2018 ─ Global Inclusion Awards Report 2018 by Child & Youth Finance International

Global Inclusion Awards Report 2018 3 July 2018 | Ritz-Carlton, Riyadh, Saudi Arabia

Dear all, The Global Inclusion Awards, a Child & Youth Finance International (CYFI) initiative, recognize and honor those who achieve greatness in furthering the Economic Citizenship of children and youth at the national, regional and international level. The Awardees demonstrate innovation in financial, social and livelihoods education, financial inclusion, and entrepreneurial support for children and youth. We at CYFI are overjoyed to have the opportunity to interact and learn from leading practitioners, policymakers, innovators and visionaries that are working around the world to advance Economic Citizenship for children and youth. The organizations and individuals whose activities you find described in these pages represent some of the most committed and inspiring industry leaders. Their achievements serve as a powerful testimony to the incredible impact of Collaborative System Change. Every Award finalist in this book deserves to be honored for their many valuable contributions to building the Child and Youth Finance Movement worldwide. Response to this yearâ&#x20AC;&#x2122;s call for nominations was outstanding and numerous applications were received â&#x20AC;&#x201C; we thank everyone who applied! With so many inspiring applications the members of the Global Inclusion Awards Jury had a difficult decision in choosing the Award winners for the four Award categories from the impressive list of finalists. 4

From groups of active youth to financial institutions, government ministries to civil society organizations, CYFI is delighted to welcome representatives from all over the world to celebrate global efforts to economically empower young people. We would like to congratulate all the finalists and winners of the Global Inclusion Awards 2018, and wish them continued success. A special Thank You to the Argentine G20 Presidency, the Global Partnership for Financial Inclusion (GPFI) and the G20-2020 Saudi Secretariat for their continued support in the work of CYFI and in making this event possible, as well as to all our partners across the Child and Youth Finance network for their efforts in empowering children and youth worldwide. Kind regards, The Child & Youth Finance International Team

CONTENTS GPFI FORUM.........................................................................................................................................................................................................................................................8 ABOUT GLOBAL INCLUSION AWARDS 2018...................................................................................................................................................................10 4 AWARD CATEGORIES..........................................................................................................................................................................................................................12 ABOUT APPLICANTIONS.....................................................................................................................................................................................................................14 JURY OF THE GLOBAL INCLUSION AWARDS 2018.....................................................................................................................................................15 FINALISTS & WINNERS........................................................................................................................................................................................................................17 AWARD FINALISTS - PROFILES...................................................................................................................................................................................................25 ECONOMIC CITIZENSHIP AWARD.............................................................................................................................................................................................27

• CARE International Kenya, Kenya | “Adolescent Empowerment Program”..................................................................................................28 • FINLIT Nepal, Nepal | “Community Based Financial Education”...........................................................................................................................29 • Kenya Women Microfinance Bank (KWFT), Kenya | “Tausi Junior Account”.............................................................................................30 • NMB Bank Plc, Tanzania | “WAJIBU – A Youth Banking Proposition Program”.............................................................................................31 • Plan International UK, United Kingdom | “Financial Education for Girls”.......................................................................................................32 • SEDCO Holding Group, Saudi Arabia | “Riyali”.....................................................................................................................................................................33 • US Agency for International Development (USAID), Ukraine | “USAID’s Financial Sector Transformation Project”..34

CYFI COUNTRY AWARD........................................................................................................................................................................................................................36 Africa • Côte d’Ivoire | Ministry of Finance..............................................................................................................................................................................................38 • Madagascar | National Coordination of Inclusive Finance (CNFI) – Ministry of Finance........................................................39 • Uganda | Central Bank of Uganda...............................................................................................................................................................................................40 • Zimbabwe | Reserve Bank of Zimbabwe.............................................................................................................................................................................41 Americas & The Caribbean • Chile | Central Bank of Chile..............................................................................................................................................................................................................42 • Colombia | Bank of the Republic of Colombia...................................................................................................................................................................43 • Paraguay | Central Bank of Paraguay......................................................................................................................................................................................44 Asia & The Pacific • Bhutan | Royal Monetary Authority of Bhutan.................................................................................................................................................................45 • Brunei Darussalam | Ministry of Education Brunei Darussalam.....................................................................................................................46 • Indonesia | Bank of Indonesia.........................................................................................................................................................................................................47 Europe & Central Asia • Georgia | National Bank of Georgia (NBG)...........................................................................................................................................................................48 • Russian Federation | Ministry of Finance of the Russian Federation......................................................................................................49 Middle East & North Africa • Egypt | Egyptian Banking Institute (EBI) ............................................................................................................................................................................50 • Lebanon | The Higher Council for Childhood.....................................................................................................................................................................51 • Morocco | Moroccan Foundation for Financial Education (FMEF)..................................................................................................................52 • Palestine | Palestine Monetary Authority (PMA)...........................................................................................................................................................53

GLOBAL MONEY WEEK AWARD..................................................................................................................................................................................................54 Africa • Democratic Republic of Congo (DRC) | Central Bank of Congo....................................................................................................................56 • Zambia | Bankers Association of Zambia, Bank of Zambia, and others ..............................................................................................57 • Zimbabwe | Reserve Bank of Zimbabwe............................................................................................................................................................................58

Americas & The Caribbean • Colombia | Self-Regulator of the Colombian Stock Market (AMV); Asobancaria, Bank of the República of Colombia; Financial Superintendence of Colombia; Banca de las Oportunidades; Plan International; Fasecolda..........................................................................................................................................................................................................................................................59 • Guatemala | Central Bank of Guatemala............................................................................................................................................................................60 • Paraguay | Central Bank of Paraguay...................................................................................................................................................................................61 • Peru | Superintendency of Banking Insurance and Private Pensions Funds (SBS); Ministry of Education (MINEDU).........................................................................................................................................................................................................................................................62 Asia & The Pacific • Bangladesh | Bangladesh Bank (Central Bank); Bangladesh Skill Development Institute; Daffodil International University.....................................................................................................................................................................................................................63 • Bhutan | Royal Monetary Authority of Bhutan................................................................................................................................................................64 • Brunei Darussalam | Ministry of Education, Autoriti Monetari Brunei Darussalam (AMBD).......................................65 Europe & Central Asia • Belarus | National Bank of the Republic of Belarus ...............................................................................................................................................66 • Belgium | Financial Services and Markets Authority (FSMA).....................................................................................................................67 • Hungary | Ministry of Human Capacities; Ministry for National Economy; Money Compass .......................................68 • The Netherlands | Money Wise Platform; Ministry of Finance; Dutch Central Bank (DNB); Dutch Bankers Association; Dutch Association of Insurers......................................................................................................................................................................69 • Russian Federation | Ministry of Finance of the Russian Federation.....................................................................................................70 Middle East & North Africa • Egypt | Egyptian Banking Institute (EBI) ............................................................................................................................................................................71 • Libya | Central Bank of Libya, Ministry of Education.............................................................................................................................................72 • Morocco | Moroccan Foundation for Financial Education...............................................................................................................................73 • Palestine | Palestine Monetary Authority (PMA).......................................................................................................................................................74

OUTSTANDING YOUTH ECONOMIC CITIZENSHIP AWARD.............................................................................................................................77 • Edgard Edmund, Tanzania | “Green Venture Recycles”..........................................................................................................................................78 • Georgia Billings, Australia | “Winged Warriors”...........................................................................................................................................................79 • Ilinca Avram and Georgiana Mois, Romania | “Chess the Community”...................................................................................................80 • Jose Adolfo Quisocala Condor, Peru | “Education in Financial Inclusion for Children and Young People with Social and Environmental Responsibility”............................................................................................................................................................................81 • Trinity Donohugh, United Kingdom | “GirlsforCS”.........................................................................................................................................................82 • Yousef Mahmoud Gilany, Egypt | “Tutorials for studying in U.S. and Canada”...................................................................................83 MEET OUR YE! AMBASSADORS................................................................................................................................................................................................84 • Abdallah Hanbak, Egypt | Freeziana.........................................................................................................................................................................................86 • Adeloye Olanrewaju, Nigeria | Babymigo.............................................................................................................................................................................87 • Desmund Egbe, Cameroon | Camer Human Capital......................................................................................................................................................88 • Gilbert Mwale, Zambia | E-msika..................................................................................................................................................................................................89 • Ifrah Mohamed Arab, Kenya | SuperMom...........................................................................................................................................................................90 • Mark Balmes, the Philippines | Empleo...................................................................................................................................................................................91 • Pietro Paolo Ganis, Italy | Laboratori Fabrici SRL...........................................................................................................................................................92 • Philip Adrian Atilano, the Philippines | TimeFree Innovations..............................................................................................................................93 • Sandra Letio, Uganda | Pelere Group Ltd...............................................................................................................................................................................94 • Zurab Pertaia,Georgia | Augep.......................................................................................................................................................................................................95 GALLERY....................................................................................................................................................................................................................................97 SUPPORTERS....................................................................................................................................................................................................................................123

GPFI FORUM This year’s Global Inclusion Awards 2018, an initiative of Child & Youth Finance International (CYFI), was organized in collaboration with Argentina’s G20 Presidency and GPFI on 3 July 2018, with the support of the G20-2020 Saudi Secretariat. It was held as part of the GPFI Forum: “Technological Trends in Digital Financial Inclusion” agenda on 3-4 July at the Ritz-Carlton in Riyadh, Saudi Arabia. The GPFI Forum was hosted on a back-to-back basis with the second GPFI Plenary meeting, serving as an 8

opportunity to broadcast the importance of technology as a booster of digital financial services. The purpose of the GPFI Forum was to highlight on avant-garde topics regarding digitization for members and stakeholders to join in discussions on how these issues impact the financial inclusion agenda from a policy perspective. The two-day GPFI Forum consisted of different subjects from numerous sessions, including “Blockchain applied to Financial Inclusion,” “Innovative Regulatory Approaches on Financial Inclusion,” “Practical Approach of the GPFI Policy

Guide,” “The Challenge of Interoperability in the FinTech Era,” and “The Gender Perspective: Access to Finance by Women.”

between various national, regional and international stakeholders, as called for in Action Item 6 of the G20 Financial Inclusion Action Plan.

The Global Partnership for Financial Inclusion (GPFI), an inclusive platform for all G20 countries, interested non-G20 countries, and relevant stakeholders to carry forward work on financial inclusion, including implementation of the G20 Financial Inclusion Action Plan, endorsed at the G20 Summit in Seoul. The GPFI contributes to strengthen coordination and collaboration

The GPFI’s efforts include helping countries put into practice the G20 Principles for Innovative Financial Inclusion, strengthening data for measuring financial inclusion, and developing methodologies for countries wishing to set targets.

INTRODUCTION The Global Inclusion Awards 2018, a Child & Youth Finance International (CYFI) initiative, recognize and honor those who achieve greatness in furthering the Economic Citizenship of children and youth at the national, regional and international level. The Awardees demonstrate innovation in financial, social and livelihoods education, financial inclusion, and entrepreneurial support for children and youth.

ABOUT GLOBAL INCLUSION AWARDS 2018 AWARDS CEREMONY 2018 The 7th annual Global Inclusion Awards Ceremony was organized by Child & Youth Finance International, Argentina’s G20 Presidency and GPFI on 3 July 2018, with the support of the G20-2020 Saudi Secretariat. It was held as part of the GPFI Forum: “Technological Trends in Digital Financial Inclusion” agenda on 3-4 July at the Ritz-Carlton in Riyadh, Saudi Arabia.

GOALS OF THE GLOBAL INCLUSION AWARDS 2018 • Develop high public awareness and understanding of the importance of financial inclusion and financial capability for children and youth. • Encourage national authorities, NGOs and financial institutions to strive for excellence in Economic Citizenship Education programs and thereby promote the advancement of their services.

ABOUT CYFI

ABOUT THE G20

Child & Youth Finance International (CYFI) is a non-profit organization that coordinates the worldâ&#x20AC;&#x2122;s largest movement dedicated to enhancing entrepreneurial capabilities, social and financial inclusion, and to promoting Economic Citizenship Education of children and youth. Leveraging expertise and innovation from within its global network, the Child and Youth Finance Movement has spread to over 150 countries and has reached more than 24 million children.

The G20 convenes its members, guest countries, international organizations, and engagement groups for dialogue on global affairs. Over many specialized meetings, which focus on a variety of issues, it builds consensus to develop global policies that address the challenges which humanity faces.

ABOUT THE GPFI The Global Partnership for Financial Inclusion (GPFI) is an inclusive platform for all G20 countries,

interested non-G20 countries, and relevant stakeholders to carry forward work on financial inclusion, including implementation of the G20 Financial Inclusion Action Plan.

ABOUT THE YE! COMMUNITY The Ye! Community is a CYFI initiative to support young entrepreneurs under the age of 30. There are 16,000 entrepreneurs in the Ye! Community from 141 countries. The Ye! Community is endorsed by the G20â&#x20AC;&#x2122;s Global Partnership for Financial Inclusion. 11

4 AWARDS CATEGORIES The Global Inclusion Awards 2018 include the following 4 award categories: 1) Economic Citizenship Award 2) CYFI Country Award 3) Global Money Week Award 4) Outstanding Youth Economic Citizenship Award

4 AWARD CATEGORIES ❶ ECONOMIC CITIZENSHIP AWARD ABOUT The Economic Citizenship Award 2018 acknowledges the accomplishments of organizations who have enhanced financial education, financial inclusion and/ or entrepreneurship of children and youth. Please note, one global winner will be chosen for this award. AWARD SPECIFIC CRITERIA Specific criteria for the Economic Citizenship Award 2018 are as follows: • Demonstrate the successful design and delivery of products, programs or services aimed at financial education, financial inclusion and/ or entrepreneurship of children and youth. • Demonstrate innovative partnership-building, ideally with organizations from different sectors. • Demonstrate that results are tracked and documented. 12

• Demonstrate long-term commitment to the communities served. ELIGIBILITY • The Economic Citizenship Award 2018 is open to all organizations from all sectors. • The activity needs to have taken place during 2017. ❷ CYFI COUNTRY AWARD ABOUT The CYFI Country Award 2018 acknowledges the accomplishments of government authorities (e.g. central banks, ministries of education) in building alliances among key national stakeholders, initiating child and youth friendly financial regulation and expanding the reach of quality Economic Citizenship Education through formal and non-formal education channels. Countries will be evaluated for the achievements in the year 2017. Please note, this award is brought forward by the CYFI Secretariat and

five regional winners will be chosen for this award. AWARD SPECIFIC CRITERIA Specific criteria of the CYFI Country Award 2018 are as follows: • Demonstrate exceptional accomplishments and innovation in delivering financial education and inclusion policies and programs for children and youth. • Demonstrate strong alliancesbuilding between policymakers and financial regulators. • Demonstrate substantial efforts in building alliances among local stakeholders. • Demonstrate an exceptional strategy to implement Child and Youth Finance initiatives. ELIGIBILITY The CYFI Country Award is awarded to a government/national authority leading financial education and inclusion efforts at national level.

❸ GLOBAL MONEY WEEK AWARD ABOUT The Global Money Week Award 2018 acknowledges the efforts and accomplishments of countries in implementing “Global Money Week 2018” held between 12 - 18 March 2018 at the national level. Please note, this award is brought forward by the CYFI Secretariat and one global winner will be chosen. AWARD SPECIFIC CRITERIA Specific criteria for the Global Money Week Award 2018 are as follows: • Demonstrate exceptional diversity, efficiency and innovation in GMW activities. • Reach a remarkable number of children and youth, directly and indirectly. • Demonstrate substantial efforts in engaging and collaborating with different local stakeholders including financial service

providers and civil society organizations. • Demonstrate GMW activities that are organized in a cost sensitive manner. ELIGIBILITY The Global Money Week Award is awarded to a governmental/national authority (or a group of governmental authorities) leading and coordinating the engagement of the country in the Global Money Week activities. ❹ OUTSTANDING YOUTH ECONOMIC CITIZENSHIP AWARD ABOUT The Outstanding Youth Economic Citizenship Award 2018 honors projects carried out by children and youth that raise awareness of the importance of financial education, financial inclusion and/ or entrepreneurship for other young people, both in school or in their community.

AWARD SPECIFIC CRITERIA: Specific criteria for the Outstanding Youth Economic Citizenship Award 2018 are as follows: • Projects that are carried out by children and youth. • Projects that include a financial education, a financial inclusion and/or an entrepreneurship aspect. • Other children and youth are involved in the creation of the project. • The project shows lasting results. • The project continues to engage the beneficiaries. ELIGIBILITY • The Outstanding Youth Economic Citizenship Award 2018 is open to child and youth applicants between 8 - 18 years of age. • The project needs to have taken place during 2017.

Please note, one global winner will be chosen for this award. 13

ABOUT APPLICATIONS GENERAL CRITERIA FOR APPLICANTS The The Global Inclusion Awards 2018 focus on individuals and organizations operating at both the national and global level, that have excelled in the promotion of Economic Citizenship for children and youth. All applications submitted for the Global Inclusion Awards 2018 are evaluated on the following criteria: • Good standing: Nominees must be of outstanding character and reputation.

• Partnership: Nominees must demonstrate that the spirit of effective collaboration and partnership is integrated into their activities. • Sustainability: Nominees must demonstrate how their work continues to impact young people going forward. • Track record: Nominees’ initiatives must be embedded in the community.

• Accountability: Nominees must demonstrate good governance and transparent financial management.

• Impact: Nominees must demonstrate how needs were addressed and demonstrate that desired outcomes and impact was achieved.

• Creativity: Nominees must demonstrate creative use of resources to deliver innovative and flexible programs.

• Outreach: Nominees must demonstrate current and future outreach of initiatives.

HUNDREDS OF APPLICATIONS WERE RECEIVED Responses to this year’s call for nominees was outstanding, and hundreds of applications were received – many thanks to everyone who applied! With so many inspiring applications, the jury had a difficult decision in choosing the winners, narrowing down from 48 finalists across the 4 Awards categories.

APPLICATION PROCESS • Nominations were submitted online between 22 February – 14 May 2018, along with any supporting documents. • Awards were self-nominated or submitted on behalf of another individual, group, institution, or organization. • All applications submitted were reviewed by the CYFI Secretariat. The Global Inclusion Awards Jury selected this year’s winners from the pre-selected finalists.

INTRODUCTION TO JURY Through their richly varied backgrounds, our jury members have years of professional experience as practitioners in the areas of finance, child welfare and/or non-profit development. The jury members of the Global Inclusion Awards 2018 include: • The Chair: Prof. Jaap Doek is emeritus professor of Law (Family and Juvenile Law) at the VU University (Vrije Universiteit) in Amsterdam. He is a member (since 2014) and the chairperson (since November 2016) of the Supervisory Board of Child Helpline International (CHI) and a member of the International Supervisory Board of CYFI since 2012. He has been and still is active as an advisor/consultant for, among others, the Special representative on Children and Armed Conflict, the regional office of UNICEF for East and Southern Africa, a number of UNICEF country offices and some governments of States Parties to the Convention on the Rights of the Child. Previously, Prof. Doek was a member of the UN Committee on the Rights of the Child

(1999 - 2007) and a chairperson of that Committee (2001-2007). • Jeroo Billimoria is a CYFI Board representative of the Jury. She is the Founder of Child & Youth Finance International (CYFI) and several other innovative and award-winning NGOs. She is a Skoll awardee, and an Ashoka and Schwab Fellow. Also, Jeroo has received a Royal Honor from the King of the Netherlands by being appointed Officer of the Order of Orange-Nassau in 2018. She is a globally respected speaker and advocate of economic empowerment for children, and her social and humanitarian work has reached the lives of millions of children around the world. • Tatiana Chopova is a private equity/ venture capital investor and advisor with 20 years of investment, strategy and finance experience. Previously, Tatiana was a Managing Director at AlpInvest Partners (Carlyle Group). Before that she worked at McKinsey & Company and Credit Suisse First Boston. Tatiana is also pursuing a PhD in Social Psychology. • Lauren Young is the Personal Finance Editor at Thomson Reuters

and works closely with both Reuters. com and other Thomson Reuters platforms. • Gert Jan van der Hoeven is the Founder and Managing Partner of H2 Equity Partners. Gert Jan is Chairman of the Investment Committee and has 25 years of investing experience. Before H2 Gert Jan worked with McKinsey & Company. • Shaun Mundy is a consultant who specializes in the development and implementation of national financial education strategies and financial education programmes. He led the development and implementation of the UK’s National Financial Education Strategy (which was the first such strategy anywhere in the world). As a consultant, he has worked with the World Bank, GIZ, SBFIC, the OECD and many other leading international organizations and has provided consultancy support to around twenty countries. • Dr. Henrik Naujoks is a Director at Bain & Company and a Young Global Leader of the World Economic Forum. He currently serves on the Board of Trustees of the Global Exchange for Social Investment.

JURY OF THE GLOBAL INCLUSION AWARDS 2018

FINALISTS & WINNERS

❶ ECONOMIC CITIZENSHIP AWARD 2018 GLOBAL WINNER: • FINLIT Nepal, Nepal | “Community Based Financial Education” GLOBAL FINALISTS: • CARE International Kenya, Kenya | “Adolescent Empowerment Program” • Kenya Women Microfinance Bank (KWFT), Kenya | “Tausi Junior Account” • NMB Bank Plc, Tanzania | “Wajibu- a youth banking proposition program” • Plan International UK, United Kingdom | “Financial Education for Girls” • SEDCO Holding Group, Saudi Arabia | “Riyali” • US Agency for International Development (USAID), Ukraine | “USAID’s Financial Sector Transformation Project” ❷ CYFI COUNTRY AWARD 2018 Africa REGIONAL WINNER: • Madagascar | National Coordination of Inclusive Finance (CNFI) – Ministry of Finance REGIONAL FINALISTS: • Côte d’Ivoire | Ministry of Education • Uganda | Central Bank of Uganda • Zimbabwe | Reserve Bank of Zimbabwe Americas & The Caribbean REGIONAL WINNER: • Chile | Central Bank of Chile REGIONAL FINALISTS: • Colombia | Bank of the Republic of Colombia • Paraguay | Central Bank of Paraguay 18

Asia & The Pacific REGIONAL WINNER: • Bhutan | Royal Monetary Authority of Bhutan REGIONAL FINALISTS: • Brunei Darussalam | Ministry of Education Brunei Darussalam • Indonesia | Bank of Indonesia Europe & Central Asia REGIONAL WINNER: • Georgia | National Bank of Georgia REGIONAL FINALISTS: • Russian Federation | Ministry of Finance of the Russian Federation Middle East & North Africa REGIONAL WINNER: • Palestine | Palestine Monetary Authority (PMA) REGIONAL FINALISTS: • Egypt | Egyptian Banking Institute (EBI) • Lebanon | The Higher Council for Childhood • Morocco | The Moroccan Foundation for Financial Education

❸ GLOBAL MONEY WEEK AWARD 2018 GLOBAL WINNER: • The Netherlands | Money Wise Platform, Ministry of Finance, The Dutch Central Bank (DNB), Dutch Bankers Association, Dutch Association of Insurers GLOBAL FINALISTS: Africa • Democratic Republic of Congo (DRC) | Central Bank of Congo • Zambia | Bankers Association of Zambia, Bank of Zambia, Pensions & Insurance Authority, Securities & Ex change Commission, Lusaka Stock Exchange, Rural Finance Expansion Programme, Insurers Association of Zambia, Savings Bank for International Cooperation, Financial Sector Deepening Zambia • Zimbabwe | Reserve Bank of Zimbabwe

Americas & The Caribbean • Colombia | Self-Regulator of the Colombian Stock Market (AMV), Asobancaria, Bank of the Republic of Colombia, Financial Superintendence of Colombia, Fasecolda, Plan International, Banca de las Oportunidades • Guatemala | Central Bank of Guatemala • Paraguay | Central Bank of Paraguay • Peru | Superintendency of Banking Insurance and Private Pensions Funds (SBS), Ministry of Education (MINEDU)

Asia & The Pacific • Bangladesh | Bangladesh Bank (Central Bank), Bangladesh Skill Development Institute, Daffodil International University • Bhutan | Royal Monetary Authority of Bhutan • Brunei Darussalam | Ministry of Education, Autoriti Monetari Brunei Darussalam (AMBD)

Europe & Central Asia • Belarus | National Bank of the Republic of Belarus • Belgium | Financial Services and Markets Authority (FSMA) • Hungary | Ministry of Human Capacities, Ministry for National Economy, Money Compass Foundation, Central Bank of Hungary, Hungarian Banking Association, Junior Achievement Hungary • Russian Federation | Ministry of Finance of the Russian Federation 20

Middle East & North Africa • Egypt | Egyptian Banking Institute (EBI) • Libya | Central Bank of Libya, Ministry of Education • Morocco | Moroccan Foundation for Financial Education • Palestine | Palestine Monetary Authority (PMA)

❹ OUTSTANDING YOUTH ECONOMIC CITIZENSHIP AWARD 2018 GLOBAL WINNER: • Edgard Edmund, Tanzania | “Green Venture Recycles” GLOBAL FINALISTS: • Georgia Billings, Australia | “Winged Warriors” • Ilinca Avram and Georgiana Mois, Romania | “Chess the Community” • Jose Adolfo Quisocala Condor, Peru | “Education in Financial Inclusion for Children and Young People with Social and Environmental Responsibility” • Trinity Donohugh, United Kingdom | “GirlsforCS” • Yousef Mahmoud Gilany, Egypt | “Tutorials for studying in U.S. and Canada”

APPRECIATION OF YE! AMBASSADORS ─ YOUNG ENTREPRENEURS FROM THE YE! COMMUNITY YE! AMBASSADORS: • Abdallah Hanbak, Egypt | Freeziana • Adeloye Olanrewaju, Nigeria | Babymigo • Desmund Egbe, Cameroon | Camer Human Capital • Gilbert Mwale, Zambia | E-msika • Ifrah Mohamed Arab, Kenya | SuperMom • Mark Balmes, The Philippines | Empleo • Pietro Paolo Ganis, Italy | Laboratori Fabrici SRL • Philip Adrian Atilano, The Philippines | TimeFree Innovations • Sandra Letio, Uganda | Pelere Group Ltd • Zurab Pertaia, Georgia | Augep

22 22

AWARDS FINALISTS - PROFILES

26 26

❶ Economic Citizenship Award GLOBAL FINALISTS • CARE International Kenya, Kenya “Adolescent Empowerment Program” • FINLIT Nepal, Nepal “Community Based Financial Education” • Kenya Women Microfinance Bank (KWFT), Kenya “Tausi Junior Account” • NMB Bank Plc, Tanzania “Wajibu- a youth banking proposition program” • Plan International UK, United Kingdom “Financial Education for Girls” • SEDCO Holding Group, Saudi Arabia “Riyali” • US Agency for International Development (USAID), Ukraine “USAID’s Financial Sector Transformation Project”

27 27

| Economic Citizenship Award

CARE International Kenya Program Name: “Adolescent Empowerment Program” | Country: Kenya Partners: Post-Bank Kenya; HOPE worldwide Kenya; Neighbors Initiative Alliance; Kenya Institute for Curriculum; Intel; Mustek; WERK

INTRODUCTION CARE International is a humanitarian and development organization that fights global poverty. It focuses on empowering women and girls enable them to lift their families and communities out of poverty. CARE has programs concentrating on emergency, food security, livelihoods, climate change adaptation, sexual reproductive and maternal health, women and girls economic empowerment, and youth employability. AN OUTSTANDING APPROACH Adolescent Empowerment Program is a 5-year program that targets adolescents in rural areas of Kajiado as well as the central and urban informal settlement of Mukuru, in Nairobi County, with the following innovations: Sexual Reproductive Health (SRH), Economic Citizenship Empowerment (ECE), and Information, Communication, and Technology (ICT). Economic Citizenship refers to an approach where girls and boys 28

participate in an integrated economic platform that addresses issues regarding financial inclusion and life skills. Opportunities are created so they can develop secure livelihoods and participate in social, economic, and political activities. The approach is largely focused on financial literacy, offering the opportunity to learn basic skills related to earning, spending, budgeting, saving, and borrowing. Economic empowerment is critical for change in adolescents’ lives, helping them gain financial independence, establish good saving habits, and improve their future prospects for participation in the labor force. ECE is articulated through Financial Education, Livelihood Education, and Financial Inclusion. By working with local organizations, CARE ensures that even when the program comes to an end, the organizations will continue to work with school and the schools will continue training their pupils, thus continuing the Economic Citizenship Education.

ACHIEVEMENTS • The program has reached 14,396 children. • The program does not focus solely on in-school children, but also on out-ofschool children who are taken through 12 sessions of training that are to be completed within 3 months. • The innovations within the program are to ensure that by 2020 adolescent girls from insecure livelihoods and households are empowered to fulfill their aspirations. JUDGES’ THOUGHTS CARE International Kenya was recognized for their broad approach to adolescent empowerment, which has contributed to great results in economically empowering youth in Kenya. The Jury commended CARE for their effective partnerships and celebrated their engagement in youth-focused programs.

Economic Citizenship Award |

FINLIT Nepal Program Name: “Community Based Financial Education” | Country: Nepal Partners: Central Bank of Nepal; Ministry of Finance Nepal; Nepal Bankers Association; Nepal Microfinance Association; Nepalese Army; Government Staff Association; high school associations; rural municipalities; community centers 179 high schools, 17 colleges, and 175,046 individuals nationwide have joined the movement. FINLIT Nepal has encouraged schools, universities and community learning centers to include their campaign into their curriculums and to participate in community based financial education programs.

INTRODUCTION FINLIT Nepal is a leading, independent service provider of financial literacy and financial education technological solutions. FINLIT Nepal develops programs for banking and financial institutions as well as other organizations that inform, engage, motivate, and empower consumers towards financial independence and financial discipline. FINLIT Nepal seeks to improve the financial health and capability of each individual.

AN OUTSTANDING APPROACH Despite its short history, FINLIT Nepal has gained strong support nationally. FINLIT Nepal is working with the Central Bank of Nepal, Nepal Bankers Association, and Nepal Microfinance Association around the issue of financial inclusion. FINLIT Nepal is currently in dialogue with financial regulatory authorities to build a national financial inclusion platform. Over 12 financial institutions, 279 community based local groups, NGOs,

ACHIEVEMENTS • The campaign has reached 68,754 children. • Each month, the students break open their piggy banks. The reported average savings are around 3,0004,000 Nepalese Rupees (approximately $38). • FINLIT Nepal has partnered with 6 commercial banks to continue the project until 2020. JUDGES’ THOUGHTS FINLIT Nepal has made a strong impact and good progress - a promising future lies ahead. FINLIT was recognized for its strong position in the community and effective partnerships. The qualitative feedback gained from stakeholders was recognized as a positive component to this program ensuring its future success.

| Economic Citizenship Award

Kenya Women Microfinance Bank (KWFT) Program Name: “Tausi Junior Account” | Country: Kenya Partners: Junior Achievement Kenya; Nation Media Group; Standard Group; Royal Media Services; Laugh Industry

INTRODUCTION The Kenya Women Microfinance Bank (KWFT) is a microfinance bank, fully committed to serving low and middleincome youth and women. It helps to empower them financially and economically in order to transform their lives. Established in 1981 by a group of women professionals, KWFT meets the financial and non-financial needs of youth and women in Kenya. It has since grown to become a onestop-shop for all things finance and development. The institution has a branch network of 245 offices spread across 45 out of Kenya’s 47 counties. AN OUTSTANDING APPROACH The Tausi Account, is open to all children under the age of 18. The account is in the child’s name, but is operated by the parent on behalf of 30

the underage child. The children are given piggy banks to save at home and are accompanied to the bank to deposit the money themselves. This way they learn about the process of saving and how banks operate. When the child reaches the legal age of 18 years, the account is transferred fully to them. At this point it becomes a student account. When an existing client deposits their monthly savings into their own account, they are encouraged to deposit part of it into the child’s account to boost savings. The KWFT staff have been able to reach out to homes, schools and churches, as well as encouraging existing KWFT clients in the most remote rural areas to open accounts for their children and to save monthly.

ACHIEVEMENTS • The product has reached 19,264 children. • The KWFT officers have one-on-one discussion with clients before they open the accounts, to understand the client’s savings goals. • Through the product, KSh83,218,520 ($832,185) is being saved. JUDGES’ THOUGHTS KWFT’s program was commended for its innovative approach of reaching children through their mothers. The program has been professionally implemented, ensuring that the right approach is followed and continuity of the program throughout the country.

Economic Citizenship Award |

NMB Bank Plc Program Name: “WAJIBU - A Youth Banking Proposition Program” | Country: Tanzania Partners: Women’s World Banking

INTRODUCTION NMB Bank Plc is the leading bank in Tanzania with 218 branches and over 800 ATMs across the country. NMB Bank Plc has representation in more than 95% of Tanzanian Districts with over 3,000 customers per district. The bank has been committed to making financial services accessible to all Tanzanians. They are not just the largest bank in the country, they also contribute significantly to the community in the country. They set aside 1% of their profit after Tax (over TZS 1 billion) towards CSR in three key focus areas, namely financial capability programs, education, and health.

a wide range of financial aspects, including budgeting, planning, and differentiating between needs and wants, whilst showing them how to save through the three WAJIBU accounts (NMB Mtoto Akaunti, NMB Chipukizi Akaunti, and NMB Mwanachuo Akaunti). Wajibu program was implemented after in-depth research was conducted in collaboration with Women’s World Banking, Inc and NMB Bank Plc.

ACHIEVEMENTS • The number of children reached directly through in-class programs is 23,000.

• The number of children reached indirectly through TV and radio is 1,000,000. • The Bank sets aside 1% of their profits after Tax (over TZS 1 billion) towards their CSR department. Of that 1%, 60% is directed to support financial capability programs.

JUDGES’ THOUGHTS The Wajibu program was recognized for its innovative approach and use of media to attract young people. The Bank was praised for its efforts to reach out to the youth community and for doing so with a strong, wellorganized approach.

AN OUTSTANDING APPROACH WAJIBU - a youth banking proposition program has been designed to help young people towards a better financial future. The aim is to provide financial education content, to help youth understand the importance of saving. WAJIBU offers parents, teachers, guardians, and children a convenient set of tools to help them save and manage money, independently or together, for a brighter future. The Bank reaches in-school and out-of-school children through their 600 trained facilitators across the bank. The resources offered help teach young people about 31

| Economic Citizenship Award

Plan International UK Program Name: “Financial Education for Girls” | Country: United Kingdom Partners: Aflatoun International; Meljol; Urmil Setu (India); Be Better (China); YWCA (Rwanda); Credit Suisse; GK Consulting; local education authorities

INTRODUCTION Plan International is a development and humanitarian organization that advances children’s rights and equality for girls. They engage people and partners to: • Empower children, young people, and communities to make vital changes that tackle the root causes of issues such as discrimination against girls, exclusion, and vulnerability. • Drive change in practice and policy at local, national, and global levels through their reach, experience, and knowledge of the realities children face. • Work with children and communities to prepare for and respond to crises and to overcome adversity. • Support the safe and successful progression of children from birth to adulthood.

AN OUTSTANDING APPROACH Financial Education for Girls, supported by Credit Suisse, was launched in June 2014 as a partnership between the bank, Plan International UK, and Aflatoun. The program is currently delivered in Brazil, China, India, and Rwanda and provides school-aged girls with financial education and life skills. The aim is to empower the next generation of women to achieve better futures for themselves and their communities. The program is based on the core business of Credit Suisse, the expertise of Plan International, which focuses on girls and their access to quality education, and the expertise of Aflatoun as a developer of social and financial skills, curricula, and pedagogy. The program aims to improve the financial education and life skills of approximately 100,000 adolescent girls, support these girls to transition to, or remain in, secondary school, and advocate at local and national levels to create a positive environment for girls’ education. Plan International employs a sustainable model, which continues to empower young people and communities beyond the program’s lifetime. The 32

program is implemented in areas where Plan has established relationships with local communities, to ensure that they will be able continue to the work independently.

ACHIEVEMENTS • The program has reached 192,075 children. • There has been an 18.2% global increase in girls’ financial education. • There has been an 19.4% global increase in knowledge of planning and budgeting for girls.

• There has been an 38% global increase in the number of students who have saved money.

JUDGES’ THOUGHTS The Financial Education for Girls program has a consistent approach and impressive impact. The program involves a good mix of theory and practical exercises. Plan International shows a commendable commitment to undertake research.

Economic Citizenship Award |

SEDCO Holding Group Program Name: “Riyali” | Country: Saudi Arabia Partners: Ministry of Education; Society of Majid Bin Abdulaziz for Development and Social Services; Saudi British Bank

INTRODUCTION SEDCO Holding Group is a leading private wealth management organization with a track record of excellence dating back over 40 years. SEDCO Holding Group manages a wide and diversified spectrum of real estate investments, investments in equities, and other businesses in sectors key to national prosperity. The SEDCO Holding brand carries a strong market reputation due to its high standards and excellence in operations locally and regionally.

curriculum that is supported by the Saudi Ministry of Education. SEDCO Holding developed the “Riyali” mobile application alongside interactive courses presented by animated characters for young students, videos for high school and university students, and lectures and trainings for young entrepreneurs.

ACHIEVEMENTS • The program has reached 405,000 children.

• Through advertisements online and offline, SEDCO Holding aims to reach 2 million beneficiaries by 2020.

JUDGES’ THOUGHTS The Riyali program is successfully serving three target groups, resulting in a broad outreach to children and youth. The program has a far-reaching impact and has achieved impressive results. The Jury are confident about the impact this program will make in Saudi Arabia.

AN OUTSTANDING APPROACH In 2012, SEDCO Holding launched “Riyali”, its financial literacy program, as a CSR initiative. The program seeks to educate children and youth on key financial concepts, and contributes to the Kingdom’s Vision 2030 of empowering target groups with financial skills to achieve a desirable standard of living, which will have long-term positive effects on the local economy. “Riyali” targets three main groups: “Ashbal” (children aged 10-12), “Shabab” (high school & university students), and Rowad (young entrepreneurs), with a new segment to be launched in 2018 targeting middle school students. The geographical footprint of “Riyali” is extensive, as it offers online courses for easy access to target groups across KSA in addition to the school 33

| Economic Citizenship Award

US Agency for International Development (USAID) Program Name: “USAID’s Financial Sector Transformation Project” | Country: Ukraine Partners: Ministry of Education and Science; Deposit Guarantee Fund; Independent Association of Ukrainian Banks; National Bank of Ukraine; National Bank of Ukraine’s Banking University; Securities and Stock Market National Commission; Ukrainian Women’s Fund; VISA

INTRODUCTION In 1992, USAID signed a bilateral agreement on humanitarian, economic, and technical cooperation with Ukraine to help the country develop its economic, political, and societal potential. USAID and the Ukrainian government identified three strategic objectives: to create a broad-based market economy, to help build a participatory democratic political system, and to assist in social sector reforms to ease the difficulties of transition, particularly among the most vulnerable members of society. Thus began a 25-year partnership that has endured, animated by the belief that by working together a secure and prosperous future for all Ukrainians can be ensured. AN OUTSTANDING APPROACH Launched in 2016, USAID’s Financial Sector Transformation Project deals with consequences of the financial 34

crisis that followed the political conflict in Ukraine, a country of some 45 million people. As a result, 100 out of 186 banks closed, Ukrainian currency sharply depreciated, the population’s trust in financial markets declined, and over 1.5 million of Ukrainians became internally displaced. The challenge which stands before the project is to return trust and build confidence in financial markets after drastic cleanup, to raise the population’s, especially youth’s and vulnerable people’s, awareness on risks and opportunities in financial sector, and, via technology, increase access to finance for underserved groups, as some 50% of Ukrainian population still do not have a bank account. USAID’s Financial Literacy Course is now being taught in 1,004 Ukrainian schools. Financial Awareness Days in Ukrainian cities help people, and youth in particular, to learn core financial competencies and

skills, and to expand their knowledge on innovative financial tools.

ACHIEVEMENTS • The program has reached 48,000 children. • The Ministry of Education has included financial literacy as one of the ten competencies for new school graduates. • In 2017, the project conducted 112 trainings on financial empowerment. • In 2017, approximately 6,000 children and youth attended the Financial Awareness Days. JUDGES’ THOUGHTS USAID’s program was recognized as an important initiative with an impressive reach. With the approach integrated into the curriculum, long term continuity seems well secured.

❷ CYFI Country Award REGIONAL FINALISTS Africa • Côte d’Ivoire Ministry of Education • Madagascar National Coordination of Inclusive Finance (CNFI) – Ministry of Finance • Uganda Central Bank of Uganda • Zimbabwe Reserve Bank of Zimbabwe

Americas & • Chile The Caribbean Central Bank of Chile • Colombia Bank of the Republic of Colombia • Paraguay Central Bank of Paraguay

Asia & • Bhutan The Pacific Royal Monetary Authority of Bhutan • Brunei Darussalam Ministry of Education Brunei Darussalam • Indonesia Bank of Indonesia

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Europe & • Georgia Central Asia National Bank of Georgia • Russian Federation Ministry of Finance of the Russian Federation

Middle East & • Egypt North Africa Egyptian Banking Institute (EBI) • Lebanon The Higher Council for Childhood • Morocco Moroccan Foundation for Financial Education (FMEF) • Palestine Palestine Monetary Authority (PMA)

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| CYFI Country Award

Côte d’Ivoire | Africa Lead organization: Ministry of Education, Financial Education Program (PEF) Program Name: “National Strategy for Financial Education” Partners: Ecobank; Fintech Devlogie; Touche Finale; banks; schools; civil society; TV channels

INTRODUCTION Since 2012, the Ivorian Ministry of Education has initiated a Financial Education Program to train people and raise awareness on money matters. To further financial education and inclusion within the country, a National Strategy for Financial Education was designed in 2017. AN OUTSTANDING APPROACH The Ministry of Education and its partners are undertaking several programs to enhance financial education and inclusion in Côte d’Ivoire. The Financial Education Program aims to help children and youth develop healthy financial habits, as well as to give key information to teachers, parents, and tutors regarding how to manage a personal or family budget, how to use elementary financial services, and how to warn children and parents about the risks associated with credit and debt. The Ministry of Education has taken the lead on other initiatives 38

such as Global Money Week, which is celebrated nation-wide in cooperation with banks, schools, and civil society organizations. A SchoolBank program has been implemented in various schools in partnership with Ecobank and Fintech Devlogie, and a financial products workshop has been organized to discuss financial products tailored to the needs of children and youth. A top school project on the issue of youth entrepreneurship has been undertaken, as well as two television programs related to financial education and entrepreneurial culture among youths. Another program, focusing on the issue of dissemination of educational messages, is being conducted in partnership with Touche Finale. All these programs led to the designing of the National Strategy for Financial Education in 2017, which was a result of consultations with both stakeholders and youth.

ACHIEVEMENTS • Over the course of 2017, tremendous work was put into the development of the financial education program as well as other programs to promote financial inclusion and entrepreneurship. • The National Strategy for Financial Education was designed in 2017 to establish a structured framework for financial education and inclusion in Côte d’Ivoire. • Banks, ministries, civil society organizations, schools, and other stakeholders are taking part in the national effort to enhance financial education and inclusion to make it realistic and efficient. JUDGES’ THOUGHTS Multiple efforts to advance financial education have been implemented in Côte d’Ivoire. The fact that the country has a national platform especially dedicated to financial education was greatly appreciated by the Jury.

CYFI Country Award |

Madagascar | Africa Lead organization: National Coordination of Inclusive Finance (CNFI) - Ministry of Finance Program Name: “National Strategy for Financial Inclusion” Partners: Ministry of Youth; Ministry of National Education and Technical Education; Ministry of Higher Education; APIMF; UNCDF; Finmark; CENFRI; Instat; Société Générale; Caisse d’Epargne; schools; civil society

INTRODUCTION The National Coordination of Inclusive Finance (CNFI) and the working group on financial education are Madagascar’s national platform dedicated to financial education and financial inclusion. Efforts in the financial and educational sectors have led to the establishment of a National Strategy for Financial Inclusion to be launched in mid-2018. AN OUTSTANDING APPROACH The CNFI and the working group on financial education collaborated with ministries, banks, civil society, and schools to participate in the national Global Money Week celebrations and the SchoolBank project. In the process of creating the national platform for financial education and inclusion, consultations were held with the Ministry of Youth, the Ministry of National Education and Technical Education, and the Ministry of Higher Education. The CNFI launched their SchoolBank Pilot Program in 2017, in collaboration with Société Générale, Caisse d’Epargne, and five schools in the capital, using the educational curriculum developed by CYFI and Aflatoun International. The SchoolBank program complies with CYFI’s child and youth friendly

banking product controls. Training by CYFI and Aflatoun International was offered to APIMF and CNFI trainers, to prepare them to train teachers in the financial education of children and youth. CNFI organized a development workshop for financial products adapted to fit the needs of children and youth. In addition, directors and heads of schools conducted youth consultations to ensure the youth were included in modifying the legal framework regarding financial inclusion policies. An Education Sector Plan (PSE) was adopted at the end of 2017 in order to integrate financial education into the National Curriculum. As a result of these financial inclusion programs and initiatives, CNFI has designed a National Strategy for Financial Inclusion with an educational component and a specific focus on children, to define a national framework for financial education and inclusion. The roadmap, roles, and responsibilities related to the National Strategy for Financial Inclusion were developed in 2017 and the launch of the strategy is planned for June or July of 2018.

ACHIEVEMENTS • Analysis on the effectiveness of the SchoolBank pilot project has been undertaken in collaboration with APIMF, UNCDF, Finmark, CENFRI and Instat for the realization of the Finscope survey between 2016-2017. • Madagascar has a holistic approach to financial education and inclusion by consulting all stakeholders and inciting improvements both in the financial and educational sectors. • Financial education is now integrated in the national curriculum through the adoption of an Education Sector Plan and the development of financial products tailored to the needs of children and youth. • The National Strategy for Financial Inclusion is going to be launched in June-July 2018. JUDGES’ THOUGHTS Madagascar has been recognized for successfully creating a national platform with multiple government ministries involved. Madagascar shows a lot of enthusiasm and energy for the program, which is building momentum in the country.

| CYFI Country Award

Uganda | Africa Lead organization: Central Bank of Uganda Program Name: “National Strategy for Financial Inclusion”; “National Strategy for Financial Education” Partners: Private Education Development Network (PEDN); Ministry of Education; Assist Community Initiatives Uganda; Finance Trust Uganda; Finscope; financial institutions; civil society

INTRODUCTION The Central Bank of Uganda, along with the Ministry of Education, spearheaded the financial inclusion and financial education strategies in Uganda. The elaboration of the financial inclusion strategy, as well as the financial education strategy, has a specific focus on women, youth, and rural populations. AN OUTSTANDING APPROACH Financial literacy has been part of the Bank of Uganda since 2013. The Bank has an inter-institutional arrangement for collaboration with the Ministry of Education and a working group, led by the Bank of Uganda, has been initiated involving various regulators and ministries. The Bank has worked with multiple NGOs, including women, youth, and rural focused organizations, to increase financial inclusion, chiefly PEDN and Assist Community Initiatives Uganda. Other financial institutions have also been collaborating with the Bank to work on this issue. In early 2018, a Financial Inclusion Strategy was launched by the Bank of Uganda and a Financial Education Strategy will be launched 40

later in 2018 to replace the 2013 one and is currently being reviewed and assessed. According to the Finscope report, the Central Bank is seeing improvements in decision-making, the handling of finances, and money saving behavior in Uganda. Furthermore, the Financial Inclusion Project, in collaboration with CYFI, is being undertaken by PEDN and Finance Trust Uganda. The project is not government supported, but the government is informed. Finally, financial education is being incorporated into the national secondary school curriculum. PEDN is assisting to incorporate action-based learning from primary school level up to university level financial education.

ACHIEVEMENTS • With regards to financial inclusion and financial education, data has been compiled to assess the current economic environment for young people and the efforts made in education regarding this issue. This will then be used to assess how financial education and financial inclusion will be worked into the curriculum.

• The National Strategy for Financial Inclusion has been launched in early 2018 and the National Strategy for Financial Education will be launched later in 2018 to follow the 2013 strategy. • The Central Bank of Uganda underlines the importance of the consultations with all stakeholders (NGOs, financial institutions, governmental institutions) to design strong and global strategies for financial education and financial inclusion.

JUDGES’ THOUGHTS Uganda has been recognized for the longevity of its national strategy, building a successful track record. Additionally, the country was commended for its contact with multiple NGOs, consulting women, youth, and rural focused organizations.

CYFI Country Award |

Zimbabwe | Africa Lead organizations: Central Bank of Zimbabwe Program Name: “National Strategy for Financial Inclusion” Partners: Ministry of Primary and Secondary Education; ILO; Junior Achievement Zimbabwe; Aflatoun International; Post Office Savings Bank; private banks; youth organizations; civil society

INTRODUCTION Throughout 2017, the Central Bank of Zimbabwe, together with several partners, worked on the elaboration of the National Strategy for Financial Inclusion in Zimbabwe. Efforts have been made to gather all the initiatives undertaken towards financial inclusion and financial education in an inclusive and national structure. AN OUTSTANDING APPROACH Several initiatives and programs are being conducted in Zimbabwe to support financial inclusion and financial education. Zimbabwe has celebrated Global Money Week annually since 2013, and the Bank led Zimbabwe’s first nation-wide participation in the GMW campaign in 2018. The Central Bank of Zimbabwe is supporting the development of child and youth friendly banking products, through a strong relationship with private banks, and held a Product Development Workshop in October 2017. The Thematic Working Group on Financial Inclusion, initiated by the Bank in 2016 and formalized in 2017, is

working on the elaboration of the National Strategy for Financial Inclusion and towards improving financial inclusion and financial education throughout the country. The development and implementation of the National Financial Inclusion Strategy for Zimbabwe is aimed at ensuring the existence of an inclusive financial sector that broadens access to and use of financial services, all with the aim of engendering social and economic development. Consultations with youth organizations and sponsors regarding the needs and wants of children and youth were conducted in 2017 in preparation for the implementation of the National Strategy. Furthermore, the Ministry of Primary and Secondary Education is currently working on a new curriculum in partnership with ILO. Junior Achievement Zimbabwe and Aflatoun International are also involved in the curriculum development process.

ACHIEVEMENTS • The Central Bank plays an active role by continuously conducting financial education and financial inclusion

awareness campaigns, monitoring and evaluating the level of financial inclusion and financial education in Zimbabwe, and organizing consultations regarding the needs and wants of children youth in terms of financial inclusion and financial education. • The National Strategy for Financial Inclusion is ready to be launched and implemented in Zimbabwe under the leadership of the Central Bank. • A new curriculum is being developed by the Ministry of Primary and Secondary Education, along with other partners, to better integrate financial education in schools.

JUDGES’ THOUGHTS The Jury felt there was significant positive momentum in Zimbabwe, which is contributing to the success of the initiative. Zimbabwe is currently working on a strategy and the further implementation of financial inclusion initiatives, which makes for a very promising future.

| CYFI Country Award

Chile | Americas & The Caribbean Lead organization: Central Bank of Chile Program Name: “Chilean National Strategy for Financial Education” Partners: The Financial Inclusion Commission (CAPIF); Ministry of Finance; Ministry of Education; Banco Estado; Fundación Alemana; SERNAC; Proyecto Capital (PC)

INTRODUCTION The Financial Inclusion Commission (CAPIF), created in 2014, has the mission of initiating, developing, and monitoring the first Chilean National Strategy for Financial Education. As part of the CAPIF, Ministries, including those of Finance and Education, the Central Bank, and financial regulators and supervisors, led by the Ministry of Finance, have decided that students and women should be considered priority groups for financial education. AN OUTSTANDING APPROACH Chile has been working on expanding financial inclusion and education throughout the country. A national strategy has been designed with a focus on the education and inclusion of students and women. As a first step in the implementation of the strategy, the Ministry of Education introduced financial education into the high school curriculum of 14-15-year-olds. Chile hopes to meet all objectives of the strategy by 2020. The implementation of the Strategy began 42

in 2017, but the official launch happened in January 2018. The Central Bank incentivizes organizations from varying sectors to participate in activities to promote financial education and inclusion, including the annual participation in Global Money Week. In preparation for Global Money Week, an annual Regional Rally is organized, bringing together relevant stakeholders to discuss ideas for furthering financial education. The National Strategy for Financial Inclusion features all organizations that have an active role in the effective implementation of the national strategy, including NGOs and financial institutions. The Ministry of Education has been monitoring the implementation of SERNAC’s curriculum and in 2017, Child & Youth Finance International carried out an assessment called: Economic Citizenship Education Curriculum Mapping Report SERNAC’s School Program for Financial Education. Chile has also

collaborated with Proyecto Capital, a joint initiative of Fundación Capital and Instituto de Estudios Peruanos that supports the implementation of public policies regarding financial inclusion in Latin American and Caribbean countries.

ACHIEVEMENTS • The Economic Citizenship Education Curriculum was assessed by CYFI and changes will be implemented along with the launch of the national strategy in September 2018. JUDGES’ THOUGHTS Chile made significant progress in 2017, implementing its National Strategy for Financial Education. Chile makes sure that all organizations, whether public or private, participate in the promotion of financial education for children and youth.

CYFI Country Award |

Colombia | Americas & The Caribbean Lead organization: Market Self Regulator Program Name: “National Curriculum Financial Education” Partners: Banco Mundo Mujer; Clever Finance; World Bank; Development Bank of Latin America

INTRODUCTION The national strategy in Colombia focuses on empowering children and youth through economic citizenship. AN OUTSTANDING APPROACH In Colombia, a specific committee has been appointed that is dedicated to financial education. The government leads this committee and regularly asks for feedback from its stakeholders to evaluate the state of financial education in the country. Both private and public sector stakeholders are involved in the working group. Workshops have been held to actively engage youth and collect information to be discussed in the working groups. The stakeholders all have different roles in the implementation of the National Strategy and are motivated to use all their resources. The National Financial Education and Inclusion Strategy was launched in 2017.

nationally led in the country and every year a different organization is in charge of leading the efforts. Furthermore, a SchoolBank pilot is currently in being set up by Banco Munde Mujer and Clever Finance.

ACHIEVEMENTS • The national curriculum is evaluated every year and the changes will be implemented in an updated version of the curriculum, which will be launched during the 2018/2019 school year. JUDGES’ THOUGHTS Colombia is reaching many children through their financial inclusion initiatives via a well-developed program, motivating stakeholders to use all their resources available.

Colombia is active in multiple CYFI initiatives. Global Money Week is 43

| CYFI Country Award

Paraguay | Americas & The Caribbean Lead organizations: Central Bank of Paraguay Program Name: “National Development Plan” Partners: Ministry of Finance; Ministry of Education and Culture; World Bank SECO Trust Fund; National Development Secretariat; Aflatoun International; Plan International; NGOs

INTRODUCTION As part of Paraguay’s National Development Plan, there is a clear understanding that financial inclusion is one of three necessary components to achieve an inclusive society in Paraguay. To support this, the Central Bank of Paraguay has a department especially dedicated to Financial Inclusion, with a division for Financial Education. AN OUTSTANDING APPROACH The Central Bank has been in discussions with CYFI to possibly implement electronic payment services for children. Furthermore, the possible implementation of a SchoolBank has been discussed to try to include objectives and activities related to children and youth. The Central Bank has organized multiple national activities to promote financial education, including events for Global Money Week, which they have participated in since 2013. In 2017, two 44

Presidential Decrees were issued. The first one formalized the National Council for Financial Inclusion and launched the Strategy, making it a priority with a series of goals to be completed by 2018. The second decree officially defines the 2nd week of March as the National Financial Education Week. The Government of Paraguay has laid out a series of objectives and development goals within its National Development Plan to be reached by 2030. The National Strategy allowed for the integration of a Financial Education topic in the national high school curriculum.

ACHIEVEMENTS • In 2009, a cooperation agreement was signed between Financiere el Comercio and the Ministry of Education and Culture to implement a pilot project. Thus far, these institutions have worked together to reach 30 public schools and more than 2,000 children.

• In 2015, a national financial education and inclusion pilot was launched, which has thus far reached 150,000 children. • 7,000 teachers were trained in financial education during different conferences. These trainings were compiled into a book, which is now used as a way to train more teachers. • In 2017, Paraguay reached 33,500 children directly and 120 thousand indirectly through their Global Money Week activities.

JUDGES’ THOUGHTS Paraguay has come a long way in 2017 having implemented a seemingly broad-based pilot program, reaching many children through its financial education programs.

CYFI Country Award |

Bhutan | Asia & The Pacific Lead organization: Royal Monetary Authority of Bhutan Program Name: “The National Financial Inclusion Strategy and Financial Literacy Strategy Action Plan Framework” Partners: Ministry of Finance; Ministry of Education; commercial banks; insurance companies

INTRODUCTION Bhutan is currently making great strides forward in the field of financial education for children and youth. They have achieved this through the demonstration of high-level commitment from various governmental bodies towards reducing poverty, where financial literacy was clearly defined as one of the ways to achieve this. Presently, the focus of the country is to provide financial education to all, including children. AN OUTSTANDING APPROACH The Royal Monetary Authority of Bhutan has established the Financial Inclusion and Literacy Division within the Central Bank to take the lead in promoting and advancing financial inclusion and financial literacy in the country, especially for the younger population. In 2010, a National Financial Inclusion Policy (FIP) working group was established. The

goal of the working group is to achieve poverty reduction, especially through rural livelihoods, agricultural productivity, micro-enterprise promotion, and employment creation. Under this policy, the investment in the financial literacy of the public, including children, is identified as a long-term way to eradicate poverty in the country. Entrepreneurship is being piloted in schools, where youth banking programs are being implemented. The programs are being set up in collaboration with commercial banks and insurance companies, with the latter also providing insurance for young people. The programs are organized for children and youth between the ages of 5-22 years old. Additionally, different learning environments for entrepreneurs, including incubation centers, are being set up.

ACHIEVEMENTS • A Financial Literacy Roadshow, led by the Honorable Governor, has reached 9,500 children in 20 states in Bhutan. • The National Financial Inclusion Strategy has been developed and will be approved by June 2018. • The Financial Literacy Strategy Action Plan Framework has been developed and will be approved by June 2018. Afterwards, it will be implemented in the national level curriculum. JUDGES’ THOUGHTS Bhutan has been commended for identifying financial literacy of the public, including children, as a longterm way to eradicate poverty in the country. Youth have been involved in the development of initiatives, including the curriculum.

| CYFI Country Award

Brunei Darussalam | Asia & The Pacific Lead organization: Ministry of Education Brunei Darussalam Program Name: “Financial Education Strategy” Partners: Ministry of Youth and Culture; National Council for Financial Education; Autoriti Monetari Brunei Darussalam (Central Bank); Centre of Strategic and Policy Studies; Livewire Brunei; Brunei Shell Petroleum; NGOs

INTRODUCTION The Ministry of Education has led the implementation of financial education in Brunei Darussalam. Through participating in Global Money Week celebrations since 2013, financial education has increasingly become a topic of discussion throughout the country. The aim is to implement financial education into the national curriculum. AN OUTSTANDING APPROACH The Ministry of Education has specifically allocated staff working on the topics of financial education and financial inclusion, in addition to the National Council for Financial Education, Ministries, and NGOs. In 46

2016, the Ministry of Education started a pilot entrepreneurship class, which also covers many aspects of financial education. The pilot classes were used to collect feedback on and measure the impact of the classes on the overall level of entrepreneurial and financial knowledge of young people. With multiple activities happening across the country, the Autoriti Monetari (Central Bank) has taken the initiative to create and develop a more structured approach towards advancing financial literacy, which started in 2017. The Central Bank established the National Council for Financial Literacy, which will be the country’s lead coordinating body to address all aspects of improving the

level of financial responsibility of the population of Brunei.

ACHIEVEMENTS • The Ministry of Education reached 996 children by 2016. • Since starting the implementation of the pilot classes in 2016, the Ministry has reached 1,000 children. JUDGES’ THOUGHTS Brunei Darussalam was praised for their approach in covering many different aspects of financial inclusion, such as creating a pilot program focused on entrepreneurs.

CYFI Country Award |

Indonesia | Asia & The Pacific Lead organizations: Bank of Indonesia Program Name: “National Financial Inclusion Strategy” Partners: Otoritas Jasa Keuangan; governmental agencies

INTRODUCTION The Bank of Indonesia has strived to achieve a cross-sectional development with multiple governmental agencies and stakeholders to ensure the involvement from all sectors and sustained support in the implementation of the National Financial Inclusion Strategy. Innovations have made Indonesia stand out in its drive to economically empower young people. AN OUTSTANDING APPROACH Indonesia has currently implemented a National Strategy for Financial Literacy and a National Working Group on Financial Inclusion within the country. The Otoritas Jasa Keuangan (OJK) leads both the strategy and the working group. Within the National Strategy, there is a clearly defined strategy for urban outreach; the action plan implemented

includes effective ways to reach the urban population through an education website, social media campaigns, and lectures for university and high school students. Furthermore, there is an outreach strategy for the rural population, including programs designed to reach formal and non-formal education system students as well as yearlong advertisements on both local and national TV and radio. A mobile application, the Sikapiuangmu (“Manage Your Money Wisely”), was created to provide financial literacy access. OJK has specially created accounts to address children and youth financial inclusion, which they have titled Indonesia’s Student Savings Account Program (SimPel). The SimPel program is a savings account specifically designed for students with easy, simple requirements and has features that

comply with the framework of education and financial inclusion. It is aimed at building healthy saving habits and to introduce banking products and services from an early age.

ACHIEVEMENTS • By mid 2017, almost 3 million SimPel accounts were opened in Indonesia for children and youth. JUDGES’ THOUGHTS Indonesia has seen significant progress in the last year with a program that is very broad and well entrenched in society. There is a clear motivation and the country is continually making good progress with the implementation of their national strategy. An impressive 3 million SimPel accounts opened in Indonesia for children and youth.

| CYFI Country Award

Georgia | Europe & Central Asia Lead organizations: National Bank of Georgia (NBG) Program Name: “National Strategy for Financial Literacy” Partners: Ministry of Education and Science; Bank of Georgia; SBFIC; Business and Technology University; National Youth and Children Palace (NYCP); NGOs

INTRODUCTION The National Bank of Georgia is one of the leading organizations in Georgia involved in the implementation of Financial Education and Financial Literacy. The Bank established their Financial Education Division in 2017, to further promote financial education. AN OUTSTANDING APPROACH The National Bank of Georgia (NBG) has done a lot to further the financial education and financial literacy of children in Georgia. This includes celebrating Global Money Week each year and implementing a SchoolBank. Additionally, financial education is now part of the school curriculum. The curriculum consists out of, but is not limited to, a financial literacy program for high-school students and an “Innovations Camp” on financial literacy and child-friendly financial products. In 2017, a Steering Committee for the National Strategy was created. 13 48

stakeholders from various sectors, including public, private, and civil society organizations, were consulted. The Committee agreed upon three key priority target groups for the coming three years, namely youth (schoolchildren and university students), the rural population, and people employed in large organizations (workplace education). The Committee is currently creating a detailed action plan for the implementation of the National Strategy for Financial Education. A SchoolBank program was piloted with 11 public schools in Georgia in 2017. Over 260 children participated in the project. NBG consulted university students to help draft the Georgian SchoolBank Book.

ACHIEVEMENTS • The National Bank of Georgia reached up to 13,000 children directly in 2017, including 5,000 children through Global Money Week, 6,500

children through Savings Day Celebrations, and 260 children through SchoolBank. • 2018 will be the “Year of Financial Education”. The website for financial inclusion and its communication campaign will be launched in the same year. • In 2018, the NBG and VISA will launch the Financial Literacy Campaign, which will include the Georgian-language “Financial Football Game”.

JUDGES’ THOUGHTS Georgia is making very good progress in many areas; creating a platform, clear objectives and many pilot programs. There is evidence of a strong commitment from the National Bank and the upcoming campaign has a positive momentum.

CYFI Country Award |

Russian Federation | Europe & Central Asia Lead organizations: Ministry of Finance of the Russian Federation Program Name: “National Financial Education Strategy”; “National Strategy Financial Inclusion”; “National Financial Literacy Project, ‘Enhancing the Level of Financial Literacy of Population of Russian Federation” Partners: World Bank; OECD; Central Bank of the Russian Federation; PISA

INTRODUCTION In the Russian Federation, multiple financial education activities are taking place. The Ministry of Finance, with the support of the World bank, is leading a national financial literacy project titled “Enhancing the Level of Financial Literacy of Population of Russian Federation”. Additionally, the Ministry is actively engaged within the OECD. Furthermore, the Central Bank is also currently running a project on financial education. AN OUTSTANDING APPROACH Currently, a pilot program has been running since 2011. The goal is to develop core competencies for young people, with financial education being one of them. Other pilot projects

include elementary financial literacy. There is a lot of work going in to producing various books and materials in light of the national financial literacy project. The National Strategy Financial Inclusion was designed in 2017 and was approved in September of the same year. Additionally, in September 2017, the National Financial Education Strategy was launched. The concepts in this strategy are integrated in the national curriculum throughout the entire country. Financial education is a compulsory subject in 11 grades and financial literacy is an additional, optional course.

ACHIEVEMENTS • In the Russian Federation, all children in school are reached thanks to compulsory financial education in schools. • Bank accounts are available for children aged six and older and children aged 14 and up can receive a debit card. JUDGES’ THOUGHTS Russia has a very impressive and comprehensive strategy and has, once again, been recognized for its holistic and systematic approach.

| CYFI Country Award

Egypt | Middle East & North Africa Lead organizations: Egyptian Banking Institute (EBI) Program Name: “Shaping the Future”; “National Strategy for Financial Inclusion” Partners: Ministry of Education; Ministry of Youth and Sports; Plan International; Central Bank of Egypt; Banque Misr; Modern Education Schools; NGOs; private universities; schools; banking institutions

INTRODUCTION Throughout 2017, Egypt has redoubled its efforts toward financial inclusion and financial education. The Egyptian Banking Institute (EBI) and the Central Bank of Egypt (CBE) are working closely with public and private stakeholders to further develop the national framework by shaping the strategies on financial inclusion and education through various initiatives. AN OUTSTANDING APPROACH In 2012, the Egyptian Banking Institute, as the technical arm of the Central Bank of Egypt, launched an initiative called “Shaping the Future” to enhance financial literacy for the broader goal of financial inclusion. Shaping the Future aims to create a platform for best practices and empower national decision-making processes through a series of activities. These activities rely on two pillars: Financial Education and Awareness, which focuses on delivering financial education and awareness to children and youth; and Friendly Financial Products, which supports banks in promoting financial literacy, as well as child and youth friendly financial products. One achievement of the initiative was to establish a National Committee consisting of high-level representatives of several stakeholders (e.g. CEOs of banking 50

institutions) to work on a National Financial Literacy Strategy. In 2015, the EBI organized a Product Development Workshop. Before every GMW, the EBI discusses new products with banks that have so far resulted in the development of prepaid cards, a mobile wallet, and facilitated the automation of tuition. EBI launched the first SchoolBank project in the Middle East and North Africa region in 2016, in partnership with CYFI, Banque Misr, and Modern Education Schools. The SchoolBank pilot is still running and provides regular teacher trainings. EBI would like to launch a mega SchoolBank, in which many banks would be invited. Talks on this will be renewed in September/October at the beginning of the school term. The EBI is also currently working closely with the Ministry of Education to pilot a new initiative to integrate financial education in the schools’ curriculum. The first part of the project included 85 Modern Education Schools students from grades 7, 8 and 9, aged 12 to 15 years old. Participating teachers, students, and their parents attended an event to showcase their recent learning and gain more insight about the project, as well as to receive pre-paid cards from Banque Misr. As of 2016, the Central Bank of Egypt is leading the development of the

Financial Inclusion Strategy, while the EBI is leading the Strategy on Financial Education. These two strategies are key to provide a national framework to coordinate the efforts towards promoting financial inclusion and financial literacy.

ACHIEVEMENTS • The EBI adopts a sustainable, inclusive approach that promotes sustainable public-private partnerships with relevant local and international bodies. EBI collaborated with NGOs, such as Plan International, and with private universities by carrying out consultations with university students to evaluate the need and effectiveness of financial education. Regular consultations occur between the three stakeholders (schools, the Bank, and the EBI). • So far, 1.3 million children have been reached through the various initiatives undertaken to promote financial education and financial inclusion in Egypt. JUDGES’ THOUGHTS Egypt has been commended for its persistent engagement and motivation that is a driving force behind its success. Its broad, well-established, and centralized program was recognized by the Jury.

CYFI Country Award |

Lebanon | Middle East & North Africa Lead organizations: Ministry of Social Affairs - The Higher Council for Childhood Program Name: “National Strategy on Financial Education” Partners: Aflatoun International; Ministry of Social Affairs; Ministry of Education; Centre for Education, Research and Documentation; Fransabank; Bank Audi; Nlom Bank; Basil Fuleihan Institute of Finance; Association of Banks in Lebanon; Al-Majmoua; Global Steps; Makhzoumi; Injaz; schools

INTRODUCTION The aim of the Lebanese National Strategy on Financial Education is to raise awareness on financial education for children and youth, to increase the level of commitment of banks and the public sector. AN OUTSTANDING APPROACH In 2013, the Higher Council for Childhood began to be actively involved in the process of building a National Strategy for Financial Education. In 2015, the Ministry of Education and Higher Education, in partnership with the Basil Fuleihan Institute of Finance and with the support of the Association of Banks in Lebanon, launched the elaboration of the National Strategy for Financial Education. The Basil Fuleihan Institute of Finance, the Ministry of Education, and the Centre for Education, Research and Documentation are the prime stakeholders working with the Higher Council for Childhood, who created the national platform in 2015 and leads all efforts for financial

education in the country. The Higher Council has met with several banks to figure out what they can offer to children and youth. A meeting was held with all relevant stakeholders, where they presented what they could offer for the furthering of financial education and inclusion in the country. The Higher Council for Childhood, in collaboration with the Injaz Project and the Ministry of Education, conducted a competition between eight public schools on financial education projects. These competitions and projects are all part of the financial education curriculum. The Higher Council for Childhood is actively engaged with the children through the competitions that highlight the progress of what the children have learned in financial education. These activities also serve to bring together all relevant stakeholders to discuss and witness the progress first hand. Important stakeholders from both the public and private sectors are part of the jury and use the competition to monitor the

progress of financial education in the country.

ACHIEVEMENTS • Since 2014, Global Money Week is led each year by the Ministry of Social Affairs – The Higher Council for Childhood and has a strong publicprivate approach, with various banks and NGOs participating. • The Higher Council for Childhood has been working closely with all stakeholders, particularly banks, to provide financial products tailored to children and youth, and to implement efficient financial education programs. JUDGES’ THOUGHTS Lebanon was recognized for its efforts in increasing financial literacy and capability of the youth population through the Injaz Project. Additionally, Lebanon was praised for its active involvement and contact with children.

| CYFI Country Award

Morocco | Middle East & North Africa Lead organization: Moroccan Foundation for Financial Education (FMEF) Program Name: “Financial Inclusion Strategy”; “Financial Education Strategy” Partners: Central Bank; Ministry of Finance; Ministry of Education; Bank Al Maghrib; associations; schools

INTRODUCTION The Moroccan Foundation for Financial Education (FMEF) is the first anchor point in Morocco regarding financial education and financial inclusion. A new National Strategy for Financial Inclusion is currently being designed in Morocco and will target children, youth, women, and rural populations. It is expected to be launched in 2019. AN OUTSTANDING APPROACH The Moroccan Foundation for Financial Education was created in January 2013 and is in charge of the coordination of all national initiatives on financial education. It has 13 members including the Central Bank, several ministries, and associations. FMEF and CYFI have signed an MoU on the furthering of financial education in Morocco, as financial education was identified in Morocco as the principal motor for financial inclusion. FMEF developed an educational program, which reached over 100 schools and 4,000 students; a teacher-training manual was created, as well as a manual for the students. Bank Al-Maghrib and the Ministry of 52

Finance oversee the analysis of the educational program created by FMEF.

Financial Inclusion and Education Strategies will include the scaling up of the pilot program.

The FMEF drafted a Strategy for Financial Education that includes the three main components of financial education, financial inclusion, and entrepreneurship. In the near future, Morocco will be announcing a plan for their Financial Inclusion Strategy and the plan for the Financial Education Strategy will be announced alongside it. A findex survey was carried out and a new strategy was developed, which targets youth, women, and rural populations. Stakeholders from every sector were involved in the discussion and came up with ways in which they could add the results from the discussion to the financial inclusion strategy. Currently, the Ministry of Education is evaluating the program and exploring ways the program can be scaled up to the national level. The focus of the MoE is to make sure that youth in vocational schools are given the necessary knowledge to make good financial decisions, given that they enter the workforce at a young age. The announcement of the

ACHIEVEMENTS • FMEF has engaged stakeholders from every sector in participating in Global Money Week 2018. Morocco has been participating in the Global Money Week on a national level since 2012. • Youth were thoroughly consulted through workshops organized by stakeholders of the FMEF and MoE, to participate in the elaboration of the national strategy. • 150,000 children have been reached in 2017 by the various initiatives towards financial inclusion and financial education. JUDGES’ THOUGHTS Morocco made commendable progress in 2017, which was reflected in its increased reach. It is commendable that the many different governmental and non-governmental organizations work together to promote the financial education and financial inclusion of children and youth.

CYFI Country Award |

Palestine | Middle East & North Africa Lead organizations: Palestine Monetary Authority (PMA) Program Name: “National Strategy for Financial Inclusion” Partners: Ministry of Education; Association of Banks and Microfinance; Capital Markets Authority; National Committee; Supervisory Committee; Technical Committee; UNRWA schools; NGOs; universities

INTRODUCTION Palestine’s efforts towards financial inclusion and financial education has a specific focus on gender inclusivity. The National Strategy for Financial Inclusion is expected to be launched in the second half on 2018 and has been drafted by the Palestinian Monetary Authority (PMA) after consultations with all relevant stakeholders. AN OUTSTANDING APPROACH The Palestinian Monetary Authority, Ministry of Education, and Banks Association have dedicated staff for matters of financial education and financial inclusion. Two working groups exist in Palestine for Global Money Week and the Banking Week. The National Committee, the Supervisory Committee, and the Technical Committee are leaders in five Palestinian working groups, of which there are individual ones dedicated to both financial education and financial inclusion. Despite the many difficulties it has faced, Palestine is an active partner in the Child and Youth Finance Movement, as it has participated in CYFI activities since 2012 and plans to expand its support for economic education. Collaboration in economic education is active between the Palestine Monetary Authority, the Ministry of Education, and UNRWA schools,

especially in celebrating Global Money Week. PMA is supervising the banking sector, as well as all the stakeholders, private sector, NGOs, and the Capital Markets Authority. They have created a broad network and a platform that is easy to work in. During Banking Week 2015, PMA prepared a concept paper on Youth Banking, which they presented to the Arab Monetary Fund (AMF). The paper has been approved by the Central Bank’s Governor Cabinet and published for all Arab countries to implement. The National Strategy for Financial Inclusion in Palestine has been drafted and it is now in the process of getting the official approval of the cabinet of the President of Palestine. The Strategy is expected to be launched for implementation in the second half of 2018. PMA will report to the National Committee and main stakeholders. PMA and the Capital Markets Authority will be doing the monitoring and evaluation. Technical assistance from AFI and Capital Markets Authority has been made official through an MoU and a concept note, to initiate the National Strategy for Financial Inclusion.

ACHIEVEMENTS • The PMA has been used as an

example for microfinance initiatives in the MENA region, and presented its experiences to the Arab Monetary Fund. • 97,000 children were reached through the last financial education program. • The PMA has engaged in continued coordination with universities and colleges through workshops for students and the enhancement of their curriculum. Many financial education workshops were held for students in schools, universities, and community colleges. Field visits for the students were organized at the PMA headquarters. • Since 2013, the PMA has led national celebrations for Global Money Week, reaching more and more children every year. • The Steering Committee for the Establishment of the National Strategy for Financial Inclusion in Palestine endorsed the National Strategy for Financial Inclusion in Palestine at its fifth and final meeting held in Ramallah.

JUDGES’ THOUGHTS Palestine has been recognized for their commitment to financial inclusion in the past year. In addition to its significant progress, Palestine has published a working paper and has initiated its own banking week. 53

❸ Global Money Week Awards GLOBAL FINALISTS rica Africa • Democratic Republic of Congo (DRC) Central Bank of Congo • Zambia Bankers Association of Zambia, Bank of Zambia, Pensions & Insurance Authority, Securities & Exchange Commission, Lusaka Stock Exchange, Rural Finance Expansion Programme, Insurers Association of Zambia, Savings Bank for International Cooperation, Financial Sector Deepening Zambia • Zimbabwe Reserve Bank of Zimbabwe Americas & • Colombia The Caribbean Self-Regulator of the Colombian Stock Market (AMV), Asobancaria, Bank of the Republic of Colombia, Financial Superintendence of Colombia, Fasecolda, Plan International, Banca de las Oportunidades • Guatemala Central Bank of Guatemala • Paraguay Central Bank of Paraguay • Peru Superintendency of Banking Insurance and Private Pensions Funds (SBS), Ministry of Education (MINEDU) Asia & • Bangladesh The Pacific Bangladesh Bank (Central Bank), Bangladesh Skill Development Institute, Daffodil International University • Bhutan Royal Monetary Authority of Bhutan • Brunei Darussalam Ministry of Education, Autoriti Monetari Brunei Darussalam (AMBD) 54 54

Europe & • Belarus Central Asia National Bank of the Republic of Belarus • Belgium Financial Services and Markets Authority (FSMA) • Hungary Ministry of Human Capacities, Ministry for National Economy, Money Compass Foundation, Central Bank of Hungary, Hungarian Banking Association, Junior Achievement Hungary • The Netherlands Money Wise Platform, Ministry of Finance, Dutch Central Bank (DNB), Dutch Bankers Association, Dutch Association of Insurers • Russian Federation Ministry of Finance of the Russian Federation Middle East & • Egypt North Africa Egyptian Banking Institute (EBI) • Libya Central Bank of Libya, Ministry of Education • Morocco Moroccan Foundation for Financial Education (FMEF) • Palestine Palestine Monetary Authority (PMA)

| Global Money Week Award

Democratic Republic of Congo | Africa Lead organizations: Central Bank of Congo Partners: Ministry of Primary, Secondary and Professional Education; UNCDF; GIZ; FPM ASBL; VODACASH; ACB; ANIMF; ELIECOM; ELAN RDC; APROCEC

INTRODUCTION For the fourth year in a row, the Democratic Republic of Congo celebrated Global Money Week, led by the Central Bank of Congo, and supported by the Ministry of Primary, Secondary and Professional Education, UNCDF, GIZ, and many other partners. AN OUTSTANDING APPROACH Throughout the Week many different events and celebrations were organized across the country. The Week was launched by executives from the Central Bank and students from different schools. The celebration began with visits to the national currency manufacturer, where students were taught about the history of the currency in Congo, and the production and management of the Congolese franc. Furthermore, awareness sessions for children, youth, and adults were organized to teach them the importance of managing money, saving, and spending wisely. The celebrations were closed with a prize ceremony, where the Ministry of Primary, Secondary and Professional Education awarded the participants of the first Rally of Literature Finance. ACHIEVEMENTS • During Global Money Week 2018, the Central Bank of Congo, together with its partners, reached 89,485 children, or 0.11% of the total population, directly through 4 events and 5 activities. • In total, 143,895 people were reached indirectly, which is 0.18% of the total population. JUDGES’ THOUGHTS DRC was recognized for the growth in their campaign and the implementations of activities that will genuinely help to promote effective personal financial management.

Global Money Week Award |

Zambia | Africa Lead organization: Bankers Association of Zambia; Bank of Zambia; Pensions & Insurance Authority; Securities & Exchange Commission; Lusaka Stock Exchange; Rural Finance Expansion Programme; Insurers Association of Zambia; Savings Bank for International Cooperation; Financial Sector Deepening Zambia Partners: Cabinet Office of Zambia; Ministry of Education; Ministry of Finance; Ministry of Youth; AB Bank; Barclays Bank; Banc ABC; Cavmont Bank; First Alliance Bank; First National Bank; Indo Zambia Bank; Investrust Bank; Eco Bank; UBA Bank; Stanbic Bank; Standard Chartered Bank; Bank of China; Zanaco, Access Bank; National Savings and Credit Bank; CAMFED Zambia; UNCDF; Bongohive Zambia; PSP Consultant; Children International; Childfund International; COMESA Secretariat; Plan International; Savenet; Vision Fund; Restless Development celebrations reached all provinces. Each provincial activity included a public exhibition, community outreach at markets and resource centers, school visits by financial institutions, inter school competitions, such as debates, and visits to financial institutions. Furthermore, the Governor of the Bank of Zambia visited financial institutions to learn about the financial products and services available to young people that are in line with the National Financial Inclusion Strategy.

INTRODUCTION Zambia celebrated the 6th Financial Literacy Week, which is a nationwide, local adaption of Global Money Week. The campaign began in partnership with GMW2013 and has since grown from a single event to a nationwide campaign, reaching millions of citizens. The events were led by the Bank of Zambia, the Pensions & Insurance Authority, and the Securities and Exchange Commission, in an effort to reach all Zambians. AN OUTSTANDING APPROACH The Minister of Finance launched the

Financial Literacy Week on National Television and Radio, making it possible for the government to endorse the nationwide activities and to create a call to action for all relevant stakeholders. The Governor of the Bank of Zambia led the official launch event at the Bank, which was attended by 112 Chief Executives from all organization regulated by the Bank of Zambia, the Pensions & Insurance Authority, and Securities and Exchange Commission. Throughout the country, provincial administration offices around the country hosted individual kickoff events to ensure the

ACHIEVEMENTS • Via the 15 events and 100 activities, 30,000 children were reached directly, which is 0.18% of the total population. • Through the launch event by the Minister of Finance, 3,500,000 people were reached indirectly, which is 21.1% of the total population. JUDGES’ THOUGHTS Zambia has designed an effective, diverse, and sustainable Global Money Week program that has shown durability and scalability over the years. Zambia has effectively addressed the challenge of reaching children nationwide.

| Global Money Week Award

Zimbabwe | Africa Lead organization: Reserve Bank of Zimbabwe Partners: POSB; CABS; Barclays Bank; CBZ Bank; Standard Chartered Bank; Ecobank; Metbank; FBC; MBCA; Lion Finance Limited; Bankers Association of Zimbabwe; Zimbabwe Stock Exchange; Insurance & Pensions Commission of Zimbabwe; Global Foundation for Public Speaking

INTRODUCTION Zimbabwe has been participating in Global Money Week since 2013. Global Money Week 2018 was the first year that the Reserve Bank of Zimbabwe took charge and led the events in the country. AN OUTSTANDING APPROACH The Reserve Bank of Zimbabwe hosted students from 12 high schools to teach them about the functions and operations of the Central Bank. Furthermore, the Reserve Bank supported activities organized by other stakeholders. This included officiating at the High School Global Money Week Debate Tournament, the Inter-University Debate Competition, as well as delivering presentations at a youth financial inclusion workshop. Activities organized by stakeholders invited to participate by the Reserve Bank included: • Visits to schools and lessons on various financial topics, such as saving, credit, and investment; • Hosting schools in local branches of financial institutions; • Facilitating debates and quizzes; • Sharing financial literacy information through mass media as well as social media platforms.

ACHIEVEMENTS • Throughout GMW 2018, the Reserve Bank, together with its partners, directly reached 62,065 children, or 0.38% of the total population, through 3 events and 8 activities. • In total, 6,690,250 people, or 41.42% of the total population, were reached indirectly, via social and mass media platforms. JUDGES’ THOUGHTS Zimbabwe has been commended for implementing Global Money Week on a national level for the first time in 2018. The diversity of events and size of reach is very promising.

Global Money Week Award |

Colombia | Americas & The Caribbean Lead organizations: Self-Regulator of the Colombian Stock Market (AMV); Asobancaria, Bank of the República of Colombia; Financial Superintendence of Colombia; Fasecolda; Plan International; Banca de las Oportunidades Partners: Asobolsa; Ministry of National Education; Fiduciaria Central; Acciones y Valores; Acción Fiduciaria; Ultraserfinco; Colpatria Bank; Mundo Mujer Bank; Agrario Bank; Finagro; Falabella Bank; Citibank; Bancamía; Bancolombia; Davivienda Bank; Bolívar Insurance; Itaú Bank; Colpatria Bank; Stock Exchange; Global Securities

INTRODUCTION Global Money Week 2018 was coordinated by the Global Organizing Committee Money Week Colombia, a body formed by the Self-Regulator of the Colombian Stock Market (AMV), Asobancaria, Bank of the República of Colombia, Financial Superintendence of Colombia, Fasecolda, Plan International, and Banca de las Oportunidades. AN OUTSTANDING APPROACH During GMW2018, over 690 activities were organized, taking place in schools, universities, and the headquarters of financial and governmental entities across Colombia. The activities, which varied from plays to forums to interactive exhibitions, were built around the importance of the proper use of resources, the role of economics and finance in the daily lives of young people, as well as highlighting the importance of healthy saving habits. The Committee offered printed materials, digital activities, advertising strategies, and a website promoting financial literacy, most free of charge, to ensure the celebrations reached as many people as possible.

Just as in previous years, the “GMW Colombia” contest was held. The organization that reached the highest number of children during the Week was awarded with a plaque and recognized on social media channels. The contest was highlighted in a press

conference at the Asobancaria Sustainability Congress. The Committee as well as the directors and managers of the founding organizations attended the event. Finally, Colombia actively participated in the GMW Selfie Challenge and the GMW Money Box Challenge.

ACHIEVEMENTS • The Global Organizing Committee Money Week Colombia reached 187,000 children directly, which is 0.38% of the total population, through 87 events and over 690 activities. • Throughout Global Money Week, 3,402,000 people, or 6.99% of the total population, was reached indirectly. JUDGES’ THOUGHTS Colombia has been commended for the range of activities they organized, which had a scaling effect, enabling more people to be reached. There was a significant number of participating organizations and a clear focus on pressing topics.

| Global Money Week Award

Guatemala | Americas & The Caribbean Lead organization: Central Bank of Guatemala Partners: Ministry of Education; Ministry of Culture and Sports; Ministry of Economy; the Banking Superintendence; the Banking Association of Guatemala; the National Mortgage Lending Organization of Guatemala; the Worker’s Bank; the Bank of Central America; Banco Azteca; the Management of Consumer Care and Assistance; Azteca Foundation

INTRODUCTION The 7th edition of Global Money Week and the 53rd edition of the Financial and Economic Education Festival were jointly launched by the Central Bank of Guatemala, with the support of 113 institutions. The festival is part of the Central Bank’s educational program. The ceremony was attended by representatives from government ministries, financial institutions, and foundations. AN OUTSTANDING APPROACH The objective of celebrating GMW and the Financial Festival is to help the Guatemalan society understand and appreciate financial institutions. The students could visit stands of each participating organization, where economic and financial concepts were explained to them. A series of mini festivals took place in the 27 Bank of Guatemala libraries around the country. The Central Bank organized a puppet show for children, “The Day of Rosita and Luisito met Monedin”, to address questions on money, savings, and the Central Bank. The game “Credits and Debits” was played to address the themes in the Central Bank’s information booklet and the Ministry of Culture and Sports

organized an ancient Mayan ball game. During the Week, the Ministry of Education organized teachertraining sessions in educational centers, to ensure that the teachers understand the concept of financial and economic education, so they can teach them to their students. The 3rd Student Competition for the Research of Financial and Economic Themes was held for students in several

educational establishments. This year’s theme was “The Importance of Family Remittances in the Guatemalan Economy”. The objective was to facilitate the understanding of economic and financial processes related directly to our everyday lives. In doing this, students could develop the practical resources to learn to make better economic decisions and strengthen their knowledge regarding the Central Bank of Guatemala and the other participating institutions.

ACHIEVEMENTS • During Global Money Week, 7,850 children, or 0.05% of the total population, was reached directly, through 28 events and 30 activities. • The Central Bank of Guatemala reached 56,000 people indirectly, which is 0.34% of the total population. JUDGES’ THOUGHTS Guatemala had an innovative approach to Global Money Week 2018. Multiple interactive activities and games were organized for children and youth, creating much enthusiasm for all ages.

Global Money Week Award |

Paraguay | Americas & The Caribbean Lead organization: Central Bank of Paraguay Partners: Ministry of Education and Sciences; the National Financial Inclusion Strategy; the Superintendent of Banks; the Superintendent of Insurance; Bancard; Itaú Bank; Citibank Paraguay; Equifax; Financiera el Comercio (FIELCO); Principios de Vida Foundation; Paraguay Foundation; Amcham Foundation; National Consumers Protection Agency (SEDECO); TIGO Money recommendations on how to make better use of financial instruments and money. The goal was to ignite the interest of children and youth on topics related to economics, finance, and money. Paraguay Foundation, FIELCO, and Tigo, collaborated and carried out a special project, providing saving accounts for more than 700 indigenous families. The accounts can be accessed remotely through mobile phones. Furthermore, workshops, trainings, games, conferences, and Selfie Challenges were organized all across Paraguay.

INTRODUCTION The Central Bank of Paraguay, in the presence of children, public authorities, and executives from banks, cooperatives, and insurance companies, jointly launched global Money Week 2018 and the Economic and Financial Education Fair, called “Mas Vale Saber – Educación de Bolsillo” (“More Worth Knowing – Pocket Education.”)

AN OUTSTANDING APPROACH Participating organizations distributed booklets with information related to how to prepare a budget, how to avoid debt, and the importance of insurance. The National Strategy, in collaboration with Principios de Vida Foundation, organized a conference in the Central Bank. Social media played an important role in GMW2018. The participating organizations published their activities online daily and gave

ACHIEVEMENTS • During Global Money Week 2018, the Central Bank, together with its partners, directly reached 2,700 children, or 0.04% of the population, through 3 events and 20 activities. • Through social media, 332,000 people were reached indirectly, which is 4.79% of the total population. JUDGES’ THOUGHTS Paraguay was recognized for its intimate events for children of all ages. Additionally, it was lauded for its use of social media, igniting children’s interests in financial topics.

| Global Money Week Award

Peru | Americas & The Caribbean Lead organization: Superintendency of Banking Insurance and Private Pensions Funds (SBS); Ministry of Education (MINEDU) Partners: Congress of the Republic of Peru; Ministry of Development and Social Inclusion; Central Bank of Reserves Peru; Central Bank of Reserves Peru Museum; National Institute of the Defense of Competition and Intellectual Property Protection (INDECOPI); National Superintendence of Sanitation Services (SUNASS); COFIDE; PRONABEC; Supervisory Organization for Investment in Energy and Mining (OSINERGMIN); Cooperation Fund for Social Development (FONCODES); Plan International; World Vision Peru; Citibank; Scotiabank savings, based on surveys and focus groups performed in 2017. The results of this study will allow policy makers and the industry to create policies and strategies to better serve citizens at different stages in life. Financial tours were organized in different regions, making it possible for students to learn about how financial institutions and regulatory agencies work. Additionally, these tours gave them the opportunity to interact with the officers of these institutions and ask questions regarding financial education matters.

INTRODUCTION In Peru, Global Money Week, translated in Spanish as “Semana Mundial del Ahorro” (SMA), was celebrated with great enthusiasm across the country. In line with the National Plan of Financial Education of the National Strategy of Financial Inclusion, the Superintendency of Banking, Insurance and Private Pension Funds (SBS), and the Ministry of Education (MINEDU) coordinated all efforts to promote financial education for children, youth, and their families. AN OUTSTANDING APPROACH The SMA was launched by the President of the SBS and the MINEDU in the Congress of the Republic. The goal was to emphasize the importance of enhancing saving culture through financial education. During the ceremony, a student and a high school teacher gave a speech describing how financial education helped them reach their saving goals. Several stakeholders organized many activities, including workshops, educational fairs, financial tours, interviews, as well as media and 62

social media campaigns. All these activities were important to create awareness in the whole country. The SBS also established important alliances with school and local government libraries to promote financial literacy and reading habits for children and youth, by equipping them with financial literacy resources. During SMA, the SBS presented the results of a study on long-term

ACHIEVEMENTS • The Superintendency of Banking Insurance, Private Pensions Funds (SBS), and the Ministry of Education (MINEDU) reached 27,092 children directly, which is 0.09% of the total population, through 5 events and 388 activities. • 5,489,155 people were reached indirectly during GMW2018, which is 17.28% of the total population. JUDGES’ THOUGHTS Peru was praised for its major growth this year, reaching more than triple the number of children they reached in previous years.

Global Money Week Award |

Bangladesh | Asia & The Pacific Lead organizations: Bangladesh Bank (Central Bank); Bangladesh Skill Development Institute; Daffodil International University Partners: Bangladesh Bank; First Security Islamic Bank Limited; National Housing & Finance Limited; ACCA; ADRID; British Council; BUILD Bangladesh Foundation; D-Engineers Club Chittagong; Member organizations of EMK Centers; Banga Bandhu Memorial Trust; BSRM; Coopers; DHL Bangladesh; Mohammadi Group; Super Star Group

INTRODUCTION Bangladesh Bank, the Bangladesh Skill Development Institute (BSDI), and Daffodil International University (DIU) organized yet another Global Money Week. This year was the largest celebration yet, reaching the highest number of children, both directly and indirectly. AN OUTSTANDING APPROACH As in previous years, a variety of activities were organized in Bangladesh, including policy dialogues to promote financial literacy. This year, a national conference, Youth Talk, was coordinated to encourage the younger generation to learn about money matters. The multiple events organized included a debate program aired on TV to promote GMW, an interactive Brain Game, and game competitions. The media gave great support this year, announcing GMW2018 to young listeners through radio broadcasts and allowing the DIU to cover eight districts indirectly. DIU also livestreamed policy dialogues on Facebook to reach audiences around

the country. The DIU hosted a Q&A session for banks and financial organizations, which offer child and youth friendly products, to help them address their problems in getting young people to sign up for their Child Saving Services. The DIU added a new message to saving this year,

promoting saving in respect to climate change issues. Focusing on the theme of “Plant a Tree and Save the Earth”, each guest who attended the GMW2018 event received a plant. During the Week, the Ye! Community brought forward young entrepreneurs from different regions to pitch their startups.

ACHIEVEMENTS • The Bangladesh Bank (Central Bank), Bangladesh Skill Development Institute and Daffodil International University reached 250,000 children directly, which is 0.15% of the total population, through 10 events and 20 activities. • Throughout Global Money Week 1,200,000 people were reached indirectly, or 0.74% of the total population. JUDGES’ THOUGHTS Bangladesh was recognized for its continuous good work every year. Additionally, the country opened up a dialogue between financial organizations, banks, and the public, to create effective policy changes.

| Global Money Week Award

Bhutan | Asia & The Pacific Lead organization: Royal Monetary Authority of Bhutan Partners: Ministry of Education (MOE); Ministry of Agriculture and Forest (MOAF); Ministry of Labor and Human Resources (MOLHR); Bank of Bhutan Limited (BOBL); Bhutan Association of Women Entrepreneurs (BAOWE); Bhutan Development Bank Limited (BDBL); Bhutan Insurance Limited (BIL); T-Bank; Bhutan National Bank (BNB); Credit Information Bureau (CIB); Druk Punjab National Bank (DPNB); Financial Institution Training Institute (FITI); National Pension and Provident Fund (NPPF); Renew Empower Nurture Educate Women (RENEW); Royal Insurance Corporation of Bhutan Limited (RICBL); Royal Securities Exchange of Bhutan Limited (RSEBL); Rural Enterprise Development Corporation (REDCL); Rural Education and Development (READ); Youth Development Fund (YDF); Rigsum Institute of IT and Management

INTRODUCTION GMW2018 is considered a platform for enhancing youth financial education and inclusion in Bhutan. The Royal Monetary Authority (RMA) spearheaded all GMW2018 activities in coordination with several financial institutions, NGOs, government agencies, schools, and other stakeholders. AN OUTSTANDING APPROACH During the GMW2018 opening event, important initiatives, such as Financial Literacy School Curriculum and Youth Ethics Banking, were launched. The School Curriculum will be further incorporated by the Ministry of Education and implemented into schools throughout the country. A panel discussion was organized to facilitate future collaboration between the media sector and education organizations to support financial literacy throughout the 64

country. Financial institutions set up thematic talks for various educational and vocational institutions. Students from various schools had the opportunity to visit banks, including the Central Bank, to learn more about their missions. The RMA also organized fun activities on financial literacy, including mascot-coloring sessions, crafting money boxes, and an essay competition on the GMW2018 theme ‘Money Matters Matter’. Across the country, mass bank account opening sessions were initiated in numerous schools for grade 11 and above. In addition, young entrepreneurs were given the opportunity to pitch their business ideas to gain funding from the Priority Sector Lending. GMW2018 increased and improved participants’ knowledge and skills in financial literacy and Bhutanese children and youth are already looking forward to the next edition of GMW. The Youth Ethics

Banking (YE Banking) prize was awarded to four participants in a pilot program and will be replicated in many schools during GMW2019.

ACHIEVEMENTS • During GMW2018, 30,000 children were reached directly, which Is 3.76% of the total population of Bhutan, through 9 events and 57 activities. • 160,000 people, or 20.06% of the total population, were reached indirectly. • Global Money Week provided the Royal Monetary Authority with the opportunity to launch two new initiatives: Financial Literacy School Curriculum and Youth Ethics Banking. JUDGES’ THOUGHTS Bhutan was praised for its extensive reach to children and youth in the country and for launching important initiatives such as the Financial Literacy School Curriculum and Youth Ethics Banking.

Global Money Week Award |

Brunei Darussalam | Asia & The Pacific Lead organizations: Ministry of Education, Autoriti Monetari Brunei Darussalam (AMBD) Partners: Curriculum Development Department or the Ministry of Education; Brunei Association of Banks (Bank Islam Brunei Darussalam; Baiduri Bank and Perbadanan Tabung Amanah Islam Brunei; Standard Chartered); Brunei Insurance Takaful Associations – Takaful Brunei and Insurance Islam (TAIB); Financial Planning Association Brunei Darussalam this activity, the pupils connected with a school in Singapore to share their findings. The activities helped to familiarize students with the concept of a different purchasing power for each country. Other events organized included a Banner Making Competition and a Financial Explorace, where the students were asked to answer questions related to financial education awareness, such as savings, investment risk, insurance need, and retirement savings.

ACHIEVEMENTS • Throughout GMW2018, 491 children were reached directly, which is 0.12% of the total population, through 3 events and 12 activities. • 333,915 people were reached indirectly, which is 78.90% of the total population. INTRODUCTION Global Money Week continues to be celebrated in Brunei Darussalam. Activities and competitions, primarily geared towards students of primary and secondary schools, were arranged and organized by the Curriculum Development Department of the Ministry of Education, in collaboration with Autoriti Monetari Brunei Darussalam (AMBD).

processes and the impact these decisions have in practice. In accordance with the GMW theme “Money Matters Matter”, a class activity “What I Can Buy With $5” was carried out. In this activity students explored what they could buy with BND$5 and exchanged this information with their friends. After

JUDGES’ THOUGHTS Brunei Darussalam has been commended for its playful approach. Many activities were organized, including ones which established international contact between students and events strengthening the relation between the people and the government.

AN OUTSTANDING APPROACH GMW was packed with many different events, such as visits to the currency gallery, AMBD, and financial institutions, including banks and insurance companies. During the visits, students had the opportunity to listen to financial education talks and join financial education-based activities. One of the important lessons they learned was how to recognize the difference between ‘needs’ and ‘wants’ to guide them in making wise financial decisions. Additionally, the children were able to observe the working of banks and financial institutions. Visits to Legislative Council meetings were also organized, for students to develop an understanding on policy-making 65

| Global Money Week Award

Belarus | Europe & Central Asia Lead organization: National Bank of the Republic of Belarus Partners: Ministry of Education; Ministry of Finance; Ministry of Economy; Ministry of Labor and Social Protection; Ministry of Taxes and Duties; Ministry of Trade; Ministry of Information; local authorities; 26 banks; credit unions, and leasing companies; insurance companies; Association of Banks; Association of Insurance Companies; Association of Professional Participants in the Securities Market; Union of Microfinance Institutions; Republican Microfinance Center; National Academy of Sciences of the Republic of Belarus; Belarusian Republican Youth Union; State Palace of Children and Youth; 42 universities; 3038 schools; 20 media outlets employees from the National Bank visited schools and gave financial literacy lessons. Some students also had the opportunity to partake in excursions to the Belarusian Currency and Stock Exchange, as well as to commercial banks, which provided seminars and lectures for young people all around the country. Activities were organized in all regions of the Republic of Belarus and many were covered by mass media.

INTRODUCTION Under the leadership of the National Bank of the Republic of Belarus, GMW was once again celebrated throughout the country, reaching 500,000 children and youth, with involvement from the government, as well as public, private, and civil society sectors. AN OUTSTANDING APPROACH During GMW2018, the National Bank organized and facilitated several financial literacy activities. A group of schoolchildren went to the JSC Belarusian Currency and Stock Exchange and rang the bell to open both the trading session and the GMW2018 celebration in Belarus. Afterwards, children attended a financial literacy lesson given by experts of the Belarusian Currency and Stock Exchange. The National Bank ran a videoblogging competition on the theme of “Money Matters Matter”. The winners were rewarded at the National Bank of the Republic of Belarus. Additionally, various stakeholders 66

organized a variety of activities across Belarus for children and young people of all ages. Some of these activities included interactive games, such as “Financial Football” for students in higher education, screenings of financial education cartoons for kindergarteners, and workshops in schools. Throughout the Week,

ACHIEVEMENTS • 500,000 children were directly reached during GMW in Belarus, which is 5.26% of the total population, through 3,000 events and 1,828 activities. • 11.05% of the population, or 1,050,000 people, were indirectly reached. JUDGES’ THOUGHTS Belarus was recognized for its great outreach to children and youth and the amount of events organized. Additionally, Belarus was praised for the many participating organizations that were incentivized to participate.

Global Money Week Award |

Belgium | Europe & Central Asia Lead organizations: Financial Services and Markets Authority (FSMA) Partners: Wikifin.be; De Tijd; L’Echo; Bel RTL; Radio 2; National Social Security Office; FOD Economy; FPS Finance; The National Bank of Belgium; Febelfin; Assuralia; Credit and Indebtedness Observatory; Support Centre for Debt Mediation Services for The Brussels Capital Region; Gezinsbond; Cebud; BudgetInzicht; GAS Lux; Brocom; VOKA; Markant; SAM; Créno; Médénam; GILS; CAW; Netwerk Basiseducatie; European Consumer Centre Belgium; OCMW Laarne; 1800 schools

INTRODUCTION The Financial Services and Markets Authority (FSMA) once again led the GMW in Belgium. Events and activities were held across the country to raise awareness on money matters among children and youth, with a special focus on financial education. Students from all grades participated in financial games and visited info markets to increase their knowledge on financial matters. Thanks to the participation of media, a greater audience was reached during the Week. AN OUTSTANDING APPROACH FSMA and Wikifin.be organized multiple events for Global Money Week in Belgium. The goal was to open up the conversation about money matters and draw special attention to the importance of financial education. 70,000 children between the ages of 7 and 12 learned how to manage a budget by participating in two games “budg€tPRET/Gère tes pépètes” and “Just’in Budget”. For secondary schools, Wikifin.be organized two games (a challenge and a quiz) to learn and talk about money.

Wikifin.be organized info markets in 4 areas of Belgium, where children could ask questions about money and to create real-life examples, to raise awareness on money matters. More than 2,500 students visited the info markets to follow an “educational trail” guided by an online application. Wikifin.be conducted a survey, “Your credit, worth considering”, the results of which made money matters the subject of an even wider national

conversation. Her Majesty the Queen was invited by Wikifin.be to debate with several organizations. Together with Radio 2 and Bel RTL, Wikifin.be organized two radio shows, so that discussions on money matters would reach a large audience during the week. By releasing such materials, Wikifin.be ensured that financial education in Belgium would have a long-term impact.

ACHIEVEMENTS • Throughout GMW, 77,500 children were directly reached (0.68% of the total population), by organizing 50 events and 4,000 activities. • 1,300,000 people, which is 11.47% of the total population of Belgium, were reached indirectly. JUDGES’ THOUGHTS Belgium was commended for the great activities that were organized in the country. The fact that the Her Majesty the Queen participated in the events, led to the event receiving a great amount of attention.

| Global Money Week Award

Hungary | Europe & Central Asia Lead organizations: Ministry of Human Capacities; Ministry for National Economy; Money Compass Partners: Budapest Stock Exchange Ltd; Budapest Bank; CIB Intesa Sanpaolo; ERSTE Bank Hungary Zrt; FHB; Fundamenta Lakáskassza; K&H; MagNet Magyar Közösségi Bank; Magyar Cetelem Bank; BNP Paribas Personal Finance; Magyar Fejlesztési Bank; Magyar Takarékszövetkezeti Bank; MKB Bank Zrt; OTP Bank; Raiffeisen Bank Zrt; UniCredit Bank Hungary Zrt; OTP Fáy Foundation; Magyar Közgazdasági Társaság; 76 corporate companies; 16 media companies; University of Miskolc, 1,262 schools Exchange itself. The PontVelem Kft organized the BanVelem competition, centered around the theme of finance. The best nine teams will compete in the finals in front of a prestigious jury. The winners will be rewarded with the PénzOkos Cup in 2018. University students had the opportunity to participate in an all-day professional program in addition to a conference at the University of Miskolc.

INTRODUCTION The number of participants in Hungary’s GMW celebrations significantly increased since GMW2017. The mission of this year’s GMW was to raise awareness on financial literacy, encourage young people to handle their financial affairs more consciously, and increase familiarity of economic and financial systems. Since the pilot was launched in 2015, more and more students, teachers, and schools have learned about the event and, based on feedback, the campaign’s visibility and recognition is increasing. AN OUTSTANDING APPROACH Hungary’s GMW2018 Opening Ceremony was held at the Ministry for National Economy. In addition to the speeches delivered by the organizers, a performance by young students was also part of the program. During the Week, more than 200,000 students attended almost 14,700 classes on smart borrowing and entrepreneurship. Much of the content was converted into digital form, making the short videos, e-learning materials, and webinars available to even more students and teachers. Volunteers from banks and enterprises attended the lessons to 68

offer experience examples to the students. In addition to the classroom-based events, several additional events were held throughout the Week. An online stock exchange game, designed in cooperation with the Budapest Stock Exchange, introduced students to the secrets of the stock exchange. A select group of students also had the opportunity to visit the Stock

ACHIEVEMENTS • 10 events and more than 15,000 activities were conducted throughout GMW in Hungary, reaching directly 218,000 children and youth, which is 2.22% of the total population. • 500,000 people were indirectly reached, representing 5.09% of the total population. JUDGES’ THOUGHTS A significant number of young people were reached during GMW2018 with innovative activities and an impressive number of participating organizations involved. Hungary was very innovative, encouraging young people to get a handle on their affairs, capturing the essence of GMW.

Global Money Week Award |

The Netherlands | Europe & Central Asia Lead organization: Money Wise Platform; Ministry of Finance; Dutch Central Bank (DNB); Dutch Bankers Association; Dutch Association of Insurers Partners: Ministry of Social Affairs and Employment; Dutch Authority for the Financial Markets (AFM); Algemene Rekenkamer; ABN-Amro Bank; ASN-Bank; BNG-Bank; Credit Europe Bank; Deutsche Bank; Friesland Bank; ING-Bank; Koninklijke Nederlandse Munt; Kredietbank Limburg; Kredietbank Nederland; Kredietbank West-Brabant; NIBC; NWB Bank; Rabobank; Regiobank; SNS Bank; Stadsbank Apeldoorn; Staalbankiers; InsingerGilissen; Triodos Bank; Van Lanschot; De Volksbank; Volkskredietbank Noord-Oost Groningen; GKB; Aflatoun International; Child & Youth Finance International; Delta Lloyd; 2750 schools The central theme of this year’s Week van het Geld was: “When are you rich?”. This theme was chosen to stimulate conversations about money between children and their parents and teachers, and between children themselves in class. The Money Wise Platform organized a special national Mindmap-contest and asked classes to send in their poster with their personal thoughts on the theme. More than 5,600 guest lectures, activities, and workshops on money management were given to primary schools in the Netherlands by staff members from banks, insurance companies, and municipalities. In addition, all primary schools and public spaces, such as libraries, received a special “Week van het Geld Krant”– a financial education newspaper.

INTRODUCTION During the Week, partners of the Money Wise Platform organized activities for pupils in primary and secondary schools to learn how to manage money. “Week van het Geld” is an initiative of the Dutch platform ‘Wijzer in Geldzaken’ (The Money Wise Platform). During this week, the main focus for elementary schools across the Netherlands was “learning how to handle money”. By making children financially aware at an early age, the foundation aims to create financial independence in adulthood. AN OUTSTANDING APPROACH The 2018 Week van het Geld celebrations had a festive start in the Koninklijke Schouwburg in The Hague on the 12th of March. H.M. Queen Máxima of the Netherlands opened and conducted

the opening ceremony together with the Minister of Education and pupils of a local school. After the opening, the pupils of 15 classes from De Fontein received lessons from top executives of the Dutch Banking Association, the Association of Insurers, and the Dutch Central Bank. Nibud organized a special workshop for parents. On the 15th of March, the Minister of Finance gave a press conference directed at pupils throughout the Netherlands. During the Week, a TV-program for kids between 8-12 years old was broadcasted every day, with a final show on Saturday the 17th. The program, named ‘De Grote Geldshow’ (The Big Moneyshow), introduced the 4 ‘money-types’ and pointed out the different qualities and behaviors that go with these money types.

ACHIEVEMENTS • 500,000 children and youth (2.92% of the total population) were directly reached through 300 events and 10,000 activities during GMW. • The Week reached indirectly 1,350,000 people (7.88% of the total population). • 600,000 copies of the financial education newspaper were sent out to all primary schools in the Netherlands. • In total, about 200 organizations were active during Week van het Geld, next to the 2,750 schools that participated. JUDGES’ THOUGHTS The Netherlands has been consistent in their outreach to children, reaching an amazing amount of children each year, through the many innovative events. The jury praised the number of participating organizations and the fact that every single day was packed with multiple events.

| Global Money Week Award

Russian Federation | Europe & Central Asia Lead organizations: Ministry of Finance of the Russian Federation Partners: National Center of Financial Literacy; SPN Communications; Alfa Bank; Pochta Bank; Kuban Credit Bank; Centre-In Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing; Central Bank of Russian Federation vest Bank; Finservice Bank; Zapsibcom Bank; Financial Portal “Foxford.ru”; Sberbank; Financial Health; Svyaz Bank; ERGO; Home Credit Bank; PPF Life Insurance; VISA; FINAM; National Research University (Higher School of Economics); Moscow State University; Masterslavl; Agency for Strategic Initiatives; KFC; Regional Centers for Financial Literacy (Altai, Tomsk, Arkhangelsk, Volgo-grad, Kaliningrad, Krasnodar, Stavropol, Saratov, Kazan); 13 media organizations; 4 universities; 8020 schools finance throughout the country. At the moment, more than 11 thousand people have responded to the survey. For parents, in addition to regular parental meetings on educational institutions and financial family games, an all-Russian parental meeting was held in an online format for the first time, in which over 1.2 million people took part, with the participation of the general partner of the Week - the VISA payment system.

INTRODUCTION The 4th All-Russian Financial Literacy Week for Children and Youth and GMW2018 were organized together. During this period, more than 25,000 events took place in 85 regions of the country, in which over 2,500,000 people took part. A vast array of activities was organized, including: quests, online broadcasts, video studios, video lessons, quizzes, and competitions. AN OUTSTANDING APPROACH The opening of the Week was organized with a quiz in 10 regions and a “Finball” tournament took place at the Moscow Palace of Pioneers. In addition to traditional lessons and games, new quests were offered to children exclusively. These took place on an especially developed online portal, which gathered participants from 50 regions of the country. Furthermore, physical city quests were organized in 3 cities (Moscow, St. Petersburg and Kaliningrad), which were attended by more than 300 children. Students actively took part in the traditional essay contest, as well as in a creative drawing contest of a financially competent character, who 70

could appear in the popular children’s Russian cartoon series “The ABC of financial literacy with Smeshariki”. There was also a rap contest, where students were asked to create a rap on the topic of financial literacy. Especially popular during the Week were various excursions to local businesses, banks, and financial organizations. More than 160 excursions were conducted for school groups. For the first time in the framework of the project, Foxford, Sberbank and NAFI jointly launched a special poll. The survey results will make it possible to set up an information section in the field of

ACHIEVEMENTS • 8 events and 25,000 activities were conducted throughout the country, reaching 915,000 children and youth directly (0.63% of the total population). • The information campaign as a whole covered more than 22.4 million people (15.54% of the total population), including mails from partners (2.7 million recipients), posts on social networks (2.4 million people), and distribution of information booklets, brochures, newspapers and leaflets – 335,000 copies. Over 3 thousand publications were published in the media. JUDGES’ THOUGHTS Russia made a remarkable effort this year with many young people being engaged in Global Money Week activities. The program was diverse and involves both online and offline activities. Celebrations were energetic and broad-based.

Global Money Week Award |

Egypt | Middle East & North Africa Lead organization: Egyptian Banking Institute (EBI) Partners: Ministry of Education; Ministry of Finance; Ministry of Youth and Sports; Ministry of Higher Education; Banque Misr; Central Bank of Egypt; Alexandria Bank; Banque du Caire; Qatar National Bank; Arab African International Bank; Alfatoun International; Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ); Pride Capital; Jupiter PR Agency; Technology Innovation Commercialization Offices (TICO); Noqood Financial Platform; Social Fund for Development; National Council for Women; 360 Solutions; Injaz; Plan International; UNDP; ILO; Noqood Smart Solutions Company; 29 Universities; 417 schools; 2 media organizations; 12 research institutes

INTRODUCTION Throughout GMW 2018, EBI has worked with the other participating organizations to help raise awareness through financial education sessions, games, and competitions across 27 governorates. This year, GMW has witnessed several changes in Egypt, including starting the Week on 12th March and extending its duration to 30th April (Arabic Day for Financial Inclusion), and shifting its strategy, relying to a great extent on the digital dissemination of financial literacy awareness. AN OUTSTANDING APPROACH The partnership between EBI and Noqood Smart Solutions Company to provide its online Financial Service Application contributed to making financial education easily accessible to more than 5 million mobile users, as well as widening the impact of financial literacy awareness to go past GMW. The Central Bank of Egypt organized the Seamless Conference to raise awareness on FinTech, e-payment, and e-commerce. A pitch-off for 6 financial startups was organized, to connect participants with banks to develop their investment ideas. This year, EBI has launched an online Facebook financial literacy campaign to make financial literacy go digital by posting definitions of financial terms and content throughout the duration of GMW. The contribution of banks was remarkable since it did not stop at providing financial contribution, but they also offered to participate in a variety of activities such as: bank visits, providing awareness sessions to students, presenting giveaways and publications, awarding competition winners, and offering friendly financial products for youth and children, such as prepaid cards. During GMW, collaboration took place with the Ministry of Youth and Sports

to provide teacher training sessions and financial literacy sessions, on topics such as budgeting, saving, investment, and entrepreneurship. This cooperation was also supported by radio and television shows to widen the scope and disseminate awareness effectively. The Egyptian Banking Simulation Model, in partnership with the Faculty of Economics and Political Science, played an important part in the activities by organizing awareness campaigns and competitions. EBI also capitalized the scope of financial literacy projects to include wider reach of children and youth through a new phase of the SchoolBank Project with Nile Schools, in addition to targeting women through providing financial literacy to facilitators.

financial education to a wider audience.

JUDGES’ THOUGHTS After a consistently large impact, Egypt was recognized for the changes that were made to make the Week more meaningful. Egypt has worked with innovative approaches and implemented an impressive range of activities.

ACHIEVEMENTS • GMW2018 in Egypt reached directly 1,400,000 children and youth, which is 1.46% of the total population, through 19 events and 105,358 activities. • 22,400,000 people were reached indirectly, representing 23.41% of the total population. • GMW strategy in Egypt shifted to rely on digital tools to disseminate 71

| Global Money Week Award

Libya | Middle East & North Africa Lead organization: Central Bank of Libya, Ministry of Education Partners: Katoa for Charity Organizations; National Commission for Education, Culture and Science; Benghazi Economic Capital Development Organizations; General Commissioner for Scouts and Guides; JS Libyan Red Crescent; Higher College for Administrative and Financial Careers; Higher College Overall Occupations; Higher College for Comprehensive Careers for Girls Benghazi; Magazine Habaka; Libyana Mobile Phone Company; Almadar Aljadid Company; Afriqiyah Company; Libyan Airlines Company; Al Bayda Teaching Hospital; Libyan International Medical Sciences University (LIMU); 5 universities; 699 schools; deaf & mute schools

INTRODUCTION For Libya’s second participation in GMW, both the Central Bank and the Ministry of Education organized a wide variety of events and activities across the country to engage children and youth in financial literacy, with higher outreach and a wider audience. AN OUTSTANDING APPROACH Throughout the Global Money Week 2018, Libya reached over 300,000 children and youth through visits to schools and universities. During GMW2018, financial literacy awareness sessions were offered to children, youth, and adults, including sessions on savings and investment. High-level discussions, seminars, and other educational sessions were organized in schools, stadiums, clubs, and hospitals. Throughout the Week, young people were able to distribute financial education products to all different age groups. Furthermore, university students had the opportunity to attend workshops on financial education. At the end of the Week, additional financial literacy awareness sessions were held for teachers and university faculty members. ACHIEVEMENTS • Through GMW events and activities in Libya, 311,000 children and youth (4.94% of the total population) were reached directly. • 32,000 people (0.51% of the total population) were reached indirectly during GMW2018. JUDGES’ THOUGHTS Libya was recognized for their wide range of events and diverse group of people. This year, Libya’s events reached out to a great number of vulnerable youth.

Global Money Week Award |

Morroco | Middle East & North Africa Lead organization: Moroccan Foundation for Financial Education (FMEF) Partners: Ministry of National Education (Higher Education) Vocational Training and Scientific Research; Ministry of Tourism, Air Transport, Crafts and Social Economy; Central Bank of Morocco (Bank Al Marghib); Moroccan Capital Markets Authority; Supervisory Authority for Insurance and Social Welfare; Monetary Museum; Dar As-Sikkah; Professional Group of Banks of Morocco; Moroccan Federation of Insurance and Reinsurance Companies; Casablanca Stock Exchange; Office of Vocational Training and Work Promotion

INTRODUCTION Morocco celebrated the 7th edition of Global Money Week, also known as “Journées de la Finance pour les Enfants et Les Jeunes au Maroc”. As every year, the Moroccan Foundation for Financial Education initiated and managed the Week in Morocco. All stakeholders throughout every region of the Kingdom were highly involved in this year’s celebrations. The Week revolved around creating gender equality and rural-urban equality, as well as equality for children with specific needs. AN OUTSTANDING APPROACH The program included visits to branches of the Central Bank, other banking and insurance institutions, the Money Museum, the Casablanca Stock Exchange, and the Dar As-Sikkah, producer of Moroccan currency. This year was the first year that FMEF initiated awareness sessions on financial education with the Authority of Insurance Supervisory and Social Protection and the Moroccan Capital Market Authority. Each organization invited high school students for presentations. FMEF published financial education contents on multiple social media platforms, including a quiz on financial topics. Additionally, booklets were published for different age groups in both Arabic and French. The booklets simplified themes such as budgeting, income, expenses, savings, credit, means of payment, stock exchanges, and financial institutions. Other events included awareness sessions for children with special needs, integration of students from vocational training centers, and the launch of a mobile app, “MIZANIYATI”, which broadcasts financial education content to Moroccan citizens.

ACHIEVEMENTS • 250,000 children and youth (0.71% of the total population) benefited from the 14 events and 5,910 activities that were held in Morocco during GMW2018. • 3,500,000 people were indirectly reached, which is 9.92% of the total population. • The mobile App “MYZANIYATI”, which broadcasts financial literacy

content, was launched during GMW2018.

JUDGES’ THOUGHTS Morocco has shown consistency, reaching an impressive number of children and involving several participating organization. This year, Morocco has implemented a remarkable range of activities.

| Global Money Week Award

Palestine | Middle East & North Africa Lead organization: Palestine Monetary Authority (PMA) Partners: Ministry of Education; Association of Banks; Palestine Deposit Insurance Corporation; United Nations Relief and Works Agency (UNRWA); Palestinian Network for Small and Micro Finance; Bank of Jordan; Arab Bank; Jordan Kuwait Bank; Housing Bank; Palestine Investment Banks; Egyptian Arab Land Bank; Palestine Islamic Bank; Bank Of Palestine; Arab Islamic Bank; Cairo Amman Bank; Safa Bank; Quds Bank; Jordan Ahli Bank; Jordan Commercial Bank; National Bank; Al Ebdaa; Asala for Credit and Development; ACAD Fiannce; Reef; Palestine Banking Corporation; VITAS; Faten; 1425 schools operations and services. Virtual bank branches were created in the Convention Palace in Bethlehem and in the Lite House in Gaza. Each bank branch in Palestine (15 in total) represented a banking or MFI service. The virtual branches were equipped with materials to demonstrate the services offered. For example, an ATM was installed to enable children to try and use debit cards. Visitors had the opportunity to participate in a competition to win $100 in their savings account. In addition to receiving the public, the Ministry of Education scheduled visits to 2,000 West Bank and Gaza.

INTRODUCTION For its 6th participation in GMW, the Palestine Monetary Authority again led the celebration throughout the country, incentivizing stakeholders from the financial sector to deliver awareness lessons to students, explain banking products, and show the work of banks and MFIs to children and youth. AN OUTSTANDING APPROACH A kick-off event for GMW was held, followed by a press conference in the Convention Palace in Bethlehem. The event was attended by stakeholders from the PMA, Ministry of Education, Association of Banks, Palestinian Network for Small and Micro Finance, Palestine Deposit Insurance Corporation, UNRWA, banks, and MFIs. During the Week, a team consisting of around 800 employees from the PMA, banks, and MFI’s visited 1,425 schools across Palestine to deliver lectures on financial terms and banking services as well as screen financial awareness movies on banking. 143,000 copies of a unified brochure, which included basic banking and financial 74

information, were distributed to school students. Additionally, pre- and post-event questionnaires were distributed to a sample of 2,000 students in order to measure and assess the knowledge enhancement and enrichment amongst the school students. 400 banks and MFI branches were decorated to attract the attention of children and youth. The staff members were allocated an hour each day throughout the Week to receive children, youth, and parents, and educate them on different banking

ACHIEVEMENTS • 4 events and 3,606 activities were held during GMW in Palestine, reaching 103,870 children and youth directly (1.22% of the total population). • 167,500 people were indirectly reached, which is 1.96% of the total population. JUDGES’ THOUGHTS Palestine was recognized for its outstanding performance during Global Money Week. The activities that took place reached significant numbers of children and were supported by several financial institutions.

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❹ Outstanding Youth Economic Citizenship Award GLOBAL FINALISTS • Edgard Edmund, Tanzania Green Venture Recycles • Georgia Billings, Australia Winged Warriors • Ilinca Avram and Georgiana Mois, Romania Chess the Community • Jose Adolfo Quisocala Condor, Peru Education in Financial Inclusion for Children and Young People with Social and Environmental Responsibility • Trinity Donohugh, United Kingdom GirlsforCS • Yousef Mahmoud Gilany, Egypt Tutorials for studying in U.S. and Canada

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| Outstanding Youth Economic Citizenship Award

Edgar Edmund Startup Name: Green Venture Recycles | Country: Tanzania | Age: 17 Partners/ Team: Youth from the community; local schools

INTRODUCTION After witnessing how plastic waste contributed to environmental issues in his area, Edgar decided to solve this problem. He founded Green Venture Recycles, a recycling company that turns waste plastics into cheap durable building materials, such as roof tiles and paving blocks, making it affordable to most Tanzanians. The company aims to help people build houses and to promote environmental sustainability. AN OUTSTANDING APPROACH Edgar embodies social entrepreneurship. He has created his own machine that converts plastic waste to coating blocks, bricks and other useful products. Since melting plastic creates toxic gases, he has also designed a filter to capture these substances and managed to achieve an entirely sustainable production process. Edgar’s company is a good example of how to combine climate responsibility, whilst at the same time contributing to a positive development for himself, but also for society in general. Green Venture Recycles is planning to expand its initiative beyond the borders of Tanzania and implement it in different parts of Africa, creating more jobs, training more students, and thus building a sustainable environment.

ACHIEVEMENTS • So far, Edgar’s company has recycled more than 1.2 million plastic bags, a total of 20,000 kilos of plastic, which would otherwise have ended up in nature. • Green Venture Recycles employs 5 people to create bricks and over 100 people a day collect plastic for his company. He has trained more than 4,000 students through environmental campaigns at schools all over the city of Arusha in Tanzania.

• 3 companies are currently willing to help Edgar expand his company in Tanzania and other African countries after he graduates.

JUDGES’ THOUGHTS The Green Venture Recycles is an impressive project, solving an urgent need whilst helping the community in job creation. By creating inexpensive building materials, the project is innovative and sustainable, offering the prospect of further expansion in the future.

Outstanding Youth Economic Citizenship Award |

Georgia Billings Program Name: Winged Warriors | Country: Australia | Age: 17 Partners: EveryDay Hero; Danielle Coluccio (Community Events Officer at the Cancer Council of Victoria); Warrnambool community; Brauer College; local businesses

INTRODUCTION The Winged Warriors Project was launched at Brauer College and was set out to raise much needed funds for the Cancer Council of Victoria. Georgia Billings held many little fundraisers like family days, raffles, auctions, or goodies sale, and she donated her hair to Louis Barnet and Sons Wig Makers. She then decided to create a Winged Warriors Relay 4 Life Team to continue the fight against cancer, by favoring research, prevention, and support services. AN OUTSTANDING APPROACH Georgia Billings shows that commitment for a cause has no age. By holding fundraising events within her community, she managed not only to raise funds, but also to raise awareness amongst youth, and people in general, on cancer. Acting selflessly, she engaged the whole community in her project, from students to local businesses. The amount raised thus results from a collective effort and the fundraising activities will be replicated in the coming years, as Georgia will be in charge of the Relay for Life activities section, requiring her to organize activities for all age groups ranging from toddlers to the elderly. ACHIEVEMENTS • Georgia Billings managed to raise $21,315 in total for the Cancer Council of Victoria, reaching 2,000 children and youth through her fundraising events and activities. • She had over 120 businesses donate products and vouchers to Winged Warriors to help her raise funds. • She is now part of the Warrnambool Relay for Life Committee and received several awards for her commitment to help fight cancer. JUDGES’ THOUGHTS Winged Warriors was recognized as a very admirable initiative and a pioneering achievement. It seems to have achieved good results for the promotion of such a worthwhile cause. 79

| Outstanding Youth Economic Citizenship Award

Ilinca Avram & Georgiana Mois Program Name: Chess the Community | Country: Romania | Age: 15 & 16 Partners/ Team: Primary school, middle school, and high school students and teachers of Transylvania College; ClujNapoca City Hall; Nova International School students (Skopje, Macedonia) Business (advertisement and promotion; entrepreneurship), Economics (History of Money; budgets; saving; fundraising), Mathematics (chess exercises), Civics Education, Art (designing the logos and chess designs), IT (website to promote the project), etc. The project is clear evidence of the interdependency of financial education and other subjects, all of which resulted in an innovative outdoor space ready to be used by children, their parents, and elderly citizens from Gheorgheni neighborhood.

INTRODUCTION The Chess the Community project was promoted by a group of students and ended up as an Entrepreneurial Service Learning Project. During Global Money Week, students from kindergarten to high school were involved in various financial activities. The goal was to raise enough money to support the Chess the Community project- the construction of a Real Size Chess Board in the park outside the school, available to the entire community. Coordinated by Ilinca and Georgiana, Transylvania College students spread financial education connecting it with the chess project. Primary school students organized a Movie Day, selling popcorn, candies, and sodas, thus learning about spending patterns. Middle school students participated in Enterprise Day Competition and the winning team donated the profit to the project. High school students presented the History of Money to primary students. During the Chess Competition, participants had the chance to gain more time to think about their chess moves by answering various questions about the history of money.

AN OUTSTANDING APPROACH The project involved all students and teachers from the Transylvania College, from primary school to high school. They acted together with a common goal, shared their knowledge, and linked financial education and entrepreneurship to every step in the project. Pieces of different curricula were linked:

ACHIEVEMENTS • The project involved all 700 students from the Transylvania College, from primary school to high school. • Students and the community acted together with a common goal, shared their knowledge, and linked financial education and entrepreneurship to every step in the project. JUDGES’ THOUGHTS The initiative is a very innovative and well-crafted idea that has been implemented successfully. The Jury sees much potential for future developments.

Outstanding Youth Economic Citizenship Award |

Jose Adolfo Quisocala Condori Startup Name: Education in Financial Inclusion for Children and Young People with Social and Environmental Responsibility | Country: Peru | Age: 13 Partners: Local government of the provincial city of Arequipa; Thunderbird School of Global Management in the United States; Peace Corps Peru; Papelera Panamericana; Hotel Libertador de Arequipa; local financial institutions

INTRODUCTION Bartselana Student Bank, founded by Jose Adolfo Quisocala Condori, is the first cooperative bank in Peru for students and soon also for women. In the Student Bank, solid waste is the main currency for all financial operations and children make decisions for their economic future through their savings. Children and youth are being taught financial education and entrepreneurship for free; they learn about savings, finance, business, investment, microcredit, and more, in a practical and playful way. Four entities were created to support the project: • Green point, which is responsible for managing solid waste and for trainings in environmental issues. • Bodeguita Ecológica Solidaria, which sells basic necessities and small appliances, and deposits the profits generated by the sale into the buyer’s savings account. • School of financial education and entrepreneurship, which teaches children about financial topics in an experiential way. • School of youth business management, which consists of 12 free online courses certified by the Thunderbird School of Global Management in the United States.

AN OUTSTANDING APPROACH The initiative has a sustainable approach by addressing economic, social, and environmental issues. The bank seeks to solve the social problems of hunger and school dropout by promoting a culture of savings and empowering youth. This is done by using entrepreneurship trainings as fundamental tools to overcome poverty. Using solid waste as the main currency in the bank, children and youth are taught to care about the environment. The program involves speeches from banking specialists and civil society

organizations, workshops, and games to educate children and youth to become empowered economic citizens in a fun and innovative way.

ACHIEVEMENTS • The project has reached more than 8,400 children and youth, who have received financial education and environmental citizenship trainings and who have opened a savings account in the Student Bank. • This social initiative has received the “Social Technology” international certification by the Bank of Brazil and the World Bank, and has been recognized as a StartUp by the Government of Peru. • Jose Adolfo is considered to be the youngest bank manager in the world today. He was nominated for the International Children’s Peace Prize in 2017. JUDGES’ THOUGHTS The link with the environment, recovering solid waste and saving trees, makes this initiative very appealing. The bank seeks to solve the social problems of hunger and school dropouts. This is a unique and innovative project that offers the prospect of continued further expansion in the future. 81

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Trinity Donohugh Program Name: GirlsforCS | Country: United Kingdom | Age: 17 Partners: Classmates; Myanmar Business Answers (Myanmar); Sprouts Foundation (Hong Kong); Pen in a box (United States of America); SolarLeap (Hong Kong); IT Schools Africa (United Kingdom) into a sustainable long-term solution for education in developing nations.

ACHIEVEMENTS • GirlsforCS is a student-led initiative that managed to reach 20,000 children in UK, Myanmar, Cambodia, Vietnam, India, Malawi, and Zambia, enabling them to get better access to basic education. • Trinity’s program partners with many local NGOs and takes advantage of technology to spread educational contents around the globe, reducing inequalities and facilitating access to necessary skills for girls. • Trinity was one of the two Outstanding Youth Delegate Award winners for the 2018 Winter Youth Assembly at the United Nations. INTRODUCTION Trinity Donohugh started GirlsforCS with a few friends after she first returned to her ancestral home in Yangon, Myanmar. Seeing the lack of resources in local schools, she was determined to find a sustainable way to bring education to students there. Trinity leads a team of 10 students to design, create and distribute educational podcasts on computer literacy skills, basic health, basic economics, and conservation to 30 schools across Southeast Asia and Africa. To raise funds for the project, GirlsforCS works with local Burmese artists to sell tote bags with the proceeds going to the expansion of the program. Going forward, GirlsforCS is building an app to allow students anywhere to gain access to the podcasts, whilst also looking at how they can continue to transform their model to make it more sustainable.

AN OUTSTANDING APPROACH A student-led initiative, GirlsforCS harnesses the power of technology to spread its podcasts, videos, cartoons, and articles on basic health, basic economic theories, environmental conservation around schools, making 82

the whole project replicable and sustainable. By partnering with local NGOs, GirlsforCS is able to distribute its educational content and to reach as many children and youth as possible. Trinity plans to work with her classmates to re-envision GirlsforCS for the future and how they can transform their grassroots initiative

JUDGES’ THOUGHTS The use and reach of media in this project is one of the reasons why it’s impressive. The program is smart, effective and shows great initiative in developing partnerships with a wide range of organizations, all of which focus on benefiting young people globally.

Outstanding Youth Economic Citizenship Award |

Yousef Mahmoud Gilany Startup Name: Tutorials for studying in U.S. and Canada | Country: Egypt | Age: 16 Partners: Teens Club in Egypt; Yousef’s brother

INTRODUCTION After trying to find resources in Arabic to guide him in his application process for North American universities, Yousef Gilany developed a set of tutorials aimed at Egyptian students between grade 9 and grade 12. The tutorials illustrate and promote the educational system in the United States and Canada, explaining and guiding the application process, and presenting possible funding sources for the study abroad experience in a simple and clear way. Yousef organized and facilitated the entire work in the project by writing the scripts, recording the tutorials, and editing the video series, before marketing it on social media outlets, such as Facebook and YouTube. AN OUTSTANDING APPROACH Yousef Gilany created these tutorials on his own after realizing the lack of resources in Arabic to understand the application process for North American universities. He thought of students like him, who wished to study abroad and achieve their goals and has made it easier for them to prepare to travel and fund their studies. His tutorials are the results of hard work and are freely available for any Egyptian students willing to get information. ACHIEVEMENTS • Yousef’s tutorials have reached 10,000 students willing to go abroad to study in North America. • By facilitating the application process for Egyptian students, Yousef is helping those who are dreaming of studying abroad and who aim to use the experiences they will gain to help their community. JUDGES’ THOUGHTS Yousef’s initiative shows a commendable commitment to helping others. Helping peers to pursue higher education is a fantastic use of energy and resources, and the concrete business plan will successfully address its demand.

Meet Our Ye! Ambassadors The Ye! Community is a CYFI initiative to support young entrepreneurs under the age of 30. There are 16,000 entrepreneurs in the Ye! Community from 141 countries. The Ye! Community is endorsed by the G20’s Global Partnership for Financial Inclusion. Ye! Ambassadors are young entrepreneurs from the Ye! Community who are building and leading local networks – or “Ye! Local Chapters” – of young entrepreneurs. Through these chapters, young entrepreneurs provide each other with peer support, trainings, networking opportunities and together advocate for better policies and programs that support young entrepreneurs in their countries. Currently there are thirteen Ye! Ambassadors representing twelve local chapters, with more requests coming in every day. They represent the following regions: MENA, Europe, Southeast Asia, Central Asia, and sub-Saharan Africa. In the coming year, the Ye! Community will look to expand the number of Ye! Ambassadors in order to increase our support for young entrepreneurs around the globe. Read more:  www.yecommunity.com

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Ye! Ambassadors • Abdallah Hanbak, Egypt Freeziana • Adeloye Olanrewaju, Nigeria Babymigo • Desmund Egbe, Cameroon Camer Human Capital • Gilbert Mwale, Zambia E-msika • Ifrah Mohamed Arab, Kenya SuperMom • Mark Balmes, The Philippines Empleo • Pietro Paolo Ganis, Italy Laboratori Fabrici SRL • Philip Adrian Atilano, The Philippines TimeFree Innovations • Sandra Letio, Uganda Pelere Group Ltd • Zurab Pertaia, Georgia Augep

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Abdallah Hanbak Startup Name: Freeziana | Country: Egypt | Age: 23

INTRODUCTION Abdallah Hanbak won the Ye! Rising Star Award at the Ye! Awards Egypt in April 2018. Abdallah is 23 years old and the founder of an e-commerce platform called Freeziana. This online marketplace connects local artisans to a broader customer base and offers training in marketing and financial management. Abdallah is active in the local startup ecosystem and is well connected with university hubs and incubators. He is focusing on building the capacities of local artisans to ensure they are utilizing technology and management strategies to grow sustainable businesses. Abdallah decided he wanted to expand his support for other young entrepreneurs when he took part in the Ye! Community Egypt, Training & Workshop at the Cairo Innovates Exhibition in November 2017. ABOUT THE BUSINESS Abdallah and his team have created an online e-commerce platform for handmade products. Freeziana is an online marketplace that creates sales opportunities for talented handicraft makers by connecting them to potential buyers around the globe. The service is available online and offline, connecting millions of people to a trusted site as well as offering 86

physical stores. The platform also offers a wide range of tools and services for handicraft makers to manage and scale their businesses. Abdallah and his team are committed to using business to strengthen communities and empower individuals. By offering an e-commerce platform and capacity building resources, Abdallah is strengthening the Egyptian economy by reducing unemployment and connecting skilled artisans to potential customers around the world.

YE! COMMUNITY – EGYPT Abdallah is one of the newest Ye! Community Ambassadors. He first expressed his dream of supporting young entrepreneurs across the country during the Ye! Community Egypt, Training & Workshop in November 2017. The Ye! local chapter has 300 members who came on board following the Ye! Community Egypt Training & Workshop, where more than 20 young entrepreneurs participated to grow their public speaking and presentation skills. The local chapter in Egypt also grew immensely following the Ye! Awards Egypt, which connected the local chapter to such high-level partners as

the Egyptian Central Bank and the Nile University. The Facebook page is one of the most active, with more than 2,300 followers. Building on the massive success of the Ye! Awards Egypt, Abdallah is leveraging the esteemed jury and new connections with the other finalists to create a thriving Ye! local chapter in Egypt. Abdallah is working to grow the Ye! local chapter by supporting young entrepreneurs outside of Cairo, where the majority of entrepreneurship hubs are currently located. By working to strengthen the networks in more rural places such as Alexandria, Suez, and Ismalia, Abdallah is targeting the ‘last-mile’ of young entrepreneurs those who are often excluded from programs in the urban centers. Abdallah is also targeting the young artisans, craftsmen, and business owners he has connected with while building his company. He continues to work closely with Nile University and their incubation program ‘Nilepreneur’ to reach young entrepreneurs working in tech and sustainable energy. He is spreading news of the Ye! platform by inviting these young entrepreneurs to join both so they have access to a greater number of resources to grow their enterprise.

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Adeloye Olanrewaju Program Name: Babymigo | Country: Nigeria | Age: 26 with doctors, as well as contact experts regarding health questions and search for childcare services. The Babymigo app helps mothers connect with pediatricians, gynecologists, lactation consultants, midwives, maternity, and child services in real time. It also provides a chat service, where pregnant women and parents can discuss their issues with experienced peers and experts. In the first 3 weeks following the launch of the platform, the Babymigo app was downloaded by 20,000 mothers in Nigeria. The chat service is accessed 500 times daily for consultations on topics ranging from breastfeeding, body changes, adolescent & sexual reproductive health, family planning, baby food, and nutrition.

INTRODUCTION Adeloye ‘Lanre’ Olanrewaju is the founder and CEO of the health-tech platform Babymigo. Lanre is a social entrepreneur who is passionate about maternal and newborn health. He holds a certificate in “Leading Change” from the University of Cambridge and a certificate in social sector management from Enterprise Development Center, Lagos Business School. Lanre is a recipient of Queen Elizabeth II of England Young Leader’s Award. He is also the winner of 2016 Facebook African Innovation Challenge, St Galen Leader of Tomorrow, TEEP fellow, Leap Africa Social Innovator Fellow, and was listed as one of the ‘100 promising social entrepreneurs to watch out for’ at the 2015 SOCAP in San Francisco. In 2017, he met with

Facebook founder, Mark Zuckerberg and other Facebook top executives. Mark described Olanrewaju as one of the entrepreneurs from the African continent who is most committed to strengthening communities and creating opportunities. His vision for the continent is to see an Africa where exceptional young entrepreneurs drive massive economic growth in using human centered design.

ABOUT THE BUSINESS Babymigo is an innovative startup that connects mothers to experts and verified childcare services throughout their pregnancy and in the early years of the baby’s life so they can make informed health decisions. Through the mobile application, mothers can ask questions, find, book, and connect

YE! COMMUNITY – NIGERIA Lanre signed on as the Ye! Ambassador in 2017 and has been working to leverage his vast network and expertise to offer fireside chats and mentor meetings for young entrepreneurs across the country. More than 150 members have joined the Ye! local chapter in Nigeria to support one another. By working closely with influential members of the local chapter and experienced entrepreneurs, Lanre is pooling their expertise to bring resources, which are often inaccessible to youth in rural areas, to the masses. Currently, the Ye! local chapter in Nigeria is offering “Fireside chats” and inviting mentors, entrepreneurs, and trainers to lead the chats, providing valuable information about financial management, business planning, and working with a mentor, to access to capital and fundraising. This spring the first chat was held and 45 youth entrepreneurs attended. The honoured guest was well-known Nigerian entrepreneur Awoyemi Opewemi, the co-founder of Jobberman, Nigeria’s top job search website. The Ye! local chapter in Nigeria will continue to offer these chats monthly, throughout 2018.

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Desmund Egbe Startup Name: Camer Human Capital | Country: Cameroon | Age: 31

INTRODUCTION Desmund Egbe is the Founder and CEO of Camer Human Capital (CHC) Ltd, a management consultancy firm aimed at enhancing Africa’s human capital. Desmund has been successfully building the Ye! local chapter in Cameroon for some time. As the CEO of CHC, Desmund has worked closely with CYFI through its Global Money Week Campaign, to support Economic Citizenship amongst Cameroon’s children and youth, as well as with the Ye! Community as the Ambassador for Cameroon. Desmund represented Cameroon at the African Youth Entrepreneurship Workshop, a side event of the 6th Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya. He was also selected to attend the World Bank Group Youth Summit (2016) at the World Bank Headquarters in Washington D.C. Desmund holds a Master’s Degree in Business Administration (MBA) from Cardiff Metropolitan University in the UK, and a Bachelor’s Degree in Law from University of Yaounde II. ABOUT THE BUSINESS Camer Human Capital (CHC) Ltd is a management consultancy firm with a mission and vision to change how Human Capital (People, Role & Skills) is developed and managed in Africa. CHC Ltd provides the following services to clients: Human Capital development, sales & marketing, and 88

business development consultancy. Located in the English-speaking region of Cameroon, Beau, CHC is ensuring that youth have access to the information and training they need to find employment and become productive economic citizens. CHC Ltd connects youth to internship placements and offers training for students. CHC Ltd provides sales & marketing as well as business development consultancy services to individual clients and small and medium enterprises (SMEs) through coaching, trainings, and planning. Desmund has been extremely successful in growing the enterprise through word of mouth, networking, and offering high quality services.

YE! COMMUNITY – CAMEROON The Ye! Community in Cameroon is growing quickly, even amid political instability. As an Ambassador, Desmund has set up meetings to learn more about the struggles entrepreneurs are facing and what types of networks, support, and events can assist entrepreneurs to grow and scale. Currently the Ye! local chapter in Cameroon has 200 members and it continues to expand daily. The Ye! local chapter in Cameroon has been working to offer small focused meetings on a variety of topics. The first meeting focused on the topic of ecosystem building and addressed

what key issues are facing youth entrepreneurs in Cameroon. A select group of successful young entrepreneurs attended this session to give their feedback and build the Ye! local chapter. The second meeting was organized in collaboration with Global Youth Movement. The Global Youth Movement leader designed a ‘role play simulation’ where the entrepreneurs were faced with a social problem and as a team come up with a business solution. The youth entrepreneurs participated in the role play activity and engaged in a dialogue about the issues facing youth entrepreneurs. Four issues were identified: lack of access to mentors, limited access to capital, necessity of learning ICT to succeed in the modern business climate, lack of governmental support for youth-led enterprise. Desmund has ensured the sustainability of his approach through partnering with other local hubs and networks such as the Global Youth Movement. The upcoming workshop will focus on the topic of ‘Reigniting Your Marketing Strategy: Aggressive Marketing for Young Entrepreneurs in Cameroon’. For this workshop Desmund will be partnering with the Global Youth Movement and Ye! Community coaches to share marketing insights.

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Gilbert Mwale Program Name: E-msika | Country: Zambia | Age: 28

INTRODUCTION Gilbert is the founder and CEO of E-msika, an e-commerce platform that connects farmers to the tools they need. Gilbert is a motivated young entrepreneur who is highly involved in supporting other youth to succeed in business. He is currently a volunteer professor at the University of Lusaka where he shares his experiences and advice with other aspiring young entrepreneurs. He first caught the attention of the Ye! team when he won the Ye! Community Zambia Pitching Event in March 2017. Following his win, Gilbert showed great interest in remaining involved with the Ye! Community and helping other young entrepreneurs, like himself, to access the resources and tools they need to succeed. He has since grown the Ye! Community in Zambia and is working hard to partner with the University of Lusaka, BongoHive, and other largescale hubs to organize a grand Ye! launch this summer.

addition to the website, Gilbert and his team will soon be launching a mobile application. This application will allow users to access the platform wherever they are and it will provide services to users who may not own a desktop computer.

ABOUT THE BUSINESS E-msika Services Limited is an online digital marketing company that runs an e-commerce platform called emsika.com. Through the online marketplace, buyers can meet sellers to exchange services. On the platform, SMEs can easily list their products to be sold business to business (B2B) or business to consumer (B2C). Users can pay online and have their products delivered straight to their homes. In

Gilbert has identified that a growing number of young people are studying entrepreneurship yet are struggling to turn their business ideas into a reality. As a volunteer at the University of Lusaka. Gilbert is leveraging his connections and experiences as an entrepreneur to work with students to create a linked Ye! university club, which can work in collaboration with the Ye! local chapter. Gilbert envisions that by bringing together experienced

By focusing on agricultural products and services, E-msika is lowering the hurdles rural farmers must often overcome to buy products and access clients. E-msika is a platform designed to streamline business for those operating in rural Zambia.

YE! COMMUNITY â&#x20AC;&#x201C; ZAMBIA The Ye! Community in Zambia is growing exponentially. The local chapter in Zambia now has 550 members. The local chapter is working to grow the community further by targeting young aspirational entrepreneurs who are studying entrepreneurship at the University of Lusaka.

entrepreneurs and students, young aspirational entrepreneurs will have access to examples of successful enterprises as well as access to mentors, who can help them turn their ideas into functioning enterprises. Gilbert has already created a strong organizing team, which is well connected to local hubs and incubators. He organized his first Ye! local chapter meeting in June where 20 young entrepreneurs participated in the brainstorming session to identify the key barriers they face, how the Ye! Community can best support youth, and where the government can play a larger role. The event was organized in collaboration with the University of Lusaka and BongoHive. Now that the direction has been decided, Gilbert and his team are working to organize a grand launch event with the involvement of his network partners in Zambia. The Ye! local chapter in Zambia will also offer recurring monthly activities on the topic of ICT. Trainers from BongoHive and the University of Lusaka will ensure young entrepreneurs have access to the knowledge they need to sustain their businesses.

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Ifrah Mohamed Arab Startup Name: SuperMom | Country: Kenya | Age: 21

INTRODUCTION Ifrah Arab is the founder and CEO of Supermom, a social enterprise working to financially empower marginalized women. Ifrah is working to ensure women are empowered and motivated to enterprise. She was the winner of the Ye! Community Pitching Competition in Nairobi, Kenya in 2016, where she first became involved with the Ye! Community. She has been recognized by the Anzisha Prize as a finalist in 2016 and as operating one of the ‘Top 12 African Startups to Watch’. Since her pitch in 2016, she has been working to expand her enterprise by collaborating with a greater number of partners and engaging more women to become economically independent citizens. ABOUT THE BUSINESS Supermom targets women in rural communities and encourages them to become financially empowered and independent. Supermom taps into a vast network of unemployed and marginalized women and, through basic financial training, turns them into a sales force that quickly distributes a variety of consumer goods within their communities. The business model is a win-win as it enables companies, which were previously unable to reach rural communities, to now close the distribution gap and access customers in marginalized areas. 90

Supermom motivates women to earn a living and raise money for their families, contributing to greater economic stability and access to employment opportunities for rural women. Hailing from a rural, conservative region of Kenya, Ifrah knows the struggles women face in accessing employment opportunities. As Ifrah has firsthand knowledge of the struggles the potential ‘supermoms’ are facing, she is able to gain traction in communities that are largely untouchable for other companies. Through Supermom, Ifrah has created a powerful distribution network for companies to access new customers and rural consumers to access the consumer goods necessary to live a more comfortable life. Currently, Supermom is expanding to a growing number of communities. Ifrah is relying on the power of social media, word of mouth, and her strong network to demonstrate how the Supermom model can be reproduced in other communities.

YE! COMMUNITY – KENYA The Ye! Community in Kenya is one of the strongest communities with a thriving youth entrepreneurship scene in Nairobi, one of the largest subSaharan cities.

Currently Ifrah is working closely with the former Ye! Ambassador Ian Olouch. She and Ian together are continuing the momentum generated by the first Ye! Ambassador for Kenya, Tom Osborn who kicked off the activities of the local chapter in Kenya. The local chapter has now grown to more than 500 members, reaching young entrepreneurs in rural communities where the networks and resources available begin to thin out. In 2016 the Ye! local chapter in Kenya organized a Ye! Pitching Event & Workshop. The workshop focused on how to pitch and prepared young entrepreneurs with resources on how to tailor their ask to what investors are looking for. The event was attended by more than 100 young entrepreneurs from around the East African region. Ifrah and Ian have continued to build a strong social media buzz using their respective networks. Ifrah will begin organizing boardroom meetings, shark tank style sessions, and mentor Q&A thus bringing, energy, passion, and pitching to Kenya’s local chapter. By working with a vast array of local partners, Ifrah is bringing more and more youth into the Ye! Community, where they can participate in the local activities, and engage with the resources available online via the Ye! website.

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Mark Balmes Program Name: Empleo | Country: the Philippines | Age: 25

INTRODUCTION Mark is a social entrepreneur and data scientist based in the Philippines. He founded Empleo in 2014 when he was 22 years old. Mark has more than five years of experience in programming, and business development. He has been awarded multiple times for his work in marketing, business, and sports. Through Empleo, Mark is coupling technology with social impact to address many of the current Sustainable Development Goals (SDGs). ABOUT THE BUSINESS Empleo works in the areas of employment, recruiting, and supply chain logistics to connect workers with potential short-term employers. Empleo works with individuals and enterprises to connect short-term job vacancies with skilled jobseekers. In the Philippines, there is a high rate of underemployment. Underemployed workers in the Philippines often take on multiple low-skill jobs to compensate for the low pay, leading to an increasingly heavy workload. Empleo works with trained jobseekers who may come from underprivileged backgrounds and connects them to work that suits their skillset. By working with temporary and shortterm jobs, jobseekers and companies can quickly meet their needs, providing the much-needed

manpower for micro, small, and medium enterprises (MSMEs). The Empleo team has built an application that connects those who need a position filled or service completed with a worker matched by skills, location, and rate. Empleo has partnered with restaurants and waste management services to meet spikes in demand for workers. Empleo provides an innovative, technological solution to reducing un- and underemployment by matching businesses and workers through an easy to use application.

YE! COMMUNITY – THE PHILIPPINES The Ye! Community in the Philippines is co-led by Mark and Chino Atilano. They have grown the local chapter to more than 200 young entrepreneurs. Mark is spreading the word about the Ye! Community to university students around the country by leveraging his vast network of connections. One of Mark’s main ambitions as a young entrepreneur is to inspire university students to take risks and venture into entrepreneurship. Through his activities as Ye! Ambassador, he is working hard to provide aspiring entrepreneurs with the boost they need. The Ye! local chapter in the Philippines is currently offering bootcamps

across the Philippines, targeting entrepreneurs in areas beyond the Manila metropolitan area. The first such bootcamp was held in April, in the region of Zamboanga. 29 SMEs attended the event. This ‘Techno Bootcamp’ focused on ‘design thinking’ followed by a second day of business-matching, whereby local businesses seeking assistance with digitizing their operational systems and procedures were matched with local tech entrepreneurs and development shops. This Technology Bootcamp was co-sponsored by Ideaspace, a leading technology incubator in Manila, and the Department of Trade and Industry. The Ye! local chapter in the Philippines will continue to work with the Department of Trade and Industry to organize the bootcamps in other regions. Now Mark is working to partner with ASEAN Capacity Building Network, a conglomerate of capacity building partners led by outstanding youth. Mark has already spread word of the Ye! Community within the network and is working to train other Ye! Ambassadors and to organize regional events. Mark invited these young entrepreneurs to join the community, thereby expanding awareness of the Ye! Community and its activities to ensure a broader impact across the region. 91

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Pietro Paolo Ganis Startup Name: Laboratori Fabrici SRL | Country: Italy | Age: 30 grant for continuing research and development.

YE! COMMUNITY – ITALY Paolo kicked off his work by meeting with Her Majesty, Queen Maxima of the Netherlands during CYFI’s Global Money Week 2018 launch event. During the closed-door session, Paolo spoke with HM Queen Maxima about what type of support and networks young entrepreneurs need access to in order to succeed.

INTRODUCTION Although Paolo may be one of the newest Ye! Ambassadors, he has been working closely with CYFI for more than a year. Paolo is the founder of the Clairy, an internet of thing (IoT) flowerpot, which reduces indoor air pollution by amplifying the natural filtration power in plants. He graduated from Bucconi University in Italy as a Master of Science in Management. Paolo and his young team are taking the natural air purification power of plants, and coupling it with cutting edge technology to offer clients cleaner air and a beautiful product. Paolo was a 2017 Ye! Global Awards finalist and attended the 2017 Global Inclusion Awards Ceremony and Dinner Gala. During this time, he also took part in a Global Partnership for Financial Inclusion (GPFI) forum discussion on ‘The Bankability of Youth’. In the discussion, Paolo offered his suggestions on financial products that can best support young entrepreneurs like himself. ABOUT THE BUSINESS Laboratori Fabrici designs and produces technological devices that mix nature, technology, and design. Their signature product, the Clairy, is a state-of-the-art air purifier. The company launched in 2015 and has just released its second product, the Natede. The technology which goes into the Clairy products is based on the 92

principle of phytoremediation. The filtering system is characterized by the presence of a technological heart that exponentially increases the passage of air through the plant’s roots where, thanks to the combined action of microorganisms in the soil associated with the roots of the plant, the harmful substances in the air are converted into nutrients for the plant itself. These processes and the activities of the Clairy can then be monitored and controlled through the Clairy app. This innovative technology has already been recognized by the EU, which put forward a 2-million-euro

Building on the momentum of this event, Paolo has brought together a team to help build the Ye! local chapter in Italy. This team includes other young Bucconi students. They will focus on bringing together existing university hubs, networks and other organizations to build a more comprehensive support network. The Ye! local chapter in Italy will begin by creating a calendar of webinars with the university led hubs to bring their knowledge to a greater number of youth. The Ye! local chapter in Italy is also in the process of working with the Ye! Ambassadors in other countries to build international knowledge sharing events, whereby Ye! Ambassadors from two or more countries will invite their community members to participate in webinars on business strategies, share ideas, and network with entrepreneurs from Europe.

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Philip Adrian Atilano Program Name: TimeFree Innovations | Country: the Philippines | Age: 29 Ye! Community to include 200 youth entrepreneurs. During his first year, he drove a caravan around to universities across the Philippines, bringing star entrepreneurs and speakers to meet up with students. He and the previous co-Ambassador organized more than 4 workshops at various universities.

INTRODUCTION Philip Adrian ‘Chino’ Atilano is an innovative tech entrepreneur from the Philippines. He started his enterprise in 2012, when he was just 24 years old. Chino operates a team of 13 employees, 12 of whom are under 30. His focus within the company is on sales, marketing, and operations. As a young entrepreneur, Chino was never formally educated in business. He decided to take a leap of faith into entrepreneurship. After overcoming many struggles and challenges, Chino and his team now work with more than 6 companies, many of which operate globally.

ABOUT THE BUSINESS TimeFree is an enterprise software company that specializes in data analytics to provide productivity applications for companies. Productivity is a big problem for enterprises, especially with complex business processes and bureaucracy. TimeFree Innovations helps businesses have a more productive workforce and, as a result, deliver better services to their customers.

businesses can cut down customer wait time, increase efficiency in customer service and therefore increase customer loyalty and enhance the customer’s experience. TimeFree Innovations’ solutions give business owners and managers access to actionable data to streamline store operations and enhance staff productivity.

YE! COMMUNITY – THE PHILIPPINES The Ye! Community in the Philippines is co-led by Chino and his co-Ambassador Mark Balmes. Chino is now in his second year as a Ye! Ambassador in the Philippines where he has successfully grown the

Now in his second term as Ye! Ambassador, Chino is working closely with Mark to organize bootcamps across the country targeting entrepreneurs in areas beyond the Manila metropolitan area, the first of which was held in April. 29 small and medium enterprises (SMEs) attended the event. This ‘Techno Bootcamp’ focused on ‘design thinking’ followed by a second day of businessmatching, whereby local businesses seeking assistance with digitizing their operational systems and procedures were matched with tech entrepreneurs and development shops. This Technology Bootcamp was co-sponsored by Ideaspace, a top incubator in Manila and the Department of Trade and Industry. The Ye! local chapter in the Philippines will continue to work with the government to organize other bootcamps across the country focusing on different topics. These bootcamps will bring entrepreneurship education, tools and resources to entrepreneurs in a number of areas!

TimeFree Innovations provides virtual queuing solutions software, which helps businesses improve customer queuing in their stores. By utilizing TimeFree Innovations software, 93

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Sandra Letio Startup Name: Pelere Group Ltd | Country: Uganda | Age: 30

INTRODUCTION Sandra Letio came from humble beginnings to found a thriving soaps and detergents company. She started her business with just 15 dollars in her pocket and has grown it into a respected household name. Sandra is an exceptionally innovative and determined young entrepreneur. Sandra’s energy and ambition were unmistakable. After winning the Ye! Community regional Pitching Competition in Kenya, she approached the Ye! Community wishing to strengthen the support available for young entrepreneurs and create a Ye! local chapter in Uganda. Sandra is well connected and respected within the Ugandan startup ecosystem. She works closely with the Uganda Women’s Entrepreneurs Association Limited, as well as with the Ministry of Trade, the Ministry of Youth and Sport, and the Ugandan National Bureau of Standards. By working with such national level partners, Sandra is ensuring that the government is consulting young entrepreneurs on the types of policies and legislation that should be implemented to support youth-led enterprise. She has also worked with UN Women Uganda to facilitate greater access to loans and grants for young entrepreneurs. 94

ABOUT THE BUSINESS Pelere Group Ltd is a registered organic detergents and soaps company. In the indigenous Madi language, Pelere means ‘something wonderful’. In addition to soaps and detergents, Pelere Group also manufactures cosmetics, candles, and other household products. Pelere uses resources sourced locally and distributes them across Africa. The company works with 20 permanent local staff members, more than half of whom are younger than thirty. She also works with more than 170 local farmers who supply Shea butter and herbs. Thus, Pelere Group provides meaningful employment opportunities for local communities. YE! COMMUNITY – UGANDA Sandra began her work as the Ye! Ambassador at the beginning of 2017. Since then, she has grown the Ye! local chapter in Uganda to a thriving network of 600 interconnected young entrepreneurs. Sandra and her team have organized fifteen monthly ‘breakfast meet-ups’ focusing on different topics and inviting various influential speakers to join and share their stories to inspire young entrepreneurs. In June 2017, the Ye! local chapter in Uganda organized the first fully youth organized and youth-led, Ye!

Community Uganda Summit. 130 young entrepreneurs who took part in a government panel discussion, pitching competition, business exhibition, and training sessions. The event was organized in collaboration with the Ye! local chapter alongside local partners. The Ministry of Trade, Industry and Cooperatives Honourable State Minister, Werikhe Micheal participated in the panel discussion and pledged to the youth that the Ugandan government would do more to support youth-led enterprise. Esteemed Ugandan serial entrepreneur Patrick Bitature judged the pitching competition and awarded the winner. Overall, the event gave Sandra and her community the exposure and recognition necessary to take the community to the next level. Now in her second year as Ye! Ambassador, Sandra is organizing a follow-up Ye! Community Uganda Summit, where she plans to capitalize on last year’s success and work with an even larger number of local partners. She has currently hosted three up-country drives to invite youth in other regions to join the community and provide trainings on the topic of how to manage a sustainable business.

Ye! Ambassadors |

Zurab Pertaia Program Name: Augep | Country: Georgia | Age: 29 getting underway. Zurab is working closely with Impact Hub Tiblisi, AEGEE, Startup Marani, as well as BTU, to ensure the current network of hubs, incubators, and accelerators are well connected.

customers know what they are getting INTRODUCTION before they arrive because they can Zurab Pertaia is an assistant view the plate online. What does that professor at the Business and Technology University (BTU) in Tiblisi, mean? Satisfied customers! Augep is the first company in Georgia offering Georgia. He is the co-founder of Augep, a startup designing augmented augmented reality menus. They are continuing to develop new and reality menus for restaurants. Zurab innovative ways to implement works closely with Impact Hub Tiblisi augmented reality, thus pushing the and BTU to bring entrepreneurship technology even further in Georgia. education to youth across Georgia. Zurab reached out to the Ye! Community at the end of 2017 to share YE! COMMUNITY – GEORGIA his desire to build a Ye! local chapter in The Ye! Community in Georgia is just Georgia. Zurab is bringing together his strong network, background in entrepreneurship, and teaching experience to promote youth entrepreneurship and contribute to growing the local startup ecosystem in Georgia.

Zurab first spread the news of the Ye! local chapter in Georgia at BTU, getting aspirational youth on board, and sharing the Ye! website, tools, resources, and advice through his experience as an entrepreneur and professor. Now in the process of organizing his plan for events, focused on ‘develop, grow, connect,’ these meetups will allow young people to receive information about selfmotivation and meet Georgian young entrepreneurs who will share their experiences and offer guidance to aspiring youth. Zurab is working closely with his university contacts to get them involved in the Ye! local chapter as trainers and speakers at the Ye! Community meetups. Zurab has a long-term project also underway. He is building an online, Georgian language brochure for entrepreneurs, titled, “From Idea to Billion – what you need to know.” Keep a look out for the guide in the next year.

ABOUT THE BUSINESS Augep is a startup working to create augmented reality menus for restaurants. When restaurants use Augep’s augmented reality menus, they are able to view a 3D image of the plates, the ingredients, the caloric content and nutrition facts. Augep is providing a service for restaurants that allows potential customers to view the menu before choosing which restaurant they want to eat in. This brings increased efficiency to restaurant service as customers know what they want to order before they arrive. Augep’s menus also ensure 95

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SUPPORTERS This event is made possible by:

With the support of the G20-2020 Saudi Secretariat

The overall work of CYFI is made possible by:

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Child & Youth Finance International (CYFI)    

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