2016 ─ GMW Report 2016 by Child & Youth Finance International

GLOBAL MONEY WEEK REPORT 2016 The 5th Anniversary 14-20 March 2016

132 COUNTRIES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22.

Global Money Week 2016

23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44.

Canada Cape Verde Chile China Colombia Croatia Cyprus Democratic Republic of Congo Denmark Dominican Republic East Timor Ecuador Egypt El Salvador Estonia Ethiopia Fiji Finland France Gabon Georgia Germany

45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66.

Ghana Greece Guatemala Guinea Honduras Hungary Iceland India Indonesia Iran Ireland Italy Ivory Coast Jamaica Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Latvia Lebanon

132 countries participated in GMW 2016

67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88.

Liberia Lithuania Luxembourg Macedonia Madagascar Malaysia Malawi Maldives Malta Mexico Moldova Mongolia Montenegro Morocco Mozambique Namibia Nepal Netherlands New Zealand Nicaragua Nigeria Norway

89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110.

Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Romania Russian Federation Rwanda Samoa Saudi Arabia Senegal Serbia Singapore Slovakia Slovenia Somalia South Africa South Korea

111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122. 123. 124. 125. 126. 127. 128. 129. 130. 131. 132.

Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Tajikistan Thailand Togo Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom United States of America Venezuela Vietnam Yemen Zambia Zimbabwe

Global Money Week 2016

CONTENTS

EXECUTIVE SUMMARY..................................6 GMW2016 Theme.............................................6 GMW2016 Outreach........................................7 ABOUT GMW...................................................9 GMW and Systems Change............................9 GMW Growth....................................................9 GMW FAQs........................................................9 GLOBAL ENDORSEMENT.............................10 GMW AMBASSADORS.................................12 GLOBAL COVERAGE......................................15 STOCK EXCHANGES.....................................16 GLOBAL ACTIVITIES.....................................18 GMW Selfie Challenge..................................18 Challenge 1: My Money Box........................20 Challenge 2: Worldâ&#x20AC;&#x2122;s largest Piggy Bank...20 Regional Rally.................................................21 QUOTES FROM GMW2016...........................22 COUNTRY OVERVIEWS.................................24 Afghanistan.....................................................26 Albania.............................................................27 Argentina.........................................................28 Armenia............................................................29 Australia...........................................................30 Austria..............................................................31 Azerbaijan........................................................32 Bangladesh.....................................................33 Belarus.............................................................34 Belgium............................................................35 Benin................................................................36 Bhutan..............................................................37 Bolivia...............................................................38 Bosnia and Herzegovina...............................39 Botswana.........................................................40 Brazil.................................................................41 Brunei Darussalam........................................42 Bulgaria............................................................43

Global Money Week 2016

Burkina Faso...................................................44 Burundi.............................................................45 Cambodia.........................................................46 Cameroon........................................................47 Canada.............................................................48 Cape Verde......................................................49 Chile..................................................................50 China.................................................................51 Colombia..........................................................52 Croatia..............................................................53 Cyprus..............................................................54 Democratic Republic of Congo....................55 Denmark...........................................................56 Dominican Republic.......................................57 East Timor........................................................58 Ecuador............................................................59 Egypt.................................................................60 El Salvador.......................................................61 Estonia..............................................................62 Ethiopia.............................................................63 Fiji......................................................................64 Finland..............................................................65 France...............................................................66 Gabon...............................................................67 Georgia.............................................................68 Germany...........................................................69 Ghana...............................................................70 Greece..............................................................71 Guatemala........................................................72 Guinea..............................................................73 Honduras..........................................................74 Hungary............................................................75 Iceland..............................................................76 India..................................................................77 Indonesia.........................................................78 Iran...................................................................79 Ireland..............................................................80 Italy....................................................................81 Ivory Coast.......................................................82 Jamaica............................................................83 Jordan..............................................................84 Kazakhstan......................................................85

Kenya................................................................86 Kosovo..............................................................87 Kuwait...............................................................88 Kyrgyzstan.......................................................89 Latvia................................................................90 Lebanon............................................................91 Liberia...............................................................92 Lithuania...........................................................93 Luxembourg.....................................................94 Macedonia.......................................................95 Madagascar....................................................96 Malaysia...........................................................97 Malawi..............................................................98 Maldives...........................................................99 Malta...............................................................100 Mexico............................................................101 Moldova.........................................................102 Mongolia........................................................103 Montenegro...................................................104 Morocco.........................................................105 Mozambique..................................................106 Namibia..........................................................107 Nepal..............................................................108 Netherlands...................................................109 New Zealand.................................................110 Nicaragua......................................................111 Nigeria............................................................112 Norway...........................................................113 Pakistan..........................................................114 Panama..........................................................115 Papua New Guinea......................................116 Paraguay........................................................117 Peru................................................................118 Philippines.....................................................119 Poland.............................................................120 Portugal..........................................................121 Puerto Rico....................................................122 Romania.........................................................123 Russian Federation......................................124 Rwanda..........................................................125 Samoa.............................................................126 Saudi Arabia..................................................127

Senegal..........................................................128 Serbia.............................................................129 Singapore.......................................................130 Slovakia..........................................................131 Slovenia..........................................................132 Somalia..........................................................133 South Africa..................................................134 South Korea...................................................135 Spain...............................................................136 Sri Lanka........................................................137 Sudan..............................................................138 Suriname........................................................139 Sweden..........................................................140 Switzerland....................................................141 Syria................................................................142 Tajikistan........................................................143 Thailand..........................................................144 Togo................................................................145 Tunisia............................................................146 Turkey.............................................................147 Uganda...........................................................148 Ukraine...........................................................149 United Arab Emirates...................................150 United Kingdom............................................151 United States of America............................152 Venezuela......................................................153 Vietnam..........................................................154 Yemen.............................................................155 Zambia............................................................156 Zimbabwe......................................................157 ANNEX: GMW2016 IN NUMBERS..............160

Global Money Week 2016

EXECUTIVE SUMMARY Child and Youth Finance International is proud to announce that the 5th Anniversary of Global Money Week (GMW) was our biggest money-awareness celebration yet – see the image below for the inspiring GMW outreach achieved by our brilliant Global Network!

young people, the GMW 2016 report focuses on the many collaborative efforts to promote financial inclusion and economic rights for children and youth that took place around the world.

Global Collaborations

There were many amazing highlights during the Week, which centred on collaborative partnerships in order to promote economic citizenship education and financial inclusion for young people. From the Regional Rally in Latin America, to Ye! and National Apprenticeship Week in the UK, worldwide partners joined together in the spirit of economic empowerment for children and youth.

The Week has continued to grow. Born out of Aflatoun day (which takes place every 17th of March since 2006), Child Finance day was first held in 2012 and expanded to take place over the course of a week in 2013. The Network’s enthusiasm for a week dedicated to teaching children and youth about important money issues has supported Global Money Week’s reach and growth over the past 5 years! In this report information can be found regarding the global activities of the Week, fun photos, competition entries, and summaries of exciting events from each participating country.

Global Participation

As with every GMW, youth involvement is at the core of the global efforts. Their active participation is needed in order to reshape financial systems and

As GMW is all about sparking action around the financial issues which affect

to create the next generation of economically empowered citizens! This year, young people got involved with our global challenges more than ever before – active youth, schools, and community groups submitted their GMW Selfies and Money Box Mania creations with the aim to be the Global Winner!

Global Events

Ceremonies took place worldwide to mark the 5th Anniversary of GMW. The Week began with a launch at the Citi Money Gallery in the British Museum in the UK. Last year’s Global Money Week Award winner, Guatemala, kickstarted their exciting celebrations with a spectacular theatre play, and Bangladesh held a national closing ceremony to round up the Week.

GMW2016 Theme: ‘Take Part.Save Smart!’ This year’s theme for Global Money Week was ‘Take Part. Save Smart! ’, because of the importance for children and youth to learn and take part in clever cost-careful habits from an early age, in order to avoid financial exclusion and develop key moneymanaging skills for later in life. The Week’s three key messages linking to the theme were Save knowledge, Save for your career, and Save money. Save knowledge Ensuring children and youth receive education about money matters can pave the way for the next generation of

Global Money Week 2016

economically empowered citizens. The Week is all about raising awareness about the importance of financial literacy for youngsters worldwide and giving them the know-how to make wise economic decisions. Save money Promoting the importance of opening savings accounts for children and youth is a great way to include them in the financial system, help them understand how to manage money wisely, and highlight how important it is to save for their futures.

Save for your career There is increased recognition around the importance of youth investing in their future. Through the development of key livelihood skills, or by means of entrepreneurship, children and youth can be socially and economically included later in life.

GMW2016 Outreach

Global Money Week 2016 celebrated

132

COUNTRIES

13,950

ORGANIZATIONS

33,278

ACTIVITIES

148,279 7,005,596 108,001,903

ADULT FACILITATORS

CHILDREN & YOUTH ENGAGED

PEOPLE REACHED

through dedicated media outreach

See page 160 for ‘Annex: GMW2016 In Numbers’

How do we calculate our outreach? GMW outreach is calculated through a series of reporting forms both before and after the Week, which Network partners use to report the national engagement resulting from their GMW events and activities. The CYFI team uses this data to gauge global, regional and national reach and the Week’s year-on-year growth. Participating countries CYFI recognizes all United Nations Member States, as well as States that have been granted Non-Member Observer Status at the United Nations. Organizations Within each country GMW events and

activities are coordinated by one or more leading organizations who are part of the CYFI Global Network. Participating organizations are those which have been involved in activities but are not leading the GMW celebrations within a country. Activities Local, regional and global GMW events and activities are aimed at teaching children about Economic Citizenship Education and financial inclusion. Adult facilitators Includes responsible adults from participating organizations who helped to

ensure that young people could participate in GMW events. Children and youth engaged This is the direct outreach of children and youth engaged in events, such as school visits, fairs, plays, workshops, etc. People reached through dedicated media outreach This is the indirect outreach of youth and adults through targeted media outreach, such as radio shows, TV programs, social media campaigns, etc.

Global Money Week 2016

ABOUT GLOBAL MONEY WEEK GMW and Systems Change While Global Money Week is aimed at teaching children and youth about financial issues through interactive activities, the Week also serves a valuable and multifaceted purpose for CYFI and the Child and Youth Finance Movement. GMW encompasses the core components of CYFI’s role – as initiator and advocate, knowledge hub, connector, technical advisor and monitor.

Initiator and Advocate

By providing the opportunity for our global network to take part in a fun and engaging event, the Week acts as an initial ‘launch-pad’ for countries, communities and for children and youth to get involved in financial inclusion and Economic Citizenship Education. This year, Madagascar, for example, held national celebrations for the first time and a large financial awareness media campaign reached children across the country.

Knowledge Hub

As a thought leader in the field, CYFI and the Network produce training resources, academic papers and studies, and form working groups around financial issues which affect children and youth. In Moldova, GMW provided an opportunity for engaging teachers and educators in training activities and interaction with local youth.

Connector

GMW acts as an ‘accelerator’ to creating partnerships – linking key institutions, and organizations, in the spirit of collaboration for the economic empowerment of youth. This year’s GMW celebrations involved the signing of a memorandum between CYFI

and COMESA to support the empowerment of youth in Zambia.

 GMW Growth 2016

CYFI provide partners from each country with technical advice and/or connects them to expert within the Network. During GMW, the CYFI Team facilitated financial awareness events and provided resources and knowledge to support future national efforts around Economic Citizenship Education and financial inclusion.

7 million children and youth 13,950 organizations 33,278+ activities 132 countries

2015

5.6 million children and youth 962 organizations 3000+ activities 124 countries

Monitor

2014

3 million children and youth 490 organizations 2000+ activities 118 countries

2013

1 million children and youth 400 organizations 80 countries

2012

33 000 children and youth 21 countries (Child Finance Day/Week)

Technical Advisor

As CYFI’s largest annual event, GMW provides a valuable opportunity to monitor and evaluate the Child and Youth Finance Movement, gauge the state of financial inclusion and Economic Citizenship Education for youth in each participating country, and gain insights about the financial capabilities of youth from highlevel decision makers, financial institutions and young people alike. During this year’s GMW, CYFI collaborated with EFSE on a cross-country project in the Balkan region focusing on the financial issues that are most important to youth. Through each of these core components, Global Money Week is a ‘stepping stone’ for systems change. By addressing the issue of economic empowerment in a unique, exciting and engaging way, the Week offers the opportunity for both longterm partners and those who are new to the CYFI Network to contribute to reshaping financial systems and creating a brighter future for the next generation of economic citizens.

 GMW FAQs What is Global Money Week (GMW)? It is a worldwide celebration, with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment, and becoming an entrepreneur.

What is the goal of GMW? The Week’s ideas, events and lessons learned are intended to have a longlasting impact. The goal is to promote the importance of Economic Citizenship Education (ECE), financial literacy, and the inclusion and empowerment of youth.

When does GMW take place? GMW takes place annually, during the 2nd week of March. This year the celebrations took place from 14 – 20 March.

 www.globalmoneyweek.org  GlobalMoneyWeek  @GlobalMoneyWeek  GlobalMoneyWeek  GlobalMoneyWeek

Global Money Week 2016

GLOBAL ENDORSEMENT

Over the past 5 years GMW celebrations have gathered international support and created momentum around improving the financial awareness of children and youth worldwide. This year, GMW received endorsements from a range of influential figures and organisations, all of whom expressed their support for the economic empowerment of youth.

H.M. Queen Máxima of the Netherlands A long-time supporter of financial inclusion for youth. She holds the role of UN Secretary-General’s Special Advocate for Inclusive Finance for Development and Honorary Chair of the Money Wise Platform. “Learning how to save is the single smartest financial move young people can make. From piggybanks to electronic accounts, savings tools are vital for helping the next generation build independence, establish security, and achieve their dreams—whether the dream is a small purchase or a significant life investment. Encouraging children and youth to develop the habit of saving can deliver a huge compound effect down the road for individuals and their communities. As Global Money Week reminds us, it is never too early—or too late—for young people to gain the financial skills they will need to shape their lives and enhance their future wellbeing.”

• Her Highness, Sheikha Shamma Bint Sultan bin Khalifa Al Nahyan During GMW celebrations in the United Arab Emirates, Her Highness, Sheikha Shamma Bint Sultan bin Khalifa Al Nahyan inaugurated the Esref Sah Central Bank visit by announcing her role as ambassador to the program. • G20 Global Partnership for Financial Inclusion (GPFI) CYFI is an affiliated partner in the G20 Global GPFI, which has provided international support for GMW in recent years. • Organisation for Economic Cooperation and Development (OECD) & International Network for Financial Education (INFE) GMW is held in partnership with the OECD. The OECD/INFE has been a strong supporter of CYFI and encouraged its member and partner countries to join the GMW celebrations. • World Savings and Retail Banking Institute (WSBI) Each year WSBI, as a partner of CYFI, encourages its members to take part in the celebration. Many exciting activities were organised by WSBI members in Austria, Kenya, Luxembourg, Malta and Spain. • Common Market for East and South Africa (COMESA) The launch of GMW in Zambia saw the COMESA and CYFI celebrate the start of a partnership to financially empower youth. The partnership is intended to be a cornerstone to ensuring economic citizenship education, inclusion and youth entrepreneurship in the region.

Global Money Week 2016

• European Fund for Southeast Europe (EFSE) During GMW, CYFI and EFSE conducted a research in 7 countries from the region to explore the financial behavior and financial attitudes and knowledge towards financial products of children and youth. As part of EFSE’s objective to address rates of youth unemployment, cooperation will continue around two programs, Ye! Community and the SchoolBank Initiative. • World Federation of Exchanges As part of the annual Ring around the World tradition, the World Federation of Exchanges (WFE) encouraged their member institutions to get involved in the GMW celebrations. • Experian During GMW Experian launched their new financial capability tool, Jangle, an app aimed at teaching children money skills. Experian representatives joined with UK partners to celebrate the launch of GMW at the British Museum in London.

 “Financial education is a process that triggers enthusiasm. This is not a nostalgic teacher speaking, but the real benefits of financial education that we enjoy every day.” H.E. Mrs Aisha Muhammadu Buhari, the First Lady of the Federal Republic of Nigeria This year, a Goodwill Message was delivered by H.E. Mrs Aisha Muhammadu Buhari, the First Lady of the Federal Republic of Nigeria, at the Global Money Week Forum on the 23rd March 2016. “I understand that the Global Money Week is a period for financial literacy aimed at engaging the youths and stakeholders at global level to project the practice if managing and saving money for the future. […] […] I therefore, commend your foresight and choice of theme for this event which is “Take Part. Save Smart!” […] I want to appeal to children and youth to see this as a great opportunity to prepare for greater challenges ahead and make me proud, make your parents proud and your beloved country very proud of you and your endeavor as leaders of tomorrow.”

• The Microcredit Summit Campaign During the 18th Microcredit Summit in Abu Dhabi March 14-17th 2016, The Microcredit Summit Campaign partnered with CYFI to promote Global Money Week, where a panel discussion on New Frontiers in Youth Financial Services, encouraging Microfinance practitioners to get involved in the global celebrations and take the issue of Child and Youth Friendly banking more seriously.

Elisabeta Gjoni, First Deputy Governor of Bank of Albania ...

“I would like to extend our gratitude for the initiative of CYFI to promote the educational visit to Mozambique Stock Exchange.” Anabela Chambuca, CEO of The Mozambique Stock Exchange (Bolsa de Valores de Moçambique - BVM) ...

“This organisation [CYFI] has understood that economic citizenship has to be built from an early age, because the citizen of tomorrow is truly the child of today. The theme of this year “Take Part. Save Smart!” is very evocative and invites each of the children to internalize the culture of saving.” Mr. Alain Koné, Head of the Lycée Classique d’Abidjan, Ivory Coast

Global Money Week 2016

GMW AMBASSADORS

This year’s GMW celebrations were supported by our inspirational GMW Ambassadors – including noted experts and youth who are active around financial literacy and the economic inclusion of young people. With their support, the GMW team continues to raise awareness about money matters, saving, creating livelihoods, gaining employment and becoming an entrepreneur!

Kalpana Fitzpatrick

Sofia Macias

Kalpana Fitzpatrick is a well-respected financial journalist and founder of MummyMoneyMatters.com – which provides financial information, news and tips to families. Kalpana regularly appears on TV and radio as a money saving expert and is often quoted in various media outlets.

Sofía Macías is a Personal Finance and Financial Literacy consultant. She is the author of “Pequeño Cerdo Capitalista: Finanzas Personales para Hippies, Yuppies y Bohemios”, a financial education bestseller published in 2011. Also, she wrote “Pequeño Cerdo Capitalista Inversiones,” a book on investment strategy and the different Asset classes, published in October 2013.

As well as managing Mummy Money Matters, Kalpana is a columnist for Daily Mail’s Femail, writing about money for a wider consumer audience.She also worked for Channel 4’s Superscrimpers show and regularly writes for numerous publications. Kalpana is passionate about financial education and believes all children should be given a head start in life when it comes to being in the know about money. When she’s not on TV, radio or putting pen to paper, Kalpana is mum to two boys, aged two and six. You can follow Kalpana on:  www.mummymoneymatters.com  Mummy Money Matters  @MumMoneyMatters  MummyMoneyMatters

Global Money Week 2016

Sofía Macías started writing about Financial Education in 2006, in financial media, such as El Economista, Expansión and Entrepreneur, and also in general media as El País and Rolling Stone Magazine. In 2008, while she was El Economista’s front page editor she started www.pequenocerdocapitalista.com, her personal finance blog and the origin of her books. In the same year, Sofía became a financial education consultant for Consumo Inteligente, Mastercard’s financial education program for Latin America, an active participant in Global Money Week and Child and Youth Finance Education supporter. You can follow Sofía on:  www.pequenocerdocapitalista.com  @sofimaciasl

Prakash Koirala

Jhose Adolfo Qinsocala Condori

Prakash Koirala is the Winner of CYFI’s Youth Financial Education Awareness Award. He is a Country Committee Representative for Child & Youth Finance International and serves to connect young people from Nepal in the spirit of Economic Citizenship Education.

Eleven-year-old Jhose Adolfo Quisocala Condori lives in Arequipa, Peru. When he was only seven, he created the first Cooperative Students’ Bank “Bartselana” with the purpose of providing financial education and inclusion for children and youth in Arequipa and Peru, promoting the concept of “saving” in order to confront and overcome poverty.

Before joining CYFI in 2013, Prakash was a volunteer of ‘My World: The United Nations Global Survey.” He worked in a broad range of Millennium Development Goals over one year. He has served as a Jr. Finance Officer at Biz Serve Pvt. Ltd. He began his career at Module United Nation, Financial Education, Youth Development, and Policy Discussion, and has been representing Nepal internationally, by participating in OECD, MUN, International LEO Camp and Rotaract Cultural Exchange Program. Prakash has worked with more than 127 classes and more than 13,000 youth in Nepal to teach community members, children, and youth about financial education and money management. He took responsibility for organizing Global Money Week celebrations in Nepal in 2015, for which the Nepal Rasta Bank also recognized him. Prakash also helped to organize #LightTheWay Campaign in Nepal.

Jose Adolfo has received several awards at local, national and international levels for this social enterprise. After just four years, more than 2,000 children now have savings accounts. With their new alliance with “Caja Arequipa” microfinance bank, they expect to reach 20,000 child/youth savings accounts by 2016. Jose Adolfo is not only recognized as the youngest banker in the world; he is an entrepreneur with a bank for children and youth, a Financial Education school, an “environmental mini-market,” a social enterprise for environmental management (The Green Place), and a school of Business Management.

 For more information on GMW Ambassadors, please go to:  www.globalmoneyweek.org/ about/supporters.html

You can follow Prakash on:  @lightkoirala  @gudaraj

Global Money Week 2016

GLOBAL COVERAGE News of this year’s GMW celebrations travelled around the world and local, national and regional events received extensive press coverage globally – with over 4200 media mentions published about GMW from January – April 2016.

• MEANS OF EXCHANGE ‘How ‘piggy bank’ got its name, and announcing Global Money Week’ (UK)

Some of the highlights are:

• AGENDA DE LA EMPRESA ‘La Fundación Cajasol se une a la celebración de la Global Money Week’ (Spain)

• FINANCIAL TIMES ‘A history of money in a thousand objects’ (UK)

• DHAKA TRIBUNE ‘Money Talk with Sabhanaz Rashid Diya’ (Bangladesh)

• THE DAILY TELEGRAPH ‘Tips to teach children about money’ (Australia)

• METRO TV NEWS ‘Global Money Week, Edukasi Literasi Keuangan di Museum’ (‘Global Money Week, Financial Literacy Education at the Museum’) (Indonesia)

• THIS IS MONEY.CO.UK ‘Why it pays to teach children about money’ (UK) • MILENIO ‘La historia del dinero contada en mil objectos’ (Mexico) • OK! RUSSIA ‘Звезды российского телевидения, кино и спорта примут участие в Неделе финансовой грамотности’ (‘Stars of Russian television , film and sports will participate in the Financial Literacy Week’) (Russia) • BUSINESS DAY ONLINE ‘First Bank promotes financial literacy to commemorate Global Money Week’ (Nigeria)

 4207 GMW media mentions

• EL UNIVERSAL ‘Bacaribe realizo su Global Money Week’ (Venezuela) • INDEPENDENT.IE ‘Bell rung at Irish Stock Exchange’ (Ireland) • THE BRUNEI TIMES ‘Financial planning workshop for youth and students’ (Brunei) • ARAB NEWS ‘CMA’s smart investor programme participates in Global Money Week’ (Saudi Arabia) • THE NEW TIMES ‘Financial literacy among children and youth crucial’ (Rwanda)

Global Money Week 2016

STOCK EXCHANGES RING AROUND THE WORLD  44 stock exchanges events

As part of Global Money Week 2016 celebrations, stock and security exchanges from 44 countries participated by opening their doors to youth, making the ‘Ring Around the World’ bigger and better than ever before! Activities included the opportunity for children and youth to ‘ring the bell’ to open and close the day’s trading, a historical tour of the trading floor, financial education workshops, informative interviews with key executives about the workings of the stock exchange and discussions about entrepreneurship. These key Global Money Week events supported national bodies commitment to ensuring that financial literacy and education amongst youth is upheld. Across 44 countries stock exchanges welcomed youth as part of the Global Money Week celebrations. These included: 1. Argentina - Bolsa de Comercio de Buenos Aires 2. Bangladesh - Dhaka Stock Exchange 3. Belarus - Belarusian Currency and Stock Exchange (BCSE)

Global Money Week 2016

4. Belgium - Brussels Stock Exchange (NYSE/Euronext) 5. Botswana - Botswana Stock Exchange (BSE) 6. Brazil - BM&FBOVESPA 7. Bulgaria - Bulgarian Stock Exchange 8. Canada - Toronto Stock Exchange Group (TMX Group) 9. Croatia - Zagreb Stock Exchange 10. Ecuador - Bolsa de Valores de Guayaquil 11. Egypt - Egyptian Exchange (EGX) 12. Ethiopia - Ethiopia Commodity Exchange 13. Germany - Deutsche Börse 14. Iceland - NASDAQ OMX Iceland 15. India - Bombay Stock Exchange 16. Indonesia - Indonesia Stock Exchange (Bursa Efek Indonesia) 17. Ireland - Irish Stock Exchange 18. Ivory Coast - Regional Stock Exchange (La Bourse Régionale des Valeurs Mobilières de Côte d’Ivoire – BRVM) 19. Jamaica - Jamaica Stock Exchange 20. Kenya - Nairobi Securities Exchange 21. Latvia - Nasdaq Riga 22. Lithuania - Nasdaq Vilnius 23. Malawi - Malawi Stock exchange 24. Mongolia - Mongolian Stock Exchange

25. Morocco - Bourse de Casablanca (Stock Exchange Casablanca) 26. Mozambique - Bolsa de Valores de Moçambique: BVM 27. Namibia - Namibian Stock Exchange 28. Nepal - Nepal Stock Exchange Limited 29. Netherlands - Euronext Amsterdam 30. Nigeria - Nigerian Stock Exchange 31. Norway - Oslo Børs 32. Peru - Bolsa de Valores de Lima 33. Portugal - NYSE Euronext Lisbon 34. Romania - Bucharest Stock Exchange 35. Russia - Moscow Exchange 36. Rwanda - Rwanda Stock Exchange 37. Saudi Arabia - Saudi Stock Exchange (Tadawul) 38. Spain - Bolsa de Barcelona 39. Thailand - Stock Exchange of Thailand 40. Turkey - Borsa İstanbul (BIST) 41. United Arab Emirates - Abu Dhabi Securities Exchange – ADX 42. United Kingdom - London Stock Exchange (LSE) 43. Zambia - Lusaka Stock Exchange 44. Zimbabwe - Zimbabwe Stock Exchange Euronext)

 “To be here at the Bulgarian Stock Exchange – Sofia is such a privilege. In my opinion, it is very useful for students to meet with experts and visit institutions. This ignites a spark in us to want to gather as much knowledge as we can and to choose our future career path. Global Money Week is an initiative that is very important to further emphasize on the great importance of financial literacy, which can bring us a better and more stable tomorrow.” Antonio Georgiev (19) student and participant, Bulgarian Trade and Banking High School, Sofia

“Going to the Amsterdam Stock Exchange was a great experience. We got insights of the history of the stock exchange, the jobs people had, and even

got to ring the bell. It was an interesting opportunity to see how things ran on the inside of such an important place. Very useful field trip, we learned a lot.” Roos ter Haar (19) student and participant, Amsterdam Stock Exchange, Amsterdam

... “Many thanks for a wonderful day at the ISE. The students really enjoyed it and learned a lot. They were made to feel very welcome.” Ruairi Farrell, Business Department Coordinator at Colaiste Chroabh Abhann

Global Money Week 2016

GLOBAL ACTIVITIES The creativity and scope of this yearâ&#x20AC;&#x2122;s Global Money Week activities was endless! 2016 saw many colorful celebrations, exciting events and inspiring innovations. Throughout the Week, youth from around the world had the chance to get involved in visits to banks, stock exchanges, businesses and money museums, to learn more about the financial world and how money operates globally. Education and hands on projects were a key part of many activities, and offered the opportunity to promote financial literacy amongst young people in fun and engaging ways. Many of the activities during GMW consisted of games and competitions, where youth were challenged to take part in quizzes and drawing contests. This encouraged youngsters to work together in order to learn more about financial issues which affect children and youth. In many countries activites were focused around art and creativity, and youth were able to take part in exhibitions, threatre and songwriting to engage with their peers and communities about money matters. In addition to the many different types of GMW activities that took place worldwide, this yearsâ&#x20AC;&#x2122; CYFI-initiated activities for the global community gave children and youth the chance to take part in social media competitions and challenges as part of the wider worldwide community!

Global Money Week 2016

GMW Selfie Challenge For the second year in a row, as part of the Global Money Week celebrations, a selfie challenge was held via the Global Money Week Twitter, Facebook and Instagram. Participants joined in the fun by using the official hashtags #GMWSelfie #GMW2016 and #GlobalMoneyWeek. We received hundreds of entries from countries as diverse as Rwanda, Syria and Kyrgyzstan! Congratulations to everyone! Here you can find a selection of some of the colourful, vibrant and energetic photos taken throughout the week!



The winner Levis Mbote Ngigi (19) with Oscar Mathinji Muchiri (19), David Mokenye Onywoki (19) and David Mbagu Mbugua (19) from Kenya received 2202  on Instagram

SPECIAL MENTION: Kazakhstan

SPECIAL MENTION: Colombia

SPECIAL MENTION: Kazakhstan

SPECIAL MENTION: Saudi Arabia

SPECIAL MENTION: Rwanda

SPECIAL MENTION: Panama

SPECIAL MENTION: Nepal Global Money Week 2016

SPECIAL MENTION: Syria

GLOBAL ACTIVITIES Challenge 1: My Money Box To celebrate Global Money Week, an international money box challenge was held to inspire children and youth to take part and save smart!

SPECIAL MENTION: Philippines

‘My Money Box’, where children and youth created their own money saving boxes and using Global Money Week material, took photos of their projects in order to be published in our official social media and this report! We received many unique pictures of money boxes, ranging from the classic pig shape to more inventive and creative forms!

THE WINNER Artem Korolev from Russia received 5432  on Instagram.

“My first piggy bank was in the form of a safe with a combination lock. Remember, these ones were sold before? In the bottom cupboard I kept toys from Kinder Surprise, and the top cupboard was a saving place :) Unfortunately I broke the lock in just one week, and the piggy bank was gone ... And so today I was given such a cool thing to save my money :) And what kind of money boxes do you have? You can post pictures with the hashtag #моякопилка. I will choose the coolest ones and give you gifts.”  www.instagram.com/artem

Global Money Week 2016

Piggy banks and money boxes have been around for thousands of years! The origins of the name ‘piggy bank’ dates back to the Middle Ages when Pygg, an orange colored clay was used to make pots to store money. The name pygg jars evolved to be known as ‘Pig Banks’, and the rest is history!

Challenge 2: World’s largest Piggy Bank/ Money Box The second challenge was an international competition to create the world’s largest piggy bank! We invited schools, youth organizations, NGOs, local businesses and communities to take part in breaking the world record for the biggest money box! While there were several valiant attempts, Kreissparkasse Ludwigsburg, a German savings bank, still holds the Guinness World Record for the largest piggy bank - standing at 8.03 m long and 5.58 m tall! In addition to being the world’s largest piggy bank, a money museum was constructed inside for visitors!

Through the history of money boxes, it is evident that savings have been important for centuries across many cultures and countries. During Global Money Week we highlighted the role piggy banks and money boxes play in helping young people across the world to save smart. Chile’s entry for GMW2016 World’s largest Piggy Bank/ Money Box challenge  Check our video here: www.youtube.com/watch?v=5TtDnI-rpSM

Regional Rally The Global Money Week Regional Rally took place across Latin America in an effort to connect the region and their celebrations. Both local and regional events were conducted to encourage children and youth to learn about money, savings, livelihoods creation, the labor market and entrepreneurship. The activity was hosted under the auspices of MasterCard Consumo Inteligente, together with CYFI partners in the region: Asobancaria, Bancaribe, Banco Caja Social, Banco Central de Chile, Davivienda, Fundación AMCHAM, Junior Achievement Americas and Pequeño Cerdo Capitalista. How was this achieved? Via the official @ChildFinance and @GlobalMoneyWeek Twitter handles, contestants solved financial education questions through exercises tailored to youth between 14–24 years of age from Venezuela, Paraguay, Mexico, Colombia and Chile. The winner were the participants who correctly answered eleven questions via Twitter, using the official hashtags #RallyLAC and #GMW2016. The activity was tweeted approximately 671 times, causing more than 4 million timeline deliveries during Global Money Week! The questions allowed the participants to learn about online financial education tools, in addition to learning about their own financial behaviors and the challenges faced when entering the formal financial systems. The first winner of each country received a code to download the financial education eBook “Little Capitalist Pig: Personal Finance for Hippies, Yuppies and Bohemians” plus amazing prizes sponsored by our local partners.

Global Money Week 2016

QUOTES FROM GMW2016 PARTICIPANTS 

“Today I learned that it is important to save money and not spend it on things that are not necessary.” Adita Pant, primary student of Escola no.1 de Lisboa, Portugal ...

“Watching my piggy bank full of coins, makes me feel smart.” Boy (7) receiving a branded piggy box at the opening ceremony of GMW, Albania ...

“I love saving money because I can spend it on encyclopedias, interesting books and board games.” Nicole (9), participant and student at 119th Secondary General School “Acad. Mihail Arnaudov.” Sofia, Bulgaria ...

“I made this moneybox in school to save the coins that my parents give to me, to buy something that I really want.” Student from grade 6; Mozambique ...

“I have learnt not to spend money on things I don’t need.” Boy (9) Al Arj Association, Jordan

Global Money Week 2016

“I enjoyed the session and realized that saving money matters. I did not pay attention to that before, but from now I started thinking about my spending carefully so that in future when I start my study at university I can have some savings.” Student attending session at AKL, Tajikistan ...

Global Money Week “…is an innovating opportunity to draw adults’ attention to the need to increase the field of knowledge of our children and to extend it to the financial component. Financial culture is nowadays indeed a necessary element to acquire before entering working life. It constitutes a specialized knowledge basis that youth must possess while building their personal and professional future. It prepares them for their socio-economic inclusion and to practice of citizenship.” Speech from Mr. Siriki BAÏKRO, Managing director of B2S, Ivory Coast ...

“The most interesting was learning about the different types of bank accounts and debit and credit cards.” Student (15) Temperley, Argentina

“I want to thank the Home Credit Bank’s employees for these important skills - how to save money, how to manage finance. Today I really enjoyed it, and I will apply this knowledge in my life.” Student of the 7th grade city Ayagoz, Kazakhstan

“I learned how to manage budgets and allocate income. Global Money Week gave me valuable knowledge on the topics I was barely familiar with.” Adna Sokolović, Sarajevo, Bosnia & Herzegovina ...

“It was great and amazing to see youth learning how to support their parents, themselves, and “I am extremely happy that the their communities form such a GMW was held in our gymnasium. young age, using the simplest Money plays an important role in methods and resources. The our life.” financial income is a good result, but what is most important is Olga Svergun from the Ukrainian the psychological income, the Gymnasium named after Ivan Franko of richness of experiences and Ternopil city, Ukraine building one’s character, their ... self-esteem, and the recognition that they are productive members’ not just consumers in their “The memorable activity was society.” “Dare to Dream Big Talk show”. The speaker used to be like me, a Manar (29) teacher from Lattakie, Syria street child, but now his life has ... changed. His life story inspired me to work and study hard to achieve my dream. This year, I am “Thanks for organising the event. going to college; hope I can enter I am sure the information shared my dream university.” and the experience will help our students in developing a positive Tedy (17) 12th grade, Indonesia saving culture.” ...

...

“Positive step to teach our children how to save and make it so essential in their lives.”

“Not only did I gain new experiences during Global Money Week, but I also established a great cooperation with students from the Faculty of Economics. We learned how deposits, savings and interest rates work and a little something about the history of banks and general finances, which I found particularly interesting. However, the most interesting part for most of us was the treasury we saw during bank visits. We actively participated in workshops by asking questions and giving our thoughts and opinions on the topics.” Amina Čeliković, Brčko, Bosnia & Herzegovina

Teacher who participated in the visits to financial institutions, Brunei Darussalam ...

Saad Alharbi, Investor, Saudi Arabia Global Money Week 2016

132 COUNTRY OVERVIEWS 24

Global Money Week 2016

Afghanistan Leading organizations: University of Central Asia (UCA) SPCE Afghanistan Key Participants: Aga Khan Foundation, Afghanistan, Badakhshan University – Faizabad, Maiwand Bank, First Micro Finance Bank (FMFB), Darwaz branch, Village Saving Loan Association (VSLA), Teacher Training College – Shugnan, Teacher Training College – Ishkashim, Teacher Training College –Darwaz Number of participating organizations: 9 Number of children reached: 400 Number of activities: 12 In 2016, Afghanistan celebrated Global Money Week for the second time. The celebrations were led again this year by the School of Professional and Continuing Education (SPCE) Afghanistan, University of

Global Money Week 2016

Central Asia (UCA) and the Aga Khan Foundation (AKF).

activities, such as how money is being saved and given to customers.

In collaboration with numerous other organizations, several financial education workshops and seminars were hosted for school children and their families to discuss topics such as savings and family budgets. Additionally, a number of visits were planned to various financial institutions to ensure first-hand contact with these entities. One of the trips was the excursion to Maiwand Bank, where children and youth had the opportunity to meet the bank manager and their staff, to ask questions and to experience the inner workings of the bank. A visit to the First Micro Finance Bank of Darwaz was also planned, where children and youth learned about the bank’s daily

This edition of Global Money Week in Afghanistan proved to be very effective in familiarizing the young citizens with basic financial terms and habits, thus ensuring a more financially empowered generation that will profit from this knowledge for years to come. UCA’s activities during the Week in Afghanistan were supported by the Multi Input Area Development Global Development Alliance (MIAD GDA) in Badakhshan Province of Afghanistan, an alliance between the Aga Khan Foundation and the United States Agency for International Development.

Albania Leading organizations: Bank of Albania (BoA), Ministry of Social Welfare and Youth, Albanian Banking Association (AAB), Ministry of Education and Sport Key Participants: Scan TV Channel, Cufo Tv channel, Aleksandër Moisiu University in Durrës, Aleksandër Xhuvani University in Elbasan, European University of Tirana, University of New York Tirana, University of Tirana, Youth centers in Tiranë, Korçë, Durrës, Albanian Financial Supervisory Authority, Institute of Education Development, National Agency of Vocational Education and Training & Qualifications, Albanian Insurance Deposit Agency, American Bank of Investment, Credins Bank, Raiffeisen Bank, Junior achievement, “Qemal Stafa” high school, “Besnik Sykja” high school, “Partizani” high school, “Turgut Ozal” Secondary School, “Vatra e Dijes” Secondary School Number of participating organizations: 21 Number of children reached: 13,000 Number of activities: 16 The opening ceremony of Global Money Week in Albania took place on 14 March, with the Governor of the Bank of Albania, the Minister of Social Welfare and Youth, the Minister of Education and the Chairman of Albanian Association of Banks at the park next to the BoA’s building. After the ceremony, educational and entertainment activities for kids were conducted in the park by the artist Kosta Zhonga, and supervised by the BoA and AAB staff. Children also received branded piggy boxes with the slogan of the Week.

Tuesday 15 March saw a very important event for advancing coordination of financial education initiatives in the country: a roundtable discussion on the “Need for a National Strategy on Financial Education”, hosted by the Bank of Albania, and organized together with the participation of representatives from BoA, AAB, Institute of Education Development, National Agency of Vocational Education and Training & Qualifications, Albanian Financial Supervisory Authority, Albanian Insurance Deposit Agency and the Ministry of Economy, together with excellent students, personalities and experts from the field (professors and non-profit organizations). On Wednesday 16 March, a Karl Popper debate was organized between six teams from three main Albanian universities on the topic “Should financial education be part of the pre-university obligatory curriculum?” (Pro/Cons). The event was organised by AAB and hosted by the youth center of Tirana. Even though the “con” team won the debate, the level of debate and the arguments brought from each of the teams was very much appreciated by the jury and by the audience alike. On Thursday 17 March, another interesting roundtable discussion took place on “Financial Education and Entrepreneurship”, discussing youth and economic success, entrepreneurial competence, financial resilience and practical business experiences. The event was organized in cooperation with Junior Achievement

Albania, the Banking Association and the Ministry of Social Welfare and Youth. Plenty of other exciting and interesting events were organized for children and youth in Albania during the whole week, including: • Visits of school kids to BoA’s Museum, • Competition between three high schools that have selected the elective subject “Personal Finance in your hands” which was aired on “Scan TV” • Open lessons from BOA’s and Commercial Banks representatives with students of Finance at universities in Tiranë, Elbasan, Durrës and Korçë • Training for students on the Social Insurance Scheme • Training for youth and civil society organizations on the preparation of “Budgeting” at the Youth Center in Tirana • Visits of students to commercial banks branches • Competition “Acting like bankers” at the University of Integrated Studies, Durrës Furthermore, GMW this year in Albania was extensively covered by the national media and press, with social media promotion, radio and interviews on television and articles in the press. During the Week, graphic artistic creations on different aspects of money made for kids by Mr. Kosta Zhonga were showcased on the show “Little artists” on the Çufo chanel on the Digitalb platform.

Global Money Week 2016

Argentina Leading organizations: Commission National de Valores, Banco Macro Key Participants: Bolsa de Comercio de Buenos Aires, Facultad de Ciencias Económicas de la Universidad de Buenos Aires, Consejo Profesional de Ciencias Económicas de CABA, PRO.DI.BUR, Cámara Argentina de Fondos Comunes de Inversión, Instituto Argentino de Mercado de Capitales del Mercado de Valores de Buenos Aires (MERVAL), De Catedral al Norte. José Manuel Estrada. Escuela Pública Primaria, Saint Mary of the Hills School. Escuela Privada, Primaria y Secundaria, Sarmiento School, Temperley, Buenos Aires Number of participating organizations: 12 Number of children reached: 150,790 Number of activities: 32

Global Money Week 2016

The Comisión Nacional de Valores Argentina, with the objective of strengthening financial education in the country, took on the leading role for Global Money Week this year from the financial sector. The Comisión brought together financial institutions and primary school, high school and university students to become part of the Global Money Week celebrations. Various events were organized in a collaborative and participatory way with the educational institutions, such as visits to the Stock Exchange and PRO.DI.BUR, interviews on the radio and a selfiecompetition. All of these activities were sponsored and co-hosted by the leading participants such as the Economy Faculty of the University of Buenos Aires, presidents from the Stock Exchange, authorities from

the Professional Board for Economic Sciences from CABA, directors from the Argentine Institute for Capital Markets from MERVA, the Argentine Mutual Funds Association. The Cuentas Sanas team of Banco Macro organized several separate events in their first participation this year in Global Money Week.

Armenia Leading organizations: Central Bank of Armenia Key Participants: AIESEC Armenia, “Mkhitar Sebastatsi” Educational Complex, Aflatoun, COAF,Junior Achievement Armenia, Children of Armenia Foundation Number of participating organizations: 44 Number of children reached: 3,705 Number of activities: 38 This is the second year that the Central Bank of Armenia lead different financial programs during GMW. In 2016 in Armenia, GMW started in March and was continued through “My Finance Month 2016” project in April. FLY (Financial Literacy for Youth) project was conducted in four Armenian cities (Yerevan, Gyumri, Vanadzor, Dilijan). The project was organized by AIESEC Armenia in cooperation with the Central Bank of Armenia. Six young economists from Hong Kong, Brazil, USA, Turkey, Serbia and Canada are in Armenia with the mission to motivate and give basic financial knowledge on personal financial management to youth who do not have access to economic or financial education. One of the key points of the project is to create a cross-cultural platform for Armenian youth to develop their managerial and financial knowledge/skills. The participants developed their hard and soft skills in finances, leadership, management and the like. Over 30 seminars were held during the project with more than 450 participants (mainly students).

Young students of the Children of Armenia Fund and Military Aviation Institute after Marshal Khamperyants visited the “Visitor’s Center” of the Central Bank. They were informed about the history of the Armenian Dram, the operations and role of the Central Bank, monetary policy, etc. The employees of the “Consumer rights protection and financial education” center of the Central Bank of Armenia organized two workshops for the youth: “Professional orientation” for the Children of Armenia Fund and “Personal finances: how to manage them in a better way?” for the Military Aviation Institutes students. During GMW 2016, the Central Bank of Armenia announced five competitions: the Photo Story competition with the topic “Debt management”, the Art Competition for children between 5 and 12 years old with the topic “The life on my financial planet”, the Storytelling competition for the schoolchildren between 12 and 16 years old, the Financial Brochures competition with two topics: “My tomorrow starts today”, “Balance in everything” and the GMW Selfie competition. The competitions were promoted through the financial education website (www.abcfinance.am) as well as through social media (Facebook, Twitter). Thus far, there are approximately 400 participants though the final results will be recapitulated at the end of April during the “My Finance Month” closing ceremony.

An interactive workshop on “Personal Finances: why, what do I have to do with this?” was conducted by the Financial Education Specialist of the Central Bank of Armenia in the Mkhitar Sebastatsi Educational Complex. Before the workshop, the students danced traditional Armenian dances to integrate Armenian national spirit into GMW. After the workshop, the students organized a bike tour to demonstrate the importance of nature and its impact on improving the efficiency of saving processes. The program had 70 participants involved. Furthermore, on 15 March, Junior Achievement of Armenia, within the framework of the “Entrepreneurship and Civic Education for Young People of Armenia” program, awarded small grants to 11 student business companies to implement social projects in their communities. To augment their social enterprise budgets, JAA held competitions wherein the social enterprises submitted a proposal to receive a grant for their community projects. One hundred student social enterprises presented a proposal requesting $300 to add on to their program budgets. A committee selected 11 student companies, one from each region of Armenia. Each student social enterprise received a $300 grant to implement their social project, and they were awarded at the Award Ceremony in Yerevan.

Global Money Week 2016

Australia Leading organizations: Australian Securities and Investments Commission, Mortgage & Finance Association of Australia Key Participants: YMCA St. Marys, Blackett Public School, MGC, St Brgids Primary School in Nerang, The Grance Community Centre, Walford College, St. Spyridon College, Elderslie High School, Asquith Girls High School, YMCA Werrington County OSHC, University of Wollongong Innovation Campus, St Mary Star of the Sea College Wollongong, North Sydney Boys High School, Beverly Hill Girls High School, North Sydney Girls High School, Buddharangsee Thai Community Language & School, Dhammachai Education Foundation, Lourdes Hill College, Sylvania Heights Public School, Oberon High School, Attwood House Community Centre, Hornsby North Public School, Mercy College, Sydney Grammar School, Caroline Chisholm College, Mary Mackillop Primary School, Dapto High School Number of participating organizations: 100 Number of children reached: 6,800 Number of activities: 74

Global Money Week 2016

Australia celebrated Global Money Week for the very first time through the efforts of the Australian Securities and Investments Commission (ASIC) and the Mortgage and Finance Association of Australia (MFAA). The activities that were dcarried out across Australia ranged from creating and distributing financial literacy materials to publishing and releasing nationwide awareness-raising campaigns. To mark Global Money Week 2016, ASIC released practical tips and resources for parents and teachers to help them teach children about money and to establish healthy money habits for life. As Peter Kell, ASIC’s Deputy Chair has communicated, “In a rapidly changing world, with money increasingly invisible in many financial transactions, teaching children and young people about money matters will give them essential skills for life.” He also added that “as the Australian Government agency responsible for financial literacy, ASIC is keen for young Australians to develop sound financial habits and behaviours from an early age so they can better navigate financial decisions and challenges in adult life.” This whole program was named by the institution as the ASIC MoneySmart

Program, which will continue on after Global Money Week. Serving as a launching platform, Global Money Week highlighted the increasing importance of financial literacy among the young people in Australia. The MFAA, on the other hand, invited and initiated multiple campaigns and activities across Australia promoting money awareness among the young generation. They have achieved this through the participation of the association’s large network of member finance and mortgage professionals. There were about 68 activities launched across the country that involved participation among finance and mortgage professionals, children and their parents. In addition to the activities, the MFAA has also distributed a book on financial literacy aimed to equip parents and finance professionals in educating young people about money management and savings. During the entire week, the GMW celebrations highlighted the importance of saving and how children will be able to wisely invest in their futures.

Austria Leading organizations: Erste Group Bank AG, Erste Financial Life Park (FLiP) Key Participants: Zweite Sparkasse, Schuldnerberatung Wien, Jugend am Werk (JaW) Number of participating organizations: 5 Number of children reached: 60 Number of activities: 2 I €AN Workshops took place on 17 March at 15:00-18:00 in Absberggasse 27, 1100 Vienna and on 18 March 2016 at 09:00-12:00 in

Dr.-Albert-Geßmann-Gasse 38, 1210 Vienna. The “I €AN” project was launched as part of the initiative of Zweite Sparkasse, in cooperation with Schuldnerberatung Wien and the apprentice workshops of Jugend am Werk (JaW). As part of their training, young apprentices attended the workshop where they were given the opportunity to explore their personal relationship with money and to develop a sense of responsibility in their use of money. Furthermore, the workshops covered financial hazards and the

consequences of debt, as, well as the development of personal and practical money management strategies. The aim was to develop skills and confidence in relation to financial matters.

Global Money Week 2016

Azerbaijan Leading organizations: Central Bank, the Saving Banks Foundation for International Corporation (SBFIC) Key Participants: Central Bank, SBFIC and Ministry of Education Number of participating organizations: 5 Number of children reached: 4,080 Number of activities: 6 The following events and activities were carried out during GMW2016 in Azerbaijan: • School visits - presentations on the national coins and banknotes, as well as

Global Money Week 2016

the history of and interesting facts about the national currency were made. In addition, animations about security features of each banknote were shown. Educational games (based on demonstrated animations) were played with the schoolchildren and the winners were presented with awards. • On the official Facebook page of the Financial Literacy project: - A word-fill game dedicated to economic and financial concepts was played

- A Banknote game about the security features of the national banknotes was played - A “Q&A” competition was carried out - it was comprised of 10 questions related to the financial literacy. Every day, two questions were posted and the person posting the full correct answer first was considered a winner. • Awards ceremony - at the end of the week, winners of the various games and competitions were invited to the Central Bank and awarded for their efforts.

Bangladesh Leading organizations: Daffodil International University, Bangladesh Bank, Prime Minister’s Office of the Government of the People’s, Republic of Bangladesh Key Participants: Ministry of Education of Bangladesh, Dhaka University, British Council Bangladesh, JobsBd.com - Creating Opportunities, Dhaka Stock Exchange Number of participating organizations: 59 Number of children reached: 2,800,000 Number of activities: 20 The celebration of Global Money Week continued this year in Bangladesh – with greater coordination and larger goals set for 2016. Daffodil International University continued its role as the lead promoter and coordinator of the nationwide program of Global Money Week in the country. The celebrations were patronized by the Ministry of Education, supported by Bangladesh Bank (the Central Bank of Bangladesh), and the Prime Minister’s Office of the People’s Republic of Bangladesh, which aimed to ensure that GMW 2016 would emerge as a national initiative covering multiple activities and sectors. The GMW organizing committee in Bangladesh took great strides to ensure that the outreach to children would go beyond the capital, Dhaka. The committee organized a structure wherein youth leaders and coordinators would be present for each of the eight divisions of Bangladesh involved in expanding the reach of the program across the country.

GMW 2016 in Bangladesh included a wide range of activities such as a press conference with major media agencies in the country, a formal inauguration, ringing of the Dhaka Stock Exchange Bell, workshop and seminars to create awareness, competitions for kids about the importance of savings, essay writing contests, postcard making exercises answering the speech bubble “I save because…”, industry visits for kids to see what future jobs they may pursue, a visit to the money museum, a learning-through-doing program with banks, drama and arts initiatives that creatively expressed and taught money awareness and visits to various educational institutes to foster cooperation amongst schools for the empowerment of children and youth as economic citizens. A special focus on vulnerable children was included in this year’s Global Money Week in Bangladesh through coordination between the Ministry of Education and youth leaders and coordinators that have travelled and reached out to the remote and marginalized areas, especially to those young people living on the street. Unique to Bangladesh were its efforts to creatively promote savings in a smart way. They were promoting how smart savings could be achieved not only through thriftier spending, but also through changes in young people’s and the public’s everyday attitudes and behaviours. This was promoted by a campaign shown through social media and posters spread across schools in Dhaka between 14 - 20 March. Each day specifically focused on one way of smart

saving to another, included saying no to water wastage, food wastage, overusing electricity, avoiding vices and actually starting to save money. To promote and encourage young Bangladeshis to become more proactive in reshaping their financial future, children and youth who demonstrated great potential as young savers and future entrepreneurs were given special recognition. This was in addition to the poster-making competition that was done across the country’s capital, Dhaka. A number of activities were promoted across various national media platforms that included radio, TV, and print media. Moreover, events were organized that encouraged partners and guardians to speak directly with children about money matters. GMW 2016 in Bangladesh capped off by a Grand Closing of the global celebrations with government delegates, industry executives, and various other stakeholders. Honourable guests included the Secretary of the Ministry of Education, the Chief Representative from the Bangladesh Bank, and the Director-General of the Office of the Prime Minister. This is in addition to various high-level stakeholders from multiple sectors within the country, along with a large number of young leaders, who gathered to emphasize the importance of developing financial literacy, citizenship and entrepreneurship skills from a young age.

Global Money Week 2016

Belarus Leading organizations: National Bank of the Republic of Belarus Key Participants: Ministry of Education of the Republic of Belarus, Association of Belorussian Banks, Association of Financial Market Development, The Belarusian Association of Insurers, Association of Belarusian lessors, Republican Microfinance Center, Republican Association of microfinance organizations, The Belarusian Republican Youth Union, The Youth Entrepreneurship Support and Development Centre Ltd.IGRIKA, BTRC Payment system BelCard, National Academy of Science of the Republic of Belarus Belarusbank Number of participating organizations: 3,500 Number of children reached: 500,000 Number of activities: 3500 More than 4000 activities took place throughout all regions of the Republic of Belarus during Global Money Week 2016, including more than 3000 educational visits, lectures and workshops for youth, financial

Global Money Week 2016

education games, seminars, theatre performances, essay and art competitions and many more. This year’s Global Money Week in Belarus was linked to the official denomination of the national currency that is scheduled to take place on 1 July 2016. The Week was used as a catalyzer for the massive informative campaign of young citizens about this important issue and raising the level of their financial literacy. Thus, in accordance with the agreement reached with the Ministry of Education of the Republic of Belarus, the experts of the National Bank, commercial banks, associations of financial market participants and other industry organizations arranged financial education visits, workshops and lectures in schools and talked to children about the denomination, the look of the new banknotes and coins, their security features, and answered the questions of children and youth. The objective of this year’s Week was very ambitious – to reach all the educational institutions of the Republic of Belarus!

The Week was traditionally opened at the Belarusian Currency and Stock Exchange on 14 March with the “Ring the Bell” ceremony, which saw participation from more than 40 youth participants, together with all major national media and press houses including national television stations and newspapers. Another major event was the financial education event at the Minsk Regional Lyceum, with the participation of the top management of the National Bank of the Republic of Belarus. NGO Youth Entrepreneurship Support and Development Centre also actively participated in the Week by organizing an online competition “Non-boring Finances”, an economic leadership challenge, and various financial literacy trainings. The Republican Microfinance Center also actively participated in the Week by organizing several financial literacy trainings entitled “Plan your Future” in rural areas of the country.

Belgium Leading organizations: FSMA - Financial Services and Markets Authority, Wikifin Key Participants: De Tijd/L’Echo, Radio 1, RTBF, Federal Pensioendienst, FOD Economie - FPS Economy, FOD Financiën - FPS Finance, the Insurance Ombudsman, Ombudsfin, De Kanselarij van de Eerste Minister, De Nationale Bank van België, Febelfin, Assuralia, The Credit and Indebtedness Observatory, Centre d’Appui aux Services de Médiation de Dettes, The Support centre for Debt mediation services for the Brussels Capital Region, The Flemmish centre for Debt mediation, The city of Brussels, The city of Antwerp, The city of Liège, Centre for budget advice and research, Wijzermetgeld.be, European Parliament, ENSIE, Finance Watch, European Investment Bank, GECES, Social Economy Europe, FEBEA, SEFEA, Credal, Bank of Karditsa, CERTH, University of Glasgow, Democritus University of Thrace, Ebanka, KEPA, FEBEA (European Federation of Ethical and Alternative Banks), Euronext Number of participating organizations: 821 Number of children reached: 130,000 Number of activities: 20 This year, the Week was officially launched in Belgium on Monday 14 March at 9:00 a.m. with the “Ringing of the Bell” ceremony at the Brussels Stock Exchange of Euronext. The Belgian Ministers of Budget, of Finance and of Economy were present (Ms. Sophie Wilmès, Mr. Johan Vanovrtveldt and Mr. Kris Peeters). The pupils who attended the event were able to engage in discussion with Mr. Kris Peeters, Deputy Prime

Minister and Minister for Employment, the Economy and Consumer Affairs and with the Governor of the National Bank. All participating partners and media attended the event, where the results of a survey about how families handle money matters were presented in order to spark further conversation about money matters via the media. The following topics were addressed: money, pocket money, bank cards, smartphones, savings, insurance and real estate. Several other activities took place in Belgium throughout the Week: More than 1,500 classes of years four, five and six throughout the country played the budget game “budg€tPRET/Gère tes pépètes”, an educational and fun game about budgeting. During the Week, Her Majesty the Queen visited two primary schools in Belgium, accompanied by the Ministers of Education. Her Majesty played ‘budg€tPRET/Gère tes pépètes’ in the class together with the children, which taught the pupils how to handle money, manage a budget, discuss in groups and make choices together. With this game, Wikifin.be supported teachers in bringing financial education to the classroom. Wikifin.be/FSMA, De Tijd/L’Echo, Pensions Board, the National Social Security Office, FOD Economy, FPS Finance, the Insurance Ombudsman, Ombudsfin, the Chancery of the Prime Minister, the National Bank of Belgium, Febelfin, Assuralia, the Credit and Indebtedness Observatory, No Credit Day and the Support Centre for Debt Mediation

Services for the Brussels Capital Region (a non-profit organization) gathered at the Brussels Central Station to provide information about money matters. After the event at the Stock Exchange, students then visited the info market. The experts at the market were ready to answer all of their money-related questions, whether they be about pensions, loans, internet fraud, debt mediation or insurance. An online money quiz “Are your finances on the rails?” (http://www.wikifin.be/nl/ geldtest) was also circulated, which was designed to tell youth whether they had firm control of their finances. Also, a federal truck criss-crossed the entire country during the Week, stopping at various schools. During the visit, pupils played the budget game budg€tPRET/Gère tes pépètes in the Federal Truck and they could also leave a message in the chatterbox. Furthermore, the FSMA and Wikifin.be, along with the FPS Economy, SMEs and Energy, the FPS Finance and the National Social Security Office, were present at the ‘Ondernemen/Entreprendre 2016’ Fair in order to provide information to entrepreneurs and interested people about various financial topics. This year, the topics of ‘boiler rooms’ and ‘recovery rooms’ were featured. Wikifin.be also introduced new online content for self-employed people, and prizes won through the Wikifin@School Challenge were distributed to the winning classes.

Global Money Week 2016

Benin Leading organizations: AIESEC in Benin (NGO), Eurafrik (business), Humanitarian Organization of Mercy (NGO) Key Participants: CPEC Microfinance, BRV Benin, MOOV Benin, Foundation Zola (Business), Association Miman (NGO), Ecole Nationale d’Economie Appliquée et de Management (ENEAM) (University), Institut Supérieur de Management (ISM) Adonai(University) Number of participating organizations: 12 Number of children reached: 150 Number of activities: 13 Various civil society organizations successfully joined forces to help implement GMW2016 celebrations in Benin for the first time! The coalition of leading organizations set up an extensive GMW program, starting on 14 March, to bring the topics of financial education and inclusion closer to the Beninese.

Global Money Week 2016

AIESEC Benin already introduced Global Money Week on national television (ORTB) on Sunday 13 March 2016, and a radio talk show specially dedicated to GMW took place to announce the Week during a radio program focusing on youth education. Several young people called this show to participate in the debate, thus showing the interest of the youth in this matter. This media coverage helped to raise awareness about financial inclusion issues and advertised GMW events. On 16 and 18 March, the GMW partners held saving shops in schools – students participated in a “saving shop” challenge (a practical competition to teach youth to save while shopping). This challenge helped them understand the value of money and develop critical thinking, decision making, team work, leadership, communication and savings skills. In addition, students took part

in financial workshops in Cotonou and Calavi. Various financial institutions, such as microfinance, investments and mobile money firms, were invited to give advice to students on savings and investments. The workshops also served as career advisory centers for high school students who may be seeking for a career in the finance sector in the future. The workshops were hosted by two universities to address university students and to inform them about financial services and budget creation, as well as youth funding and micro-entrepreneurship. The extent of this program ensured an exciting first Global Money Week in Benin!

Bhutan Leading organizations: Royal Monetary Authority of Bhutan Key Participants: Bhutan National Bank Limited, Bhutan Development Bank Limited, Druk PNB Bank Ltd., Number of participating organizations: 4 Number of children reached: 1,932 Number of activities: 6

Monetary Authority targeted young girls in the urban and rural areas of the country. The Royal Monetary Authority did this through in-class sessions and distribution of materials that focus on expanding the knowledge of young high school students on financial products and the importance of savings.

In 2016, the Royal Monetary Authority of Bhutan continued to advance financial education for young people in Bhutan, which was built on the countryâ&#x20AC;&#x2122;s existing Financial Literacy Program of the Central Bank. Specifically for GMW 2016, the Royal

From the private sector, the Bhutan National Bank Ltd. continued their annual campaign of making visits to various schools across the country. As part of these school visits, the managers of the Bhutan National Bank branch conducted classes with children and

also opened bank accounts for those who were able to acquire approval from their parents. This provided the children both financial education and access to a savings account, thus helping them to learn by doing. The Bhutan Development Bank and Druk PNB Bank Ltd. have also organized some school visits to teach about financial concepts, particularly what the function of a bank is and the importance of savings. Both banks have also distributed various financial literacy materials.

Global Money Week 2016

Bolivia Leading organizations: Asociación de Bancos Privados de Bolivia (ASOBAN), Grupo Amaya Capacitaciones Key Participants: Banco BISA, Banco Unión, Banco Solidario, Banco Ganadero, Banco Económico, Banco PYME Los Andes Procredit, Banco de Crédito de Bolivia, Banco Fortaleza, Banco de la Nación Argentina, Banco Nacional de Bolivia, Cooperativa de Ahorro y Credito Abierta San Jose de Punata Ltda. Number of participating organizations: 15 Number of children reached: 9,620 Number of activities: 4 The Banking Association of Bolivia, in partnership with eleven of its member institutions, developed a series of activities for the celebration of Global Money Week in

Global Money Week 2016

Bolivia. The GMW celebrations in Bolivia were framed by the celebration of the annual Credit Fair, which was organized by the Banking Association of Bolivia (ASOBAN). An example of activities includes an interactive stand, in which participants had the opportunity to learn basic concepts of personal finance and acquired relevant skills to use while doing their financial planning. The stand placed particular importance on “goal setting” with respect to the process of financial planning, and also focused on how different products and services within the financial system can be of great help to achieve those goals. During the fair, participants traveled the established route to learn about credit, how credit can play an important role in

developing one’s personal finances, how to use credit and the security measures that need to be taken into consideration when using credit. By the end of the route, the youth were able to learn more about their personal finances and other financial instruments by enjoying a guided visit to the website www.descubre.bo, an online platform for financial education sponsored by the Banking Association of Bolivia. Additionally, youth participants took part in a series of workshops focusing on the importance of goal setting, savings and general knowledge about the financial system in Bolivia.

Bosnia & Herzegovina Leading organizations: The Association of Secondary School Students in Bosnia and Herzegovina (ASuBiH) Key Participants: The Association “Plus,” Central Bank of Bosnia and Herzegovina, Banks Association of Bosnia and Herzegovina, Microcredit foundation MI-BOSPO Number of participating organizations: 11 Number of children reached: 1,464 Number of activities: 14 The Association of Secondary School Students in Bosnia and Herzegovina engaged nine of its local teams in Global Money Week for the second time. Secondary school students from Breza, Brčko, Fojnica, Goražde, Ilijaš, East Sarajevo, Prozor-Rama, Sarajevo and Tuzla gained a

clearer insight in the world of finances by participating in a number of educational workshops and visiting banking institutions. Tuzla, Brčko, Fojnica, Breza and Prozor-Rama had twofold activities – bank visits and educational workshops, while Goražde and Ilijaš took part in the GMW-Selfie Challenge. All of the events received a very positive response from the participants. The Association for Responsible Personal Finance Management “Plus” also organized an educational workshop on the topics of financial literacy for youth in Sarajevo, in cooperation with Association of Secondary School Students in Bosnia and Herzegovina, the Central Bank of Bosnia and Herzegovina and the Banks Association of Bosnia and Herzegovina. The workshop aimed to

empower youngsters to efficiently manage their personal finances, thereby preventing them from falling into financial difficulties. They talked about the importance of personal finance and domestic budget and about how they can save their money for their future. The younger participants were also presented with the best techniques for analyzing their financial “health”. All participants received a manual for personal financial management, a table for domestic budget, a cap with the Global Money Week logo and a certificate of participation

Global Money Week 2016

Botswana Leading organizations: Ministry of Education, Vocational and Skills Training Key Participants: University of Botswana, Barclays Bank, Aflatoun, Botswana Stock Exchange Number of participating organizations: 5 Number of children reached: 600 Number of activities: 6

#TakePartSaveSmart social media campaign aimed at highlighting the factors that lead to financial and entrepreneurial success. As part of this campaign, SSI engaged with some of the countryâ&#x20AC;&#x2122;s successful people to share some tips and knowledge they have gained throughout their career development.

Stepping Stones International (SSI) took the lead for this yearâ&#x20AC;&#x2122;s Global Money Week in Botswana. SSI partnered with various organization to organize a number of activities to commemorate the week. The organization launched the

Other activities marking Global Money Week in Botswana included a visit to the Botswana Stock Exchange (BSX). The purpose of this visit was for the youth to learn about the stock exchange in Botswana and to broaden their mindset when it comes

Global Money Week 2016

to saving in a smart manner. An integral part of the week was the observance of Aflatoun Day. Aflatoun Clubs in the country ran fun and interactive activities on financial literacy. Global Money Week activities in Botswana extended beyond the official one week period. On March 24, local organizers coordinated an educational visit to Barclays Bank. This was done to motivate and inspire the youth to focus on developing their knowledge on financial literacy and the importance of being smart with and saving money.

Brazil Leading organizations: BM&F Bovespa, Mais Ativos, My Finance Coach Number of participating organizations: 12 Number of children reached: TBC Number of activities: 4 This year in Brazil, students participating in Global Money Week had the opportunity to take part in a now traditional, visit to Brazil’s stock exchange, BM&F BOVESPA. While at the stock exchange, they learned how the financial markets function, and as well as the role of stock exchanges within financial systems. Additionally, students learned

about banking products and services, and the importance of saving for the future by using formal financial services. The visit also included insightful stories about BM&F BOVESPA, its history and future and how BM&F BOVESPA became one of the world’s largest stock exchanges and the biggest in Latin America. The organization Mais Ativos also joined the celebrations by visiting schools across the country with interactive workshops and learning sessions. In these lectures, children and youth learned about the

importance of savings and healthy financial behavior, as well as about important factors to consider when thinking about personal finances. A key feature of this year’s celebrations in Brazil was the focus placed on not only money preservation (savings), but on the preservation of the planet. Global Money Week 2016 celebrations in Brazil are paving the way for National Financial Education Week, which was celebrated this year in Brazil from 16 - 22 May.

Global Money Week 2016

Brunei Darussalam Leading organizations: Ministry of Education Key Participants: Ministry of Finance, Autoriti Monetari Brunei Darussalam, Brunei Association of Banks, Brunei Insurance Tafakul Association Number of participating organizations: 122 Number of children reached: 3,700 Number of activities: 14 Global Money Week in Brunei was led once again by the Ministry of Education, in partnership with other leading governmental authorities and financial services associations including the Ministry of Finance, Autoriti Monetari Brunei Darussalam (AMBD), Brunei Association of Banks (BAB), and Brunei Insurance Tafakul Association (BITA). Visits to financial institutions were organized together with the Baiduri Bank, Bank Islam Brunei Darussalam, INsurans Islam Taib General Tafakul, and the Currency Gallery of the AMBD. During the visit to the banks, students got first-hand experience of what happens in a bank through the tour they took around the bank. Additional activities were also provided by the banks to further enhance the children’s knowledge. At the insurance company, students learned about the basic concept of insurance through presentations and activities provided by the company. To complement their two visits, students also learned about

Global Money Week 2016

the history of currencies at the AMBD Currency Gallery, in addition to gaining a better understanding of one of the functions of a central bank. After the visits, students were asked to do group-writing to share their experience of the visit with other schools who did not have the opportunity to go for the visit. Financial Education Lectures and Financial Planning Talks were also delivered by Certified Financial Planners from Bank Islam Brunei Darussalam and Baiduri Bank. This talk aimed for students to be financially equipped in managing their finances when starting their new life stage. The talk also allowed students to learn about money matters through interactive and hands-on activities. The talk was extended to art teachers because they were to lead a special lesson for students who will be participating in the poster competition. Building on these talks, an art and poster competition was also organized. Year 5 students created and submitted posters on the theme: “I save because...”, where the top 10 students were selected as winners and received prizes. The winning posters were showcased during the prize-giving ceremony on 17th March 2016. Along these lines, theatre and plays with kids were also encouraged through the launching of a drama competition. Year 9

students challenged themselves to create 7-minute skits relating to money matters while incorporating the following words/ concepts: budget; save; future; financial planning; loans; credits; needs vs wants. After the preliminary round, the top 3 skits were announced as finalists, where they competed for 1st, 2nd and 3rd place at the prize-giving ceremony on 17th March 2016. Banking on more fun this year, a life-size board game was also organized by the Ministry of Education and the AMBD. A team of three Year 10 students competed with other teams in this life-size board game. This game involved students going through real-life situations, e.g. going to university, getting a job, getting married, having children, buying a house, buying a car, paying for insurance, etc. The winning team won a cash prize. In addition to financial education, the Ministry of Education this year also launched an employment workshop for students. This activity involved the Ministry of Home Affairs, QAF Group, Wing it!, ARMTRIX, and Sweet as Sara. QAF Group’s human resources manager discussed about the hiring processes of employers. Later the three entrepreneurs talked about their experience in starting a business and why they chose entrepreneurship over a full time job.

Bulgaria Leading organizations: Financial Literacy Initiative Foundation, Integra Association, Aflatoun International, European Investment Bank Institute, National Network for Children, Junior Achievement Bulgaria, Bulgarian Stock Exchange, National Revenue Agency, Ministry of Education of Bulgaria, Erasmus Plus, UNICEF Bulgaria, AIESEC Bulgaria, Foundation “Atanas Burov”, Economic Faculty of Sofia University “Climent Ochridski”, AIESEC Bulgaria, Eurobank Bulgaria AD, GrECo JLT, Uniqa, Reiffeisen Bank, and other financial institutions, Net Info, Publicis Consultants MSLGROUP Sofia, Radost Sweet Shop Ltd. Number of participating organizations: 71 Number of children reached: 15,072 Number of activities: 96 The Financial Literacy Initiative Foundation (FLI), a new participant of Global Money Week in Bulgaria this year, organized several different events to celebrate. The FLI Foundation developed lessons and activity methodology for younger students devoted to the savings topic of the Week and distributed it amongst the relevant schools. Over 1450 young students from 13 schools and educational centers from all over Bulgaria took part in a variety of lessons and activities based on the FLI Manual “To Save: How and Why”. They played and they “drew” their dreams, and learned how to finance them. The students commented that they really enjoyed the activities and now they are motivated to save wisely, to spend wisely and to fill their piggy banks to achieve their dreams. Some of the first graders showed an amazingly deep understanding about money, savings and setting goals. Furthermore, over 50 young people from Sofia University Faculty of Economics and Business Administration attended a workshop “Smart money management on the stock markets” delivered by the financial company ELANA Trading.

Junior Achievement Bulgaria also joined Global Money Week for the first time this year, and organized many different events with 27 of its partner schools and other educational institutions that implement JA’s programs and 21 other organizations. For instance, students in Sofia visited insurance company offices and the Bulgarian Stock Exchange, had lessons about banks with a bank officer volunteer and students from arts and sport schools spoke with financial experts. JA also organized three competitions during the Week: an art competition for primary students, a selfie competition for lower secondary and an essay competition for upper secondary school students. The art and essay competitions were announced on 1 March and the results were announced on 18 March. Moreover, a GMW media and social networks information campaign was organized to promote the Week. The massive Facebook and Google AdWords campaigns exclusively targeted young people and their teachers to take part in the activities initiated by JA Bulgaria. In addition, a billboard campaign was launched in 15 locations in the Sofia city center. A television interview for the Bulgarian National Television, Channel 2, was conducted by JA Bulgaria representatives during one of the events and the news was broadcast in the evening news. On 16 March, students from eight Bulgarian schools visited the Bulgarian Stock Exchange accompanied by representatives from the Foundation “Atanas Burov”. The students participated in a “Ring the Bell” ceremony and were then invited to two special lectures organized by the Bulgarian Stock Exchange – “The historic development of the capital market” and “The economic role of the capital market”. Representatives of Bulgarian general, business and financial media were invited to cover the ceremony.

The Integra Association continued to take a very active part in Global Money Week. This year, the Integra Association conducted the savings campaign “Participate, Save smart!”, which ran for three consecutive days. To take part in the campaign, each school was required to register for one to three teams of students, each composed of two to six students. Each team received a “challenge” related to the campaign slogan and then had two days to explore the environment, to offer a plan of an innovative solution formed as a presentation and submit the presentation to the jury. The jury determined the best team who received an award at the international conference, certificates of participation from CYFI, and the team also interviewed with and met local businessman. Moreover, Integra organized a Training for Facilitators “Aflateen saving in school clubs” in Burgas during the Week. The highlight, and the closing of this year’s Global Money Week in Bulgaria, was the International Conference on “Financial education as a lifeskill in Bulgarian and European contexts” on 21 March at the House of Europe in Sofia. The Conference closed the Global Money Week celebrations in Bulgaria and brought together international experts, representatives of governmental bodies, educational institutions, private sector and civil society representatives in the field of social and financial education for children and youth in Bulgaria. In collaboration with CYFI, the conference was organized by Aflatoun International and Integra Bulgaria Association, supporters from European Investment Bank Institute and Erasmus+, the National Network for Children Bulgaria and the Financial Literacy Initiative Foundation.

Global Money Week 2016

Burkina Faso Leading organizations: Faîtière des Caisses Populaires du Burkina (FCPB) Key Participants: AIESEC Burkina Faso, Complexe Scolaire Guingouma, Les Enfants de la Compassions de Saaba, Lycée Saint Joseph Number of participating organizations: 5 Number of children reached: 651 Number of activities: 6 2016 was the 4th successful participation of la Faîtière des Caisses Populaires in Global Money Week! Various trainings on financial education and awareness raising were organized for GMW. Almost 400 people joined these GMW celebrations in Ouagadougou. The Week started with communication and training on financial education at the Complexe Scolaire Guingouma, by the Focal Point for Youth Products from Faîtière des Caisses Populaires du Burkina (FCPB); AIESEC Burkina attended this event as an observer and expressed interest in participating in next year’s edition. After explaining the context of Global Money Week celebrations, questions were asked to the children such as: “What does the word

Global Money Week 2016

‘save’ mean to you?”, “What are children and young people saving for?”, “What can you save aside from money?”, “What could happen if you are not saving at all?”, “Where do you keep your money?”, “What could happen if you are not keeping your money in a bank account?” and “Why will savings help you in the future?” Afterwards, the FCPB has helped them to set goals for the future and to make plans to achieve these goals. All participants were able to complete the savings plans and do the math, keeping in mind realistic and achievable goals. According to the bank, the conclusion can be drawn from this experience that children know what they want for their future and only need to be encouraged and advised to get there. After this exchange, Justin Sandwidi, the Youth Champion of the YouthStart program from the UNCDF, explained to the children what credit unions and their services are, as well as which opportunities young people aged 12 to 25 can have if they adhere to YouthStart. Thereafter, the students had the opportunity to ask further questions about finance, cash services and conditions for opening an account.

The GMW celebrations continued the two following days with further trainings on financial education in two schools: Les Enfants de la Compassion de Saaba and the Lycée Saint Joseph. The trainings first explained the context of Global Money Week and then asked the students to identify a personal goal. The students were prompted to start the planning process in order to achieve this objective, compare different savings premises, determine the benefits of saving and, finally, to take note of the opening procedure of savings accounts for young people. The trainings were interactive and the students were really involved. On 18 March, around 30 students visited the agency of Saaba to better understand the role of banks and the financial system in general. Examples of questions that young people were asked are: “How safe is money?”, “Where does money comes from?”, “What are the interest rates charged by the fund?”, “What studies should be done to work at the FCPB?”, “Can students get a loan from the fund?” and more.

Burundi Leading organizations: SOS Village d’Enfants BURUNDI Key Participants: Banque Burundaise de Commerce et d’Investissement (BBCI), Twitezimbere Microfinance Number of participating organizations: 3 Number of children reached: 477 Number of activities: 2 Two of Burundi’s five SOS Children’s Villages (SOS Muyinga and SOS Rutana) participated this year in Global Money Week. In the South, SOS Rutana planned a student visit to a bank (the local branch of the BBCI) with 25 children on 16 March. Even though it was exam time for students, they gladly accepted the invitation as most of them never had the opportunity to enter a bank with questions. They prepared several of their questions in advance:

- What is the history of money? - Why should I put my money in the bank, instead of keeping it at home? - Why should I open a bank account at the BBCI? - What is a wise money management? - How to use a cheque book? What is its utility? - What are the conditions and steps to make for obtaining a credit? - What is the difference between a microfinance institution and a bank? The knowledge gathered during this meeting will be shared with their friends and classmates at school, thus reaching even more children.

savings and, more specifically, about its financial product “Junior Savings”, available for youth under 18. There were 352 young people (aged 8 to 22) present at this event. After the conference, they were able to ask questions such as: - - - -

How much can we save? When can we withdraw our money? What happens if we change address? What happens if we die?

These activities addressed very concrete questions from the youth and helped the young people to keep the formal financial sector in mind when earning and saving money in the future.

Two days later, in the North, SOS Muyinga organized a conference with Twitezimbere Microfinance in order to inform the local children and youth of the community about

Global Money Week 2016

Cambodia Leading organizations: National Bank of Cambodia Key Participants: Cambodia Microfinance Association, KREDIT Microfinance Institution Number of participating organizations: 7 Number of children reached: 800 Number of activities: 4 In light of the success of utilizing Global Money Week 2015 as a stepping stone for financial literacy awareness within the country, the National Bank of Cambodiaâ&#x20AC;&#x2122;s H.E. Chea Serey, Director General of Central

Global Money Week 2016

Banking, continued to take the lead this year in the countryâ&#x20AC;&#x2122;s aim to build capacity amongst its officials and youth leaders in promoting financial education. The main objective of GMW2016 in Cambodia was to provide a workshop for officials of the Central Bank to work with student leaders from across the country on how they could implement and roll-out initiatives that matter, are effective, and are relevant for the younger generations of Cambodia. The National Bank of Cambodia also worked with the Cambodia Microfinance Association to identify key stakeholders

from microfinance institutions in Cambodia to be invited to receive this training and workshop with the Central Bank. The Cambodia Microfiance Assocation also partnered with the KREDIT Microfinance Institution this year to advance financial education by organizing a series of school visits where they presented the basic concepts of money management, wise money spending habits, the importance of savings and instilling a stronger sense of entrepreneurship amongst primary and secondary school students.

Cameroon Leading organizations: African Dream – Cameroon Center Microfinance Management & Entrepreneurship, Development(CCEMMED) / School of Entrepreneurship & Economic Development Studies (SEEDS), Centre for Youth Finance and Entrepreneurship Development (CYFID), Syndicat National Autonome de L’Enseignement Secondaire (SNAES), YES Cameroun, Youth Business Cameroon Key Participants: Government representation in Bamenda (Divisional Delegation of Employment and Vocational Training in Bamenda, Divisional Delegation of Youth Affairs, Regional Division of Youth Affairs), The National Employment Fund (NEF) in Bamenda, Banque des Etats de l’Afrique Centrale, Afriland First Bank, Bafut Cooperative Credit Union,Bambili Cooperative Credit Union, Bamenda Handicraft Center,Cameroon Cooperative Credit Union, Ntarikon Cooperative Credit Union, Unity Cooperative Society, Bessia, M2B Conseils Sarl (PME), MTN Cameroon, Publicity and Design Sarl (PME), Ecole Supérieure de Gestion (ESG), JSF Polytechnic, University of Bamenda,Lycée Bilingue de Bamenda Ntamulung and its Aflateen youth group, Lycée Bilingue de Down-Town Bamenda and its Aflateen youth group, Lycée bilingue de Dschang, Lycée Bilingue de Nylon Brazzaville, Lycée de Biyem-Assi Yaoundé, Lycée Classique de Bafoussam, Lycée Joss de Douala, Lycée Technique de Koumassi, Presbyterian Bilingual Nursery and Primary School of Ntamulung, Cameroon Baptist Convention(CBC) in Bamenda, Young Entrepreneurs Club(YEC), Jump Start Club Number of participating organizations: 42 Number of children reached: 19,034 Number of activities: 22

Cameroon participated in Global Money Week for the third year in a row – this year expanding the celebrations on a national level to five regions within the country. Throughout the Week, activities and events took place in the center (Yaoundé), Littoral (Douala), the West (Bafoussam et Dschang), the North-West (Bamenda) and the South-West (Buéa). A national coalition of NGOs, including CYFI champion Fon Amos Anye, helped to achieve this initiative by bringing the GMW campaign to half of the country’s regions! Global Money Week started in Cameroon with a round table, various games and theatre plays at the Lycée Technique de Koumassi in Douala. The results of an essay competition on “money, savings and entrepreneurship” were publically launched in the beginning of March so that the students had enough time to prepare convincing papers. On 15 March, Youth Business Cameroon (YBC) organized an open forum under the main theme of GMW 2016 “Take part. Save smart!” at the bilingual government high school of Nylon in Douala. Students were taught about savings, savings options and the importance to own a bank account. Students in Dschang also visited the local agency of Afriland First Bank. These visits provided students with a real-life experience of how these institutions operate and allowed them to better apprehend the financial system. On 16 March, two cities, Buéa and Bafoussam, planned their key GMW events together with schools, universities and partners. Activities such as skits, presentations, debates about

entrepreneurship and financial education, and quizzes on money-related topics were conducted, as well as bank visits – including a visit to the Central Bank (BEAC) in the nation’s capital of Yaoundé . Furthermore, with the help of MTN Cameroon, YBC organized, a round table discussion in Douala which brought together experts, bankers and students from the Lycée Bilingue de Nylon Brazzaville. On 17 March, the same activity was organized in Douala with the Aflateen youth group of the Lycée Joss. Simultaneously, in Bamenda, the large closing event of the 2016 GMW celebrations in Cameroon took place: a conference on Youth Financial Inclusion for Economic Citizenship at the Presbyterian Hall Ntamulung. This final event had more than 268 youths, adults, teachers and representatives of financial institutions, NGOs and governmental bodies present. Still on the 17th, an Entrepreneurship and Financial Education Forum was organised in Yaoundé by YES Cameroon, in partnership with the savings cooperative UNICS. The forum informed the youth, mostly secondary and high school children, on the value of entrepreneurship, financial literacy and management. Selected students then had the opportunity to visit the office of UNICS the following day. The students were very satisfied and left with a different impression about money and finance. As a result of all these planned activities, and thanks to the tremendous action of a national coalition of partners organizing these events, this year’s edition of GMW achieved the largest Global Money Week outreach in the country so far!

Global Money Week 2016

Canada Leading organizations: Canadian Foundation for Economic Education, TMX Group Key Participants: Financial Consumer Agency of Canada, Credit Canada, Chartered Professional Accountants of Canada, University of Toronto â&#x20AC;&#x201C; Rotman School of Management, Enactus Canada Number of participating organizations: 7 Number of children reached: 2 Number of activities: 1

Global Money Week 2016

Canadian celebrations for Global Money Week 2016 centered on the ringing of the opening bell of the TMX in Toronto on March 18th. This event was led by CYFI and the Canadian Foundation for Economic Education, with participation from The Chartered Professional Accountants of Canada, Credit Canada, Enactus Canada and the Behavioural Economics in Action at Rotman Rotman (BEAR) School of Management (University of Toronto). This was the first time that the opening bell was

rung for GMW at the TMX and called attention to the importance of financial literacy and Child and Youth Friendly banking in Canada. The Financial Consumer Agency of Canada also supported Global Money Week through newsletter and social media postings, drawing attention to the work of the National Steering Committee on Financial Literacy in promoting financial education for children and youth across the country.

Cape Verde Leading organizations: Cape Verde National Poverty Alleviation Program Key Participants: Elementary School of Safende, Group of young artists of Praia City Number of participating organizations: 3 Number of children reached: 32 Number of activities: TBC Cape Verde joined Global Money Week celebrations for the first time this year, with three days of activities planned in the capital

between the 16 - 18 March. On Wednesday, a session on the topic “Money as a friend for youth” was held for students between 13 and 18 years of age. The students also had some time allotted for them to ask their questions after the presentation about GMW, the origins of money and the importance of saving. The following day, the same session was hosted by the Elementary School of Safende, for children between 10 and 12 years of age. Finally, a workshop on

the thematic “Earn, manage and save money” took place for a group of young artists.

Global Money Week 2016

Chile Leading organizations: Superintendencia de Bancos e Instituciones Financieras – Chile, Banco Central de Chile Key Participants: Complejo Educacional Manuel Plaza Reyes – Lampa, yousobienmidinero Number of participating organizations: 4 Number of children reached: 1,690 Number of activities: 3 The Central Bank of Chile participated this year in Global Money Week as one of the pioneering institutions of Latin America’s Regional Rally. In this activity, more than 10

Global Money Week 2016

organizations at the region level came together to take children and youth on an exciting adventure that encouraged them to learn about savings, about the benefits of saving money in formal financial institutions, about their own financial behaviors and about the challenges that youth face in today’s financial systems. The Superintendencia de Bancos e Instituciones Financieras (SBIF) concentrated this year’s Global Money Week activities in a public school in Lampa, a town near Santiago, attended by the

region´s socio-economically vulnerable youth. The SBIF gave a massive lecture to explain the objectives of Child and Youth Finance International, Global Money Week and the importance of “saving smart”. The students were also encouraged and reminded to participate in CYFI’s social media challenges throughout Global Money Week, the international symbol of saving. SBS established an impressive 98% participation rate amongst the students in the GMW celebrations.

China Leading organizations: Shanghai Be Better Education Development Cenre Number of participating organizations: 25 Number of children reached: 11,452 Number of activities: 51 Global Money Week 2016 was celebrated in China with the Shanghai Better Education Development Center “Be Better” leading within the country. The celebrations included multiple types of activities such as in-class lessons, fun and interactive games, creating of their own money boxes and implementation of various club activities following the Aflatoun program. Be Better China, together with Aflatoun, conducted key activities, reaching 24 schools within the week. The activities targeted children in order to grow and strengthen daily habits, especially their attitude towards saving, spending, and self-awareness. Additionally, Be Better

China further expanded its reach this year by implementing a plethora of activities across six cities in China: Beijing, Shanghai, Shenzhen, Chengdu, Guiyang, and Suzhou. In each of these activities and cities, the goal was to influence and teach kids, teachers and parents about how they can approach money and resources more responsibly in their daily lives. However, more than this, Be Better also wanted to emphasize to participants the importance of thinking both of their present and future finances. One of the unique activities spearheaded by Be Better this year was teaching kids about the concept of an Auction Center. Be Better organized an auction in Beijing Aflatoun Center. The children were so excited to take part at the auction, making bids on things with their “Alfatoun money” while auctioning off their own belongings. At the beginning of the auction, children were

going through their Aflatoun money very quickly in making bids. Eventually, they learned how to mark-up prices with the auction paddles at the auction. The auction gave the children an understanding of how to use their money in a proper way in an auction setting. In ZhuQiao primary school, Be Better organized family survival challenge games with the children. The games helped the children to understand the difficulty of earning money and to start thinking about the concept of saving and spending properly for the future. The game helped them to realize that they may face unexpected financial costs, emphasizing the importance of reducing risks through the accumulation of assets or buying insurance. The game also helped them to understand the importance of taking part in community activities and interacting with people around them.

Global Money Week 2016

Colombia Leading organizations: Autorregulador del Mercado de Valores de Colombia – AMV, Asobancaria, Banco de la República, Banca de las Oportunidades, Fundación Plan, Fasecolda, Ministerio de Educación de Colombia Key Participants: Fiduciaria Central, Fiduciaria de Occidente, SAI Seguridad, Seguros Bolivar, AFP Porvenir, AFP Colfondos, Grupo Corpbanca – Helm, BTG Pactual, Asofiduciarias, Asofondos, Banco Mundo Mujer, Bancompartir, Banco AV Villas, CorpBanca, BBVA COLOMBIA, Jóvenes por las Finanzas, Banco Agrario De Colombia, FINAGRO, Bancolombia, Davivienda, Bancoomeva, Bancamía, CajaHonor, Fundación Amanecer, Superintendencia Financiera, Seguros Mundial, Financiera Comultrasan, Servimcoop, Contactar, Confincafe, Cooptenjo, Colegio Olga González, Casa de la Cultura (Casa Amarilla). Municipio de Bayunca, Universidad Tecnológica de Chocó, Organización de jóvenes primavera, Comunidad de Candelillas carretera, Comunidad Imbili, Comunidad Tangeral del Mira, Comunidad puertas del Sol, Junta communal Villa Rica, Monitores deportivos, Profesional de juventud de alcaldía Villa Rica, dpto Cauca., Comunidad de San Antonio (Jamundí), Comunidad el Descanso, Comunidad Chilvi, Comunidad las Américas, Familias en Acción, Univalle, RCN, Publimetro, Portafolio, Colegio Liceo Patria Primaria y Bachillerato (Ejército

Global Money Week 2016

Nacional de Colombia), Colegio Nuestra Señora de Fátima (Policía Nacional de Colombia), Colegio Armada Santa Fe de Bogotá (Armada Nacional de Colombia), Coomuldesa (Aflatoun Partner) Number of participating organizations: 63 Number of children reached: 5,688,992 Number of activities: 416 To celebrate Global Money Week, the Ministry of Education specially developed school activities for the Week for 1st – 10th grade teachers. The Ministry wanted both students and the teachers to be more involved with Financial and Economic Education, and sought to increase awareness not only through math, but also through social studies and languages, as basic skills for financial education (such as smart decision making regarding management of natural and financial resources) can be developed through various academic areas. These activities were shared directly with the Secretary of Education of each department for wide circulation amongst schools. The GMW activities were also shared through the website “Red Maestros”, designed for teachers, as a useful resource for their classes. Furthermore, various contests were organized by the GMW Colombia Committee, which consists of representatives from Banco de la República, Fundación Plan,

Banca de las Oportunidades, Asobancaria, Ministerio de Educación, Fasecolda and AMV: • In December 2015, the committee organized a contest for the best slogan in Spanish for Global Money Week. There were two winners, one for the best slogan, #AhorroParaMiFuturo, which was used during the celebration, and the other for the most amount of “likes” on Facebook for the proposed slogan. Each winner was awarded a tablet, but the slogan winner also won a free course in personal finances from his ninth grade teachers and a savings workshop given by Banco de la República (the Central Bank). • Financial Education Rally with PQR codes • The Savings Board contest A Mobile exhibition about the history of money and bills, as well as the history of entrepreneurs, from Santander, Colombia was also created, along with an exhibit /fair “Education and financial inclusion” with savings workshops for kids and educational material from different organizations that was organized in San Andrés, Colombia. Furthermore, children and youth took part in a “painting the savings landscape” activity, and made messages alluding to saving and saving smart, a walk was organized through the main streets to share these messages with the people around in the municipality of Turbaco.

Croatia Leading organizations: Ministry of Finance Key Participants: Ministry of Science, Education and Sport, Ministry of Economy, Croatian National Bank, Croatian Financial Services Supervisory Agency, Croatian Banking Association, Croatian Insurance Bureau, Croatian Employers’ Association, Zagreb Stock Exchange, Croatian Chamber of Economy, The Association of managing companies of pension funds and pension Insurance companies, Society “Our children” Opatija Number of participating organizations: 118 Number of children reached: 8,941 Number of activities: 158 GMW2016 in the Republic of Croatia was coordinated by the Ministry of Finance and involved many other stakeholders from the governmental and financial sectors, including the Ministry of Economy, the Ministry of Science, Education and Sports, the Croatian National Bank and other organizations. Celebration of the Week started with the traditional roundtable discussion on 14 March, organized by the Ministry of Finance and Ministry of Science, Education and Sport under the title “Financial Literacy and Youth.” The main objective of GMW was to encourage the activities and systematic education of citizens, especially youth, in the field of financial literacy. During Global Money Week, a number of activities were organized including round tables, student visits to governmental and financial institutions,

student debates, lectures for high school students across Croatia, prize contests, presentations and more. In addition, financial institutions assisted with informing the young citizens about the work of banks, insurers, pension funds, the Zagreb Stock Exchange and other financial institutions. The Ministry of Science, Education and Sports sent a letter to the principals of schools regarding the celebration of the GMW and encouraged student visits to financial institutions, which were organized in order to inform students about their functions. The Croatian Chamber of Economy organized a conference “Financial Literacy and higher education institutions” in cooperation with the Faculty of Economy in Osijek and the Legal – Economic Clinic in Osijek, as well as other lectures and roundtables during the Week, along with the Zagreb Stock Exchange (ZSE) who hosted educational student visits throughout the Week. Moreover, the Croatian National Bank conducted public debates, panel discussions and a symposium “FORCA 2016: Financial Education – Prudential Life Cycle Activity” on 17 March, as well as special lectures for more than 700 higher grade students of the secondary school from around the country. The Croatian Banking Association published a Financial Guide for Youth and Infographics on Financial Literacy Measurement results conducted by regulators. Banks hosted high

school and university students. By holding presentations and lectures for visiting classes, while some bankers visited the schools directly. Many other events were organized by the Croatian Insurance Bureau, the Croatian Financial Services Supervisory Agency (HANFA), the Association of Managing Companies of Pension Funds and Pension Insurance Companies (UMFO) and other organizations. Society “Our children” Opatija, together with Children City Council Opatija and Children’s Forums of Society “Our Children” Opatija, conducted workshops with children in primary schools on the subjects: “Money and Local Community”, “Money, Saving and Budget”, “My Piggy Bank for Future” and “Learning About Money and Saving.” The objective of the workshops was to raise awareness about the importance of saving by educating children about the history of money, local community and household money flow, differences between needs and wants and the importance of thinking about the future and saving resources. The events aimed to raise awareness about the importance of saving different resources and taking care of the planet and our future, emphasizing that every little act can make big difference. Children from Children’s Forums and Children’s City Council Opatija were also encouraged to take part in GWM Selfie Challenge.

Global Money Week 2016

Cyprus Leading organizations: Bank of Cyprus Cultural Foundation Key Participants: Museum of the History of Cypriot Coinage Number of participating organizations: 2 Number of children reached: 120 Number of activities: 4 Throughout the year, the Museum of the History of Cypriot Coinage, part of the Bank of Cyprus Cultural Foundation, opens its doors to hundreds of students who are eager to learn about the history and the importance of money, both in Cyprus and globally. As Cyprus is comprised of a rich cultural heritage, this museum hosts an impressive collection with each coin having an explanation of measurements, weight and depicted icons. Throughout Global

Global Money Week 2016

Money Week, Cypriot students had the chance to attend this Money Museum and to take part in interactive learning activities. Four sessions of the Educational Program “Gods and Heroes” took place during Global Money Week where 120 pupils of the Primary Education participated. The students experienced an interactive introduction, followed by a visit into the museum, as well as the multimedia interactive touch-screen application “From the electrum to the euro”. The 23 showcases of the museum consist of more than 500 coins. These are divided into nine chronological periods which trace Cyprus’ tumultuous history, beginning with the first coins minted on the island in the 6th century BC to the present day. The historical

aspect was compiled in the ‘Gods and Heroes’ program that ran throughout the Week. Mythology and heritage is drawn upon when comparing the ancient and modern coins by measuring the metal work, values, minting (stamp used) and the issuing authority. The program further elaborated on the iconography and typology of coins through the attractive subject of Greek mythology and its symbolic importance on coins. Other activities such as interactive exercises and art drawings challenged the newly acquired knowledge of the youth on the history of coins and their money know-how.

Democratic Republic of the Congo Leading organizations: Central Bank of Congo, Association pour la Promotion de l’Education à l’Entrepreneuriat au Congo (APPEC-Education), Perex-CV/ Vision Globale d’Orientation des Jeunes Key Participants: Ministry of Primary and Secondary Education and of the Initiation to the New Citizenship (MINEPS-INC), Coopec Mucec, Programme d’Appui au Secteur de la MicroFinance (PASMIF), German Development Cooperation Agency (GIZ), Association Congolaise des Banques (ACB), Association Nationale des Institutions de Micro-Finance (ANIMF-RDC), Association Professionnelle des Coopératives d’Epargne et de Crédit R.D.C. (APROCEC), Confédération des Petites et Moyennes Entreprises Congolaises (COPEMECO), Advans Banque Congo, Banque Internationale pour l’Afrique au Congo (BIAC), SODAK, Trust Merchant Bank (TMB), Coopec MEC-CAPROS, Coopec MEC-IDECE, Coopec Bomengo, Coopec Bomoko, Coopec Mufessakin, Mecreco (Mecre Kinshasa, Ngaliema and Masina), Finca, i-Finance, Altitude Concept, Aflatoun International, Reseau Race, 3 universities, 31 Schools, 15 Aflatoun Youth Groups in Kinshasa Number of participating organizations: 154 Number of children reached: 57,377 Number of activities: 213 With three leading organizations raising awareness about financial education and inclusion in the country, 2016 was an impressive Global Money Week 2016 for DR Congo! The activities of the Central Bank of Congo involved almost 19,000 participants during the Week, which was a massive increase for the Bank’s second time participating in GMW celebrations. For three entire days,

the Bank opened its doors to nine schools from different districts in Kinshasa where they could: • Visualize the history of money production and the life circuit of a bank note • Visit the money museum • Visit the department for treasury and the grinding room for bank notes that are improper for distribution • Play financial quiz games with senior executives from the Central Bank GMW then continued for the following two days with discussion panels about savings between financial institutions and students from 11 schools. In parallel throughout the Week, the professional associations organized visits of financial institutions to schools, and of students to financial institutions, where conferences and debates took place about various financial issues. APPEC-Education, one of last year’s leading organizations of Global Money Week, in collaboration with its partners ACB, AMIMF, APROCEC, and COPEMECO, reached out to almost 9,000 young people throughout the Week. With the support of GIZ, visits were organized for school and university students to banks, credit unions, and – newcomer this year to GMW – Congolese microfinance institutions. These visits gave youth, parents and teachers the opportunity to learn more about these financial institutions, the financial products available for children and youth and their advantages for money management. Many students already wanted to open bank accounts on the spot, but financial institutions encouraged them to proceed with the opening of bank accounts directly in the schools, under the supervision of the teachers and with

parental authorization. Money management and savings was also the theme of Saturday’s sessions on creating a budget and savings options, which combined educational content with fun games. In addition, the participating schools agreed to have 25 minutes of financial education in class every morning before the visits. Finally, two workshops were organized for the youth, which focused on money management and savings. Furthermore, as a follow up, APPECEducation dedicated to continue raising awareness about financial education after the Week by organizing an art exhibition “Finance in pictures” (“Finances en images”), which is hosted by APROCEC for an entire month and is expected to reach at least 300 people. This exhibition was made possible thanks to the help of A+B=3, an organization supporting the Congolese GMW from Hong-Kong! Perex-CV, also leading GMW activities for the second time in DRC, organized three days of activities in Butembo. They reached out to local authorities to explain what GMW was and the importance of teaching children and youth about money. Visits with participating schools were made to financial institutions to share their work and function with students. Perex-CV insisted on the utility of bank accounts during the visit at the SODAK microfinance institution, and ten youth have since then benefited from free bank account openings. GMW was a new event in Butembo, and it helped youth understand the importance of saving smart for entrepreneurship and investment. The banks asked Perex-CV to continue to raise awareness about sound money management so that the youth can start their enterprises.

Global Money Week 2016

Denmark Leading organizations: Danish Bankers Association, Danish Association of Mathematical Teacher Key Participants: The Danish Consumer Council, Financial Services Union Denmark, Danish National Police, About the Agency for Digitisation Number of participating organizations: 606 Number of children reached: 21,000 Number of activities: 607 Since 2015, financial education has been a compulsory part of the Danish national curriculum for primary school pupils in 7th-9th grade (aged 13-15). As part of the curriculum, pupils learn about budgeting, savings and comparing different types of loans; they also learn more about their rights as consumers and the economic circuit,

Global Money Week 2016

where banks transform short term deposits into long term loans. Last year, pupils who participated in Danish Global Money Week had financial education as a major part of their school lessons. This year, interactive games, educational videos and traditional teaching methods were the corner stones of the initiative. Around 20,000 pupils and 500 schools participated in Danish Global Money Week 2016. All of the pupils were educated about private financial matters and learned how to make a budget, how to save money and how to make the most of their money. A central part of Danish Money Week was the game â&#x20AC;&#x153;Reach Your Goalsâ&#x20AC;?. This game was a competition where pupils participated in groups and faced a series of dilemmas and

mathematical financial challenges. The winning group received a prize at the end of the Week. In 2016, the leading organizations of the Week, supported by the Danish National Police, also focused on digital security. The Danish Bankers Association made a homepage with the aim of educating young people about digital behaviour: how to avoid password theft, phishing and how to take care of personal information. The focus on digital security was developed to address the challenges young people face in their everyday, digital lives. This platforms consists of movies, a quiz and more, which created a basis for a discussion in the classroom.

Dominican Republic Leading organizations: Central Bank of the Dominican Republic Key Participants: ADOPEM, Argentarium, Asociación Cibao de Ahorros y Préstamos, Asociación de Bancos Comerciales (ABA), Asociación de Instituciones Rurales de Ahorros y Créditos (AIRAC), Asociación La Nacional de Ahorros y Préstamos, Asociación la Vega Real (ALAVER), Asociación Popular de Ahorros y Préstamos, Aula Hispana, Banco ADEMI, Banco BHD-León, Banco Caribe, Banco de Reservas, Banco del Progreso, Banco Popular, Banco Unión, Banesco, Bolsa de Valores de la República Dominicana, CAPGEFI/Ministerio de Hacienda, Centro de Exportación e Importación (CEIRD), Children International, Ciencia Divertida, Ministerio de Industria y Comercio, Progresando con Solidaridad/ Vicepresidencia de la República (PROSOLI), Superintendencia de Bancos, Superintendencia de Pensiones, Superintendencia de Valores, Visa

Number of participating organizations: 28 Number of children reached: 4,250 Number of activities: 12 Mr. Hector Valdez Albizu, Governor of the Central Bank of the Dominican Republic, inaugurated Global Money Week 2016 in the country. In his speech, he stressed the importance of contributing to economic education and financial inclusion, especially for the children and youth of the country. He reiterated the commitment of the Central Bank to provide continued support for initiatives undertaken in this direction. This year’s Global Money Week in the Dominican Republic was not short of creativity, one of the trademarks of this Caribbean nation. GMW activities included: Money Detective, a game aimed to teach children and youth about the importance of recognizing legitimate money and knowing the characteristics of the local currency, el peso. Children and youth learned about

variations of prices and other macroeconomic indicators in the Inflation Laberynth, and had the opportunity to showcase their economic knowledge in an Economic Trivia game where they learned about, amongst other things, inflation, balance of payments and the currency exchange market. All of these activities, and many more were part of what the Central Bank of the Dominican Republic and its allies prepared for the third edition of Global Money Week in the country. Children and youth learned about monetary policy in the Dominican Republic by playing interactive games in a specially designed game-hall at the bank, and also took a guided tour of the Numismatic and Philatelic Museum. Furthermore, for the second consecutive year, activities were conducted at the Central Bank’s Regional Office in Santiago and included workshops, games and a theater play.

Global Money Week 2016

East Timor Leading organizations: ChildFund TimorLeste Key Participants: Aflatoun Number of participating organizations: 6 Number of children reached: 260 Number of activities: 5 For the first time, Global Money Week was celebrated in East Timor (or Timor-Leste) this year. ChildFund Timor-Leste took the lead in coordinating child social and financial education sessions and a Youth Talk / Skype Call. ChildFund Timor-Leste coordinated this through Aflatoun clubs in 4 schools in two districts (Liquica and Covalima).

Global Money Week 2016

In line with the Aflatoun program, ChildFund Timor-Leste has delivered quality child social and financial education for young people and have established Aflatoun clubs. The Aflatoun clubs help maintain the motivation of students to build their financial capability and save through coin boxes â&#x20AC;&#x201C; or some to even open their own bank account. The students also participated in a skype call or Youth Talk with children from the Philippines, where they were able to talk about their experiences learning about social and financial education, the importance of saving, and connecting with children from another country. The clubs

from Liquica are from Vatunaua and Laclolema Elementary Schools have a total of 60 active children â&#x20AC;&#x201C; provide information and experiences to other children. The children also brought with them their coin banks. Impressively, 4 of the children who carried their coin banks have shifted to saving their money through a bank.

Ecuador Leading organizations: Superintendence of Companies, Securities and Insurance Key Participants: Bolsa De Valores De Guayaquil, Children International, Asociacion De Bancos Privados, Comité Ecuatoriano De Educacion Financiera Number of participating organizations: 4 Number of children reached: 50 Number of activities: 9 This year, the Superintendent of Companies, Securities and Insurance led the Global Money Week celebrations in Ecuador, focusing its celebrations in Guayaquil.

Children and youth participating in Global Money Week 2016 in Ecuador had a full day of fun and educational activities on 15 March, hosted by the Guayaquil Stock Exchange. Amongst other activities such as stock market simulations, financial education games and workshops, 50 children and youth participated in the flagship “Ring the Bell” ceremony during the opening of the stock exchange in Guayaquil. Ecuador also participated very actively in this year’s social media challenges, in particular the Global Money Week Selfie Challenge.

The private sector in Ecuador also took part in the GMW celebrations with great enthusiasm. Grupo Aval launched several financial education campaigns during the Week, as well as a major social media outreach campaign. The Association of Private Banks of Ecuador joined the celebrations, hosted by the Superintendence of Companies, Securities and Insurance, in an effort to showcase the long lasting partnership of the organizations in pursuit of a common financial education and inclusion objective in the country.

Global Money Week 2016

Egypt Leading organizations: Egyptian Banking Institute Key Participants: Central Bank of Egypt, Egyptian Financial Supervisory Authority, Ministry of Finance - Ministry of Education, Ministry of Youth & Sports, Egyptian Exchange (EGX), Banque Misr, The National Bank of Egypt (NBE), Arab African International Bank (AAIB), Export Development Bank of Egypt (EBE), Housing and Development Bank (HDB), Societe Arabe Internationale de Banque (SAIB), National Bank of Kuwait- Egypt (NBK), QNB Al Ahly (QNB AA), Commercial International Bank (CIB), Credit Agricole Egypt, Barclays Bank, Banque Du Caire, Cairo University, Assiut University, Ein Shams University, Beny Suif University, And 200 schools, universities and youth clubs and communities more Number of participating organizations: 1,870 Number of children reached: 52,000,000 Number of activities: 40,087 Throughout the Global Money Week 2016, the Egyptian Banking Institute along with partners reached nearly 2 million children and youth through direct outreach by conducting awareness sessions in schools, universities and youth centers, and more than 50 million through indirect outreach through television, radio and media! Involving more banks and stakeholders, and building up their capacity through master trainings, was a key tool for disseminating financial awareness during the Week. Measuring impact and encouraging children and youth to open new saving accounts was a key indicator that EBI was focusing on throughout the Week. Entrepreneurship and employability was another main focus of GMW 2016, through implementing Training for Employment and Training for Entrepreneurship programs to 12 governmental universities under the auspices of the Central Bank of Egypt. All stakeholders in Egypt worked together to

Global Money Week 2016

“Take Part, Save Smart” during the 2016 Global Money Week. As part of Shaping the Future preparations for Global Money Week 2016 activities, EBI held training sessions for ministries representatives, volunteers and university students to become certified trainers to teach children and youth around Egypt about financial awareness and improve their financial literacy. During the GMW 2016, Financial literacy awareness sessions were offered for children, youth and for adults this included sessions for several children and youth during Egypt’s World Kidney Day. In addition, volunteers from Together Association provided financial literacy awareness sessions to students in several schools in Minia and volunteers from the Arabic Center for Services and Development presented financial awareness sessions to children from under privileged areas such as Ezbet El Nakhl. Other activities for children included educational games, arts and crafts, different art, photography and essay competitions, and tours. Furthermore, this year university students had the opportunity to attend Financial Awareness session hosted in the bank branches where the sector heads of the bank explained the role of banks’ different sectors and how they serve the economy. Banque Misr, Export Development Bank of Egypt and SAIB Bank and the Egyptian Stock Exchange opened their doors to children and youth tours during the week, during these tours children and youth where able to identify the role of the banks and the stock market in the economy as well as the different financial careers. Moreover, Banque Misr allowed students to visit the dealing room and Talaat Harb’s money museum. High-level discussions, seminars, and other educational sessions were organized (face

to face) for children and youth. EBI organized visits to the local businesses for the school students to gain practical knowledge of running a business. Egyptian Banking System Model (EBSM), in partnership with EBI and the Faculty of Economics and Political Science, arranged a seminar discussing the importance of Financial Literacy allowing students to interact with policy makers and discuss the barriers of financial inclusion. Stock Exchange awareness sessions were held for University students by the Egyptian Stock Exchange experts who explained how the stock market works, the history of the Egyptian stock market and the role of the stock market in the Egyptian economy and its relationship with other entities. EGX welcomed a number of students from the British University in Egypt (BUE) and from Cairo University, where they had the opportunity to ring the bell. The Global Money Week activities also encompassed educational booths, and financial competitions and contests. For example, participants took part in activities like drawing workshops, entrepreneurship competitions, and a short story writing workshop. There was a booth from the Cairo University Faculty of Economics and Political Science from Sunday 13/3 to Thursday 17/3 to increase knowledge on banking and financial awareness. Professors from the University quizzed students each day at the booth and online on topics related to financial inclusion and the prize was in the form of prepaid cards. Some of the competition titles online included, “Collection of Cheques in Currencies”, “The Problem of inflation”, “What is the Solution to the Problem of the Exchange rate?” and many more held by the Egyptian Banking System Model (EBSM) via Facebook. Students and youth also participated in the CYFI – GMW Selfie Competition on social media.

El Salvador Leading organizations: Banco Central de Reserva de El Salvador, Instituto de Garantía de Depósitos, Defensoría del Consumidor, Ministerio de Educación, Banco de Desarrollo de El Salvador Key Participants: Sparkassenstiftung für international Kooperation, Banco Hipotecario, Banco de Fomento Agropecuario, Banco ProCredit, Banco Agrícola, Banco Davivienda, Banco Azteca, Banco América Central Number of participating organizations: 38 Number of children reached: 1,500 Number of activities: 8

GMW 2016 was celebrated in El Salvador through a number of activities throughout national competition was held on developing savings projects, which involved a group of students from each participating institution. The top 3 places received savings accounts and additional awards. There were also presentations on the importance on building savings, and a financial education magic show. Students were also given the opportunity to prepare dramatic productions related to money matters. Financial and Entrepreneurship Fairs were also held for the youngsters.

During the week guided tours of the Library and the Luis Alfaro Durán Museum were also held for students to learn about the history of money, markets and financial responsibility. At the close of the week, additional Financial Fairs were held, including a musical performance on the main theme of savings. Presentations on entrepreneurship and responsible consumption were given and the youngsters were able to play a number of fun interactive financial games.

Global Money Week 2016

Estonia Leading organizations: Entrepreneurship Theatre NGO Key Participants: Ministry of Finance Ministry of Education and Research Lääne-Viru College of Applied Sciences Europe Direct Lääne-Virumaa Rakvere Smart House Competence Centre West-Viru County Government City of Rakvere Number of participating organizations: 11 Number of children reached: 200 Number of activities: 20 On 15 March, at the Rakvere Smart House Competence Center, several savings themed games competition and an awards ceremony took place. The awards ceremony began with opening words from the Rakvere Smart House Competence Centre board member, Mr. Rasmus Lindmaa, the Mayor of Rakvere, Mr. Mihkel Juhkam, and the West-Viru County Governor, Mr. Marko Torm. Furthermore, a representative from the Ministry of Finance, Ms. Anu Olvik, talked about the spread of financial literacy amongst young people. After the speeches, authors of the best works were credited and their works were presented at the end of the ceremony. Award ceremony Entrepreneurship Theatre NGO invited schools to participate in a saving themed games competition. Entrepreneurship Theatre NGO and its partners are holding a competition on compiling games on the subject of saving in honor of the

Global Money Week 2016

international money week. Authors of the best works will be credited and their works presented during the award ceremony at Rakvere Smart House Competence Centre on 15th March 2016.

three categories: business ideas, business plans and business projects. During the closing ceremony, six business ideas, four business plans and four projects were presented.

Entrepreneurship Theatre NGO invited all primary school students to participate in the competition in three different age groups. An organizers expected works in the form of board games, virtual games and else. 16 games were submitted to the competition and 48 contributed to the making of this games/them.

Bring the Idea Into Action The conference day starts with opening words from our co-work partners, then the visiting presenters, the practitioners will have the floor and their speeches will be followed by presentations of the contestants.

The winning works rewarded with a financial award provided by the Ministry of Education and Research, Ministry of Finance, Europe Direct Lääne-Virumaa and Entrepreneurship Theatre NGO. Rakvere Smart House Competence Centre, the City of Rakvere and West-Viru County Government supported the award ceremony. On 16 March, in Lääne-Viru College of Applied Sciences, the conference “Bring the Idea Into Action” took place for the 14th time. The main purpose of the conference was to offer to the local young people, including various scholars, interesting and thought-provoking presentations from the field of entrepreneurship, business ideas and project work. The conference began at 9.00am with opening words from co-work partners, followed by visiting presenters and practitioners. For students of vocational or higher studies, contests were set up in

At least 6 business ideas, 4 business plans and 4 projects will be presented. The first and the most uncomplicated contest level is the category of ideas weather business or social entrepreneurship ideas, which do not concentrate on profitability but on finding a solution to the social problems. The second category is for business plans, which expect deeper market research, market analysis and financial prognosis to be involved. The third category of the contest is for projects accomplished in the social-life field or designed for implementation in it. The main purpose of the conference is to offer to the local young people, including scholars of different levels, interesting, thought-provoking presentations in the field of entrepreneurship, business ideas and project work.

Ethiopia Leading organizations: Dr. Abeselom Samson - R&D Group/Cordaid (CYFI Champion) Key Participants: Enat Bank, Nisir Microfinance Institution, Addis Ababa University, National Bank of Ethiopia, Ethiopia Commodity Exchange, Rotary Club of Addis Ababa, AIESEC Ethiopia, L-IFT, Aflatoun, Dorca Aid (Aflatoun Partner) Number of participating organizations: TBC Number of children reached: 1,000,000 Number of activities: TBC Ethiopia reached over one million children and youth this year during their Global

Money Week celebrations. The East African country announced its participation in GMW in February 2016 at a press conference held at the headquarters of Enat Bank in Addis Ababa. The event brought together all stakeholders involved in this year’s Global Money Week. Dr. Abeselom Samson Yosef, the CYFI Champion for Ethiopia, coordinated the activities of various institutions during the week. Dr. Yosef has embarked on a campaign to collect information on “why children and youth save” by directly asking young people to write saving goals on a banner. More than 50 youngsters have already written on this banner, which was

then presented to Child and Youth Finance International after Global Money Week. Activities to mark this year’s Global Money Week campaign included financial literacy campaigns, a football competition, music and dance events, “open days” for children and youth at financial institutions, an educational tour of the stock exchange, as well as a visit to the National Bank of Ethiopia.

Global Money Week 2016

Fiji Leading organizations: Reserve Bank of Fiji Key Participants: Ministry of Finance Fiji, Ministry of Education Fiji Number of participating organizations: 29 Number of children reached: 3,865 Number of activities: 5 Celebrations for Global Money Week in the country were led by the Reserve Bank of Fiji (RBF). Continuing their efforts in empowering young people to become responsible economic citizens, the RBF promoted and shared the importance of being ‘money-wise’. This was done through various activities across the week, included the distribution of learning materials to develop money-wise habits and listening to young people’s views on how they could

Global Money Week 2016

reshape their economic futures. Activities organized this year were built on those of previous years that have proven to be successful. “Be Money Wi$e – securing my future goals today”, an essay competition on GMW 2016’s theme of “Take Part. Save Smart.” was launched before the start of Global Money Week where students from across the country could participate. These essays were then judged and awarded at the end of Global Money Week. Additionally, these essays were also used by the bank to listen to the voices of the youth and understand their concerns and aspirations towards saving and money habits.

Further to this, the activities during GMW 2016 also included distributing financial literacy materials and holding classroom sessions about money management, making better decisions between a want and a need, always taking into consideration the future, and fostering the habit of saving. Representatives from the Reserve Bank of Fiji have shared that the experience for kids has been overwhelmingly positive. Moreover, the kids have been very grateful for both the school materials and the new lessons they have learned about how they could manage their allowances today, and be good in managing their salaries or businesses in the future.

Finland Leading organizations: Bank of Finland Key Participants: Schools Number of participating organizations: 2 Number of children reached: 50 Number of activities: 1

Between 15 â&#x20AC;&#x201C; 18 March 2016, the Bank of Finland hosted educational visits for students to the Money Museum. During these activities, children and youth received information about the history of money and monetary policy, as well as about notes and coins.

Global Money Week 2016

France Leading organizations: African Youth Advocate Platform Key Participants: Mladi Info, Arab Youth Climate Movement, Halal Incorp: Social Impact, Number of participating organizations: 141 Number of children reached: 491 Number of activities: 1 2016 was the African Youth Advocate Platform’s (AYAP) first time taking part in Global Money Week. AYAP is an online platform & interactive open space that promotes advocacy skills, continuous updates, monitoring, knowledge sharing, capacity-building and community of practices for youth. AYAP seeks to create an interactive open space to enhance skills and promote advocacy work amongst young people of Africa and worldwide, shares knowledge through continuous updates, monitoring and Builds capacity and a community of practices for African youth in the advocacy filed of work. Ms. Sana Afouaiz (CEO of African Youth Advocate Platform, a women’s advocate and human rights activist) hosted an international Expert Talk together with Mr. Majid Mirza Hussain (Expert of youth employment) and Ms. Bistra Kumbaroska (Entrepreneur and CEO of Impact Hub Vienna). Ms. Afouaiz is currently based in Paris, but there were youth from around the world who joined the discussion moderated by an AYAP program manager.

Global Money Week 2016

During the discussion, Ms. Sana Afouaiz from AYAP emphasized on the importance of young people from diverse backgrounds having a platform to express their views and dreams for the future through entrepreneurship and proper finance, irrespective of gender bias. She believes being an entrepreneur offers young people the opportunity to make their voice heard on a global platform and to engage in financial issues that are important to them. She added the importance of contributions that female entrepreneurs have made, and continue to make, to the world. However, she noted that society still has a way to go before achieving equality for female entrepreneurs, and this is especially evident in industries and parliaments in Europe and across globe. Ms. Bistra Kumbaroska explained about establishing MLADI INFO. Mladi info is an initiative that helps young people fulfill their educational potential. She believes that entrepreneurs are very key as it not only generate income for self but to all persons associated with it. She believes finance is not the only problem faced during incubation, if you have the right pitch you will find the funding options available, further her emphasis on having gender based funding for having a balance to make sure that the female sector isn’t neglected as well. She shed light into how women are neglected in many parts of the world especially in the developing countries where they find it difficult to develop ideas and to

receive proper funding to bring up entrepreneurs. Mr. Majid Mirza Hussain explained about what he does and his aims to identify and support promising new ideas to improve learning, to improve the qualities of education provided to marginalized communities and to achieve sustainability both in terms of financial sustainability and through behavior and social change. He added that the importance of digital and social media can play a great role for entrepreneurs in accessing a wide range of people across globe. Digital access is key in this 21st century; he provided examples of how women in Turkey sell their goods through digital tools and stated how women can play role in building networks of female entrepreneurs. Furthermore, Caisse d’Epargne Alsace (CEA) participated for the second time in the “A banker in my class” event during the Week, which was organized by the Fédération Bancaire Française (French Banking Federation) 14-18 March. “A banker in my class” is a one hour board game for children ages 8-11; it was played with a banker who was invited to the class to answer questions from the students who had to make choices about money and spending as part of the game. CEA visited two classes at the Primary School of Still during the Week.

Gabon Leading organizations: GOPA Consulting Key Participants: Direction Générale de l’enseignement scolaire et normal, Lycée Jean Hilaire Aubame Eyeghe, Lycée Vincent De Paul Nyonda Number of participating organizations: 5 Number of children reached: 1,500 Number of activities: 4 Gabon joined Global Money Week for the first time this year! GOPA Consulting

initiated an awareness raising caravan on Thursday 17 March, which reached approximately 500 children. The aim was to teach youth aged 10 to 30 about the importance of savings from an early age, and to educate them on how to open and manage bank and savings accounts. During the teaching sessions in high schools, presentations were followed by questions from participants, along with experience sharing, in order to have an interactive and

dynamic learning process. In addition, GOPA Consulting met with the General Director for Secondary and Normal Education of the Ministry of Education to present the GMW theme and to raise awareness of financial education to local authorities.

Global Money Week 2016

Georgia Leading organizations: National Bank of Georgia Key Participants: National Bank of Georgia (inc. Money museum), National Youth and Children’s Palace, Finca Bank Georgia, Society and Banks (NGO), Public Schools, Maestro TV Number of participating organizations: 12 Number of children reached: 4,170 Number of activities: 15 During 14-20 March, the NBG, in cooperation with the National Children and Youth Palace, conducted photo, essay and drawing competitions on the topic “Take Part. Save Smart.” The winners (authors of the best works) were invited to an educational tour, lectures, and an awards

Global Money Week 2016

ceremony in the NBG’s Money Museum in Kvareli. In the Money Museum, the NBG representatives held a lecture on the history of the National Bank of Georgia, its mission and functions, as well as the role and activities of the commercial banks. Children and youth also became acquainted to the history of money and received information on the culture of saving. Further, Finca Bank organized a number of educational events during the Week. Finca Bank welcomed students (grades 5-6) from one public school (Public School #4, Kaspi, Georgia) to one of its branches, and introduced children to how banks operate.

In addition, Finca Bank Georgia conducted many educational lectures and seminars for the 150 schoolchildren from different public schools in different regions (Mtskheta, Akhaltsikhe, Gori, Rustavi, Kaspi). In addition, NBG, in collaboration with one of the TV Channels (“Maestro TV”), dedicated one hour to the Global Money Week topic within the live talk show “Business Contact”. Natia Chkonia, Head of Consumer Protection Division at the National Bank, talked about the importance of financial education, savings, management of personal finances, and shared information about money and the Global Money Week campaign.

Germany Leading organizations: Learn money e.V., FunnyMoney (KT Capital GmbH), NUA (Natur- und Umweltschutzakademie NRW), My Finance Coach Stiftung Key Participants: Arbeitskreis Future Skills Frauenbeirat HVB Berlin, Rockitbiz, Deutsche Borse, Fachhochschule Dortmund (University of Applied Sciences and Arts), Netzwerk-Finanzkompetenz (Government), Ceciliengymnasium Bielefeld (School), Marga Spiegel Sekundarschule Werne (School), Berufskolleg Mitte Recklinghausen (School), Adolf Glassbrenner school, Die Gelbe Villa, Geekettes and institute for sustainable management Number of participating organizations: 17 Number of children reached: 6,700 Number of activities: 981 During GMW, the organization Learn Money conducted teaching and day-long working lessons with female experts as coaches about how to create a start-up, focusing on the theme of “Future skills and digital education”. A kick off-event took place on 9 March: a pitching session in front of an expert jury for three start-up teams after one intensive week. The jury-event was open for other schoolchildren. Each of the seven female experts had a specific topic based on her own professional focus: start up skills & tools, finance, marketing, sustainable management, digital media use, pitching. Carola Ferstl, co-founder of Learn Money Germany, spent time with the kids and spoke

about financial values, the GMW activities around the world and was present during the creative working process to seek out the best start-up idea. Ms. Ferstl took part in this event at the beginning and was also the financial expert for the jury at the end. To take part in the GMW celebrations, Learn Money’s long term partner, BAIN & Company, conducted a learn money teaching day for third grade students in Düsseldorf with a focus on money and piggybanks. CYFI’s partner My Finance Coach also led many activities during the week. A class from the Heinrich-Kraft-Schule in Frankfurt took a tour of the stock exchange (the Deutsche Börse) and learned about its role in the global economy and the planned merge with the London Stock Exchange. Through a special letter-exchange activity developed for Global Money Week, students in Germany learned about exchange rates and the importance of saving while simultaneously making new friends and expanding their cultural horizons. For the activity, pupils in Germany wrote to their “pen-pals” at partner schools in China, and shared their ideas about saving and what it is like growing up in Germany. Class visits, conducted by volunteers, also took place nationwide where Finance Coaches talked to the students about the importance of handling money, spending wisely and saving. In addition, teachers prepared themselves to teach students more about finance. Throughout the teacher

training format of My Finance Coach, the participants received more background information to be able to understand behavioral finance, so that they are better able to teach their students basic knowledge. Additionally, the FunnyMoney team was very happy to be able to take part in the Global Money Week celebrations this year. As they believe that financial education is fun and should be treated as such, GMW was an opportune time for FunnyMoney to portray this message to the world. To make this GMW memorable, the team decided to contact their friends at the Network for Financial Competencies to develop “take part, save smart” events. Given their experience with smart saving, this was a challenge both FunnyMoney and the Network were eager to take on. They started the Week at a very enthusiastic secondary school with fun and participatory seminars that they designed, full of smart saving tips. The team was pleased to see that when they visited a junior high school, everybody in the room already knew about the importance of financial education and was discussing the topic! They also visited the technical college Mitte in Recklinghausen. During their GMW activities, the FunnyMoney team contributed to the GMW-Selfie challenge whenever possible and, in retrospective of this great week, mentioned that they were overjoyed knowing that “we knew that we were part of 168 hours that made this world a little better!”

Global Money Week 2016

Ghana Leading organizations: Ihope, Greepec Consult Key Participants: Camfed Ghana, AIESEC Ghana, Fimpact Media, Deft Media, Kwesi Nfoni, Oak Foundation, HFC Bank, Fidelity Bank, Knutsford University College, University of Ghana, Suntrust Limited, Corporate Hills Investment Company Number of participating organizations: 4 Number of children reached: 1,550 Number of activities: 15

interactive activities. Greepec Consult, in partnership with Oak Foundation, organized a seminar at Knutsford University College on the “Take Part. Save Smart!” theme; Speakers at this seminar included Mr. Albert Elliason, Director of Suntrust Limited and Corporate Hills Investment Company. Youngsters were also treated to educational and interactive sessions on entrepreneurship, responsible financial decisions and actions, and savings.

Global Money Week 2016 in Ghana was marked by a number of exciting and

Additionally, as part of their activities to commemorate the week, Ihope, with

Global Money Week 2016

support from HFC Bank Ghana, organized financial literacy workshops, Youth2Youth Talks as well as community outreach programs in various part of Accra. More than 1500 youngsters were reached directly through Ghana’s Global Money Week activities.

Greece Leading organizations: Bank of Greece, NGO Business Mentality Number of participating organizations: 41 Number of children reached: 199 Number of activities: 15 The Bank of Greece actively participated in Global Money Week for the second year in a row by organizing various activities for school and university students each day between 15 and 18 of March in the Bank’s Money Museum. Every day, 5-6 guided tours were conducted for different target groups between 13 and 20 years old. The themes of

the activities, savings and responsible use of money and other resources, were in line with Global Money Week 2016 theme “Take part. Save Smart!” Students were also taught about public savings by using ecologically friendly banknotes. High-school and university students from Athens and other regions of Greece took part in the events. Global Money Week 2016 was celebrated in Thessaloniki by NGO Business Mentality. A wide range of activities were scheduled between 15 and 19 of March. Such activities

included events focusing on crowdfunding as a way for financing youth enterprises, ways to participate in youth exchange programs, how to found a start-up company, finding employment after graduating from university and other interesting themes around youth employment and livelihoods. The aim of this week was to promote entrepreneurship and innovation concerning youth, and also to discuss efficient money management. The events were very successful and the participants gained knowledge that will be useful for their next steps.

Global Money Week 2016

Guatemala Leading organizations: Central Bank of Guatemala Key Participants: Superintendencia de Bancos SIB, Ministerio de Educación, Ministerio de Finanzas Públicas, Ministerio de Economía, Superintendencia de Administración Tributaria, Dirección de Atención y Asistencia al Consumidor, Asociación Bancaria de Guatemala, Escuela Bancaria de Guatemala, Children International, Empresarios Juveniles, Crédito Hipotecario Nacional de Guatemala, BAC-Credomatic, Banco G&T Continental, Municipalidad de Guatemala, BANRURAL, Banco de los Trabajadores, Teatro Nacional, Biblioteca del Banco de Guatemala en San Martín Jilotepeque, Chimaltenango; Biblioteca del Banco de Guatemala en Quetzaltenango, Quetzaltenango; Biblioteca del Banco de Guatemala en Mazatenango, Suchitepéquez; Biblioteca del Banco de Guatemala en Huehuetenango, Huehuetenango; Biblioteca del Banco de Guatemala en Zacapa, Zacapa; Biblioteca del Banco de Guatemala en Guastatoya, El Progreso; Biblioteca del Banco de Guatemala en Salamá, Baja Verapaz; Biblioteca del Banco de Guatemala en Antigua Guatemala, Sacatepéquez; Biblioteca del Banco de Guatemala en Puerto San José, Escuintla; Biblioteca del Banco de Guatemala en Cobán, Alta Verapaz; Biblioteca del Banco de

Global Money Week 2016

Guatemala en Puerto Champerico, Retalhuleu; Biblioteca del Banco de Guatemala en Sololá, Sololá; Biblioteca del Banco de Guatemala en Amatitlán, Guatemala; Biblioteca del Banco de Guatemala en Patzún, Chimaltenango; Biblioteca del Banco de Guatemala en Coatepeque, Quetzaltenango; Biblioteca del Banco de Guatemala en Jalapa, Jalapa; Biblioteca del Banco de Guatemala en Zaragoza, Chimaltenango; Biblioteca del Banco de Guatemala en San Luis, Petén; Biblioteca del Banco de Guatemala en El Progreso, Jutiapa; Biblioteca del Banco de Guatemala en Santa Lucía Cotzumalguapa, Escuintla; Biblioteca del Banco de Guatemala en San Marcos, San Marcos; Biblioteca del Banco de Guatemala en Chiquimulilla, Santa Rosa; Biblioteca del Banco de Guatemala en Santa Cruz del Quiché, Quiché; Biblioteca del Banco de Guatemala en Sumpango, Sacatepéquez; Biblioteca del Banco de Guatemala en Río Hondo, Zacapa Number of participating organizations: 39 Number of children reached: 6,186 Number of activities: 43 The celebrations in Guatemala, the winner of the Global Money Week 2015 Award, began with the performance of the play “The Tree of Money.” This performance took place in Guatemala’s National Theater, located in the capital city of Guatemala City.

Furthermore, during Global Money Week 2016, the Central Bank of Guatemala and its allies organized a National Financial Education Fair with the objective to disseminate information about the work undertaken by their institutions in relation to financial education and financial inclusion for children and youth. The fair also included diverse educational and interactive activities in which participants learned about savings, inflation, exchange rates and much more. Children, youth, families and teachers who attended the fair were taught about the work of the Central Bank and other relevant institutions through interactive sessions, theater plays and various games. In addition, this year’s GMW celebrations included a financial consumer protection fair, with the objective to educate the general population about their rights as consumers. In the spirit of the Global Money Week celebrations, the consumer protection fair also had a particular focus on children and youth. GMW celebrations in Guatemala aimed to reach 17 of the 22 states in the country through a series of mini Financial Education Fairs organized in various schools, public libraries and public spaces.

Guinea Leading organizations: Fonds National pour l’Insertion des Jeunes (FONIJ), Plan International Guinea Key Participants: Ministry of Economy and Finance, Ministry of Pre-university Education and Literacy, Ministry of Youth, Comité National de Lutte contre le Sida, Prefecture of Forecariah, Fundation of the First Lady of the Republic of Guinea, Central Bank of the Republic of Guinea, Afriland First Bank, Bicigui, Crédit Rural de Guinée, Ecobank, Skye Bank, Société Générale des Banques en Guinée, Yete Mali, La Coordination des ONG et Associations de Guinée, 4 primary schools and 2 highschools Number of participating organizations: 28 Number of children reached: 5,170 Number of activities: 12 Three Ministries and the Foundation of the First Lady supported Global Money Week to become a national event in Guinea this year! 2016 was the second year Guinea participated in Global Money Week, and reached over 4,000 children and youth, thus

increasing the size of the celebrations compared to last year’s edition. This increase in participation was achieved through a very complete set of activities in Conakry and Forecariah based on the “Take part. Saving smart!” theme. These events were covered by media (radio and newspapers), which helped to spread the word about GMW celebrations in the country. The GMW celebrations were launched in Conakry on 14 March, with a national conference at Bluezone de Kaloum to present the purpose of the Week and the importance of financial education, savings and supporting entrepreneurship. This event alone mobilized over 2,100 children and youth in total. A debate with the children then addressed the following questions: “What is the utility of money?”, “What does it mean ‘to save’?”, “Why is it important to save and what are we saving for?”, “What are smart saving habits?” and “Do you think saving can guarantee ones future?”

two high schools competed with each other during a two day financial education game, with questions related to money and savings. Over 2,000 students and prefectural authorities attended this event. The government-related Fonds National pour l’Insertion des Jeunes (FONIJ) and Plan International Guinea, the two leading organizations of the Week, also planned student visits to four banks so that the youth could learn about banking practices and the history of Guinean money. Finally, the week closed on Saturday with a round table discussion in Forecariah on the topic of: “How to boost entrepreneurship”. As part of the round table, 15 NGOs met with children to discuss financial inclusion; these children also had the opportunity to receive advice from young entrepreneurs. Through this program, the Guinean Global Money Week involved very diverse participants and therefore considerably boosted awareness on financial education in all spheres of society.

In Forecariah, four elementary schools and

Global Money Week 2016

Honduras Leading organizations: Grupo Financiero Fochsa Number of participating organizations: 5 Number of children reached: 150 Number of activities: 6 The Ficohsa Financial Group led GMW activities in Honduras this year. The group contributes to the economic and social development of the communities in which it operates, through initiatives that promote education, health, entrepreneurship, financial inclusion, culture and environmental protection. The main focus of the Ficohsa Financial Group activities is on social investment in early childhood education through the Ficohsa Foundation for early childhood education. The foundation is dedicated to preschool children between 3 - 6 years of age who come from economically

Global Money Week 2016

disadvantaged, urban, marginal and rural areas of the country through the construction, reconstruction, sustainable and comprehensive adoption of preschools. The piggy bank workshop that took place during the Week was targeted at the preschool students; encouraged by the foundation for financial literacy, this workshop aimed to promote that investments in early childhood education provide advantages that expand and strengthen over time. The workshop included conversations related to the importance of savings and the benefits of a healthy financial life. After the presentation given by the group, each child received an education kit with which they can prepare and decorate a box to simulate savings. The piggy banks were decorated and personalized by each child, so that by the end of the activity the children could begin

to acquire their own healthy savings habits. After the activity, a reflection was done with the children on the importance of the workshop and the benefit they gain as individuals once a savings habit is formed. The promotion of healthy savings habits was accompanied by the strengthening of the teachersâ&#x20AC;&#x2122; center of each of the schools and their involvement in financial education in the classroom.

Hungary Leading organizations: Budapest II. Kerületi II. Rákóczi Ferenc Gimnázium (II. Rakoczi Ferenc Secondary School) Number of participating organizations: 1 Number of children reached: 1,000 Number of activities: 75 This year, II. Rakoczi Ferenc Secondary School in Budapest had a topic-based program for GMW. This included a number of topic-related lessons held by teachers exploring themes such as the history of money in different countries, budgeting and saving money, countries of the Eurozone, the financial crisis, financial policies of the EU, the theme of money in songs, the costs of living in various countries, strategic planning in entrepreneurship and more. The science department decided to have lessons about the importance of saving water, as World Water Day was also very close. Mathematics teachers held financial quizzes

in eight different classes and an art competition was held in eight classes where students had to design future Hungarian Euro banknotes as well as an essay competition in four classes about the individual responsibility of people in combating climate change by saving energy and water. The Physics department organized its annual visit to Paks Nuclear Power Plant during GMW, so that students could learn more about nuclear energy, too.

an environmentalist, who held an interactive lesson in English about environment protection. The week was preceded by a traditional Students’ Day held on 05 March 2016, where a cake-baking competition was organized to prepare for GMW with the theme being ‘money.’

Some parents were also involved in the GMW event. There were four financial education lectures held by volunteering parents, including: a broker, who shared his experiences of getting where he is today; a banker, who answered students’ questions about every-day money matters; an economist, who regularly visits high schools with his lecture on basic concepts of economics, finance and entrepreneurship;

Global Money Week 2016

Iceland Leading organizations: Institute for Financial Literacy Key Participants: Central Bank of Iceland, Financial Services Authority, Ministry of Finance, The Debtors’ Ombudsman, Nasdaq Iceland, Institute for financial literacy, The Consumer Agency, Iceland Chamber of Commerce, Meniga, The Icelandic National Broadcasting Service RÚV, Icelandic Financial Services Association Number of participating organizations: 11 Number of children reached: 1,500 Number of activities: 8 The “Ringing of the Bell” at Nasdaq Iceland on the Monday morning of Global Money Week marked the opening of markets and

Global Money Week 2016

GMW celebrations in Iceland. A number of different activities took place: Primary and Secondary Schools around the country participated in the Week by taking part in special projects focusing on money and financial literacy. The Children’s Department of the Icelandic National Broadcasting Service (RÚV) produced a daily segment throughout the Week on issues related to children and money, and interviewed the Governor of the Central Bank about the interest rate decision of the country on 16 March, where he explained the decision to the children.

The Central Bank’s Numismatic Museum focused on coins bearing images of young heads of state. Children and teenagers were encouraged to sketch and submit their ideas for coins. The Annual General Meeting of the Central Bank on 17 March addressed the importance of financial literacy, particularly in relation to children. Additionally, representatives from the Icelandic Financial Services Association visited schools around the country and advocated for financial awareness each day of the Global Money Week.

India Leading organizations: Meljol, Children International Key Participants: Bombay Stock Exchange, Reserve Bank of India, Kalinga Institute of Social Sciences, Divya Disha- Telangana, Life Education and Development Support (LEADS)- Jharkhand, Network for Enterprise Enhancement and Development Support (NEEDS)- Jharkhand, Youth Council for Development Alternatives (YCDA)Odisha, Association for Social and Health Advancement (ASHA)- Odisha, RAJAGIRI Outreach- Kerala, Prayatn- Rajasthan, Childhood Enhancement through Training and Action- Delhi, Apeksha Homeo Society- Maharashtra, New VisionMaharashtra, Abhivyakti Media for Development- Maharashtra, Aamhi Amchya Aarogyasathi- Maharashtra, Vikas Sahyog Prathishthan- Maharashtra, Gramin Samassya Mukti Trust, Early Childhood Care and Development Center, State Bank of India, Ministry of Consumer Affairs and Fair Business Practices, United Bank of India, United Commercial Bank, Bandhan Bank, Bank of India, Axis Bank Number of participating organizations: 156 Number of children reached: 13,960 Number of activities: 17 Global Money Week 2016 is celebrated across multiple parts of India together with Children International, as well as Meljol and its partner organizations. The activities throughout the country included visits to various stock exchanges and banks, financial education games and workshops, art competitions, theatre plays, a signature campaign and opportunities for the children of the visiting schools to present about GMW. Awareness was made amongst children involved in Aflatoun by arranging visits to

the BSE (Bombay Stock Exchange), and ringing the opening bell of the Stock Exchange. This activity provided a platform for some of the representatives from the BSE to join MelJol as volunteers to contribute to the cause. Additionally, the BSE, being a prominent financial institution, brought a lot of value to the visibility and reach of the message of financial education for children and youth. Children from five schools in Mumbai coordinated a signature drive as a gesture of agreement among the public on the importance of improving social and financial inclusion of children and youth. The children provided an act about saving money to people passing by. Accordingly, the children also asked people passing by about their financial practices in order to learn more about the different approaches that people take towards money management. If a person agrees with the points raised by the students, they asked them to sign on a signature board as a symbolic commitment to improve their financial behavior. A schools was identified by 14 partner NGOs, from which ten students visited the Educational Department’s office and asked the officers questions about their ideal saving practices. Partners organized educational officials for the children to meet when in the office, so that they got the chance to learn about good savings habits in a new way. Additionally, to foster creativity during the Week, some of Meljol’s partner organizations also identified schools were they conducted a poster competition for Global Money Week. The partners selected five best posters from each school to be sent to Meljol. With the help of a team of juries, 30 posters were selected and exhibited during

Global Money Week at a minimum of three locations and published in the MelJol website, annual reports and social media channels. MelJol and various banks worked together to display the GMW banners on their premises. The banks who have been trained for the Schoolbank Champ program were selected to participate during Global Money Week. Children International (CI) participated during Global Money Week in Delhi and Kolkata. CI implemented a variety of activities to engage children and youth to learn about responsible spending and saving habits. In Delhi, Global Money Week was celebrated though Aflatoun partner organizations’ celebration of Aflatoun Day to showcase the progress of the program to the community. Children presented their craft items and sang the Aflatoun song. Parents also played financial games with their children and community members as part of the festivities. In Kolkata, many activities were done to celebrate both Aflatoun day and Global Money Week. Youth were able to visit banks to talk with the branch managers, and even had the opportunity to open bank accounts. Bank members also gave financial motivation sessions to teach the importance of saving. A variety of skits, plays and magic shows were all used to display the importance of savings during the awareness camp. A group of youth from Kolkata also submitted a video to the Aflateen Digital platform about a campaign they started in their community called “Take Part, Save Smart.” The youth won the 2016 Aflateen Ambassador Award.

Global Money Week 2016

Indonesia Key Participants: Allianz Indonesia, Allianz Indonesia CSR - Yayasan Allianz Peduli (Allianz Care Foundation), My Finance Coach, Bank Indonesia, Indonesia Stock Exchange (Bursa Efek Indonesia), Youth Finance Indonesia, Kelas Belajar OKY Number of participating organizations: 11 Number of children reached: 1,734 Number of activities: 9

youth joined interactive sessions to learn about the history of the Indonesian Rupiah and to got introduced to other currencies from around the world.

Global Money Week was celebrated again this year in Indonesia through the efforts and collaborations between the Allianz Indonesia, Youth Finance Indonesia and Bank Indonesia. The activities included various class sessions around schools in Jakarta, visits to Bank Indonesia’s Museum, learning more about the stock exchange, coordinated workshops and lectures for kids.

The My Finance Coach program of Allianz Indonesia invited kids to strengthen their financial literacy through modules that focused on savings. The modules also aimed to introduce the Indonesian youngsters to different types of financial products that they will encounter in their lifetime. This included bank accounts, credit cards, insurance and investment alternatives for when they grow older. As investing in their future is also part of the modules, Allianz Indonesia brought a group of students to Bursa Efek Indonesia (the Indonesian Stock Exchange) to introduce the young Indonesians to the stock market.

Bank Indonesia welcomed children to their museum were the kids got to learn more about how the financial system works in their country. Additionally, children and

Through the cooperation with Allianz Indonesia, Youth Finance Indonesia led three sessions of the event. Firstly, they made an introduction session about Youth

Global Money Week 2016

Finance Indonesia for all participants through showing a short video. Secondly, a talk show session was hosted with the topic “Dare to Dream Big”. The talk show invited a speaker named Andika Ramadhan, who had a street child background and has worked to become a student at a very well-known university in Indonesia. The talk show was guided by a moderator from Youth Finance Indonesia. In addition, a poetrydramatization was performed to entertain and educate kids about personal finance. This was done through a story of a child struggling to achieve his dream because of the limitations of personal finances but throughout his life has been able to save money and regained spirit to catch his dream. This was then complemented with activities that highlight smart ways to help them achieve their own dreams. Throughout the event, multiple games were also organized and facilitated by Youth Finance Indonesia.

Iran Leading organizations: Eghtesad Novin Bank Key Participants: Central Bank of the Islamic Republic of Iran, all 250 branches of EN Bank Number of participating organizations: 434 Number of children reached: 8,010,000 Number of activities: 194 This year, Iran participated in Global Money Week for the second time through Eghtesad Novin (EN) Bank, Child & Youth Finance Internationalâ&#x20AC;&#x2122;s main partner in the country. For GMW2016, all 250 of EN Bankâ&#x20AC;&#x2122;s

branches throughout the country took part in activities designed for students. This year the bank also came up with the great initiative to offer savings accounts with a debit card designed specifically for youth during Global Money Week, and national press covered the first children opening their own saving accounts as part of the initiative. More than 85 branches of the brank invited students to visit; here children were taught how to use their savings account, the importance of saving, introducing the teen card at the same time. During the visits, students experienced

different departments and were familiarized with branch operations and account opening procedures. Eghtesad Novin Bank staff also explained their jobs, roles and responsibilities to the youth groups As part of GMW, children throughout Iran were able to take part in Instagram photo competitions, videos and writing contests on subjects as diverse as banks, money and savings. They were also provided with financial education books and information as part of the activities.

Global Money Week 2016

Ireland Leading organizations: Irish Stock Exchange, Banking & Payments Federation Ireland Key Participants: Foroige, Colaiste Chraobh Abhann Number of participating organizations: 5 Number of children reached: 45 Number of activities: 1 On Wednesday 16 March, the Irish Stock Exchange opened their doors to about 50 Irish secondary school students; this was an interactive and educational morning from 10:00am – 12:00pm. The students started the day with a welcome address from the CEO of the Irish Stock Exchange, who detailed the history of the building and the exchange and how various historical and recent events in Ireland had shaped the business of the ISE for over 200 years. A number of ISE staff talked about the ISE as a place to work (the ISE was recently awarded the #1 Great Place to Work in Ireland) and demonstrated the range of skillsets and career opportunities that exist in the organization. The ISE also showed a short video to students about how exchanges work. Students also had an opportunity to ‘Ring the Bell’ to signal the start and end of the day’s trading: http://www.ise.ie/Media/News-andEvents/2016/Students-%E2%80%9Cringthe-bell%E2%80%9D-at-the-ISE-as-partof-Global-Money-Week-.html During GMW, the Banking & Payments Federation Ireland (BPFI) launched a series

Global Money Week 2016

of new content streams on its online financial education resource www. BusinessEducation.ie. The updated resource was unveiled at a special financial education stakeholder event attended by BPFI members, as well as by representatives from national organization and bodies in the education, consumer and banking sectors. The event was held to discuss the importance of financial education and to showcase the work which BPFI is undertaking as part of European Money Week. BusinessEducation.ie is an online educational resource for teachers and students of senior cycle Business, Economics and Accounting students and teachers. Developed by Banking & Payments Federation Ireland (BPFI), in conjunction with the Business Studies Teachers’ Association of Ireland (BSTAI), the site provides a range of support tools for use in the classroom and at home. Such tools include sample exam questions and worked-out answers written and assessed by experienced teachers, an overview of and commentary on the most up-to-date figures on a range of Ireland’s key economic indicators written by BPFI’s economist and useful links to business news stories relevant to both the Business and Economics curricula. Due to the ongoing success of the site since its launch in March 2015, BPFI has worked closely with the BSTAI to develop a number of new content streams which were

unveiled at the stakeholder event during GMW. Among others, these include: • The addition of a new section for the subject of Accounting • A new business and economics briefs section, written by BPFI’s economist, consisting of short reports on key national and international business and economic developments of note • A number of additional sample exam questions and answers to the existing sections for business and economics • Past senior cycle exam papers as well as marking schemes can now also be accessed for each of the three business subjects A media photo-call was also held to promote the event and website launch, which included the participation of students from two local schools and which successfully achieved national print coverage. Organisations in attendance at the stakeholder event included: • Central Bank of Ireland • Department of Education & Skills • Competition and Consumer Protection Commission • Money Advice & Budgeting Service • Consumer Association of Ireland • Business Studies Association of Ireland • Education & Training Boards Ireland • Institute of Banking • Association of Community & Comprehensive Schools

Italy Leading organizations: Financial Education Foundation Key Participants: AEEE Italia, Banca d’Italia, Agenzia delle Entrate, Albo dei promotori finanziari, Anasf, Banca Popolare di Bergamo, Banco di Brescia, BNL Gruppo BNP Paribas, Equitalia,Fondazione Barilla Center For Food & Nutrition, Forum per la Finanza Sostenibile, INPS, Itinerari Previdenziali, Junior Achievement Italia, RBC Investor &Treasury Services, Spettacoli di Matematica, Università di Milano Bicocca, Università Cattolica del Sacro Cuore Number of participating organizations: 53 Number of children reached: 11,980 Number of activities: 25 During GMW in Italy, 25 lessons for primary and secondary schools took place focusing on money management, earning, saving, planning and budgeting, entrepreneurship, business plans and a sustainable economy. Banks participating in the Financial Education Foundation gave lessons, and two meetings were targeted towards teachers and trainers, in order to “train the trainers” to enable them to utilize existing financial education programs during their own lessons. In relation to becoming sustainable citizens, “Let’s save the Planet” lessons for primary schools were organized by Feduf, the Foundation Barilla Center for Food and Nutrition and Banca Popolare di Bergamo. Educational insights on sustainable development and the economy, on the planet’s resources and on the words of sustainability: reuse, recycle and reduction, were given during the session along with a

focus on nutrition patterns that protect health and the environment, domestic consumption, food waste and the equivalent waste of money. Other lessons were, too: • “You Choose what I want” for secondary schools was organized by “Taxi1729” and Banca Popolare di Bergamo. During this artistic performance on behavioural finance, kids were presented with the drivers of choice, economic drivers of choice in particular, with a focus on examples of cognitive traps in which it is easy to fall. The performance illustrated concepts through logics and mathematics, plus cognitive and behavioural psychology. • “Money Doesn’t Fall from the Sky” for I degree of secondary school students was organized by the Bank of Italy. Educational insights were given regarding what the Bank of Italy is and what it does, monetary and financial stability, brokerages and the importance of savings. • “Economics and Me” for I degree secondary school students was organized by Junior Achievement Italy. It emphasized that understand economics is not just about knowing how to manage savings, but also to choose how to live and work in a modern market system. Starting from their own inclinations, students discovered how to plan and manage a budget and how to evaluate a job opportunity. • “Ready, Steady... Work!” for II degree secondary school students was organized by INPS and Itinerari Previdenziali. Educational insights was provided on issuing the curriculum vitae, the safety of a

clear work contract, the contribution, the basic pension, the choice between employees and self-employers, how to start a start-up, what is VAT as well as what is and why supplementary pension is important. • “Sowing the seeds of legality” for I and II degree secondary school students organized by Equitalia. This session was based on extreme interaction and “active listening techniques”. Furthermore, the guidelines and the basic concepts of the Italian Constitution, as well as on their interpretation, was focused on “art.53” The Value of Tax Legality. In addition to these particular sessions, interactive sessions focusing on questions and answers in relation to savings, inflation and aspects of behavioural economics took place along with a meeting for teachers, principals and trainers. Economics and social sciences were focused on at school, looking at the necessary steps for a new Social Economic High School by AEEE Italy and SIE, in collaboration with the Ministry of Education - Directorate for Educational Ordinances and Evaluation of the national education system. During the meeting, the promoters and Dr. Carmela Palumbo, Director for Educational Ordinances and Evaluation of the National Ministry of Education, deepened the topic of the parting which occurred between the Social Economic High School and the Human Sciences High School, considering the letter posted by scientific societies to the Minister Stefania Giannini.

Global Money Week 2016

Ivory Coast Leading organizations: Ministry of National Education Key Participants: Haute Autorité pour la Bonne Gouvernance, Regional Stock Exchange (La Bourse Régionale des Valeurs Mobilières de Côte d’Ivoire – BRVM), Athea Group, B2S, La Caisse d’Epargne, Orange Money, La Société Ivoirienne des Banques, Lycée Classique d’Abidjan, Lycée Moderne de Divo, Lycée Moderne de Treichville, Ecole Primaire Publique Cocody Angré 1 Number of participating organizations: 14 Number of children reached: 21,700 Number of activities: 14

and adults on the topics of entrepreneurship, money and savings. The Lycée Classique d’Abidjan also held the event “A banker in my class-room” in the morning, where representatives from La Caisse d’Epargne visited the school to teach the youth about money, savings and the banking system. This activity was highly appreciated by the large crowd of students who received the opportunity to ask questions about banking services available for youth. As a result, the PEF wants to expand this activity to other schools in the future.

Very active in the organization of GMW 2016, the Ministry of National Education of Ivory Coast, through its Programme Education Financière (PEF) and in collaboration with B2S and Athea Group, successfully perpetuated the annual participation of Ivory Coast in this worldwide event. Various activities for youth participants were planned in Abidjan during the Week.

The official launch of Global Money Week took place on the 15 March, with the support of the Ministry for National Education. Representatives from the Ivorian High Authority for Good Governance, banking and telecom institutions, and hundreds of youth participants were present at this event. Piggy banks were distributed at this occasion to emphasize the importance of savings. The Lycée Classique d’Abidjan hosted various exhibition stands from La Caisse d’Epargne, La Société Ivoirienne des Banques and Orange Money, psychometric

On 14 March, street interviews collected the thoughts and knowledge of children, youth

Global Money Week 2016

tests were offered by Athea Group to discover entrepreneurial potential, and animated discussion panels took place on the following exciting GMW topics: “Our relationship to money”, “Take part. Save smart”, “New technologies and the culture of saving” and “The contribution of the youth in the fight against corruption”. A visit to the regional stock exchange (BRVM) allowed students to learn about the financial system, and youth participants were also able to open savings accounts in order to combine the awareness raising events of the Week with concrete improvements regarding their financial inclusion. In addition, youngsters from the Codody Angré School and the Lycée Classique participated in drawing and writing competitions about saving. Furthermore, the finals of the regional entrepreneurship competition “Top School Project”, planned to coincide with the GMW, took place at the Lycée Moderne de Divo and the Lycée Moderne de Treichville, thus enhancing the entrepreneurial drive of their students.

Jamaica Leading organizations: Financial Services Commission Key Participants: Junior Achievement, Bank of Jamaica, Jamaica Stock Exchange, Creditinfo, Jamaica Limited Number of participating organizations: 16 Number of children reached: 300 Number of activities: 7 The Financial Services Commission (FSC) led the GMW 2016 celebrations in Jamaica this year. The FSC’s Schools Financial Education Programme (SFEP) was rolled out in 10 high schools across Jamaica, featuring a curriculum which teaches students about money management skills, concepts in personal finance and responsible credit management. The SFEP is an integral part of a broader national policy to facilitate greater access to financial services and to improve the financial literacy and awareness of all of the citizens of Jamaica, including youth. Since its inception in 2011, the program has made a positive impact on the lives of over 1200 students across the island.

This program is specifically designed to deliver knowledge that translates into greater financial inclusion for the next generation of Jamaicans, to equip them with the necessary tools to make sound financial decisions for their future as adults, parents and leaders in Jamaica’s economy. The program is in keeping with the decision by the Ministry of Education to incorporate financial education into the school’s curriculum. The targeted participants of the program are students of at least twelve years of age, who are motivated and capable of comprehending the program material. The program itself is delivered over a six-week period between January and March each year to allow the closing of the program to coincide with Global Money Week. The high schools represented this year were: Ardenne, Glenmuir, Black River, Denbigh, Mannings, Ascot, William Knibb, Papine, York Castle and St Jago. While 300 students were direct beneficiaries of the 2016

program, the potential beneficiaries cover a much wider group, including the students’ peers at the participating high schools, their families and their communities. Students from the 10 high schools involved in SFEP were taken on a tour of the offices of the FSC, the Jamaica Stock Exchange and the Bank of Jamaica. Students were also taken to the Money Museum where they were exposed to presentations on the work of the respective institutions and provided with a formal lunch. The program culminated with a closing event on 15 March, called the SFEP Awards Luncheon & Mentorship Initiative, where outstanding students were recognized and all students became introduced to mentors from the business community.

Global Money Week 2016

Jordan Leading organizations: Jordan River Foundation Key Participants: Queen Rania Family and Child Centre, Al Arj Charity Association, Jordanian Association for human capacity Building, Al takafoul Charity Association, Shokera Association, Sanabel Alkhair charity association, Aflatoun Number of participating organizations: 7 Number of children reached: 1,840 Number of activities: 25

Global Money Week 2016

Participating for the first time in Global Money Week, The Jordan River Foundation has been diligently working towards promoting child safety and empowering communities by engaging Jordanians to realize their full economic potential and overcoming social challenges. This year, the Jordan River foundation, in cooperation with its partners, organized Global Money Week awareness sessions that included Aflatoun financial education activities around savings, recycling and community service.

“I have learnt not to spend on things I don’t need.” – Al Arj Association, 9 year old boy “I have learnt how to deal with money responsibly.” – Al Arj Association, 10 year old boy “This session taught me how to conserve energy.” Al Takafol association, 11 year old girl “My son was very please in attending this session, he learnt new concepts of dealing wit money.” – QRFCC, a mother

Kazakhstan Leading organizations: Bank Home Credit, University of Central Asia Key Participants: School №12, School №14, School №19, School №23, UNESCO associated School at the Kazakh-American University, School Kokil, School №38, School 127, School- Lyceum №54,School №25, School №31, Krupskaya School 18, School 24, High School №3, School №83, School 5, School 13, School 14, School 1, School 2, SchoolLyceum 2, School- Lyceum 23, SchoolLyceum 15, School 34, School 32, School 5, School 43, School 10, School 32, School 7, School 17, School 8, School 7, School 30, School 20, School 12, School 4, School 20, School 2, School 40, School 3, School 21, School 25, School 34, School 35, School 7, School 45, School 52 Number of participating organizations: 66 Number of children reached: 31,192 Number of activities: 74

Home Credit Bank took part in Global Money Week for the third year in a row this year, with the magnitude of their events growing each year. The program of seminars initiated by the bank, entitled “Journey to the world of finance”, was designed for students of both primary and secondary education schools, as well as high school and college students. Business coaches from the bank conducted seminars in all major cities of Kazakhstan. Seminars on financial literacy were conducted in schools, which included presentations of the textbook “Kids and Money” for children on financial literacy, discussions on the concept of wishes and needs, games, brainstorming sessions, part time job opportunities for young people and many more. The seminars once again received great feedback from the students, teachers and school principals.

The University of Central Asia also celebrated Global Money Week by having students participate in the GMW-Selfie challenge, baking a cake for the 5th anniversary of the Week, creating a money box and by participating in financial education lessons and lectures that were conducted. One of the groups, together with an instructor, conducted lessons on the topic “Money makes money”. The students discussed about how to save money and each student described their own piggy bank. The students decided to make a money box from disposable cups and the basis of money and garlands, in the form of Baiterek, which is one of the most important architectural building in Kazakhstan.

Global Money Week 2016

Kenya Leading organizations: Kenya Banker’s Association (KBA) Key Participants: PostBank Kenya, Imperial Bank, FSD Kenya, Central Bank of Kenya, Nairobi Stock Exchange, Kenya Institute of Curriculum Development (KICD), Capital Markets Authority, Child Savings Kenya, Nyeri High School, Cardinal Elementary School, All I Can Be World, CFC Stanbic Bank, Young Enterprise Education in Schools (YEES) Program Number of participating organizations: 13 Number of children reached: 11,000 Number of activities: 11 The Kenya Bankers Association (KBA) once again took up the task in coordinating Global Money Week celebrations in the country. The Association, in collaboration with both state and non-state institutions, organized activities across the country to commemorate the week. Activities that took

Global Money Week 2016

place in Kenya included financial education competitions, arts and craft contests, school visits to financial institutions, job shadows for high schools students, visits to the stock exchange, savings campaigns, as well as financial literacy workshops. Post Office Savings Bank (POSB) Kenya branches worked with secondary schools in various counties to mark Global Money Week. Officials from the bank worked with teachers to organize financial education training sessions for the students. They also held saving accounts opening sessions for students. Those who opened an account were given an opportunity to participate in a competition were they were required to express their understanding of financial education through essays, music, arts and or any other form. The competitions were supervised by the teachers. The top three students from participating schools were

presented with various awards, including a special tour of a POSB branch and participation in a mentoring initiative by employees of the bank. Students from Nyeri High School visited the Nairobi Stock Exchange during the Week. These students were given a tour of the stock exchange and given presentations on how it operates. Further, there were engaged discussions with some personnel of the Nairobi Stock Exchange and students on how the youth could have a positive impact on the country’s economy. Cardinal Elementary School partnered with All I Can Be World to organize an educational tour to the CFC Stanbic Bank and the Kenya National Achieves for students. The two institution also coordinated art and craft competitions with the theme: “Smart Saving.”

Kosovo Leading organizations: Central Bank of the Republic of Kosovo Key Participants: Kosovo Banking Association (KBA) Number of participating organizations: 11 Number of children reached: 2,700 Number of activities: 9 The Central Bank of the Republic of Kosovo launched the Global Money Week campaign with the financial education event at the “Emin Duraku” primary school in Prizren, with IV and V grade students. Students were presented with a lot of useful information about the function of the money and personal financial management, and they participated in the exciting group work. On the second day, the main GMW event took place in the Economic High School “Hasan Prishtina” in Mitrovica. The Governor of the Central Bank of Kosovo highlighted the importance of saving and financial management to mark Global Money Week, and encouraged the youth of this school and their peers from other schools to be devoted to learning in order to achieve their goals. As

part of this event to mark Global Money Week, the Mayor of Mitrovica, Mr. Agim Bahtiri, advised students that with hard work and determination, anything can be accomplished. Furthermore, the students of the Economic High School “Hasan Prishtina”, divided into six groups to compete in a quiz developed to test their knowledge on the role of the Central Bank, the financial industry, insurance, pensions and more. The knowledge and understanding shown through this quiz testified a good future is expected for the students of this school and the best students were awarded with prizes. Moreover, the employees of the Central Bank also conducted presentations on “Corporate Governance of Financial Institutions” and “Securities and demonstration of an auction” for the students during the Week. The Kosovo Banking Association (KBA) also organized various events during Global Money Week 2016. KBA organized many

classes and lectures for different groups of children and youth in various parts of the Republic of Kosovo, and Global Money Week was officially launched in Primary school “Model” in Prishtina on 14 March. The event was attended by school children who had the chance to listen to a lecture on savings from a financial literacy expert. They also received savings boxes as a gift and as a manifest to keep developing their savings habits in the future. In the following days of Global Money Week, lectures and classes on spending, savings, investments and money management in other municipalities in the Republic of Kosovo (Mitrovicë, Gjilan and Pejë) took place. KBA also conducted a massive media campaign in order to reach the Kosovo population in a wider scope, including a series of radio interviews, television shows and by publishing financial literacy videos on the national television in Kosovo. This campaign will be transmitted through Kosovo TV channels until the end of this year.

Global Money Week 2016

Kuwait Leading organizations: Kuwait International Bank Key Participants: Al Ahmadi School, Izza Ben Hares School, Saed Ibn Al Ass School, Ajyal School , Youssuf Bin Issa School, Abdul Mohsen Al Khrafi” School, Engineering & Petroleum Students Number of participating organizations: 9 Number of children reached: 250 Number of activities: 12 This year in Kuwait, the Kuwait International Bank, who pays great attention to the children and youth segments, as it firmly believes that they are the leaders of tomorrow, played the leading role in the Global Money Week 2016 celebrations. The bank arranged a number of field visits to

Global Money Week 2016

various schools, institutes, universities and civil society institutions to cultivate financial literacy and offer lectures and workshops throughout the Week to create awareness amongst children and youth about the importance of saving for their future. The bank also hosted a field trip to its head office for the students of Yousif Bin Essa High School, and organized an orientation tour of the head office’s financial hall to discover the nature of the employees’ work in the branch. Students of Sumaya Primary School for Girls were invited by the bank to visit Al Zahraa branch and call center with their supervisors and teachers; the visit highlighted the positive impact that the bank

has successfully promoted amongst the Kuwaiti civil society members, and the educational sector in particular. Additionally, the bank visited many schools during the Week, including Saad Al Awsi Middle School for Boys and Al-Tout Kindergarten, with the famous character “Haboob” who distributed gifts to the children. The bank also visited Azza Bint Al-Harith School, Saeed Bin Al-Aas School and Abdulmohsen Al-Kharafi School, and supported the activities and events of Ibn Hajar Al Asqalani Elementary School, as the bank strongly believes in the role of educational institutions in the prosperity of the country.

Kyrgyzstan Leading organizations: National Bank of the Kyrgyz Republic, Development Policy Institute Key Participants: Union of Banks of Kyrgyz Republic, Ministry of Finance of Kyrgyz Republic, State Agency for Youth Policy and Sports, Agency of Development Initiatives, University of Central Asia (UCA), Naryn, SOS Children’s Villages, Educational Initiatives Support Fund, Bishkek Academy of Finance and Economics and other educational institutions, German Society for International Cooperation (GIZ), International Finance Corporation (IFC), Finance Company “Senti”, Bai Tushum Bank, FINCA Bank, Optima Bank, Kyrgyz Investment Credit Bank and other financial institutions Number of participating organizations: 103 Number of children reached: 36, 100 Number of activities: 217 The National Bank of the Kyrgyz Republic and Development Policy Institute were once again coordinating Global Money Week in a nation-wide campaign in Kyrgyzstan. More than 40 different organizations became part of the Global Money Week 2016 national committee, including the Union of Banks of Kyrgyzstan, Educational Initiatives Support Fund, Bishkek Academy of Finance and

Economics, GIZ, IFC and many financial institutions and NGOs. The GMW campaign offered various activities, trainings and contests, aimed at inspiring children and youth to gain knowledge about money, savings, possibilities to start business and employment, as well as at drawing public attention to the necessity of being financially literate in order to make informed decisions in the future. The Week kicked-off with a national press conference with the participation of the Governor of the National Bank of Kyrgyz Republic, President of the Union of Banks, Chairman of Development Policy Institute and others. An exciting video competition was held in Kyrgyzstan from February 16 to March 16, 2016. The key objective of the contest was to draw the attention of teenagers and youth to the enhancement of financial literacy, to the importance of smart money management, setting objectives and developing realistic financial plans. Results of the competition were announced at the closing ceremony of the Week. Moreover, two essay competitions were held in the country – one for children from orphanages on the topic “Take part. Save smart!”, and the other one on the topic “What is money and what do we need it for?” for children of

three age groups – 7-9 years old, 10 to 12 years old and 13 to 15 years old. Winners of the competition received great gifts sponsored by commercial banks that took part in the campaign in Kyrgyzstan. On 18 March, the National Bank of the Kyrgyz Republic hosted a roundtable where the Governor presented the National Financial Literacy Program of the country for 2016-2020 for the first time. Youth was declared as the priority target group, and integration of compulsory financial education in the school curriculum was declared as one of the target objectives of the national program. The University of Central Asia SPCE in Naryn also held GMW 2016 lectures and debates on “Save today, Safe tomorrow” at the Resource Center to bring the young generation’s attention to the banking system, information about savings, deposits and loans and to generally give knowledge about financial literacy. A tour for youth to the offices of the Kyrgyz Investment Credit Bank was also organized. More than 16,000 children and young people took party in Global Money Week 2016 events in Kyrgyzstan.

Global Money Week 2016

Latvia Leading organizations: Financial and Capital Market Commission (FCMC) Key Participants: BA School of Business and Finance, Riga Technical University, Talsi regional municipality, Jelgava City Council and Zemgale Region Competences Development Centre, National Centre for Education, University of Agriculture Latvia, Ministry of Finance, Bank of Latvia, Ministry of Welfare and State Social Insurance Agency, Consumer Rights Protection Centre, Stock exchange Nasdaq Riga, University of Economics and Culture, Junior Achievement Latvia, Association of Commercial Banks of Latvia, Latvian Insurers Association, Swedbank, SEB Banka, Nordea Banka Number of participating organizations: 20 Number of children reached: 13,000 Number of activities: 70

Global Money Week 2016

During Global Money Week 2016, Latvia organized Financial Education Week (FEW) 2016, in cooperation with partners from the Financial and Capital Market Commission (FCMC). Within FEW 2016, several financial literacy building activities were offered, including visiting lectures across Latvia. The motto of FEW 2016 in Latvia was “Journey towards Financial Literacy” and, this time, the mascot of financial education, Smarty the piglet money-box (Gudrīte), visited various regions to promote the importance of financial literacy in modern life and to give advice to everyone interested. The number of financial literacy supporters in Latvia has been growing each year. In 2016, the supporters of GMW were: FCMC, BA School of Business and Finance, Riga Technical University, Talsi Regional

Municipality, Jelgava City Council, Zemgale Region Competences Development Centre, National Centre for Education, University of Agriculture Latvia, Ministry of Finance, Bank of Latvia, Ministry of Welfare and State Social Insurance Agency, Consumer Rights Protection Centre, Stock Exchange Nasdaq Riga, University of Economics and Culture, Junior Achievement Latvia, Association of Commercial Banks of Latvia, Latvian Insurers Association and commercial banks including Swedbank, SEB Banka and Nordea Banka. The money-box, Smarty, along with the FEW 2016 team, visited Talsi (north-western Latvia) on 15 March and Jelgava on 18 March. A number of events were planned, all available to the public and free of charge.

Lebanon Leading organizations: Higher Council for Childhood, Ministry of Social Affairs, Central Bank of Lebanon Key Participants: Bank Audi, Fransa Bank, Teach a child association, Azm & Saade School, Sahagian School, Sagesse School Ain El Remaneh, Lycée Nahr Ibrahim School, Makassed Schools (4), Sagesse School – Jdeideh, Saints Coeurs - Ain Najm Number of participating organizations: 17 Number of children reached: 833 Number of activities: 58 Bank Audi participated in Global Money Week for a second year and continued to strive to promote financial literacy and raise

awareness amongst young people about financial planning and management, savings, and social inclusion. During GMW Bank Audi hosted high-school students for “A Day at Bank Audi”, which took place at Bank Audi Head Offices on 14, 15, 16, 17, and 18 March. During these five days, young people and students attended presentations and activities around topics relating to the bank’s delivery channels, plastic money & e-payment solutions, and products & services. The students learned about accounts, services, loans, and bank insurance – all with a focus on the importance of savings.

The first year that Fransa Bank participated in Global Money Week the bank invited young people that are in close contact with the ‘Teach a Child Association’ to visit the headquartes in Hamra, Beirut. During their visit the Secretary General of the Ministry of Social Affairs’ Higher Council for Childhood gave a presentation on Global Money Week. They received a presentation and tour to show them how the bank and its products operate, before carrying out a role-play game at branch level.

Global Money Week 2016

Liberia Leading organizations: Plan International - Liberia Number of participating organizations: 1 Number of children reached: 100 Number of activities: 10 Liberia participated in Global Money Week

Global Money Week 2016

for the first time this year! Activities in the country were led by Plan International Liberia. Plan Liberiaâ&#x20AC;&#x2122;s livelihoods team held experience sharing meetings for ten village savings and loan associations (VSLAs). These meetings aimed to gather information regarding the economic and social status of

members prior to participation in vocational skills training and subsequently into savings groups. The meetings also sought to discuss the current savings per individual, current economic and social status and more.

Lithuania Leading organizations: Bank of Lithuania Key Participants: The Money Museum, Vilnius University Faculty of Humanities in Kaunas, College of Social Sciences Šiauliai State College, State Social Security Fund Board (SoDra), Ministry of Education and Science, Education Development Centre, Association of Lithuanian Banks and its members, SEB bankas, Swedbank, Danske Bank, Šiaulių bankas, DNB bankas, Central Credit Union of Lithuania, Securities exchange Nasdaq Vilnius, Central Securities Depositary of Lithuania, Nasdaq technology and business support, competence centre, Joint stock limited life insurance and pension, company “Aviva Lithuania”, Joint stock limited company “SEB Gyvybės draudimas”, Vilnius region credit union, Kaunas Chamber of Commerce, Industry and Crafts Financiers Club, Club “Pinigų srautas”, Association of Lithuanian Schoolchildren, Association the Lithuanian Chamber of Bailiffs, Asset management group Invalda INVL, Authorised representative of UPS in Lithuania ”Skubios siuntos”, Lithuanian Children’s Foundation, VšĮ Lietuvos Junior Achievement, Joint stock limited company “Rempaka”, Joint stock limited “Adeo Web” Number of participating organizations: 295 Number of children reached: 64,000 Number of activities: 530 This year, Lithuanian children had to compete in the creative comics’ competition

“I save smart! So should you!” initiated by the Bank of Lithuania. Whilst playing and solving tests at the Money Museum of the Bank of Lithuania, children were introduced to the history of money. The Bank of Lithuania’s buildings in Kaunas were open for schoolchildren as well, and all those willing and interested were able to learn financial management tips and tricks through an electronic lesson. The Bank of Lithuania invited adults as well to take an interest in children’s financial education, organizing, therefore, a discussion entitled “Children and Money: Dispelling Myths!”. During the discussion, experts in various fields advised parents on how and at what age children should be taught about money. Educational projects for Global Money Week were also conducted by Vilnius University Faculty of Humanities in Kaunas and College of Social Sciences and Šiauliai State College, while representatives of SoDra delivered lectures to 10–12 class schoolchildren on the topic of ‘You Can’t Survive on Love Alone’. The Securities Exchange NASDAQ Vilnius, the Central Securities Depositary of Lithuania and Nasdaq Technology and Business Support Competence Centre invited schoolchildren to “Open Door Days” on 15, 16 and 18 March. Members of the Association of Lithuanian Banks invited schoolchildren to events specifically designed for them: lessons, discussions and games were organized for

various schools around the country. Specialists from UAB Aviva Lietuva and a representative of the Lithuanian Life Insurance Companies Association not only discussed life insurance with children, but also spoke about how to save for a trip or a new phone, while UAB SEB gyvybės draudimas invited children aged 6–7, together with their parents, to take part in interactive discussions. The aim of the discussions was to talk in the form of a game about the significance of financial literacy, methods of saving and, most importantly, the children’s future aspirations. Joining Global Money Week this year for the first time, Vilnius Region Credit Union, seeking to draw children’s attention to the importance of saving, invited children to take part in the competition ‘My piggy bank’. The Kaunas Chamber of Commerce, the Industry and Crafts Financiers Club and the club Pinigų srautas shared knowledge with schoolchildren. While in meetings with bailiffs, schoolchildren learned how to avoid debt and be in control of their finances. This year, the professional volunteering project ‘Why do we need that?!’ again helped experts and schoolchildren interact, bringing together professionals and teachers from various fields who help young people find their career direction.

Global Money Week 2016

Luxembourg Key Participants: The Luxembourg Banker’s Association - ‘D’, Woch vun de Suen”, Bank Museum at Banque et Caisse d’ Epargne de L’Etat(BCEE), Central Bank of Luxembourg Number of participating organizations: 3 Number of children reached: 1,070 Number of activities: 5 This year, the activities that took place in Luxembourg during Global Money Week, designed for students of 11 years, included: • Interventions in the classroom with a focus on a responsible purchasing

Global Money Week 2016

behavior. The courses were animated by volunteers in collaboration with teachers. The pedagogical material was represented by an educational workbook called “Impuls”, made by Inter-Actions through Service d’Information et de Conseil en matière de Surendettement (SICS). • A game “Eurodéo” which was played in class. Eurodéo helped students to learn to distinguish between desires and needs and also to prioritize expenses in a budgeting overview.

• Visits to the Bank Museum at Banque et Caisse d’ Epargne de L’Etat (BCEE). During the visit to the Bank Museum, there was a small competition about the different topics shown during the visit, including a beautiful porcelain piggy bank as a prize. The visit was concluded with a picture of the group, which was sent to teachers. • Visits to the Central Bank of Luxembourg. All together, 750 pupils participated in the “Woch vun de Suen”, and 320 visitors were welcomed at the Bank Museum at BCEE.

Macedonia Leading organizations: National Bank of the Republic of Macedonia, Ministry of Finance, Securities and Exchange Commission, Insurance Supervision Agency, Agency for Supervision of Fully Funded Pension Insurance Number of participating organizations: 7 Number of children reached: 2,000 Number of activities: 3 The National Bank, together with the Ministry of Finance, the Securities and Exchange Commission, the Insurance Supervision Agency and the Agency for

Supervision of Fully Funded Pension Insurance, whose representatives make up the Coordinating Body of the Regulatory Authorities for Financial Education in the Republic of Macedonia, gave lectures to primary and secondary school students in Macedonia. Through these lectures, students were closely introduced to money and its meaning, exchange, history, production, saving, inflation, monetary policy and more.

initiative, presented on topics such as basic concepts of insurance and risk management in insurance. The agency also launched a booklet for primary school students on â&#x20AC;&#x153;How insurance works.â&#x20AC;? This booklet covers the basic characteristics of insurance as a financial service, including the origins of insurance, how insurance works, types of insurance and how an insurance company makes a profit.

The Insurance Supervision Agency, as an active supporter of the Global Money Week

Global Money Week 2016

Madagascar Leading organizations: Coordination Nationale de la Finance Inclusive (CNFI) Key Participants: Association Professionnelle des Institutions de MicroFinance de Madagascar (APIMF), Faculté DEGS Université Antananarivo, Université ACEEM, Université Catholique de Madagascar, Lycée Andohalo, Lycée Jules Ferry, Lycée Moderne Ampefiloha, Lycée Rabearivelo, Ecole Primaire Publique Antanimbarinandriana, Collège d’Enseignement Général Antanimbarinandriana Number of participating organizations: 17 Number of children reached: 16,150 Number of activities: 100 Madagascar was a newcomer to the GMW celebrations this year. The Coordination Nationale de la Finance Inclusive (CNFI), in

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close cooperation with the Association Professionnelle des Institutions de MicroFinance of Madagascar (APIMF), set up a comprehensive and diverse program for its first time participating in Global Money Week. The Ministry of Finance and Budget officially launched the GMW celebrations in Antananarivo. The opening ceremony was followed by conferences and debates about the state of financial inclusion in the country, which were open to stakeholders and professionals of financial inclusion. For youth participants, a film projection “Me and Money” (“Moi et l’argent”), activities and discussions took place the same day for a crowd of 500 students from nine high schools and universities! Students from primary schools in Antananarivo were also

reached during the Week through awareness raising and money-related drawing competitions. The CNFI opened savings accounts for the winners of these competitions. The media was closely following all of these events which were mobilized throughout the Week through special GMW TV shows on financial inclusion with the CNFI and APIMF, radio spots, newspaper ads and press releases. Together, all of these insured a large awareness campaign on financial education in Madagascar, reaching over 615,000 people, and over 1100 children and youth were reached directly by attending the GMW celebrations! They found this event really interesting and asked to be part of next year’s celebrations as well.

Malawi Leading organizations: Reserve Bank of Malawi, Ministry of Education, Malawi Institute of Education Key Participants: The Life and Pensions Association of Malawi, Competition and Fair Trading Association of Malawi, Association of Business Journalists, Bankers Association of Malawi, Financial Markets Dealers Association of Malawi, Consumer Association of Malawi, Old Mutual, Times Group, Association of Business Journalists, FEDOMA, Alliance Capital, NICO Asset Managers, Catholic Relief Services, Opportunity Bank of Malawi Number of participating organizations: 17 Number of children reached: 500 Number of activities: TBC

Malawi has been commemorating Global Money Week since the initiative was first launched five years ago. The Reserve Bank of Malawi led this year’s GMW celebrations by organizing a number of financial education activities including “Open Days” and an educational visits to the Malawi Stock Exchange. The Malawi Stock Exchange also held an “Open Day” for students during the Week, which provided them with the opportunity to better understand how the exchange functions. Personnel at the stock exchange provided insight into their daily operations and answered questions from the students. The stock exchange also organized a ceremonial “Ring the Bell” event for the students to commence the start of the trading day during their visit.

The Reserve Bank of Malawi coordinated a number of other activities that were organized by its stakeholders and partners throughout the country. For example, financial literacy workshops as well as radio and television talk show programs took place during the Week.

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Malaysia Key Participants: Bank Negara Malaysia, Bank Negara Malaysia - Museum, Art Gallery, and Knowledge Management Centre, Allianz Malaysia Berhad, World Assembly of Youth, Lariche Community Number of participating organizations: 23 Number of children reached: 23,642 Number of activities: 34 2016 proved to be another successful Global Money Week celebration in Malaysia. The Bank Negara Malaysia opened its Money Museum doors for young visitors during the Week where special sessions were organized in addition to their visits. The goal of the sessions was for young people not only to learn about the history of the Malaysian Ringgit, but also to instil the value of saving for and investing in their future. Allianz Malaysia Berhad continued its dedication to promote financial literacy

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education amongst young people in Malaysia throughout the Week by organizing a visit to Yayasan Chow Kit home, where children ranging from 10-12 years of age sat through a “My Finance Coach” lesson on the ‘Shopping: Basic’ module. This module taught children about the difference between needs and wants, the various tools used in advertising as well as how children and youth can choose wisely between product choices. In short, the module aims to give children the basics to become wise consumers in the present and in the future. In addition to the in-class modules, participants received the chance to experience the interactive ICT-based games on the concept of “Logical Intelligence.” Allianz Malaysia believes this can enable children to understand the difference between wants and needs through an online and offline mock-shopping activity while using an e-savings application.

Additionally, other partners from the Aflatoun Network, such as the Lariche Community, organized Aflatoun Club sessions on the importance of saving during Global Money Week. They have done this through their 14 partners from early childhood development schools or centers. Furthermore, the World Assembly of Youth (WAY) collaborated with LimKokWing University to develop a campaign in one of the “hotspots” frequently visited by young people in Melaka, Malaysia. In this hotspot, young people were education by WAY about money management and the importance of savings. The students also received Global Money Week and Child and Youth Finance International brochures to obtain further knowledge and awareness about the Week and the Movement.

Maldives Leading organizations: Maldives Monetary Authority Key Participants: Ministry of Education, Capital Markets Development Authority, Maldives Islamic Bank, Bank of Maldives Number of participating organizations: 17 Number of children reached: 600 Number of activities: 10 The Maldives Monetary Authority collaborated this year with the Ministry of Education and the Capital Markets Development Authority to ensure an amazing Global Money Week for young children in Maldives. Visits to the Maldives Monetary Authority were organized by the institution through students from various schools coordinated by the Maldives Ministry of Education. Eight schools were involved in these visits where students were able to learn more about

financial concepts in a fun and engaging way. Participants were given the chance to learn more about the history of the Maldivian rufiyaa, the importance of starting to save at a young age and the role of the Authority in enriching young people to become strong financial managers of their own money. During these visits, representatives from the Capital Markets Development Authority were also present to talk about their role in encouraging young people to become entrepreneurs, the business leaders of tomorrow.

account, how to use it, and why they should have a bank account open as opposed to keeping their money at home. Sessions between children and executives from the Bank of Maldives were organized so that children could learn not only about the importance of savings, but also gain an understanding of the banking industry and career prospects within the banking sector.

The Maldives Monetary Authority also worked closely with bank branches and the main offices of the Bank of Maldives and the Maldives Islamic Bank to organize joint activities in the city of Male. Within these activities, school children were invited to visit the bank branches where they had the opportunity to learn how to open a bank

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Malta Leading organizations: Directorate for Quality and Standards in Education Key Participants: Department of Curriculum Management – Home, Economics Seminar Centre (HESC) Number of participating organizations: 2 Number of children reached: 370 Number of activities: 5

interactive activities. Hence, through the program facilitated by HESC, the learners gained knowledge, skills and competences about the concept of personal finance. Various activities helped the learners to interact, reflect, think critically and express their opinions in order to be able to make responsible financial choices.

The goal of the 2016 edition of Global Money Week in Malta was to teach children and youth about money, savings, creating livelihoods, gaining employment and becoming entrepreneurs through fun and

The financial literacy program ‘Take Part, Save Smart’ targeted Year 7 students (10-11 year olds). The duration of the program was 1hr 30 minutes, and the program included the following activities: answer the ball, needs

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and wants, budgeting, understanding financial related terms, ‘Financial Literacy’ board game and a ‘Wanna be a Minnionaire’ quiz. Circulars were issued to all schools and sectors within the Maltese Educational System to brief them about GMW and the activities on offer.

Mexico Leading organizations: Educación Financiera BBVA Bancomer, Interactive Museum of Economics (MIDE), Educación Financiera Banamex Key Participants: Educación Financiera BBVA Bancomer, BBVA Bancomer’s Corporate Volunteering Program, Interactive Museum of Economics (MIDE), KidZania, and Von Glumer School Number of participating organizations: 6 Number of children reached: 38,785 Number of activities: 3,324

with each decision. The task became complicated when the children had to see that each decision taken balances with their ethic formation and financial decisions. This activity enhanced the children’s reflections on values related to financial decisions presented in daily life and the importance of keeping it in balance.

During Global Money Week 2016 Educación Financiera BBVA Bancomer was able to reach over 26,600 children and youth through their continuously innovative activities which included role playing and educational activities in partnership with four strategic allies: BBVA Bancomer´s Volunteering Program, Interactive Museum of Economics (MIDE), KidZania parks, and schools such as Von Glumer School.

• Mint your own coin: children were able to create their own money.

This year, as a result of the strategic collaboration with the Interactive Museum of Economics (MIDE) interactive and fun activities for children were deployed to help them to become aware of the responsible use of money: • Discovering the world through 15 Currencies: children took a journey to different countries using their local coins. They explored a series of numismatics, their colors, forms and representative icons. Afterwards, there was a dialogue about the various institutions that provide the bills and coins throughout the world, as well as some money exchanging exercises. • Value Scale: the children made daily life decisions, analyzing a series of possibilities with different values, each one associated

• A Savings adventure: children and youth learned about savings and the road to their own goals and dreams.

• Future Values Vault: the children save their worksheet on the Values Vault as the most treasured items of the bank are kept, also, on its values vault. Educación Financiera BBVA Bancomer and KidZania built and designed models of a local bank, fire station and insurance company for children, where they associated the responsible use of money with individual and collective values through role playing activities. Plays and radio programs with financial literacy content have also been performed by children at KidZania. Through this scale city, children learned about savings and preparing for emergencies through the different roles they played and through a guided dialog. This program is the first and only of its kind within all the Financial Literacy Initiatives globally. Furthermore, BBVA Bancomer’s Corporate Volunteering Program is also a constantly developing and innovative initiative. BBVA Bancomer’s employees spend their time and effort delivering financial education workshops to vulnerable children who

receive scholarships from BBVA Bancomer’s Foundation. Adults’ and SMEs’ workshops were also distributed to foster a cooperative environment in the family where the financial education practices could be shared by the whole family. Finally, financial literacy workshops were given to Von Glumer’s elementary and middle school students during the Global Money Week. Educación Financiera Banamex also participated with four very interesting activities throughout the country. Educaravan, for example, conducted various educational activities, such as workshops, conferences and movies, with the aim of sensitizing people in relation to the importance of financial and economic education, and to help them develop or strengthen these skills. Additionally, Educación Financiera Banamex put in place a moving fair, an activity that promoted an entrepreneurial culture and provided visitors with financial tools that may contribute to the establishment of goals in order to improve the life quality and generate general and collective wellness. Movies in Motion, another of the activities put in place by Educación Financiera Banamex during Global Money Week 2016, consisted of three mobile theaters with capacity for 91 people. Inside the theatre, financial education films were projected free of charge for all people. Inside the theatre, financial education films were projected free of charge for all people to see.

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Moldova Leading organizations: National Bank of Moldova Key Participants: Ministry of Education, European Fund for Southeast Europe (EFSE), Educational Centre “Quo Vadis,” Victoriabank, Moldova - Agroindbank, Moldindconbank, EuroCreditBank, Banca de Finanţe şi Comer, Energbank, Banca Comercială Română Chişinău, Eximbank Gruppo Veneto Banca, MobiasbancĂ Groupe Societe Generale, 25 schools, Academy of Economic Studies of Moldova, Free International University of Moldova, State University of Medicine and Pharmacy “Nicolae Testemitanu, Technical University of Moldova, Trade Co-operative University of Moldova, Comrat State University, Ungheni Agro-industrial College, Business Academy for Children and Adolescents “Prospera”, Agence Universitaire de la Francophonie” (AUF) Number of participating organizations: 49 Number of children reached: 1,929 Number of activities: 54 During Global Money Week 2016, the National Bank of Moldova organized seminars for teachers, city guides and for pupils at its headquarters. The seminars for teachers and pupils were organized with the support of the European Fund for Southeast Europe (EFSE). An interactive game on financial subjects was developed in collaboration with the Educational Centre “Quo Vadis” and was played during the GMW seminars for pupils. The materials and accessories used in the game were similar to those used in banks, agreement centers and shops, which contributed to a better understanding of the financial subjects by children in an interactive and interesting manner. With the assistance of EFSE, a booklet for children was also produced

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called “A travel in the money world”. The booklet includes information on money history, roles and features and more. A number of 385 booklets were distributed to children and teachers (trainers) to be used in their homeroom classes. The commercial banks were very active in promoting various activities and events during GMW. For example, in order to support the Financial Education Program, a commercial bank launched a new type of bank deposit “Young.” Another commercial bank organized financial education lessons for teaching staff, pupils and students. During GMW, the bank’s team visited several educational institutions from Chisinau such as State University of Medicine and Pharmacy, Technical University of Moldova, and more. During GMW, another commercial bank organized an “open lesson” on the banking products amongst the children (aged between 8-14 years old) of their employees; a trip to the central office of the bank was organized especially for them. As part of the GMW event, a bank arranged an Open Doors Day for students in its branches, where the students had the chance to learn about the functioning of the bank in more detail. This event took place in many cities of Moldova such as Chisinau, Ialoveni, Balti, Comrat, Ciadir-Lunga, Ungheni, Floresti, Cahul, Riscani, Drochia, Rezina, Anenii Noi, Orhei. The bank organized financial education lectures for students in the educational institutions in the cities Comrat and Ungheni. During the activities organized by another commercial bank, the participating children learned about the history of money, the

ancient forms of money, the National Bank of Moldova (the role, basic functions, etc.), the commercial banks (the types of operations that can be performed, who work in banks, etc.), the history of Moldovan Leu, the banking products and services, how to spend money rationally and the future of money. In the same period, one commercial bank, as a partner of Circus from Chisinau, gave children the possibility to color the pictures provided by the bank before every circus show and encouraged children, along with parents, to participate in the promotional campaign with the chance to win a guaranteed prize (branded bag) simultaneously with opening a deposit account. Another commercial bank issued banking cards for youth during GMW. At the Free International University of Moldova (ULIM), 100 French speaking students from eight universities around the country, members of the “Agence Universitaire de la Francophonie” (AUF), had the opportunity to meet and discuss with the president of a commercial bank. The event was part of a series of activities traditionally organized by AUF and the commercial bank under a long-term collaboration between the two institutions. Also, the commercial bank, in cooperation with the Academy of Economic Studies of Moldova (ASEM), organized a roundtable discussion entitled “Training bankers - 25 years of modernization”. The main objective of the event was the adjustment of the teaching process and methodologies of young specialists according to the banking market demands, and setting a long term cooperation with educational institutions.

Mongolia Leading organizations: Mongolian Bankers Association Key Participants: Bank of Mongolia, Ministry of Education, Cultural and Science, Mongolian stock exchange, Mongolian Deposit Insurance Corporation, XacBank, Khan Bank, Aflatoun, Trade and Development Bank, Golomt Bank, National investment Bank (NIBank),Capital Bank, Golden Fund for Development Association, Number of participating organizations: 19 Number of children reached: 15,800 Number of activities: 14 With the launch last year of Mongolia’s National Financial Literacy Program, the Mongolian Bankers Association (MBA) was given the leading role in the annual Global Money Week celebrations in the country. As part of GMW 2016, MBA partnered with the Bank of Mongolia, the Ministry of Education, Culture and Sports, Deposit Insurance Corporation of Mongolia, Mongolian Stock Exchange, and all of the commercial banks in the country to celebrate Global Money Week! From the 14th to the 25th of March, a range of activities were organized, including a social media contest, a TV show, bank tours, school visits, visits to the Central Bank and the Mongolian Stock Exchange, and a training for the MBA Financial Education Working Group. The Mongolian Bankers Association has announced a short-video/Vine Facebook contest under the theme: “Financial Education in My Life”. Submission of videos was closed on March 20th. The judging committee selected the two best videos and

awarded them with a savings account equal to 500USD. The MBA and its members together with the Central Bank of Mongolia organized a talk show with the theme “Why is financial literacy important?” - the show was aired on the most viewed TV channel in Mongolia during peak time. The talk show guests were high-level representatives of the MBA, Central Bank, Ministry of Education, school teachers, parents and NGOs. They discussed the current level of financial literacy of Mongolians in general (and specifically children) and the accompanying challenges. Further, they discussed the National Financial Education Program and the strategies/activities to successfully implement it. Some selected school students visited the Bank of Mongolia and the Mongolian Stock Exchange (MSE) as part of the GMW celebrations. Students rang the bell to open the market for the trading day at the Mongolian Stock Exchange. The students were also given a tour of the MSE, learned about the financial sector and how the stock exchange operates. Some of MBA member banks including the Xacbank, Trade and Development Bank, and National Investment Bank brought primary and mid-high school students to the bank offices and discussed important financial literacy concepts. In addition, they introduced the operation of the banks and organized a bank tour. Further, banks also showed a video on the Mongolian

Sustainable Finance Initiative to promote the long-term goals of Mongolia in the financial sector and the role of children today and in the future to achieve this. Other MBA member banks also visited schools where they organized lectures and interactive sessions about money, savings, and financial literacy. Launched within Global Money Week, the National Investment Bank created the character “NIB Little Financier” with the aim of imparting financial knowledge to children. The character is aimed at improving financial knowledge of children in line with the Central Bank of Mongolia and World Bank’s program on “improvement of the basic financial knowledge of citizens.” The program was launched on March 14th and is expected to conclude on June 1st, 2016. The created character will help motivate the related trainings and linked cognitive programs for school children – which also extends to parents and teachers. In line with the National Financial Literacy Program, a working group for financial literacy was established that included representatives from member banks and organizations of the MBA. The kick-off meeting was done during GMW 2016, which also provided participants training on: What is financial education for youth and its importance, the role of banks in creating financial literate young people, and reasons why the current commercial financial education being done is problematic. As a result, the working group also discussed proposals for their initial work plan for 2016.

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Montenegro Leading organizations: Central Bank of Montenegro Key Participants: Elementary School ‘’Vuk Karadžić’’ Berane, Elementaru School ‘’Marko Miljanov’’ Bijelo Polje, Elementaru school ‘’Stefan Mitrov Ljubiša’’ Budva, Elementary School ‘’Blažo Jokov Orlandić’’ Bar, High school ‘’Sergije Stanić’’ Podgorica, Public preschool ‘’Đina Vrbica’’ Podgorica, Day Center for children with disabilities in Nikši, Economic School ‘’Mirko Vešović’’ Podgorica, High school ‘’Panto Mališić’’ Berane, High school ‘’Miloje Dobrašinović’’ Bijelo Polje, High school ‘’Danilo Kiš’’ Budva, Economic school ‘’Mirko Vešović’’ Podgorica Number of participating organizations: 13 Number of children reached: 11,000 Number of activities: 34 Montenegro celebrated Global Money Week for the fourth time with numerous activities aimed at raising the levels of financial literacy in the country. On 14 March, GMW began with a traditional “Open Day” at the Central Bank of Montenegro. Following a welcome note given by the Governor of the Central Bank of Montenegro, the Specialist from Financial Stability, Payment Systems and Treasury office gave a 45 minute intro each about their current positions and about actual economic and financial challenges. Each speaker also allotted time for questions and doubts from the students regarding different themes related to financial issues, explaining the mission of

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the Central Bank, inflation, payment systems, the financial system, currency and personal finance. At the end of the Open Day, each student was given special gifts courtesy of Central bank of Montenegro, including GMW t-shirts. On 15 March, GMW in Montenegro was devoted to the youngest participants. Pre-school children had the opportunity to enjoy talks and presentations focused on the overall theme of GMW - saving. Children played various budget games, had fun with imaginary banknotes and coins, made drawings and acted like they were in the bank. All of the children participated in a quiz that included assembling puzzles of euro banknotes and first winners, followed by the others, were given piggy banks for savings as awards. On 16 March, high school students studing economics attended a presentation on banking products and services. Students and their teachers highly appreciated the opportunity extended to them and expressed the hope that such activities become more frequent events and with a larger outreach in the future. On 17 March, four different teams traveled to two different sides of the country – to the north and to the south - and the children from different towns in Montenegro had the opportunity to enjoy presentations and workshops. For young children,

representatives of the Central Bank prepared the workshop ‘’Introduction to the world of money’’ and a workshop about identifying counterfeit money was prepared for high school students. The younger participants received piggy banks and the older students received brochures about identifying counterfeit money and about central banking theory and practice. On 18 March, GMW activities also included children with disabilities. Central Bank representatives visited the Daily Center for the children with disabilities, expanding their cultural and financial horizons, with a special focus being placed on savings. Every child was given a piggy bank for saving. Global Money Week events and celebrations were extensively covered in major national press, media, television and radio stations. Several media outlets were also active participants in the celebrations, making interesting and comprehensive TV reports that were broadcasted during the Week on different TV and radio stations. Above that, in cooperation with the National Radio Television of Montenegro, the Central Bank developed a program that was broadcasted every morning during GMW for approximately five minutes. This fun and educational program included preschool aged children who responded to questions related to money and savings.

Morocco Leading organizations: Fondation Marocaine pour l’Education Financière Key Participants: Ministry of National Education and Vocational training, Bank Al Maghrib (Central Bank of Morocco), Bourse de Casablanca (Stock Exchange Casablanca), Groupement Professionnel des Banques du Maroc, Fédération Marocaine des Sociétés d’Assurance et de Reassu-rance, Aflatoun, Association Bayti, over 400 banking agencies Number of participating organizations: 410 Number of children reached: 150,000 Number of activities: 603 Organized by the Moroccan Foundation for Financial Education (FMEF), the 5th edition of Financial Education Days reached more than 150,000 children and youth.

Participants were able to experience a diverse and extensive program, including a visit to the Casablanca Stock Exchange to familiarize themselves with this institution and its role. Over 400 banking agencies welcomed students during the Week, showing a large involvement from the banking sector in raising awareness on financial education, with 20 agencies from the Bank al-Maghrib coordinating the events. Furthermore, more than 200 banking professionals also went to schools to conduct financial trainings and raise awareness about the importance of financial education and inclusion. Students were taught about money, budget, savings, banking, insurance products and services. In addition, a press conference on financial education was held at the FMEF to attract media attention during these Financial Education Days.

“We never stop noticing the enthusiasm of the students. They highly appreciated this week. This is expressed by the change from 30,000 students in 2012 to 150,000 students this year. ” - Atiqua Hafaoui, from the direction for school life within the Ministry. “We aim, through this initiative, to raise awareness among youth on elementary concepts in financial issues. Moreover, these children will help us to spread this education to their parents, especially in the rural world where a major part of the families is still not familiar with the world of banks and money.” - El Hadi Chaibainou, CEO of the banking association Groupement professionnel des banques marocaines (GPBM)

One of the objectives of the Week was to bring financial education closer to youth in rural areas. This year, the participation rate in rural areas increased to reach 30%!

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Mozambique Leading organizations: Bank of Mozambique (Banco de Moçambique), Banco Oportunidade de Moçambique, World Vision Mozambique, Mozambique Stock Exchange (Bolsa de Valores de Moçambique), Ecobank Key Participants: Adolescents Saving Groups, Adults Saving Group, Saving Group Community Promoters, Local Government leaders, Traditional Leaders, Local TV, Local Radio, Women’s Development Fund (FDM), District Services of Education , District Services of Youth and Technology , District Services of Economic Activities , District Service of Health , Provincial Department of Finance, Noticias Newspaper and singing and dancing group Number of participating organizations: 35 Number of children reached: 2,960 Number of activities: 13 The central bank of the country, Banco de Moçambique, joined Global Money Week for the first time this year. They conducted two lectures on the “Origin and Conservation of Money - Metical” and “Savings” in two primary schools in Maputo province: Escola Primária Anexa ao IMAP, Matola city on 17 March and Escola Primária 3 de Fevereiro, in Maputo city on 18 March. The bank staff of Banco Oportunidade de Moçambique also conducted a school visit during Global Money Week and delivered financial literacy workshops for students, and visited a customer business during the

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Week. The visit of the agency in Matola aimed to show the future technicians how a bank branch works, how to request information and customer registration, how to apply for credit, how to make deposit transactions, how to survey using digital printing technology and, finally, the composition the agency in terms of human and other resources. Events received very good feedback from teachers and participants. On 15 March, the Mozambique Stock Exchange received a group of students from Francisco Mayanga High School. It was the first time the exchange took part in GMW events. The students had a chance to Ring the Bell, symbolizing the opening of the exchange markets; they also participated in an educational activity about the role of the stock exchange, savings and investments. BVM also conducted a press conference with participation of BVM’s CEO, addressing issues concerning the role of the stock exchange in promoting savings levels and SMEs development in Mozambique. World Vision Mozambique participated in the campaign for the second time, through Chongoene Area Development Programme in Gaza Province. World Vision also involved a number of other organizations including: adolescent saving groups, adult savings group, saving group community promoters, local government leaders, traditional leaders, local television and radio, the

Women’s Development Fund, the District Services of Education, the District Services of Youth and Technology, the District Services of Economic Activities, the District Service of Health, the Provincial Department of Finance and other actors. Various activities were organized throughout the Week including talks in the communities, meetings for exchange of experiences between different groups of teenagers saving group members and trainings on financial literacy. Adolescent savings group members also visited Microfinance Institutions (Socremo and FDM MFIs). On the 19th of March, the Saving Fair was organized with talks about the Week’s theme and an exhibition of saving products in Chongoene Headquarter Secondary School. World Vision also involved a number of important individuals in the Week including: the Governor of Gaza province, the District Government of Xai -Xai who was represented by Mr. Permanent Secretary, the Health District Offices for Women and Social Affairs and the District Services of Education, Youth and Technology, in addition to adult savings groups, children, World Vision staff, students and teachers of the Secondary and Primary school of Chongoene, police, Mozambique Public Television, Radio Mozambique and newspapers.

Namibia Leading organizations: Financial Literacy Initiative (FLI), Ministry of Finance, SOS Village, GEN Namibia, Namibia Stock Exchange Number of participating organizations: 5 Number of children reached: 320 Number of activities: 5 The Financial Literacy Initiative (FLI) Namibia celebrated four years of its existence on March 12th - two days before the official Global Money Week launch. The FLI is a national platform initiated by the Ministry of Finance with support from other organizations to enhance financial education for individuals in Namibia. There

were lots of fun and interactive activities for children, live performances from renowned local artists, art exhibitions and displays from FLI platform supporters. As part of the activities to commemorate the day, the FLI organized an art competition with the theme: â&#x20AC;&#x2DC;Namibia saves for the Future.â&#x20AC;&#x2122; The competition objective was to raise awareness and motivate a savings culture among pupils, giving them an opportunity to be creative in the process. Students were encouraged to artistically express the reasons that motivated them to save for a university education, travelling, sports or simply to assist their parents in meeting daily household needs. Entries consisted of

art work in the form of paintings, drawings, sketches and designed savings containers. Prizes of N$1 000, N$1 500 and N$2 500 were awarded to participants aged 7 - 12 years for their creativity in designing a savings tool. The SOS Childrenâ&#x20AC;&#x2122;s Village organized a two-day youth empowerment workshop to mark Global Money Week in Namibia. The workshop was aimed at capacitating youth workers to support young people towards self-reliance and re-integration into society. The organization also coordinated an educational visit to the Namibia Stock Exchange.

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Nepal Leading organizations: Nepal Rastra Bank, Artha Foundation: For Economic and Financial Research Key Participants: Ministry of Education, UNICEF Nepal, Child Workers in Nepal Concerned Centre, NMB Bank, SBI Bank, Rotaract Nepal, Interact District Council 3292 Bhutan Nepal, Private and Boarding School’s Organization, Nepal (PABSON), CYFI Youth Country Representative / Global Money Week 2016 Ambassador, Aflatoun Partner: CWIN Number of participating organizations: 76 Number of children reached: 36,400 Number of activities: 61 The Nepal Rastra Bank (NRB), has continuously supported the mission of CYFI and is continuing to advance financial literacy of young people as one of its priorities, led the Global Money Week 2016 celebrations in the country, partnering with multiple institutions such as the Ministry of Education of Nepal. The national celebration of Global Money Week was marked by the annual financial literacy rally that invited several partner institutions from the government, financial institutions and civil society organizations to raise awareness and promote action to advance financial literacy for young people in Nepal. In addition to this, multiple banks, under the promotion of NRB, participated through organizing visits to schools to educate young people to the basic ideas about banking services such as savings accounts and other financial products for when they grow older. Additionally, a roundtable meeting linked stakeholders with common

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interests in creating and sharing ideas on the importance of financial education, methods that can be used in order to deliver financial education, and ways to disseminate financial education. The Child Workers in Nepal Concerned Centre (CWIN) coordinated various activities which focused on social and financial education for children: For example, CWIN organized: • Trainings for children who have previously participated in social and financial education programs to develop and create grassroots comic books about their own stories of their journey through social and financial education. They were exhibited and shared with children from other schools to be able inspire their peers. • Dramatizations for social and financial education, run by the Self-Reliance Center for Young People. These dramatizations and accompanying trainings aimed to empower children and youth livelihood skills, vocational education, career counselling, job placement, and support for plans for micro-enterprise development. • An Aflatoun Day event entitled “Expression of empowerment of young people through social and financial education” - governmental stakeholders, dignitaries, representatives of banks and financial institutions, and other relevant stakeholders were present.

The Artha Foundation organized a Poster Launching Program in partnership with Interact District Council 3292 and reached 37 schools all over the country, focusing mainly on Bhaktapur District. More than ten thousand students signed a pledge to set a savings goal. The process helped individuals to create a basic savings plan and encouraged them to take action. Participants in Artha Foundation’s activities also took part in a half-day dialogue in Latipur district with school administrators, academic researchers, and community school leaders. Artha Foundation also organized an art competition, a play with the theme “The role of children in financial planning in their house,” workshops in schools focusing on financial knowledge, needs and wants, money management skills for life events, child-friendly banking products and more. Piggy banks were disbursed to several students. Moreover, students of Kathmandu University visited the Stock Exchange, where a session was conducted for students to understand how the trading system works and learn about the history of stock exchange – from the manual to the digital system at present. To close the Week, it was an honor to have Mr. Upendra Poudyal, CEO of NMB Bank and President of Nepal Banker’s Association in this year’s final event of ‪Global Money Week‬ 2016 at Golden Gate International College, where he spoke about the relationship between financial literacy and economic outcomes, including wealth accumulation, saving decisions, investment choices and credit outcomes.‬‬‬‬‬‬‬‬‬

Netherlands Leading organizations: MoneyWise Platform, Dutch Ministry of Finance, The Dutch Central Bank (DNB), The Netherlands Financial Market Authority (AFM), Dutch Bankers Association (NVB), Dutch Association of Insurers, Dutch Ministry of Social Affairs and Employment, Nibud,Hermann Wesselink College Key Participants: IES Antonio de Nebrija, Mounts Bay Academy Number of participating organizations: 212 Number of children reached: 1,229,300 Number of activities: 6,000 During the Week, partners of the Money Wise Platform organized activities for students in primary and secondary schools to learn how to deal with money. The 2016 Week van het Geld celebrations were inaugurated, as in 2015, by H.M. Queen Máxima on 14 March at the elementary school De Twaalfruiter in Vleuten. Week van het Geld is an initiative of the Dutch platform “Wijzer in Geldzaken.” During this week, the main focus of elementary schools across the Netherlands was about “learning to handle money.” By making children financially aware at an early age, a foundation is laid for financial independence in adulthood. After the opening, the pupils of De Twaalfruiter school received lessons from the top executives of the Financial Markets

Authority, De Nederlandsche Bank, the Dutch Banking Association, Nibud and the Association of Insurers. Take a look at the video (https://www.youtube.com/ watch?v=iHI6TXl-hOk)! During the Week, more than 5,500 guest lectures, activities and workshops on money management were given to primary schools in the Netherlands by staff members from, amongst others, banks, insurance companies and municipalities. In addition, all primary schools and public spaces, such as libraries, received a special “Week van het geldkrant”– a financial education newspaper. On Tuesday 15 March, the kick-off of the campaign “Your debt = Your debt?” took place in Groningen. The campaign aimed to raise awareness of the impact of financial debt and money problems. More than 300 students from MBO found their way to Martiniplaza and discussed money matters and the impact of financial expenses. On Wednesday 16th of March, students in ages 9-11 took part in a special children’s press conference with the Minister of Finance, Mr. Jeroen Dijsselbloem. The children were able to ask the Minister diverse questions about, for example, the income and expenditures of the Netherlands, as well as if and what for he

used to save money when he was young. Additionally, primary school children from across the Netherlands successfully passed the National Money Exam by Deloitte. Students from grades 7 and 8 from the Tourmaline primary school in Rotterdam took the knowledge they gained immediately into practice in the Market Hall in Rotterdam on 17th of March. Together with Deloitte employees, the students rated offers, sold fruit and vegetables at a real market stall and purchased their own, most affordable and most delicious lunches. Take a look at the video (https://www.youtube.com/ watch?v=t9dqydI_Cnc)! Other activities that took place include: diverse learning material, theatre, games, school competition, debate battles and more. Also, the CYFI Secretariat worked directly with Hermann Wesselink College and two international guest schools to conduct a GMW workshop. During the workshop, students worked in small groups to compare their findings of a previously assigned micro versus macroeconomics assignment, and create posters to present their results. Posters were judged by CYFI guests and the winning group received a prize. Watch a compilation of the activities during Dutch Money Week: https://www.youtube. com/watch?v=OmQY30hgPVY

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New Zealand Leading organizations: New Zealand Commission for Financial Capability Key Participants: Upper Harbour Sorted Schools’ Cluster, Ministry of Education of New Zealand Number of participating organizations: 10 Number of children reached: 240 Number of activities: 6 As a supporting initiative to the New Zealand Money Week that happens each October in the country, the New Zealand Commission for Financial Capability (CFFC) began celebrating Global Money Week in 2015 to be able to focus specifically on the younger generation of savers and future economic actors. In 2016, the New Zealand Commission of Financial Capability continued this commitment by coordinating with the Upper Harbour Sorted Schools’ Cluster, which are undergoing the “Sorted” program. Schools in the “Sorted” program are currently piloting and implementing the full financial capability curriculum designed for the country.

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Since 2015, the CFFC and the Ministry of Education have progressed from defining the Sorted schools’ program as “improving financial literacy” to “strengthening children’s financial capability”, as institutions have found that using the term “financial capability” to be more empowering. Together with the Sorted schools, students participated in various financial capability education lectures and interactive games throughout the Week. During these lectures and games, the program was able to bring together children from various backgrounds to be able to share their experiences, their knowledge, plan for what they want to achieve through savings and investing in the future, and have a lot of fun. Through these sessions and games, the CFFC have aimed to teach young people about:

• Money management on a daily basis: children being able to plan their sources of money such as their allowance, keeping track of their spending and having a conscious way of living within their means • Thinking ahead and having a plan for their future needs: highlighting that needs in the future could both be expected and unexpected • Basic knowledge on how children will be able to choose and use various financial products: having the capability to decide what products are appropriate • Strengthening the capability of children to make informed decisions: learning from mistakes as well as making children more aware of the way to get more information and why it is important

Nicaragua Leading organizations: Fundación FAMA Key Participants: Fundación para el Apoyo a la Microempresa, Escuela Benito Juárez, Colegio Hermano Pedro Betancourt, Colegio San Martín de Porres, Recinto Universitario Carlos Fonseca Amador (RUFA), Universidad Centroamericana (UCA) Number of participating organizations: 7 Number of children reached: 878 Number of activities: 678

For the first time, Fundación FAMA participated in Global Money Week by organizing informative sessions on savings, responsible spending and consumerism in various schools and universities throughout Nicaragua. In the Centro Escolar San Martín de Porres, Colegio Hermano Pedro Betancourt, Universidad Centroamericana and Recinto Universitario Carlos Fonseca Amador, materials such as books, brochures and banners were handed out to students.

In the universities, special attention was given to risk management as a main point of discussion during Global Money Week.

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Nigeria Leading organizations: Central Bank of Nigeria (CBN) and Banker’s Committee Key Participants: Lynx Nigeria, Junior Achievement (JA) Nigeria, Aegis Empowerment Initiative(AEI), GIZ Nigeria, SAGE Nigeria, High World International, Network of Young Female Leaders of ECOWAS, Africa for Millennium Change Initiative (AFMCI), Financial Literacy for All, Child Development and Concern Foundation (CDCF), Eadda Kids Enterprises, Entrepreneurial Development Initiative (ENDIP) Consulting, Nigerian Stock Exchange (NSE), Ajapaworld Company Number of participating organizations: 16 Number of children reached: 74,465 Number of activities: 82 The Central Bank of Nigeria and the Bankers’ Committee led the 2016 Global Money Week celebrations in Nigeria. The Committee, which is made up of representatives from the Central Bank of Nigeria (CBN), Deposit Money Banks (DMBs) and Discount Houses, coordinated GMW activities across the country alongside various other organizations. The week-long celebrations in Nigeria commenced with a huge youth-led Financial Literacy Road Show in Abuja, aimed at fostering a savings culture among the general public. The heads of various financial institutions in Nigeria visited

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schools in the country to deliver financial education to primary and secondary students. The visits were part of a School Adoption initiative coordinated by the Banker’s Committee. Commercial Banks and Microfinance Institutions (MFI’s) in the country also opened their doors to students, who visited banking halls for job-shadowing and to observe the day-to-day banking activities. The CBN organized a Child and Youth Finance Exhibition in Abuja as part of the Week’s activities. NGOs, civil societies and some of Nigeria’s development partners also joined in this year’s GMW celebrations to expand the country’s financial education outreach across several states. The German Development Cooperation (GIZ) and its affiliate microfinance institutions organized workshops on financial education, employment, job shadowing, savings campaigns and school bank initiatives in four states. The SAGE Nigeria team, made up of primary and secondary school students, received a tour of the CBN Money Museum. Aegis Empowerment Initiative (AEI) held an interactive financial education session with students from BEMA Home School and

launched a savings initiative in the school. Financial Literacy for All (FLFA) held special financial education workshops for the blind in Lagos. The organization also donated some financial education materials in braille to their local school for the blind. Eadda Kids Enterprise undertook a number of social media campaigns on savings. Ajapaworld marked their GMW celebrations with a special episode of ‘Ajapa’- the witty tortoise program - on national television. The Ajapaworld team also held debates and financial literacy challenges for young people. Child and Development Foundation and personnel of First National Bank Nigeria visited 16 primary and secondary schools in the Ibadan and Oyo states during GMW, to promote savings habit in students. In each of the schools, youngsters staged drama sessions which highlighted the importance of savings. JA Nigeria also partnered with CBN and organized interactive sessions on financial systems for young people. High World International held a multistakeholder forum and musical concert to commemorate GMW in Abuja.

Norway Leading organizations: AksjeNorge, Oslo Bors Number of participating organizations: 2 Number of children reached: 47 Number of activities: 1

On the 14th of March, AksjeNorge and Oslo BĂ¸rs (Oslo Stock Exchange) hosted an event for several high schools, marking celebrations of Global Money Week 2016 in Norway. Various high schools participated in the tour around the stock exchange, and were then given a presentation by both Oslo

BĂ¸rs and AksjeNorge. The topics dicussed included the history of the exchange, the role an exchange has in society, how the equity markets work and how the markets can be used for long term savings and investments.

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Pakistan Leading organizations: Pakistan Microfinance Network Key Participants: Youth in Action Balochistan (YIAB), Balochistan Boy Scouts Association Number of participating organizations: 24 Number of children reached: 13,211 Number of activities: 31 Annually, Global Money Week in Pakistan has been celebrated through various activities across the country. Each year, the focus has differed depending on those who participated. Leading the celebrations this year was the Pakistan Microfinance Network (PMN) and its network of members, who were asked to conduct various activities that focused on improving the financial literacy of children. This year, the Pakistan Microfinance Network and its wealth of members chose to

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highlight the advancement of financial capability of young girls within the country. PMN invited its microfinance institution members across the country to organize a number of activities that specifically shed light on girlsâ&#x20AC;&#x2122; financial literacy and why it is important for them. This was done through a series of school visits from microfinance institution officials in various parts of the country. In these talks, the officials not only educated young girls about the importance of taking charge of their economic future, but also talked to young boys about understanding the role they have to ensure that they view girlsâ&#x20AC;&#x2122; equally with respect. Secondly, an essay-writing competition was launched before GMW, wherein the winner was awarded at the end of Global Money Week. The essay-writing competition asked young girls what they wanted to save for and what they think regarding being able to learn about financial matters at a young age. In

addition to the young girls being able to share their thoughts, this was also a way for them to be able to share their experiences and aspirations to the rest of the population. The winning piece was circulated to the participating schools in the competition. Furthermore, the Youth in Action Balochistan also took part in the celebrations. As done in the past, Youth in Action coordinated activities with the Balochistan Boy Scouts Association. During Global Money Week, they involved children and parents in fun and interactive activities that focused on savings, health, children and parents could help each other as a family in smart money management. The games focused on the joint effort that children and parents should make to be able to ensure that the family will be able to have healthy and financially sound futures.

Panama Leading organizations: Superintendencia de Bancos de Panamá Key Participants: Superintendencia del Mercado de Valores de Panamá, SUMA Financiera, Tocumen, S.A., Finanzas para todo, Fundación Yo Pinto una Sonrisa, Yajois Super Tiendas, Cooperativa Nueva Unión R.L., Eventos Carolina, Autoridad de Aseo (AUD), Colegio Claret, Instituto Fermin Naudeau (IFN), Instituto Coronel Segundo de Villarreal (ICSV), Instituto Bilingüe Cristo de los Milagros (IBCM), Instituto Comercial Panamá (ICP), Colegio Agustiniano Nuestra Señora del Buen Consejo, Instituto David, Primer Ciclo de Tocumén Number of participating organizations: 19 Number of children reached: 1,005,310 Number of activities: 43

For the third consecutive year, Panama joined the celebrations of Global Money Week 2016 with the slogan “Take part. Save smart!” Various activities took place in which 5,310 students from a number of schools in various parts of the country were involved. Furthermore, Global Money Week in Panama included the participation of public and private schools, and, for the first time, schools in the provinces of Chiriqui, Herrera and Los Santos joined the celebrations.

Additionally, social media channels and networks, such as Facebook, was a big tool for partners celebrating Global Money week in Panama. The “Global Money Week Panama” fan-page on Facebook reached more than 10,000.00 views and interactions with GMW publications before, during and after the celebration.

Activities included workshops, sports competitions, murals, dramatizations, talent shows, storytellers and a contest were students created piggy recycled materials. All of these activities were aimed at promoting financial education, money management and the importance of saving.

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Papua New Guinea Leading organizations: Bank of Papua New Guinea Key Participants: Papua New Guinea Centre for Excellence in Financial Inclusion, Bank South Pacific, Westpac Bank, ANZ Bank, PNG Microfinance Limited, Kada Poroman Microfinance Limited, Nationwide Microbank Number of participating organizations: 24 Number of children reached: 12,200 Number of activities: 20 Through its National Youth Savings Campaign, the Bank of Papua New Guinea coordinated a two-week long celebration to coincide with GMW, related to financial literacy education and financial inclusion of children and youth in Papua New Guinea. The Bank of Papua New Guinea focused its efforts on financial literacy and savings campaigns, and coordinated with

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participating financial institutions including Bank South Pacific, Westpac Bank, ANZ Bank, PNG Microfinance Limited, Kada Poroman Microfinance Limited and Nationwide Microbank.

initiatives for financial inclusion of young people and their parents, aim to empower the Papuan people to become more informed, confident, responsible and skilled at handling their finances and their futures.

A series of activities were organized and coordinated by the Bank of Papua New Guinea, namely financial education lectures and class sessions with children in primary school. The Bank of Papua New Guinea and participating banks directly reached 16 schools in total. Aside from teaching the students about the inner workings of the banking system and the importance of saving, the Central Bank also stressed the commitment of the government to building long-term financial capability of the countryâ&#x20AC;&#x2122;s population. As communicated and promoted by the Bank of Papua New Guinea, Global Money Week and its various

In addition to the class lectures, two commercial banks (Westpac Bank and ANZ Bank) organized and invited children to visit their branches. In these visits, the children were introduced to what banking is, how they will be able to save through a bank, the banking products that kids and their parents could use, and more information on the importance of savings. Finally, the kids also received Global Money Week and CYFI brochures to highlight the importance of the event, as well as some basic financial education materials to further improve their financial literacy.

Paraguay Leading organizations: Central Bank of Paraguay Key Participants: Fundación Paraguaya, Fundación AMCHAM Number of participating organizations: 58 Number of children reached: 50,000 Number of activities: 83 Paraguay was one of the pioneering countries in the implementation of the Global Money Week 2016 Regional Rally. The rally was a regional activity coordinated by CYFI’s International Secretariat with the support of their collaborators and allied institutions at the regional level. This activity aimed to connect various entities and countries in celebration of Global Money Week 2016. This year, the rally saw the participation of 12 organizations from

seven countries throughout the region, including Paraguay. Global Money Week celebrations in Paraguay were launched with a press conference attended by high-level authorities of each of the participating organizations and more than 180 youth. During the press conference, the participating organizations will presented details of the events and their plans to celebrate Global Money Week 2016 in Paraguay.

included a workshop on the history of money in Paraguay and of money from around the world. The implementing partners also organized similar workshops, visits to schools, a national youth assembly, radio spots and campaigns. During the closing ceremony, implementing partners celebrated with photo contests. Other Global Money Week activities in the country included visits to schools, participation of youth in each of the Global Money Week challenges as well as television and radio programs.

The Central Bank, the leading organization of the GMW initiative in Paraguay, launched the 2nd Edition of the Central Bank’s contest, in which youth from the last grade of high school presented diverse projects related to the work of the Central Bank. The activities at the Central Bank of Paraguay

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Peru Leading organizations: Superintendencia de Banca, Seguros y AFP, Ministerio de Educación Key Participants: Superintendencia de Banca, Seguros y AFP (SBS), Ministerio de Educación ( MINEDU), Ministerio de Economía y Finanzas (MEF), Banco Central de Reserva del Perú (BCRP), Banco de la Nación (BN), Comisión Multisectorial de Inclusión Financiera (CMIF), Programa Nacional de Becas y Créditos Educativos (PRONABEC), Municipalidad de San Miguel, Banco de Crédito del Perú( BCP), Fondo de Seguro de Depósitos (FSD), Caja Sullana, Rímac Seguros, La Positiva Compañía de Seguros, Mapfre Seguros, Pacífico Seguros, Sura Compañía de Seguros, Protecta Compañía de Seguros, Finanzas Prácticas – Visa, Fundación Alemana, Instituto de Estudios Peruanos (IEP) - Proyecto Capital, ONG Visión Solidaria – Aflatoun, Asociación de Empresas de Seguros (APESEG), Federación Peruana de Cajas Municipales (FEPCMAC), Centro de Estudios Financieros de la Asociación de Bancos ( CEFI de Asbanc) Number of participating organizations: 49 Number of children reached: 14,785 Number of activities: 105

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This year for the first time in Perú, Global Money Week involved both the public and private sector, schools, universities, civil society organizations, associations and more in financial education initiatives at the national level in the pursuit of a common goal: to encourage the population, especially children and youth, to create a culture of savings. Global Money Week is in line with the actions of the National Strategy for Financial Inclusion Peru, within the framework of the development of awareness campaigns to promote savings as a means to achieve short and long term goals, as well as a means to reducing vulnerabilities in the population. Peru launched the celebrations of this year’s Global Money Week on 16th of March with activities in Lima, San Martín, Piura, Huancayo, Arequipa and Cusco. Activities in Peru not only focused on children and youth, but also took the involvement of parents and teachers into consideration when striving to develop financial capabilities at a younger age. The Ministry of Education and the Superintendence of Banks and Banco de Crédito de Perú initiated activities at the national level, making this the first Global Money Week of national outreach in Peru.

Activities in Peru included three days of school visits and various recreational activities and celebrations, in which children and youth learned about savings, the importance of a stable financial system and, of course, had a lot of fun. Torito, the mascot of the Superintendence Financial Education program, took finances to the classroom and shared his best advice with children all over the country. Global Money Week was an incredibly busy week for Torito. Additionally, radio stations helped spread the message of saving and value for money to children and youth by conducting various programs. Global Money Week closed with an impressive Savings Fair on Friday 19 March in the capital city of Lima.

Philippines Leading organizations: Bangko Sentral ng Pilipinas (Central Bank of the Philippines) Key Participants: Department of Education, Bankers Association of the Philippines, Bank Marketing Association of the Philippines, Commission for Filipinos Overseas, Paglaum Multi-Purpose Cooperative, Children International Number of participating organizations: 9 Number of children reached: 120,000 Number of activities: 36 The Bangko Sentral ng Pilipinas (BSP) led the Global Money Week celebrations in the Philippines, where the bank partnered and coordinated with the Department of Education (DepEd), Bankers Association of the Philippines (BAP), Bank Marketing Association of the Philippines (BMAP), Standard Chartered Bank (SCB) and various schools across the country. Additionally, the Commission for Filipinos Overseas (CFO), Children International (CI) – Philippines, and the Paglaum Multi-Purpose Cooperative also independently organized activities to join the celebrations. Launched during Global Money Week, BSP organized sessions with DepEd K-to-12 curriculum trainers, representing each regional and divisional office in the country, about the BSP-DepEd Financial Education program. The objective of the sessions was to train public school teachers on integrating and enhancing financial lessons in the public elementary school curriculum contained in the BSP-DepEd Teaching Guides for Financial Education.

To engage children, visits to the BSP Money Museum were organized, which houses BSP’s collection of currencies from the Philippines and those of other countries. A savings campaign and Money Box Challenge was also organized, where the “Best Decorated” box was awarded with a certificate and a cash prize to match their savings. Moreover, the highest individual savers were also given awards and limited BSP Tandang Sora commemorative coins. BSP also collaborated with SCB to take public school children on an educational trip. Grade 5 students of Pembo Elementary School in Makati City were treated to a field trip to receive a brief orientation on basic banking processes and concepts. To add to the celebrations, BSP coordinated a video conference between Grade 6 students of San Ildefonso Elementary School, in Bulacan, and Russian students, on creative ways to save and earn money while learning about each other’s savings habits, money management skills and culture. Philippine National Bank (PNB), together with the largest media conglomerate in the country (ABS-CBN Lingkod Kapamilya Foundation, or ALKFI), undertook a financial education project entitled “Young and Empowered Students for the Philippines” (YESPh), which motivated top savers with awards and cash prizes credited directly to their savings accounts. In addition, PNB also brought their “Bank-on Wheels” to various schools, an armored truck converted into a mobile bank branch.

Paglaum Multi-purpose Cooperative also organized a range of activities during the week kicked-off with a motorcade around their province. Following this, 250 students joined the first recycling campaign in their community, where they were taught about the importance of GMW and financial literacy for the youth, along with essay writing and poster making contests that were conducted for elementary and high school students around the theme “Take Part. Save Smart!” In addition, Grades 4 to 6 students participated in a piggy bank making contest. Finally, to ensure a holistic approach to GMW, the Paglaum MPC also organized a financial planning seminar for public school teachers. Additionally, Children International implemented a variety of activities to engage children and youth in learning about responsible spending and saving habits. In Bicol, students were able to visit a money museum and see the variety of currencies collected. In addition, students took part in an art contest to raise financial awareness. Plays were about children’s rights and a reflection session over the value of money. In Manila, facilitators had the opportunity to share their Aflatoun experience with facilitators in Indonesia via a Skype call. The program was promoted through a large event, where participants saw skits, played games, and received souvenirs. In Quezon City, youth played a budget basket game to learn about spending, saving, and planning responsibly. Youth also pledged to save money for the future, whether it was for school supplies, a trip, or emergency fund.

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Poland Leading organizations: Polish Financial Supervision Authority (KNF) Key Participants: 13 primary and secondary schools Number of participating organizations: 14 Number of children reached: 2,006 Number of activities: 59 The Polish Financial Supervision Authority (KNF) coordinated 59 different events and

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activities that took place in 13 primary and secondary schools all over the country during GMW 2016. Thanks to cooperation with active teachers and methodologists of economics, entrepreneurship and social studies who participated in KNF’s seminars and workshops. This year’s campaign reached more than 2000 pupils. The Polish Financial Supervision Authority supported the schools’ coordinators by providing

KNF’s publications, including financial literacy class scenarios referring to GMW 2016’s theme “Take Part. Save Smart”, and KNF’s logo-imprinted promotional gifts for youth participants and the winners of the competitions as well.

Portugal Leading organizations: Banco de Portugal (central Bank), Portuguese Securities Market Commission (CMVM), Portuguese Insurance and Pension Funds Supervisory Authority (ASF) Key Participants: NYSE Euronext Lisbon, Fundação António Cupertino de Miranda (stakeholder of the Portuguese National Plan), 20 schools Number of participating organizations: 28 Number of children reached: 1,000 Number of activities: 31 On 15th of March, the Bank of Portugal organized two training sessions focusing on needs, wants and budgeting with students from a primary school in Lisbon (Escola Básica no. 1 de Lisboa). During each training session, students played with activities included in the 1st financial education schoolbook, published in October 2015. These trainings happened as well on the 16th of March with students from another primary school (Escola Sampaio Garrido). Also on the 15th of March, the Portuguese Insurance and Pension Funds Supervisory Authority organized a competition “Who wants to learn?” with two groups of students from insurance courses of SISEP, a vocational school in Lisbon. During the

competition, students learned about the importance of preventing risks and the workings of insurance products. On the 17th of March, the Banco de Portugal, the Portuguese Securities Market Commission and the Portuguese Insurance and Pension Funds Supervisory Authority, organized a series of 10 workshops, with 220 students from the 3rd stage of basic education and secondary education, at a secondary school in Viseu (Escola Secundária de S. Pedro do Sul), focusing on five financial education subjects: budgeting, saving, insurance, credit and understanding the financial system. During the day, students discussed financial issues, watched videos and participate in educational games. On the 18th of March, the Portuguese Securities Market Commission brought students from schools of Lisbon and Santarem (Escola Básica no. 2 e 3 de Santa Iria da Azóia and Centro de Bem Estar Social de Foros de Salvaterra) visited NYSE Euronext Lisbon. The students learned about the workings of the stock market and took part in the “ring the bell” at the closing of the trading session.

During GMW, several schools around the country developed various initiatives addressed to the school community. Amongst other financial issues, these included sessions and discussions in the classroom. In addition to conferences and workshops about savings and budgeting. One school, Escola Secundária de Estarreja in Aveiro, created a hat using reused materials, a project which alluded to consumption and consumerism. Another school in Lisbon, Escola Secundária José Saramago, organized a training session with students from the 3rd stage of basic education to explore the Portuguese National Plan’s website (www. todoscontam.pt). Furthermore, Fundação Dr. António Cupertino de Miranda, a stakeholder from the Portuguese National Plan, built a magnetic puzzle, where students were invited to write a saving tip. All this information was permanently updated on the Portuguese National Plan’s website (www.todoscontam.pt).

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Puerto Rico Leading organizations: Nuestra Escuela Key Participants: Comunidad La Barra, NE Caguas, NE LoĂza y Nuestra Escuelita, NE Vieques Number of participating organizations: 5 Number of children reached: 37 Number of activities: 5 Nuestra Escuela announced the beginning of Global Money Week as an event which

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was open to all members of the school community. The agenda of the week was discussed and questions about the events were clarified. As part of the GMW celebrations, students had the opportunity to become exposed to the operations of a local bank, and the children were guided by staff to learn about the financial services that were offered by the bank. Also, through various seminars, definitions of financial

planning and savings were discussed and practical activities related to how to save money effectively were conducted. In addition, teachers spoke about money management within enterprises, what to do with income and how to budget for your needs, wants and emergencies.

Romania Leading organizations: National Bank of Romania, CFA Society Romania, Ministry of Education of Romania,Financial Supervisory Authority (ASF) – Romania Key Participants: Schools, ISJs of 41 districts, Financial Studies Institute, D. Cantemir University, Bucharest, Bucharest Stock Exchange (BVB), Edubiz, Transylvania College, Royal School in Transylvania Number of participating organizations: 243 Number of children reached: 38,292 Number of activities: 210 GMW 2016 in Romania ran as part of the “Let’s Talk About Money and Banks” project, organized by the National Bank of Romania (NBR) in cooperation with the Ministry of National Education and school inspectorates. During the Week, students attended various events on the premises of the NBR branches across the country, agencies and in schools. Presentations at the branches were given on the national currency history, history of money, history of the NBR, economic and financial basics about credit, deposit and inflation, local peculiarities and the security features of banknotes. The NBR’s educational videos “The History of Money”, “Security Features of Banknotes”, “The Lifetime of Banknotes” were also incorporated into the presentations. These are available to view on the NBR’s YouTube channel (www.youtube.com/watch?v= eXMLuHPdVLI&feature=youtu.be). Moreover, students and teachers from Bucharest visited the NBR’s headquarters, the Old Palace, NBR Boardroom, the Governors’ and the NBR Library. Furthermore, representatives of the CFA Society Romania joined the NBR teams for the first time to deliver presentations on

financial and banking topics in a number of schools in the counties of Teleorman, Giurgiu and Dâmboviţa. Furthermore, a 7th grade class of children enrolled in the ASF’s financial education program and opened the day at the BVB. Several representatives from ASF, BVB and the media were present along with the children. The ASF speech focused on the importance of financial knowledge for children and young people, and also announced the launch of ASF’s financial education website, dedicated to the needs of children and youth (www.asfromania.ro/ edu). This is the first Romanian financial education website managed by a public authority and dedicated to children and youth. ASF also continued the financial education classes in schools as per the national financial education program developed in collaboration with the Ministry of National Education and Research. On the 17th of March, at the Dimitrie Cantemir University, Bucharest, the first “Academic Laboratory” took place in which students were presented with case studies and interacted with professionals from non-banking markets. The workshops and debate were a premiere in the academic environment, both as a format and as a concept. Over a period of four hours, students took part in interactive discussions and a comparative analysis between various practical and specific technical concepts in the non-banking financial markets (insurance, capital market and private pensions). The series of events dedicated to financial education during Global Money Week ended on the 19th of March, when the second edition of the “Be Smart” event was held for

children between 10 -14 years of age at ASF’s headquarters. Through this nonformal education program, based on interactive presentations and open discussions, concepts regarding the importance of financial planning, diversifying revenues, key tips about investing, the ways of identifying the needs and risks, and the usefulness of having insurance was explained to the children. During GMW, EduBiz conducted games and activities with 345 high school students (15 -18 years old). Because EduBiz emphasizes that financial products for children and youth need to be adapted, interactive and safe, a survey was conducted during GMW on adequate financial products for youth and children, in collaboration with CYFI. Transylvania College organized several fun, interactive and practical GMW activities for its students as well. For example, “Job Shadowing” activities, Success Stories and Story Telling, life-size Monopoly game, financial workshops, “Dragons Den” market are only some of the activities organized in the school. At the end of the Week, there was an international Open Debate Competition on financial issues. Students of Royal School in Transylvania also had the chance to participate in a general assembly, where students attended VIP talks from seven entrepreneurs who shared their insight about what makes a successful business person. Other activities included visiting a greenhouse, mindfulness training by Trinity House, a stock market competition and a trading presentation by High Class Trading, piggy bank innovations, a coin treasure hunt, a numismatic exhibition and a big opening of the Sunflower Restaurant!

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Russia Leading organizations: Ministry of Finance of Russian Federation Key Participants: Institute of Financial Planning, SPN Communications, Central Bank of Russia, Federal Service for Supervision of Consumer Rights Protection and Human Well-Being (Rospotrebnadzor), Ministry of Education and Science of the Russian Federation, Rossgosstrakh zhizn, Ingosstrakh, MetLife, Sberbank Strakhovanie, MasterCard, PPF Strakhovanie zhizni, Soglasie Vita, Renessans zhizn, NPF Buduscheye, NPF Blagosostoyanie, MiniBoss School, Visa, Aiesec, National Research University Higher School of Economics, Financial University under the Government of the Russian Federation, Trinfiko, Renessans Kredit, Pochta Bank (formerly Leto Bank), Alfa Bank, AKIBank, Kuban Kredit, Sberbank, Home Credit Bank, Bank of Moscow, Promsvyazbank, Uralsib, Rosinterbank, Citi Bank, Russian Association of the Student Unions Number of participating organizations: 2,045 Number of children reached: 13,670,000 Number of activities: 11,191

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The second Global Money Week in Russia was organized by the Ministry of Finance of the Russian Federation together with a number of partners, including the Ministry of Education and Science, the Federal Service for Supervision on Consumer Rights Protection and Human Wellbeing, the Bank of Russia, and many financial institutions, insurance companies and banks. The Week was celebrated in all the regions of the Russian Federation, making for a large scale event. It opened with a Financial Literacy Test, which was held in dozens of institutions. Throughout the week, about 80,000 students tested their knowledge on basic financial matters. In addition to, more than 50,000 people passed such tests online via the national financial education website http://vashifinancy.ru The Week included over 11,000 events which involved over 670,000 young participants. Experts from government bodies and financial institutions conducted open lectures in schools and universities devoted to diverse financial education matters. Over 2,000 educational institutions registered on

the Weekâ&#x20AC;&#x2122;s website, and over 3500 applied to attend lectures and excursions. Another activity of the Week was an essay competition for schoolchildren and university students. Over 2,000 creative works devoted to different issues of financial literacy were submitted to the jury. Many high level public figures supported the Week, including the former Minister of Finance of the Russian Federation Mr. Alexey Kudrin who conducted the public lecture at the school in Arkhangelsk, and the Head of the Federal Service for Supervision of Consumer Rights Protection Ms. Anna at the school in Moscow. Global Money Week in Russia had a grand closing with a Financial Literacy Game that was led by actor and television presenter Artem Korolev and actress Elisaveta Arsamasova, which gathered wide media attention.

Rwanda Leading organizations: AIESEC in Rwanda, KCB Rwanda Ltd Key Participants: Rwanda Stock Exchange, I&M Bank Rwanda, PwC Rwanda, Rwandair, Nakumatt Rwanda, Kigali Institute of Management (KIM), University of Rwanda, 12 schools Number of participating organizations: 26 Number of children reached: 6,000 Number of activities: 43 On the 14th of March, AIESEC Rwanda, in collaboration with the Rwanda Stock Exchange (RSE), organized a “Ring the Bell” event which marked the opening of GMW 2016 in Rwanda. With over 80 participants, children and youth had the opportunity to ring the bell to open the trading day, to learn how the stock market works and to interact with the CEO of the Stock Exchange. In addition, students from schools and

universities seized the opportunity to create accounts with the stock market as a sign of their commitment towards saving and investing in stocks. The following day, leading organization KCB Bank opened the bank visits for the Week. Children from SOS Hermann Gmeiner Technical High School, amongst other activities, had the opportunity to visit various departments of the bank. The highlight of the event was the talk with the managing director of the bank, Mr. Toroitch, where he interacted with children about the history of banking while inspiring them to develop a culture of savings while they are still young. KCB Bank opened accounts for all 30 participants, crediting all children with 10,000 Rwf to encourage them to start saving in their own accounts. The banks visits continued the following days in the

regional branches of KCB and I&M Bank. In addition, AIESEC Rwanda organized student visits to PWC and Rwandair to also show the corporate side of the business world. Furthermore, a “saving shops” activity was organized with eight schools. This practical competition taught students to save while shopping in a large shopping mall of Kigali. Media helped to advertise these wideranging activities during the Week. Through this extensive program, Rwanda showed once again its active and strong commitment to Global Money Week!

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Samoa Leading organizations: Central Bank of Samoa Number of participating organizations: 1 Number of children reached: 2,539 Number of activities: 6 To celebrate Global Money Week, the Central Bank of Samoa introduced its “Money Talk” program for the first time, on Tuesday 15 – Thursday 17th of March 2016. As part of the program, 19 schools were invited for a two-hour session comprised of financial literacy presentations and activities. The visit provided an opportunity for the students to tour the Central Bank and

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learn about the key and fun facts about money and how to manage it wisely. The money talk was hosted by two departments of the Central Bank of Samoa: the Financial System Development Department and the Banking & Currency Department. The week of celebrations was concluded with an awards ceremony of the financial literacy competitions. Each winning entry of the `Be Money Wi$e` Poster Competition was awarded $100 cash prize by the Central Bank. The winning schools were also rewarded $100 for incorporating the financial literacy competitions into their

lessons, and winners of the Money $mart Comic Competition received a $200 cash prize from the bank. All winners of the 2016 Money $mart Comic Competition and Be Money Wi$e Poster competition were selected from 427 entries from both Upolu and Savaii.

Saudi Arabia Leading organizations: Capital Market Authority Key Participants: Tadawul Saudi Stock Exchange, Riyadh International Book Fair, Disabled Children’s Association Number of participating organizations: 19 Number of children reached: 354,163 Number of activities: 57 To celebrate GMW 2016, the Smart Investor program, run by the Capital Market Authority (CMA) of Saudi Arabia, promoted the theme of “Take Part. Save Smart!” through a variety of activities throughout the country. Because GMW 2016 in Saudi Arabia coincided with two major events in the kingdom, a short school break and the start of the Riyadh International book fair, the capital city welcomed several visitors and tourists who were introduced to GMW. Directly prior to GMW, schools were open for visitors and GMW had a place at the Riyadh International Book Fair, which lasted for 10 days. Each day, both children and parents visiting the booth took part in awareness raising activities related to savings and budget planning, such as a “Smart Savings” play, art competitions, money puzzles, selfie challenges, a photo competition and also two activity tables

where children could draw money awareness messages. There were also prize giveaways for kids, such as GMW 2016 stickers and Smart Investor’s special saving boxes. Additionally, in the week prior to GMW, the Smart investor program arranged a visit to five different schools, during which GMW was celebrated: Dar Alsalam Elementary school, Riyadh Najd Elementary school, AlRowad school, Kharjeh Bin Zaid school and Alwadi school. Lectures and plays were presented to the students where they learned about topics such as savings and personal finance basic principles, personal development, responsibility, learning, creativity, teamwork and budget planning. A mobile exhibition at King Abdullah National Park was also created for children and youth to draw and learn about savings and proper money spending habits. Smart Investor team visited six different shopping malls in Riyadh as well where they distributed “Money boxes” and saving tips materials to children. Furthermore, the Smart investor team organized a visit for 40 students to the Saudi Stock Exchange to take part in the “Ringing of the bell” ceremony, to learn about the

entity, how it operates and the role it plays in the economy of Saudi Arabia. A visit to the Saudi entrepreneur “Khalid Albawrdi” was also organized for students as part of the efforts to enable youngsters to learn from the experienced entrepreneurs. He shared his entrepreneurial journey with the youngsters and gave his advice in regards to savings and its importance. A visit to the Disabled Children’s Association was also arranged during the Week to conduct a session about “smart savings” for the children who also received gifts at the end of the event. The Smart Investor team also put a lot of effort into digital campaigning during the week; a photo competition and a “Take a Selfie” challenge were promoted to encourage youngsters to participate in the global hashtag #GMWselfie, using various social media channels, including more than 1000 #GMW2016 photos submitted on Instagram and an outreach of more than 300K people on Twitter, Facebook & Instagram together in Saudi Arabia.

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Senegal Leading organizations: YES Senegal, Ecole Supérieure de Management Stratégique (ESMS) Key Participants: Ecobank Senegal Number of participating organizations: 3 Number of children reached: 292 Number of activities: 3

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To join the GMW2016 celebrations, YESSenegal organised a visit to Ecobank with over 40 children, in order for them to learn about the role and services of the bank. The Ecole Supérieure de Management Stratégique organized a special classroom session about household savings. Students presented on this topic and invited Mr. Diouf,

economist and former banker at the BOA, to talk to students afterwards about the importance of saving, giving them the opportunity to exchange ideas and ask their questions.

Serbia Leading organizations: National Bank of Serbia, Association of Serbian Banks Key Participants: Faculty of Economy; University of Belgrade, Faculty of Law and Business Dr Laza Vrkatić from Novi Sad, Faculty of Economy from Subotica, Faculty of Economy from Novi Sad Number of participating organizations: 14 Number of children reached: 240 Number of activities: 27 The National Bank of Serbia continued to conduct several activities for children and youth during Global Money Week. This year’s activities included multiple workshops for students such as “My Budget and I” and “Dinar - our Money“, tournaments in educational games “Moneture” and “Saving for Aging”, guided tours to the Visitor Centre of the National Bank of Serbia and financial education lectures for secondary school pupils. The events took place at the National Bank of Serbia premises, Secondary School of Law and Business in Belgrade and the Faculty of Law and Business Studies “Dr Lazar Vrkatic”. An essay competition for primary school pupils on the topics “He who learns will know, he

who saves will have“, “What can we do with money?“, “Would you rather be the ant or the grasshopper?” and “Would you like to work at the National Bank of Serbia?” was also conducted. The aim of the Week was to show the necessity of financial education, highlighting the importance of the Central Bank having an indispensable social role and dealing with the significance of the financial literacy of people. The focus was primarily on developing a financial culture in younger generations, and turning them into responsible participants in our country’s financial markets, thus contributing to the overall stability of the financial system. One of the strategic goals of the National Bank of Serbia is raising the level of economic knowledge and awareness in society. Therefore, the intention was to start from the youngest (pupils, high school students and university students) by the introducing them to the basic concepts of finance, including employment issues, through adequate and specially tailored didactic materials, workshops, lectures and other activities.

The Association of Serbian Banks and commercial banks in Serbia also marked Global Money Week and European Money Week this year with a wide range of activities between 14 and 18th of March. The Week opened with the Symposium at the Association of Serbian Banks (ASB) and a workshop for high school students at JUBMES Lučani. Each day of the week at ASB was devoted to a different age group: young children in kindergarden, elementary school students, high schools and university students, as well as parents. The week officially closed in the ASB with a lecture for the high school students from six different cities in Serbia. On Saturday 19th of March, Alpha Bank conducted “Open Days” for youth at its branches in Belgrade. Along with ASB, the following banks took part in the organization of Global Money Week activities in Serbia: Procredit bank b.a. Belgrade, ALPHA Bank a.d , Findomestic Bank a.d. Belgrade and Eurobank a.d. Belgrade.

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Singapore Leading organizations: Citi-NIE Financial Literacy Hub Key Participants: Ministry of Education of Singapore, National Institute of Education of Singapore, Monetary Authority of Singapore Number of participating organizations: 62 Number of children reached: 11,708 Number of activities: 9 The National Institute of Education Singapore celebrated Global Money Week 2016, in collaboration with Citi-NIE Financial Literacy Hub for Teachers. This was further celebrated through cooperation with the Ministry of Education and the Monetary Authority of Singapore. The national celebrations included exciting activities for students and teachers in schools, such as financial literacy programs, amazing races and games which taught the importance of empowering students and teachers with financial knowledge, skills and values. As an initiative for building financial capability amongst students, Jurongville Secondary School organized a Money$MART trail for 20 Student Leaders, who in turn led these trails for another 280 students. The program infused Financial Literacy in Food and Consumer Education

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- where Student Leaders are given exposure to smart shopping, budgeting and reflect on their spending habits in a shopping mall. Via the App called mShopper, the students were given scores when they earned money through the App. They then were evaluated on how they spent their money, and how much savings they had. The activity gave the students the opportunity to reflect on their daily spending habits and encouraged them to focus on making wise financial decisions.

years.

Wellington Primary School organized the National Primary Games Creation Competition (NPGCC) in partnership with NIE where it provided the platform for students to showcase their creativity by designing online games. This year’s NPGCC slogan is ‘Prudent Savers, Values Creator’, which encourages students to incorporate financial literacy messages into their games. Creating such a platform enables the students to learn about financial literacy in a fun-filled manner. A teachers’ briefing and training was conducted in March to highlight the importance of incorporating financial literacy education into classes, and to brief them on the details of the competition. This year more than 80 teams from 40 schools took part in the competition. The numbers are expected to increase over the coming

For university students across Singapore, the Nanyang Technological University’s Investment Interactive organized the Singapore Financial Conference Club, in collaboration with NIE. As part of this year’s event, the nation’s top investment gurus were invited to share their knowledge and experience about the global economic outlook with the participants. Besides giving career advice, the experts also gave invaluable advice about how students can manage their personal portfolios. Overall, the event was a huge success and served as a stepping stone for many budding investors.

Elements of Business Skills (EBS) Amazing Race is a business-cum-financial education program targeted at Secondary 4 students from various schools. During GMW, a total of 128 students and 32 teachers took part in the challenge. Students took part in businessrelated activities at each station, which encouraged them to consider the relevance of financial management in their daily lives.

Slovakia Leading organizations: Children of Slovakia Foundation Number of participating organizations: 71 Number of children reached: 1000 Number of activities: TBC All of the Global Money Week 2016 activities took place within more than 50 primary and secondary schools, as well as community centers throughout Slovakia. Activities included educational workshops for younger students, parents, seniors and vulnerable children. These workshops were focused on

pocket money, budgeting, saving at home, at school and in organizations, donations and other topics. Students carried out activities within their own schools, or visited other schools and organizations. For example, some secondary schools organized workshops for the students of primary schools or employees of their own school. Others visited an elderly home and had workshops on how to use tablets when banking online, how to budget, manage their savings etc.

At the same time, Children of Slovakia Foundation also invited all participating schools to join the Student´s Conference in Bratislava on 15 - 16the of June 2016 at Slovenská Sporiteľna, where the students could network, visit the headquarters of one of the largest banks in Slovakia, share their presentations, experience and opinions about money matters.

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Slovenia Leading organizations: National Education Institute of the Republic of Slovenia Key Participants: Bank Association of Slovenia, Securities Market Agency Slovenia, more than 250 schools Number of participating organizations: 253 Number of children reached: 6,000 Number of activities: 400 This year, the National Education Institute of the Republic of Slovenia once again took a lead to promote Global Money Week in schools all over Slovenia. Information about the GMW campaign and the suggestions for financial education classes was published on the website of the Institute. Teachers were encouraged to conduct activities that

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would cover the topics of money, coins and banknotes, functions of money, virtual money, insurance, income and expenses, family budget, deposits and other banking products, and other interesting topics. Teachers in Slovenian schools prepared several activities in the classes of home economics, civic education and other subjects, with a particular aim and emphasis on the importance of financial literacy for youth. Activities that were suggested by the Institute, and that were actively implemented in schools in different regions of the country, included Global Money Week promotion via school radios, classroom

hours with a focus on money matters, poster making and visits to financial institutions in the areas near the schools. Moreover, lectures for parents were conducted on the importance of financial education as well. The Bank Association of Slovenia also actively participated in European and Global Money Week by organizing bankersâ&#x20AC;&#x2122; visits to schools, financial education lectures and presentations and other activities with the participation of the Securities Market Agency Slovenia and other players from the financial sector within the country.

Somalia Leading organizations: Action for Women and Children Concern (AWCC), Somali Youth Concern, Somali Youth Leadership Forum Key Participants: Salaam Somali Bank, Somali Youth Concern, Somali Youth Leadership Forum, Local Primary and Secondary Schools, Horn of Africa University Number of participating organizations: 5 Number of children reached: 5,900 Number of activities: 4 Action for Women and Children Concern (AWCC) participated in Global Money Week again this year; with an extensive program which included a peer debate on financial education, literacy and the need to make students well versed in financial literacy before they reach secondary school and employment issues after school.

Throughout the activities young people were actively engaged in discussions to ensure that they have tools to become financially literate. They enjoyed financial education lessons and learned about the importance of financial literacy for future economic security. There were also sessions, during which the participants learned about how the Somali currency has been replaced by the US dollar in the wake of the Somali civil war and the collapse of Somaliaâ&#x20AC;&#x2122;s formal banking system. Key issues addressed how the Somali currency could be revived, what affect the demise of the Somali currency has on the economy and how counterfeiting can be prevented. AWCC brought together community members, including parent and teachers associations (PTAâ&#x20AC;&#x2122;s), and made them aware of the need for financial literacy through the age-old method of storytelling and guest

speakers. All of the issues covered during the event were presented through folklore, speeches and poetry. This closing event was used to wrap up Global Money Week in Somalia. A complementary set of activities were organized by the Somali Youth Concern and Somali Youth Leadership Forum - aimed at raising awareness about money matters, as well as the importance of saving and self-employment in a country where the bulk of employment is either self-propelled or by private companies. The activities included both children and youth in school and youth who are the main sources of livelihood for their immediate families. The events took place in Mogadishu Somalia and reached many others through TV and Radio.

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South Africa Leading organizations: Banking Association South Africa, all members of the Association and MECs, Operation Hope, Grassroot Soccer, Ragball International Number of participating organizations: 4 Number of children reached: 1,000 Number of activities: TBC South Africa celebrated Global Money Week once again with lots of exciting activities. The Banking Association South Africa, the lead organization for GMW celebrations in the country, launched a new chapter of its innovative savings campaign StarSaver™ for Varsity and College students. StarSaver™ celebrated 9-years of a national savings campaign that imparts pearls of wisdom to South Africa’s youth. StarSaver™ is a flagship programme of The Banking Association South Africa. StarSaver™ has actively participated since the start of Global Money Week.

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On the 15 and 16th of Match, Student Investor, powered by StarSaver™, also launched the Varsity and College Students Financial Literacy Campaign at the Wits University and University of Johannesburg. Training by the young coaches “Imali Ants” from Aflatoun– dedicated cohort of StarSaver™, Aflatoun social and financial education coaches - contributed to the event. Aflatoun International Day on 17 of March resonates very deeply in South Africa as one of the pillars of the Aflatoun child social and financial education programme on Rights and Responsibilities; particularly as 21 of March is Human Rights Day in South Africa, thus, social justice and cohesion are at the forefront. Global Money Week also coincides with South Africa’s 1st AntiRacism Week from 14 to 21 of March to globalize the fight against racism. StarSaver™ is in full support of the AntiRacism Week as another way of

democratising youth finance. In honor of GMW, Operation HOPE South Africa hosted activities that were capped off with current entrepreneurship program, HOPE Business In A BOX Academy, which involved businesses sharing their thoughts about money. They held their Business Role Model and Business Coaching sessions at Selelekela High School in Soweto. Furthermore, Grassroot Soccer and Ragball International joined together to work with participants in Ragball (made out of old newspapers and fruit bags ) production, which were then sold around Cape Town. Proceeds were split between people who made the Ragballs and the RV United Team. GMW participants also had the opportunity to take financial literacy courses and learn about the best ways to save and spend their money.

South Korea Leading organizations: Korea Securities Depository Key Participants: Kidsky Childcare center, Eruda School Number of participating organizations: 4 Number of children reached: 450 Number of activities: 6 The Korea Securities Depository took the lead in celebrating GMW2016 in the country this year. The Korea Securities Depository partnered with the Haneul Child Care Centers and the Lrada School in Goyang to reach children for their celebrations throughout the Week. As part of their GMW celebrations, the Korea Securities Depository organized multiple visits for kids to the country’s Currency and Securities Museum for them to learn more about the history of the

currency of Korea and its importance for them as young people. After the museum visits, the Korea Securities Depository provided their young visitors with classroom sessions on financial education to encourage smart saving behavior. Two batches were hosted by the KSD to facilitate this: •터(Kidsky Childcare center): After looking around the museum, children were educated about wise money-spending habits and the presented with the creation of an expense note. This was further facilitated by a board game that KSD foundation has created

introduced to the concept of saving through price comparison exercises. The children seemed impressed at the financial education which has been carried out around the world, and enjoyed seeing them happy learning about economic concepts through the various games.

“The session was fun and beneficial. It was not a simply lecture, but board games and the market role-playing made it more helpful.” - participant

• (Eruda School): After looking around the museum, children were educated on how to cultivate wise consumption habits and

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Spain Leading organizations: Institute for Financial Studies (IEF), Aprender cuenta Financial Education and Entrepreneurship for children,El Recetario Financiero, CECA Key Participants: Caixabank, Banc de Sabadell, BBVA, Banco Santander, Caixa d’Enginyers, Institut Català de Finances, CEIPE Juan Falcó, IES Valmayor - Initiative supported by Youth Council and Education Council of Valdemorillo, schools, NGOs Number of participating organizations: 1,332 Number of children reached: 1,006,963 Number of activities: 151 This year, a number of different actors participated in the GMW celebrations in Spain throughout the Week. Lead by the EFEC, Financial Education in the School of Catolonia, classroom visits by Oriol Junqueras, Vice President of the Catalan Government and Minister of Economy and Finance were conducted. Students also visited the Spanish Central Bank branch in Barcelona, and learned about the life cycle of the coins and bills, manufacturing and circulation, storage and security features of the bill and more. Furthermore, about 80 students took part in EFEC’s “Smart Investment” program in the Barcelona Stock Exchange; they visited the market floor and learned about the operation of the stock markets. In addition to younger students, about 25 adult students took part in the EFEC’s workshop “domestic economy”, among other activities.

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Aprender Cuenta participated in GMW as well. Aprender Cuenta conducted 18 training workshops under the slogan “I have healthy financial habits”, 12 workshops in secondary education in the public institute IES VALMAYOR for children 12-13 years old and 16-17 years old and six workshops in primary education in the public school CEIPE JUAN FALCO for children 10-11 years old. A total of 270 students received two training workshops, the first about money and savings and the second on responsible consumption. El Recetario Financero organized the Olympics of Financial Education as part of GMW. The Olympics of Financial Education was an innovative way to familiarize children and make them more comfortable with money, while promoting a smarter and more ethical use of resources. In order to overcome challenges and to achieve their goals, the children had to apply personal core values: responsibility, solidarity, teamwork, effort and commitment. CECA and its member, including BMN (Caja GRANADA Fundación, Fundación CajaMurcia, Fundación Sa Nostra), organized “Financial Education Days” and “Open Doors” in its own schools and other education centers. Radio shows were hosted to discuss the following topics: banking customers since childhood, the transcendence of having a bank account and how it encourages children to manage financial items; financial knowledge of Spanish youth in the European context. An

entrepreneurship challenge, Desafío Emprende, also took place; a competition in which students had to submit their entrepreneurial projects with the aim of participating in an Educational Campus related to this issue. Overall, 1300 participated in this programme. ABANCA and Fundación Galicia Obra Social (Afundacion) organized the lecture “Ready to take the leap? Financial needs in a lifetime”, which was addressed to high school seniors. The purpose was to raise the importance of responsible financial behaviour, especially within an increasingly uncertain framework for young people. Additionally, Fundación Bancaria Unicaja and Centro de Estudios Universitarios EADE organized an interactive financial education session aimed at university students, during which students had the opportunity to participate by answering questions about savings and financial products through a remote control. Furthermore, Fundación Cajasol organized a booth that introduced the audience to financial concepts through games that are on the website (www.finanzasparatodos.es), as well as a financial education competition workshop for elementary students. Saving Steps, an infograma which aims to launch simple and direct messages on how to save, was also involved in GMW, sending out messages via social media to reach more people during the Week.

Sri Lanka Leading organizations: Network for Education, Children, and Youth (NECY), Aflatoun Key Participants: Meljol, Central Provincial Council, Central Province Education Directorate, Bank of Ceylon, Peoplesâ&#x20AC;&#x2122; Bank Number of participating organizations: 7 Number of children reached: 240 Number of activities: 8 Through the efforts of Network for Education, Children and Youth (NECY) of Sri Lanka and their participation in the Aflatoun program, Sri Lankan children took part in Global Money Week 2016 as part of their celebrations for Aflatoun Day. NECY observed Aflatoun Day in Central province at the Miracle Kids Pre School

Wattegama, and were joined by 20 other participating Preschools. Chief guest, Mr. Gamini Wijebandara, Minister of the Central Provincial Council spoke at the event and guests from MelJol (India), NECY Sri Lanka, and the Central Province Education Directorate were present. A key attraction during the program was an exhibition at The Miracle Kids; those who were in attendance gave very positive feedback about the event. Throughout the exbhition, teachers and students worked together to represent the Aflatoun theme through wall displays, wall paintings, Aflatot garden displays, visual aids, and furniture decor. Children performed dances, story-telling and role play, which linked with the Aflatoun module and highlighted social and financial education for youth.

In the Uva province, Global Money Week was celebrated as part of Aflatoun Day through an event with school children, their teachers and parents. The Provincial Director of Education, Mr. Rathnayake, was the Chief Guest at the celebration and the Zonal Director of Education, officers from Bank of Ceylon and Peoplesâ&#x20AC;&#x2122; Bank, representatives from NECY and MelJol, and media contacts attended the event. Youngsters also participated in a Skype call with children from Pakistan and exchanged their views on social and financial education for young people.

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Sudan Leading organizations: Sudanese Coalition for Education For All (SCEFA), Khartoum State Ministry of Education (SMoE), World Organization for Family and Child Welfare (WOFCW) Key Participants: the General Administration of basic education Sharifa Salim basic school for Girls, 50 other organizations Number of participating organizations: 74 Number of children reached: 280 Number of activities: 12 Global Money Week in Sudan started with some verses from the Holy Quran presented by one of the school pupils, followed by short speeches from the school manager, who

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welcomed the representative of the Ministry of Education, the partners, the delegate of the Sudanese Coalition for Education For All (SCEFA), the parents association and the audience. She thanked SCEFA for the opportunity to conduct the celebration of GMW at Shaifa Salim School, and she pointed out that the school, the pupils and the community as a whole will benefit from this program in the near future. The SCEFA secretary-General and Child & Youth Finance International coordinator welcomed and briefed the audience on both CYFI and Aflatoun programs. The coordinator noted that working for, assisting and educating the pupils about saving and

planning for their small future projects had been the ultimate goal for both organizations, and he promised that the first program in Khartoum will be implemented in Sharifa Salim School. The representative of the State Ministry of Education addressed the audience and mentioned that the Ministry of Education (Girlâ&#x20AC;&#x2122;s Education Administration) will collaborate with schools to conduct similar programs, and said that this year will witness different activities and programs to support pupils with creating savings and implementing social projects.

Suriname Leading organizations: Central Bank of Suriname Key Participants: Banks, NGO’s, Insurance company, Mistry of Finance, Ministry of Education Number of participating organizations: TBC Number of children reached: 7,000 Number of activities: TBC Between 7 - 11th of March, the Central Bank of Suriname celebrated the Great Arithmetic Week. To prepare, teachers received and followed a workshop about tools to utilize during the Week. Primary, secondary and tertiary schools visited the Global Money Week Fair, where there were a number of different activities for the children:

• Coin Counter - visitors received a brief introduction about coins in Suriname and how they work. The children were taught about sorting, command and instructions on how to make their own. Individually or in groups of five, children built a sorting machine. • Financial Kids Corner - this activity was based on the five themes of GMW (money, saving, entrepreneurship, retirement, insurance). The children manufactured money boxes (made from cardboard in the form of a sleeve, pyramid or box) and money bags (decorated from felt in the form of a wallet with a knot). • Financial Kids Detective - the students were divided into six groups with each containing five students. The children were provided with materials to disguise

them as a “financial detective kids” or so called “financial investigation officers”. These detectives have to follow up on clues to find certain information about the themes of GMW. Several briefing lessons also took place throughout the Week focusing on money, saving, investing, insurance, retirement and more. The briefing lessons will be put on Facebook and also given to the children. Additionally, electronic activities about money and saving money were conducted, and children completed one exercise where they were asked to fill in how much they save, and this amount was placed on a “save tree.” Another activity that took place during the Week was a workshop for youth about how to invest their money and entrepreneurship.

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Sweden Leading organizations: Sweden’s financial supervisory authority (Finansinspektionen) Key Participants: Ung Privatekonomi, Swedbank/ Ung Ekonomi, The Royal Coin Cabinet, Sveriges Elevkårer, Ministry of finance, SBAB, The Swedish Bankers´ association Number of participating organizations: 42 Number of children reached: 23,605 Number of activities: 62 In Sweden, financial education is an ongoing agenda item as financial education is part of the school curriculum from the first grade. Several organizations visted schools “on demand” and, this year, Sweden launched a map for teachers and others to make it even easier to find a guest teacher on financial education.

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Global Money Week in Sweden kicked off with a round table discussion organized by the banks and the Swedish Bankers’ Association at the Royal Coin Cabinet. The discussion subject was: do young people leaving school, moving from home, have sufficient knowledge about personal finance to be able to make the right decisions and avoid ending up in debt? Panel participants included the Minister for Financial Markets and Consumer Affairs, Per Bolund, private economists from the bank and high profile representatives from the Financial Supervisory Authority, the Swedish Enforcement Authority, the Consumer Agency, the Swedish National Agency for Education, the Organisation for Municipal budget and debt advisers and, of course, students. The moderator was the wellknown media personality Staffan Dopping.

The aim of the panel was to take a common step forward: Who does what, what can be improved and how do we communicate personal finance matters in a way that is engaging for students? The Global Money Week challenge was a new competition for high school students starting on a small scale. There was a round table discussion, an event for small children at The Royal Coin Cabinet and several visits to schools. Furthermore, Ung Privatekonom and Ung Ekonomi educate at high schools around Sweden as an on-going endeavour. The expected youth participants joined only throughout 14 - 18 March as part of the GMW celebrations. SBAB also invited students to their office for Global Money Week.

Switzerland Key Participants: International School Rheintal, Stapferhaus Lenzburg Number of participating organizations: 2 Number of children reached: 370 Number of activities: 3

parents. 30% tax was taken from the earnings of each business and then this was used to finance KIVA loans – students selected who they would like to receive the loans from.

Students from the International School Rheintal designed posters to promote Global Money Week. Students set up businesses using a CHF5 loan from the school and then ran these for 7 weeks – finishing during Global Money Week. They shared their experiences with the whole school including

The Stapferhaus Lenzburg is a cultural organization in Switzerland that develops exhibitions about important topics of the contemporary time. The current exhibition illuminates the role of money in our personal daily lives and in our social coexistence. The exhibition highlights the way in which money

gives us wings, but also puts us in shackles. It also showcases the way in which money is the measure of all things yet not worth mentioning. At this particular exhibition, visitors can literally bathe in money and at the end of their tour they decide themselves how much the exhibition experience was worth. Since the opening in autumn 2014 more than 60’000 people already visited the exhibition and the Stapferhaus Lenzburg is looking forward to including this exhibition in the GMW celebrations.

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Syria Leading organizations: Mobaderoon Syria Key Participants: Fada Tartous (NGO Tartous), Small grants department in Unrwa (Ngo - Lattakia), NOUR organization (NGO Rural Damascus), Bank Bimo (Bank Aleppo), Damascus University of commerce and economics (Damascus), Mozaiic (Latakie), Aflatoun Number of participating organizations: 16 Number of children reached: 6,503 Number of activities: 22 For the opening of GMW in Syria, a lecture took place in Sahnaya, a city in rural Damascus. A group of Aflateen participants organized a small lecture for entrepreneurs and teenagers. Afterwards the teenagers posed questions to the entrepreneurs including questions about savings and budgeting - and discussed the way in which the lecture inspired them. This was one of the three lectures organized in Damascus and rural Damascus, which had 60 attendees overall. The same Aflateen group, made a visit with their classmates to entrepreneurs’ places of work, where they explored the everyday responsibilities for each job, and met employees and administrators who gave insights about their businesses. Also in Sahnaya, two teenagers and their teachers toured schools and presented to other students about the concepts of saving and what it means to be active and productive in society.

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The city of Tartous celebrated GMW colorfully, where they held a festival from 12-16 of March in “The Phoenix” Kindergarten school. As part of the celebration 127 children and youth from Aflatot, Aflatoun and Aflateen clubs sold recycled materials and hosted engaging activities around financial awareness. These activities included theater kiosks with information about savings, lectures, a corner for drawings, and many others. The event reached over 300 teachers, parents and youth from the local community. Participants in Al-kafroun created an innovative initiative by selling T-shirts with writing about savings in Arabic to the local community. Earlier in the Week, 45 young children involved in Aflatot took to the stage to make a presentation about savings for their entire school. The city of Lattakia was involved in the Week’s celebrations as well, where two creative bazar sales were held; the first, a bake sale held on the 17 of March, was called “Made in Aflateen”, and the second, held on 19th of March, was an initiative to turn empty bottles and into plants boxes and sell these boxes to explain how much one can save by recycling instead of buying. Youth from Lattakie were keen to join their Damascene friends in the GMW activities, making three visits to banks during the

Week. On the 17th, 19 and 20th of March bank managers provided presentations to more than 200 teenagers on the principles of financial saving and basic understanding of the economy. As a result of these visits the teenagers began a campaign for savings, where they decided to save the money that they would typically use on public transportation by travelling by bike instead. The group decided that this money would be donated to the “Al – Basha’er” organization for use in their program for funding students. In addition, teenagers in Hama organized a number of community visits from local entrepreneurs, while young people in Aleppo carried out an interactive lecture where they explained the benefits and basics of savings to other teenagers and children, who each took home a savings box afterwards. Syrian teenagers in Gaziantep, Turkey, attended a lecture about the importance of financial education and how this linked with the current economic difficulties in Syria. As part of the lecture, the professor discussed the incorporation of savings tools into the education system and how teacher training and development can support financial literacy.

Tajikistan Leading organizations: National Bank of Tajikistan, University of Central AsiaSchool of Professional and Continuing Education Key Participants: Association of Microfinance Organizations of Tajikistan, GIZ Tajikistan, IMON International, Access Bank, Microfinance and banking institutions, University of Central Asia (SPCE-UCA) and School of Professional and Continuing, Lyceums and schools in all regions of Tajikistan, Khorog State University, Mountain Societies Development Support Programme (MSDSP), Community Based Saving Groups (CBSG36), Child Centre for Creativity Khorog, First Microfinance Bank(FMFB)in Khorog, Micro loan organization (MLO) in Khorog, Cooperative “Zindagi”, Construction company “Sokhtmonchi 2010”, Construction company “TURAS” at UCA construction site Number of participating organizations: 88 Number of children reached: 10,810 Number of activities: 48 The National Bank of Tajikistan once again took the lead in conducting the Global Money Week campaign and informed all banking and microfinance institutions in the country to take part, and to organize various activities for children and youth throughout the country. The Association of Microfinance Organizations of Tajikistan

(AMFOT) actively participated in the Week and coordinated the efforts of the microfinance sector of the campaign. On 9th of March, the GIZ office in Tajikistan and AMFOT, with the participation of the National Bank, hosted a special training for more than 20 microfinance institutions on conducting financial education activities for children and youth during the Week. The microfinance organization IMON International conducted its first three-day financial literacy training pilot as part of its SchoolBank program launch in Tajikistan. 25 first-year students of the Institute of Economics and Trade of Tajik State University of Commerce took part in the pilot training that will later be implemented in other institutes and high schools in Tajikistan. Moreover, 27 branches of IMON International throughout the country held “Open Door Days” for youth, group visits to the branches and lectures and seminars on the topic of savings based on the educational “Take part. Save smart!” materials specially created for young people during the Week. Other financial institutions were also very active in Global Money Week celebrations throughout the country; for instance, AccessBank Tajikistan conducted financial literacy trainings, financial games and competitions for students at the universities and bank branches. Overall, 25

financial institutions took part in the campaign and did events in 46 schools and 4 universities throughout the country. The University of Central Asia (SPCE) in Khorog and Dushanbe conducted multiple events from 14 – 19th of March. Amongst the activities, there was a two hour session organized on awakening the entrepreneurial spirit in youth for more than 600 school children from grades 9 and 10 from nine schools in Khorog city. SPCE Khorog also organized a drawing competition for children aged 7 – 15; this activity was organized in partnership with the Creative Centre of Children by involving the most talented youth artists from all GBAO regions. A session was also conducted on setting financial goals for women that are members of community savings groups (CBSG) in Khorog. Furthermore, a competition on financial literacy and a lecture on “Financial problems of the modern world and its impact on the value on money” was held by Dr. Jonmamad Shermamdov, Rector of KSU. SPCE LC Dushanbe also organized a variety of activities, including sessions on financial planning for women, to First Micro Finance Bank (FMFB) in Dushanbe, essay competitions, lectures and many more.

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Thailand Leading organizations: Ministry of Education of Thailand Key Participants: Allianz Thailand, My Finance Coach Thailand, Ministry of Finance of Thailand, Ministry of Finance Thai Royal Mint Learning Centre, Stock Exchange of Thailand Number of participating organizations: 51 Number of children reached: 10,426 Number of activities: 54 Building on years of dedication towards advancing the importance of financial education through advocacy programs, throughout GMW 2016 the Ministry of Education and the Office of Basic Education Commission continued its efforts to develop financial literacy amongst young people. Allianz Thailand´s My Finance Coach, in cooperation with the Ministry of Finance’s Royal Mint Learning Centre also organized learning opportunities for children to better understand how to “save smart.” The Ministry of Education’s Office of Basic Education Commission, in partnership with local schools, organized a series of lessons given to children focusing on the importance of saving and why they should start thinking of saving while they are young. This was

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organized primarily in schools in Bangkok, and involved 14 primary and 30 secondary schools. The aim was to integrate financial literacy and wise money management into children’s daily habits. In addition, Allianz Ayudhya organized a half day trip to Thai Royal Mint Learning Centre and half day My Finance Coach Workshop. The objective of the activity was for children to experience Thailand’s historical currency development, to understand how the Thai mint was produced, and to encourage students to become “Save Smart” kids by attending the workshops. The activities utilised the My Finance Coach Module, which included simulation of shopping, the different types of spending, and a new perspective on advertising. The Investor Education Department of the Stock Exchange of Thailand (SET) prepared and carried out many activities at INVESTORY museum and Maruey library as part of their Global Money Week celebrations this year. One of the activities was called INVESTORY: An “Interactive Self-Discovery Museum”, with the aim of inspiring children to learn about financial planning and investment. In this activity, the

SET aimed to: • Encourage all visitors to learn about “4 Principles Leading to wealth” (how to earn, save, spend, and invest) through the interactive exhibitions, games and simulation • Build awareness of GMW2016 via SET Facebook by posting some examples of activities for students from Bangkok University and professionals from the Thai Library In addition a second activity organized by the Maruey Library, a “Capital Market Living Library”, was also organized by the SET for people from all backgrounds, including investors, securities practitioners and the general public. These activities included: • Introduction to the Global Money Week campaign to all visitors • Setting-up a book corner for “Personal Finance” and recommending some simple financial planning books for visitors • Holding a campaign called “I wanna save money because…” in order to encourage all visitors to start saving for their lives • Building awareness of the GMW2016 via SET Facebook by posting some easy quotes about personal finance

Togo Leading organizations: Merite International de la Jeunesse du Togo Key Participants: Fonds National de la Finance Inclusive, Coopec-AD, Association Eliora, Lycée d’enseignement technique et professionnel de Lomé Number of participating organizations: 5 Number of children reached: 3,300 Number of activities: 5 For its fourth consecutive participation in Global Money Week, Merite International de la Jeunesse du Togo had many exciting activities planned for the Week! For example, a workshop was conducted with

students to talk about money management and savings. Parents were also involved, with MIJ stressing the importance of supporting their children and encouraging them to start saving. Parents really appreciated the initiative. In addition, a banking football game was organized for the youth in order to associate financial education with entertaining activities and so that children could learn in a fun an engaging way. Mérite International de la Jeunesse also took youth to visit the financial institutions Fonds National de la Finance Inclusive and Coopec-AD, so that the young people could become more

familiar with their purpose and practices as financial institutions, and interact with professionals from the sector. Furthermore, Mérite International de la Jeunesse visited rural areas to raise awareness about the importance of financial education. These events allowed Togolese students to gain information and build knowledge about crucial financial concepts.

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Tunisia Leading organizations: Mercy Corps Tunisia, We Love Sousse Key Participants: Association des femmes et leadership : Tunis, Faculty Of Human and Social Sciences of Tunis, JAMAITY : Tunis, Centre Artisan Solidaire : Kasserine, Association des Jeunes Agricoles : Sened – Gafsa Number of participating organizations: 9 Number of children reached: 160 Number of activities: 6

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This year, to celebrate Global Money Week, Mercy Corps organized several trainings for students from the Psychology Master’s degree. These training sessions helped students to receive the specific financial services adapted to their financial needs and gave the students principle knowledge for savings practices. The trainings included topics such as women’s crafting, young farmers and youth in general. There were also trainings and workshops that were conducted in relation to budgeting

practices, savings and debt management. Students were able to play financial education games that were aimed to making children aware of their saving habits and financial goals.

Turkey Leading organizations: Financial Literacy and Inclusion Association (FODER), Habitat Association, Visa Europe, Ministry of Development, United Nations Development Programme, Experian Turkey, Credit Bureau of Turkey Key Participants: SermayePiyasasıKurulu (Capital Markets Board Turkey), Bosphorus University, Yeditepe University, Ottoman Bank Museum, The Interbank Card Center, Özel Sektör Gönüllüleri Derneği (ÖSGD), Öğretmen Akademisi Vakfı (ÖRAV), Borsa İstanbul (BIST), Albaraka Türk Katılım Bankası, National Education Directorates, Beyoglu Municipality, Darüşşafaka Cemiyeti, TOG, Türk Ekonomi Bankası, VISA – “Paramı Yönetebiliyorum”, ING Bank, Akbank, Doğuş Grubu - “3 Kumbara” Number of participating organizations: 196 Number of children reached: 97,000 Number of activities: 765 In honor of Global Money Week, the national Stock Exchange (Borsa Istanbul) hosted a “Ring the Bell” ceremony for children and youth to signal the opening of trade for the day. Schools, youth groups and universities were all invited to visit Borsa Istanbul, in order to have the chance to learn about why the stock exchange exists and how it works,

as well as about money, entrepreneurship, careers, and business. Financial Literacy and Inclusion Association (FODER) organized multiple courses in provinces throughout the country about financial literacy, including Istanbul. The trainer-training started on 28th of February. Trainers went to schools that would take part in the GMW event, with the aim of targeting 100.000 children and youth in Turkey ages 9 – 26. Furthermore, between 15 - 20th of March, the Ottoman Bank Museum opened its doors to youngsters to teach them about money and its history. Financial Literacy and Inclusion Association’s trainers taught children and youth about different currencies and the history of money. As an interactive study, the students were asked to bring “money” from their households and to write a story about that money. In doing so, FODER strived to increase the students’ awareness about the different kinds of currencies and old coins. The Habitat Association also organized several activities to celebrate Global Money Week, with the support of local NGOs, governmental bodies and companies. Leading organizations, such as the Habitat

Association, Visa Europe, the Ministry of Development, UNDP and the Experian and Credit Bureau of Turkey joined efforts for wider participation in inclusion throughout the Week. Around 340 peer educators from all around Turkey prepared local trainings in order to have participants from 81 cities of Turkey involved in the celebrations. Total reach of the Week was approximately 27,000 young people (beneficiaries of the financial literacy trainings). In addition to this, Habitat participated in the GMW Selfie competition and photo competitions, organized financial education games, a visit to the money museum, business and financial institutions, radio talks, local media press and several plays in order to support child-centred learning on financial education. Furthermore, the participants of the “I Can Manage My Future Now!” project had free access to a credit score system in order to have wider understanding of credit ratings and future banking analysis. This year’s GMW initiatives played an important role in the financial inclusion of young people throughout Turkey!

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Uganda Leading organizations: Private Education Development Network (PEDN), The National Curriculum Development Centre Key Participants: Aflatoun, The Business Development Centre, East Africa Business Week, Opportunity Bank Uganda Limited, Citi Foundation, DFID, The New Vision (Pakasa Vision), Opportunity International, Amani Initiative Number of participating organizations: 16 Number of children reached: 100,000 Number of activities: TBC

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Uganda observed yet another exciting Global Money Week this year, reaching more than a thousand children and youth through GMW activities such as debates, drama, poetry, youth dialogues, an essay writing competition, educational visits to banks and media campaigns on savings. Students under the Aflateen and ‪GEC‬ programs spent quality time at Citibank Uganda, Opportunity Bank Uganda Ltd. and the New Vision for a ‪”Meet ‬& Mentor” session with the CEOs of these organizations. The

students were treated to educational and motivational presentations on topics including finance, banking as well as career choices. ‬‬‬‬‬

Ukraine Leading organizations: Banking University, Ministry of Education and Science of Ukraine, Ministry of Finance, National Bank of Ukraine, Center for Responsible Finance NGO Association of New Economic Education Key Participants: Institute of Modernization of Education in Ukraine, Deposit Guarantee Fund, Tax Service of Ukraine, Regional Initiatives Foundation, HayDay, Philip Morris International Ukraine, EVS, Kredobank, Oshadbank, PrivatBank, IdeaBank, First Ukrainian International Bank, Diamantbank, UnisonBank, UniCredit Bank, Ukreximbank, Sberbank; secondary schools in Kyiv, Lviv, Kharkiv and Cherkasy; gymnasiums, secondary schools and colleges in Ternopil region Number of participating organizations: 33 Number of children reached: 227,000 Number of activities: 230 The University of Banking of Ukraine participated in Global Money Week in Ukraine for the fourth time this year. In 2016, a wide variety of activities were conducted by the University in Kyiv, Kharkiv, Lviv and Cherkassy, from meetings with prominent bankers to round table discussions, conferences, and contests on financial topics. The students in Kharkiv took part in workshops on the family budget, seminars and consultations. In Cherkasy, university students had an excursion to the Ministry of Finance and the Tax Service of Ukraine. In Lviv, the drawing contest “Face tof hryvnia

for its 20th Anniversary” and an interactive game of “How to be successful?” were held for students. Participants also competed in sports games and visited bank branches, as well as the Money Museum of the Lviv Institute of Banking University. Various lessons and presentations were also conducted, though these were just a sample of the events that were planned during the Week in Ukraine. On 16th of March, youth met the President of Ukraine (2005-2010) and Head of the NBU (1993-2000), Mr. Viktor Yushchenko. Additionally, the teacher training for teachers of the Financial Literacy course in Ukraine was held during the Week. All of these activities are supported by the Ministry of Education of Ukraine, and more information can be found on the website of the Institute of Modernization of Education in Ukraine: http://www.imzo.gov. ua/2016/03/10/vidznachennya-vsesvitnogotizhnya-groshey-zapam-yatayetsyatsikavimi-zahodami/ . University representatives took part in the roundtable “Informing the Citizens and Financial Literacy Raising” supported by the Institute of Modernization of Education in Ukraine and the Deposit Guarantee Fund. This year, the National Bank of Ukraine participated in the Week for the first time by organizing visits to the Money Museum of the National Bank on several days throughout the Week. Lectures were conducted for 11th grade students on the

protection of and the manufacturing of banknotes, and the students also visited the National Bank building. The Association of New Economic Education of Ukraine participated in Global Money Week again by conducting more than 150 activities on the topics of financial literacy, personal and cyber security, personal money management, family budgeting, open lessons by the banking professionals and many other activities. The Association also organized a 7-day Global Money Week challenge, selfie-competition and trade fair for children. The Center for Responsible Finance NGO is a recently established civil society organization aimed at promoting financial education and consumer protection in Ukraine. The Center conducted numerous activities for youth during the Week, including an exhibition of drawings and banners entitled “Save Wise”, a school radio broadcast as the official launch of GMW, a survey on “Savings in my family” and a discussion of the results, class debates, a video lecture “Save and Become Rich”, a simulation entrepreneurial game entitled “Making money for life” simulation, a computer simulation game entitled “Investor”, the interactive workshop “Window to the world of money”, the “Money labyrinth” quest, a master class for mothers on making piggy banks and many other exciting activities for children, youth and families!

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United Arab Emirates Leading organizations: Emirates Foundation Key Participants: Baizat, Central Bank of United Arab Emirates, Abu Dhabi Stock Exchange, Emirates National Schools, Zeinab School, Aisha Bint Abi Baker School, Al Qarain School, Al Noor Training Centre for Children With Special Needs Number of participating organizations: 10 Number of children reached: 2,144 Number of activities: 8 A number of different activities took place in UAE to take part in the GMW 2016 celebrations. Her Highness, Sheikha Shamma Bint Sultan bin Khalifa Al Nahyan, inaugurated the Esref Sah Central Bank visit by announcing her role as ambassador to the program. She highlighted the importance of financial literacy and shared tips with students on how to lead a more financially responsible life. The students were then introduced to the role of the Central Bank and were given seminars by individual departments such as research, compliance and consumer protection. The day ended with a visit to the money museum where students learned about the origins of money, how many

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different types of currency exist and why it is so important for the economy. A savings competition was initiated on 1st of March with a school in Sharjah, and all students were given a branded moneybox and were requested to start saving (coins only) for the entire duration of GMW when the competition was brought to a close. They ran the competition with 30 students, and gave them a digital coin banks to save in. The top 5 winners saved 133 US dollars in ten days. Awards ceremony was held at the school and the top three savers were given prizes. Also, Emirates and their partners ran a financial literacy workshop with more than 60 students. They ended the day by inviting a Shabaab Club member to talk about her own experiences with her children and why it is always important to spend wisely from a very early age. Financial Literacy Bus workshops, designed by the Emirates Foundation, were ran with students across various schools in the UAE. These workshops were conducted in an interactive mobile bus and covered the fundamentals of financial literacy. Partner schools in Abu Dhabi was selected to take part in a school trip to the stock exchange.

The opening “ringing of the bell” ceremony took place, and a session was held by ADX employees on the role of and importance of the stock exchange. A partner school in Abu Dhabi was also selected to take part in a school trip to the Central Bank. The students visited the Money Museum, and a session was held by Central Bank employees to explain about the role and importance of the Central Bank. Barclay’s also partnered by delivering a workshop on the importance of responsible savings and spending habits. Two of the Esref Sah Shabaab Club members delivered a financial literacy workshop to the 30 students attending the event. A workshop was also ran at the Al Noor Training Centre for Children with Special Needs, which involved a customized money box activity with the students.

United Kingdom Leading organizations: The Citi Money Gallery, British Museum, My BNK, The Money Charity, London Stock Exchange, The Money Advice Service, Bank of England, Personal and Finance Education Group, Alfateen, Metro Bank Key Participants: The King Fahad Academy, Mossbourne Victoria Park Academy, Lambeth College, Walthamstow School for Girls, Community Links, Uxbridge College, The Priory School, Big Creative Education, Brixham YES, Skills for Growth, Mount Carmel College for Girls, Europa International School, Alexandra Park School, Exeter College, Lambeth College, Evelyn Grace Academy, Lewisham Leaving Care Unit,Bolingbroke Academy EiB OM82 Number of participating organizations: 46 Number of children reached: 2,457 Number of activities: 300

Ambassador & Founder of MummyMoneyMatters, also spoke about the importance of parents teaching their children about money. Participants from The British Museum, Money Advice Service, MummyMoneyMatters.com, Citi, Brunswick Arts Consulting LLP, Experian, ParentPay / Nimbl, Osper, King Fahad Academy, World Federation of Exchanges, the Money Charity, Global Innovation Fund, My Bank, the Department for International Development (DFID), MasterCard, RBS Sustainability, Young Enterprise, Financial Times and BBC joined the launch celebration. Experian, who was present at the event, also launched their new financial capability tool, Jangle, during the Week. Jangle is an interactive app, and aims to teach children about savings and skills for handling money.

This year, joined by representatives from the Money Advice Service, Citi Money Gallery and MummyMoneyMatters.com, the British Museum launched GMW celebrations in the UK on 14th of March in London. This event was held to mark the 5th Anniversary of Global Money Week, and to promote its goal to promote the importance of financial literacy, inclusion and empowerment of youth. The program started off with opening words from the Founder & Executive Director of CYFI, Ms. Jeroo Billimoria, with global updates and advancement around financial inclusion for young people. The speech was followed by highlights from the work of Money Advice Service in the UK and the British Museumâ&#x20AC;&#x2122;s Citi Money Gallery efforts to teach children about the history of money. Kalpana Fitzpatrick, GMW

Throughout the Week, young people were able to engage themselves at the Citi Money Gallery exhibitions to explore the ways in which people have saved historically and whether this is the same as our saving strategies today. During the first launch event of the Money Gallery, 300 young people were familiarized with several economic concepts which may appear contemporary, but have actually been in use over the past 4,000 years. Students were encouraged to challenge their knowledge through topics such as inflation throughout history, financial crises through the ages and historical savings strategies. Students were able to handle objects from the collection during the lunch break and visit the Citi Money Gallery. Following a talk by Professor Nigel Dodd, the day closed with a

debate on the future of money and transactions. Additionally, the London Stock Exchange was festively opened on 16th of March by young entrepreneurs from the Ye! community platform (www.yecommunity. com) and by young people celebrating the National Apprentice Week. Alongside with the young entrepreneurs and representatives of the CYFI Secretariat and representatives from the National Apprentice Week joined the event. Furthermore, during Global Money Week, MyBnk delivered a range of financial and enterprise education programs that brought money to life for over 1,000 young people in the UK. In schools and youth organisations, 11-25 year olds learned about how to manage money, live independently, tackle debt and have their first enterprise experience. The Money Charity also delivered 27 financial education workshops across the country to students between 11 -19 years of age. These workshops explored topics such as budgeting and planning, saving, credit and living independently. Several schools, such as the King Fahad Academy celebrated GMW as well. In fact, financial capability was introduced into the curriculum this year to coincide with GMW 2016; the highlight of the GMW for the students was their visit to the Bank of England Museum. From now, this module will be introduced every year in the second term to coincide with GMW.

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United States of America Leading organizations: Operation HOPE, Jose Fulgencio Key Participants: 35 Schools, Clark Atlanta University, Oklahoma State University, 10 NGO’s Number of participating organizations: 49 Number of children reached: 3,372 Number of activities: 47 Across 10 cities in the United States, Operation HOPE, a global leader in financial empowerment, conducted 46 events in celebration of Global Money Week. Throughout the week, students ranging from 4th grade through the college level participated in a variety of events, including financial education workshops. In these workshops, Operation HOPE’s “5 module financial empowerment curricula” was taught by volunteer instructors from banks, financial institutions and the broader

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community. Other events included entrepreneurship workshops where Operation HOPE’s “6 module entrepreneurial education curriculum” was taught by volunteer instructors from the business sector. In Atlanta, Georgia, where Operation HOPE is headquartered, HOPE Founder and CEO, John Hope Bryant spoke to a group of students at Clark Atlanta University about their financial futures and discussed his book “How the Poor Can Save Capitalism”. Additionally, high school youth in Atlanta had the opportunity to attend a career fair where Operation HOPE shred their wisdom on how making wise financial decisions can impact your financial future and career path. This event was hosted in conjunction with the Atlanta Alumnae Chapter of Delta Sigma Theta Sorority, Inc.

Additionally, a live-stream workshop entitled “Budgeting your Goals” was conducted by Mr. Jose Fulgencio (Oklahoma State University Educational Media and Technology Association), a certified financial education instructor. For his first time participating in Global Money Week, he hosted a live stream workshop for participants to learn how to budget their money effectively in order to reach their budgeting goals. “Budgeting your Goals” was an interactive webcast with a live twitter chat that showed participants how to set up a budget using google spreadsheets to meet their budgeting goals for 2016. He addressed questions about how to establish budget goals, the difference between needs versus wants in a budget, and why it is important to budget for a rainy day. Participants are able to copy the spreadsheet and work on it on their own.

Venezuela Leading organizations: Bancaribe, CEDICE Libertad – Economía para jóvene Number of participating organizations: 2 Number of children reached: TBC Number of activities: TBC CECIDE Libertad and its financial and economic education program for youth “Economia para jóvenes”, along with Bancaribe, took part in this year’s Global Money Week celebrations in Venezuela. Both organizations embarked on projects that aimed to reach children and youth using

social media and various innovative channels. Bancaribe was one of the organizations pioneering the Regional Rally, an innovative financial education activity coordinated this year by the Child and Youth Finance secretariat specifically for the Latin America and Caribbean Region. The Regional Rally consisted of a series of questions that children and youth between 14 and 24 years of age had to answer in a limited amount of time and in perfect sequence. The activity

was an effort undertaken by 10 organizations at the regional level in hopes of connecting their celebrations and inspiring others to get involved with the various organizations across the region. During the week, both Bancaribe and CEDICE Libertad shared interesting content on their websites and social media to encourage children and youth to take part and save smart!

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Vietnam Leading organizations: National Vietnam Microfinance Working Group (VMFWG) Key Participants: State Bank of Vietnam, schools Number of participating organizations: 4 Number of children reached: 200 Number of activities: 4 For the second time, Global Money Week was celebrated in Vietnam under the leadership of the National Vietnam Microfinance Working Group (VMFWG) â&#x20AC;&#x201C; and this year, State Bank of Vietnam has also shown support in raising awareness to

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strengthen the financial literacy for young people. The National Vietnam Microfinance Working Group arranged financial education sessions with children in Hanoi. Using materials co-developed with Aflatoun, the financial education sessions also gave the children the opportunity to share their thoughts and motivations for saving. Most of the sessions established that childrenâ&#x20AC;&#x2122;s primary motivation for saving is to support their family and themselves, in order to be able to finish their studies.

Representatives from State Bank of Vietnam were also present during the sessions, to present the role of the central bank in ensuring that all Vietnamese people can live in a financially stable country. Moreover, the representatives from the State Bank of Vietnam participated in some interactive activities and games with the children.

Yemen Leading organizations: Central Bank of Yemen, The Higher Council for Motherhood and Childhood, Yemeni Banking Association, For All Foundation Key Participants: Saba Islamic Bank (SIB), International Bank of Yemen, l-Amal Microfinance Bank, Alkuraimi Microfinance Bank, Ministry Of Education Office IN SANAA, Improve Center, Youth Media Center, Aflatoun Number of participating organizations: 28 Number of children reached: 101,000 Number of activities: 12 This year, the Central bank of Yemen, in cooperation with Ministry of Education and the Higher Council of Motherhood and Childhood, launched the GMW 2016 celebrations by inviting the financial institutions in the country and other related organizations to attend and participate in Global Money Week. In his welcome address, the sub-governor of the Central

Bank focused on the importance of financial education for youth and the significance of its role in increasing financial access in Yemen. He also highlighted that the financial institutions in Yemen, including the microfinance institutions, will benefit from Global Money Week initiatives as the banks receive an opportunity to build long-term relationship with their customers. In his speech, the CEO of Al-Amal Bank showcased the outstanding work that Al-Amal Bank has done to spread financial education in the society and the benefits of the programs conducted in many Yemeni cities. Participating banks visited universities during the Week to teach students about the importance of financial literacy and how to start developing a relationship with banks by opening saving accounts. The teams were supervised by two representatives of the Central Bank. In addition, banks also

visited many primary and secondary schools in other cities such as Ibb, Taiz, Aden and Haja. Attention was focused on children and youth in schools nationwide to empower them by enhancing their financial knowledge. Other financial institutions, in cooperation with the Central Bank and the Office of Education in Sana’a, also organized visits to schools and universities in Sana’a during to conduct several activities. The most important event was the schools’ broadcast and radio shows in Arwa School for Girls, wherein all participating banks attended one or more activities and gave speeches to the students about financial services and the importance of financial education.

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Zambia Leading organizations: Bank of Zambia, Pensions & Insurance Authority, Securities And Exchange Commission, Ministry of Finance, The Ministry Of General Education Key Participants: AB Bank, Banc ABC, Barclays Bank, Bank of China, Cavmont Bank, First Capital Bank, Finance Bank, Investrust Bank, Standard Chartered Bank, Stanbic Bank, Eco Bank, Zanaco, Natsave, Lusaka Stock Exchange, Madison Assets, Restless Development, Child Fund, Children International, Finca, JA Zambia, EFC, ZSIC, Laurence Paul & Associates, Indo Zambia Bank, First National Bank Number of participating organizations: 70 Number of children reached: 50,000 Number of activities: 21

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The Bank of Zambia led the Global Money Week celebrations across the country. Zambia commenced its activities four days ahead of the official opening of the week, with a televised address by the Minister of Finance, Hon. Hon Alexander Chikwanda. The Bank of Zambia coordinated a massive Global Money Week kickoff event at the Olympic Youth Development Centre in Lusaka. The kick-off event was attended by more than 30 executives from the financial sector and 1000 pupils from 40 schools. Zambia’s Financial Sector Development Plan (FSDP) Secretariat coordinated Global Money Week activities in all provinces across Zambia. The provincial activities included ‘Open Days’ at banks and micro-

finance institutions, an essay competition on savings, Youth-to-Youth Talks, Saving Accounts Opening for children and youth, and theatre and drama productions. Other activities involved job shadowing, career workshops, financial literacy roadshows and sports tournaments. The week-long celebrations provided the opportunity for Zambia’s financial sector regulators to have interactive sections with the general public, particularly children and youth, on their social and economic rights and responsibilities.

Zimbabwe Leading organizations: The People’s Own Savings Bank (POSB) Key Participants: Junior Achievement (JA) Zimbabwe, Zimbabwe Stock Exchange, MBCA Bank, Zwteens, Zimbabwe Broadcasting Cooperation, National Youth Council, Star FM, Kidzcan Association, Reserve Bank of Zimbabwe, Ministry of Primary and Secondary Education, Ministry of Finance Number of participating organizations: 225 Number of children reached: 2,545,000 Number of activities: 185 The People’s Own Savings Bank (POSB) Zimbabwe partnered with the Ministry of Primary and Secondary Education, the Ministry of Youth, Indigenization and Empowerment and other organizations to celebrate Global Money Week 2016 in

Zimbabwe. Nationwide, ten different activities were held by POSB and its collaborating institutions. Students in all provinces of the country were given the opportunity to participate in an essay competition on the subject of saving and winners of the competition received various prizes. Two finalists from each province were given $50 seed money to open a Juniorsave account with POSB. This year, all POSB branches across Zimbabwe opened their doors to schools in their communities, for students to visit POSB banking halls and observe the day-to-day operations of the bank. A total of 96 schools visited POSB branches across the country during the Week. The Bank’s branch officials also visited two schools in low income and rural areas to give financial education lessons to students. POSB Zimbabwe also launched a

youth credit scheme in partnership with the Ministry of Youth, Indigenization and Economic Empowerment. Junior Achievement Zimbabwe, in partnership with MBCA Bank and POSB, organized financial education workshops in the cities of Harare, Mutare, Bulawaya and Kwekwe. More than 9000 students attended these workshops, which were aimed at raising awareness about financial literacy issues – including financial ethics, money, saving, budgeting and spending. Participating students were given the opportunity to open savings accounts and give practical lessons on how to operate an ATM. Other activities held in Zimbabwe to commemorate the week included football and network tournaments, and a bazaar to promote indigenous business.

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ANNEX: GMW2016 IN NUMBERS 158

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Annex: GMW2016 In Numbers № participating organizations

№ № of children activities reached (total of

Country 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

Afghanistan Albania Argentina Armenia Australia Austria Azerbaijan Bangladesh Belarus Belgium Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Chile China Colombia Croatia Cyprus Democratic Republic of Congo (DRC) Denmark Dominican Republic East Timor Ecuador Egypt El Salvador Estonia Ethiopia Fiji Finland France Gabon Georgia Germany Ghana Greece Guatemala Guinea Honduras Hungary Iceland India Indonesia Iran Ireland Italy Ivory Coast

9 26 32 46 100 5 5 59 3.500 821 12 4 15 15 5 12 122 71 5 3 7 42 7 3 4 25 63 118 2 154 606 28 6 4 1.870 38 11 TBC 29 8 141 5 12 17 15 41 39 28 5 1 11 156 11 434 5 53 14

direct and indirect outreach of children and youth)

12 16 32 38 74 5 6 31 3.500 20 13 6 4 14 6 4 14 96 6 2 4 22 1 0 3 50 416 158 4 213 607 12 5 9 40087 8 20 TBC 5 1 1 4 15 984 4 15 43 12 6 75 8 18 9 194 1 25 14

400 13.000 150.790 3.705 6.800 60 4.080 2.800.000 500.000 130.000 150 1.932 9.620 1.464 600 TBC 3.700 15.072 651 477 800 19.034 2 32 1.690 11.452 5.688.992 8.941 120 57.377 21.000 4.250 260 50 52.000.000 1.500 200 1.000.000 3.865 50 491 1.500 4.170 6.700 1.550 199 6.186 5.170 150 1.000 1.500 13.960 1.734 8.010.000 45 11.980 21.700

№ of Visits to press stock mentions exchange

TBC 28 5 8 3 TBC TBC 7 100 1.200 2 TBC TBC 8 TBC TBC TBC 40 TBC TBC TBC 6 TBC TBC 2 TBC 12 8 TBC 6 150 1 TBC 1 TBC 4 1 TBC TBC TBC 1 1 6 4 TBC 6 5 14 TBC TBC TBC 1 TBC 26 TBC 29 5

№ children & № children & youth reached youth reached DIRECTLY* INDIRECTLY**

0 0 1 0 0 0 0 1 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 0 1

200 3.000 290 705 6.800 60 80 800.000 250.000 30.000 150 1.932 120 164 100 TBC 1.700 2.072 651 377 800 1.034 2 32 703 11.452 116.885 8.941 120 24.377 21.000 4.250 60 50 2.000.000 1.500 200 1.000.000 3.865 50 491 500 170 3.700 1.550 184 6.186 4.170 TBC 650 1.500 13.760 684 10.000 45 1.980 3.700

200 10.000 150.500 3.000 TBC TBC 4.000 2.000.000 250.000 100.000 TBC TBC 9.500 1.300 500 TBC 2.000 13.000 TBC 100 TBC 18.000 TBC TBC 987 TBC 5.572.107 TBC TBC 33.000 TBC TBC 200 TBC 50.000.000 TBC TBC TBC TBC TBC TBC 1.000 4.000 3.000 TBC 15 TBC 1.000 TBC 350 TBC 200 1.050 8.000.000 TBC 10.000 18.000

№ adults № adults № of reached reached schools DIRECTLY* INDIRECTLY**

20 TBC 125 300 403 TBC 120 TBC 10.000 10.000 5 TBC 2.000 19 TBC TBC 350 312 18 30 24 268 20 TBC 24 344 TBC 535 TBC 679 1.600 1.250 8 TBC 2.000 500 TBC TBC 18 TBC TBC 23 40 387 TBC 100 20 TBC 23 40 TBC 6.055 80 450 15 220 1.215

40 TBC 72.000 2.000 TBC TBC TBC TBC TBC 2.000.000 TBC TBC 5.500 300 TBC TBC 50.000 TBC TBC TBC TBC 32.000 20 TBC 638 TBC TBC TBC TBC 14.500 TBC TBC 4 TBC TBC TBC TBC TBC TBC TBC TBC 2.000 1.000 1.500 TBC 10 TBC TBC 175 200 TBC 5.000 100 20.000.000 TBC TBC 15.000

3 5 3 11 25 0 2 34 3.485 800 0 0 0 0 0 0 106 24 3 0 4 9 0 TBC 1 24 4 90 0 104 600 0 4 0 108 24 3 TBC 26 7 0 2 6 4 0 0 0 6 TBC 1 0 123 4 86 0 34 4

№ of № of corporates NGOs

0 0 0 0 0 0 0 3 0 1 4 0 0 0 0 0 0 3 0 0 0 1 0 TBC 0 0 0 0 0 2 0 0 0 0 0 0 0 TBC 0 0 0 0 1 0 5 0 0 TBC 0 0 2 0 1 0 0 1

2 2 0 3 0 0 0 1 5 3 3 0 0 3 2 0 0 10 1 1 0 5 3 TBC 0 0 0 0 0 4 0 3 2 1 5 0 3 TBC 0 0 21 0 1 4 5 1 2 3 TBC 0 0 0 0 5 0 3 0

№ of № of № of SMEs & univeristies museums entrepreneurs

1 5 1 2 0 0 0 11 10 1 2 0 0 1 1 0 2 3 0 0 0 3 1 TBC 0 0 2 5 0 3 0 0 0 0 12 0 0 TBC 0 0 60 0 0 1 2 21 0 0 TBC 0 0 0 0 0 0 2 0

0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 TBC 0 0 1 1 1 1 0 1 0 0 0 1 0 TBC 0 1 0 0 1 0 0 0 1 0 TBC 0 0 1 0 1 0 0 0

0 0 23 2 0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 0 3 0 TBC 0 0 0 0 0 0 0 0 0 0 0 0 0 TBC 0 0 40 1 0 0 0 3 0 0 TBC 0 0 0 0 0 0 0 1

№ of financial institutions

2 5 4 25 2 2 2 1 0 2 1 3 11 4 2 11 2 10 1 2 3 2 0 TBC 2 0 22 9 0 17 2 24 0 2 13 10 0 TBC 1 0 0 0 1 1 4 0 7 8 TBC 0 8 8 4 251 2 7 4

№ of Others government bodies

0 5 1 0 0 0 1 2 0 10 0 1 0 0 0 1 1 0 0 0 4 1 TBC 0 0 3 6 0 3 1 0 0 1 6 1 3 TBC 2 0 0 1 2 1 0 0 28 6 TBC 0 1 1 0 0 0 4 2

1 3 0 2 73 3 0 6 0 3 2 0 1 3 0 1 5 20 0 0 0 15 2 3 1 1 31 7 1 20 3 0 0 0 106 2 2 TBC 0 0 20 1 1 5 4 11 1 5 5 0 2 21 3 90 3 3 2

58 59 60 61 62 63 64 65 66 67 68 69 70 71 73 72 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120

Jamaica Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Latvia Lebanon Liberia Lithuania Luxembourg Macedonia Madagascar Malawi Malaysia Maldives Malta Mexico Moldova Mongolia Montenegro Morocco Mozambique Namibia Nepal Netherlands New Zealand Nicaragua Nigeria Norway Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Romania Russian Rwanda Samoa Saudi Arabia Senegal Serbia Singapore Slovakia Slovenia Somalia South Africa South Korea Spain Sri Lanka Sudan Suriname Sweden Switzerland Syrian Arab Republic Tajikistan Thailand Togo

16 7 68 13 11 9 103 20 19 1 295 3 7 17 17 23 17 2 7 49 19 13 410 35 5 76 212 10 7 16 2 24 19 24 58 49 9 14 28 5 210 2.045 26 20 19 3 14 62 71 253 5 0 4 1.332 7 75 TBC 42 3 16 TBC 51 5

7 25 74 11 9 12 217 70 58 10 530 5 4 100 0 34 10 5 3.324 54 14 34 603 13 5 61 6.000 6 678 82 1 31 43 20 83 105 36 59 31 5 243 11.191 43 6 57 3 27 9 10 400 4 0 6 151 8 12 TBC 62 2 25 48 54 5

300 1.840 31.192 11.000 2.700 250 36.100 13.000 833 100 64.000 1.070 2.000 16.150 500 23.642 600 350 38.785 1.929 15.800 11.000 150.000 2.960 320 36.400 1.229.300 240 878 74.465 47 13.211 1.005.310 12.200 50.000 14.785 120.000 2.006 1.000 37 38.292 13.670.000 6.000 2.539 354.163 292 240 11.708 1.000 6.000 5.900 1.000 450 1.006.963 240 280 7.000 23.605 370 6.503 10.810 10.426 3.300

TBC TBC 10 TBC 27 8 25 40 TBC TBC TBC 2 TBC 41 TBC 3 TBC TBC 1 10 26 1 3 1 TBC 2 TBC TBC TBC TBC TBC TBC TBC TBC 4 1 TBC 5 4 TBC 54 2.038 17 TBC 26 TBC 3 TBC TBC 1 TBC TBC TBC 32 TBC 1 TBC 3 TBC 50 TBC TBC TBC

1 0 0 1 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 1 1 0 0 0 0 1 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0

300 571 2.451 11.000 700 250 16.100 3.000 833 100 14.000 1.070 2.000 1.150 500 3.642 600 370 38.785 1.389 5.800 1.000 150.000 2.660 320 21.400 1.229.300 240 878 74.465 47 3.211 5.310 1.200 20.000 12.485 20.000 2.006 1.000 37 17.697 670.000 1.000 539 3.263 192 240 1.708 1.000 6.000 900 1.000 450 6.963 240 30 7.000 2.185 180 503 8.810 10.426 300

TBC 1.685 28.741 TBC 2.000 TBC 20.000 10.000 TBC TBC 50.000 TBC TBC 15.000 TBC 20.000 TBC TBC TBC 540 10.000 10.000 TBC 300 TBC 15.000 TBC TBC TBC TBC TBC 10.000 1.000.000 10.000 30.000 2.300 100.000 TBC TBC TBC 20.595 13.000.000 5.000 2.000 350.900 100 TBC 10.000 TBC TBC 5.000 TBC TBC 1.000.000 TBC 250 TBC 21.420 190 6.000 2.000 TBC 3.000

TBC 71 111 100 280 50 200 500 85 TBC 350 TBC TBC 60 TBC 45 30 20 2.755 471 1.200 100 200 1.000 TBC 12.486 31.000 TBC 1.454 TBC 10 131 82 TBC 1.000 840 TBC 70 41 TBC 414 40.000 200 47 2.500 53 15 650 TBC 400 30 TBC 10 85 50 150 TBC 100 160 247 256 50 25

TBC TBC TBC TBC 15.000 TBC 9.800 10.000 TBC TBC TBC TBC TBC 600.000 TBC TBC TBC TBC 46 64.750 5.000 50.000 TBC TBC TBC 20.000 TBC TBC TBC TBC TBC 500 TBC TBC 2.000 1.500 TBC TBC TBC TBC 4.000 TBC TBC 2.000 TBC 30 TBC TBC TBC TBC 30.000 TBC TBC TBC TBC 400 TBC TBC 300 10.500 3.000 TBC 75

10 0 48 2 2 6 75 0 11 TBC 261 0 1 6 TBC 18 12 0 1 25 3 11 2 2 0 36 200 8 3 0 0 21 8 16 54 19 0 13 20 4 180 1.960 12 19 6 1 4 40 70 250 3 TBC 2 1.304 2 3 TBC 32 1 1 59 44 1

1 0 0 0 0 0 0 0 0 TBC 3 0 0 0 TBC 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 16 2 0 0 0 4 0 0 0 0 TBC 0 0 0 TBC 0 0 0 36 0 0

1 6 0 2 0 1 4 3 1 TBC 4 0 0 0 TBC 2 0 0 1 0 2 1 1 2 2 4 0 0 2 9 0 3 0 0 2 7 2 0 1 1 0 1 1 0 1 1 0 0 1 0 3 TBC 0 20 1 17 TBC 0 0 4 1 0 2

0 0 1 0 2 1 6 4 0 TBC 3 0 0 3 TBC 0 0 0 0 7 0 0 0 0 0 3 0 0 2 0 0 0 0 0 0 5 0 0 0 0 1 40 2 0 0 0 0 1 0 0 1 TBC 0 0 0 0 TBC 0 0 1 1 0 0

0 0 0 0 0 0 0 0 1 TBC 1 1 0 0 TBC 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 2 0 0 0 0 0 0 0 0 TBC 1 0 0 0 TBC 1 1 0 0 1 0

0 0 0 0 0 0 0 0 0 TBC 0 0 0 0 TBC 0 0 0 0 0 0 0 0 0 0 12 0 0 0 4 0 0 2 0 0 0 1 0 0 0 10 0 1 0 0 0 0 1 0 0 0 TBC 1 0 0 0 TBC 0 0 6 3 0 0

3 0 18 8 2 0 17 5 2 TBC 13 2 3 1 TBC 3 2 0 1 9 10 0 400 5 0 3 3 0 0 3 1 0 2 6 1 9 4 1 6 0 5 11 2 1 2 1 6 0 0 2 1 TBC 0 5 2 0 TBC 5 0 1 28 3 1

1 0 0 0 0 0 1 8 3 TBC 5 0 3 1 TBC 0 3 0 0 1 1 0 1 0 2 3 4 1 0 0 0 0 0 1 1 9 2 0 0 0 2 3 0 0 0 0 0 2 0 1 0 TBC 0 2 2 1 TBC 2 0 0 0 3 1

0 1 1 1 5 1 0 0 1 TBC 5 0 0 6 17 0 0 2 3 6 3 1 5 24 0 14 5 1 0 0 1 0 7 1 0 0 0 0 0 0 1 12 6 0 10 0 0 0 0 0 0 TBC 0 1 0 54 TBC 2 3 0 0 0

121 122 123 124 125 126 127 128 129 130 131 132

Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom United States of America Venezuela Vietnam Yemen Zambia Zimbabwe TOTAL

9 196 16 33 10 46 49 2 4 28 70 225 13.950

6 765 0 230 8 300 47 TBC 4 12 21 185 33.278

160 97.000 100.000 227.000 2.144 2.057 3.372 TBC 200 101.000 50.000 2.545.000 91.831.465

TBC 23 TBC 38 1 1 5 2 TBC 8 TBC TBC 4.207

0 1 0 0 1 1 0 0 0 0 1 1 44

60 51.000 100.000 19.000 144 2.057 3.347 TBC 200 1.000 50.000 45.000 7.005.596

PEOPLE REACHED: Indirect reach for children & youth + Indirect reach for adult participants = 84.825.555+23.176.348= 108,001,903 *Direct reach: Actual estimate of participants engaged by your organization through events, workshops, sessions, competitions, visits, etc, **Indirect reach: Actual estimate of participants engaged by your organization through media, TV show, press release, newspaper article, social media campaign, etc

100 46.000 TBC 208.000 2.000 400 25 TBC TBC 100.000 TBC 2.500.000 84.825.555

TBC 1.500 TBC 3.800 30 95 360 TBC TBC 170 TBC 2.500 148.279

TBC 25.000 TBC TBC TBC TBC 460 TBC TBC 120.000 TBC TBC 23.176.348

1 150 TBC 10 4 31 35 0 2 6 40 170 11.120

0 20 TBC 0 0 1 0 0 0 0 0 0 119

6 4 TBC 5 2 1 10 0 0 4 4 3 263

1 4 TBC 4 0 0 2 0 0 3 0 0 250

0 1 TBC 1 1 1 0 0 0 0 0 0 33

1 4 TBC 0 0 0 0 0 0 1 0 15 138

0 10 TBC 11 1 4 0 1 1 0 14 34 1.199

0 2 TBC 2 1 0 0 0 1 3 5 2 185

0 1 16 1 8 2 1 0 10 7 1 741

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Global Money Week 2016

In partnership with

Child & Youth Finance International (CYFI) CYFI is a global system change organization working with partners in 132 countries. We have taken on the challenge of ensuring that everyone works together to reshape financial systems in order to economically and socially empower children and youth worldwide.  www.childfinanceinternational.org  ChildFinance  ChildFinance T + 31(0)20 5203900 | E info@childfinance.org | Amsterdam, the Netherlands