings and budgeting. In the Midlands Province (Kwekwe), there was a joint activity with Barclays Bank, Amalgamated Motor Corporation motive and 6 high schools in Kwekwe. The students had a special day named ‘Make a Difference Day’ where they visited the bank to discuss topics regarding what inspired them to get into the small businesses the students were running, and what challenges were they facing in their businesses now. There were also exhibitions from the different companies in the schools and speeches were made during the event.

Camfed’s Seed Money Program celebrated Global Money Week by boosting awareness of their program within the young Zimbabwean female entrepreneurial network by increasing their profile they have in directly improving the youth’s basic knowledge of financial literacy. To date, 200 young business-women have benefited from loans funded by Kiva lenders. They have already started repayments and the improved business profitability is improving their wellbeing and that of their families.

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Chapter 8

Civil Society All over the world, non-government and non-profit organizations took part in Global Money Week in 28 countries. Alongside financial, education and governmental organizations Child and Youth Finance International considers the involvement of civil society organizations to be a fundamental part of the child and youth finance Movement. The civil society provides a unique and direct service to the youth and children who are often left out of traditional structures.

entrepreneurs. Other activities included bank visits, learning about the savings process through banks and teaching others about the importance of savings.

As part of Global Money Week, different civil society organizations set up activities such as financial literacy workshops, art or sport competitions, debates, youth talks and awareness campaigns, all of which contributed to the economic education, inclusion and empowerment of children and youth all over the world. During Global Money Week the following international civil society organizations were the most dynamic and engaged:

Danielle Mitchell, Vice President of Finance for Children International, stated, “Financial awareness, education and activities give impoverished youth and families the confidence and tools to invest and plan for tomorrow. That foundation helps move them one step closer to becoming self-reliant adults, consistent with the UN Millennium Development Goals, and is certainly something to celebrate!”

Children International (CI)

Website: www.children.org Countries where they hosted Global Money Week activities: Ecuador, Honduras, Dominican Republic, Colombia and Guatemala Children International (CI) celebrated Global Money Week in a number of their partner countries. Through their partnership with Aflatoun, young people involved in CI programs in Honduras, Dominican Republic, Colombia and Guatemala participated in international Skype calls with youth in other Latin American countries. CI programs in these countries also took part in the production of murals and parades, making piggy banks from recycled materials, writing letters to community leaders about their programs and listening to presentation made by successful local

In addition, CI partnered with the Ecuadorian-American Chamber of Commerce in Guayaquil, Ecuador, to host a seminar for youth to listen local entrepreneurs who shared their experiences and motivated the youth along their paths to fulfill their social and financial enterprises.

CI also participated in a webinar and online discussions about financial services for youth in Latin-America on 12th March in collaboration with Catholic Relief Services, Freedom from Hunger, Nuestra Escuela and Aflatoun. The aim of the webinar was to assess the impact of their different youth related programs and build a stronger collaboration at a local and regional level. This was followed by a discussion between young beneficiaries who shared their experiences, how the projects changed their lives and the importance of financial education among young people.

Save the Children

Website: www.savethechildren.org Countries where they hosted Global Money Week activities: Colombia, Ghana, Kenya and Nepal As part of a Consortium that is supported by the Mastercard Foundation, Save the Children participated in Global Money Week through the YouthSave initiative. YouthSave is a youth savings program initiated in Colombia, Ghana, Kenya and Nepal in order to understand the conditions for sustainable delivery of saving products for young people. Colombia Financial education activities were carried out through local schools in Medellin, Pasto, Bogota and Tumaco on the following Global Money Week themes: • • • •

What do children and youth want for their future? Why should I save? When can money have positive or negative impacts? How can banks offer more opportunities to children and youth? • What recommendations do youth have for global decision makers? Save the Children Colombia organized a national press conference was held on the 12th March in Bogota to launch the Colombian GMW activities in order to draw attention to the issues and activities as well as a video competition with the theme “What are you saving for and how can you achieve your savings goal?” Samsung prizes (2 Samsung Tablets and a LCD 42” TV) were awarded to the winners of the following categories: ‘Best Video’ (8-12 age group); ‘Best Video’ (13-17 age group); and ‘School with the most video submissions.’ Global Money Week 2014

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Ghana Save the Children’s and their regional partners HFC Bank and Head of State Award Scheme produced radio PSA’s for 3 stations highlighting issues regarding child and youth finance. They held activities at schools in Accra, Tamale, Kumasi Magazine, Takoradi, Tema and Koforidua. Activities included financial education presentations during their morning assemblies and awards to top savers (for HFC Bank’s Enidaso savings account holders). They also hosted a children and youth financial education and inclusion policy roundtable with members of the Ghanaian Child and Youth Finance Working Group, and policy makers in the child and youth finance sector (e.g. the Bank of Ghana, Ministry of Finance, Ghana Bankers Association, Ministry of Youth/National Youth Authority, and the head of the parliament’s select committee on youth). Kenya An essay competition was held on the importance of saving, in one school per Kenyan Postbank branch (99 branches across Kenya). Cash prizes (that will be transferred into the youth’s savings accounts) were awarded for 1st, 2nd and 3rd place in each school at an award ceremony held during Learn Money Week and Global Money Week. Nepal 3000 copies of “Paisa ko Bot” (Money Tree) financial education material were distributed to school students during the “NRB in Schools” program which ran through Global Money Week. Financial literacy trainings were also organized for adolescents around the capital city of Katmandu

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World Vision International (WV)

Website: www.worldvision.org Countries where they hosted Global Money Week activities: Zambia, Swaziland, Mozambique, Mexico and Brazil WV Zambia World Vision is addressing the critical challenges of achieving sustainable rural development by empowering women and girls through the Empowerment Respect and Equality (ERE) project. Developed under the ‘For Every Child Campaign’ (FECC), the project introduced the Savings Groups (SG) methodology to government, local leaders, other NGOs and the community members. A total of 853 women were trained in SG methodology and formed 54 saving groups. These SGs are all actively saving and participating in project activities, the regional office participated in Global Money Week through the SG members addressing schools on issues related to accessing finance. WV Swaziland In Swaziland, WV joined the GMW celebration by raising awareness through their local projects that work in adolescent girls’ economic empowerment. WV Mozambique Mozambique’s branch of WV organized workshops through their project called “Improving Well-being for Adolescent Girls through Savings Groups”. WV Latin America In Brazil and Mexico the Regional Advisors for Latin America & Caribbean WV, joined the webinar and discussions about Financial Services for Youth in Latin-American on the 12th in collaboration with CRS, Freedom from Hunger, Children International, Nuestra Escuela and Aflatoun. The aim of this program was to assess the impact of different programs and build a stronger collaboration at a local level. The webinar was combined with a discussion between young beneficiaries who shared their experiences, how the projects changed their lives and the importance of financial education among youngsters.

Mercy Corps

Website: www.mercycorps.org Countries where they hosted Global Money Week activities: Tunisia and Tajikistan Mercy Corps aims to alleviate suffering, poverty and oppression by helping people build secure, productive and just communities. Tunisia “Tunisia Works!” (Tounes Tekhdem) is a Mercy Corps Tunisia run project that is funded by the Department for International Development (DFID) and the Agence Française de Development. Their aim is to contribute to the economic and professional education of marginalized youth in the governorates of Gafsa, Kasserine, Tataouine and Medenine through activities that: • Increases financial inclusion of youth (18-30 years old), by improving access and the quality of financial instruments such as savings, credit, remittances,payments, micro-insurance and financial education, and development of appropriate delivery mechanisms of financial services for the youth; • Increases entrepreneurial knowledge and practices amongst youth, targeting the improvement of entrepreneurship training, business development support and mentoring services for entrepreneurs during each stage of the entrepreneurial cycle. Mercy Corps Tunisia certified 10 new financial education trainers in the south of Tunisia as a part of the “Tunisia Works” (Tounes Tekhdem) project in the lead up to Global Money Week. These trainers then facilitated 38 financial education sessions during Global Money Week. The topics covered during the educational sessions were budgeting, savings and debt management, and they reached at least 300 people over the course of the week. This activity is part of a range of activities that aim to create a network of qualified financial education trainers across Tunisia. This network will include staff from Microfinance Institutions (such as Enda and Taysir); government-owned employment and business centers; local associations who are engaged in economic

development; and from commercial banks. Tajikistan Mercy Corps Tajikistan took the lead in celebrating Global Money Week 2014 by organizing various financial workshops with youth involved in their programs. The workshops sparked interest in savings amongst the young attendees, while also laying a foundation of basic financial knowledge.

Camfed

Website: www.camfed.org Countries where they hosted Global Money Week activities: Zambia, Tanzania, Malawi, Ghana and Zimbabwe Zambia Camfed Zambia participated in this year’s Global Money Week celebrations under the theme ‘A better life through saving’. Camfed Zambia participated in the Bank of Zambia’s annual preparatory stakeholders meeting, where they announced that the objective of this year’s celebrations for Zambia would be ‘to sensitize children, youths and adults by empowering them with the knowledge and understanding about saving’. Young women members of Camfed’s alumnae association - Cama - delivered talks on managing money and saving for schoolchildren across five rural districts. Tanzania Camfed Tanzania is currently running Financial Literacy and Business Management skills training for 150 young women from Kilolo, Iringa, Kilosa, Morogoro and Kilombero. Also in Tanzania, young women are running the Revolving Loan Scheme to bring safe saving and borrowing options to their peers in 10 rural districts. This is particularly valuable in rural areas where formal banking services are scarce, and to date the scheme has over 1000 members across the country. Malawi 104 young women from rural Malawi have participated in Camfed’s Seed Money Program training where they were trained in Business Management and Entrepreneurship skills, and given the opportunity to apply for a start-up grant for a small business. The 104 young women have now started

running various businesses, including retail and agricultural enterprises, which are helping them to achieve economic independence and support their families and communities. From these 104 women 64 young women participated in Global Money Week by participating in a financial literacy and entrepreneurship skills workshop to enable them to train other young people in key areas such as saving, budgeting and borrowing. Ghana In the spirit of Global Money Week, Ghana educated young women; members of the Cama network presented a Financial Literacy radio program, aired weekly on Zaa Radio with a reach of over one million people. A huge variety of topics were discussed live on air, including budgeting, how to earn money, savings, and preventing the phenomenon of ‘kayayo’ (young women who leave their communities to become porters in urban centres, which increases their vulnerability to exploitation and abuse), and how financial literacy directly affects women’s rights.

Catholic Relief Services (CRS)

Website: www.crs.org Countries where they hosted Global Money Week activities: Mexico, El Salvador, Guatemala, Nicaragua and Honduras Catholic Relief Services (CRS) Latin America and the Caribbean LACRO organized a multi-country project on youth savings and loans groups. CRS organized Global Money Week in coordination with multiple strategic partners in 9 countries in Latin America, with daily activities taking place in several regions. In collaboration with Freedom from Hunger and CYFI, CRS announced an NGO alliance webinar about financial services, where more than 30 organizations participated. This webinar was complemented with a global discussion between youth from the different countries and projects.

Quotes from listeners and callers:

In Mexico activities were conducted with children from primary and secondary schools. A Video Chat Café was organized with children in Colombia from the YWCA center in Bogota, and the same day with Puerto Rico with Nuestra Escuela.

“The knowledge I have gained from your program has helped me, especially the fact that as a business woman you need to pay yourself. I didn’t know this… Thanks to you girls.”

Moreover, CRS participated in a youth discussion with the University of Madrid in Spain and the National University of El Salvador.

“After the program I have seen a lot of changes in [my father’s] attitude towards the bringing up of my sisters and involvement of my mother in decision making.”

Global Money Week has generated great interest among CRS regional offices and partners, and they are looking forward to carry the message of financial literacy to young people and children’s groups, especially in rural areas and informal economy systems, where youngsters and kids have fewer opportunities.

Zimbabwe Related to Global Money Week’s theme, in rural Zimbabwe, young women entrepreneurs were assisted in accessing much-needed capital to grow their businesses. To date, 200 young business-women have benefited from loans funded by Kiva lenders. They have already started repayments and the improved business profitability is improving their wellbeing and that of their families.

El Salvador Universidad Nacional de El Salvador and Caritas Diócesis Santa Ana, El Salvador partnered with the CRS to host workshops at schools and colleges in the San Salvador and Santa Ana districts. The students were introduced to basic banking principles and made aware of the importance of saving. Youth from El Salvador also participated in a Video Chat Café with youth from Spain where they discussed savings, crowd funding and entrepreneurship. Global Money Week 2014

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Nicaragua Cooperative Assotiation de Café PRODECOOP and CRS held meetings in different localities in the San Juan de Rio Coco were they discussed the current status of financial education and the financial products available to children and youth in Nicaragua. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Nicaraguan children and youth themselves. A videoconference with youth from Puerto Rico and Colombia took place after the meeting and was enjoyed by the young representatives. Children and youth also had the opportunity to be hosted by the Central Bank of Nicaragua, in a wonderful experience that allowed them to learn about how money is printed and the story behind the evolution of the Nicaraguan currency. Guatemala The CRS and Cooperative Todos Hermanos held meetings in Olopa and La Unión were they discussed the current status of financial education and the financial products available to children and youth in Guatemala. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Guatemalan children and youth themselves. Honduras The CRS held meetings in the district of La Paz were they discussed the current status of financial education and the financial products available to children and youth in Honduras. The meetings involved representatives from various organizations concerned with the social and economic welfare and development of the young generation, as well as Hondurian children and youth themselves. México The CRS, in partnership with Centro de Desarrollo Comunitario Centeolt and CEDICAM Centro de desarrollo Integral Campesino de la Mixteca, held meetings in different localities from the Region of La Mixteca, Valle Centrales y Sierra Sur were they discussed the current status of financial education and the financial products available to children and youth in Mexica. The meetings involved representatives from various organizations concerned with the social and 154

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economic welfare and development of the young generation, as well as Mexican children and youth themselves.

Operation Hope

Website: www.operationhope.org Countries: USA and Saudi Arabia Saudi Arabia John Hope Bryant, founder, chairman and CEO of Operation HOPE participated in a panel discussion at the Jeddah Economic Forum, considered the “Davos of the Middle East.” Mr. Bryant spoke during the main panel discussion about “Enabling links between investors and business.” Coinciding with the Global Money Week, a worldwide celebration for empowering youth, Mr. Bryant took the opportunity to highlight the importance of encouraging young people to be entrepreneurial and to take their place as full participants in the global economy. SEDCO Holding, in partnership with Operation HOPE, hosted the first annual Youth Financial Dignity Summit under the banner of “Money and Hopes” on Monday (March 17, 2014) at the Jeddah Chamber of Commerce and Industry (JCCI). The summit was under SEDCO Holding’s Riyali Financial Literacy Program. United States On Thursday, March 13, 2014 volunteers from the Federal Deposit Insurance Corporation (FDIC) joined forces with Operation HOPE’s Banking on Our Future (BOOF) program in Washington DC to educate the students of the Preparatory School of DC during Global Money Week. This is the fourth year BOOF has partnered with the FDIC to bring this vital information to the energetic and attentive students at Preparatory School of DC. Volunteers worked with students in the second grade through 12th grade to teach them the importance of personal money managements. Assistant Principal Richard Reavis, was thrilled to have the FDIC share real world information regarding saving money, financial goal setting and writing checks with the 75 students that participated in this event.

ChildFund International: Website: www.childfund.org Countries: Honduras and Gambia

Honduras • In partnership with ADASAN, Nilda Muñoz, teachers and local authorities, ChildFund Honduras organized acts with performances by children and young people where they announced the program with information through a mural. The center also worked with Aflatoun in the 4th course. Additionally, there was an expo-sale of the jewelery made by young people from the program. Finally they made a piñata with all students in the Center. • With ADAAT, Karen Vega, Aflateen youth and teachers, a cultural event was organized in the educative center. There was also an Aflateen logo competition involving 2 classroom groups , as well as an Aflateen song contest. • With ADASBA and Jóvenes Aflateen, drawing competitions as well as a saving and recycling campaign were organized. • In partnership with ADACOL, Technical Liaison Youth, Young Aflateen, teachers and parents, meetings between children and young people who are implementing Aflatoun/ Aflateen programs were organized, as well as singing the Aflatoun song with children and youth. • In collaboration with ADAL and municipal authorities, activities such as a fair in the community, sports competitions, traditional games and food selling were organized. • With ADACAR, Technical Youth and Young Aflateen, ChildFund Honduras organized alternative programs and vocational workshops. They also screened a film on financial entrepreneurship, after which the children watching sold sweets.

Gambia ChildFund participants celebrated GMW through financial education games and theater performances organized through the local Aflatoun Savings Clubs.

P.A.U. Education

Website: www.paueducation.com/en Countries: Spain and Portugal As part of the BBVA Valores de Futuro financial Education Program, P.A.U. Education were informing and motivating the participating schools (4,000 Schools in Spain and 1,000 Schools in Portugal) to join this global celebration. Information of the planned global activities and VIP Talks were published daily in social networks and blog of the program. During Global Money Week, Portuguese and Spanish schools received the visit of BBVA volunteers who advised and guided primary and secondary students in the school’s saving campaign, in which children and youth are the protagonists. The Volunteers also developed activities in class related to saving, administering pocket money and budgeting for a field trip. Since the international day of consumer’s rights is celebrated on 15th march, a new activity on responsible consumption was sent to teachers. P.A.U Education also helped in the organization of the exchange experiences between Spanish and Portuguese students with South American children and youth. In addition, and as always, teachers participating in the Valores de Futuro program were encouraged to develop any of the 63 activities proposed in the program’s teacher book that aimed to promote reflection on financial education’s important values such as solidarity, entrepreneurship, fair trade and responsible consumption. Video Chat Cafes During Global Money Week, select schools participating in the “Valores de Futuro” in both, Spain and Portugal, the students participated in Video Chat Cafes with schools in Latin America. This allows young people in engage with their peers in other countries on issues related to financial education, entrepreneurship and the role of banks in serving the best interests of children and youth.

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International Aflatoun Day

Aflatoun The Aflatoun program is currently reaching over 2.05 million children in 102 countries and over 9.000 social and financial enterprises have been created worldwide through Aflatoun programs or clubs. The International Aflatoun Day has become an annual celebration in the Aflatoun network and an integral part of Global Money Week as it marks the last day of the celebrations, this year that was the 17th March. International Aflatoun Day is when the Aflatoun network celebrates financial education for children and youth and spreads awareness of Aflatoun in their local communities by organizing activities and events which showcase how children and youth are participating in their program and changing their communities. This year, the theme was enterprise. Aflatoun Day Global Skype Calls At the Secretariat in Amsterdam, the staff joined Skype calls throughout the day. More than 800 children and youth from 31 countries participated in the Aflatoun global Skype calls on March 17th in celebration of Aflatoun Day and Global Money Week. It was especially poignant that children and youth from Ukraine and Venezuela participated in the calls, despite the national issues faced by these countries. The young people shared their hopes for change and described the different entrepreneurial activities that they had been conducting. In some countries, entire classes of 40 students were interacting with the Skype call, while in others, a small group of youngsters participated. Children were curious about each other’s lives and connected on a variety of topics including their shared savings activities, and their shared appreciation for music and chocolate! “In the end, we learned that we are very similar to each other,” the Bosnian children, who had spent the entire day on calls with their counterparts from other countries, told us.

from as well as interactive ways for them to contribute and participate. The competition was open to Aflateen individuals or youth clubs. With 15000 votes cast, Aflatoun declared a young Syrian the Aflateen Digital champion. Young people were invited to share their social and financial project stories via the digital platform (www.aflateen.org). More than 33 inspiring were stories collected from 17 countries. The winner, Emmanuel Allabed, described his learning experience in the Aflatoun program, and how he was able to organize himself in managing his time better and engaging in projects. Other stories involved Aflateen members helping out a fellow member with her hospitalization, as well as youth organizing bingo and bake sales to develop a scholarship fund. See all the stories here: http://aflateen.org/story-gallery Aflatoun Activities around the World Partners organized their own special activities in their respective countries to celebrate Aflatoun Day. Below is a list of the countries where events took place. The details are located on the respective countries’ Country Page. The following countries participated in Aflatoun Day: • Africa - Ethiopia, Ghana, Kenya, Mali, Nigeria, Sudan, Zambia, and Zimbabwe • Europe - Albania, Bosnia & Herzegovina, Greece, Iceland, Kosovo, Netherlands, and Portugal • Asia – Nepal and Philippines • Americas – Bolivia, Brazil, Colombia, Dominican Republic, El Salvador, Honduras, Puerto Rico, Suriname, USA, and Venezuela To find out more, visit our website: www.aflatoun.org

Aflateen Enterprise Competition Aflateen Digital is an online, e-learning platform aimed at young people aged 15 and upwards. It is accessed via the internet, and offers information for users to learn Global Money Week 2014

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Learn Money Week MyBnk Website: www.mybnk.org

MyBnk, a UK financial education charity, reached over 50,000 young people through their Learn Money Week initiative this year. Learn Money Week is a global initiative led by MyBnk, the Young Global Leaders of the World Economic Forum, in association with Child Youth Finance International and Learn Money e.V., and runs concurrently to Global Money Week. Experts helped youths tackle debt, university finance, pensions and government spending as they open youth-led savings banks and launch social enterprise projects through games, debates, role play and quizzes in schools and youth groups. The mission in over 200 workshops and events was to arm young people with the skills, resources and confidence to build financial capability and set themselves up for a better life. They have also created primary school and secondary school lesson plans for teachers and adults to play with young people. These resources teach young people the value of setting personal goals, understanding the financial system and differentiating between spending, saving, donating, borrowing and investing money. During Learn Money Week, MyBnk and their partners achieved: • • • •

10,000 hours of high impact financial education delivered 800 entries to our A to Z of Money poster competition 30 000 youths reached through downloadable resources 5200 workshops completed in 100’s of schools and youth groups

Learn Money Week was truly a global event with young people in 18 countries on 4 continents taking part in mastering their money.

In Turkey, YGL Ozlem Denizmen and her Foder financial literacy project reached 20,000 students from 8-10 year olds learnt about personal finance in 200 schools thanks to 117 volunteers. Save the Children, with its YouthSave Project, reached 10,000 young people in Ghana, Kenya, Nepal and Colombia with banking workshops, essay competitions and policy roundtables. The week was also endorsed by some big players like the UK’s Money Advice Service, the UK’s Secretary of State for International Development and their Education Minister. The official launch of Learn Money Week was held in London with games and debates that brought money lessons to life as 100 people from charities, trusts, foundations and the world of finance and young people gathered together. An expert panel including teenage banker Benedict Mavila and the Money Advice Service discussed Financial Literacy: How do we bring it all together? During our Learn Money Week celebrations two of MyBnk’s Education Officers put pen to paper and took financial education to a whole other level - by turning mantras and emotion into pure lyrical genius. To see their rappers and poets in action visit: https://www.youtube.com/user/ MyBnkChannel Poster Competition A poster competition was held during Learn Money Week. From nearly 1000 entries from Asia, Europe, Africa and beyond, the A to Z of Money poster winners were from Bangladesh, India and the UK. The winners won an iPad Air, a Kindle and an iPod respectively. The third place winner was also awarded £1,000 worth of financial education program for a school of his choice!

that attended the bell ringing were the LSE’s CEO who praised the “inspirational” LMW and Global Money Week initiatives, the Executive Director of the Money Advice Service and the founder of Children and Youth Finance International, Jeroo Billimoria. According to MyBnk CEO, Lily Lapenna, the Learn Money Week Campaign “is a call to arms to anyone who has ever wanted to help young people learn how to manage their money for the future. Whether it is your children or in a classroom, start the conversation, download our free resources and get ahead of the curve. There’s never been a more important time to learn about money.” Learn Money Week 2015 This year saw a range of providers join the campaign as we highlight the collective work of the financial literacy movement. Register your interest for March 2015’s campaign: info@learnmoneyweek.com Lily Lapenna, MyBnk CEO & Founder: “Learn Money Week is a call to arms to anyone who has ever wanted to teach young people how to manage their money for the future. Whether it is your children or a classroom, it’s time to learn money!”

LMW helps open the London Stock Exchange On the 13th March MyBnk rang the London Stock Exchange’s opening of trade bell. They were joined by teenage bankers from Westminster Academy who run their own in-school, online, micro-finance scheme and have hundreds of fellow pupils saving real money every week. Other organizations Global Money Week 2014

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Chapter 9

Financial Institutions In recognition of the role financial inclusion and literacy plays in the global economy, financial institutions from all over the world organized activities targeted at primary and secondary school students to mark the 2014 edition of Global Money Week. To commemorate the week-long event, financial institutions invested their staff’s expertize and their resources to celebrate financial inclusion and economic citizenship education for children and youth.

ING Group

In the Netherlands, as part of National Money Week (March 10-17), ING staff provided 770 guest lessons at schools throughout the Netherlands. ING Turkey announced a “Short-story competition on Savings” in primary schools from Istanbul, Gaziantep, Diyarbakır and Kahramanmaras; reaching approximately 3,500 children in 62 class rooms. In the spirit of Global Money Week and the Orange Drops program’s first anniversary, the short-story competition about savings was open to all the third grade students who have received the ING Orange Drops Savings Education Training. Each teacher was in charge of selecting the best five saving stories for a final round where a jury formed by ING senior managers and Turkey’s famous children’s book author Yalvac Ural had the duty of selecting the three winners of the national contest.

MasterCard Worldwide

MasterCard and CYFI launched the Guide “Banking a New Generation: Developing Responsible Retail Banking Products for Children and Youth” during Global Money Week. The publication will help financial institutions; NGOs and governments co-create appropriate and innovative banking and payment products for children and youth. A webinar introducing the guide took place on March 17th. On March

12th, MasterCard accompanied CYFI at Euronext Brussels for the opening Bell Ceremony. The activity was followed by a web conference organized by Smart Consumer, MasterCard’s financial education program and CYFI. The online conference was joined by the National Knowledge Service from Colombia (SENA), Dividendo por Colombia; and the Colombia representative for United World Way Worldwide. The objective of this initiative was to discuss how to manage your money responsibly and help make intelligent financial decisions from an early stage in life.

Microcredit Summit Campaign

Mr. Larry Reed -Director of the Microcredit Summit Campaignco-organized a webinar with CYFI during Global Money Week 2014 to discuss how microfinance can be more inclusive to children and youth. A small but increasing number of MFIs currently offer financial and non-financial services to children and youth. They are building the next generation’s capability to save, build assets, and, if needed, take (micro) loans to support their enterprises. As the Campaign focuses on ending extreme poverty, Mr. Larry Reed also talked about the shared commitments that the Campaign and CYFI have to make microfinance more child and youth inclusive, including the role of MFIs addressing youth unemployment and poverty, and children’s financial illiteracy struggle with financial sustainability, the balance between financial and non-financial services, and capacity development of their staff.

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NASDAQ OMX Group

On March 10th, students from Salaskóli Elementary School in Reykjavik gathered at the Icelandic Stock Exchange building to kick-off Global Money Week by ringing the opening bell for the opening of the stock markets, and a tour of the exchange to learn about the stock market, trading activities, business, and money. Photos of the event can be seen on www.facebook. com/fjarmalavika. Two days later, on March 12th, NASDAX OMX Stockholm Stock Exchange and representatives from the Swedish Bankers Association, Child and Youth Finance International, Postkodlotteriet (Postcode Lotery), Global Child Forum, Unga Aktiesparare (Young Shareholders Association), and the Swedish Financial Supervisory Authority (FI) met for the awaited countdown and the ringing of the opening bell.

NYSE Euronext

Four subsidiaries of NYSE Euronext throughout Europe joined the celebrations by ringing the bell for the opening and closing of the stock markets and for tours through the stock exchanges. On March 12th, both Euronext Amsterdam and Brussels rang their opening bells. In Amsterdam, students from the Spinozalyceum in Amsterdam, the Herman Wesselink College in Amstelveen and representatives from Aflatoun, de Consumentenbond, the Dutch Central Bank (DNB), Free Press Unlimited, ING Group, The Dutch Bankers Association (NVB), and Nibud rang the bell together with CYFI. At Euronext Brussels representatives from the European Banking Federation, MasterCard, the World Savings Bank Institute, FSMA and Child and Youth Finance International were invited to ring the stock exchange bell. On March 14th, 50 children rang the closing bell at Euronext Lisbon with the Portuguese Central Bank. Finally, youth organizations rang the Euronext Paris stock exchange closing bell on Monday 17 March together with ACPR, Ashoka France, Banque de France, Child & Youth Finance International, Finances et Pédagogie and the French Bankers Association.

VISA Europe and VISA Inc.

VISA Romania - together with the National Bank of Romania and the Ministry of Education - organized and sponsored the first national financial education conference in Romania: 162

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“Financial Education: Investment in the future of the society”. The conference, held in Bucharest on Thursday 13th March 2014, saw the participation of the National Bank Governor, Mr. Isarescu, and of the Minister of Education, Mr. Pricopie. Visa Turkey, in coordination with the Turkish Republic Ministry of Development, the United Nations Development Program (UNDP) and Habitat Center for Development and Governance, organized “Paramı Yönetebiliyorum (I Can Manage My Money)” trainings, teaching young people on financial literacy and budget management, in 14 provinces across Turkey and by the end of GMW face-to-face trainings were delivered to 1500 - 2000 young people. Within three days I Can Manage My Money trainers already delivered 15 trainings in 13 cities reaching more than 700 young people. For Global Money Week 2014, educators in Peru had the opportunity of using a Spanish adapted version of Financial Football, a game that tests players’ money management skills as they advance down the field and try to score, to help students get ready for gameplay. Moreover, on March 11th, in conjunction with Bank of America and the State Treasurer, VISA Inc. launched an “American Financial Football” for public Middle and High schools in North Carolina, USA.

XacBank

XacBank hosted events in 15 rural provinces and 2 remote areas of Ulaanbaatar city. More than 800 children, youth and their parents participated in their “Financial Enterprise Activity” and the “Bank Visit Lesson”. These lessons give children and youth a better understanding of the banking environment, how banks operate and the importance of financial education. Children and youth will also got a chance to meet senior bank representatives to share their opinions and ask questions. XacBank and the Mongolian Banking Association have also partnered to create a “Facebook picture contest” raising public awareness for the importance of children and youth’s economic citizenship education.

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global money week report 2014 Child and Youth Finance International

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