GLOBAL MONEY WEEK REPORT 2019 Edition 8 | 25-31 March 2019 | Learn.Save.Earn.
COUNTRIES & OVERSEAS TERRITORIES
152
 #GMW2019 in Colombia
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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.
Afganistan Albania Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bangladesh Belarus Belgium Benin Bhutan Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands (BOTs) Central African Republic Chile China Colombia Comoros
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. 58. 59. 60. 61. 62. 63. 64.
Côte d’Ivoire Croatia Cyprus Czech Republic Democratic Republic of Congo (DRC) Denmark Djibouti Dominican Republic Ecuador Egypt El Salvador Estonia Ethiopia Finland France The Gambia Georgia Germany Ghana Greece Guatemala Guinea-Bissau Haiti Honduras Hungary Iceland India Indonesia Iran Ireland Italy Jamaica
65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96.
Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Madagascar Malawi Malaysia Maldives Mali Malta Mauritania Mauritius Mexico Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Nepal
97. The Netherlands 98. New Zealand 99. Nicaragua 100. Niger 101. Nigeria 102. North Macedonia 103. Norway 104. Pakistan 105. Palestine 106. Panama 107. Papua New Guinea 108. Paraguay 109. Peru 110. The Philippines 111. Poland 112. Portugal 113. Puerto Rico 114. Qatar 115. Romania 116. Russian Federation 117. Rwanda 118. Samoa 119. Sao Tome and Principe 120. Saudi Arabia 121. Senegal 122. Serbia 123. Seychelles 124. Singapore 125. Slovakia 126. Slovenia 127. Solomon Islands 128. South Africa
129. 130. 131. 132. 133. 134. 135. 136. 137. 138. 139. 140. 141. 142. 143. 144. 145. 146. 147. 148. 149. 150. 151. 152.
Spain Sri Lanka Suriname Swaziland Sweden Switzerland Syrian Tajikistan Tanzania Thailand Timor-Leste Togo Trinidad and Tobago Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom United States Vietnam Yemen Zambia Zimbabwe
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CONTENTS LETTER FROM CYFI...............................................5 EXECUTIVE SUMMARY........................................6 GMW2019 OUTREACH..........................................8 LEARN.SAVE.EARN..............................................10 ABOUT GMW........................................................11 GMW LAUNCH EVENT 2019..............................12 GLOBAL SUPPORTERS & ENDORSEMENTS...13 STOCK EXCHANGES...........................................14 MONEY MUSEUMS.............................................15 GLOBAL ACTIVITIES...........................................16 GLOBAL COVERAGE............................................17 152 COUNTRY OVERVIEWS AND OVERSEAS TERRITORIES.........................................................18 Afghanistan.............................................................20 Albania.....................................................................21 Andorra....................................................................22 Angola......................................................................23 Antigua and Barbuda.............................................24 Argentina.................................................................25 Armenia...................................................................26 Australia..................................................................27 Austria......................................................................28 Azerbaijan...............................................................29 Bahamas..................................................................30 Bangladesh.............................................................31 Belarus.....................................................................32 Belgium....................................................................33 Benin........................................................................34 Bhutan......................................................................35 Bosnia and Herzegovina.......................................36 Botswana................................................................37 Brazil........................................................................38 Brunei Darussalam................................................39
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Bulgaria...................................................................40 Burkina Faso...........................................................41 Cambodia...............................................................42 Cameroon...............................................................43 Canada.....................................................................44 Cape Verde..............................................................45 Cayman Islands (BOTs).........................................46 Central African Republic.......................................47 Chile..........................................................................48 China.......................................................................49 Colombia..................................................................50 Comoros...................................................................51 Côte d’Ivoire.............................................................52 Croatia......................................................................53 Cyprus......................................................................54 Czech Republic.......................................................55 Democratic Republic of Congo (DRC)................56 Denmark..................................................................57 Djibouti.....................................................................58 Dominican Republic...............................................59 Ecuador....................................................................60 Egypt.........................................................................61 El Salvador...............................................................62 Estonia....................................................................63 Ethiopia....................................................................64 Finland.....................................................................65 France.....................................................................66 The Gambia ...........................................................67 Georgia..................................................................68 Germany................................................................69 Ghana....................................................................70 Greece.....................................................................71 Guatemala.............................................................72 Guinea-Bissau........................................................73
Haiti..........................................................................74 Honduras................................................................75 Hungary..................................................................76 Iceland....................................................................77 India.........................................................................78 Indonesia................................................................79 Iran...........................................................................80 Ireland......................................................................81 Italy...........................................................................82 Jamaica...................................................................83 Japan.......................................................................84 Jordan......................................................................85 Kazakhstan.............................................................86 Kenya.......................................................................87 Kosovo.....................................................................88 Kuwait......................................................................89 Kyrgyzstan...............................................................90 Latvia........................................................................91 Lebanon...................................................................92 Lesotho....................................................................93 Liberia......................................................................94 Libya.........................................................................95 Liechtenstein..........................................................96 Lithuania..................................................................97 Luxembourg............................................................98 Madagascar............................................................99 Malawi...................................................................100 Malaysia................................................................101 Maldives................................................................102 Mali.........................................................................103 Malta......................................................................104 Mauritania.............................................................105 Mauritius..............................................................106 Mexico..................................................................107
Moldova................................................................108 Monaco..................................................................109 Mongolia...............................................................110 Montenegro..........................................................111 Morocco................................................................112 Mozambique.........................................................113 Myanmar................................................................114 Nepal......................................................................115 The Netherlands...................................................116 New Zealand.........................................................117 Nicaragua.............................................................118 Niger......................................................................119 Nigeria...................................................................120 North Macedonia.................................................121 Norway...................................................................122 Pakistan.................................................................123 Palestine................................................................124 Panama..................................................................125 Papua New Guinea..............................................126 Paraguay................................................................127 Peru........................................................................128 The Philippines......................................................129 Poland....................................................................130 Portugal.................................................................131 Puerto Rico............................................................132 Qatar.......................................................................133 Romania.................................................................134 Russian Federation..............................................135 Rwanda..................................................................136 Samoa....................................................................137 Sao Tome and Principe........................................138 Saudi Arabia..........................................................139 Senegal..................................................................140 Serbia.....................................................................141
LETTER FROM CYFI Seychelles.............................................................142 Singapore..............................................................143 Slovakia.................................................................144 Slovenia.................................................................145 Solomon Islands....................................................146 South Africa...........................................................147 Spain......................................................................148 Sri Lanka................................................................149 Suriname...............................................................150 Swaziland..............................................................151 Sweden..................................................................152 Switzerland...........................................................153 Syrian.....................................................................154 Tajikistan................................................................155 Tanzania.................................................................156 Thailand.................................................................157 Timor-Leste............................................................158 Togo........................................................................159 Trinidad and Tobago.............................................160 Tunisia....................................................................161 Turkey....................................................................162 Uganda..................................................................163 Ukraine...................................................................164 United Arab Emirates..........................................165 United Kingdom.....................................................166 United States.........................................................167 Vietnam..................................................................168 Yemen.....................................................................169 Zambia...................................................................170 Zimbabwe..............................................................171
ANNEX 1: GMW2019 IN NUMBERS..............173 ANNEX 2: QUOTES FROM GMW2019.............180
8 Editions of Global Money Week, 8 Global Successes. Global Money Week has come a long way from when we called our first edition ‘Child and Youth Finance Day/ Week’ (not the catchiest title, we know!). Back then we were a small, new, unheard-of NGO that had an ambition much greater than ourselves to reshape an entire ecosystem. We knew that the only way to make this happen was to bring together a large group of diverse stakeholders from around the world, and unite them in work and celebration. The Global Money Week Campaign brought us all together. We have vivid memories of the very first Week in 2012, when we nervously launched the first newsletter inviting countries to take part, not knowing what to expect. Well, we can tell you that the response surpassed our expectations: partners in 21 countries put their faith and trust in us and were the first to bring the celebrations to their countries. That first year, NASDAQ also invited us to ring the opening bell of the New York Stock Exchange. It was that surreal moment when we saw the newly created CYFI logo staring down at us from the heart of Times Square. We knew we had created something wonderful and lasting. Global Money Week has grown beyond us. It has a magnetic power, made strong by the passion all the global partners bring to it. This year’s Global Money Week reached 8.4 million children and youth in 152 countries, bringing the total reach of Global Money Week throughout the years to over 40 million children and youth in 175 countries. With Global Money Week having achieved the recognition and independence it has, there could be no better time for CYFI to hand over the Campaign to the very partners who gave it life. It was with great pleasure that, in June 2019, CYFI handed over Global Money Week to the OECD International Network on Financial Education (INFE). This network is made up of national authorities around the world, which are dedicated to the financial betterment of individuals. With them, Global Money Week will reach new heights, becoming further institutionalized in the agendas of governments worldwide. As we at CYFI proudly watch Global Money Week enter a new phase, we want to send our deepest and most heartfelt gratitude to every single organization and individual that has been, and continues to be, part of Global Money Week’s success. Your dedication to bringing Economic Citizenship to children and youth in your countries has proven itself boundless. Thank you for bringing your energy, innovation and commitment to this Movement and to Global Money Week. It is because of this that we are certain that Global Money Week will continue to reach new heights. Thank you so much. Yours sincerely, The Child & Youth Finance International Team
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EXECUTIVE SUMMARY: Learn.Save.Earn. at the center of GMW Every child deserves a brighter financial future, but no child will get there alone. Through Global Money Week (GMW), children, governments, and institutions all over the world have raised their voices to demand a better introduction into the financial world. Between 25 – 31 March, Global Money Week 2019 was celebrated in a record-breaking 152 countries and overseas territories across all continents, serving as a strong reminder of the world’s determination to tackle financial exclusion by celebrating ‘all things money.’ CYFI kicked off GMW at Euronext Stock Exchange
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Amsterdam, with the Aflatoun International team and students celebrating the start of Global Money Week 2019 and this year’s international Aflatoun Day! From Central Banks to local branches, to schools and stock exchanges, youth financial inclusion and economic empowerment found their way to the top of agendas in a plight to create a financially secure generation. With millions of children and youth reached, GMW2019 has proven to be the most inclusive year yet.
Financial inclusion is one of the key barriers to education, healthcare and secure employment; major components to a secure economy. Financial inclusion means removing physical and technological boundaries to banking services and starts with having access to appropriate services. In Asia, Africa and South America, bank branches opened their doors to children and youth providing the opportunity to open bank accounts, explore financial products and participate in banking seminars. Across the world, leading financial institutions came
together to commit to providing youth friendly banking products, promote secure banking methods and educate entire families on the importance of money. Financial education plays an irrefutable role in improving economic security. Building a financially secure generation requires us to act today and to improve financial literacy amongst the youth to prevent a void in financial understanding – one lesson, one bank account at a time.
From implementing a country-wide compulsory financial education program to inviting government representatives to speak about the importance of financial education people have united across the world to support the Campaign. Over 1,000 lessons and workshops took place, showing us that we can take simple steps towards a better future for all. As global development advances and industry changes, organizations at local and regional levels used GMW2019 to create awareness on how our individual actions and choices contribute to both the personal finance and the national economy.
Promoting sustainable, productive livelihoods is one of the cornerstones of creating an economically secure future. In Africa, a continent on the frontlines of entrepreneurship education, organizations used the Week to offer skills development programs and business training to highlight the potential of young people and enable them to contribute to their local economy. Organizations committed to improving livelihoods for youth, raised their voice through social media to share what money matters matter to them and promote the benefits of financial
security. With each post, television interview and radio broadcast, GMW has brought us a step closer to financial inclusion for all. Through commitment and collaboration, governments and communities are in a better position to create sustainable livelihoods, develop financially secure households and meet global development goals. Global Money Week empowers every individual to start making a change in the right direction; towards the secure financial future that our children deserve.
GMW has shown the true power of collaborative systems change. This model that CYFI has continued to implement for the past 8 years has once again highlighted how local and international partnerships, with a focus towards a common goal, and a coordinated approach, can implement real and effective change. Together, we have managed to achieve great impact with the power of partnerships.
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GMW2019 OUTREACH: From Countries to Children and Youth 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.
Organizations Within each country, GMW events and activities are coordinated by one or more leading organizations that 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.
Participating countries CYFI recognizes all United Nations Member States, as well as States that have been granted Non-Member Observer Status by the United Nations.
Activities Local, regional and global GMW events and activities are aimed at teaching children about Economic Citizenship Education and financial inclusion.
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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 to 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 to youth and adults through targeted media outreach, such as radio shows, TV programs, social media campaigns, etc.
152 countries & overseas territories
155,000 activities
10,000 organizations
8.400,000 children & youth engaged
159.000,000 people reached
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LEARN. SAVE. EARN. GMW Slogan: ‘Learn.Save.Earn.’ ‘Learn.Save.Earn.’ is the official slogan of the Global Money Week (GMW). Initially used as the theme of GMW2017 and transformed into the Campaign’s slogan, we believe it conveys the key messages of the GMW Campaign and supports the goal of the Week by empowering children and youth to not only learn to manage their money wisely, but to help them transfer their knowledge to their families and to entire communities. In addition, the slogan ‘Learn. Save.Earn.’ helps everyone to create a variety of events and activities around these topics that help children and youth to: • Learn to manage money wisely Educating children and young people about their social and economic rights and responsibilities is key to creating a generation of capable adults, who can make wise decisions for their future. • Save for their futures It is important for children and youth to build clever savings habits from an early age in order to cultivate key money-managing skills for later in life. • Earn for themselves and their families Developing livelihoods skills or receiving entrepreneurial training, supports children and young people in getting a job or building their own business and developing their careers.
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GMW OVER THE YEARS
2019 2018 2017 2016
152 countries & overseas territories 155,000 activities 10,000 organizations 8.4 million children and youth 151 countries & overseas territories 199,000+ activities 13,400 organizations 7.4 million children and youth 137 countries 73,000+ activities 24,000 organizations 7.8 million children and youth 132 countries 33,000+ activities 14,000 organizations 7 million children and youth
2015
124 countries 3000+ activities 962 organizations 5.6 million children and youth
2014
118 countries 2000+ activities 490 organizations 3 million children and youth
2013 2012
80 countries 400 organizations 1 million children and youth 21 countries (Child Finance Day/Week) 33 000 children and youth
ABOUT GMW Global Money Week (GMW), a CYFI initiative, is an annual financial awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship. The goal of GMW is to promote the importance of financial inclusion, Economic Citizenship Education (ECE) and the social and economic empowerment of youth. Through many interactive activities such as workshops, visits to banks and stock exchanges, educational games, essay competitions, classroom debates and dramatic productions, young people are able to engage in financial issues in a fun and constructive manner. The Week’s ideas, events and lessons learned are intended to have a long-lasting impact. GMW also helps to advance the strategic focus areas of CYFI, namely through its role as an advocate, network connector, and expert hub and network advisor for the Child and Youth Finance Movement. Advocate As children and youth take part in different educational activities and opportunities for civic activism, GMW advances CYFI’s role as a global advocate for the importance of youth economic empowerment. GMW provides the platform for the introduction of numerous Child and Youth Friendly banking products, Economic Citizenship Education (ECE) programs and financial inclusion and education policies for young people around the world.
empowerment and financial inclusion of children and youth. GMW provides the opportunity for numerous organizations at the local, national and international level to share experiences and collaborate on various promotional events and educational activities with children and youth. This allows for a wider outreach to young people during GMW and fosters partnerships that continue to advance quality financial and educational programming throughout the rest of the year. Network advisor CYFI supports organizations around the world on how to design and implement policies or programs related to Child and Youth friendly banking, ECE and youth entrepreneurship. GMW provides the opportunity to hold various workshops and training sessions, not just for the direct benefit of young people but also for the organizations that are providing financial or educational products and services intended for the benefit of children and youth.  
Network connector and expert hub GMW helps CYFI to further develop partnerships with leading financial service providers, academic institutions, government agencies and organizations focusing on the economic Global Money Week Report 2019
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GMW LAUNCH EVENT 2019 CYFI kicked off GMW at Euronext Stock Exchange Amsterdam, with the Aflatoun International team and students celebrating the start of Global Money Week 2019 and this year’s international Aflatoun Day! See video of the Event here. It was great to jointly open the trading day and look back at how instrumental Aflatoun Day was the story of GMW. Aflatoun Day, initiated by Aflatoun International, first launched on the 17th
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March 2011, was the inspiration for Global Money Week – a whole week dedicated to encouraging children and young people to learn about money matters, livelihoods and entrepreneurship. Now, 9 years later, the story of Global Money Week continues due to amazing organizations which aim to teach children and youth about money matters, not only through events and activities during the Campaign, but so much more!
“Improving and inculcating good financial habits foster the culture of saving and entrepreneurship in childhood and youth has been the purpose of the International Week of Education and Financial Inclusion (Global Money Week as it is known worldwide).” ─ Pamela Escobar, launching event in Bogotá, Colombia
GLOBAL SUPPORTERS AND ENDORSEMENTS Organization for Economic Cooperation and Development (OECD) Global Money Week is held in partnership with the OECD. The OECD has been a strong supporter of CYFI and encouraged its members and partner countries to join the GMW celebrations. The partnership has been taken to the next level, as the OECD will take on the coordination of Global Money Week, starting with GMW2020.
African Union Commission (AUC) GMW is held in partnership with the AUC. The AUC has been a great supporter of GMW, endorsing the global event and reaching out to their member states to raise awareness of GMW. Mastercard Mastercard has offered CYFI and the GMW Campaign continued support, providing a platform from which the campaign has been able to grow.
European Money Week During GMW2019, the 5th edition of European Money Week took place across Europe! Many events were organized by national banking associations, under coordination of the European Banking Federation to highlight financial education. The annual initiative involves youth in over 30 countries, with activities ranging from classroom sessions to seminars and conferences, all seeking to improve financial literacy through better financial education.
Aflatoun International Aflatoun International is a social and financial education organization, also founded by Jeroo Billimoria. The organization closely supports GMW through the celebration of Alfatoun Day amongst its partner organizations. In 2019, Aflatoun Day was held on Monday 25 March worldwide. Many organizations take part in various activities, proudly showing the world that they belong to the Aflatoun family.
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STOCK EXCHANGES: Ring Around the World During GMW2019, a host of stock and security exchanges promoted Global Money Week by inviting children and youth to ring their stock exchange bell. During the last couple of years, stock and security exchanges worldwide have taken part in the celebrations as a symbolic commitment to young people. During the ‘Ring Around the World’ event, children and youth had the chance to open and close the day’s trading by ringing the bell, to take part in historical tours, informative workshops and interviews, to participate in discussions and to augment their knowledge about finance and entrepreneurship. These activities have positively influenced the work of national bodies to ensure a proliferation of financial literacy and education amongst youth. 46 stock exchanges around the world welcomed youth as part of the GMW celebrations in 2019. These included:
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1. Argentina – Buenos Aires Stock Exchange (BCBA) 2. Argentina – Bolsa de Comercio de Rosario (BCR) 3. Argentina – Bolsas y Mercados Argentinos (ByMA) 4. Armenia – Armenia Securities Exchange (AMX) 5. Australia – Australian Securities Exchange (ASX) 6. Bangladesh – Dhaka Stock Exchange (DSE) 7. Belarus – Belarusian Currency and Stock Exchange (BCSE) 8. Belgium – Euronext Brussels (The Brussels Stock Exchange, BSE) 9. Benin – Bourse Régionale des Valeurs Mobilières (BRVM) 10. Bhutan – Royal Securities Exchange of Bhutan (RSEB) 11. Brazil – Securities and Exchange Commission of Brazil (CVM) 12. Bulgaria – Bulgarian Stock Exchange (BSE) 13. Cape Verde – Cabo Verde Stock Exchange (BVC)
14. Colombia – Colombia’s Stock Market SelfRegulator AMV 15. Côte d’Ivoire – La Bourse Régionale des Valeurs Mobilières de Côte d’Ivoire (BRVM) 16. Croatia – Zagreb Stock Exchange (ZSE) 17. Ecuador – Quito Stock Exchange (BVQ) 18. Ecuador – Bolsa de Valores de Guayaquil 19. Egypt – Egyptian Exchange (EGX) 20. Estonia – NASDAQ OMX Tallinn 21. Finland – NASDAQ OMX Helsinki Stock Exchange 22. Germany – Dusseldorf Stock Exchange 23. Budapest – Budapest Stock Exchange 24. Kazakhstan – Kazakhstan Stock Exchange (KASE) 25. Mexico – Bolsa Mexicana de Valores (BMV) 26. Morocco – Casablanca Stock Exchange 27. Mozambique – Bolsa de Valores de Mozambique (BVM) 28. Nepal – Nepal Stock Exchange Limited (NEPSE) 29. New Zealand – New Zealand Stock Exchange (NZX)
30. Nigeria – Nigerian Stock Exchange (NSE) 31. North Macedonia – Macedonian Stock Exchange 32. Norway – Oslo Stock Exchange 33. Pakistan – Pakistan Stock Exchange (PSX) 34. Paraguay – Bolsa de Valores y Productos de Asunción (BVPASA) 35. Peru – Bolsa de Valores de Lima (BVL) 36. Portugal – NYSE Euronext Lisbon 37. Qatar – Qatar Stock Exchange (QSE) 38. Romania – Bucharest Stock Exchange (BVB) 39. Rwanda – Rwanda Stock Exchange (RSE) 40. Slovenia – Ljubljana Stock Exchange (LJSE) 41. Spain – Bolsa de Barcelona 42. Swaziland – Swaziland Stock Exchange 43. Turkey – Borsa İstanbul 44. United Arab Emirates – Abu Dhabi Securities Exchange (ADX) 45. Zambia – Securities & Exchange Commission 46. Zimbabwe – Zimbabwe Stock Exchange (Euronext) (ZSE)
MONEY MUSEUMS: Global Money Week Expo As part of GMW2019, 29 money museums opened their doors for children and youth across the world! These museums have greatly supported GMW celebrations and have helped children develop their financial awareness. Those visits to money museums offered children and youth a great opportunity to draw on the past, learn about the history of money and to understand the importance of saving for their futures. These included: 1. Albania – Money Museum of the Bank of Albania 2. Argentina – “Héctor Carlos Janson” Numismatic and Historical Museum 3. Armenia – The Dram History Museum 4. Armenia – The Money Museum of the Central Bank 5. Bangladesh – Money Museum 6. Ecuador – Money Museum (Numismatic Museum) 7. El Salvador – The Central Bank Museum
8. El Salvador – The Mortgage Bank’s Museum 9. Georgia – The National Bank of Georgia’s Money Museum 10. Guatemala – The Numismatic Museum 11. Indonesia – Museum Bank Indonesia (MBI) 12. Iran – Museum of Bank Melli Iran 13. Japan – The Buntetsu Museum of Bank Notes and Coins 14. Jordan – The Children’s Museum 15. Malaysia – The Bank Negara Malaysia Museum and Art Gallery 16. Mexico – nteractive Museum of Economics (Museo Interactivo de Economía (MIDE)) 17. Montenegro – Money museum – Cetinje 18. Nigeria – Money museum 19. North Macedonia – The Museum of the National Bank of Macedonia 20. Pakistan – State Bank of Pakistan Museum & Art Gallery (Monetary Museum of Pakistan) 21. Peru – The Money and Numismatic
Museum of the Central Bank 22. Peru – National Museum 23. The Philippines – Money Museum 24. Romania – National Bank of Romania Museum 25. Serbia – The National Bank of Serbia Visitor Centre 26. Thailand – Bank of Thailand Money Museum 27. Trinidad & Tobago – Central Bank’s Money Museum 28. Turkey – Ottoman Bank Museum 29. Ukraine – The Museum of Money of the National Bank of Ukraine
“I loved being involved with people from the bank and I liked it a lot that they told us about the history of the National Bank.” ─ Bianca, 13 years old, Bucharest , Romania
“We are very happy to learn more about saving money for the future, and how to save money through specific actions.” ─ Student, Anahi Primary School. Paraguay
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GLOBAL ACTIVITIES During GMW2019, a variety of activities took place in over 152 countries and overseas territories. These were initiated by different organizations – government and financial institutions, NGOs, universities, schools and various private initiatives – with an aim to raise awareness about financial education and inclusion to children and youth worldwide. The activities included visits to national money museums, stock exchanges and banks or other financial institutions; workshops and lectures on financial education; open day events at local companies; national competitions on ‘Learn. Save.Earn’; youth-focused seminars or debates and so much more. In addition, GMW social media competitions took place, receiving hundreds of entries throughout the Week from all over the world. GMW Countdown Challenge 2019 GMW2019 marked the first year that the GMW Countdown Challenge was organized. The Week was kicked off with a 24-day Countdown Challenge, which took part from Friday, 1 March 2019 to Sunday, 24 March 2019! The Challenge was an exciting and fun way to get ready for
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GMW2019 with the goal of raising awareness on financial literacy, history of money, financial education and entrepreneurship in an interactive way. Moreover, whoever participated for all 24 days of the competition contributed in creating a personalized GMW Teaching Material Pack. By collecting all the answers throughout the 24-day journey participants had the opportunity to create this Pack to teach other children and youth in their communities in their classroom activities. Winners of the GMW Challenge 2019 Many organizations and individuals took part in the Challenge and linked their posts to the #GMWChallenge2019. A big “thank you” to everyone who participated and found answers to the questions on savings, history of money, financial institutions, entrepreneurship, and more! We would like to extend a special “thank you” to the participants who took part the most number of days of the 24-day GMW Countdown Challenge 2019. Your daily posts were amazing! Thank you so much for sharing your posts, the daily questions and engaging with others.
Special “thank you” to the following organizations and individuals:
Thus, we decided to recognize winners in the following 3 award categories.
• Bilopilska School No 1, Ukraine • Egyptian Banking Institute, Egypt • Ettevõtlusteater MTÜ, Estonia • Financial Literacy Ukraine, Ukraine • Finpowerment Financial Literacy Club, Botswana • JA Mascareignes, Mauritius • National Financial Education Committee of Trinidad and Tobago, Trinidad and Tobago • National University of Ostroh Academy Faculty of Economics, Ukraine • Pesa Savvy, Kenya • Pildora Financiera, Spain • Vocational School of Aleko Konstantinov, Bulgaria,Gergana Cvetkova, Bulgaria • Marina Kolchagova, Bulgaria • Melani Kirilova, Bulgaria • Nadelina Nikolova, Bulgaria • OgundipeWuraola, Nigeria • Preslava Bardareva, Bulgaria
1. The Best GMW Teaching Material Pack Award The Eadda Club, Nigeria You had put together an amazing GMW Teaching Material Pack. See here. 2. The Highest Social Media Engagement Award Yemen Foundation, Yemen Thank you so much for all your posts, engaging many others and being inspiring! You can see their posts here. 3. The Highest Youth Engagement Award Hunter School of Performing Arts, Australia and St. Constantine’s International School, Tanzania We were especially glad to see children and youth being involved in answering the questions from the GMW Calendar, creating posters and videos. Two schools stood out in engaging their students in the Challenge and both doing it similarly well. Therefore, we gladly decided to have two winners for the third award category. You can see here post by the Hunter School of Performing Arts and here posts from the St. Constantine’s International School.
This year’s #GMWChallenge2019 gathered a lot of attention worldwide. We were overwhelmed by the large number of high-quality posters and videos produced by the participants which made it difficult to choose only one winner.
GLOBAL COVERAGE: From Press to Social Media This year’s Global Money Week Campaign received amazing coverage. The Week’s activities and events were mentioned in thousands of news articles from February to April 2019! In addition, throughout GMW2019, multiple social media platforms were buzzing with posts and shares about events taking place around the world! There were many interactive social media initiatives. For example, GMW Countdown Challenge inspire young people to engage with one another and to understand the concepts of Learn.Save.Earn.
up that you will pass down to your children? #GMW2019 #LearnSaveEarn” Kenya Equity Bank (@KeEquityBank)
… #30 new accounts being opened this week. #roadtosaving #kdc2019 #kidpreneurs #GlobalMoneyWeek2019” I Profile Foundation (@ipfug)
…
No matter where in the world, during GMW2019, social media provided partners and youth with the opportunity to engage with the global community, reaching over millions of people throughout the Week!
#GlobalMoneyWeek2019 is one of our intervention programmes to build a financially savvy generation of future leaders. children are an important component of planning our future as a nation and we must imbue them good financial skills that assures a secure & great future for them”
Posts included:
The Nigerian Stock Exchange (@nsenigeria)
“Annual Global Money Week activities are very helpful and informative for today’s youth. It can motivate them to showcase their talents, skills and make them proud, not just themselves, but the parents as well. As we recognized, the youth’s efforts on savings, made them motivated to save more and be financially literate at an early age.” ─ Ms. Hazel Bliss, Mediodia School Principal, MSU-IIT
National Coop Academy, The Philippines
#GlobalMoneyWeek aims to create financial literacy in children and young people. What is the best money lesson you learned growing
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COUNTRIES & OVERSEAS TERRITORIES
152
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Afghanistan Leading organizations: School of Professional and Continuing Education Afghanistan (SPCE) of the University of Central Asia (UCA) Participating organizations: Afghanistan SPCE’s Learning Centres in Darwaz, Ishkashim, Shugnan and Faizabad, Aga Khan Foundation, Badakhshan University, First Microfinance Bank Afghanistan, Ishkashim High School, SPCE’s Continuing Education Unit, Teacher Training Colleges in Darwaz, Ishkashim, and Shugnan Number of children reached directly: 200 Number of people reached indirectly: 1,750 School of Professional and Continuing Education Afghanistan (SPCE) of the University of Central Asia (UCA) During GMW2019, seminars on different topics were organized in different SPCE-UCA centers. The seminars focused on different subjects such as the Origins of Money, Family Budgeting, and Financial Management and were led by the SPCE-Head, English Instructors, and IT Instructors. The rooms were decorated with GMW posters and banners. At the end of the seminars, participants took selfies and group photos. All activities were shared on social media.
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Albania Leading organizations: Bank of Albania Participating organizations: 8 Media Organizations, 90 Schools, Albanian Association of Banks, Albanian Deposit Insurance Agency, American Bank of Investments, Banka Kombëtare Tregtare, Credins Bank, Intesa Sanpaolo Bank Albania, Junior Achievement of Albania, Ministry of Education, Sports and Youth (and the Regional Education Departments) Number of children reached directly: 5,000 Number of people reached indirectly: 350,000 Bank of Albania The Bank of Albania (BoA) participated once again in Global Money Week. All events were organized in cooperation with the Albanian Association of Banks (AAB), with the support of the Ministry of Education, Sports and Youth. The celebrations started with a launching ceremony at the Museum of the BoA. The First Deputy Governor, the Chairman of the AAB, and the Deputy Minister of Education, Sports and Youth addressed the audience, to emphasize the importance of financial literacy amongst the younger generation. During the ceremony, winners of different competitions organized by the BoA and the AAB were announced. In addition to the GMW theme, the theme in Albania was “Too young to speak in old Lek.” Throughout the Week, a series of education and awareness-raising activities were organized, including school competitions, university lectures, visits to the Museum of the BoA, and visits to commercial banks. Furthermore, many TV shows covered the GMW activities, focusing on the importance of the events.
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Andorra Leading organizations: Andorran Banking Association Participating organizations: Ministry of Education and Higher Education Number of children reached directly: Not reported Number of people reached indirectly: Not reported Andorran Banking Association To celebrate European Money Week, partner of Global Money Week, the Andorran Banking participated in the European Money Quiz. The Ministry of Education and Higher Education and Andorran Banking are working together to promote financial education in schools and to offer various training activities, aimed at students of different educational levels. This decision was taken following the recommendations of the OECD to improve the financial knowledge of young people. The different activities that are being taken include the preparation of a training plan, which is expected to be included in the compulsory education, in which Andorran Banking offers advice on teaching materials, which can then consequently be taught by professionals in the financial sector in schools. Currently, Andorran Banking is collaborating with the University of Andorra to implement the training plan. The training plan aims to provide citizens with the skills necessary to manage their income and expenses, to prevent debt and financial exclusion. The plan focuses on subjects such as mathematics, technology and entrepreneurship.
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Angola Leading organizations: National Bank of Angola Participating organizations: 17 Colleges, 2 Radio Stations, 28 Schools, Angolan agency for Insurance Regulation and Supervision – ARSEG, Capital Market Commission (CMC), EMIS- Interbank Service Company, Endiama Hospital, KEROSupermarket, Police and Provincial Government of Huambo Number of children reached directly: 15,386 Number of people reached indirectly: 15,000,000 National Bank of Angola GMW2019 in Angola was launched by the Mr. JosÊ CornÊlio, Deputy Governor of the Province of Huambo, in the presence of other representatives of the provincial government, financial institutions, teachers and students of both public and private schools. Children visited the Central Bank and were told about the role and mission of the Bank, as well as the operations of commercial banks, and were taught on topics related to personal finance management focusing on conscious consumption and savings. The children pretended to be entrepreneurs at kiosks, giving them the opportunity to experience what it entails to be an entrepreneur and how one must manage their financial resources. Additionally, lectures were held on themes related to savings, the history of the national currency, payment systems, tax obligations, and insurance and pension fund.
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Antigua and Barbuda Leading organizations: Gilbert Agricultural and Rural Development Center (GARD Center) Participating organizations: Antigua and Barbuda Investment Authority, Christ the King High School, Ministry of Trade, Commerce and Industry Number of children reached directly: 250 Number of people reached indirectly: Not reported Gilbert Agricultural and Rural Development Center (GARD Center) Throughout Global Money Week 2019, the GARD Center, along with the Ministry of Trade and Commerce and the Antigua and Barbuda Investment Authority, visited the Christ the King High School, to talk to the students about GMW, the purpose of the Campaign, and how different organizations can work together to reach the same goal. The Week was festively opened by the representatives and students from the participating organizations. Financial literacy awareness sessions were offered to children, youth and adults. The children participated in a GMW quiz and three children received prizes for answering questions about the history of Global Money Week correctly.
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Global Money Week Report 2019
Argentina Leading organizations: Banco Columbia SA, Banco Macro, Central Bank of the Republic of Argentina, Comisión Nacional de Valores (CNV), Junior Achievement Argentina (JA) Participating organizations: 1 University, 16 Schools, 4Finance, ADEBA, ASOCIACION DE LA BANCA ESPECIALIZADA, Asociación Civil Fortalecer Misiones, Banco Ciudad, Banco Columbia S.A., Banco Comafi, Banco de la Nación Argentina, Banco de la Provincia del Neuquén S.A., Banco del Chubut S.A., Banco Galicia, Banco Patagonia, Banco Supervielle, Banco Voii S.A., Bancor, Bolsa de Comercio de Buenos Aires (BCBA), Bolsa de Comercio de Rosario (BCR), Bolsas y Mercados Argentinos (ByMA), Colegio “Santa Rosa”, Colegio Parroquial San Juan XXIII., Cámara Argentina de Fintech, Cámara de Representantes de la Provincia de Misiones, Dirección de Empleo y Capacitación, Municipalidad de Maipú, Mendoza, Dirección de Promoción y Protección de Derechos de Niños Niñas y adolescentes de Mendoza, Dirección General de Escuelas de Mendoza, EESO N° 538, EESO N° 559, Escuela de Comercio n°31 Naciones Unidas, D.E. 9, Escuela N° 5047 Dr. Benjamín Zorrilla, Escuela Técnica N° 481, Fundacion Banco Santa Cruz, Fundacion Banco Santa Fe, Fundación ANPUY, Fundación Banco Entre Ríos, Fundación Banco San Juan, Fundación Itaú Argentina Educativa y Cultural, Fundación Manos Abiertas, HSBC Argentina, HSBC., Instituto “Corazón de María”, Instituto “Madre de la Misericordia”, Instituto Argentino del Mercado de Capitales (IAMC), Instituto Nacional de Juventud (INJUVE), Instituto Nacional de la Juventud (INJUVE), Instituto San José Obrero, Invuelto, ITBA, Mercado a Termino de Buenos Aires (MATBA), Mercado a Término de Rosario (ROFEX), Mercado Argentino de Valores (MAV), Ministerio de Educación de la Provincia de Córdoba, Moni online S.A., Municipalidad de Jesús María, Municipalidad de la Ciudad de Mendoza, Municipalidad de Maipú,
Mendoza, Refinitiv, Santander Rio, UADE, Ualá, UCA - Escuela de Negocios, VeriTran, Wenance Number of children reached directly: 7,188 Number of people reached indirectly: 540,279 Central Bank of the Republic of Argentina For the first time, the Central Bank of the Republic of Argentina (BCRA) was a leading organization for the Global Money Week celebrations. Throughout the Week, workshops, seminars and talks were held in schools, seminars and the “Future Fair”, which was especially designed to empower youth. Schools were given the opportunity to visit FinTechs. All organizations published content on their website and social media pages. Additionally, a virtual finance education website was launched.
entrepreneurship, as well as a module designed for teachers. In total, 21 workshops were conducted. Additionally, a virtual workshop was provided. “The Economic Well-Being Olympics”, a competition designed to allow youth to tackle personal finance problems in a dynamic group setting was also organized. Junior Achievement Argentina (JA) For GMW2019, Junior Achievement organized visits to the Buenos Aires Stock Exchange. Additionally, financial literacy awareness sessions were offered to children, youth and adults. The sessions included games, visits to historical places, and inspirational talks.
Comisión Nacional de Valores (CNV) To celebrate Global Money Week 2019, the CNV organized multiple financial literacy awareness sessions for children, youth and adults. The sessions included six conferences at schools, universities and stock exchanges, one training program and simulation games on securities trading. All events were covered by social media and news outlets. Banco Columbia SA Throughout Global Money Week 2019, Banco Columbia visited elementary and secondary schools around the country, during which workshops were conducted, where volunteers talked about the value of money and saving, and how the tools offered by financial institutions can be used to achieve financial goals. Banco Macro Banco Macro participated in Global Money Week for the 4th consecutive year, in line with its Financial Education and Inclusion Program “Cuentas Sanas” (Healthy Money). All activities featured practical resources on personal finance and Global Money Week Report 2019
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Armenia Leading organizations: Central Bank of the Republic of Armenia, Federation of Euro-Asian Stock Exchanges (FEAS), Junior Achievement Armenia, Union of Banks of Armenia Participating organizations: 51 Schools and Universities, 9 Media Organizations, American University of Armenia (AUA), Amundi-ACBA Asset Management, Ararat Bank, Armbusinessbank, Armeconombank, Armenia Securities Exchange, Armenian Deposit Guarantee Fund, Armswissbank, Artsakhbank, C-QUADRAT Ampega, Converse Bank, Corporate Governance Center, Development and Investments Corporation Of Armenia, Dilijan # 1 high school, Tavush Region, Dilijan # 5 high school, Tavush Region, Economic Journalists Club, Evocabank, Financial System Mediator, Finka UCO, Gladzor UCO, Global Credit UCO, Good Credit UCO, ID Bank, Inecobank, Ingo Armenia Insurance Company, Kamurj UCO, Ministry of Education and Science, Money Museum Central Bank of Armenia, Nairi Insurance, National Institute of Education, RESO insurance, Rosgosstrakh Armenia Insurance Company, SIL insurance, Unibank, Union of Banks of Armenia, VTB Bank Armenia, Wikimedia Armenia, “ACBA Leasing” Credit Organization Number of children reached directly: 2,442 Number of people reached indirectly: 18,819
With the project “Finshabti”, young people were able to learn everything they wanted to know about different financial topics, from representatives in the field, as well as have discussions on different financial topics. The children and youth participated in an art contest, on the topic “I save for…”
Central Bank of the Republic of Armenia During GMW2019, the Central Bank of Armenia organized 13 visits with the “Big Red Buss”, to different financial institutions, the Money Museum of the Central Bank, and the Stock Exchange, where young people were able to learn about finances through different financial games, like the Savings Game and Finance Otherwise. They had the opportunity to test their knowledge by competing in the game “the Brainiest”, Financial Football, Composition Competition, and Economical and Financial Brain Ring.
Junior Achievement Armenia As part of the celebrations, students were invited to visit the Dilijan Educational Research Center of the Central Bank of Armenia, where they learned about the Bank’s function and were able to explore the Dram History Museum. Representatives of the museum educated the children on the history of the Armenian dram, starting from the origins of money, to the releasing of the newest banknotes. Furthermore, a training session for the students was conducted, which taught them about the structure and function of the Central Bank, the set-up of general financial institutions, the meaning of
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Throughout the Week, over 50 financial education classes were organized for schoolchildren, which were integrated in four main subjects, namely “Me and My World”, “Mathematics”, “Algebra”, and “Social Studies”. The project was promoted through social media, mass media, and tv. Participants were also able to learn about finances on the www. abcfinance.am website, which allowed them to be up to date on all the events and online competitions. Federation of Euro-Asian Stock Exchanges (FEAS) Throughout Global Money Week 2019, Federation of Euro-Asian Stock Exchanges, along with its partner American University of Armenia, organized a special lecture for AUA Students. The FEAS Secretary General spoke about the “Crypto Assets and DLT in Modern Financial World” topic. Furthermore, the topic of “Economic Bubble and Crypto Risks” were discussed. The FEAS actively encouraged its members to participate in the celebrations.
inflation, and the concepts of savings and investments. Union of Banks of Armenia For GMW2019, the Union of Banks of Armenia, in cooperation with Economist Journalist Club, organized a series of seminars and trainings for economic journalists on bank related topics. The aim of the activity was to promote a better understanding of different financial banking topics, to go deeper into their definition, how they are used in a contemporary context, and to make them topics of discussion. The activity delivered education materials and knowledge, and aimed to raise awareness of financial literacy. The seminars were conducted by representatives of the financial banking sector, and continued to be given until June 2019.
Australia Leading organizations: Association of Financial Advisors (AFA), Banqer (Australia and New Zealand), Hunter School of the Performing Arts Participating organizations: 1 Media Organization, 29 Schools, Arataki, ASX, Canteen NZ, Financial Planners Association of Australia, Heart Kids NZ, Kids Can, Kiwibank, Koha Community, MYOB, Netwealth, NZX, Pink & Steel, RIP Global, Southern Cross Financial Planning, VUW Women in Tech, Young Enterprise Trust NZ Number of children reached directly: 1,535 Number of people reached indirectly: 521,973 Association of Financial Advisors (AFA) 2019 marked the first year that the Association of Financial Advisers participated in Global Money Week. Throughout the Week, emails were distributed, containing the Top Tips for Children, to provide ways in which children can learn about money. In addition to this, the Association was interviewed on TV, providing advice on money and promoting GMW.
Banqer (Australia and New Zealand) Prior to the Week, Banqer reached out to their partners in different organizations, inviting them to record short videos, where they teach children about different concepts of money. These videos were then shared on the bank’s social media channels during Global Money Week, to reach children and youth remotely. The Week was launched by both the ASX and NZX, with the ‘Ring-the-Bell’ opening session to start the trading day on the 25th of March. The students learned a lot from the experience and told the bank representatives that the session made them feel important and included in the world of finances. The Bank organized a money box competition, where the children were asked to design and create their own money boxes and were asked to give three different ways of how they could earn the money that they would be keeping in their money boxes. All children were encouraged to donate a portion of the money that they earn to charity. In 2018, the Banqer children in New Zealand donated over $3 million to three different charities, which was shared at an event organized at a Banqer School. Hunter School of the Performing Arts Prior to the Week, the School participated in the GMW Countdown Challenge. During the Week, the students were invited to write about the cleverest thing they have done with their own money, or what someone they know has done. All students received a participation award. The most interesting and well written essays were published in an e-book for the parents and the community.
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Austria Leading organizations: Erste Group Bank AG, Erste Financial Life Park, Initiative for Teaching Entrepreneurship ( IFTE), Zweite Sparkasse Participating organizations: Berufsschule für Handel und Administration, Berufsschule für Lebensmittel, Touristik und Zahntechnik, EMS Schwadorf, Niederösterreich, Fachmittelschule und Polytechnische Schule, Gymnasium St. Ursula, HBLA Oberwart, Burgenland, Landesberufsschule für Tourismus Bad Gleichenberg, Steiermark, Polytechnische Schule Maiselgasse, Polytechnische Schule Pottenstein, Niederösterreich, Private NMS Maria Loretto, Kärnten, Private Wiener Mittelschule Institut Sta. Christiana, WMS Leipzigerplatz, WMS/RG/ORG Anton-Krieger-Gasse Number of children reached directly: 459 Number of people reached indirectly: 1,500
Erste Group Bank AG During GMW2019, FLiP organized many different events and activities. FLiP, the Erste Financial Life Park, is an exhibition with several content stations and interactive games. The focus of the exhibition is on money and financial matters and is designed for children aged 10 and above. During the Week, interactive tours, an Entrepreneurship Education Workshop, and the “I €AN” Financial Literacy Workshop for young apprentices was organized. The Entrepreneurship Education Workshop, “Starte dein Projekt”, is a crowdfunding platform, designed to help students of vocational schools in Austria. The initiative is financed by donations and is a jointproject of FLiP, Erste Bank and Sparkassen, The Initiative for Teaching Entrepreneurship (IFTE), and the Vienna Municipal Education Authority. It enables the presentation and funding of student-projects and fosters not only the entrepreneurial spirit, but also with its practical and active orientation, the curriculum of the students. Additionally, it offers workshops for idea generation, project management, and crowdfunding. 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 attend the workshop, where they are given the opportunity to explore their personal relationship with money and to develop a sense of responsibility when using money. Furthermore, the workshops cover financial hazards and the consequences of debt, as well as the development of personal and practical money management strategies. The aim is to develop skills and confidence in financial matters.
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Azerbaijan Leading organizations: Central Bank of the Republic of Azerbaijan Participating organizations: Schools Number of children reached directly: 500 Number of people reached indirectly: Not reported Central Bank of the Republic of Azerbaijan To celebrate both Global Money Week and European Money Week, the Central Bank of the Republic of Azerbaijan joined the European Money Quiz for schoolchildren aged 13-15. Prior to the participation in the Quiz, the Bank offered training sessions to the children, focusing on various elements of financial education and financial inclusion, such as savings, inflation, and credits.
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Bahamas Leading organizations: Bahamas Technical and Vocational Institute Participating organizations: British Fidelity Bank, CFAL, Family Guardian, National Insurance Board, Royal Bank of Canada, Teachers Salaried Cooperative and Credit Union Number of children reached directly: 100 Number of people reached indirectly: 300 Bahamas Technical and Vocational Institute Global Money Week 2019 marked the first year that the Bahamas participated in the global Campaign. Throughout the Week, the Bahamas Technical and Vocational Institute reached over 200 young people directly and indirectly, through their Financial Education Workshop. Financial tips on budgeting, saving, loans, and credits were offered to the children and youth. The Week provided the young people with the opportunity to share informative information with their families, colleagues and friends.
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Bangladesh Leading organizations: Daffodil International University, Central Bank of Bangladesh, Bangladesh Skill Development Institute Participating organizations: 200 Schools, 3 Non-Profit Organizations, 6 Banks, 65 Media Organizations Number of children reached directly: 15,000 Number of people reached indirectly: 870,000
Daffodil International University Once again, the Daffodil International University, Central Bank of Bangladesh, and Bangladesh Skill Development Institute led the GMW events in Bangladesh. The Week was opened at the Inauguration Ceremony at the University campus. The program was broadcasted and shared on Facebook. Throughout the Week, many different events and activities were organized. This includes the first ever organized Financial Inclusion and School Banking Conference. Additionally, awareness raising seminars on Savings and Entrepreneurship were organize in 5 divisions of the country. Furthermore, Panel Discussions for Youth Leaders, Money Management Talks and Leadership Talks were organized. Various competitions were organized during the Week, including essay writing competitions, storytelling video challenges on impact savings, and poster design competitions. Finally, the GMW Child & Youth Rally, and visits to the Dhaka Stock Exchange and money museums were organized. The Week ended with a Closing Ceremony at the University campus. The program was broadcasted via TV and shared on Facebook. During the Week, various different media channels arranged live broadcasts, where the CYFI Bangladesh Chapter President spoke with several prominent leaders. Via the talk shows, the objectives of GMW were highlighted, and children were encouraged to start developing saving habits. Furthermore, the importance of financial inclusion and the different investment opportunities for young entrepreneurs were highlighted.
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Belarus Leading organizations: National Bank of the Republic of Belarus Participating organizations: 20 Media Organizations, 24 Banks, 300 Educational Institutions (kindergartens, colleges, academies), 3000 Schools, 42 Universities, 5 NGOs, Association of Banks, Association of Insurance Companies, Association of Professional Participants in the Securities Market, Belarusian Republican Youth Union, Ministry of Antimonopoly Regulation and Trade, Ministry of Economy, Ministry of Education, Ministry of Finance, Ministry of Information, Ministry of Labor and Social Protection, Ministry of Taxes and Duties, National Academy of Sciences of Belarus, Republican Microfinance Center, State Palace of Children and Youth, Union of Microfinance Institutions Number of children reached directly: 520 Number of people reached indirectly: 1,070 National Bank of the Republic of Belarus In the Republic of Belarus over 3,100 activities took place during GMW2019, including educational visits, lectures, workshops, financial education games, seminars, theater performances, and essay and art competitions. The Week was launched with an opening ceremony at the Belarusian Currency and Stock Exchange, where children rang the Stock Exchange’s bell to open the Campaign. The National Bank organized a videoblogging competition on the theme, “Money Matters Matter.” The winners were hosted at the Bank’s premises. Various stakeholders organized events for children and youth of all ages. These included master classes and lectures for students in higher education institutions, financial education lessons for school children, and cartoons for children in kindergartens. Commercial banks, financial institutions, and corporate companies provided trainings, seminars, and lectures for children and youth all across the country. All activities were covered by media organizations. 32
Global Money Week Report 2019
Belgium Leading organizations: FSMA - Financial Services and Markets Authority- Belgium, Wikifin Insurance Europe Participating organizations: Schools Number of children reached directly: 40,000 Number of people reached indirectly: Not reported FSMA - Financial Services and Markets AuthorityBelgium Once again, the FSMA organized the national edition of Global Money Week in Belgium, with 75 school classes participating in the money quiz, organized by Wikifin, the financial education program of FSMA, and Febelfin. During the quiz, the students were presented 30 financially oriented questions, which concerned matters regarding daily life. The class that gave the most correct answers in the shortest amount of time was allowed to participate in the European finals. Additionally, Wikifin organized activities for students of different ages. For the younger students, this entailed the games “budg€tPRET” and “Just’in Budget”, where children learned how to establish a budget and discover that you can only spend a euro once. For the older students, the Money Quiz and the Wikifin School Challenge were organized. During the Challenge, students learned how to manage a budget with the game “Budget Aan-Zet.” Through the game, the students learned about daily monetary related issues. Insurance Europe For GMW2019, Insurance Europe published a paper titled, “5 Tips To Insure Your Home Wisely,” which is available for downloading on their website.
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Benin Leading organizations: EurAfrik Benin, SIF-Groupe (Société d’Inclusion Financière) Benin Participating organizations: 15 Media Organizations, 4 Schools, Antenne Nationale De La Bourse Régionale Des Valeurs Mobilières (Société De Bourse), Association des Animatrices de Cantines des Collèges du Littoral (AACCL), Association des Conducteurs de Taxi Moto du Bénin (ACTM, Association des Journalistes et Animateurs pour la Promotion de l’Artisanat au Bénin (AJAPAB), Association des Motocyclistes d’Akpakpa Cotonou (AMCA), Association des Professionnels de la Beauté (APB), Association des Zemidjans Artisans du Bénin (AZAB), Association Professionnels, Attention Sécurité Pour Tous (ASPT), Benin Web Tv (Web Télévision), Caisse des Mutualistes d’Epargne et de Crédit des Artisans du Bénin (CMECAB), Communauté pour la Solidarité et l’Entraide Mutuelle (CSEM), Dbcom (Web Télévision), Ecobank Benin (Banque Commerciale), Fédération Nationale des Parents d’Elèves et d’Etudiants du Bénin (FENAPEB), Le Matinal (Organe De Presse), Maire D’abomeycalavi, Ministère De L’economie Et Des Finances, Ministère Du Plan Et Du Développement, Moov Benin (Opérateur De Téléphonie Mobile), Nsia Banque Benin ( Ex Diamond Bank Benin, Banque Commerciale), Programme Education Financière (Côte d’Ivoire), Sudpay Benin (Fintech), Union Régionale des Producteurs des départements de l’Atlantique et du Littoral (URP/AL) Number of children reached directly: 22,155 Number of people reached indirectly: 92,000 EurAfrik Benin EurAfrik Benin, together with Micro-Finance Institutions organized activities for young students to promote electronic microfinance and savings. The activities were held in order to promote the revenue generations for the parents of the students who have limited income. All activities were held in association with informal savings clubs. The program is currently 34
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being held in 18 schools, and EurAfrik hopes to expand to more schools. During Global Money Week, the savings product “SUBA”, meaning “Tomorrow”, was promoted. The organizers went to different schools, to spread awareness about investment clubs and electronic micro-finance. In each school, an electronic finance session was organized, using SUBA. SIF-Groupe (Société d’Inclusion Financière) Benin Global Money Week in Benin was launched by the Societe d’Inclusion Financiere (Financial Inclusion Society) (SIF-Groupe), in collaboration with the State Ministry. Several government representatives, representatives of the financial sector, and educational institutions were in attendance. Throughout the Week, students were invited to develop saving habits and prepare for their futures, with the goal of improving their financial health and contribute to the sustainability of the country. Partner organizations, such as the NSIA Bank, encouraged students to open saving accounts and highlighted the importance of savings. Furthermore, students were able to visit the NSIA Bank, as well as the Regional Securities Exchange and the ECOBANK. A digital finance seminar was held for the students. Throughout GMW2019, games and competitions were organized and at the close of the Week, the winners of the competitions were awarded. The activities allowed the young people to engage in the banking and financial sector and ask questions.
Bhutan Leading organizations: Royal Monetary Authority of Bhutan Participating organizations: 2 Media Organizations, 512 Schools, Bank of Bhutan Limited (BOBL), Bhutan Association of Women Entrepreneurs (BAOWE), Bhutan Broadcasting Service Limited (BBSL), Bhutan Care Credit Limited (BCCL), Bhutan Chamber of Commerce and Industry (BCCI), Bhutan Development Bank Limited (BDBL), Bhutan Insurance Limited (BIL), Bhutan National Bank Limited (BNBL), College of Natural Resources (CNR), College of Science and Technology (CST), Credit Information Bureau (CIB), Department of Cottage and Small Industry (DCSI), Druk Punjab Bank Limited (DPNBL), Financial Institution Training Institute Limited (FITI), Gedu College of Business Studies (GCBS), GIC-reinsurance Limited (GICL), Loden Foundation, Ministry of Agriculture and Forest (MoAF), Ministry of Economic Affairs (MoEA), Ministry of Education (MoE), Ministry of Labour and Human Resource (MoLHR), National Land Commission (NLC), National Pension and Provident Fund (NPPF), Respect Educate Nurture Empower Women (RENEW), Royal Education Council (REC), Royal Institute of Management (RIM), Royal Insurance Corporation of Bhutan Limited (RICBL), Royal Security Exchange of Bhutan Limited (RSEBL), Royal Thimphu College (RTC), Rural Enterprise Development Corporation Limited (REDCL), T-Bank Limited (TBL), Tarayana Foundation, Technical Training Institute (TTI), Thimphu Tech-park Limited, Vocational Training Institute (VTI), Youth Development Fund (YDF) Number of children reached directly: 120,000 Number of people reached indirectly: 53,000
GMW was formally recognized by the Ministry of Education, to include the celebration in the national school curriculum, and was celebrated in over 500 schools across the kingdom. The Royal Monetary Authority (RMA) organized events throughout the country, to reach out to those in rural areas. The Authority also encouraged all FSPs to share the events organized by the Authority and to independently initiate creative events to mark the nation-wide Global Money Week 2019. Furthermore, the Authority separately organized their own events (25-31 March) at Trashigang Dzongkhag to reach out to rural areas. The event comprised of the following highlights. First, an opening event was organized where the Youth Savers 1K milestone was launched, in attendance of the Honourable Dasho Dzongda, Trashigang Dzongkhag, CEO of T-Bank, CEO of Royal Securities Exchange of Bhutan Ltd, and in presence of esteemed participants from FSPs and other stakeholders. Second, at secondary schools, activities such as TOT on YE Banking, and Money box, speech bubble and story writing challenges, PSL sensitization sessions, and e-money sensitization sessions were organized During the Week, Financial Literacy session and bank account opening sessions at various schools were conducted. Finally, different competitions and currency gallery walks were conducted across the nation.
Royal Monetary Authority of Bhutan Royal Monetary Authority in collaboration with financial institutions and other relevant stakeholders organized a series of nation-wide events to celebrate Global Money Week 2019. Global Money Week Report 2019
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Bosnia and Herzegovina Leading organizations: Central Bank of Bosnia and Herzegovina, The Association of Secondary School Students in Bosnia and Herzegovina (ASuBiH) Participating organizations: 1 School, European Fund For Southeast Europe Development Facility Number of children reached directly: 105 Number of people reached indirectly: 300 Central Bank of Bosnia and Herzegovina As a part of its activities aiming to promote financial literacy and achieve a higher degree of financial inclusion of children and youth, the Central Bank of Bosnia and Herzegovina (CBBH), in cooperation with the European Fund for Southeast Europe Development Facility (EFSE-DF), marked Global Money Week 2019, by organizing an educational visit to the premises of the Central Bank of Bosnia and Herzegovina. During this visit, the youth were introduced to balancing payments and the skills and knowledge necessary to properly use financial products. The different topics discussed included the role of the Central Bank, financial products, how global trends affect daily lives, and the basics of managing one’s own personal finance. The Association of Secondary School Students in Bosnia and Herzegovina (ASuBiH) During GMW2019, two teams of students in two local communities organized their own educational activities. These activities included lectures, workshops, and public activities that promoted financial management. The specific topics and activities included fundraising for local projects, discussing start-up business methods, as well as organizational management. The events allowed the students to provide knowledge to their peers and the entire community.
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Global Money Week Report 2019
Botswana Leading organizations: Fin-Gen Botswana, Finpowerment Financial Literacy Club Participating organizations: 3 Schools, Feza Schools International, Gabz Fm radio station, Madi Majwana, New Era College, Orate Africa Trust, Step Up International, Tanzania Competetive Rhetoric Organisation Number of children reached directly: 235 Number of people reached indirectly: 2,120 Finpowerment Financial Literacy Club As part of the Global Money Week 2019 celebrations, Finpowerment Financial Literacy Club visited Step Up International, a non-profit, to facilitate activities relating to money and entrepreneurship. The activities were centered around two themes, namely Entrepreneurship and Investment. In addition to this, Finpowerment organized an essay competition on the subject of saving. Fin-Gen Botswana For this GMW, Fin Gen partnered with Barclays Bank Botswana and the Madi Majwana Radio program, to reach even more children. The partnership allowed Fin Gen to advance and promote financial literacy. Madi Majwana conducted an audio drama, which educated students on the importance of financial education. Following the performance, facilitators gave a presentation on the theme “Learn. Save. Earn�. Additionally, the Currency games and an Oratory Competition were organized, and a presentation was given for 200 students from different countries. The events included the participation of students from Botswana, Kenya, Tanzania, Zimbabwe, and Uganda.
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Brazil Leading organizations: CVM Securities and Exchange Comission of Brazil Participating organizations: 4 Schools Number of children reached directly: 166,000 Number of people reached indirectly: 70,200,000 CVM Securities and Exchange Comission of Brazil To celebrate GMW2019, Brazil organized the 6th edition of the National Financial Education (“Enef”) Week and it was a major success. This year, over 15,000 initiatives were organized, doubling the amount of initiatives organized in 2018. This includes over 5,000 lectures and close to 2,000 workshops. The Week was opened by the Brazilian Securities and Exchange Commission (CVM), the Superintendence of Private Insurance (Susep) and the President of the National Committee for Financial Education (Conef). The theme of this year’s Enef Week was on financial education in schools. Additionally, a project led by the Central Bank and sponsored by the Ministry of Justice, was disseminated, with the purpose of teaching basic financial education in public schools. The goal is to have the project implemented by 2020 throughout the country. Presentations on the project were made in the different capitals. Each presentation had a different theme, covering the various aspects of financial education for primary education. Examples of the themes are “Financial Action in Schools: how to evaluate the impact of educational actions?” and “How to further the professional development of the teacher?” Not only face-to-face events, but also social media and the special Enef website played a great role in reaching as many people as possible.
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Global Money Week Report 2019
Brunei Darussalam Leading organizations: Ministry of Education Brunei Darussalam, Employees Trust Fund, Autoriti Monetari Brunei Darussalam, Financial Planning Association of Brunei Darussalam Participating organizations: 10 Media Organizations, 21 Schools, Radio Television Brunei (RTB) Number of children reached directly: 500 Number of people reached indirectly: 576,663
Ministry of Education Brunei Darussalam In Brunei Darussalam, GMW2019 was opened with Financial Literacy Quiz Competitions and an Award Ceremony. Throughout the Week, three activities were conducted, namely the Financial Literacy Quiz Competition, workshops, and a Comic Illustration Competition. The objective of the Financial Literacy Quiz was to raise awareness on financial education from an early age, to develop the knowledge of young people on financial education, and to improve children’s skills in line with the needs of the Industrial Revolution 4.0. The activities included the usage of teamwork, communication skills, problem-solving skills, and decision-making skills. The event was based on the GMW theme, “Learn.Save.Earn”. The Financial Literacy Workshop highlighted the importance of differentiating wants and needs, as well as the advantage of savings in financial institutions. One of the activities, “Big Dream”, exemplified what would happen when students were adults with a steady income, to highlight what they would need to do to achieve the goals they might have. The Comic Illustration Competition was open for youth aged 15 to 25 years old, where they had to create a 3 to 6 panel Comic Strip, to promote and illustrate the importance of Financial Literacy. The winners were provided with money to be put into a savings account. In order to increase the number of people reached indirectly this year, Brunei Darussalam organized a national Quiz Competition, which was broadcasted on national TV.
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Bulgaria Leading organizations: Junior Achievement Bulgaria Participating organizations: 12 Media Organizations, 12 Universities, 148 Schools, 21 Non-Profit Organizations, 45 Companies, 64 Public Institutions, 79 Financial Institutions, Bulgarian National Bank Number of children reached directly: 5,900 Number of people reached indirectly: 41,500 Junior Achievement Bulgaria Throughout Global Money Week 2019, Junior Achievement, together with its partners, visited over 400 organizations, including schools, kindergartens, non-profit organizations, financial institutions, companies, universities, and public institutions. During the Week, financial literacy awareness sessions were offered for children, youth, and adults, including sessions on financial literacy activities, games, camps, lessons, and much more! High-level discussions, seminars, and other educational sessions were organized in “Angel Kanchev� University of Ruse. Throughout the Week, young people were able to visit the Bulgarian National Bank to explore the history of money. In addition, this year’s students had the opportunity to participate in the national and international Countdown challenge.
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Burkina Faso Leading organizations: Ministry of Economy, Finance and Development Participating organizations: Le Lycée Ouézzin Coulibaly (LOC), Le Lycée Professionnel Régional Guimbi Ouattara(LPRGO), l’Université Catholique de l’Afrique de l’Ouest/Unité Universitaire à Bobo Dioulasso (UCAO/UUB) Number of children reached directly: 533 Number of people reached indirectly: 195 Ministry of Economy, Finance and Development Global Money Week 2019 in Burkina Faso was organized by the Ministry of Economy, Finance and Development. During the Week, financial education and financial inclusion awareness building sessions were organized in three different schools in the city of Bobo Dioulasso. Over 500 students participated in these activities. At the end of every session, the students took part in the Selfie Challenge, the best of which were posted on social media.
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Cambodia Leading organizations: National Bank of Cambodia (NBC) Participating organizations: 14 Schools, Cambodia Microfinance Association (CMA), Ministry of Education, Youth and Sport (MoEYS) Number of children reached directly: Not reported Number of people reached indirectly: Not reported National Bank of Cambodia (NBC) GMW2019 in Cambodia started before the official Week and continued long after. The National Bank (NBC) conducted three promotional activities, included the distribution of the comic book “Let’s Talk Money” and promoting financial literacy during the National Reading Day. Additionally, the NBC, together with the Banking Association, organized a one-day workshop to raise awareness of the importance of using local currency for Cambodian economic development, the current status of the Association and its future, and to celebrate the 35th anniversary of the local currency.
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Cameroon Leading organizations: SNAES (Syndicat National Autonome de l’Enseignement Secondaire) Participating organizations: 2 Media Organizations, 21 Schools, Ministry of Secondary Education, Zenü Network Number of children reached directly: 378 Number of people reached indirectly: 29,711 SNAES (Syndicat National Autonome de l’Enseignement Secondaire) During Global Money Week 2019, SNAES (Syndicat National Autonome de l’Enseignement Secondaire), along with the Zenü Network and the Ministry of Secondary Education, reached over 370 children and youth indirectly, and more than 28,000 indirectly, by organizing visits to banking institutions, enterprises, governmental institutions, and schools. Throughout the Week, financial literacy awareness sessions were offered to children and youth through conferences and discussions with experts in personal development subjects. Additionally, during the entire month, SNAES encouraged children and youth to participate in the GMW Challenge on social media. On Aflatoun International Day, Skype calls allowed schools in the country to connect and chat with Aflateens from Tanzania, Brazil and India. A festive closing ceremony was organized in the Adamaoua region under the patronage of the divisional delegate for secondary education.
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Canada Leading organizations: Canadian Foundation for Economic Education Participating organizations: 20 Schools, Financial Consumer Agency of Canada, Province of Manitoba, Province of Saskatchewan, Scotiabank, The Globe and Mail Number of children reached directly: 750 Number of people reached indirectly: 30,000 Canadian Foundation for Economic Education During Global Money Week 2019, the Canadian Foundation for Economic Education held and facilitated a number of events to further financial literacy in Canadian youth. Among these events and activities were financial literacy sessions for students, field trips by students to local bank branches to learn about banking and money first-hand, presentations by Scotiabank employees to students, as well as a number of Money Fair exhibitions, where students created a physical display around a money topic of their choosing, and then answered questions and explained it to judges and attendees.
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Cape Verde Leading organizations: Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC), Association of Young Economists (AJECON) Participating organizations: Association for Consumer Protection (ADECO), Associação Comunitária de Safende, Cabo Verde Woman´s Organization (OMCV), Centro de formação Profissional - CCFPO, Escola de Ciências Agrarias e Ambientais da Universidade de Cabo Verde (ECAA), Escola de Negócios e Governação da Universidade de Cabo Verde (ENG), Estudantes de quarto ano do curso de desporto da Universidade de Cabo Verde, Grupo de animação infantil Kutumbembem, Instituto Superior de Ciências Económicas e Empresariais (ISCEE), Instituto Superior de Ciências Jurídicas e Sociais (ISCJS), Municipality of Praia (SEPAMP), OEJJuventude (Youth Association), Radio Cidade, Radio Comunitária de Ponta d’água, Radio de Cabo Verde - RCV, Radio Praia FM, Universidade de Santiago (US), Universidade Jean Piaget de cabo Verde Number of children reached directly: 2,500 Number of people reached indirectly: 7,000
Central Bank of Cabo Verde (BCV) The 2019 edition of Global Money Week was coordinated by the Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC) and Association of Young Economists (AJECON). During the Week, financial literacy awareness sessions were offered to children, youth, families and entrepreneurs. The sessions included school visits, training, workshops and lectures, visits to financial institutions (Central Bank and Stock Exchange), conferences, financial challenges for university students (Financial Education Olympics), a financial rally and other financial literacy sensitization were also promoted by various stakeholders in universities and communities. Financial education workshops were organized by PROFIN for university students, where they learned how to use money responsibly and were introduced to the importance of saving, responsible money management, improving skills, and strengthening financial capability to make wise money choices. A major conference on Financial Education was organized by the University of Cabo Verde in partnership with PROFIN, OMCV and SEPAMP, to also commemorate the Women’s national day. Following the conference, university students (Financial Education Multipliers) conducted a sensitization in the major national informal market, where they helped female entrepreneurs how to manage wisely their money. The awareness material was prepared by PROFIN.
300 families. The Central Bank of Cape Verde received first year university students for a guided visit and organized lectures about the financial system, the history of money, and the importance of savings. The Cabo Verde Stock Exchange (BVC) received first year university students for a guided visit and organized lectures about the financial market in Cabo Verde and the work of the Stock Exchange in the financial system. The Association of Young Economists (AJECON), promoted a financial walk (Saúde na corpo i na bolso) to show the connection between being fit and healthy with a good future for communities and prosperity, which translates to their overall financial and health fitness. All stakeholders engaged in GMW2019 organized a “Financial Education Olympics” promoted by the Central Bank of Cabo Verde. 4 universities were invited, and a lot of traditional games were conducted by students of the Sport Department of the Cabo Verde University. PROFIN organized a community rally with children from Kutumbembem cultural group to sensitize them about the importance of money and the need to take responsibility for a better and more prosperous future. Three radio stations engaged in GMW2019 and they spread the message across the population about the GMW initiative, the importance of money, and the need to manage wisely our money for a better future.
University students took part in three training sessions (Financial Education multipliers), where they learned how to raise awareness on the importance of financial education, to improve the quality of life of families, and to support entrepreneurs. They participated in the awareness campaign in the communities, which benefited about Global Money Week Report 2019
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Cayman Islands (British Overseas Territory) Leading organizations: University College of the Cayman Islands Participating organizations: Cayman Islands Banking Association, Cayman Islands Institute of Professional Accountant, Chartered Financial Analyst (CFA) Society Cayman Number of children reached directly: 150 Number of people reached indirectly: 600 University College of the Cayman Islands During Global Money Week 2019, the University College of the Cayman Islands (UCCI), together with its partners, made an effort to reach children and adults via various activities. Representatives from Cayman Banking Association, RBC Royal Bank ( Cayman ) Limited , CFA Society of Cayman Islands (“CFASCI”), and Cayman Islands Institute of Professional Accountants (CIIPA) visited the University College to provide educational sessions and workshops to the students. The workshop of the CIIPA focused on the topic of Capital Budgeting and highlighted the significance of conducting appraisals before spending large sums of money. CIIPA, together with FINdetail Ltd, using different financial education books, explained to the students that paying yourself first, whether it is via personal saving or via business profits, is the key to financial success. The students received copies of the different books used in the presentation, namely The Richest Man in Babylon, Profit First, and The Automatic Millionaire. The representative of the RBC provided a workshop on “The Business of You – Best Practices to Managing Your Finances”, to younger students. The students were able to ask questions on different areas of the presentation, including the 4 Foundational Pillars of Financial Success and Creating a Budget. The students were encouraged to open a savings account and received goodie bags 46
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from RBC Cayman. A professor from the University College provided students with information on Companies in Difficulty: Insolvency & Administration. Case studies and real-life examples were used to highlight what companies do in times of a financial crisis. The Week ended with a workshop, teaching students, who were planning on competing in the CFA Ethical Challenge, how to handle ethical dilemmas. This session was provided by the CFA Society of Cayman Islands (“CFASCI”). Students were given ethical problems and, in teams, they had to find solutions to these problems.
Central African Republic Leading organizations: SOS Children’s Village Centrafrican Republic Participating organizations: 2 Media Organizations, Ecobank, Primary School SOS Hermann Meiner de Bangui Number of children reached directly: 20 Number of people reached indirectly: 1,432 SOS Children’s Village Central African Republic To celebrate GMW2019, SOS Children’s Village Central Africa organized Global Money Week Activities, where children were taught on the different GMW themes, created songs and dances, and performed sketches and plays. Additionally, the organization arranged for the children to visit the Ecobank, where they were taught on the different services offered by the bank, what happens to your money, and how banks operate. Afterwards, the children were able to ask questions and were given Western Union School kits. To close off the celebrations, the children presented everything they learned to their peers, parents, SOS staff members and others, through their songs, performances and sketches, which were aired on national television and radio stations.
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Chile Leading organizations: Banco Central de Chile; Carrera de Auditoría e Ingeniería en Control de Gestión, de la Universidad Autónoma de Chile (Sede Temuco); Fundación Fundef Participating organizations: Colegio Juan Gregorio Las Heras, Escuela Eduardo Campbell, Escuela La Dama Blanca, Escuela La Greda, Escuela Los Libertadores, Kespo Capital, Liceo Particular Comercial Temuco, Universidad Santo Tomas Number of children reached directly: 782 Number of people reached indirectly: 4,474 Banco Central de Chile Throughout GMW2019, students came to visit the Central Bank and participated in educational tours. During these programs, various economic themes related to the Bank’s work were discussed. This included sessions on the GMW slogan “Learn.Save. Earn”. Other topics reviewed were savings and taking wise financial decisions for a better future. Approximately 3,000 individuals were indirectly reached through the activities organized by the Central Bank. Fundación Fundef Fundef, together with their partners, reached over 280 children and youth, thanks to the activities organized. The first event took place at the International Festival for Social Innovation, which included activities such as the construction and decoration of piggy banks made out of plastic bottles, as well the participation in the GMW Challenge. 5 schools took part in the challenge, which aimed at encouraging good saving habits and raising awareness for recycling. Additionally, discussions were held on the importance of saving and financial education. At the end of the Week, the school that collected the most bottles and transformed those into piggy banks was awarded.
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Carrera de Auditoría e Ingeniería en Control de Gestión, de la Universidad Autónoma de Chile (Sede Temuco) 2019 marked the first GMW where the University of Chile engaged young people directly throughout the Week, through talks on the importance of financial education, personal finances and responsible management. The talks paid attention to the different stages and cycles of life and travel. A survey was handed out to consider people’s personal finances and to highlight those needs that people seek to satisfy.
China Leading organizations: Macau Institute of Financial Services (IFS); Macau University of Science and Technology (MUST); Shanghai Better Education Development Center Participating organizations: 9 Media Organizations, Adream, AIA Limited, Antang Central Primary School, Yuncheng District, Yunfu City, Guangdong Province, Bank of Communications, Beijing Jinsong Sanxiao, Beijing Tongxin Experimental School, Central Primary School of Gaofeng Street, Yuncheng District, Yunfu City, Guangdong Province, Central Primary School of Liu Lou Town, Xiangcheng County, Xuchang City, Henan Province, Central Primary School of Manchu Town, Ura Street, Longtan District, Jilin City, Central Primary School of Silou Town, Yuncheng District, Yunfu City, Guangdong Province, City University of Macau (CityU), Daquangou Central Primary School, Sunan County, Zhangye City, Gansu Province, Financial Intelligence Office (FIO), Fourth Primary School of Yima City, Sanmenxia, Henan Province, Fourth Primary School of Yunfu City, Guangdong Province, Institute of Financial Technologists of Asia Limited (IFTA), Luso International Banking, Macao Judiciary Police (PJ), Macao Polytechnic Institute (IPM), Macau Institute of Financial Services (IFS), Manulife (International), Monetary Authority of Macau (AMCM), Ningzhuang Central Primary School, Ziyun Town, Xiangcheng County, Xuchang City, Henan Province, Social Security Fund (FSS), Southern and Sansi Hometown Central Primary School, Xingtai City, Hebei Province, Tai Fung Bank, The Eighth Primary School of Yunfu City, Guangdong Province, The Hong Kong & Shanghai Banking Corp., The Hong Kong Institute of Bankers (HKIB), The Macau Association of Banks (ABM), The Macau Chinese Bank, The Macau Insurers Association (MIA), The Sixth Primary School of Yunfu City, Guangdong Province, The Third Primary School of Yunfu City, Guangdong Province, Tintou Town, Ningdu County, Ganzhou City, Jiangxi Province, Tonghui (International) School, Chengdu, Sichuan
Province, University of Saint Joseph (USJ), Wanchun Primary School, Chengdu City, Sichuan Province, Xiaotian Daiyuan Teaching Point, Ningdu County, Ganzhou City, Jiangxi Province, Yi and Primary School of Jingyuan County, Baiyin City, Gansu Province, Zhonghua Building Primary School, Baogongmiao Township, Suiyang District, Shangqiu City, Henan Province Number of children reached directly: 1,824 Number of people reached indirectly: 67,318 Shanghai Better Education Development Center During Global Money Week 2019, the Shanghai Better Education Centre offered financial literacy awareness sessions to children, youth and adults. The sessions included a GMW Logo Design competition, street interviews, and financial survival games. The winners of the GMW Logo Design competition were selected via public voting on the Internet. Additionally, Better Education, together with Adream, offered financial workshops in 3 schools, based on the Aflatoun model. Finally, award ceremonies for an essay competition on financial matters were held in two regions. Macau Institute of Financial Services (IFS) GMW2019 marked the third consecutive year that Macau celebrated Global Money Week. The opening ceremony was hosted by the Macau University of Science and Technology (MUST), who co-organized the event, together with the Macau Institute of Financial Services (IFS). The activities organized included financial education seminars, visits to three governmental institutions, namely the Monetary Authority of Macao, Financial Office and the Macao Judiciary Police, and job shadowing five banks and insurance companies. The seminars were on matters such as FinTech, the functions of the central bank, and the role of the non-compulsory provident fund. Furthermore, entities from Hong Kong participated this year, to organize a FinTech seminar. Global Money Week Report 2019
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Colombia Leading organizations: Autorregulador del Mercado de Valores; Clever Finance - Educación Financiera; Colegio Empresarial Los Andes Facatativá, Cundinamarca; Corporación Universitaria del Huila - CORHUILA; Diqos educacion sin fronteras; Fundación Plan, Banco De La República, Asobancaria, Banca De Oportunidades, Fondo De Garantías De Instituciones Financieras (Fogafin), Superintendencia Financiera De Colombia Libertat Participating organizations: 13 Universities, 326 Schools, Accion Fiduciaria S.A., Acciones y Valores, Actuar Caldas Comerciacoop, Ad - Cap, Adventista Baluarte Interamericano School, Alianza Fiduciaria, Antonio Nariño University, Asobancaria, Asobolsa, Asocorito Asociación Comerciante E Indust. Putumayo Asoco, Asofiduciarias, Asofondos, Axa Colpatria, Bancamia, Banco Agrario, Banco Av Villas, Banco Bbva, Banco BCSC, Banco Caja Social, Banco Colpatria, Banco Coomeva, Banco Davivienda, Banco De Bogota, Banco de Occidente S.A., Banco Falabella, Banco GNB Sudameris, Banco Mundo Mujer, Banco Pichincha, Banco Procreditcolombia, Banco W, Bancolombia, Bancompartir, Bancoomeva, BBVA Asset Management Sociedad Fiduciaria, BBVA Valores, Bolsa de Valores de Colombia, BTG Pactual, Capitalizadora Bolívar, Capitalizadora Colpatria, Casa de Bolsa S.A., Citibank, Cititrust S.A., Citivalores S.A., Colfondos, Colmena Riesgos Profesionales, Comerciacoop, Comuldesa, Coomeva Coperative, Cooperativa Coosanluis, Cooperativa Especializada De Ahorro Y Credito Crediservir, Coopetativo Utrahuilca School, Cooptenjo, Cooptenjo- Facatativá, Corporación Financiera Colombiana S.A., Corporación Interactuar, Corporación Nariño Empresa Y Futuro Contactar, Corredores Davivienda, Credicorp Capital, Davivienda, Diqos, Emprender, Fasecolda, Fedeleasing, Fiduagraria S.A., Fiduciaria Bogotá, Fiduciaria Central, Fiduciaria Colpatria, Fiduciaria 50
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Corficolombiana S.A, Fiduciaria Davivienda, Fiduciaria de Occidente, Fiduciaria la previsora, Fiduciaria popular, FIDUCOLDEX S.A., Fiducoomeva, Finagro, Fundacion Amanecer, Fundación Finsocial, Fundación Mario Santodomingo, Fundación Mundo Mujer, Gimnasio los Robles School, Global securities Colombia S.A., Itaú, itaú Comisionista, Itaú Fiduciaria, JP Morgan Corporación Financiera S.A., Old mutual Pensiones y Cesantias S.A., Porvenir, Protección, Reinaldo Matiz School, Rincón de la Expresión School, Santa Librada School, Scotia bank, Scotiabank Colpatria, Seguros Comerciales Bolivar S.A., Seguros de vida Colpatria S.A., Servivalores GNB Sudameris S.A., Surcolombiana University, Titularizadora Colombiana S.A., Ultraserfinco, Universidad de Los Andes, Universidad del Bosque, Valores Bancolombia S.A. Number of children reached directly: 263 ,112 Number of people reached indirectly: 471, 210
interactive games, about the importance of using money responsibly, practicing long-term saving strategies, how to invest money through entrepreneurship, and understanding the tools that financial systems provide.
The Global Organizing Committee Money Week Colombia The activities organized by the Committee included plays, forums, and interactive exhibitions, all focused on the importance of the proper usage of resources, the role of economics and finance in the daily lives of young people. The “GMW Colombia” contest was held, awarding the organization that reached the highest number of children during the Week.
Corporación Universitaria del Huila - CORHUILA During the Week, students from all levels of education participated in academic talks, on topics such as savings, investments, digital banking, and the economy. The activities aimed to instill children and young people with good money management practices, as well as identifying the need to save to start their own enterprises in the future.
Fundación Plan For GMW2019, special attention was placed upon victims of armed conflict, for whom group saving sessions, trainings and workshops on money matters, and entrepreneur fairs were organized. Clever Finance CleverFinance designed activities for financial institutions, which aimed to teach children, through
Libertat Libertat Colombia organized a conference for undergraduate students, who are beneficiaries of the Financial Support Program of the Universidad de Los Andes, on the importance of personal financial. The conference highlighted the importance of debts prepayment and the potential savings needed. Colegio Empresarial Los Andes Throughout GMW, the Colegio Empresarial Los Andes en Facatativa Cundinamarca organized seminars, workshops, and competitions for children and youth, which aimed to teach children on the importance of saving.
Diqos educacion sin fronteras Diqos organized a workshop, which covered two themes, namely financial education and emotional education.
Comoros Leading organizations: Comores Entreprendre/ RĂŠseau des Jeunes Entrepreneurs Participating organizations: Ministry of Finance and Budget Number of children reached directly: Not reported Number of people reached indirectly: Not reported Comores Entreprendre/RĂŠseau des Jeunes Entrepreneurs Comoros Entreprendre organized three activities during Global Money Week. The first was a National Conference on GMW. The second was a GMW Competition, held in different schools. Children were asked to design the new currency for the country, which can be used in 2060. Finally, different sports activities were organized.
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Côte d’Ivoire Leading organizations: Programme Education Financière (Côte d’Ivoire) Participating organizations: 15 Media Organizations, 4 Schools, Antenne Nationale De La Bourse Régionale Des Valeurs Mobilières (Société De Bourse), Benin Web Tv (Web Télévision), Dbcom (Web Télévision), Moov Benin (Opérateur De Téléphonie Mobile), Ecobank Benin (Banque Commerciale), Le Matinal (Organe De Presse), Maire D’abomeycalavi, Ministère De L’economie Et Des Finances, NSIA Banque Benin ( Ex Diamond Bank Benin, Banque Commerciale), SIF-Groupe (Société d’Inclusion Financière) Benin, Sudpay Benin (Fintech), Ministère Du Plan Et Du Développement Number of children reached directly: 1,155 Number of people reached indirectly: 47,000 Programme Education Financière (Côte d’Ivoire) Programme Education Financière from Ivory Coast supported SIF-Groupe (Société d’Inclusion Financière) Benin to launch GMW2019 in Benin. The Week was launched by the Societe d’Inclusion Financiere (Financial Inclusion Society) (SIFGroupe), in collaboration with the State Ministry. Several representatives from the government, financial and educational institutions attended. Throughout the Week, students were invited to develop saving habits and prepare for their futures, with the goal of improving their financial health and contribute to the sustainability of the country. Partner organizations, such as the NSIA Bank, encouraged students to open saving accounts and highlighted the importance of savings. Furthermore, students were able to visit the NSIA Bank, as well as the Regional Securities Exchange and the ECOBANK. A digital finance seminar was held for the students. Throughout GMW2019, games and competitions 52
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were organized and at the close of the Week, the winners of the competitions were awarded. The activities allowed the young people to engage in the banking and financial sector and ask questions.
Croatia Leading organizations: Ministry of Finance, The Zagreb Stock Exchange Inc, Croatian National Bank Participating organizations: 11 Schools, 24sata, Association of Independent Trade Unions of Croatia, Croatia Insurance d.d., Croatian Banking Association, Croatian Chamber of Economy, Croatian Employers’ Association, Croatian Financial Services Supervisory Agency, Croatian Institute for Financial Education- HIFE, Croatian Insurance Bureau, Croatian National Bank, Croatian pension Funds managements Companies and pension Insurance Companies, Education and Teacher Training Agency, Faculty of Economics in Zagreb, GRAWE Hrvatska d.d., Ministry of Science and Education, Uniqa Insurance d.d., Večernji list, Wiener Insurance Vienna Insurance Group d.d., Zagreb Stock Exchange, ŠTEDOPIS- Institute for Financial Education Number of children reached directly: 8,122 Number of people reached indirectly: 737,020 Ministry of Finance GMW2019 was launched by the Ministry of Finance, in the attendance of its stakeholders and media organizations. Prior to the Week, the Education and Teacher Training Agency (AZOO) developed Recommendations for Educational Workers and distributed them to all primary and secondary schools in Croatia. The Faculty of Economics organized a promotional event and a panel discussion on the book “Financial Literacy and responsible consumption in everyday life”, with the participation of Croatian National Bank (CNB), Croatian Financial Services Supervisory Agency (CFSSA), Raiffeisen Pension Company and UMFO. Through its regional offices, the Croatian Employer’s Association organized presentations on various themes for both the employers and students. The Croatian Insurance Bureau (HUO) organized a press briefing, where the representatives of insurance companies and HUO pointed out the importance of
financial literacy. HUO continued with the project “Knowledge is the best insurance,” by conducting educational workshops/lectures in secondary schools. The Croatian Chamber of Economy (CCE) organized series of lectures within the project “Knowing More, Understanding Better. The CFSSA conducted 20 lectures and carried out other activities, such as presentations and panel discussions, aimed teaching financial education. Additionally, a debate was organized amongst students on the theme, “Invest in cryptovalute: yes or no?“ The Zagreb Stock Exchange (ZSE) hosted multiple students from secondary schools. Additionally, they conducted an online education game, titled “Virtualna burza (Virtual Stok Exchange).” The Croatian Institute for Financial Education organized workshops on personal finance, communal activities of one city, the impact of advertising on personal consumption, and entrepreneurship for beginners. ŠTEDOPIS - Institute for Financial Education organized workshops for students and participated in a panel discussion on psychology and money. They also published two new online editions of the handbook “My money, My future“, and the book “I and money – The psychology of money and spending.“ The Croatian Banking Association (CBA), in cooperation with ŠTEDOPIS and with a support of the Education and Teacher Training Agency, organized the competition European Money Quiz.
Additionally, the ZSE promoted financial literacy through their website and Facebook profile. The online educative game, ‘Virtual Stock Exchange,’ was once again offered, celebrating its 10th anniversary in 2019. Croatian National Bank The Croatian National Bank not only participated in the events organized by the Ministry of Finance, but they also organized their own events for GMW2019. Throughout the Week, the Bank organized visits for high school students to the Bank and provided educational lectures. Additionally, a debate amongst the students on the theme “Financial Literacy Test as a Prerequisite for Borrowing: yes or no?” was organized and live-streamed.
The Zagreb Stock Exchange Inc Throughout GMW, the Zagreb Stock Exchange (ZSE) hosted close to 300 children on their premises. The Week was opened with ZSE participating at the Briefing with Journalists, organized by the Ministry of Finance. The ZSE was a member of the Operative Working Group for Financial Literacy.
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Cyprus Leading organizations: Bank of Cyprus Cultural Foundation Participating organizations: Schools Number of children reached directly: 50 Number of people reached indirectly: Not reported Bank of Cyprus Cultural Foundation Once again, the Bank of Cyprus Cultural Foundation organized for children to participate in their educational program, “Priceless: Coins and Other Values�, addressing students aged 13-15 years. The program aimed to expand the concept of value and monetary worth. The project took place on the premises of the Museum of the History of Cypriot Coinage and included multiple museum education activities. Students examined ancient and contemporary coins and learned about different kinds of values, the manner in which value is determined, and its relation to social, economic and political structures. The program involved the use of different digital interactive technologies, to demonstrate various monetary concepts, such as conditions in which ancient coins were produced, and social processes through which coins are factored in the construction of collective identities. The program focused on both the economic role of coins, their ideological significance and contribution to knowledge of social and historical processes.
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Czech Republic Leading organizations: European Financial Planning Association Czech Republic, Yourchance o.p.s. Participating organizations: 128 Schools, 45 Orphanages, ABC finančního vzdělávání, Centrum Č erný most, Czech National Bank, eDO finance, Federace DD – FICE), Fincentrum, GMVV, Praha, ING Bank, Jihomoravský kraj, Junior Achievement, Knihovna Brno, Knihovna Kojetín, Knihovna Konice, Knihovna Kroměříž, Knihovna Liberec, Knihovna Ostrava, Knihovna Prostějov, Knihovna Strakonice, Knihovna Vsetín, Komerční banka (hlavní partner GMW 2019), Magistrát hlavního města Prahy, MAS Opavsko, Ministerstvo financí ČR, Ministerstvo školství, mládeže a tělovýchovy ČR, Modrá pyramida, NN ČR/SR, Partners Financial Services, Den finanční gramotnosti, Poradna při finanční tísni, Spendee, SPŠ dopravní, Plzeň, SPŠS Betlémská, Praha, Střední odborné učiliště, Sedlčany, Střední průmyslová škola dopravní, Plzeň, Střední průmyslová škola, Kutná Hora, Střední zdravotní škola, Ostrava, Střední zemědělská škola, Tábor, SZdŠ a obchodní akademie Rumburk, SČMSD Humpolec, SŠ AGC Teplice, SŠ Havířov, SŠ nábytkářská a obchodní, Bystřice pod Hostýnem, SŠ Náhorní, SŠ Polytechnická, Brno, SŠTO, Havířov, Theia, ZŠ ERIZA, Mělník, ZŠ Lutín, ZŠ pro tělesně postižené, Opava, ZŠ Puklice, ZŠ Smetanova, Vimperk, ZŠ T. G. Masaryka, Praha 12, ZŠ Vamberk, Česká národní banka, ČSOB, THEIA krizové centrum o.p.s. Number of children reached directly: 16,990 Number of people reached indirectly: 1,300,500 European Financial Planning Association Czech Republic European Financial Planning Association Czech Republic (EFPA CZ) and Yourchance o.p.s., lecturers of financial literacy, organized a country-wide campaign in Czechia for Global Money Week 2019. Numerous lectures, discussions, workshops, project days, and public events took place.
During the workshops, children were introduced to GMW, after which they watched videos on how money is made and how it is produced. An example of a popular activity was “household economy”, in which the children were asked to draw a house and imagine it to be their own. Discussions were then held on the items that would be in these houses and how much these items would cost. The exercise served as a metaphor for a moneybox, highlighting the differences between income and costs. The exercise ended with children drawing a goal they wish to save for. Some workshops were broadcasted by Czech Television. During the Week, a public event was held with popular Youtubers. The day was filled with dances, singing, competitions and games on financial topics, and interviews on the importance of financial education. In the classroom, children could participate in two online games, titled “Budget It” and “FinGRplay”. The aim of the games was to raise the interest in finances and in that way increase the financial stability and strength of Czech families. To close the Week, a financial literacy conference was held, hosted by the Czech National Bank, which was attended by representatives of the Ministry of Finance, the Chamber of Deputies, commercial banks, financial advisory companies, non-profit organizations, and participating schools. Topics discussed during the conference included increasing financial education, saving for pension, debts, and financial regulations, particularly in the context of the Consumer Protection Act. Various tools were introduced to children and parents to stimulate rational financial behavior.
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Democratic Republic of Congo (DRC) Leading organizations: Central Bank of Congo, FPM ASBL Participating organizations: 2 Universities, 3 Media Organizations, 36 Schools, ACB, ANIMF, EQUITY BANK RDC, FINCA, Ministère de l’Enseignement Primaire, Secondaire et Professionnelle, RAWBANK, UBA Number of children reached directly: 5,090 Number of people reached indirectly: 7,767 Central Bank of Congo Throughout GMW2019, the Central Bank, and its partners, reached close to 5,000 children and youth through visits to banks, universities, and youth leagues. The Central Bank organized various sessions on concepts such as saving, credit, budget, and entrepreneurship. Additionally, this year, university students had the opportunity to attend awareness forums organized by commercial banks. GMW2019 was celebrated in 10 major cities of the country. At the end of the Week, the programs were broadcasted on radio and television channels to raise awareness of Epargnes. This year, the organizers focused on visiting the currency museum, commercial banks and the Central Bank to promote financial awareness. FPM ASBL The goal of FPM for this year’s GMW was to ensure that children and youth learn about money, so that they are equipped to not only help themselves in the future, but also transfer this knowledge to their families and community members. To achieve this goal, the “Learn.Save.Earn” event was organized, which included three presentations on the different themes.
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Denmark Leading organizations: Finance Denmark Participating organizations: Danish Union of Teachers of Mathematics, Schools Number of children reached directly: 17,500 Number of people reached indirectly: Not reported Finance Denmark Throughout the Week and led by the Danish Bankers Association, employees from Denmark’s financial sector took on the role as guest teachers, visiting local elementary schools and leading classes with the aim to enhance the financial literacy of students aged 13 to 15. Courtesy of Finance Denmark and the Danish Union of Teachers of Mathematics, participating schools received financial education teaching resources to ensure access to financial information extends beyond GMW. More than 750 classes at elementary schools across the country participated and had a guest teacher from the financial sector. Furthermore, Finance Denmark published a report during the Week “Youths, Debt, Consumption and Savings” (In Danish: “Unge, gæld, forbrug og opsparing”). The report gives an overview of the financial status of young people between the age of 18 to 29.
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Djibouti Leading organizations: Caritas Djibouti Participating organizations: 4 Local Stores, BCIMR Bank Number of children reached directly: 45 Number of people reached indirectly: Not reported Caritas Djibouti For Global Money Week 2019, Caritas Djibouti focused on their target group, namely children living on the street, migrants, possible victims of human trafficking, girls in vulnerable situations, and victims of abuse. During the Week, five different activities were organized by the organization. During the first activity, the children were asked to plant a bean and take of it, ensuring that it had enough water and sunlight for it to grow properly. The activity was a metaphor for how money grows if you take care of it every day. The second activity involved a course on how to create a budget and a financial plan. The children were taught basic mathematics concepts and learned how to manage your money appropriately. Visits to the BCIMR bank were organized, were children learned about financial awareness, responsible money usage, saving money for the future, the role and importance of the bank, history of currencies, and investing. Additionally, visits to local markets were organized, to highlight how a small business can grow into a large one and how that process develops. The children talked to the business owners, to understand the process and how they can possibly follow that same process themselves. The final activity was titled “I Save Money For‌â€?. The children were asked to make a drawing, which represented the reasons as to why they are saving.
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Dominican Republic Leading organizations: Central Bank of Dominican Republic, Banco ADOPEM Participating organizations: 124 Schools, 20 Media Organizations, Ademi, Además, Argentarium, la Asociación de Bancos Comerciales de la República Dominicana (ABA), Asociación Cibao de Ahorros y Préstamos (ACAP), Asociación de Bancos Comerciales de la República Dominicana (ABA), Asociación de Instituciones Rurales de Ahorro y Crédito, Inc. (AIRAC), Asociación La Nacional de Ahorros y Préstamos, Asociación Popular de Ahorros y Préstamos, Banco ADEMI, Banco BDI, Banco Caribe, Banco Múltiple Activo, Banco Popular, Banco Santa Cruz, Banco Unión, BANESCO, BANFODENSA, BANRESERVAS, BCRD, BDI, BHD León, Bolsa de Valores de la República Dominicana, CAPGHEFI, Caribe, Ciencia Divertida, Dirección General de Impuestos Internos (DGII), El Centro de Capacitación en Política y Gestión Fiscal (CAPGEFI), El Centro de Exportación e Inversión de la República Dominicana (CEI-RD), La Nacional (ALNAP), La Tesorería Nacional de la República Dominicana, La Vega Real (ALAVER), La Vicepresidencia de la Republica, Las Superintendencias de Bancos, Mercado de Valores de la República Dominicana, Ministerio Comercio, Ministerio de Economía Planificación y Desarrollo, Ministerio de Hacienda, Ministerio de Industria y Comercio, Ministerio Industria, Ministerio Mipymes, Oficina Nacional de Estadísticas (ONE), Pensiones, Popular, ProConsumidor, Progresando con Solidaridad, Progresando con Solidaridad (PROSOLI), Renta un Cuento, Reservas Santa Cruz, Superintendencia de Bancos, Superintendencia de Mercado de Valores, Superintendencia de Pensiones (SIPEN), Tesorería Nacional, Unión, Visa Number of children reached directly: 10,000 Number of people reached indirectly: 1,300
Dominican Republic organized a program of activities aimed at promoting economic and financial education nationwide. The activities organized included talks, workshops, and dynamics, prepared for each audience and adapted to each age group. An example was the economic trivia dynamic, where students had to answer questions on the day’s theme and solve cases. The themes included inflation, monetary policy, what is money and the financial system, payment systems, international reserves and exchange market. Aside from these activities, an inter-institutional fair was organized. This fair allowed different participating institutions to exhibit their projects and achievements in economic and financial education and offered them the opportunity to distribute informative and educational materials. A conference with journalist, titled “Fake News: Something Irremediable?” was organized for university students. Furthermore, the Award Ceremony of the “Economists of the Future” academic competition provided an opportunity for multiple educational centers to be awarded. Finally, students were able to visit the Numismatic and Philatelic Museum. Banco ADOPEM (Participating) As part of the National Campaign organized by the Central Bank, Bank ADOPEM and the NGO ADOPEM organized their own activities to celebrate GMW2019. The activities organized included seminars on “Finance for Youths” and “The Importance of Saving”. Additionally, the child and youth friendly savings account, MIA, was launched, as well as the EDUCA-T financial education program. The launch featured videos, material distribution, and interactive games.
Central Bank of Dominican Republic For Global Money Week 2019, the Central Bank of the Global Money Week Report 2019
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Ecuador Leading organizations: AVAL; Banco Central del Ecuador; Banco de Guayaquil; Cooperativa de Ahorro y Crédito Vicentina “Manuel Esteban Godoy Ortega” Ltda., CoopMego; Fundación Crisfe, Banco Pichincha Participating organizations: Centro del Muchacho Trabajador, Cuenca Universidad Del Azuay (Economics Faculty), Escuela Augusto N Martínez, Escuela Gran Ducado de Luxemburgo, Hidroeléctrica Ecuages, Ministry of Education, Mundo Juvenil, Ruta Colegial, The Central Bank’s Money Museum, Unidad Educativa “Río Negro”, Unidad Educativa Cambridge, Unidad Educativa “Héroes del Cenepa”, Unidad Educativa “Palomino Flores”, Unidad Educativa “Puerta del Dorado”, Unidad Educativa “San Juan Bautista” de la parroquia San José del Cantón Catamayo, Universidad de Cuenca (Tourism Faculty), Universidad Técnica Particular de Loja Number of children reached directly: 1,819 Number of people reached indirectly: 23,162
importance of financial education, through a theatre play titled “The Circus of Happiness”.
Banco Central del Ecuador The Central Bank of El Salvador celebrated GMW2019 through their Program for Financial Education. The educational activities aimed at ensuring that young people develop proper saving habits and to provide girls and boys with the necessary knowledge and skills to make wise financial decisions throughout their lives. The activities included exhibitions, games, forums, seminars, theater plays, visits to museums, and educational fairs, and were based on the GMW2019 theme, Learn.Save.Earn. The Week was festively launched in the Morazan Square in the historical center of San Salvador, where an educational fair was held for all members of the public. Children participated by playing fun and dynamic games, visiting the Central Bank’s museum, and learned about the history of money through videos and puppet shows. Participants learned about the
Fundación Crisfe For the GMW celebration, the CRISFE Foundation, in collaboration with the Banco Pichincha, organized a theater play called “The Saved Savings” in 5 different educational institutions. The characters portrayed in the play taught the audience about the importance of savings as a way to accomplish future goals, informing them that you need to be careful with your money and avoid wasting it. The characters gave the boys and girls different strategies, which would allow them to become responsible consumers.
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Throughout the Week, 19 different financial institutions participated in the Campaign. A “Financial Inclusion and FinTech – Elements for Development” presentation was conducted at the Central American University of José Simeón Cañas. An educational fair was organized at the Central Bank and the Mortgage Bank’s museum, in addition to regular visits and presentations. Additionally, “The Circus of Happiness” was performed again, as well as a fun and interactive virtual savings game. Finally, a puppet show, titled “The Wonderful Lucero” was organized, which aimed at teaching children about saving for the future. The celebrations were closed with another educational fair, where the biggest challenges regarding financial literacy and financial capabilities were presented.
Cooperativa de Ahorro y Crédito Vicentina “Manuel Esteban Godoy Ortega” Ltda., CoopMego GMW2019 served as an opportunity for CoopMego to launch their Financial Education Program and Cooperative for the Credit and Savings Cooperative “Manuel Esteban Godoy Ortega” ltd, which will be
conducted throughout the year to spread to the rest of the country. During the Week, CoopMego trained young people, where the GMW slogan “Learn.Save. Earn” was promoted, and financial tools and strategies were shared with the young people to help them accomplish their goals. Additionally, a 20 m2 mural was painted, with ideas on cooperative finance, diversity and inclusion. The mural was painted by students, parents, teachers from the Educational Institute, members of the parish, well-known muralists from “Hueso de Buda” (Buddha’s Bone), and volunteers from CoopMego. Banco de Guayaquil Banco Guayaquil conducted five “Learn.Save.Earn.” themed activities during Global Money Week 2019. First, financial education workshops were held in different cities throughout the country. Ruta Colegial participated by teaching young people about money management, highlighting the importance of developing financial literacy and inclusion for current and future generations. The Week ended with a Financial Education Day, held in the Cambridge Educational Institution. AVAL Aval, together with its partner Mundo Juvinel, organized workshops for two schools in Quito. During the workshop, the children learned about the importance of saving and budgeting. They received material to draw their financial goals and to start managing a basic budget. Additionally, Aval organized a webinar for parents, where they talked about the importance of financial education for children’s lives, both now and in the future.
Egypt Leading organizations: Egyptian Banking Institute Participating organizations: 1300 Schools, Vocational Schools, 5 Nile Schools, 5 Special needs, 500 Orphanages, Academy for Science and Training in Suhag, Ain Shams University, Akhbar el Youm News, Akhbarak News, Al Ahram News, Al tabaa el Oula News, Al Wafd News, Al Watan News, AL Youm El Sabea, Alexandria University, American University in Cairo, Arab Academy for Science, Technology, and Maritime transport, Arab African International Bank, Ashanek Ya Baladi, Association for Adult Education in Suhag, Association for Health Improvement in Suhag, Association for Women and Children Improvement in Suhag), Aswan University, Asyut University, Banque Misr, Beny Sueif University, Cairo Book Fair, Cairo University, Central Bank of Egypt, Credit Agricole Bank, Damanhur University, E-Youth, Education Development Fund, Egypt Banks News,
Egyptian Banking Simulation Model, Egyptian Stock Market, El Akhbar, El Bawaba News, El doctor News, Entreprenelle, Fayoum University, Future University, Ghabbour Foundation, GIZ, Helwan University, ILO, Initiative Company, Jupiter PR Agency, Mansoura University, Ministry of Communication and Information Technology, Ministry of Education, Ministry of Planning and Administrative Reform, Ministry of Social Solidarity, Ministry of Youth and Sports, Ministry of Youth and Sports Radio Network, Minya University, Misr Open university, National Council for Women, Nile International Education System, Noqood Financial Services Application, October University for Modern Science and Literature, Petroleum news room, Positive Planet International, Pride Capital, Rise Up, South Valley University, Suez Canal Bank, Suez Canal University, Suez University, Suhag Chamber of Commerce, Suhag Governorate, Suhag University, Suhag Women Business Council, Tanta University, Terous Foundation for Sustainable Development, UNICEF, United Bank Upper Egypt, Veto news, VISA, Wataneya Foundation, Zagazig University Number of children reached directly: 3,000,000 Number of people reached indirectly: 20,000,000 Egyptian Banking Institute For this year’s GMW, the EBI focused on the important impact entrepreneurship has on economic empowerment and prosperity. Many events organized during the Week therefore focused on entrepreneurship, including trainings, pitching events, competitions for potential entrepreneurs, and connecting potential entrepreneurs with financing opportunities. During the Week, EBI launched the first phase of “Shaping the Future Talks”, which aims to provide a platform for youth to present their life and work challenges, and how they overcame them with the use of proper financial planning. The format of the talks will be implemented
across all Egyptian governorates. Furthermore, a hackathon was hosted to give young entrepreneurs the opportunity to pitch their new project idea, which could benefit their local community. The events were aimed at reaching different target groups, including university students, women in rural areas, youth centers vocational schools, orphanages, and special needs schools. Additionally, EBI partnered with other organizations to reach as many children as possible across the 27 Egyptian governorates, to raise financial literacy awareness, via several educational sessions, games, competitions and publications. Together with NGOs, EBI focused on implementing a rehabilitation and work readiness program in Egyptian orphanages, which conducts wise money management and entrepreneurship sessions to provide the orphans with the necessary knowledge to face labor market challenges. Together with the Ghabbour Foundation, the EBI implemented SchoolBank in vocational training schools, to enhance the students’ financial literacy awareness, and to create a positive impact on this marginalized segment of the community. The Egyptian Banking Simulation Model played a vital role in conducting awareness campaigns, competitions, and Bank simulations in various Egyptian Universities to elevate student’s financial knowledge, besides providing different banking products i.e.: pre –paid cards, debit cards and bank visits. The digital dissemination continued, as an online Facebook financial literacy campaign was launched, with financial content posts, and competitions to ensure the delivery of financial information for millions of beneficiaries.
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El Salvador Leading organizations: Central Bank of Reserves of El Salvador Participating organizations: 10 Schools, 17 Media Organizations, ASESUISA Seguros de El Salvador, Banco Azteca, Banco Cuscatlán, Banco de Desarrollo de El Salvador, Banco de Fomento Agropecuario, Banco Hipotecario, Banco Promerica, Banco Scotiabank, Comisión Nacional de la micro y Pequeña Empresa., Defensoría del Consumidor, Federación de Cajas de Crédito y de Bancos de los Trabajadores, Fundación Alemana, Instituto de Garantía de Deposito, Junior Achievement El Salvador, Ministerio de Educación, Sistema Cooperativo Financiero, Superintendencia del Sistema Financiero, Universidad Centroamericana “José Simeón Cañas” Number of children reached directly: 2,309 Number of people reached indirectly: 200 Central Bank of Reserves of El Salvador The celebrations for GMW2019, organized by the Central Bank of El Salvador included various fun and educational activities, which aimed at teaching children about saving. The activities organized included exhibitions, games, forums, seminars, theatres, visits to the museum, and educational fairs. All activities were based on this year’s GMW theme, “Learn.Save.Earn”. The Week was launched with a fun education fair, open to all member of the public. The Children participated in games, visited the Central Bank’s Museum, and learned about the history of money through videos and puppet shows. Presentations were organized on “Financial Inclusion and FinTech – Elements for Development”. Furthermore, presentations and visits were organized at the Central Bank and the Mortgage Bank’s museum. Throughout the Week, a theater play titled “The Circus of Happiness” was organized, highlighting themes of saving and budgeting. A virtual savings game was made available and a 62
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puppet show titled “The Wonderful Lucero” was organized. The Week was closed with another educational fair.
Estonia Leading organizations: Estonian Banking Association, Estonian Insurance Association, Ministry of Finance, Financial Supervision Authority, Nasdaq Tallinn, Baltic Financial Advisors Association (BFAA), Finance Estonia, Entrepreneurship Theatre Participating organizations: Citadele, Compensa Elukindlustus, Coop Pank, Gjensidige Kindlustus, LHV Pank, Luminor, Lääne-Viru College of Applied Sciences, Rahandusministeerium, SEB Pank, Swedbank Number of children reached directly: Not reported Number of people reached indirectly: Not reported
Estonian Banking Association GMW is celebrated in conjunction with the Rahatarkuse Kuu, or national money month, in Estonia. The Estonian Banking Association, with its partners, organized financial education lessons for students, provided by representatives from banks and insurance companies. The lesson subjects included an introduction to a decision-making psychology, budget planning, and tips for investment and saving. The Ministry of Finance and the Financial Supervision Authority distributed financial literacy books to libraries, with the aim of providing readers with practical advice on money management. In total, 102 libraries received 470 books. The libraries also have “Finantsaabits” books, which were issued by the Financial Supervision Authority and the Nasdaq Tallinn Stock Exchange, which can be downloaded from the minuraha.ee website. Entrepreneurship Theatre For the seventh consecutive year, the Entrepreneurship Through Theatre (Ettevõtlusteater) participated in Global Money Week, this year through the 24-day GMW Countdown Challenge. The organization encouraged children and youth from different schools to participate in the Challenge on their social media pages.
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Ethiopia Leading organizations: Future Hopes Integrated Development Organisation (FHIDO) Participating organizations: Schools Number of children reached directly: Not reported Number of people reached indirectly: Not reported Future Hopes Integrated Development Organisation (FHIDO) In line with the Global Money Week celebrations of 2019, the Future Hopes Integrated Development Organisation (FHIDO) in Ethiopia organized activities during Aflatoun Day 2019.
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Finland Leading organizations: The Finnish Foundation for Share Promotion Participating organizations: Lumon Lukio, Maikkula School, Nasdaq Helsinki Number of children reached directly: 50 Number of people reached indirectly: 12,000 The Finnish Foundation for Share Promotion The Finnish Foundation for Share Promotion and Nasdaq Helsinki opened GMW2019 by hosting students in the old stock exchange building in Helsinki. Nasdaq Helsinki gave a presentation on the history of the stock exchange and the role of the stock exchange today. The Foundation gave a presentation on the importance of investing and how to start today. Additionally, the Foundation’s “Pörssilähettiläät” visited a school and gave a presentation on financial literacy topics, such as savings, budgeting, and investing. The aim of the event was to increase the level of financial literacy amongst youth, so as to ensure that they can apply these skills now and later in life.
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France Leading organizations: Banque de France Participating organizations: ANACOFI, Centres techniques régionaux de la consommation, CRESUS, Finances & Pédagogie, Institut National de la Consommation, Institut pour l’éducation financière du public, Ministère de l’Éducation Nationale Number of children reached directly: 4,318 Number of people reached indirectly: 60,104 Banque de France For GMW2019, Banque de France, together with its partners, hosted many different workshops and games for both students and adults. Throughout the Week, over 15,000 children and youth were reached directly and indirectly. Across the country, workshops and activities were organized for children in the Bank’s premises and schools. The children were able to receive information and learn from best-practice examples by the game “Mes Questions D’argent” and the book “Mon Cahier Financier.” Children participated in a competition for the Economic Excellence Prize and every child received an EDUCFI Passport after correctly answering a 20-question quiz at the end of each session. Additionally, the partner organization organized sessions for not only children, but also adults, to teach them how to handle one’s budget.
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The Gambia Leading organizations: ChildFund The Gambia Participating organizations: Schools Number of children reached directly: Not reported Number of people reached indirectly: Not reported ChildFund The Gambia In line with the Global Money Week celebrations of 2019, ChildFund the Gambia organized activities for Aflatoun Day 2019 to enhance financial education in the country.
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Georgia Leading organizations: National Bank of Georgia Participating organizations: 12 Media Organizations, 2 Universities, 46 Schools, Bank of Georgia, BasisBank, Credo Bank, Crystal Fund, Financial Education Center of Ilia State University, FINCA Bank Georgia, Junior Achievement Georgia, Liberty Bank, MFO Crystal, MFO MBC, Ministry of Education, Science, Culture and Sport of Georgia, National Youth and Children’s Palace, Save the Children, TBC Bank, VTB Bank Number of children reached directly: 1,655 Number of people reached indirectly: 82,543 National Bank of Georgia Global Money Week was once again festively celebrated by the National Bank of Georgia (NGB), together with its local and international partners, by implementing various interactive educational activities. The NBG and the Ministry of Education, Science, Culture and Sports, organized a countrywide art competition for children and the topic of Georgian money, to celebrate the 100th anniversary since the establishment of the State Bank of Georgia. The children created their own original designs of a Georgian Lari banknote or coin. The winners were invited to the NBG’s Money Museum, where the winners talked about their creations and attended an interactive lecture on the history of the National Bank and Georgian money. NBG and Visa organized a Financial Football game at the National Youth and Children’s Palace (NYCP), where students were able to play, while at the same time improve their financial knowledge. Additionally, NBG and Save the Children conducted a financial literacy workshop, with fun and education games. Junior Achievement Georgia (JAG), in collaboration with the NBG and the University of Georgia, hosted a workshop, titled “How to Manage 68
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Money and Start Investing”. Throughout the Week, JAG also hosted an exhibition, a sale, and a competition for the 25 best ‘mini’ companies that participate in the “Entrepreneurship” program, which is part of the USAID project “Supporting Business Education in Europe and Eurasia.” Further, on March 27, NBG and Save the Children held a financial literacy workshop for the youth in Kakheti region which was filled with fun and educational games. Moreover, on March 27, NBG invited pupils from Buckswood School at NBG’s Cash Center, where pupils learned about the creation, circulation and destruction of money, and took part in an interactive lecture about importance of saving and money management. In addition to the events organized by NBG, commercial banks and microfinance organizations also hosted different education activities. Interactive lectures were conducted, where the students discussed effective money management, savings, bank modelling, and daily financial operations. Drawing competitions were organized on this year’s GMW theme, Learn.Save.Earn. Finally, the National Youth and Children’s Palace celebrated international Aflatoun Day, to raise awareness about social and financial literacy.
Germany Leading organizations: FunnyMoney Participating organizations: 1 Adult Education Center, 2 Media Organizations, Börse Düsseldorf, Deutsche Gesellschaft für Finanzkompetenz, Fachhochschule Dortmund, Netzwerk Finanzkompetenz NRW, VHS Köln, WERTvoll macht Schule Number of children reached directly: 125 Number of people reached indirectly: 1,200 FunnyMoney Once again, FunnyMoney participated with a lot of enthusiasm! Prior to the Week, the organization promoted the GMW activities on a local radio station. During the Week, the activities started at the Düsseldorf Stock Exchange, where representatives talked about the demographic changes within Germany and how this can result in challenges for the current and future generations. Visits to schools and centers for adult education, where young adults were taught on skills needed to be financial stable, were organized. Together with the Network for Financial Competencies, FunnyMoney educated schoolteachers about using new media in schools to teach financial literacy. FunnyMoney hosted a live Instagram session to talk about the importance of financial values. The Week came to a close with a presentation at the University for Applied Science in Dortmund on Financial Psychology.
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Ghana Leading organizations: AIESEC Ghana, Jamilullah Farm Enterprise Participating organizations: 8 Schools, Access Bank Ghana, Ticheli Primary School Number of children reached directly: 884 Number of people reached indirectly: 2,050 AIESEC Ghana To celebrate GMW2019, AIESEC Ghana and its partners organized financial literacy awareness sessions, which were offered to children, youth and adults, on topics such as why money matters matter, investment, budgeting, and saving. During the Week, high-level discussions, seminars, and other educational sessions were organized, ensuring that young people across the country could engage in financial education, to learn about the impact saving has on individuals, societies and communities. Additionally, high school students had the opportunity to visit banks, to learn how the banking system works, the products that they offer, and the importance of saving at an early age. Jamilullah Farm Enterprise For this year’s Global Money Week celebrations, Jamilullah Farm Enterprise organized two workshops for students in rural communities in Northern Ghana. The workshops were aimed at educating the students on the importance of saving and strategies that could be used to develop effective saving habits. The topics discussed included earning money, making wise-spending decisions, importance of saving, and setting good saving goals and achieving them.
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Greece Leading organizations: Hellenic Bank Association (HBA) Participating organizations: Ministry of Education and Religious Affairs, Experiential School of Quality Net Foundatio, 39 Schools Number of children reached directly: 1,000 Number of people reached indirectly: 2,000 Hellenic Bank Association (HBA) The Hellenic Bank Association (HBA) participated for the 5th consecutive year in European Money Week by organizing various activities for students aged 10-15 years old. The second National Competition for the European Money Quiz was the main activity and was successfully completed on March 27. The competition was conducted online among 78 classes from 28 gymnasiums from Alexandroupoli, Athens, Chania, Galaxidi, Iraklion Crete, Ioannina, Karditsa, Kilkis, Larissa, Mytilene, Nafpaktos, Pyrgos Ilias, Rethymnon, Sikinos, Thessaloniki, and Tripoli. The winner was class C1 of Avgoulea-Linardatou Gymnasium in Athens, followed by class C5 of the same gymnasium and class A1 of Doukas School Gymnasium. The above classes not only answered all 15 questions of the competition correctly but also in the fastest time. HBA organized a special event for them at the premises of the Association with the presence of their parents and teachers.
competition and the interest they have shown in this initiative. The contribution of the relevant Directorate of the Ministry of Education and Religious Affairs for disseminating the competition throughout the country was also significant. Moreover, for the first time, HBA, by supporting Goal 8 of the UN Sustainable Development Goals (SDGs), has created educational material for students aged 10-12 years old, their teachers and parents, which are all available through the program EXPERIENTIAL SCHOOL of Quality Net Foundation. Students also had the opportunity to participate in a project in the Panhellenic Competition BRAVO SCHOOLS for the 17 SDGs, with 11 primary schools participating for 2019 with a project on Goal 8. HBA’s aim, through these initiatives, is to make financial education possible/accessible even in the most remote areas of Greece. Thus, the European Money Quiz dedicated website www.hba.gr/info/ emq and the Experiential School Program on SDGs website https://www.biomatiko.gr/axioprepisergasia-oikonomiki-anaptyxi will both remain active throughout the year so that the Games and the educational material can be accessed by all, students, teachers and parents.
The National Competition was only the first part of the joint initiative with the European Banking Federation concerning financial education programs for students aged 13-15 years old, as the winning class represented its school and Greece in the European Money Quiz Competition in Brussels on Tuesday 7 May 2019. HBA warmly thanks all the schools, students and teachers for their participation in the national Global Money Week Report 2019
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Guatemala Leading organizations: Banco de Guatemala Participating organizations: 12 Media Organizations, 149 Schools, 29 Libraries, Bac Credomatic, Banco Azteca, Banco de los Trabajadore, CHN, DIACO, Municipalidad de Guatemala, Escuela Bancaria de Guatemala, Fundación Emprende antes Empresarios Juveniles, Ministerio de Cultura y Deportes, Ministerio de Educació, Superintendencia de Bancos Number of children reached directly: 7,997 Number of people reached indirectly: 142 Banco de Guatemala This year, for GMW, The Central Bank of Guatemala, the Ministry of Education, Ministry of Culture and Sports, together with its partners, reached over 7,000 children and youth. The Week was opened with all the partners. The Ministry of Education organized a presentation on “Soccer Maya Game.” Throughout the Week, workshops and visits to the numismatic museum were organized. The workshops were aimed at teaching children how to manage their money and the importance of financial education. The workshops involved games, history lessons, and other activities. Additionally, conferences for students and teachers from high schools on financial education were organized. Mid-way through the Week, the Bank announced a challenge “The responsibility of Central Bank on the Economy of the City,” to teach children how to manage their money.
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Guinea-Bissau Leading organizations: Associação de Desenvolvimento de Povo para Povo - ADPP GB Participating organizations: 2 Media Organizations, 2 Schools Number of children reached directly: 209 Number of people reached indirectly: 1,764 Associação de Desenvolvimento de Povo para Povo - ADPP GB Global Money Week 2019 marks the first year that Guinea-Bissau participated in the international Campaign. Throughout the Week, the NGO ADPP Guiné-Bissau organized workshops in its Teacher Training and Vocational School, where they addressed various financial education themes, such as the importance of entrepreneurship and saving.
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Haiti Leading organizations: Crescat Participating organizations: Central Bank of Haiti, Group Croissance Number of children reached directly: 40 Number of people reached indirectly: Not reported Crescat Due to unforeseen circumstances in the country, Crescat was not able to conduct their original plans for Global Money Week 2019. They were incredibly innovative and gave 40 young people the opportunity to participate in the International Summit on Finance, organized by Group Croissance. It allowed the young people and other participants to learn about the history of Haitian money and discuss with representatives of banks and financial institutions what types of financial services they offered.
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Honduras Leading organizations: Junior Achievement Honduras, FICOHSA Participating organizations: 3 Media Organizations, CEB Juan Ramón Molina, CEB Monseñor Jacobo Cácere, CEB República de Guatemala, Citi Foundation, Comisión Nacional de Banca y Seguros (CNBS) Number of children reached directly: 730 Number of people reached indirectly: 72,509 Junior Achievement Honduras Throughout GMW2019, Junior Achievement Honduras and the National Commission of Banks and Insurances organized a workshop for female entrepreneurs, sponsored by Citi Foundation. The workshop covered topics such as the foundations of the economy, administration and accounting, making decisions in different areas of business, marketing, and strengthening one’s business. FICOHSA During the Week, Ficohsa hosted a workshop, where they trained and educated more than 700 children and youth aged 12 to 17, on subjects such as savings, personal finances, and household savings. The youth participated in different activities, where they could test their knowledge and abilities through educational games, such a building a Jenga tower, to simulate the act of balancing a household budget. The Financial Education version of the “100 Hondureños Dijeron” (100 Hondurans Said) game was played, where teams had to guess the most common responses to financial related question asked to 100 Hondurans. The goal of this game was to inform children of the perception and knowledge people had on this topic. The activity was followed by a lesson, where the children were taught key concepts of money management. The goal of Ficosha’s activities was to promote financial education amongst children, youth, and schools in general around Honduras, to foster good habits towards finances and savings from a young age. Global Money Week Report 2019
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Hungary Leading organizations: Ministry of Human Capacities, Ministry of Finance, Ministry for Innovation and Technology, Junior Achievement Hungary Money Compass Foundation (The Central Bank of Hungary), Hungarian Banking Association Participating organizations: 15 Media Organizations, 170 Financial Institutions, 429 High Schools, 899 Primary Schools, Budapest Bank Group, Budapest Stock Exchange Ltd., CIB Group/Bank of Intesa Sanpaolo Group, Cofidis Bank Ltd., Commerzbank, ERSTE Bank Hungary Ltd., EXIM Bank Ltd., FHB Group, Fundamenta Ltd., GRĂ NIT Bank Ltd., K&H Group, MagNet Bank Ltd., Magyar Cetelem Bank Ltd. BNP Paribas Personal Finance, University of PĂŠcs MKB Bank Ltd., Sperbank Ltd., Money Compass Foundation, OTP Bank Plc., Raiffeisen Bank Ltd., UniCredit Bank Hungary Ltd., University of Miskolc Number of children reached directly: 220,000 Number of people reached indirectly: 605,000 Ministry of Human Capacities Hungary celebrated the Week in order to encourage young people to handle their finances more consciously and to become more familiar with the way the economy and the financial world function. The Government tried to achieve this goal by organizing approximately 14,000 lessons on the subjects of finances and entrepreneurship for primary and secondary school children. The teachers of the schools were provided with the necessary materials to join the initiative. The teaching materials were developed by the teachers, with interactive methodological elements added for four different age groups (grades 3-4, 5-6, 7-8 and 9-11). The highlighted content of this year involved savings and investments. Over 700 representatives from different banks and enterprises volunteered. Aside from the lessons, other activities were also organized throughout the Week. This included an online Stock Exchange game and different contests and quizzes for different age groups. 76
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Iceland Leading organizations: Icelandic Financial Services Association Participating organizations: 100 Schools, Pension Fund National Associations Number of children reached directly: 4,000 Number of people reached indirectly: 12,000 Icelandic Financial Services Association Global Money Week 2019 in Iceland was once again led by the Icelandic Financial Services Association (SFF). Throughout the Week, the Association organized visits to schools, aiming to raise the financial literacy of children aged 13 to 15. This was done under their financial education project “Fjármálavit“ (“Financial Knowledge). Educational materials were distributed to teachers in classes, to ensure that financial education will also be taught during the year.
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India Leading organizations: Children International, SAHAY, MelJol, Noble Public School Rajsamand, Quilon Management Association (Qma) (Affiliated with All India Management Association(Aima)) Participating organizations: 67 Schools, Ami Amchi Arogya Sathi, Ashurali Gram Unayan Parishad, Baikunthapur Shishu Seva Kandra, Bani Mandir, Bengla Express, Child In Need Institute, Community Centre, Hazra, Kolkata, Community Centre, Jorashako, Kolkata, Community Centre, Raja Bazer, Kolkata, Economic Rural Development Society, Gramin Samasya MuktiTrust, Kalayan Bharati, Kollam District Cooperative Bank, Mukti Ananda Thirtha, National Bank for Agriculture and Rural Development (NABARD), Noble Senior Secondary School Falna, Prayatn Sanstha, RCBS news channel, Satya Bharati, Socio Legal Research and Training Centre, Sree Narayana Public School, Tarakeswar Maternity and Child Welfare Centre Number of children reached directly: 3,700 Number of people reached indirectly: 97,000 Children International, SAHAY Children International SAHAY, together with its partner, organized multiple events during GMW2019. Prior to the start of the Week, the organization encouraged the children to participate in the Global Money Week Countdown Challenge. During the Week, workshops on “Learn.Save.Earn”, a financial literacy camp, drawing competitions, and moneybox competition were organized. Additionally, Children International SAHAY participated by celebrated International Aflatoun Day. MelJol MelJol, and its partners, organized many different activities for children and youth in India for GMW2019. During the Week, children from different schools participated in poster making competitions, to generate awareness on the importance of savings. A Skype Call was organized with Aflatoun 78
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clubs in different countries. Additionally, Skype calls with children in different regions in India were also conducted. A debate competition was organized in different regions in the country. The children spoke about the importance of saving resources and money. The discussion highlighted that children should start discussions on their dependency on their parents, different ways of how they can save money, and how to start a child-friendly enterprise. Throughout the Week, surveys were conducted by Aflatoun Children, asking college students what their behavior is towards financing. SHG Groups conducted sessions with Aflatoun Children, to teach them about the benefits of saving and the processes female entrepreneurs go through to take out a loan. Finally, an Awareness Rally was organized, based on the GMW theme “Learn.Save.Earn”. The rally went through the entire city, to ensure that everyone was impacted. Quilon Management Association (Qma) (Affiliated with All India Management Association(Aima)) During GMW2019, the Quilon Management Association organized various events and activities. The celebrations included speeches by experts on finance and business, sessions on financial literacy, games on family budgeting, and a quiz on financial inclusion. The Week was opened in the presence of the President of School Management, the President and Secretary General of QMA, and the local CYFI representative. All activities were aimed at improving the financial capabilities of the younger generation to become better managers of their own money. Noble Public School Rajsamand At the Noble Public School in India, GMW2019 was opened by the Ombudsman, with the Financial Literacy Counsellor delivering a speech on the importance of money and financial literacy in life.
The event was attended by staff, parents, teachers, and, most importantly, students. Throughout the Week, sessions were conducted on different topics, such as needs and wants, smart ways to save money, the different bank accounts available, and financial planning. Additionally, bank visits and a quiz on financial budgeting were organized.
Indonesia Leading organizations: Allianz Indonesia CerdikMapan, GENBI Participating organizations: 2 Media Organizations, 5 Schools and Universities, Asian Development Bank, OJK, Tanamduit Number of children reached directly: 2,241 Number of people reached indirectly: 2,269 Allianz Indonesia During Global Money Week 2019, Allianz Indonesia, together with its partners, reached 2,111 children and youth, via visits to schools. Throughout the Week, financial literacy awareness sessions were offered to children, youth, and even adults. The sessions were on subjects such as saving and investing. Furthermore, high-level discussions and seminars were organized. CerdikMapan Together with Genbi, the Student Leadership Development Community, Cerdikmapan organized different activities for GMW2019. First, a financial inclusion incubation for children was organized. The incubation period started in November 2018 and was officially closed during GMW2019. The organization provided the materials for children to open savings accounts. The second event was an online class about financial literacy for youth in the digital era, focusing on the importance of money management for today and the future. The lesson was shared on the Cerdikmapan Youtube Channel. The final event was a tour through the Museum Bank Indonesia (MBI), to learn about the history of currency, banks and the financial system of Indonesia.
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Iran Leading organizations: Bank Melli Iran Participating organizations: 1,000 Schools, Museum of Bank Melli Number of children reached directly: 10,000 Number of people reached indirectly: 5,650,000 Bank Melli Iran Throughout Global Money Week 2019, Bank Melli along with partners reached out to school children and youth, by organizing visits to Museum of Bank Melli Iran. Financial literacy awareness sessions were offered to children, youth and adults. Additionally, high-level discussions, seminars, and other educational sessions were organized by the Bank’s Child Economy Department. Furthermore, visits from the Tehran Stock Exchange were organized. Finally, university students participated in the GMW Challenge on Instagram.
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Ireland Leading organizations: Money Advice & Budgeting Service (MABS) Participating organizations: Schools Number of children reached directly: 500 Number of people reached indirectly: 1,000 Money Advice & Budgeting Service (MABS) During GMW2019, Money Advisers from the Money Advice and Budgeting Service (MABS) provided money management education to schools, under the GMW theme “Learn.Save.Earn.�. Young people took part in activities that helped them to understand the difference between spending needs and wants, and how to make responsible spending choices. The exercises included learning about the cost of credit, creating a saving goal, and income maximization in age appropriate interactive case studies. Each student received a money advice fact sheet, spending diaries, and a Certificate of Participation after completing the class.
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Italy Leading organizations: Bank of Italy, Fondazione per l’Educazione Finanziaria e al Risparmio - FEduF, Labins Social Cooperative Participating organizations: 58 Schools, Ciofs FP Castellanza, Crèdit Agricole, IIS Aldini Valeriani, IIS Belluzzi Fioravanti, IIS Fratelli Taddia, IIS M. Bellisario,, Institute of Higher Education “Carlo Ignazio Giulio” (Metropolitan City of Turin), Institute of Higher Education “Giovanni Giolitti” (Metropolitan City of Turin), Institute of Higher Education “Sebastiano Grandis” (Province of Cuneo), IPS Velso Mucci, Ist Capirola, Istituto Orio Vergani, Istituto Tecnico Oriani, IT Mattei, ITE Melloni, Liceo Bertolucci, Liceo Carlo Tenca, Liceo G. Giolitti - G.B. Gandino, Liceo Marconi, UBI Banca, UNIPOL Banca Number of children reached directly: 3,815 Number of people reached indirectly: 7,821 Bank of Italy GMW2019 was celebrated in Italy, with games on financial education and finance-themed film screenings, organized by Banca d’Italia. Financial literacy awareness sessions were offered for children, which included sessions on the functioning of central banks, basic concepts on economics, and tips on behavioral skills that affect our decisions on spending and saving. Two games were played during this event, namely a popular Italian card game,”Mercante in Fiera” (“The Merchant at the Market Fair”), where players try to win as many cards as possible by answering questions regarding their financial competence, and ‘The Imaginary Friend’ game, in which children created a hypothetical budget for an imaginary character, thus learning about the difference between needs and wants. Book vouchers were awarded to the winners, in addition to goody bags, containing educational gadgets and material on financial education.
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Additionally, finance-themed film screenings were organized, including “It’s a Wonderful Life” (Frank Capra, 1946) and “The Big Short” (Adam McKay, 2015). All the movies were followed by discussions led by economist. Labins Social Cooperative Throughout GMW2019, Labins S.C., together with their partners, reached over 200 children and youth directly, through financial literacy and saving activities. The activities offered included research seminars on the GMW theme, “Learn.Save.Earn.”, and savings, singing, and photo competitions. Students were given ten weeks, prior to the start of GMW, to create their own classroom savings group and to save as much money as they could. The winners were awarded to the “Golden Savings Group”. The students, furthermore, participate in two research competitions, namely “10 Ways to Save €1” and “The World Map of Savings Groups”. The objective of the competitions was to help students save money and to learn how savings groups work all around the world. Fondazione per l’Educazione Finanziaria e al Risparmio - FEduF Throughout Global Money Week 2019, the Financial Education Foundation, along with its partners, reached more than 1,200 children and youth through their numerous events and activities. Two performances were organized, one on money management and the other on behavioral finance. The Foundation additionally organized Financial Education Days, on topics such as money management, gambling, saving, digital payments, and mobile wallets. Finally, in order to reach schools all over Italy, a financial education quiz was offered online.
Jamaica Leading organizations: Financial Services Commission Jamaica Participating organizations: Consumer Affairs Commission, Insurance Association, Jamaica Deposit Insurance Corporation, Jamaica Stock Exchange, Junior Achievement Jamaica Number of children reached directly: 400 Number of people reached indirectly: 220,000 Financial Services Commission Jamaica Throughout Global Money Week 2019, the Financial Services Commission partnered with Jamaica Stock Exchange, the Jamaica Deposit Insurance Corporation, Junior Achievement Jamaica, the Insurance Association of Jamaica, and the Consumer Affairs Commission, to teach high school students across the country on financial literacy, planning for retirement, and creating wealth for the future. Events organized included speaking engagements and financial fairs. Furthermore, radio time was dedicated to disseminate financial tips to youth. The activities were shared online through social media platforms.
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Japan Leading organizations: Buntetsu Museum of Bank Notes and Coins Participating organizations: Schools Number of children reached directly: 2,044 Number of people reached indirectly: Not reported Buntetsu Museum of Bank Notes and Coins To celebrate Global Money Week 2019, the Buntestu Museum of Bank Notes and Coins published a banner and a link to the GMW website on all its social media pages, to ensure that Global Money Week was shared as widely as possible. Furthermore, a quarterly public relations magazine “Museum News�, with news about GMW, was published during the Week.
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Jordan Leading organizations: Children’s Museum Jordan, Little Savers Participating organizations: 360 Moms, Jordan River Foundation, Kidoz Time Newspaper Number of children reached directly: 1,097 Number of people reached indirectly: 1,183
Little Savers Little Savers, together with the Children Museum, organized multiple activities, including 2 interactive workshops for children and one awareness session for their parents. The first workshop was targeted to children aged 6-8 years old, titled “Let’s Count, Let’s Play”, which was aimed at explaining different ways money can be used and learning how to recognize Jordanian currency, namely by shape, color and the size of bills and coins. The second workshop was targeted to children aged 9-12 years old, titled “Needs and Wants”. This session aimed to teach the children the differences between needs and wants, by using interactive activities and identifying saving goals. In addition to the activities in the Children Museum, Little Savers held a Facebook Live Session on the 360Moms platform, to raise awareness on financial literacy for children, including tips on how to raise money-smart children. Additionally, an article was published in Kidoz Times Newspaper, which focuses on the importance of financial education for children. Children’s Museum Jordan GMW2019 marked the first year that the Children’s Museum led activities for children and youth in Jordan. With the program organized, the Museum aimed to enhance the financial literacy of children aged 4 to 12 years old, through activities and workshops, organized in collaboration with its partners. During the activities, children had the opportunity to make wallets and piggy banks, with the aim for them to learn about saving, spending and sharing. Additionally, they played board games, like Monopoly, to develop their money management skills. Parents were also invited to participate in an awareness raising workshop, to learn practical steps needed to teach their children important financial skills.
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Kazakhstan Leading organizations: Kazakhstan Stock Exchange (KASE), University of Central Asia SPCE Participating organizations: Almaty Management University, IITU, Kazakh National University Al-Farab, Mep University, Professional Lyceum 17, Tekeli, School of Professional and Continuing Education of University of Central Asia, Tekeli., University Narxoz Number of children reached directly: 300 Number of people reached indirectly: 815 Kazakhstan Stock Exchange (KASE) The Kazakhstan Stock Exchange (KASE) conducted its student project “Stock Exchange Simulator” game to celebrate Global Money Week 2019. The Week was opened at the International IT University, organized by the Stock Exchange. The project has taken place for 11 years, and 2019 was the first time that it took place during GMW. The purpose of the Exchange Simulator is to increase the financial literacy of young professionals, and to obtain practical skills to operate in the stock market. KASA managed to raise students’ interest in finance and economics, as well as their knowledge on the stock exchange environment, in conditions resembling the real-life financial market. The Simulator is a free of charge activity, conducted in the TTS (training trading system), where students had to trade liquid market shares of Kazakh companies. The project has been offered to other countries as well, including Turkey, the UK, and countries in South-East Asia. University of Central Asia SPCE For this year’s GMW, the University conducted sessions different topics, including the importance of financial skills for life, money management, living independently, tackling debt, enterprising experience, and the importance of financial literacy. Interactive games on “Money and Finance” were organized during the Week. Multiple sessions of “Practical Money Skills” were conducted for 86
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schoolchildren grade 7 to 10, who are studying in the academic achievement program at the University. College students took part in 2-hour sessions on saving and investing, where the students were taught how to make effective and informed money management decisions. Furthermore, a handicraft competition was organized, where students were asked to make things from seemingly useless materials, to make them useful. The winners were awarded prizes and a GMW certificate. The students were also able to participate in quizzes and drawing contests throughout the Week.
Kenya Leading organizations: Care International Kenya, Inuka Direct, Kenya Women MicroFinance bank, Monture Africa Ltd, Pesa Savvy Limited, Postbank Kenya Participating organizations: 1 Financial Institution, 84 Schools, Action for Children Development Trust, Central Bank of Kenya, Embakasi Girls High School, Fantasy Soccer Academy, Hope World Wide Kenya, Junior Achievement Kenya, Kenya Bankers Association, Neighbors Initiative Alliance, Oloolaiser Boys High School, The Kenya High School, The Kibabii Academy Number of children reached directly: 10,641 Number of people reached indirectly: 11,955
Pesa Savvy Limited Prior to Global Money Week 2019, Pesa Savvy organized an essay writing competition to raise awareness on the state of sports betting and gambling among youth in Kenya. During the Week, the organization hosted games and a financial literacy workshop, during which the winners of the competition were announced and awarded. The games highlighted Learning about money, Saving, and Earning money. Postbank Kenya Postbank Kenya officially launched their GMW celebrations at the Nairobi Technical Training Institute. Throughout the Week, representatives from the bank conducted financial literacy sessions in high schools and campuses. Furthermore, essay writing competitions and branch competitions were organized. The students wrote essays on different creative ways to earn money for themselves and their families. In institutes of higher learner, students were asked to mobilize their fellow students to start saving at the bank. Kenya Women MicroFinance bank Kenya Women Microfinance Bank (KWFT) held a job shadow event for high school students. The day started with an icebreaking activity, where trivia questions were asked on money matters, current affairs and general knowledge. After this, a presentation was held on the KWFT, giving the students an overview of the Bank’s business and success. The job shadow begun with a session conducted by the Bank Directors, teaching the students on topics as earning, saving and spending. The job shadow activity itself was organized in ten different departments, allowing the students to receive a hands-on experience by carrying out tasks under the guidance of the bank staff. The day ended with a recap and roleplay session, where the students got a chance to role play as the heads of the
various departments that they visited. The bank representatives offered a case study on new market entry for the bank in a foreign country. The students were asked to propose strategies on the market entry, based on the knowledge they gained from the previous activities. Inuka Direct Inuka Direct, together with the Fantasy Soccer Academy, delivered 90-minute sessions on budgeting and savings. In the first half of the sessions, the participants took part in the “GMWHangout�, where they were challenged to create a budget and were asked to prepare a consumption map, to understand the impact of their spending behaviors, not just for themselves, but also for their families, schools and communities. The second half of the sessions consisted of football matches, where the children learned about budgeting and banking. This enabled them to understand the decisions they make with their money. Monture Africa Ltd Throughout Global Money Week 2019, Monture Africa, along with its partners, organized visits to primary schools. During the Week, financial literacy awareness sessions were offered to children, youth, and adults. The sessions included, but were not limited to, essay writing and drawing competitions. Care International Kenya Care International in Kenya, working with Hope Worlwide Kenya and Neighbors Initiative Alliance, trained 474 adolescents in 19 schools across Kajiado and Mukuru in Financial Literacy. The training entailed aspects of savings, budgeting, and borrowing. The adolescents learned about different ways of savings and received information about formal financial institutions, where they were able to open formal savings accounts.
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Kosovo Leading organizations: Central Bank of the Republic of Kosovo, Kosovo Banking Association Participating organizations: 16 Schools, 8 Municipalities, AAB University-Prishtina, Bank for Business (BPB), Commercial Banks, EFSE, Faik Konica, Ministry of Education, Science & Technology of Kosovo, Naim Frashëri, SECO, University of Applied Sciences in Ferizaj (UASF), University of Mitrovica, University of Prishtina, WBG Number of children reached directly: 2,200 Number of people reached indirectly: 130,000 Central Bank of the Republic of Kosovo This year’s GMW was launched by the Central Bank of the Republic of Kosovo (CBK). During the event, the CBK and the Ministry of Education, Science and Technology, signed an MOU, based on which the CBK will distribute financial education materials to all Kosovo schools, to ensure that Kosovo students will have the chance to get acquainted with educational economic-financial concepts. Additionally, during this event, three financial education projects were launched supported by EFSE, World Bank Group and SECO. With the support of the European Fund for Southeast Europe “EFSE”, the CBK will implement the “Improving the banking market transparency, by building the platform for comparing interest rates of banks” project. This platform will allow citizens to make financial decisions based on complete and clear information, disclosed on a unified platform for all banks. With the support of the World Bank and the Switzerland’s State Secretariat for Economic Affairs (SECO), the CBK designed the “Greenback Project”, targeting remittances as a very important category of revenues in Kosovo, increasing awareness of senders and recipients, so that the destination of this 88
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revenue’s category can be transformed from consumption to investment. The ceremony continued with awards for the winners of the “Learn.Save.Earn” competition. The aim of the contest was to allow primary school students to get creative, while learning about concepts such as money management and entrepreneurship. Throughout the Week, lectures were organized in universities, where representatives of the CBK taught about different economic and financial topics. Furthermore, elementary school students were taught on personal finances and participated in a workshop to highlight their skills and knowledge of money management. Kosovo Banking Association The Kosovo Banking Association participated in GMW2019, by organizing financial and educational activities on the topic of Learn.Save.Earn. The Association distributed packages with educational materials in eight municipalities in Kosovo. In these municipalities, different primary schools were selected and fourth and fifth grade students were taught how to use the educational materials. The children engaged in activities to learn more about finances, including savings, money management, personal finance management, and much more. The activities were supported and funded by commercial banks, which aim to strengthen society through financial education. The Association had prepared guidelines for teachers in order to implement the educational package. The students learned how to work with saving books, in which they had to express their ideas about the importance of money management, their saving plans, and money management for the future.
Kuwait Leading organizations: Kuwait International Bank (KIB) Participating organizations: 2 Schools Number of children reached directly: 60 Number of people reached indirectly: 1,100 Kuwait International Bank (KIB) As part of GMW2019, Kuwait International Bank (KIB) organized a series of activities to promote the financial and economic culture across the local community. During the Week, the Bank organized local school visits to spread financial literacy via educational seminars and workshops. The multichannel campaign also involved a social media awareness campaign, which ran throughout GMW. Additionally, KIB’s education-focused campaign included the distribution of a financial literacy booklet, introducing people to important financial topics such as saving, investing, and budgeting.
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Kyrgyzstan Leading organizations: FINCA Bank Kyrgyzstan; University of Central Asia, School of Professional and Continuing Education Participating organizations: 3 Governments, 31 Schools, Bank “Bai Tushum”, Naryn, First Microcredit Company, Naryn, Kyrgyz Investment and Credit Bank, Bishkek, Kyrgyz Investment and Credit Bank, Naryn, National Bank of Kyrgyzstan, Bishkek, USAID project Coordinator Zalkar Kamalov; Liubov Shevchenko, Consultant-Financial Analyst SPCE UCA Number of children reached directly: 2,295 Number of people reached indirectly: 1,030 FINCA Bank Kyrgyzstan To celebrate GMW2019, FINCA Bank Kyrgyzstan organized webinars prior to the Week, to support their partner organizations, institutions and individuals, who were organizing GMW activities and events during the Week itself. During the Week, the Bank organized prep talks. University of Central Asia, School of Professional and Continuing Education The celebrations organized by the University of Central Asia SPCE continued past the Week itself. During the Week, presentations on family budgeting, saving money, and bank services were held. Furthermore, the educational game “Money Management” was played, to teach students how to lead businesses, build wealth, and minimize debt. Additionally, the students visited the Kyrgyz Investment Credit Bank, to receive a first-hand experience of what happens in the bank, what products the bank offers, and to learn about the history of the Kyrgyz currency. The winners of the essay competition “If I were an entrepreneur, which business would I own” and the drawing competition “My Money Tree with Dreams” were announced during the Week.
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The celebrations continued after the Week ended with financial literacy lectures, presentations by representatives of the KCIB Bank, discussions on national currency, security features, and exchanging damaged banknotes. Furthermore, board game playing sessions and drawing competitions were also organized.
Latvia Leading organizations: Finance Latvia Association, Latvian Trade Union of Education and Science Employees (LIZDA), Junior Achievement Latvia Participating organizations: Schools Number of children reached directly: 1,000 Number of people reached indirectly: Not reported Finance Latvia Association To celebrate Global Money Week and European Money Week, Finance Latvia Association, Latvian Trade Union of Education and Science Employees (LIZDA), and Junior Achievement Latvija organized the national competition European Money Week, for over 1,000 students in the country.
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Lebanon Leading organizations: Bank Audi, Positive Planet International Participating organizations: 70 Schools, Association for the Development of Rural Capacities (ADR), Beirut Baptist School, Digital Opportunity Trust (DOT), FIWI, Institut Des Finances, Lebanese League for Women in Business (LLWB), Lebanese Microfinance Association, Ministry of Education and Higher Education, NCR, UN-Global Compact Network Lebanon (GCNL), UNICEF Number of children reached directly: 1,158 Number of people reached indirectly: 12,582 Bank Audi For the 5th consecutive year, Bank Audi celebrated Global Money Week, by hosting students at the Bank’s headquarters. In collaboration with the Ministry of Education and Higher Education, GMW was celebrated in various regions of the country, and continued into the following week. Over 1,000 students attended a series of interactive presentations on the theme Learn.Save.Earn. Through lectures, older students were introduced to banks, corporate social responsibility, the Sustainable Development Goals, career identification, microfinance, digital banking, entrepreneurship, taxes, and innovative thinking. Many different corporations, including Association for the Development of Rural Capacities (ADR), Digital Opportunity Trust (DOT), Lebanese League for Women in Business (LLWB), NCR, UN-Global Compact Network Lebanon (GCNL), UNICEF, Institut Des Finances and FIWI, participated in GMW, by sharing their knowledge, to economically equip young people and reduce inequality gaps. Additionally, Bank Audi representatives spread their knowledge and experience by implementing the “More Than Money” module in 7 public schools. 92
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Positive Planet International In Lebanon, Positive Planet International and the Lebanese Microfinance Association organized a training session for teenagers for GMW2019, to teach them how they can more efficiently manage their money. During the session, students identified their objectives for the coming five years, as well as possible ways to achieve these goals.
Lesotho Leading organizations: Central Bank of Lesotho Participating organizations: Alliance Assurance, Econet, First National Bank Lesotho, Lesotho National Insurance Group, Lesotho Postbank, Letshego, Liberty Life, Metropolitan Lesotho, Ministry of Education and Training, Ministry of Finance, Nedbank Lesotho, Pension Fund, Standard Lesotho Bank, Stanlib, Tholoana Ea Lerato, Vodacom Lesotho Number of children reached directly: 1,750 Number of people reached indirectly: 26,000 Central Bank of Lesotho In Lesotho, GMW was celebrated in conjunction with Money Month, with 2019 marking the first year that the campaign was extended to a month. Many different seminars were organized for various groups and sections of society. These groups include factors and union workers, people with disabilities, women’s associations, public servants, business community, national assembly members, senators, high court and court of appeal judges, and senior government officials. Additionally, high school competitions on the GMW slogan “Learn.Save.Earn” were organized. These events involved competitions on music impromptu speeches and poetry. Piggy banks were given to over 200 kindergarten school children. Furthermore, an exhibition was held, and volleyball, soccer and netball tournaments were organized for out of school youths. Radio and television programs were aired on various national stations.
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Liberia Leading organizations: Liberia Rural Children Psychosocial Development Organization Participating organizations: Global Youth Service Day, Kids for Peace Number of children reached directly: 74 Number of people reached indirectly: Not reported Liberia Rural Children Psychosocial Development Organization The Liberia Rural Children Psychosocial Development Organization (LIRCPSDO) Inc. celebrated not only Global Money Week 2019, but also Aflatoun International Day. The event was attended by children, youth, community leaders, volunteers, as well as the affiliating partner members, including Kids for Peace and Global Youth Service Day. The children and youth walked through the streets with placards, containing advocacy and education messages on money matters. The goal of the activities was to teach young people on banking, savings, budgeting, while also encouraging them to open their own business. Community leaders were taught about the importance of including young people in money matters. Educational sessions on money and behavioral changes were facilitated by youth volunteers. Children could ask questions, which allowed the sessions to be interactive and educative. Over 70 children were reached because of the activities.
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Libya Leading organizations: Central Bank of Libya, The Ministry of Education Participating organizations: 22 media organizations, 250 schools, Afriqiyah company, Almadar Aljadid company, Audit Bureau, Dernas Organization for Children and Women, General Authority for Women and Children, General Commissioner for Scouts and Guides (scouts of Libya), Higher collage for
Administrative and Financial careers(Compote, Benghazi), Higher collage overall Occupations (Alkafra, Derna, Tobruk, (،Ajdabiya , Albayda, Almarj, Salowq, Altmemy, Amusaid, JS Libyan Red Crescent, Katoa, Libyan Airlines company, Libyana Mobile Phone company, Magazine Habaka, National Commission for Education, Culture and Science, Social Solidarity Fund, University of Ajdabiya, University of ben Ali Alsnaosyproject, University of Benghazi, University of Omar Al Mukhtar, University of Tobruk Number of children reached directly: 2,500 Number of people reached indirectly: 1,850 Central Bank of Libya Once again, the Central Bank and the Ministry of Education in Libya festively celebrated Global Money Week 2019. The Week was opened by the Minister of Education, honoring students and teachers who participated in the project, “Save it Today, Receive it Tomorrow”, focusing on the promotion of financial education and financial inclusion for children and youth within the country. Other attendants were government representatives, parents, and representatives of civil society institutions. In line with the project, a poetry contest was organized. The Central Bank organized a Smart Festival, where children could learn about money matters, take photos, and receive gifts from the Bank during five days of the Week. Additionally, an entrepreneurial program was organized for kindergarteners, to teach children and youth about the importance of saving, planning and making budgets. The children learned how to balance their income, no matter how small the expenses, learning about important life skills like communication, respect for others and their differences, and solving scientific problems through logical thinking.
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Liechtenstein Leading organizations: Liechtenstein Bankers Association Participating organizations: Hand in Hand Anstalt Advisory Board, Schools Number of children reached directly: Not reported Number of people reached indirectly: Not reported Liechtenstein Bankers Association The Liechtenstein Bankers Association (LBV) and its member banks, as well as the Hand in Hand Anstalt Advisory Board, participated in Global Money Week and European Money Week by teaching children and young people how to handle money. To counteract the indebtedness of young people, LBV believes early prevention is of great importance. Providing young people with financial knowledge promotes the responsible use of money and thus helps to avoid debt. Students aged 14 to 18 participated in a financial skills workshop. Experts from the LBV and its member banks, the Hand in Hand Institutes and Caritas Liechtenstein provided children with information on debt prevention and budget planning. Young people learned about the topics of budget, debt traps, types of account, and payment transactions, as well as financing options.
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Lithuania Leading organizations: Bank of Lithuania Participating organizations: Lietuvos laisvosios Rinkos institutas, Vilniaus Gedimino Technikos universitetas Number of children reached directly: 140 Number of people reached indirectly: Not reported Bank of Lithuania The Bank of Lithuania once again participated in Global Money Week. This year, it organized two online contests. The first was the National Exam on Economics, and the second was the Contest on Financing. All activities were shared on social media.
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Luxembourg Leading organizations: The Luxembourg Bankers’ Association (ABBL) Participating organizations: Chamber of Commerce, Childhood and Youth, European Banking Federation, The Ministry of National Education Number of children reached directly: 1,100 Number of people reached indirectly: Not reported The Luxembourg Bankers’ Association (ABBL) Global Money Week and European Money Week are celebrated in Luxembourg in conjunction with the Luxembourg Money Week, titled “Woch vun de Suen”. This initiative aims to teach children in primary education the basic rules of responsible money management. Understanding the value of money, allows young people aged 10 to 12 to better manage their money and save, thus raising awareness of the importance of budget control for their future. The Association deems it essential to introduce financial literacy from an early age, in order to make children attentive to thoughtful and responsible consumption. Thanks to the commitment of the volunteers, the students were able to benefit from a playful two-hour animation. The initiatives were organized by the ABBL Foundation for Financial Education with the support of the Chamber of Commerce. The “Woch vun de Suen” has the support of the Ministry of National Education, Childhood and Youth.
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Madagascar Leading organizations: Satisf’ation Consulting Participating organizations: 2 Schools, Anjara Mbolatiana, Haingo Randriamiharisoa Number of children reached directly: 197 Number of people reached indirectly: 529 Satisf’ation Consulting Satisf’ation Consulting hosted financial education sessions for children, youth and school teachers during GMW2019. The sessions were aimed at teaching people the importance of adopting different behaviors towards money management.
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Malawi Leading organizations: Hope for Relief, Opportunity International Malawi, Reserve Bank of Malawi Participating organizations: 2 Financial Institutions, 2 Schools, Bankers Association of Malawi, Creditdata, DMI University, Dzaleka Community Youth Under Plan Malawi, Kasungu Teachers Training College, Kazomba Community Day Secondary School, Lilongwe Teachers Training College, Luso Lathu Community Based Organisation., Malawi Stock Exchange, Matipula Private Secondary School, Mdzobwe Community Day Secondary School, Ministry of Education, Science and Technology, Mnjiri Community Day Secondary School, Mphanje Private Secondary School, Namitete Secondary School, Nazarene Mission Secondary School, Phalombe Secondary School, Transunion, Yethu Radio-Dzaleka Refugees Camp Number of children reached directly: 2,944 Number of people reached indirectly: 225,325 Reserve Bank of Malawi The Reserve Bank of Malawi celebrated Global Money Week 2019, which has been celebrated in the country since 2013, under the theme “Learn.Save. Earn�. This year, the Bank was joined by the Ministry of Education, Science and Technology (MOEST), Malawi Stock Exchange (MSE), Bankers Association of Malawi (BAM), and Transunion Credit Reference Bureau (representing Credit Reference Bureaus in Malawi). The awareness activities organized for students included visits to the Bank, visits to the Malawi Stock Exchange, and visits to other financial institutions and local banks. Awareness sessions were also conducted through visits to teacher training colleges and secondary schools. Media organizations covered the events, to ensure that students, children and youth across the country could engage in the celebrations. Additionally, the Bank continued its commitment to implement 100
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financial literacy initiatives for all people in the country. Hope for Relief Hope for Relief organized visits to banks for students from different schools. The activities were aimed at teaching children the value of money, how to save, and how to take proper care of your finances. Opportunity International Malawi Opportunity International Malawi organized multiple events for Global Money Week 2019, including quizzes, financial literacy meetings, visits to commercial banks, and a football match. The goal of each activity was to highlight the importance of saving, earning and learning, in line with the GMW theme of this year. All activities were organized at the Dzaleka refugee camp, to ensure that the children in these camps learn about Global Money Week. They were excited to learn about GMW and visit the different banks. 5,000 people were reached indirectly, through radio advertisement, broadcasted by radios in refugee camps
Malaysia Leading organizations: Allianz Life Insurance Malaysia Berhad, World Assembly of Youth (WAY) Participating organizations: 140 National Youth Councils, Persatuan Kebajikan Harapan Selesa Kuala Lumpur Dan Selangor, SK Bandar Tun Razak 2, Yayasan Chow Kit Number of children reached directly: 324 Number of people reached indirectly: 62,000 World Assembly of Youth (WAY) World Assembly of Youth (WAY) has participated in GMW since 2015, as they realized the necessity of raising awareness of the significance of financial education and independence of children and youth early on. Once again, WAY sought to teach young people about the importance of creating livelihoods, gaining employment, and even starting their own enterprises, via press releases and sharing ideas and tips on their social media pages. Allianz Life Insurance Malaysia Berhad Allianz Malaysia dedicated the entire month of March to celebrate Global Money Week. In line with this year’s theme, “Learn.Save.Earn”, the Financial Literacy Program was conducted. During the program, students participated in a quiz to test their financial knowledge. After the quiz, they were given lessons on the differences between needs and wants, recognizing the tools used in advertisements, and the different criteria that influence consumers’ buying habits. The Company also organized an excursion to the Bank Negara Malaysia Museum and Art Gallery. In the Museum, the children learned how to make bank notes and toured through the Gallery’s Numismatic, Temporary, Economic and Islamic Finance sections.
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Maldives Leading organizations: Maldives Monetary Authority Participating organizations: 250 Schools, Allied Insurance Company of the Maldives Pvt Ltd, Amana Takaful (Maldives) Plc, Bank of Ceylon, Bank of Maldives Plc, Capital Market Development Authority, Ceylinco Insurance Company Pvt Ltd, Commercial Bank of Maldives, Dhivehi Bahuge Academy (Dhivehi Language Academy), Dhivehi Insurance Company Private Limited, Dhivehi Raajjeyge Gulhun Public Limited, Habib Bank Limited, Hong Kong Shanghai Banking Corporation, Housing Development Finance Corporation, Maldives Finance Leasing Company, Maldives Islamic Bank, Maldives Pension Administration Office, Mauritius Commercial Bank, Ministry of Economic Development, Ministry of Education, Ooredoo Maldives Plc, Solarelle Insurance Private Limited, State Bank of India Number of children reached directly: 4,200 Number of people reached indirectly: 35,400 Maldives Monetary Authority Throughout GMW2019, Maldives Monetary Authority (MMA), along with partner institutions, organized numerous activities to create awareness for the financial sector and to educate children and youth about money matters. A GMW themed video, with the slogan “Learn.Save. Earn” was released during the inaugural event. Other activities that were carried out included a financial tour, where school students were given a tour of commercial banks, insurance companies, and pension offices. To include the majority of people living in the islands, a financial webinar was held for the first time. The webinar was hosted by the MMA, and students from three regions of the country joined. The webinar provided information on key financial areas such as monetary policy and research, payment systems, and Islamic finance. 102
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In an effort to reach out to the younger generation and educate them on saving, budgeting, and money matters, the MMA organized finance-themed art competitions in schools. The art made during the competition will be used in different MMA awareness programs. A finance fair was held in different schools to inspire students to learn about money matters, livelihoods and entrepreneurship. During the event, children took on the role of entrepreneur, which allowed them to learn about basic business concepts. Finally, a Youth Entrepreneurs’ Forum was held where participants were able to engage and learn from well-established entrepreneurs and be inspired by their success story.
Mali Leading organizations: Ministère de la Jeunesse, de l’Emploi et de la Construction Citoyenne Participating organizations: 3 Media Organizations, ACEFOR, ADEJ, ANPE, APEJ, CNJ, DNJ, FAFPA, FAO, FIER, Ministère du Développement Industriel et de la Promotion des Investissements, PROCEJ, PROFIL-Mali Number of children reached directly: 200 Number of people reached indirectly: 129,885 Ministère de la Jeunesse, de l’Emploi et de la Construction Citoyenne To celebrate GMW2019, the Ministry of Youth, Employment and Citizenship in Mali festively opened the Week, and provided transport to youth, to ensure that they were able to attend the event. Prior to the Week, a Facebook link was created and published, guaranteeing that the public knew about GMW. During the Week, signatures were collected to demonstrate the interest in the awareness Campaign. Throughout the Week, youth were educated in workshops on money management and the different ways of acquiring money.
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Malta Leading organizations: Department of Curriculum, Lifelong Learning and Employability, Directorate for Learning and Assessment Programmes Participating organizations: 20 Schools, Finance Malta, Global Payments Limited, Home Economics Seminar Centre (HESC), Malta Bankers’ Association, The Central Bank of Malta, The Institute of Financial Services Malta Number of children reached directly: 283 Number of people reached indirectly: 2,580 Department of Curriculum, Lifelong Learning and Employability, Directorate for Learning and Assessment Programmes To celebrate both GMW and EMW, the Directorate for Learning and Assessment Programmes (DLAP) within the Department for Curriculum and Lifelong Learning and Employability (DCLE), and the Ministry for Education and Employability (MEDE) coordinated a number of activities, in collaboration with their partners. The celebrations were officially launched at St. Ignatius College. Prior to the launch, students had participated in the Financial Literacy Challenge. The winners were announced during the launch. A training seminar was offered to Home Economic teachers, to equip them with skills, knowledge and competences in financial related topics. At the Home Economics Seminar Centre, the ‘Money Matters’ program was offered to year 6 students. The ‘Be Wise Pay Smart’ program was offered to year 10 students in two local banks, which included an interactive exploration on the use of ATM’s and EPOS terminals. This year, the program included an innovative event to raise awareness on cybersecurity and online payments amongst students.
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Mauritania Leading organizations: AFE Agir en Faveur de l’Environnement, La Protection de l’enfant et de la famille Mauritania Participating organizations: 25 Schools, 450 NGOs and Civil Society Members Number of children reached directly: 3,456 Number of people reached indirectly: 9,000 AFE Agir en Faveur de l’Environnement The environmental NGO Act in Favor of the Environment (AFE) and its partners reached over 9,000 people during Global Money Week 2019. Outreach programs on financial education and school visits were organized for children, young people and adults.
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Mauritius Leading organizations: Junior Achievement Mascareignes Participating organizations: Beau Séjour Government School, Cote D’Or Training Centre, Future Hope Association, Knowledge Based Training Centre, La Tour Koenig Training Centre, Les Guides de Dubreuil, Mahatma Gandhi Secondary School Nouvelle France, Mahebourg Training Centre, Maison Familiale Rurale de la Savanne, Professor Upadhyaya Training Centre, School of Information, Technology, Electronics and Communication, Sir Kher Jagatsingh Training Centre, Sir Rampersad Neerunjun Training Centre, Small and Medium Enterprise Mauritius Ltd, Vent d’un Reve Number of children reached directly: 300 Number of people reached indirectly: 15,000 Junior Achievement Mascareignes During Global Money Week 2019, Junior Achievement Mascareignes, in collaboration with its partners, organized various events and activities for children and youth in Mauritius. Financial literacy awareness activities were offered, including interactive talks on money management, family budgeting, saving tips, ways of spending wisely, and entrepreneurship. Additionally, discussions, workshops, and other educational sessions were organized in schools and training centers. A Money Box Challenge was conducted, to inspire children to start saving. Throughout the Week, educational videos on financial literacy subjects were posted to social media on a daily basis, to reach as many children as possible. JA Mascareignes also spoke about the GMW2019 initiatives and activities on a live radio program. This provided an opportunity to invite the public to the closing event. This event was held in a shopping mall, and compromised of a Giant Gameboard on money management, musical 106
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presentations, and parades by children. All activities were aimed at raising awareness on financial education. Furthermore, visitors were invited to share their views on money and why it is important to earn and save money. The younger audience was able to participate in drawing competitions on the themes “How to Save Money”, “My Money Tree”, and “My Business Idea”.
Mexico Leading organizations: Bolsa Institucional de Valores (BIVA), Citibanamex, Erikson School, MIDE (Museo Interactivo de Economía), Pequeño Cerdo Capitalista (“The Small Capitalist Pig “), Ediciones SM Participating organizations: 12 Schools, 4 Media Organizations, 6 Universities, 8 Financial Institutions, Alamor, Automotive Care Center, Banco Azteca, Banco Del Bajío, Bio Lacta Expertos En Lactancia, Bradesco, Casa Logaci, Colegio Arturo Rosenblueth, Colegio Félix de Jesús Rougier, Colegio José María La Fragua, Colegio Motolinía, Colegio México Emprende, Colegio Oxford, Colegio Vicente Guerrero, Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (CONDUSEF), Copase, Ebcenter Incubacion & Aceleración, Escuelas La Salle, Fashion Starup Lab, Imacop Tur Corporation, Inyecciones Plásticas De Querétaro Sa. De Cv., JA México, Mary Kay, Molex, Oviedo Schontal, Red Incuba, Red Niños, Santana Eventos, Universidad De Guadlajara, Zoltec Number of children reached directly: 7,139 Number of people reached indirectly: 30,093 Citibanamex For this year’s GMW, Citibanamex, together with its partners, organized the “Financial Park”, a financial educational program, which introduces financial planning to children and youth. The simulation was conducted in order to give children the opportunity to understand the essentials of financing and how to budget for different everyday situations. Furthermore, workshops and conferences where organized and offered at a national level. A theater play titled “#YoEmprendo” was performed for the children. The play not only aimed at teaching children about saving, but it also focused on the importance of social entrepreneurship, told via a story where the different characters’ behavior affected the
accomplishment of their goal. The show focused on creativity, innovation, planning, team work, confidence and tenacity in different daily life situations. Throughout the Week, Citibanamex reached over 3,000 children through workshops, conferences, game sessions, financial fairs, and various other activities that provided participants with financial tools to help people improve the quality of their own lives, and those of their families. MIDE (Museo Interactivo de Economía) During GMW2019, The Museo Interactivo de Economía (MIDE, Interactive Museum of Economics) organized four special educational activities related to the use of money and personal finances. The first activity was Pelota de Ideas, a project development workshop that allowed children to propose an innovative project and define the main guidelines that should be paid attention to when implementing the project. The second activity was Los retos del ahorro, a board game that allowed participants to use their knowledge on saving. En ruta hacia el ahorro was the third activity, and involved a workshop aimed at highlighting the basic elements of a budget and raise awareness on the importance of establishing a strategic savings plan to achieve your goals. The last activity was a sketch titled “Descubriendo el Money”, inviting people to identify the different ways to save money, acquire credits and use financial institutions in a way that will benefit their life. The sketch was presented in collaboration with Banco Azteca. Pequeño Cerdo Capitalista (“The Small Capitalist Pig “) Pequeño Cerdo Capitalista (PCC) and Ediciones SM organized a visit to Interactive Museum of Economics (Museo Interactivo de Economía (MIDE)) during GMW2019. During the visit, children learned
about the difference between saving and investing. Additional activities included the MIDE Stock Exchange Simulator. Erikson School The Erikson School organized activities related to financial education and entrepreneurship for students and parents throughout GMW2019. Conferences on “Entrepreneurship for Youths and Children”, “The Importance of Saving”, “How to Responsibly Manage Money”, and “Finances for Your Future”. Students participated in interviews on “Let’s Talk Business”. This allowed them to have the opportunity to ask interesting questions to seven major businessmen. The goal was to encourage the entrepreneurial spirit of the participating students. The primary school students participated in financial education themed drawing competitions, lectures, and sport tournaments. All of the students participated in the children’s version of “Cash Flow” competition, a fun game that develops financial wisdom. The “Business Simulation” workshop was conducted, which aimed at developing the students’ understanding entrepreneurship through a realistic management experience. Bolsa Institucional de Valores (BIVA) During Global Money Week 2019, BIVA dedicated a day to collaborate with another institutions, providing small conferences on Saving, Trading, Women Empowerment, and Investment to young people of four different universities in Mexico. GMW2019 was launched with the “Grito BIVA”, in the company of CONDUSEF. The Operations Floor was opened for a visit for students, so they could get to know the Stock Exchange and their daily operations.
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Moldova Leading organizations: BCR Chisinau, Heritage International School, Microinvest LLC, National Bank of Moldova Participating organizations: 15 Media Organizations, 50 Schools and Universities, Banca Comerciala Romana Chisinau S.A., Banca de Finante si Comert S.A., Comertbank S.A., Energbank S.A., EuroCreditBank S.A., Eximbank S.A., Expert-Grup., Mobiasbanca-Groupe Societe Generale S.A., Moldindconbank S.A., Moldova – Agroindbank S.A., Victoriabank S.A. Number of children reached directly: 5,409 Number of people reached indirectly: 2,020,889 National Bank of Moldova By popular demand, the National Bank of Moldova (NBM) decided to extend the GMW events to last three weeks, instead of one. The NBM organized visits to their headquarters, during which they held financial literacy sessions on topics such as the history of money and security features of coins and banknotes. Furthermore, students were able to visit the Bank’s money museum. On the last day of GMW, the NBM and the Independent Think-Tank “ExpertGrup” launched the first national financial education project “Learn! Give sense to money.” The two institutions aim to increase awareness about the main financial concepts and financial-banking products among the general public of the country. Two discussion panels were organized during the event: “Financial Education Among Young People” and “The Role of ICT in Transforming the Financial System”. The project is scheduled to continue for one year and will continue with a series of informative materials to reflect the most important events with significant financial impact on people’s life, explained in a simple, and accessible way. This project will also provide trainings and activities promoting informative materials, so that as many people as possible can benefit from it.
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The commercial banks have also been actively involved in organizing activities during the Global Money Week. The majority of commercial banks arranged Open Doors Days and lectures on various topics in schools. The topics of the lectures included, but were not limited to saving and spending, credit card usage, the origin of money, and contactless payments by using bank cards. Heritage International School As part of the events organized by the National Bank, the Heritage School organized different activities for their students during GMW2019. Activities included visits to the Mobiasbancă, where bank employees explained how commercial banks work, what products and services the bank offers, how to create a budget and keep to it, and the risks and benefits of money management. Additionally, the National Bank hosted the children and organized informative seminars. Banking representatives shared their professional experience and informed the students on different subjects, including, but not limited to the history of money, the role of money, savings, and the banking system within the country. Throughout the Week, the students participated in lessons and interactive games on financial education, encouraging them to make a positive change in their own lives and in their community. BCR Chisinau Throughout Global Money Week 2019, BCR Chisinau S.A. organized visits to their central office for children and youth. The representatives talked about money management, the importance of saving, the role of the bank and the banking services, recognizing fake money, and how to use a bank card. Microinvest LLC Throughout Global Money Week, Microinvest organized 3 events in local branches and visited two schools to conduct presentation on the history and
importance of money. During the inhouse events, the children had the possibility to understand how a microfinance company works and what their daily activities are. At the end of the event, the children had the possibility to participate in a game where they analyzed the different needs of clients and had to decide whether to provide the clients with a loan. During the school visits, students, parents and teachers had the possibility to ask questions about loans. Furthermore, 5 articles were published on the Microinvest website, which answered the most commonly asked questions about loans. At the end of the Week, all visitors were asked to fill in a survey, to analyze the financial situation of their household. After the Week ended, an article titled “Global Money Week 2019” was published by 6 news outlets.
Monaco Leading organizations: SheCanHeCan Participating organizations: none Number of children reached directly: Not reported Number of people reached indirectly: Not reported SheCanHeCan GMW2019 marked the first year that Monaco participated in the global Campaign! Before the Week started, SheCanHeCan Monaco dedicated a section of their newsletter to GMW, to share the celebrations with their partners and stakeholders. During the Week, the organization shared posts on their social media pages, all focusing on gender and gender stereotypes, which may lead to differences in how boys and girls approach the topic of money and savings.
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Mongolia Leading organizations: Bank of Mongolia Participating organizations: 10 Media Organizations, 111 Schools, 17 Vocational Training Centers, 2 NGOs, 21 Universities, 52 Commercials Banks, Golden Fund for Development Association, Lifelong center under the Ministry of Education, Culture, Science and Sport, Mongolian Banking Association, Provincial government, Tsetse gun rotary club Number of children reached directly: 22,494 Number of people reached indirectly: 45,988 Bank of Mongolia During GMW2019, the Bank of Mongolia, together with its partners, reached over 22.000 children and youth, by visiting to schools, universities, vocational training centers and via visits to bank branches. Throughout the Week, financial literacy awareness sessions were offered for children, youth and adults on subjects such as “The History of the Banking Sector in Mongolia”, “Saving”, “Financial Risks and How to Prevent it”, “Household Budgeting”, and “Development of the Banking Sector in Your Life”. Additionally, educational courses were introduced in schools and colleges, where students learned about different financial subjects via the “Kahoot” game, making the learning process more interesting and interactive. Various commercial banks organized financial lessons, as well as allowing students to visit the bank branches, to learn about the internal workings of the banks. The provincial government organized drawing and essay competitions between high schools and universities, based on the GMW2019 theme, “Learn.Save.Earn”. A 7-day session took place, titled “Money and Painting”, where each participant had the opportunity to present their art works. Using art as an educative medium allowed the younger students to learn about financial matters in an alternative way. The local government promoted Global Money Week through the “Nauryz” festival, as well as the Ice Festival. 110
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Montenegro Leading organizations: Central Bank of Montenegro Participating organizations: 8 Media Organizations, Educational Center Pluzine, Elementary school “Bosko Buha”, Pljevlja, Elementary school “Mirko Srzentic”, Budva, Elementary school “Savo Pejanović”, Podgorica, Elementary school “Stefan Mitrov Ljubiša”, Budva, Grammar school Cetinje, High school “Sergej Stanić”, Podgorica, High school “Tanasije Pejatović”, Pljevlja, High school “ Mirko Vešović”, Podgorica, High vocational school Cetinje, Kindergarden “Zagorka Ivanović”, Cetinje, Kindergarten Đina Vrbica - Podgorica, Money museum – Cetinje Number of children reached directly: 375 Number of people reached indirectly: 3,000 Central Bank of Montenegro In Montenegro, GMW was launched by the Central Bank, hosted by the Vice Governor. During the event specialists from statistical Department and Vault gave lectures about financial challenges and presentation on counterfeit money. Many activities were organized in the Money Museums, where high school students could attend a presentation on counterfeit money and tour the museum, while children from kindergarten could design their own money. Throughout the Week, numerous lectures and workshops were organized on the topics of money, savings and entrepreneurship, all aimed at developing and strengthening the financial culture of children and youth. All GMW events were covered by national press, media and tv. Representatives on the Central Bank held several interviews to promote GMW, and children from kindergartens were also interviewed. In order to promote the events, the Central Bank published promotional materials with information about GMW, including brochures and T-shirts with the GMW and Central Bank logo on them.
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Morocco Leading organizations: Fondation Marocaine pour l’Education Financière (FMEF) Participating organizations: 20 Banks, Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS), Autorité Marocaine du Marché des Capitaux (AMMC), Bank Al- Maghrib (BAM), Bourse de Casablanca, Dar As Sikkah (BAM), Fédération Marocaine des Sociétés d’Assurance et de Réassurance (FMSAR), Fédération Nationale des Associations du Microcrédit (FNAM), Groupement Professionnel des Banques du Maroc (GPBM), Ministère de l’Éducation Nationale de la Formation Professionnelle de l’Enseignement Supérieur et de la Recherche Scientifique (MENFPESRS), Musée de la monnaie (BAM), Office de Formation Professionnelle et de Promotion de travail (OFPPT), Secrétariat d’État chargé de l’Artisanat et de l’Économie Sociale (SECAES) Number of children reached directly: 220,000 Number of people reached indirectly: 2,500,000 Fondation Marocaine pour l’Education Financière (FMEF) The Global Money Week celebrations in Morocco were once again organized by FMEF. This year, FMEF focused not just on children in primary and secondary schools, but also on students doing internships at professional training centers. University students and micro-entrepreneurs also participated in the campaign and were taught with educational materials, which were adapted to their needs. Trainers and representatives from FMEF conducted seminars on monetary policy in Morocco, insurance and social security. Additionally, awareness building workshops in schools and training centers were organized. Visits to the Bank Al-Maghrib money museum were organized. Furthermore, The Capital Markets Authority of Morocco, the Insurance Control and Social Security Authority, the Stock 112
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Exchange of Casablanca, as well as the Moroccan Bankers Association and the Moroccan Insurance Group organized tours through their establishments. To ensure that youth, who were not able to participate directly in the events, were still included in the Campaign, the media coverage and digital campaign was extremely extensive, through publications on practical information, quizzes and education videos. The celebrations continued throughout the entire month of April.
Mozambique Leading organizations: Bank of Mozambique Participating organizations: World Vision Mozambique, 1 Media Organization, 14 Schools, Banco Internacional e de Investimentos, Commercial and Investment Bank (BCI), Financial Sector Depeening Mozambique (FSDmoรง), Insurance supervision Institute, Millennium International Bank of Mozambique (BIM), Monapo District Economic Activities Service (SDAE), Mozambique Stock Exchange Number of children reached directly: 3,750 Number of people reached indirectly: 10,054
Bank of Mozambique To celebrate GMW2019, the Central Bank of Mozambique organized four activities, celebrated in eight schools across the country. The Week was opened with the Central Bank, via media activities, such as press releases and interviews. Tv, radio stations, and social media helped to spread awareness about Global Money Week in the country. The Bank, the Stock Exchange, Insurance Supervision Institute, Financial Sector Deepening Mozambique, and other partners, participated to educate children on finances, via workshops. The workshops were geared towards showing youth the importance of planning, saving, investing and insurance. Participating commercial banks explained their products and the procedures needed to open an account. Additionally, theater plays on financial literacy were conducted in schools, and were attended by students and teachers. Finally, the students had the opportunity to engage in lectures and received educational brochures. World Vision Mozambique As part of the celebrations organized by the Central Bank, World Vision Mozambique organized their own activities for GMW2019. These activities included financial literacy lectures for children, youth and adults, on developing a family budget. A presentation and practical demonstration on saving was conducted, which was followed by a Q&A session, allowing the participants to learn about the importance of saving in a fun and interactive way. Theater plays were presented, focusing on the importance of saving and depositing money in the bank.
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Myanmar Leading organizations: ONOW Myanmar Participating organizations: Third Story Project Number of children reached directly: 30 Number of people reached indirectly: 1,500 ONOW Myanmar ONOW Myanmar, together with Third Story Project, aimed to teach and educate the children of Myanmar through the power of story books. The two organizations wrote and published a children’s storybook on the importance of saving. The release of the book was timed with Global Money Week, during a launch event held for children and parents. The event including story acting, interactive financial literacy activities, a public reading of the new story, and a donation of the book to the children in attendance. In total, 1,000 book copies were donated by the partners. ONOW Myanmar also converted the book into a digital experience on Facebook, so that families across the country can read the book and learn about savings.
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Nepal Leading organizations: Nepal Stock Exchange (NEPSE) Participating organizations: FINLIT Nepal, Sudesha School Number of children reached directly: 54 Number of people reached indirectly: Not reported Nepal Stock Exchange (NEPSE) During Global Money Week 2019, FINLIT Nepal organized visits to the Nepal Stock Exchange Ltd. During the visit, representatives from the Exchange conducted a small class on the necessity of saving and investment, and on the importance and function of the stock exchange. Additionally, the students were allowed to visit the Exchange’s trading server and the different departments.
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The Netherlands Leading organizations: Consumer360Academy, Euronext Amsterdam, Wijzer in Geldzaken Participating organizations: 2,500 Schools, 23 Municipalities, 240 Organizations (Banks, FIs, Companies), Aflatoun International, Association of Insurers, Child & Youth Finance International (CYFI), Ministry of Finance, The Dutch Association of Banks, The Dutch National Bank Number of children reached directly: 250,010 Number of people reached indirectly: 1,100,000 Wijzer in Geldzaken During the collaborative celebration of Global Money Week and Week van het Geld, Money Wise Platform, and its partners, organized activities for pupils to learn how to manage money. “Week van het Geld” is an initiative of the Dutch platform ‘Wijzer in Geldzaken’ (The Money Wise Platform). During this Week, the main focus for elementary schools across the Netherlands is “learning how to handle money”. The 2019 Week van het Geld celebrations had a festive start in the NAC Stadium in Breda on the 25th of March. H.M. Queen Máxima of the Netherlands, in her role as honorary chair of the Dutch Money Wise platform, attended the opening, and opened the ceremony together with the Minister of Education, Arie Slob, and pupils of local schools from Breda. The students attending had won a debate competition on money issues, organized by Discussiëren Kun je Leren. Before the opening, 350 pupils from 14 schools received lessons from top executives of the Dutch Banking Association, the Association of Insurers, and the Dutch Central Bank. Nibud organized a special workshop for parents. The Minister of Finance, Wopke Hoekstra, gave a press conference directed at pupils throughout the Netherlands. The theme of this year’s Week van het Geld was: ‘Ben jij een held met je geld?’ (Are you a hero when it comes to money?). This theme was chosen to stimulate 116
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conversations about money between children and their parents, their teachers, and their classmates. The aim was to encourage children, and their parents and teachers to think about issues regarding the choices you have to make when handling money. The Money Wise Platform organized a national photo contest and asked classes to submit their photo’s as heroes. During the Week, more than 5,000 guest lectures, activities and workshops on money management were given to primary schools in the Netherlands by staff members from banks, insurance companies, and municipalities. In addition, all primary schools and public spaces, such as libraries, received a special “Week van het Geld” newspaper– a financial education newspaper. 600,000 copies of the newspaper were sent out to all primary schools in the Netherlands. Consumer360Academy Consumer360Academy used GMW2019 to launch a new subdomain, titled MoneyManager360. MoneyManager360 is a small and simple household booklet, based on 12 basic necessities and can be used to manage one’s money. The booklet is downloadable, free of charge, on the MoneyManager360 website, www. moneymanager360.money. Euronext Amsterdam The 8th edition of Global Money Week (GMW) and the 9th edition of International Aflatoun Day launched at the Euronext Amsterdam by Child & Youth Finance International (CYFI), Aflatoun International, and students on 25 March. The event was celebrated under the ‘Ring around the World’ initiative, as part of the Global Money Week Campaign.
New Zealand Leading organizations: Banqer Participating organizations: 29 Schools, Arataki, ASX, Canteen NZ, Financial Planners Association of Australia, Heart Kids NZ, Kids Can, Kiwibank, Koha Community, MYOB, Netwealth, NZX, Pink & Steel, RIP Global, VUW Women in Tech, Young Enterprise Trust NZ Number of children reached directly: Not reported Number of people reached indirectly: Not reported Banqer Prior to the Week, Banqer reached out to their partners in different organizations, inviting them to record short videos, where they teach children about different concepts of money. These videos were then shared on the bank’s social media channels during Global Money Week, to reach children and youth remotely. The Week was launched by both the ASX and NZX, with the ‘Ring-the-Bell’ opening session to start the trading day on the 25th of March. The students learned a lot from the experience and told the bank representatives that the session made them feel important and included in the world of finances. The Bank organized a money box competition, where the children were asked to design and create their own money boxes and were asked to give three different ways of how they could earn the money that they would be keeping in their money boxes. All children were encouraged to donate a portion of the money that they earn to charity. In 2018, the Banqer children in New Zealand donated over $3 million to three different charities, which was shared at an event organized at a Banqer School.
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Nicaragua Leading organizations: Fabretto Children’s Foundation, Fundación FAMA -Fundación para el Apoyo a la Microempresa Nicaragua (Foundation for the Support of the Microentreprise in Nicaragua) Participating organizations: 4 Rural Communities, Benito Juárez, Hermano Pedro Betancourt, San Martín de Porres Number of children reached directly: 640 Number of people reached indirectly: 450 Fundación FAMA -Fundación para el Apoyo a la Microempresa Nicaragua (Foundation for the Support of the Microentreprise in Nicaragua) During Global Money Week 2019, Fundación para el Apoyo a la Microempresa organized two events in Nicaragua. In total, 14 workshops in 3 different educational institutions were organized. The workshops, titled “My Time, My Money and Me”, aimed to raise awareness on time-management and to inform children how they could use their time and skills to make money. Furthermore, drawing competitions for 6 different groups of students were organized. Participants worked together to design an illustration based on the GMW2019 theme “Learn.Save.Earn”. They were taught to manage their money cautiously, save for their future, and make money for themselves and their families. Fabretto Children’s Foundation Fabretto Children’s Foundation, an organization with a mission to empower underserved children and their families through education, hosted a Business Competition for Global Money Week 2019. The Competition was held to engage rural Nicaraguan youth and to encourage them to start their own entrepreneurial ventures. The Competition consisted out of a series of workshops and classroom sessions on topics related to entrepreneurship, financial literacy and leadership, as well as learning about 118
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business planning. Seven groups of students presented their ideas and defended their business plans in front of a jury, classmates, friends, and their families. Over 200 rural youth attended the Sistema de Aprendizaje Tutorial (SAT) program. The SAT program offers an alternative, rural secondary and technical education model, which provides youth with the knowledge and skills relevant to their context. Through interactive classes and practical workshops, young people gain valuable practical skills, as well as receiving training on entrepreneurship and leadership, in order for them to start their own business, implement sustainable farming techniques, and continue their education.
Niger Leading organizations: World Vision Niger Participating organizations: Ilhouda Faycal Ilissana, Mambo Kadidiatou Dante, Mouslim Sidi Mohamed Number of children reached directly: Not reported Number of people reached indirectly: Not reported World Vision Niger During Global Money Week 2019, World Vision Niger implemented the Junior Savings Group, which allows girls to meet on a weekly basis, to save money for a better future.
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Nigeria Leading organizations: AIESEC Nigeria, Be Better Foundation, Central Bank of Nigeria (CBN), Eadda Kids Enterprises, Household Impact Network, Jether Consulting, Linking the Youth of Nigeria through Exchange (Lynx Nigeria), Project Biz Masterminds Ltd Participating organizations: 10 Micro Finance Banks, 12 Media Organizations, 22 Deposit Money Banks, 4 Insurance Companies, 5 Banks, 585 Schools, 6 Financial Institutions, 7 AIESEC Chapters, AbiHealth Care, Anthony Village Senior High School, Lagos., Association For Peace Building and Leadership Training (PEACE CLUB), Plateau State, Bankys School, Apo, Abuja, Beautiful Heart Netwrok, Creative Learning International School, Apo, Abuja, Duetsche Gessellschaft fur Internationale Zusammenarbeit (GIZ), Enhancing Financial Innovation Access (EFInA), Fund Managers Association of Nigeria, Girls2women Initiatives, Heroes Nation, Junior Achievement Nigeria (JAN), K&B Schools, Lagos., Kiddiesdriod, Kidprenuer Africa, Kids Lounge, Leadinglight Teenagers Netwrok, Learning Impact NG, Nigeria, Life Skills Experts, Mercy Corps, Mireju International., National Cooperative Financing Agency of Nigeria (CFAN), National Pension Commission (PENCOM), New Life Humanitarian Agency (NGO), Nigeria Deposit Insurance Cooperation (NDIC), Nigeria Info 95.1 FM Radio Abuja, Nigeria Postal Service, Nigeria Social Insurance Trust Fund (NSITF), Nigeria Stock Exchange (NSE), Nigerian Communications Commission (NCC), Nigerian Insurers Association, Nigerian Interbank Settlement Systems (NIBSS), Securities & Exchange Commission’s Technical Committee on Financial Literacy, Securities and Exchange Commission (SEC), State Senior High School, Alimosho, Lagos. Number of children reached directly: 67,139 Number of people reached indirectly: 114,476
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Central Bank of Nigeria (CBN) CBN conducted School Mentoring Programs in over 500 schools across the country. The Program allowed for over 72,000 students to learn about “Learn. Save. Earn”. During the events, a road walk was organized, where educational materials were distributed and Financial Literacy talks were given to the public. Financial literacy sessions were organized in the headquarters of the Bank, to educate students on financial products and services. AIESEC Nigeria The activities organized by AIESEC Nigeria included visits to the stock exchange, secondary schools, rallies, financial literacy events, and media interviews. The financial literacy awareness sessions offered to children youth and adults included sessions on insurance, plans for retirement, how to save, and investment. Linking the Youth of Nigeria through Exchange (Lynx Nigeria) Throughout GMW2019, a group of out of school youth, called Association for Peace Building and Leadership Training, engaged themselves in the cleaning of the community, with support of the community members. The activity was coordinated by Lynx Nigeria. Project Biz Masterminds Ltd Project Biz Masterminds launched their first quarterly e-newsletter, “GirlHealth + FinHealth 360°”, with the theme Health is Wealth. Furthermore, they launched their first 2D animation series on financial literacy, titled “Money Adventure in Nairaville with Mimi”. Be Better Foundation Be Better Foundation organized workshops at two primary schools. During the workshops, the children were taught from the story book “My Fun Finance”,
which focuses on investing and managing the risks of investing through diversification. Furthermore, the Fun Finance Board Game was played, which reinforced the lessons learned in the story book. Jether Consulting Jether Consulting introduced the concept of money management to children in local schools. This was done by organizing workshops, visits to banks, and visits to the Nigerian Stock Exchange, where the students participated in the “Ring Around the World” initiative. During the bank visits, parents were invited to open savings accounts for their children. Eadda Kids Enterprises Eadda Kids Enterprises, in collaboration with Household Impact and Kidpreneur, Africa hosted various competitions. Throughout Global Money Week 2019, Eadda Kids Enterprises tweeted about various financial literacy topics. Household Impact Network Household Impact Network reached out to children and youth, through their games hangout. Throughout the Week, the organization used games, like Monopoly, to teach financial education. During the gaming session, a talk show was conducted on money with parents. Additionally, different contests for different age categories were held.
North Macedonia Leading organizations: The National Bank , Ministry of Finance , Agency for Supervision of Fully Funded Pension Insurance, Agency for Supervision of Insurance, Securities Exchange Commission, Macedonian Banking Association Participating organizations: 13 Private Sector Institutions, 5 Universities, 7 Public Sector Institutions, 72 Media Organizations, 87 Schools Number of children reached directly: 5,000 Number of people reached indirectly: 350,000
The National Bank In North Macedonia, GMW2019 was organized by National Bank of the Republic of North Macedonia, the Ministry of Finance, the Insurance Supervision Agency, the Agency for Supervision of Fully Funded Pension Insurance, and the Securities and Exchange Commission of North Macedonia. Schools not only visited these institutions, but also the Macedonian Stock Exchange, the Museum of the National Bank, two pension companies, two commercial banks, one savings house, and the Customs Administration. During the visits, education lectures were conducted on topics in the field of the respective institutions, which included topics such as money, savings, trading, banking sector, investment, insurance, and pension. 2019 marked the first year that Macedonia participated in the European Money Quiz, which was initiated by the Macedonian Banking Association, and was organized in cooperation with the National Bank of the Republic of North Macedonia, Securities and Exchange Commission of the Republic of North Macedonia and the Ministry of Education and Science. During the Week, the Macedonian Enterprise Development Foundation (MEDF), for the Support to the Agricultural Cooperatives program, conducted 9 trainings for the preparation of a business plan, which included financial education, financial planning and financial analysis for adults. The Alliance of Microfinance Organizations organized 5 financial education sessions for adults. All activities were covered by mass media via press releases.
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Norway Leading organizations: AksjeNorge Participating organizations: 16 Schools, Oslo Stock Exchange, The Central Bank of Norway (Norges Bank) Number of children reached directly: 120 Number of people reached indirectly: 5,800 AksjeNorge Prior to GMW2019, AskjeNorge created DYI-kits for the children, which they could use at home with their parents and at school with their teachers. Furthermore, high school students were invited for open days at the Stock Exchange in Oslo and were able to visit AskjeNorge. The students learned about financial markets, how to save in equities, the importance of saving, how to set up a budget and private economy, namely how to earn money and start up your own business. Additionally, a simulation game was played to learn how to save in equity. Finally, students were able to visit the Central Bank and were encouraged to participate in the GMW Selfie Challenge.
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Pakistan Leading organizations: Pakistan Microfinance Network (PMN), Empowerment thru Creative Integration (ECI) Participating organizations: 170 Schools, 8 Media Organizations, Pakistan Stock Exchange, SAFCO Support Foundation, State Bank of Pakistan Money Museum Number of children reached directly: 150,143 Number of people reached indirectly: 101,265 Pakistan Microfinance Network (PMN) During GMW2019, PMN and ECI organized 170 Financial Awareness sessions across 26 districts of Pakistan. A total of 85,985 students took part in the financial awareness sessions. In these educational sessions, students were made aware of the importance of Budgeting, Savings, Expenses, and Life Goals. The students were also provided with handouts that were developed in English and Urdu, which could be shared with their parents and friends. In addition, students participated in 27 financial drawing competitions on themes such as: “Why save money”; “My dreams & money tree”; “Purpose of saving”; and “Money matters.” At the end of the competition, the top 3 students were awarded certificates. PMN & ECI conducted visit to the SBP Museum for students, where they learned about the history of money, coin manufacturing, account opening, and the evolution of banking system in Pakistan. Another visit was organized to the Pakistan Stock Exchange, where students learned about the devaluation of money due to inflation, the importance of savings, various investment options, and why should they invest in the stock market. PMN & ECI ran a thorough media campaign, broadcasting 7 programs on 3 radio channels, 5 high-rated TV shows with the GMW ambassadors, and using social media extensively to spread the message of financial education.
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Palestine Leading organizations: Palestine Monetary Authority Participating organizations: 1,754 Schools, 15 Media Organizations, ACAD Finance, Al Ebdaa, Arab Bank, Arab Islamic Bank, Asala for Credit and Development, Association of Banks, Bank of Jordan, Bank of Palestine, Cairo Amman Bank, Egyptian Arab Land Bank, Faten, Housing Bank, Jordan Ahli Bank, Jordan Commercial Bank, Ministry of Education, Palestine Banking Corporation, Palestine Deposit Insurance Corporation, Palestine Investment Banks, Palestine Islamic Bank, Palestinian Development Fund, Quds Bank, Reef, Safa Bank, The National Bank, The Palestinian Network for Small and Micro Finance, United Nations Relief and Works Agency (UNRWA), Vitas Number of children reached directly: 78,014 Number of people reached indirectly: 150,000 Palestine Monetary Authority Once again, the Palestine Monetary Authority (PMA), together with its partners, reached many children during Global Money Week 2019, by visiting schools, organizing lectures on financial terms and banking services, and showing 6 banking and financial awareness movies throughout the Week. GMW was launched with a press conference, which was attended by all stakeholders. During the Week, over 134,000 copies of a brochure, with financial information created by the PMA, was distributed to school students through bank branches. Furthermore, questionnaires were distributed before and after the Week, in order the measure the knowledge enhanced amongst the school students. Each of the 400 banks and MFI branches allocated one working hour per day throughout the Week to receive children, youth and parents to educate them about different banking operations and services. The last day of the celebrations were dedicated to the “National Saving Day”, where all banks 124
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encouraged the students to start saving that day and continue to do so after the Week ended. Special campaigns and products were launched and distributed to promote saving. Additionally, virtual banking branches were established, which focused on teaching the public on banking, MFI’s and Fintech services. All branches were equipped with material needed to demonstrate what these services entailed. For example, an ATM section was equipped with a simple ATM machine, so that students were taught how to use these different services. The Ministry of Education scheduled visits for students to the branches. The visitors visited each section, to learn about all the different services, after which they watched educational films about saving, budgeting, banking services, and financial inclusion. All visitors were able to enter into a competition to win $100 to put into their saving account. Finally, all the PMA, the Ministry of Education, the Association of Banks, and the Palestinian Network for Small and Micro Finance and Deposit Insurance Corporation organized visits to their respective institutions for school children, to clarify the role, targets, and services offered by each institution.
Panama Leading organizations: Superintendencia de Bancos de Panama Participating organizations: Asociación Panameña de Ejecutivos de Empresa (APEDE) sede Colón, Centro Educativo Tsunesaburo Makiguchi, Colegio Cambridge de David-Chiriquí, Escuela Profesional Isabel Herrera de Obaldi, Finanzas Contigo, Instituto Profesional Técnico Profesional de Divalá-Chiriquí, Oficinas de la Cadena de Frío David-Chiriquí, Onefra Consultores, Programa de Educación Financiera y Negocios Aprende y Crece (Learn & Grow Financial and Busines), Sparkassenstiftung für internationale Kooperation (The Sparkassenstiftung for International Cooperation), Universidad Autónoma de Chiriquí (UNACHI), Universidad Interamericana de Panamá (UIP) Number of children reached directly: 308 Number of people reached indirectly: 1,300 Superintendencia de Bancos de Panama In Panama, the Global Money Week events, organized by the Superintendent, started on the 25th of March and extended well into April, to ensure that children, youth and adults across the country were impacted by the events and learned about financial education. Workshops on subjects such as savings, family budgeting, entrepreneurship, and credit management were conducted. Furthermore, theater plays, and a mural design competition were organized.
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Papua New Guinea Leading organizations: Centre for Excellence in Financial Inclusion (CEFI) Participating organizations: Bank of Papua New Guinea Number of children reached directly: Not reported Number of people reached indirectly: Not reported Centre for Excellence in Financial Inclusion (CEFI) To celebrate Global Money Week 2019, CEFI and the Bank of Papua New Guinea organized a drawing competition on the theme “Learn.Save.Earn”. The competition was broken up in three age groups and the winning art works were exhibited in CEFI’s office space. Additionally, a GMW press release was done and published in local newspapers and shared on social media. Finally, representatives of CEFI and the Bank visited schools, to reinforce the GMW theme “Learn.Save.Earn”.
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Paraguay Leading organizations: Central Bank of Paraguay, Fundación Cámara de Comercio Paraguayo Americana (Fundación AMCHAM), Fundación Paraguaya Participating organizations: 1 Stock Exchange, 85 Schools, Bancard, Banco Itaú Paraguay S.A., Bcp, Citi Paraguay, Equifax Paraguay S.A., Fecopar (Federación De Cooperativas Del Paraguay), Financiera El Comercio, Tigo, Vision Banco S.A.E.C.A Number of children reached directly: 11,003 Number of people reached indirectly: 35,312
Central Bank of Paraguay The Central Bank of Paraguay, together with its many partners, organized a Financial Fair for children and youth of the country. Furthermore, activities organized included in classroom talks on savings and personal finances. Additionally, tips on financial education were given and visits to the stock exchange and financial institutions were organized. All events were shared on social media. Fundación Paraguaya For GMW2019, Fundación Paraguaya conducted dynamic workshops for children and youth. The workshop consisted of four questions and each group was assigned one question at a time. All questions covered topics such as savings and financial education. The workshops ended with financial advice being offered to the youth. Fundación Cámara de Comercio Paraguayo Americana (Fundación AMCHAM) GMW2019 began with a talk on “Let’s talk about savings” for the students of the Japanese School of Paraguay. A visit to the Stock Exchange of Asuncion was organized for the students from “Nuestra Señora de la Asunción”, and the students learned how the stock exchange operates in the country. Additionally, a talk was conducted on the GMW2019 theme “Learn.Save.Earn.” for students. Various activities were planned during the Week, including the design a Savings Plan. The aim was to develop savings habits in the students. Furthermore, a talk was held at the National Business School on the topic “Learning to save”. This was targeted at the youth, teaching them the concepts of saving and simple financial planning. Other talks organized were on topics such as the importance of saving and financial wellbeing.
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Peru Leading organizations: Banco Cooperativo del Estudiante Bartselana, Superintendence of Bank Insurance and Private Pension Funds ( SBS) Participating organizations: 206 Schools, 223 Colleges, 29 Media Organizations, 4 Financial Institutions, Asociación de Administradoras de Fondos de Pensiones del Perú (AAFP), 7 Libraries, 9 Universities, Acción Emprendedora (ONG), Administradora de Fondos de Pensiones, Afluenta Fintech, Agroinvesting, Arellano Marketing, Asociación de Bancos del Perú (ASBANC), Asociación de instituciones de Microfinanzas del Perú (ASOMIF), Asociación Peruana de Empresas de Seguros (APESEG), Asociación Peruano Japonesa, Ayllu Fintech, Banco Azteca, Banco Comunitario “Banco de Las Emprendedoras de Vista Alegre”, Banco Comunitario “Banco de Las Poderosas”, Banco de Crédito del Perú, Banco de la Nación, Banco Falabella, BNP Paribas Cardif, Bolsa de Valores de Lima (BVL), BUSEM-Centro de Estudios Financieros de la BVL, Caja Municipal de Ahorro y Crédito del Santa, CEDRO, Centro Cultural de Mosaj Pacha, CETPRO Génesis, Chubb Seguros, Club de Madres Santa Veronica, Clínica San Juan de Dios, Comedores Distrito de Miraflores, Comparabien, Compartamos Financiera, Cooperativa de Ahorro y Crédito Abaco, Countdown Perú, Crecer Seguros, Cuerpo de Paz Americano, Cámara de Comercio de Lima (CCL), Departamento Centro Recreacional Ryoichi Jinnai, Dirección Regional de Educación de Piura (DREP), Entidad de desarrollo de la pequeña y mediana empresa, Escuela Técnica Superior de la Policía Nacional del Perú - EST PNP, Federación Peruana de Cajas Municipales de Ahorro y Crédito (FEPCMAC), Financiera Confianza, Financiera Efectiva, Financiera PROEMPRESA S.A., Financiera TFC, Fintech Perú, Fondo de Seguro de Depósitos (FSD), GRADE, HDI Seguros, IEP, Innovation for Poverty Action (IPA), Instituto de Educación Superior Tecnológico Público (IESTP) República Federal de 128
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Alemania, Instituto Superior Tecnológico San Luis, Instituto TECSUP, Instituto Zegel IPAE, Insur, Interbank, Interseguro, La Positiva Seguros, Liberty Seguros, Mapfre Perú, MiBanco, Ministerio de Desarrollo e Inclusión Social (MIDIS), Ministerio de Educación (MINEDU), Ministerio del Ambiente, MUCEN - Museo del Banco Central de Reserva (BCRP), Municipalidad de Jesús María, Región Lima, Municipalidad de Tacabamba, Región Cajamarca, Municipalidad Provincial de Arequipa, Región Arequipa, Municipalidad Provincial de Piura, Región Piura, Museo Numismático del Banco Central de Reserva (BCRP), Ohio National Seguros de Vida, ONG AMA, ONG América Solidaria, Open Plaza Huancayo, Organismo Supervisor de la inversión en Energía y Minería (OSINERGMIN), Pacífico Seguros, Parroquia Buenos Aires Sur, Plan Internacional, Policía Nacional del Perú, Programa Lima Lee, Protecta Security, Rigel Seguros, Rimac, Secrex Cesce, Sociedad Eléctrica de Arequipa Ltda. (SEAL), Sparkassenstiftung für internationale Kooperation, Superintendencia del Mercado de Valores (SMV), Superintendencia Nacional de Servicios de Saneamiento (SUNASS), Tasatop, Fintech de Ahorro, Tkambio Fintech, TuCambista, Unidad de Gestión Educativa Arequipa Norte, Unidad de Gestión Educativa Arequipa Sur, Vaso de leche de la Municipalidad de Chilca, Vida Cámara Seguros, VISA, Walt Disney France, World Vision Peru Number of children reached directly: 216,042 Number of people reached indirectly: 4,077,109 Superintendence of Bank Insurance and Private Pension Funds ( SBS) For the fourth consecutive year, SBS led the GMW celebration in Peru. The celebrations were part of the country’s National Strategy for Financial Inclusion, implemented according to three pillars: (1) Create awareness and educating, (2) Disseminating evidence and best practices and (3) Generating a
space to facilitate access and use of formal savings, insurance and pension financial products. The first pillar entails creating awareness and educating different groups about the value of money and savings through financial education lessons and workshop, which are given to children, youth, and adults of all ages. Additionally, different financial institutions, such as the Central Bank, the Lima Stock Exchange, and Savings and Loans Institutions organized several education visits, titled “financial tours.” These visits gave students the opportunity to learn about financing from professionals. In schools, the students who had previously studied financial education, taught their fellow students, via different school projects. Furthermore, the Money and Numismatic Museum of the Central Bank organized several activities in many regions of the country, including talks and workshops at the National Museum, Universities and other institutions. With the usage of edutainment, multiple “Saving Fairs” were organized in seven regions of the country, raising awareness about the importance of having good saving habits. Many institutions set up educational stands, theaters, magic shows, and interactive games. NGOs and NPOs conducted financial education initiatives within local communities. For example, the American Peace Corps carried out several workshops in rural schools and it helped to set up savings clubs. Under the second pillar, a high-level International Conference, titled “How do young people save?”, was organized by the SBS and representatives of the academic, public and private sector. This event allowed the SBS to highlight what the youth preferred when it comes to financial services, savings habits and digital financial services, as well as local and international experiences to promote saving habits.
The third pillar allowed financial institutions to promote the opening of formal savings accounts, focusing both on the responsible usage of traditional channels, i.e. face-to-face, and digital channels, reinforcing their financial education capacities. The Savings and Loans Institutions organized workshops and talks at schools, to promote saving by opening a savings account. Through these events, more than 27,000 accounts were opened nationwide, and through a digital platform, several financial institutions participated in a virtual fair “cyber saving”, which reached over 400,000 people throughout the Week. The Radio Programs of Peru broadcasted several workshops with young people in schools and saving fairs. All events and activities were shared via social media, where tips, interviews, live broadcasts, online competitions, hash tags, videos and more were uploaded. Banco Cooperativo del Estudiante Bartselana Once again, the Banco del Estudiante Bartselana organized events and activities for Global Money Week. This year, the Bank collaborated with the Provincial Municipality of Arequipa, the Educational Management of North Arequipa, the Educational Management of South Arequipa, and the Ministry of the Environment. The events included visits to schools, visits to media organizations and conferences on the development of financial education.
The Philippines Leading organizations: Bangko Sentral ng Pilipinas (Central Bank of the Philippines) - Cotabato Branch, Cooperative Development Authority - Pampanga Extension Office in partnership with Central Luzon Regional Cooperative Development Council (CLRCDC), MSU-IIT National Multi purpose Cooperative, Paglaum Multi Purpose Cooperative, Paglaum Youth LabCoop Provincial Cooperative Development Council - Bulacan Participating organizations: 11 Municipalities, 16 Schools, 3 Provinces, Abucay Multipurpose Cooperative, ASCCOM Multipurpose Cooperative, Central Luzon Regional Cooperative Development Council, Central Luzon Regional League - Philippine Federation of Credit Cooperative, Cooperative Development Authority - Pampanga Extension Office, Department of Education, Department of Education - Cotabato City Division, Economic Enterprise Development Offices, Iwahori Multipurpose Cooperative, Knowledge Resource Collection (KRCs) in Sultan Kudarat State University and Kidawapan City Library and Information Hub, Llanera Teachers Association Multipurpose Cooperative, Mahabang Parang Waterworks Cooperative, Mariveles Public Market Development Cooperative, Moncada Women’s Credit Cooperative, Mother Rita Multipurpose Cooperative, MSU-IIT National Coop Academy, Municipal Cooperative Development Office of Marilao, Bulacan, Municipality of Llanera, Nueva Ecija, Municipality of San Luis, Aurora, Office of Market Administrator of Cotabato City, Parish of St. Francis of Assisi Meycauayan Credit & Development Cooperative, Provincial Cooperative and Enterprise Development Office, San Jose Del Monte Savings and Credit Cooperative, San Miguel de Marilao Multipurpose Cooperative, St. Francis Development Cooperative, St. John Academy of Bayanihan Inc., St. John Bayanihan Multi-Purpose Cooperative, Watchlife Workers Multipurpose Cooperative
Number of children reached directly: 3,174 Number of people reached indirectly: 9,528 Bangko Sentral ng Pilipinas (Central Bank of the Philippines) - Cotabato Branch The Central Bank of the Philippines Cotabato Branch, through its Economic and Financial Learning Center (EFLC) organized multiple activities under GMW2019 theme “Learn.Save.Earn”. For the “Learn” section public information campaigns to multi-stakeholders, including students, teachers, government employees, and market officials were conducted. For the “Save” section, banks, who unveiled the Banking on Your Future (BOYF) Program, a child friendly account that encourages students to formalize their savings activity from piggy banks to actual saving accounts, were awarded the Bank Kiddie Savers award. Finally, for the “Earn” section, students in Vocational, Arts and Trades courses in high schools, unveiled a National Certification, which allows them to work and earn. Cooperative Development Authority - Pampanga Extension Office in partnership with Central Luzon Regional Cooperative Development Council (CLRCDC) The Week was launched by the Municipal Cooperative Development Office and was attended by local school children, who had participated in the Coin Bank Contest. Throughout the Week, a multitude of activities were organized, including an awareness raising parade, distributions of piggybanks, poster making contests, money saving activities, essay writing contests, poetry competitions, and selfie challenges.
Save?”. Additionally, “My Money Bank Making” Contest was held under the theme, “My Dream Bank.” MSU-IIT National Multi purpose Cooperative The students expanded their knowledge through the On-The-Spot Essay Writing Competition on the topic, “Why is it important to save?” for grade school and “If I were an entrepreneur, what business I would own and why?” for high school. The Cooperative also conducted dance performances, Aflatoun-led singing events, and a photo booth, which showcases different talents of children. An award ceremony was held for top Aflatoun savers to recognize the efforts made by the children and to motivate them to save more. Paglaum Multi Purpose Cooperative Throughout the Week, interactive financial literacy lectures and learning sessions were organized. The interactive sessions allowed the students to not just learn from the facilitators, but also from their fellow students, making the activities fun, and they inspired the young people to start saving for money at an early age.
Provincial Cooperative Development Council Bulacan A drawing contest was held on the theme, “Importance of Saving”. An essay writing contest was held on the theme, “Why is it important to Global Money Week Report 2019
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Poland Leading organizations: The Polish Financial Supervision Authority (UKNF) in cooperation with the Ministry of Finance Participating organizations: 89 Schools of various types and stages of education (including preschools), 1 Public Library. See more: www.globalmoneyweek.org/countries/90-poland.html
Number of children reached directly: 11,785 Number of people reached indirectly: 13,328 The Polish Financial Supervision Authority (UKNF) To celebrate GMW2019, The Polish Financial Supervision Authority (the UKNF), in partnership with the Ministry of Finance, ensured that many schools across the country participated in the global Campaign. The activities raised awareness about money matters amongst children and youth and allowed them to develop knowledge and skills needed to become financially independent and employable in the future. The younger students created money boxes from recyclable materials and made posters on the GMW2019 theme “Learn.Save.Earn.” The older students participated in art competitions. Additionally, the youth participated by taking part in financial educational games, created their own personal budgets, prepared classroom newspapers, broadcasted programs, and made a GMW school blog. The Ministry of Finance offered free teaching materials within the “Finansoaktywni” educational program, which taught children how taxes work, why we pay them, and what is funded by taxation. The GMW school coordinators were offered access to the UKNF’s publications on financial literacy. All teachers who took on the role of GMW school coordinator were invited to a training seminar on issues related to the financial market, organized by the UKNF within the educational project called CEDUR - The Educational Centre For Market Participants. 130
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Portugal Leading organizations: Fundação Dr. António Cupertino de Miranda (FACM), Gondomar school Agrupamento de Escolas N.º 1 de Gondomar, ISEC Lisboa, Novigesto, Portuguese National Plan for Financial Education, Banco de Portugal, Portuguese Securities Market Commission (CMVM), Portuguese Insurance and Pension Funds Supervisory Authority (ASF), WLINK Group Participating organizations: 10 Media Organizations, 111 Schools, 34 Municipalities, Academia Sénior da Universidade dos Açores – Açores, Agrupamento de Escolas A Lã e a Neve – Covilhã, Agrupamento de Escolas Afonso III – Faro, Agrupamento de Escolas da Maia – Maia, Agrupamento de Escolas de Mangualde– Mangualde, Agrupamento de Escolas de São Martinho do Porto – São Martinho do Porto, Agrupamento de Escolas de São Pedro do Sul – São Pedro do Sul, Agrupamento de Escolas General Serpa Pinto –Cinfães, Agrupamento de Escolas Marinha Grande Nascente – Marinha Grande,
Agrupamento de Escolas n.º 1 de Gondomar – Gondomar, Agrupamento de Escolas Padre António Andrade – Oleiros, Agrupamento de Escolas Padre António Martins de Oliveira – Lagoa, ASFAC Associação de Instituições de Crédito Especializado – Lisboa, Associação de Instituições de Crédito Especializado – Lisboa, Centro Educativo dos Olivais – Coimbra, Colégio Gente de Palmo e Meio – Açores, Economics School of the University of Porto, Escola Básica de Jovim e Foz do Sousa, Escola Básica Integrada Canto da Maia – Açores, Escola Profissional de Serviços de Cidenai – Santo Tirso, Escola Profissional Vértice – Paços de Ferreira, Escola Secundária Dr. Joaquim de Carvalho – Figueira da Foz, Escola Secundária/3 Prof. Dr. Flávio F. Pinto Resende – Cinfães, Fundação Dr. Cupertino de Miranda –Porto, General Direction of Schools, INETESE - Instituto para o Ensino e Formação –Lisboa, ISCEM – Instituto Superior de Comunicação Empresarial – Lisboa, Portuguese Association of Insurers, University of Porto Number of children reached directly: 5,585 Number of people reached indirectly: 6,380 Portuguese National Plan for Financial Education To launch GMW2019, Banco de Portugal hosted students, who participated in a game titled “Balance the Budget.” After this session ended, the students and teachers participated in the game, “Vértice Financeiro” and watched a theater play, titled “A família Moedas.” During the Week, the Portuguese Insurance and Pension Funds Supervisory Authority (ASF) developed organized an event for students from a vocational school. Throughout the Week, schools across the country organized their own activities, which included classroom discussions, games, financial education app, conferences, and workshops on saving and budgeting. Fundação Dr. António Cupertino de Miranda (FACM) Fundação Dr. António Cupertino de Miranda (FACM)
organized the 3rd Edition of Financial Education Olympiads, which consists of a competition, where classes, enrolled in the “No Poupar Está o Ganho” financial education project, answered questions about various financial education themes. “No Poupar Está o Ganho” is a project which teaches students and teachers financial knowledge in order to change attitudes and behaviors. ISEC Lisboa ISEC Lisboa organized a treasure hunt game where the children had to answer questions on the awareness and the importance of “money budgeting”. All participants received a “Do-ItYourself” piggy bank to save money for some personal project. In the end, all participants received a treasure chest full of chocolate coins. WLINK Group Wlink organized workshops, high-level discussions, educational sessions, and lessons at schools. Throughout the Week, young people were able to engage themselves at the construction of piggy banks with recycled materials. Gondomar school - Agrupamento de Escolas N.º 1 de Gondomar The School organized a visit to the Oporto branch office of the Banco de Portugal. Additionally, children participated in challenges, all on the subject of financial literacy. Furthermore, students participated in a play, and performed for their parents and guardians. Novigesto During each day of Global Money Week 2019, Novigesto provided seven online debates. The debates were on different subjects, including Financial Planning, Investing, Saving, Learning, Participating, Youth Finance, and Senior Finance.
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Puerto Rico Leading organizations: Nuestra Escuela, Inc. Participating organizations: Not reported Number of children reached directly: 56 Number of people reached indirectly: Not reported Nuestra Escuela, Inc. As part of the GMW2019 celebrations, the students of the Nuestra Escuela participated in an activity, which they organized themselves. The objective of the activity was to learn about financial planning of items related to their own interests. After searching for prices of the objects, the students applied the taxes of each product and calculated the exact pricing of the merchandise. This allowed them to understand the concept taxation and pricing regulations. Additionally, the students participated in another activity on taxation. Finally, the students were able to participate in a workshop on financial planning, where they reviewed the goals of Global Money Week. The concepts of budgeting and pricing were explained to them and they were able to practice with examples.
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Qatar Leading organizations: Qatar Financial Center, QNB, Embassy of the Kingdom of the Netherlands, WestBay Consultancy, Qatar Financial Markets Authority Participating organizations: 15 Schools, 7 Media Organizations, Doha College - West Bay campus., INJAZ, Othman Bin Affan Boys Model., Qatar Financial Centre Regulatory Authority, Qatar Stock Exchange, Qatar University, Qatar University College of Business Economics Number of children reached directly: 1,530 Number of people reached indirectly: 370,080
Qatar Financial Markets Authority During GMW2019, the Qatar Financial Markets Authority (QMFA) organized multiple awarenessraising activities and programs, aimed at spreading financial and economic knowledge amongst children and youth. A team from QMFA visited different schools and universities and organized lectures and activities, aimed at improving the financial skills of the youth. The team also highlighted Qatar National Vision 2030, the Second Strategic Plan for Financial Sector Regulation “SSP” and the QFMA Strategic Plan, focusing on the QFMA role as a regulatory and supervisory authority, as well as a brief about the International Organization of Securities Commissions (IOSCO). Qatar Financial Center GMW2019 was festively launched by the Dutch Ambassador to Qatar, the CEO of Qatar Financial center, children from participating Qatari schools and other high-ranking representatives from the participating organizations. The event was widely covered by different media organization. Throughout the Week, volunteers from the QNB and its partners, went out to different schools in the country to give interactive guest lectures. With the help of the Qatar Financial Centre, the lesson materials, based on the material provided by the Money Wise Platform (“Wijzer in Geldzaken”) in the Netherlands, received a “local” makeover, tailored to the environment in Qatar. The Qatar Stock Exchange (QSE) hosted many students throughout the Week and provided programs that gave the students an insight into the working of the financial market. The Qatar Financial Markets Authority (QFMA) gave a workshop for Qatar University students, where they discussed subjects such as saving, securities and the role of the Capital Markets in the Financial Markets.
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Romania Leading organizations: Asociatia pentru Promovarea Performantei In Educatie, Banca Comerciala Romana (BCR), Financial Supervisory Authority, Key International School, National Bank of Romania, Royal School in Transylvania, Sago Finance, The Right to Education Foundation, Transylvania College Participating organizations: 4 Media Organizations, 14 Universities, 47 Colleges, 645 Schools, AEGON Romania, Allianz-Tiriac Insurance, Alpha Bank, Arad School Inspectorate, ARDOR Banat, ARDOR Muntenia, Argeș School Inspectorate, Artigiana, ASIROM, Asito Kapital, Association for the Economic Development of Romania, Atelier Mass, Bacău School Inspectorate, Banca Transilvania, BCR Life Insurance, Bihor School Inspectorate, Botanical Garden Cluj-Napoca, Botoșani School Inspectorate, Brașov School Inspectorate, BRD Life Insurance, BRD Private Pensions, British Council, British Embassy of Bucharest, Brăila School Inspectorate, BT Asset Management, Bucharest School Inspectorate, Bucharest Stock Exchange, Buharest Stock Exchange, Carturesti, Cluj School Inspectorate, CMMD Mariciuc Bogdan, Consulate of Sweden Cluj-Napoca, Cyber Threat Defense, Electric Castle, Evozon, Financial Market, GarantiBank, Idea Bank, InflectionPoint, ING Romania - ING Bank N. V. Amsterdam, KInetic Sports Medicine, Laura Siminiceanu, Little People, Mary Restaurants, MasterCard, Minister of Education, Nobila Casa, Note Furniture, OTP Bank Romania, Parents’ Lighthouse, Primaria Municipiului Cluj Napoca, Prodglob Clasic Glass, Quantic Lab, Resido, Secpral Pro Instalatii, Sibiu School Inspectorate, SIF Moldova SA, SIF Muntenia SA (SAI Muntenia Invest SA), SIF Transilvania SA, Signal Iduna, SSIF Blue Rock Financial Services SA Number of children reached directly: 50,589 Number of people reached indirectly: 72,051
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Financial Supervisory Authority The Financial Supervisory Authority of Romania (FSA) led national events during GMW. Additionally, the FSA drove through Bucharest, in the Financial Education Bus, where students and teachers from schools had the opportunity to talk to FSA representatives and other financial experts. The third edition of the EduFin Gala Awards took place, that celebrated the most innovative financial educational initiatives and programs that were developed during 2018. National Bank of Romania Expert representatives from the National Bank of Romania visited over 140 schools throughout the country, to talk about subjects including the history of the Bank, the national currency, the Bank’s role, and what functions the Bank has. Royal School in Transylvania The School organized multiple events were for the community, including “5 Success Stories”, where local entrepreneurs talked about their road to a successful business, the BizzStarters Competition, and the Crafty Kids Fair. Asociatia pentru Promovarea Performantei In Educatie During the Week, financial literacy awareness sessions were offered for children, youth, and adults. High-level discussions, seminars, and other educational sessions were organized in high schools, and a launch of high school financial education textbook was held. Banca Comerciala Romana (BCR) Banca Comerciala Romana launched Money School, which is a National Finance Literacy Program, aiming to help the citizens of Romania to manage their funds much more efficiently and be aware about the various factors that may or may not influence their
financial independence. Transylvania College Transylvania College organized various activities throughout the Week for the students in kindergarten, primary and high school aiming to teach them how to Learn, Save and Earn. The Right to Education Foundation For GMW2019, The Right to Education Foundation organized financial education trainings. The children and youth involved in the program learned about the importance of acquiring a healthy and responsible financial behavior much needed for their present, but most importantly, future well-being. Sago Finance Sago Finance partnered with Financial Market to target children and youth through workshops. Financial awareness sessions were organized for youth aged 18 to 21 years. In collaboration with the Music University, panel discussions, workshops and educational sessions were conducted. Key International School Key International School organized an event to give children the opportunity to identify real life problems and find relevant solution to this.
Russian Federation Leading organizations: Ministry of Finance of the Russian Federation Participating organizations: 23 Commercial Organizations, 60 Educational Institutions, Ministry of Education of the Russian Federation, Ministry of Science and Higher Education of the Russian Federation, Russian Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing, The Ministry of Culture of the Russian Federation Number of children reached directly: 1,875,968 Number of people reached indirectly: 9,905,000 Ministry of Finance of the Russian Federation Once again to celebrate Global Money Week, the Russian Federation organized many events and activities in line with their National Strategy to improve financial literacy. For GMW2019, the Ministry of Finance, together with the Federal Service for Supervision of Consumer Rights, Protection and Human Well-Being, organized over 41.000 financial literacy related events in 85 regions in the country. Children, youth and adults participated in in-person lessons and lectures, online seminars and courses, and an online marathon on financial literacy. Some innovative events included the Quests for Financial Literacy. This was a series of practicallyoriented games, taking place in both schools and on the city street. Close to 5.000 people, or 1.500 teams, participated in the quests. Sberbank organized a new format of events to teach financial literacy to disadvantaged groups, namely webinars with sign language translation. These webinars were the first to ever be held in history of GMW in Russia and it allowed the reach to be expanded, by attracting hearing impaired children. The celebrations in the country lasted for three weeks. Global Money Week Report 2019
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Rwanda Leading organizations: AIESEC Rwanda Participating organizations: Adventist University Of Central Africa, African Leadership University, Economic Policy Research Network, Green Hills Academy, I&M Bank, Igihe Media Company, Institute Of Certified Public Accounting Of Rwanda, Lycee De Kigali School, Ministry Of Finance, National Bank Of Rwanda, Rwanda Broadcasting Agency, Rwanda Revenue Authority, Rwanda Stock Exchange, University Of Rwanda Number of children reached directly: 1,288 Number of people reached indirectly: 1,250 AIESEC Rwanda Throughout GMW2019, AIESEC in Rwanda along with EPRN, ICPAR, Ministry of Finance, I&M Bank, Rwanda stock Exchange, Rwanda Revenue Authority, National bank of Rwanda, reached out to children and youth, by organizing visits to the stock exchange and banks. Financial literacy awareness sessions were offered for children, youth and adults. The sessions were conducted based on the GMW2019 theme “Learn.Save.Earn”. These sessions were held in all the provinces of Rwanda. There were high-level discussions, seminars, and other educational sessions organized in collaboration with Ministry of Finance. The aim was to create awareness of the government program‘’ejyo Heza’’ meaning save for the future, which hopes to teach people how to save. Additionally, the Rwanda Stock Exchange was festively opened by students from Green Hills Academy, University of Rwanda and University of Tourism and Technology. Throughout the Week, young people were able to engage themselves at the Rwanda Revenue Authority exhibitions, to explore how taxes are imposed, implemented and how youth can contribute to its growth. Furthermore, this year university students attended a workshop on awareness of accounting courses and offers by the Institute of 136
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Certified Public Accounting of Rwanda. This was held at University of Rwanda. At the close of the week, additional Financial Fairs were held both in HUYE province and African Leadership University in Kigali.
Samoa Leading organizations: Central Bank of Samoa Participating organizations: 31 Schools, Apia Insurance Company, Corner Nelson Library (Program for Child Vendors), Federal Pacific Insurance, National Pacific Insurance, Progressive Inssurance, Samoa Life Insurance, Tertiary Level Business Systems Limited Number of children reached directly: 463 Number of people reached indirectly: 7,216
Central Bank of Samoa The Central Bank of Samoa once again led the Global Money Week events in the country. The different events organized included the “Be Money Wi$e” Poster Competition, with this year’s theme being “Today’s $avings for Tomorrow’s Dreams”. While the poster competition is directed at primary school students, 2019 marked the first year that an art competition was introduced to college students. Other events included the Understanding Insurance Workshop, the Youth Financial Wellness Debate, and a Women in Finance Session. During the Understanding Insurance Workshop, different insurance companies came together to raise awareness on the insurance environment for young people. The key objective of the workshop was to allow students to learn about insurance as a way of saving. The Bank hosted the first ever Youth Financial Wellness Debate Competition. Students were given several topics to research concerning financial matters that are currently happening in Samoa and at the end of the event, the children shared what they had discovered and how their mind-sets had changed regarding financial behaviors and the financial sector development. Finally, the Bank organized a Women in Finance Session, in collaboration with WinLA, to educate and inspire young boys and girls to learns about basic skills concerning financial literacy. The key objective was to inspire and motivate young minds on how to become financially literate and great leaders.
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Sao Tome and Principe Leading organizations: MOVE São Tomé and Príncipe Participating organizations: Banco Internacional de São Tomé e Príncipe (BISTP), Clube de Empreendedorismo - Liceu Nacional, Instituto da Cooperação e da Língua - Camões Number of children reached directly: 30 Number of people reached indirectly: 1,550 MOVE São Tomé and Príncipe MOVE in São Tomé and Príncipe organized 4 activities during Global Money Week 2019, reaching out to young students and entrepreneurs. The celebrations started with a group activity titled “Paperclip Challenge”, during which the participants had to create as much revenue as possible with limited resources. Paperclips were used as an initial investment. The students also had the opportunity to visit the International Bank of São Tomé and Príncipe, where employees explained how a bank is organized and answered several questions about the Bank’s methodology to earn money. Additionally, MOVE organized a financial seminar, where two successful entrepreneurs talked about the importance of women’s financial independence. To close the Week, students were asked to participate in a game, which allowed them to gain awareness about the differences between essential, secondary and luxurious goods.
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Saudi Arabia Leading organizations: SEDCO Holding, Social Development Bank, Sown Advisory for Individuals and Families Participating organizations: 1 Shopping Mall, 11 Universities, 15 Schools, 2 Chambers of Commerce, 2 Social Development Centers, 3 NGOs, 5 Educational Centers, 8 Colleges, Little Traders, Ministry of Education, Ministry of Labor and Social Development, Red Sea Mall, SABB Bank Number of children reached directly: 7,434 Number of people reached indirectly: 1,195,727
Social Development Bank As part of the Global Money Week 2019 celebrations, the Social Development Bank ensured to reach children and youth all over Saudi Arabia. During the Week, the Social Development Bank visited numerous institutions, including schools, universities, social development centers, NGOs, Chambers of Commerce, and education centers in different cities. During these visits, the organizations executed multiple activities, such as workshops, trainings and courses, and exhibitions, to raise the financial awareness among children and youth in the country. Additionally, children, aged 4 to 12 years old, were able to participate in interactive financial activities in malls, to learn about the value of money, the importance of saving, and the difference between wants and needs. SEDCO Holding Riyali began GMW2019 with their participation in the GMW Countdown Challenge. They translated the questions in Arabic and posted them on social media for the youth to participate. During the Week, Riyali organized numerous activities including visits and lectures. A total of 5 schools were reached and lectures were conducted on the basics of financial literacy and savings. One of the activities included a time capsule, where students wrote down their financial goals for the next year. The capsule will be opened next-year. The activity aims to teach students to set financial goals and work towards achieving them. Another activity focused on saving, with the aim to teach the art of saving money from a young age. Throughout the Week, Riyali engaged people on social media through pictures and videos highlighting their activities. The organization took to social media to reach as many people as possible, asking them to share old money notes and encouraging entrepreneurship. A visit to SABB Bank was
organized for school students with the aim of raising financial awareness. Additionally, Riyali partnered up with Little Traders, an organization that helps children learn about entrepreneurship and how to start their own business. An event called Kidrepreneurs was organized to give young entrepreneurs the chance to display their business and sell their products to the public. The kid entrepreneurs were given real life experiences of entrepreneurship like interviews in, which they explained their journey, what inspired them, how they started their business, and how they would like their business to grow. All these stories from the kid entrepreneurs were collected and compiled in a book to encourage people. Sown Advisory for Individuals and Families Sown Advisory participated in GMW2019 for the third time as a leading organization. There were various awareness programs designed for different age groups; adults, youth and children. These awareness programs were focused on several subjects such as personal financial planning, financial education, dealing with credit cards, loans, depreciation, investment funds, real estate, inflation, financial education for children, financial decisions, smart targets, investment, and retirement planning. Throughout the Week, many book readings on financial books were held along with discussions and was attended by young women. In addition to these activities, two sessions were delivered for female high school students on setting smart goals. Two live-online seminars were organized on personal financial planning. Sown’s team visited charities and delivered three financial education sessions for children and their families. Sown Advisory was a part of Riyadh international book fair 2019, which was a great opportunity to reach many people and spreading financial awareness.
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Senegal Leading organizations: Fin’Education For Youth, YES-Senegal, Centre Sportif Fayda, JOB, EAB Participating organizations: CEM parcelles Assainies, Centre Sportif Fayda, CSI Ecole Actuelle Bilingue, CTIC, Lycée de Wakam Number of children reached directly: 150 Number of people reached indirectly: 325 Fin’Education For Youth For GMW2019, Fin’education, partnered along with Centre Fayda and reached 60 children and youth, through visits to museum money and financial literacy awareness sessions for children, youth and adults at Ctic Dakar. There were two training sessions organized on financial education at CTIC & the ISEG training school, in collaboration with the Fayda Centre. During the Week, interactive classes with students were also conducted. Discussions were conducted with the aim to bring awareness about financial education for youth. YES-Senegal For GMW2019, YES-Senegal-Centre Sportif Fayda-JOB-CSI-EAB, collaborated with partners BCEAO, Aflatoun Senegal, and CSE EAB. Several activities organized included visits to BCEAO Money Museum, financial awareness and educational sessions by Aflatoun Senegal, and a sports competition at CSI EAB for children, youth, and adults. Along with these sessions, an exchange program was held with the participation of Aflatoun Tunisia and an elementary school.
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Serbia Leading organizations: Center for Financial Education and Empowerment (CEFIN), National Bank of Serbia Participating organizations: 1 University, 5 Schools, 50 Educational Institutions, 8 Media Organizations, Business Innovation Center Kragujevac, Casa Forte, Deli, Erste bank, Grawe osiguranje, ICT HUB, Intesa Invest, University Singidunum Number of children reached directly: 803 Number of people reached indirectly: 206,500 National Bank of Serbia The National Bank of Serbia launched its GMW2019 Celebrations with a live radio and television show, broadcasted from its Visitor Center. Throughout the Week, the National Bank hosted visits at its Visitor Center, and conducted workshops and lectures. In the Visitor Center, children could see the exhibition “Money in the Territory of Serbia”, with a chronological display of samples from the NBS numismatic collection, and the two other exhibitions, titled “Coin-Minting – from the Conceptual Design to the Mint” and “Counterfeits”, which was about security features of the dinar, the euro, and the dollar. Additionally, video materials and interactive content, such as souvenir banknotes with one’s own portrait. Visitors were able to choose from a number of different financial educational activities, such as Workshops “Counterfeits”, “Distinguished Persons Featured on Current Dinar Banknotes” and “Dinar – Our Money”, “Exchange rate”, “Me and My Budget”, and a tournament in the educational game “Saving for Ageing.”
Center for Financial Education and Empowerment (CEFIN) Throughout GMW2019, CEFIN, and its partners, organized financial literacy awareness and entrepreneurship sessions in 4 different cities. These sessions included Coin&Fund online business simulation, which was developed by University Singidunum and Casa Forte. The game was designed and implemented as an education tool via which users, with different levels of knowledge, have the opportunity to understand how their decisions as CEO of a virtual company affect the business of the entire company. The teams were guided by business experts. In Belgrade, two parallel programs were organized. The first was a financial education program for children and adults, where CEFIN had prepared an interactive finance workshop for children aged 6-10, aimed at teaching them where money comes from, how to set goals and how to save for those girls. After the workshop, a Children’s Market was organized, where the children took on the role of entrepreneurs and sold goods of their choice. The second program was one for adults, which included a lecture on savings, a presentation on the #ErsteZnali online financial education platform, a lecture on saving through life insurance, and finally, a lecture on saving through investment funds. Furthermore, the ICT Hub at the Belgrade Erste Bank installed a finance wheel, which is a financial education quiz. The winners of the quiz received fortune cookies with financial advice.
The Week ended with the announcement of the winner of the “Startup and student entrepreneur” competition, chosen by representatives of the National Bank, were students presented their projects/business plans. Global Money Week Report 2019
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Seychelles Leading organizations: UN Youth Seychelles Participating organizations: Anissa Rose Make-up, Barclays Bank Seychelles, Guy Morel Institute, H Savy Insurance, Independence School Seychelles, Mauritius Commercial Bank, Ministry of education and participating schools, Nouvobanq, Sacos Group Ltd, Seychelles Business Studies Academy, Seychelles Pension fund, The Central Bank of Seychelles, University of Seychelles, Well of Inspiration Number of children reached directly: 174 Number of people reached indirectly: 460 UN Youth Seychelles Seychelles celebrated Global Money Week for the second time in 2019. UN Youth Seychelles initiated several activities, and along with its partners, organized visits to various financial institutions. The Week was launched with an official Ceremony, with an opening speech provided by the Governor of the Central Bank of Seychelles. The address was followed with presentations on personal finance and other financial matters, provided by different stakeholders A financial tour was organized for students from various schools, to allow them to visit commercial banks, insurance companies, the Seychelles Pension Fund and the Central Bank of Seychelles. The visits enabled children to learn about the functioning of these institutions and get an insight into possible career opportunities. Additionally, it allowed for the institutions to engage with an audience that is younger than the typical age demographic of their clients.
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Singapore Leading organizations: Smarter Me Participating organizations: 1 School Number of children reached directly: 50 Number of people reached indirectly: 2,000 Smarter Me During Global Money Week 2019, Smarter Me in Singapore reached over 50 children and youth directly, through its Money Matters school holiday bootcamps, where children gained first-hand experience and knowledge in financial literacy. Through a series of games, children learned about money, their money personality, and how to set a financial goal and a budget to achieve that goal. They applied their newfound knowledge in real-time, when their set up stalls to sell their products. This allowed the students to learn about cost analysis, making an educated assessment of their sales volume, coming up with a profit margin, and a corresponding price. The activity ensured that children and youth learned how they can earn money, the importance of having goals, and saving for it.
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Slovakia Leading organizations: OVB Allfinanz Slovensko (AkadĂŠmia vzdelania OVB) Participating organizations: 12 schools Number of children reached directly: 125 Number of people reached indirectly: 700 OVB Allfinanz Slovensko (AkadĂŠmia vzdelania OVB) For GMW2019, AkadĂŠmia vzdelania conducted activities at 12 primary and secondary schools. In the primary schools, an internet game was played amongst the children, named Moja Familia (My Family). In this game the children had to manage the finances of their families. This activity was aimed to teach budgeting to the young children. In secondary schools, a board game was played, named Sloboda (Financial Freedom). In this game, the children had to manage their finance during common lifetime situations they may face in 30 years. The students were involved in various competitions and tested their skills in financial literacy.
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Slovenia Leading organizations: National Education Institute of the Republic of Slovenia Participating organizations: Bank Association of Slovenia, European Banking Federation, European Commission Representation in Slovenia, Home Economics Association of the Republic of Slovenia, Institute of the Republic of Slovenia for Vocational Education and Training, Insurance Supervision Agency, Ljubljana Stock Exchange, Ministry of Finance, National Bank of Slovenia, Securities Market Agency, Skupna pokojninska družba, d. d., Ljubljana, Slovenian Insurance Association, Slovenian Investment Fund Association, Zveza potrošnikov Slovenije Number of children reached directly: 2,700 Number of people reached indirectly: 20,000 National Education Institute of the Republic of Slovenia For the 8th year, the National Education Institute of the Republic of Slovenia led the GMW celebration in Slovenia, with a series of activities aimed at children and youth. The Institute organized a National
Workshop on the importance of financial literacy, financial education and financial inclusion. The Banking Association, together with other stakeholders and participating organizations, hosted a high-level round table discussion on financial literacy and education. Prior and during the Week, information about the GMW2019 Campaign and suggestions for financial education classes were published on the Institute’s website. Teachers were encouraged to conduct activities that would cover topics such as money, coins and banknotes, the functions of money, virtual money, insurance, income and expenses, family budget, deposits, and other interested financial related topics. The teachers prepared several activities to emphasize the importance of financial literacy for youth. The Ljubljana Stock Exchange organized three open days for students during GMW2019, were it conducted an exciting program, featuring a quiz on the stock. The aim of the event was to raise awareness on the importance of financial literacy to ensure a successful financial future for every individual and to increase the level of financial literacy amongst youth. The Exchange hoped to bring itself closer to young people and to enable them to understand its operations and importance. Many prominent experts from the financial field, including the Slovenian Investment Fund Association, NLB and Joint Pension Company, conducted lectures at the event. Additionally, multiple institutions organized separate activities, to raise the level of financial literacy amongst students. During the visits, educational lectures were conducted on topics related to the functioning of the institutions. Finally, multiple schools also participated in the European Money Quiz. Global Money Week Report 2019
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Solomon Islands Leading organizations: Central Bank of Solomon Islands Participating organizations: 2 Schools, Solomon Islands National Provident Fund (SINPF) Number of children reached directly: 594 Number of people reached indirectly: 1,100 Central Bank of Solomon Islands GMW2019 marks the fourth year that the Solomon Islands participated in the Campaign. All events were centered on the theme “Learn.Save.Earn”. The Bank representatives visited two schools during the Week. The first activity organized was a session on financial literacy awareness, titled “What is Money and Savings”. The second session was based on introducing the NPF YouSave Product. The product was designed for the informal sector and targets unemployed market vendors and students aged 16 and above. The third session was a Q&A session, to gather feedback on the financial literacy awareness session. In addition to these sessions, learning materials on saving and calendars were given to the students.
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South Africa Leading organizations: Africa Financial Inclusion Network, Positive Planet International, The Banking Association South Africa Participating organizations: ABSA, ACTIVATE! Youth organisation, Africa Financial Inclusion Network, Boys and Girls Club of South Africa, Civics Academy, First National Bank, Ithala Bank, Junior Achievement South Africa, Nedbank, Old Mutual, Ombudsman for Banking Services, Postbank, SaveAct, Teen Expo Number of children reached directly: 1,710 Number of people reached indirectly: 15,350 Africa Financial Inclusion Network During GMW2019, Positive Planet International, together with SaveAct, organized a training session on financial education. The session was offered to Saving and Credit Group members, and children from different working environments were targeted. The session involved high-level discussion on financial matters, such as budgeting issues and using diverse financial education tools. Additionally, the Africa Financial Inclusion Network organized financial education sessions, a debate with university students, and inspirational talks from entrepreneurs. The Banking Association South Africa For Global Money Week, the Banking Association South Africa (BASA) delivered their StarSaver financial lessons to children and youth, organized visits to the ABSA Money Museum, and played educational financial literacy games. The youth attended financial education workshops, workreadiness programs, and visited financial institutions. The sessions covered topics such as budgeting, differentiating between needs and wants, tracking daily expenses, entrepreneurship, setting realistic financial goals, saving, and investing.
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Spain Leading organizations: Apprender Cuenta, Institut d’Estudis Financers (IEF), PayPal Participating organizations: 3 schools, Acis Artur Martorell, Agència Tributària de Catalunya, Borsa de Barcelona, Col·legi de Censors Jurats de Comptes de Catalunya, Col·legi Mary Ward, Col·legi Sant Josep Carmelites Missioneres, Col·legi Sil, Col·legi Verge de la Salut, Escola Garbí Pere Vergés Esplugues, INS Alella, Institut Català de Finances, Regina Carmeli Rubí, Sucursal de Barcelona del Banco de España, United Way Foundation Number of children reached directly: 497 Number of people reached indirectly: 24,053 Apprender Cuenta For GMW2019, Aprender Cuenta organized various activities aiming to involve children, along with their families. The goal was to make them aware about the importance of financial education in their lifetime, to improve their welfare and future opportunities. The volunteers of Aprender Cuenta organized 4 training workshops for children aged 12-16 years, on the slogan “Learn.Save.Earn”. The goal was to enhance their financial awareness in the terms of saving money, ethical use of money, and the means to use this knowledge throughout their lives. Furthermore, a seminar was conducted by the organizers for the children and their families, focusing on learning healthy financial habits together. Additionally, a conference specifically for the parents was organized, to teach them the importance of financial education in childhood. PayPal For Global Money Week 2019, PayPal Spain partnered with United Way Spain to reach 50 children and their teachers at two financial education sessions on how to earn, spend and save money safely. 148
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Institut d’Estudis Financers (IEF) Once again, the Institute of Financial Studies (IEF) organized many activities to celebrate GMW and promote financial education for young people. The activities included lectures on how to create a business plan, how macroeconomics and financing affect our daily lives, and news in Big Data and Fintech. In addition, workshops and special visits were organized at the Bank of Spain, the Barcelona Stock Exchange, the Agència Tributària de Catalunya, the Collegi de Censors Jurats de Comptes de Catalunya, and the Institut Català de Finances.
Sri Lanka Leading organizations: Network for Education Children and Youth Sri Lanka Participating organizations: 132 Schools Number of children reached directly: 15,000 Number of people reached indirectly: 11,500 Network for Education Children and Youth Sri Lanka For GMW2019, Network for Education Children and Youth Sri Lanka organized events for over 15,000 children and youth. Financial literacy awareness sessions and camps were organized for children and adults. Throughout the Week, various activities were planned for children. These events were attended by high-level representatives from the provincial director of Education, Zonal Education officers, bank managers, and civil society leaders.
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Suriname Leading organizations: Central Bank of Suriname Participating organizations: 6 Media Organizations, Anton Resida School, Ministry of Education, Science & Culture, MULO Schotelweg Number of children reached directly: 767 Number of people reached indirectly: 450,272 Central Bank of Suriname In Suriname, GMW2019 was festively launched at a high school, in the presence of the Central Bank Governor, Central Bank staff, the Minister of Education, Science and Culture, students, teachers and the media. During the Week, financial literacy awareness sessions were offered at two schools. The first activity organized was titled “Money Tree”. Each student received a drawing of a Money Tree, which they filled in on the basis of arithmetic assignments. The students had to write down their saving goal in the tree, as well as the pricing of their saving targets. The goal of this activity was to create awareness of savings. The second activity was the Saving Quest board game, where students learned about saving and counting money, by carrying out various assignments. The third activity was an online game on the functions of the Central Bank. Prior to the Quiz, the students watched a video explaining the 5 main tasks of the Central Bank, after which the online quiz started. The fourth activity was Money Lab, where the students learned about the security features in the country’s banknotes and learned how to recognize and distinguish the different features. The activity was conducted with the help of a light box and a magnifying glass. Two workshops were organized. The first was on money management, where the students learned about the importance of (daily) money management. The second workshop was on saving, where the students learned about the importance of saving and the different forms of saving. The final activity was Linkpix, where students developed knowledge on different subjects concerning money, entrepreneurship, insurance, pensions and savings. 150
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Swaziland Leading organizations: Centre for Financial Inclusion, Ministry of Finance, Ministry of Education Swaziland Participating organizations: 4 Organizations, 40 Schools, Asset Managers, Banks, Central Bank Eswatini, Financial Services Regulatory Authority, Insurance Companies, Junior Achievement, SACCOs Number of children reached directly: 1,025 Number of people reached indirectly: 281,015 Centre for Financial Inclusion During GMW2019, the Ministry of Finance, through the Centre for Financial Inclusion, and the Central Bank engaged students and teachers who are enrolled in the Junior Achievement Financial Literacy Programme. The Week was launched at the University of Eswatini Kwaluseni Campus, by the Hon Minister of Education and Training, Lady Howard Mabuza. The Minister highlighted the importance of early exposure to financial literacy for young people to make responsible financial decisions. The Governor of the Central Bank of Swaziland also attended the launch event and stated that financial literacy education can transform the lives of Swazis, subsequently transforming the economy of the country. Additionally, sessions on the role of the stock exchange were organized and tips were given on how to raise capital for businesses. Issues such as the role of technology to facilitate financial services and products, the importance of digital financial services to reduce transaction costs, the nature of the changes in the financial landscape, which are brought about by cryptocurrencies, and the role of regulation to build confidence in the use of financial services and products by the population at large were discussed. All events and activities were shared via social media.
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Sweden Leading organizations: Finansinspektionen Financial Supervisory Authority Sweden Participating organizations: Alecta, Gilla Din Ekonomi (Like Your Finances), Gimi, Halmstad City Library and Bibliotekspodden (the Library podcast), Halmstad kommun (Halmstad Municipality), KPA pension, Nordea, SACO studentråd, Swedbank and Sparbankerna, Swedish Bankers Association, Swedish Fund Association, Ung Privatekonomi (Youth Personal Finances), Unga Aktiesparare (Youth Investors) Number of children reached directly: 5,020 Number of people reached indirectly: 293,480 Finansinspektionen - Financial Supervisory Authority Sweden For Global Money Week, the Financial Supervisory Authority Sweden made an increased effort to highlight the Campaign for specific target groups. A National Money Quiz was organized for secondary schools by the Swedish Bankers’ Association. Ung Privatekonomi (Youth Personal Finances) and Swedish Fund released a report during the Week, focusing on the financial knowledge of secondary school students and their approach towards money. During the Week, several lectures were organized by banks and Junior Achievement Sweden. Additionally, a petition for children was published on social media. The petition, titled “We must talk about money” featured short films, targeting different age groups. Public readings for kindergartners were organized in libraries, where the children learned about allowance. Parents participated as well, by making a podcast on debt and children’s books about money. Swedbank and Sparbankerna gave tips on the different ways to talk to children about money.
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Switzerland Leading organizations: International School Rheintal Participating organizations: Not reported Number of children reached directly: Not reported Number of people reached indirectly: Not reported International School Rheintal Once again to celebrate Global Money Week, the International School Rheintal organized amazing events for their students. As part of GMW2019, the School engaged its students in multiple interesting activities focused on financial literacy. During the Week, the students set up their own business for the week and then kept track of the expenses and profits. Additionally, they analyzed whether the project was successful or not. Furthermore, the School set up KIVA loans and the children were involved in deciding who these loans should go to and who else should receive a loan. Finally, representatives from financial institutions came to the School to talk to the older students, telling them what it takes to set up a business and teaching them how they might be able to start one themselves.
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Syria Leading organizations: Mobaderoon Participating organizations: Al Ehsan ALkhairieh, Al Saidieh Nafisa School, Albaraka Bank, Alber Organisation, Alshiekh Saleh School, Bemo Bank, Fada Association, Jan Antide Church, JCI, Ladies of Love Organisation, Nour Foundation, The Cultural Centre in Homs Number of children reached directly: 1,420 Number of people reached indirectly: 5,500 Mobaderoon Mobaderoon not only organized numerous activities themselves during GMW2019, but also motivated many other organizations to participate as well. Activities arranged included visits to banks, where teenagers were able to learn about the life cycle of money and the operations conducted by banks. The Jan Antide Church guided children in saving money for the month prior to the Week, organized a bake sale, and taught the children on the importance of saving. Furthermore, Aflatoun Day 2019 was celebrated, with a Skype call to the Aflatoun Club in the Philippines, with whom the children discussed saving and the money cycle.
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Tajikistan Leading organizations: Khorog State University, National Bank of Tajikistan, University of Central Asia SPCE Tajikistan Participating organizations: 6 Media Organizations, 60 Schools and Universities, Accelerator Prosperity, Agroinvestbank in Khorog, Association of Banks of Tajikistan, Badakhshan publication house/ newspaper, Child Centre for Creativity Khorog, CJS MDO Humo, CJS MDO Imon International, CJSC “Accessbank Tajikistan”, CJSC “Bank Asia”, CJSC “Bank Eskhata”, CJSC “Bonki Rushdi Tojikiston”, CJSC “Commerce Bank of Tajikistan “, CJSC “First Micro Finance Bank”, CJSC “International Bank of Tajikistan”, CJSC “Kafolatbank”, CJSC “Orienbank”, CJSC “Sohibkorbank”, CJSC “Spitamen Bank”, CJSC MDO «Azimi-Finance», CJSC MDO «Hamrov», CJSC MDO «Tamvil», CJSC MDO «Tezinfoz», Community Based Saving Groups in GBAO(CBSG-), Construction company Sokhtmonchi, Construction
company “THURAS”, Cooperative “Zindagi”, De-Pamiri Handicraft company, Energy Company “Barki Tojik” Dushanbe, Entrepreneurship Spirit Development programme, First Microfinance Bank, First Microfinance Bank in Khorog and Dushanbe, German Development Agency (GiZ) in Khorog and Dushanbe, Ismaili Centre Dushanbe;, LCC MDO “Oxus”, LCC MDO Finca, LLC MCO “Imconiyat Khovar”, LLC MDO “Arghun”, LLC MDO “Arvand”, LLC MDO “Mehnatobod”, LLC MDO Matin, LLC MDO «Fazo S», LLC MDO «Furuz», LLC MDO «Rushdi Oriyon», LLC MDO “Azizi Moliya”, LLC MDO “Zudamal”, MCF “Microinvest”, MDO “Alif-Capital” LLC, Micro loan organization (MLO) in Khorog and Dushanbe, Ministry of Energy Dushanbe, Mountain Societies Development Support Programme (MSDSP) in Khorog and Dushanbe, National Bank in Dushanbe and Khorog, NGO Madina, OJSC “Commerce Bank of Tajikistan”, Pamir Energy Company, Public Organization Umedvor, Public organization “Rural Invest”, Regional council, Regional finance department of GBAO, Sparkassen Finanzgruppe, SSB RT “Amonatbonk”, TCELL, “Pamiri Mountain Ride” company Number of children reached directly: 12,480 Number of people reached indirectly: 54,259 National Bank of Tajikistan Throughout Global Money Week 2019, the National Bank of Tajikistan, together with its partner organizations, organized a multitude of events and activities. In total, over 9,000 children and youth were reached through the events. University of Central Asia SPCE Tajikistan SPCE UCA participated in GMW2019, in partnership with 60 various organizations. 10 lectures were conducted by banking experts for school children in Dushanbe and Khorog. During GMW2019, SPCE UCA conducted various contests including drawing, photography, video creations, essay writing, and
business plans. SPCE Khorog, in partnership with the local TV channels, organized competitions on financial literacy for students studying accounting technology and cashier programs. A talk show organized in partnership with KSU and regional finance department of GBAO, involving the contribution of local entrepreneurs, experts and students of economics faculty to debate “Learn. Save.Earn.” A concluding ceremony was conducted to disseminate the notion of GMW2019 to wider audiences through mass media and acknowledging the contributions of all partners and winners of various competitions, to further promote financial literacy among the youth. During the concluding ceremony, the work of the schoolchildren (drawings and photos) was displayed and an exhibition was organized to highlight the work of the winners and participants. The ceremony was attended by high-level representatives from local governments, financial institutions, sponsors, school directors, community members, volunteers, and active participants of GMW2019. Khorog State University GMW2019 was festively launched at the Khorog State University, by students, representatives of the Economic faculty and heads of different departments. Throughout the Week, the University organized a multitude of activities, which included visits to the First Microfinance Bank and financial literacy awareness sessions offered to children, youth and adults. Furthermore, young people explored GMW exhibitions to learn more about money matters. The University students had the opportunity to attend financial institutions and they organized Financial Fairs. The Week was closed with a financial literacy rally, where students performed, and the Dean of the Economic faculty gave a speech.
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Tanzania Leading organizations: BRAC Tanzania, St. Constantine’s International School Participating organizations: 1 Microfinance group, 4 Media Organizations, East African Community Secretariat- Common market, Customs Union and Monetary Union, St Joseph Millenium Secondary School, The First National Bank Tanzania- Arusha Branch Number of children reached directly: 132 Number of people reached indirectly: 5,759 BRAC Tanzania During GMW2019, BRAC Tanzania, along with its partners, organized visits to schools and a visit to BRAC, for a financial education seminar. An awareness campaign was conducted for BRAC staff members. The staff participated in financial education seminars, which took place in two regions. In Arusha region students from St Constantine School visited BRAC and participated in a seminar. After which they visited a microfinance group meeting to understand the operations of the microloan group system. Media representatives from local prominent newspapers were also invited to cover the activities. In Dar es Salaam over 15 staff members visited a secondary school St Joseph Millennium Secondary and educated the students on financial literacy. Students were accompanied by their teachers, Dean of Academics, and Head Teacher. A debate was conducted by the students on money matters. The activities in Dar es Salaam were chaired by the Program Manager of the Small Enterprise Program. St. Constantine’s International School During GMW, students and teachers visited the East African Community. During the visit, two lectures were provided. The first one was on the Customs Union, Common Market and the Monetary Union, and the second was on Trade and Investment Opportunities within the EAC: The Role of Youth. The 156
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students had the opportunity to ask questions about the importance of the EAC, the opportunities and challenges in the progress of integration and what the role of youth is during this process. Furthermore, older students were asked to conduct financial literacy lessons for the younger students in the school. Students were invited to the First National Bank Tanzania, where a representative taught them about savings, credit limits, keeping records, and learning how to save early on in life. Additionally, the students were taught about how saving can differ in different stages of one’s life. Finally, the students visited Brac Microfinance Women Group, where women talked about saving and small investments.
Thailand Leading organizations: Bank of Thailand Participating organizations: 17 Schools and Universities, Bangkok Bank Number of children reached directly: 815 Number of people reached indirectly: 54,856 Bank of Thailand Throughout Global Money Week 2019, the Bank of Thailand conducted an event titled “Money Detective.� During this event, visitors received clues to detect important ancient money at the Bank of Thailand Money Museum and clues to find out unnecessary expenses in financial literacy exhibition. The objective of the activity was to inspire children to learn about money, by giving them an opportunity to explore the history of money and the role of Central Bank. Additionally, the financial literacy exhibition offered was an interesting activity for the children, which was aimed at building financial literacy awareness and gave them a chance to calculate their own unnecessary expenses per annum.
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Timor-Leste Leading organizations: Banco Central de TimorLeste, MOVE Timor-Leste Participating organizations: 16 Schools, BNCTL, BNU Timor, Knua Juventude Fila Liman (KJFL), Ministry of Education, National Training Institution of Teachers, Orfanato de Bidau (Orphanage of Bidau), PT. Bank Mandiri, Persero, Tbk, PT. Bank Rakyat Indonesia, Persero, Tbk, Universidade Nacional de Timor Lorosae (UNTL) (National University of East Timor) Number of children reached directly: 2,394 Number of people reached indirectly: 3,567 Banco Central de Timor-Leste Banco Central de Timor-Leste (BCTL) celebrated GMW2019 with the theme “Save now for a Better Future”. The Week started with a national workshop co-hosted by Banco Central de Timor-Leste (BCTL), Ministry of Education, Youth, and Sports, and INFORDEPE. It was attended by the Director of Education and directors of 39 elementary schools. The schools participated in a pilot financial literacy program conducted in 12 municipalities. The objective of this program was to evaluate its implementation from the year 2016 till 2018. At the end of this Summit, it was decided to continue the financial literacy program in schools. Throughout the Week various other activities were organized. A visit was planned for students of elementary school to BCTL and commercial banks. The objective was to introduce the children to money, children’s saving account, and to familiarize them to the products and services offered by commercial bank. MOVE Timor-Leste For GMW2019, Move Timor-Leste organized 4 different events throughout the Week. The first event was aimed at teaching children the value of money. The organization created a small supermarket where 158
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children were invited to shop with real money, so they learned how much money is needed to buy essential products. Additionally, children were invited to build their own piggy banks, with the aim of teaching them the importance of saving for a better future. The second activity was a conference on topics related to fundraising and money management. Some topics, which were discussed included costs, revenues, profits, underperformance and crowdfunding. All topics were presented in relation to Timor-Leste’s economy. The third activity involved a business case resolution, where children had to discuss real life problems, such as budgeting costs or long-term saving matters. The goal was to teach them about production costs and time-value of money. For the last activity, entrepreneurs were taught about different account-recording methods. They were asked to fill out a notebook on a daily basis, with information on the product sold, the quantity, prices and the total revenue.
Togo Leading organizations: Mérite International de la Jeunesse - Togo, ONG La Colombe Participating organizations: 1FUCEC-Togo, COOPEC AVE, Agence - Entreprise de l’Union, Association Le Citoyen Exemplaire, Association Scoute du Togo, Section des Assemblées de Dieu, Cabinet Wodéwolé, Cabinet d’Expertise en Education, Inclusion financière et sociale, Centre de jeunes de Sevagan, COOPEC-AD, Agence d’Adidogomé, COOPEC-AD, Agence de Gbadago, Ecole la Bonne Semence, Ecole les Sages, Paroisse d’Amadahomé, Eglise des Assemblées de Dieu du Togo, Paroisse de Gbadago, Eglise des Assemblée de Dieu du Togo, Paroisse de Segbégan, Eglise des Assemblées de Dieu du Togo, The British School of Lomé Number of children reached directly: 600 Number of people reached indirectly: 4,760 ONG La Colombe Throughout Global Money Week 2019, La Colombe, along with their partners, offered financial sensitization trainings in schools and youth centers. Children and young people were taught about the importance of saving and how to implement this in practice. Mérite International de la Jeunesse - Togo l’Association Le Mérite International de la Jeunesse – Togo partnered with 8 organizations to reach 500 children directly for Global Money Week 2019. Activities organized included debates, conferences, trainings, contests, and other educational sessions. Children were able to open their first savings account during the Week. They learned about decentralized financial systems and about the academic training necessary to work in financial institutions.
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Trinidad and Tobago Leading organizations: Connect the Dots, National Financial Education Committee (NFEC) - The Central Bank of Trinidad and Tobago Participating organizations: 21 Schools, Bankers Association of Trinidad and Tobago, Co-operative Credit Union League of Trinidad and Tobago, Drama Making a Difference (DMAD), Ministry of Education, Office of the Financial Services Ombudsman, Scribbles and Quills Ltd (Bookstore), The Association of Trinidad and Tobago Insurance Companies, Tobago House of Assembly- Financial Literacy Secretariat, Trinidad and Tobago Insurance Institute, Trinidad and Tobago Securities and Exchange Commission, Trinidad and Tobago Stock Exchange Number of children reached directly: 609 Number of people reached indirectly: 1,609 National Financial Education Committee (NFEC) The Central Bank of Trinidad and Tobago In Trinidad and Tobago, Global Money Week 2019 was organized by the National Financial Education Committee (NFEC), with four main events. The first event was hosted by the Tobago House of Assembly – Financial Literacy Secretariat (THAFLS), and included a 45-minute interactive theater play, which highlighted responsible financial behavior. Following this, the THA-FLS organized a youth financial education exposition, which included approximately twenty booths and the Money City Center, which featured several financial education fames. The students were also given the opportunity to engage with committee members, representatives of financial institutions, and successful young entrepreneurs from Tobago. For the second event, the Financial Literacy Team from Tobago visited Trinidad for a tour of major financial business and institutions. Students were exposed to the operations of local government and 160
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were given a tour of the Parliament of the Republic of Trinidad and Tobago. They also visited the Central Bank’s Money Museum. The students got a closer look of how entrepreneurship can be used to build wealth for multiple generations. During the third event, students from Trinidad schools were invited by the National Financial Education Committee to visit the Central Bank of Trinidad and Tobago. At the Central Bank, the students learned about the importance of good money habits, through interactive theater plays. Each school was given a guided tour through the Central Bank’s museum, to learn about the history of money, the evolution and security features of money, as well as economic concepts, such as inflation. The final event was composed of the financial education exposition, where students learned about responsible financial behavior, through an interactive theater play, followed by a financial education exposition, where they participated in interactive sessions and education games. The students also competed in the “Bring Your Lyrics and Come” competition, organized by the Banker’s Association of Trinidad and Tobago. The competition was on the theme “Learn.Save.Earn”, where children competed in spoken word, poetry, rap, and calypso. Connect the Dots During GMW2019 celebrations Aisha Acres, the author and owner of ‘Connect The Dots’ launched her 2nd book “Mike’s Mission” at Scribbles and Quills Bookstore. There were 15 children in attendance, with 9 of them aged 6 and over. Aisha read several chapters from her book. The children also played Coin Toss to see who could get the most coins in the alien’s mouth, and another Money Game: Save or Spend. Coloring activity was organized for the younger children
The winner of these games received ‘The Money Adventures of Mike Murray and Friends’ story and activity books.
Tunisia Leading organizations: Enda inter-arabe Participating organizations: 4 Soliman Nurseries, Aflatoun, Amor Ben Khatab Primary School, Aouija Primary School, Bassatine Primary School, Bledi Association, Dar Blockchain, El Amen nursery, Enda Tamweel, Enda Tech, Joker ESEN Club, Manzel Bouzela Nursery, Marja Nursery, Nursery Gabes, Regional Commissary for Education of Kasserine, Saad Eddine Primary School, Sidi Harth Primary School, Sidi Tlil Primary School, Startup Haus, Takelsa Club, Technopole Manouba, The Higher School of Digital economy Number of children reached directly: 342 Number of people reached indirectly: 22, 000 Enda inter-arabe Enda inter-arabe organized several events in 4 regions across the country to celebrate GMW2019. The first event was the second edition of the
Global Money Week Hackaton, with the theme “Learn.Save.Earn”. The workshops were on Financial Education and Financial Inclusion for people living in marginalized and rural areas. The teams presented their ideas to a jury and 5 innovative projects were chosen that would have a positive impact on people living in rural and remote areas. The members of the teams won scholarships for coding training. Furthermore, two editions of Cha9a9athon (pronounced “Chakaka”, meaning piggy bank in Tunisian Arabic) were organized. The event introduced children to the notions of saving and its importance in our lives. Later, they worked on presentations, shows and tools to promote saving culture amongst their friend and their low-income families. Additionally, Enda participated in the celebration of International Aflatoun Day, where children in the country had a chance to talk to their peers in Egypt and Senegal, about what their learned regarding financial education and the social projects they had been working on. The members of the Aflatoun club also visited a school in a remote area, where they shared best practices regarding saving and controlling expenses. They also participated in the planting of olive trees in the school, as a symbolic gesture to emphasize the importance of not only the protection of the environment, but also of investing and saving. The final event was a 6-day workshop for children to learn about the different components of computers and how to assemble them. The children worked on assembling functional computers using components of broken computers. The workshop was closed with children selling their repaired computers at a small fair. This event was aimed at raising the awareness of the importance of recycling amongst young people and to help them generate money. Global Money Week Report 2019
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Turkey Leading organizations: FODER - Financial Literacy and Inclusion Association, Habitat Association (Habitat) Participating organizations: 20 Universities, 59 Schools, Borsa İstanbul, Darüşşafaka Public Schools, National Education Directorates, Ottoman Bank Museum, UNDP Turkey, VISA Turkey Number of children reached directly: 123,964 Number of people reached indirectly: 1,226,340 FODER - Financial Literacy and Inclusion Association GMW2019 was launched by FODER and Borsa Istanbul at the stock exchange, with a ring-the-bell ceremony. To celebrate Global Money Week, children and youth visited the national stock exchange, to learn about its purpose and how it operates. The children got the opportunity to ring the opening bell, which signals the beginning of the trading day. Financial literacy awareness sessions were offered to children, youth and adults. Financial Literacy and Inclusion Association (FODER) also organized multiple courses in different provinces on Financial Literacy. FODER trainers traveled to schools that participated in this event. FODER trainers targeted 20,000 children in Turkey in the age group from 9 -26. High-level discussions, seminars, and other educational sessions were organized in universities and schools. Throughout the Week, youth visited the Ottoman Bank Museum to explore money and its history. As an interactive study, the students were asked to bring coins and banknotes from their homes and write the story behind that coin or banknote, aiming to increase students’ awareness about different and old currencies. Habitat Association (Habitat) For GMW2019, Habitat Center for Development and Governance (Youth for Habitat) organized local trainings, workshops and podcasts records on the theme “I can manage my money”. The various 162
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activities included a GMW introduction video and drama sessions. Volunteer trainers, organized trainings at local levels to increase financial awareness amongst young individuals including entrepreneurs, blue collar workers, and farmers. These training were oriented to benefit the participants in terms of financial literacy curriculums, focusing on budgeting, controlled spending, savings, investments, and debts management. Additionally, one podcast record was created to give information about the Global Money Week. Three drama sessions were organized on the theme of importance of budgeting. A workshop on financial literacy was also conducted. The teams worked on issues such as financial terms, budgeting, savings, investments, debts, and spending money, and then presented their topic to the audiences. During GMW2019, 3 trainings for trainers were also organized. A total of 65 volunteers were trained as financial literacy trainers.
Uganda Leading organizations: Hearts Extended Uganda I Profile Foundation, National Curriculum Development Centre (NCDC), The Private Education Development Network (PEDN), Youth Empowerment Development Foundation Uganda (YEDFU) Participating organizations: 12908 Schools, 2 Media Organizations, Aflatoun International, Angels Centre Home for Children with Special Needs, Austins Foundation Uganda, Bank of Uganda (BOU), Be Money Wiser, Bunyoro Social Justice Center, Christ’s Identity Youth Dance Group, Dorna Centre Home for Autism, Equity Bank, Gulu University, International School Of Modelling, Jack and Jill N/P School, Junior Achievement – UGA, Kisugu Central, Liberty Institute, Lusenke Primary School, Makerere University Business School, Ministry of Education & Sports, Mirembe Junior, National Social Security Fund (NSSF), NCDC – Savings and Credits Cooperatives Society (NCDC CS&CS SACCOs) Limited, Opportunity Bank, Opportunity International, Premier Secondary School, STV, Teach a Man to Fish, Teachers Empowerement Platform, The New Vision, Youth from the Salaama Ghetto, Gayaza Road Number of children reached directly: 8,790 Number of people reached indirectly: 3,457,685
National Curriculum Development Centre (NCDC) The NCDC reached many children, youth and adults, both directly and indirectly during GMW2019, by organizing an Educational Fair, banking visits, workshops on planning for retirement and investing, and by distributing a financial literacy reader. Additionally, during the Week, two financial literacy topics, namely Agriculture and Entrepreneurship, were implemented in the Lower Secondary School Curriculum. Throughout the Week, financial literacy sessions were offered for children, youth and adults. The sessions were on topics such as saving, spending, the use of financial services, budgeting, investment, retirement, and insurance. Additionally, high level discussions were conducted with different stakeholders on the financial literacy topics, which were implemented in the school curriculum. The National Social Security Fund (NSSF) agreed to partner with the NCDC, to introduce e-libraries, digital literacy, and financial literacy to selected government-aided secondary schools, using the NCDC Virtual Learn Classroom tablet. Hearts Extended Uganda During GMW2019, Hearts Extended Uganda in association with their partners reached out especially to children with special needs. The organizers made visits to various children’s centers and youth groups. Also, around 200 adults comprising of staff, volunteers, parents and caretakers of children were reached. The organization used social media to promote the financial literacy awareness and to disseminate the information on the objectives of Global Money Week. Additionally, financial literacy awareness sessions were conducted for children, youth and adults. There was a dance activity organized in association with Christs Identity Youth Dance group. To engage today’s generation with “Learn.Save.Earn”, taking pictures and selfies was also promoted.
The Private Education Development Network (PEDN) The Private Education Development Network (PEDN) partnered with 9 organizations to celebrate GMW2019 with the theme “Learn.Save.Earn.” The celebrations were launched at Makerere University Business School, with a public lecture that was attended by over 150 university students, together with media organizations, and representatives from financial institutions. Additional activities included public lectures, community initiatives and outreaches, social media campaigns, poetry sessions on the Global Money Week theme, graphics and art sessions on Global Money Week, as well as financial literacy workshops, television awareness shows, newspaper articles, and drama sessions. Over 30,000 people were directly and indirectly reached out in these activities, which built saving and investment culture under the theme “Learn. Save.Earn.” I Profile Foundation For GMW2019, I Profile Foundation, and its partners, championed simplifying money matters for children and youth through a number of workshops and activities. Lessons, emphasizing on the basics of financial literacy and entrepreneurship, were delivered to the participants in different schools. Youth Empowerment Development Foundation Uganda (YEDFU) YEDFU organized discussions on financial education, among not only children and youth, but also adults.
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Ukraine Leading organizations: Deposit Guarantee Fund Ukraine, Gymnasium School No. 27, National Bank of Ukraine, Okhtyrka Secondary School #1 Okhtyrka City, Council Sumy Region, State Higher Educational Institution “Banking University”, Sumy State University, Ternopil National Economic University Participating organizations: 12 HEIs, 31 Financial Institutions, 38 Media Organizations, 5 Money Museums, 758 Schools and Universities, CoffeeMan, Eurounitiatives, Family Budget Social Project, Financial Government Ukraine, Institute of Educational Content Modernization;, International Bank, Kredobank, Kyiv Secondary School No, 300, Ministry of Education and Science of Ukraine, National Bank of Ukraine, NGO shchanske bratstvo Ternopil, Okhtyrka Central City Library, schadbank, Oshchadbank, OTP Bank, PireusBank,Praveksbank, Privatbank, PrivatBank Okhtyrka City, ProCredit Bank, Raiffeisen Bank Aval, Sumy State Pedagogical University, Taras Shevchenko National University of Kyiv, The Independent Association of Banks, Ukreksimbank, Ukrgazbank, Ukrsotsbank, Universal Bank, USAID Financial Sector Transformation Project, Vyshyvanka Number of children reached directly: 185,289 Number of people reached indirectly: 1,025,733 National Bank of Ukraine This year, the Campaign was celebrated during the entire month of March. The Week itself was officially launched by the NBU, along with representatives of the USAID Financial Sector Transformation Project. The NBU organized over 100 activities at its office and launched a special GMW website, where everyone could find lectures and workshops materials, or could look up ideas on how to celebrate GMW in an interactive manner. Deposit Guarantee Fund Ukraine Throughout GMW2019, Deposit Guarantee Fund organized a video competition, on the topic of 164
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savings and financial planning, financial literacy sessions, including an Economic Quiz for secondary school students, and a lecture for university students were organized. State Higher Educational Institution “Banking University” The State Higher Educational Institution “Banking University” visited schools and organized social events and activities. Financial literacy awareness sessions were offered to children, youth and adults in schools across the country. Sumy State University This year, GMW2019 was launched by the University with a radio and TV show on GMW initiatives. Throughout the Week, financial literacy awareness sessions on topics such as “Practical Skills of Economical Consumption”, “Digital Money and Financial Technologies”, and “Practical Skills in Creating Your Own Budget” were offered for children in 18 schools in the Sumy Region. Furthermore, the students had the opportunity to talk to graduates, specialized in the field of banking and entrepreneurship. Gymnasium School No. 27 During GMW2019, the Gymnasium School no. 27 organized numerous activities for their students. First, they organized a workshop titled “Electronic Money” to teach the children how to use an ATM. Then, an excursion to the Privatbank was organized. Ternopil National Economic University During GMW2019, Ternopil National Economic University, together with its partners, conducted financial literacy events for children and youth. Within GMW2019, a book fair on financial literacy was organized during which individuals could learn about the achievements of the lecturers of the Department of Finance and the work of domestic and
foreign experts in the field of the financial literacy. A quest, “Financial Races”, was conducted for the primary students by the students and lecturers of TNEU. Participants of the quest performed various tasks regarding financial literacy, compiled financial terms from separate syllables and letters of the alphabet, solved financial crosswords and rebuses, puzzles. In order to spread the idea of financial literacy and to encourage children and young people to learn more about money, savings, personal finances and entrepreneurship, TNEU organized a flash mob on Learn! Save! Earn!.” Okhtyrka Secondary School #1 Okhtyrka City Council Sumy Region Volunteers and teachers organized multiple activities, which included financial games, excursions, quests, contests, excursions to the Money Museum and to exhibitions of local departments of banks and libraries. Additionally, students met with representatives of Ukrainian banks and received lectures on financial literacy.
United Arab Emirates Leading organizations: Abu Dhabi Securities Exchange (ADX) Participating organizations: French Business Group, Higher College of Technology (HCT), Zayed University Number of children reached directly: 200 Number of people reached indirectly: 2,150 Abu Dhabi Securities Exchange (ADX) Throughout Global Money Week 2019, Abu Dhabi Securities Exchange (ADX) organized a number of initiatives to raise awareness on the subject of financial literacy, amongst university students, high school students, as well as adults. The ADX initiatives including activities such as hosting events, meeting students, organizing workshops and much more. During the Week, ADX launched the Zayed Centre of Excellence for Financial Research at the Higher Colleges of Technology (HCT). The Centre’s main objectives include collaborating with HCT on research related to financial inclusion, finance-related data analytics, financial technology services, artificial intelligence, blockchain, data management, areas of innovation in stock markets, different financial instruments, and investment research, in addition to introducing students to research in finance and prepare them for employment in the financial sector in the UAE. ADX also hosted a workshop for the French Business Group in Abu Dhabi on the investment opportunities available to wide sectors of the public on the Exchange, thus increasing their level of financial literacy. The Exchange, furthermore, hosted a student delegation from Zayed University, affirming the Exchange’s commitment to pursue academic efforts; develop cooperation with academic institutions to enhance investment awareness, and introduce students to the exchange procedures and trading methods in the domestic capital markets.
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United Kingdom Leading organizations: MyBNK Participating organizations: Bevois Town Primary School, Broadmead Primary School, Centrepoint, Cheshire Fire and Rescue Service, Chingford Foundation School, Colinton Primary School, Enham Trust, Essex County Council, Groundwork, Hampshire Fire and Rescue Service, Hermitage Park, London Borough of Lewisham, London Borough of Newham, Longstone Primary School, Our Lady of the Visitation Catholic Primary School, Richard Taunton Sixth Form, Royal Association of Deaf People, Royal Borough of Greenwich, Selborne Primary School, Shelter, Springfield School, The Pioneer Academy, The Winch Number of children reached directly: Not reported Number of people reached indirectly: Not reported MyBNK During Global Money Week 2019, the financial education charity, MyBnk, organized workshops to young people in 23 schools and youth organizations across the United Kingdom. The financial experts helped children and youth aged 7 to 25 learn how to manage their money, connect to the wider world of finance and live independently. Different sessions such as games, quizzes, videos, role play, and debates aimed to bring different money matters to life. The topics ranged from saving, budgeting, careers, debt, and independent living.
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United States Leading organizations: Operation HOPE, Fidelity Bank - A Division of Ameris Bank Participating organizations: 24 Schools, Illumination Foundation, Los Angeles Job Corps, Teen’Scape @ Los Angeles Public Library Number of children reached directly: 2,731 Number of people reached indirectly: Not reported Operation HOPE For GMW2019, the organization Operation HOPE collaborated with its partners to reach 420 children and youth. They organized visits to 3 communitybased organizations and classrooms at 11 schools. During the Week, financial literacy awareness sessions were conducted for children, youth, and adults. These sessions included talks on financial dignity, budgeting, checking & savings, credit, and investments. All these sessions were conducted by the Operation HOPE corps volunteers. Fidelity Bank - A Division of Ameris Bank Together with EverFi, Fidelity Bank – A Division of Ameris Bank, celebrated GMW2019 by providing financial education to students in their community. Over 2,000 students were reached in 13 Schools in Georgia and Florida.
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Vietnam Leading organizations: Vietnam Microfinance Working Group Participating organizations: 3PAD Bac Kan, An Phu Development Fund, Anh Chi Em Program Entrepreneurs du Monde, Ba Ria Vung Tau Capital Fund for Poor People and Employee, Ben Tre Capital Aid Fund For Women’s Economic Development, Canal Circle, Center for Sustainable Economic and Environmental Development, Center for Women and Community Development, Dien Bien Phu Women Development Fund, Dien Bien Women Development Center, Economic Development Fund For Poor Households, Habitat for Humanity Vietnam, M7 OneMember Limited Liability Microfinance Institution, Microfinance Unit - World Vision Vietnam, My Duc Microfinance Program (M&D), Ninh Phuoc Women Development Fund, Pro-Poor Center Can Loc, Research Center for Supporting Rural Economic Development, Standard Training Unit (CFRC), Thanh Hoa Microfinance Institution, The Center of Small Enterprises Development Assistance, The Nowergian Mission Aliiance, Tien Giang Capital Aid Fund For Women’s Economic Development, Tinh Thuong One-Member Limited Liability Microfinance Institution Number of children reached directly: Not reported Number of people reached indirectly: Not reported Vietnam Microfinance Working Group The Vietnam Microfinance Working Group and its partners celebrated Global Money Week 2019 by holding a teaching program, titled “Personal Finance Management.” It aimed at teaching young participants about savings and finance management. The program’s slogan is: “Thousand Dong Today, Million Dong Tomorrow,” and was held by experienced trainers.
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Yemen Leading organizations: Al-Amal Microfinance Bank, Yemen Sustainable Development Foundation Participating organizations: 15 Private-Owned Stories, 3 Training Centers, 43 Schools and Universities, 5 Media Organizations, Al-Amal Bank, Association of Yemeni Exchange Companies, Central Bank of Yemen, Cooperative and Agricultural Credit Bank, Deposit Guarantee Corporation, Hemmat Shabab Foundation, Ministry of Education, Reyadah Foundation, The Association of Yemeni Banks, Yemen Commercial Bank, Yemen Exchangers Association, Yemen Kuwait Bank, Yemen MF (Yemen Microfinance), Yemen Microfinance Network Number of children reached directly: 12,639 Number of people reached indirectly: 472,496
The first was a Bank and Financial Institution contest, where financial institutions were asked to design child and youth friendly saving products, design feasible loan products, and design mobile phone applications. Another contest was the Youth Initiative Contest, intended to promote a financial culture among school children. Furthermore, the Financial Literacy Illustration Contest was organized, to encourage painters and talented individuals to take part in GMW activities by producing financial literacy-centered illustrations. Topics in this creative competition included “differences between savers and non-savers”, “expenditure rationing”, and “financing”. Finally, the Yfoundation participated in all 24 days of the GMW Countdown Challenge.
Yemen foundation for Sustainable Development, Entrepreneurship Support & Business Development For Global Money Week, the Yfoundation organized a multitude of activities. Multiple contests were held.
In cooperation with Volunteer Touches and For You, the Yfoundation raised university students’ awareness about the importance of saving and introduced them to Global Money Week. The Yemen American Language Institute held an awarenessraising activity, which involved a lecture on GMW2019, an illustration contest, education on saving, and a theater performance that highlighted the importance of savings regarding emergencies, disasters and other unforeseeable circumstances. At the end of the Week, Yfoundation awarded participating banks, educational institutions, and youth initiatives by recognition of their active participation in the GMW2019 Campaign in Yemen. Among the awardees were Yemen & Kuwait Bank for Trade and Investment, Cooperative Agricultural Credit Bank (CAC Bank), Al-Amal Microfinance Bank, Al-Kuraimi Microfinance Bank and Tadhamon Microfinance Bank, Yemen Microfinance Network and Yemen Banking Association. Educational institutions which were awarded included YaliYemen America Language Institute, Manchester Modern Center for Training & qualifying
International Business Driving License, Rayman School and Technical Science School. Three youth initiatives were awarded in the GMW Contest 2019, namely the “Ana Mawgod” Initiative, “Sameh” Initiative and “Be Smile” Initiative. Al-Amal Microfinance Bank During Global Money Week 2019, Al Amal Microfinance Bank and its partners organized various activities aiming to raise the awareness and financial inclusion. The Bank offered sessions regarding direct and indirect financial literacy and nearly half a million Yemenis benefited from this campaign. The Bank enhanced the financial integration of more than 1,300 young people through saving products, especially mobile banking product (PYES). These activities were focused both in urban and rural areas. During GMW2019, the Bank invited 55 academic personnel, bankers, and financial trainers nationwide. Al Amal Bank and its partners planned and executed various activities of financial awareness to ensure the engagement of the largest possible segment of urban and rural communities. These activities included making videos, which were reviewed by financial experts and bankers, focusing on Saving, Personal balance, Regular Banking Services, Mobile Banking Service, Debt management, and Financial Negotiation. These videos were viewed by over 16,000 viewers on social media. There were seminars, workshops and field visits by academic personnel, bankers and financial trainers. There were 3 audiovisual broadcasts covering most of Yemen governorates including messages in Saving, Personal Balance, Banking Services, Mobile Banking, Debt Management, and Financial Negotiation. During GMW 2019, awareness was also raised through short financial literacy quotes by academic personnel, bankers, and financial trainers.
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Zambia Leading organizations: Bank of Zambia, Securities & Exchange Commission, Pensions & Insurance Authority, Rural Finance Expansion Programme, Financial Sector Deepening Zambia, Savings Bank Foundation for International Cooperation (Germany), IAZ, CMAZ, AMIZ, ZAPF, BAZ Participating organizations: AB Bank, Access Bank, Africa Development Bank, African Life Insurance, Airtel Money Zambia, Association of Micro Finance Institutiion, Atlas Mara, Bank of China, Bankers Association of Zambia, Barclays, Betternow Finance, Bongohive, Camfed, Capital Markets Association of Zambia, Cavmont, CDC, Child Fund, Children International, Citi Bank, COMESA, Competition & Consumer Protection Commission, Daily Mail, Development Bank of Zambia, Ecobank Zambia, Entreprenuers Financial Centre, Entreprenuership Technology Park, FINCA Zambia, First Allaince Bank, First National Bank, FSD Zambia, HOT FM, Independent Schools Association, Indo Zambia Bank, Infinite Learning Consultants, Insurance Association of Zambia (IAZ), Investrust Bank, Junior Achievement, Kwacha Pensions Trust Fund, Laurence Paul, Liberty Insurance, Madison Asset Management Company, Madison Life Insurance Company Limited, Ministry of General Education, Ministry of Higher Education, MTN Mobile Money, MUVI TV, NAPSA, National Savings & Credit Bank, Natsave, NICO Insurance, Personal Success Practitioners, Plan International Zambia, Professional Insurance Corporation Zambia, Prudential Insurance, Public Service Microfinance Institution, Public Service Pension Fund, QFM, Restless Development, Rural Finance Expansion Programme, Sanlam/Sancare, Savings Bank Foundation for International Cooperation, SES Zambia, Stanbic Bank, Standard Chartered Bank, Times of Zambia, UNCDF, United Bank Africa, We Create Zambia, World Vision, ZACCI, Zambia Association of Pension Funds (ZAPF), Zambia Institute of Chartered Accountants, Zambia Institute 170
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of Marketing, Zambia National Building Society, Zambia Revenue Authority, Zambia Women Accountants, Zanaco, ZANIS, ZIPAR, ZISC Life, ZNBC, ZOONA, ZSIC General Number of children reached directly: 35,000 Number of people reached indirectly: 8,000,000 Bank of Zambia Zambia commemorated the 2019 Financial Literacy Week (FLW) from 25 to 30 March 2019, as part of the Global Money Week 2019. The theme of the event was ‘Be Money Smart to Live a Better Life’ and targeted children, youth, adults, and the elderly. Under this theme, the key messages focused on managing money wisely, setting SMART financial goals, earning, saving, budgeting, retirement planning, investments, insurance, managing loans responsibility, digital financial services, and selecting appropriate financial services. The event was arranged by an Organizing Committee of 13 institutions comprising of the Bankers Association of Zambia (Secretariat), Ministry of Finance, Bank of Zambia, Pensions and Insurance Authority, Securities and Exchange Commission, Rural Finance Expansion Programme, German Savings Bank Foundation for International Cooperation, Financial Sector Deepening Zambia, Lusaka Securities Exchange, Insurers Association, Capital Markets Association, Zambia Association of Pension Funds, and the Association of Microfinance Institutions in Zambia. The Organizing Committee was supported by 70 participating institutions organizations, including media organizations. High-level support was also received from the Government, financial sector regulators, and the private sector. The launch of the 2019 FLW was done with a televised statement on national television by the
Minister of Finance, followed by the main launch event and exhibition officiated by the Secretary to the Treasury (representing the Minister of Finance), executives of the institutions in the Organizing Committee, chief executive officers and senior representatives of participating institutions. Throughout the country, official launch events, including exhibitions also took place in the provinces and were officiated by senior representatives of Government in the provincial administration and the Organizing Committee. During 2019 FLW, participating institutions conducted various outreach activities through visits to schools, newspaper articles, social media, radio, television, branch visits, presentations in work places, visits to markets and community centers, exhibitions, debate competitions for schools and universities, distribution of piggy banks, branded stationary and t-shirts, as well as other provincial activities. The annual Global Money Week and Financial Literacy Week for Zambia are important events in the National Strategy for Financial Education for Zambia, with 2019 marking the 7th consecutive year the country participated in GMW.
Zimbabwe Leading organizations: Abantu Development Initiative Trust, Cultiv8 Africa, Global Foundation of Public Speaking, Reserve Bank of Zimbabwe, Zimbabwe Stock Exchange Participating organizations: 1 Media Organization, 19 Financial Institutions, 237 schools, 263 Chat, Agribank, Alpha Media Holdings, B2C Co-working, CABS, Cassava Zimbabwe, Cerebral Palsy, Empower Bank, Empowered Life Trust, Epilepsy Support Foundation, Fortune Foundation, Great Tide College, Life in the shoes of a short girl, Lion Micro Finance, Metomia Women Foundation, Miss Deaf Pride Zimbabwe, Mumhanzi Media, OCULUS Accounting Services, Pachikoro, Reserve Bank of Zimbabwe, Robert Tredgold Primary School, Speak Training Consultants, The Federation of Organisations of Disabled People in Zimbabwe (FODBZ), Washington Hills High School, Young Voices, Zecheya, Zibuko Capital Number of children reached directly: 926,626 Number of people reached indirectly: 1,831 Reserve Bank of Zimbabwe For Global Money Week 2019, the Reserve Bank of Zimbabwe invited children from over 230 schools to visit different bank branches, to have a first-hand experience of banking operations. Additionally, representatives from the Bank visited schools and special needs institutions to explain different financial matters. During the Week, the Bank organized different competitions for both secondary and tertiary school students, such as debates, essay competitions, and quizzes. Furthermore, workshops and seminars were organized for young entrepreneurs. Throughout the Week, financial literacy information was shared via mass media, as well as social media platforms. Finally, newspapers published articles highlighted the different Global Money Week celebrations organized in the country.
Cultiv8 Africa In the spirit of not leaving any child behind, Cultiv8 Africa reached out to children and youth living with disabilities, to enhance their financial literacy skills. With the support of its partners, the organization conducted a seminar to bring children with disabilities and Financial Service Providers (FSP’s) together, to create a platform for the youth to gain access to financial education. The discussions highlighted a major gap within the FSP sector in relation to the inclusion of youth living with disabilities, and the provision of services and products that are disability friendly. The realization of Agenda 2030 and Agenda 2063 will allow the inclusion of the youth with disabilities. The Reserve Bank of Zimbabwe was a Guest of Honor, informing the youth about the services currently available to them, as well as explaining the National Financial Inclusion Strategy. Abantu Development Initiative Trust Throughout GMW2019, Abantu Development Initiative Trust (ADIT) along with their partners reached 124 children and youth through its various activities. The organization held a drawing and art design competition for creating piggy banks by recycling empty containers and boxes with the aim of promoting savings in young children. At the end of the week prizes were given to the four most creative piggy banks. During GMW 2019, financial literacy awareness sessions were offered for children, teaching them how to save and why it is important. These events help the young generations to learn more about saving and entrepreneurship.
through various activities and events. The activities and events were planned with the need to engage and understand Zimbabwe’s monetary policy in the view of Transitional Stabilization Program. The focus was to make young entrepreneurs understand how to align their businesses with national strategies and policies. There were panel discussions and various speakers talking about the importance and urgent need for financial literacy and knowledge of formal financial systems. Throughout the Week, various events brought together people from different fields from the influential civil society, leaders from the public and private sectors. It was a great initiative for everyone sharing their investment, growth and financial management strategies in the prevailing economic environment. The events organized included the Millennials Business Breakfast, the Founders Mastermind Luncheon, the Bakhokheli National Business Executives Dinner, the Pioneer Fund and a fair - Nyuku fair during the Week. Zimbabwe Stock Exchange The Zimbabwe Stock Exchange reached 67 children and youth through their visits to the stock exchange for the GMW2019. During the Week, the Zimbabwe Stock Exchange organized financial literacy awareness sessions for children, youth and adults. These sessions covered how to invest at the ZSE. Additionally, the Zimbabwe Stock Exchange ran campaigns on its social media platforms regarding financial literacy during the GMW, engaging both adults and youth
Global Foundation of Public Speaking For GMW2019, The Global Foundation of Public speaking hosted 4 conferences and organized a fair. It was attended by more than 200 young entrepreneurs and over 50 students participated. The vision of Global Money Week was reinforced Global Money Week Report 2019
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ANNEX 1: GMW2019 IN NUMBERS
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173
GMW2019 IN NUMBERS Country
Leading Organizations
1
Afghanistan
2 3 4 5 6
Albania Andorra Angola Antigua and Barbuda Argentina
7
Armenia
8
Australia
9
Austria
School of Professional and Continuing Education Afghanistan (SPCE) of the University of Central Asia (UCA) Bank of Albania Andorran Banking Association National Bank of Angola Gilbert Agricultural and Rural Development Center (GARD Center) Banco Columbia SA Central Bank of the Republic of Argentina Banco Macro Comisión Nacional de Valores (CNV) Junior Achievement Argentina (JA) Union of Banks of Armenia Junior Achievement Armenia Central Bank of the Republic of Armenia Federation of Euro-Asian Stock Exchanges (FEAS) Banqer (Australia and New Zealand) Hunter School of the Performing Arts Association of Financial Advisors (AFA) Erste Group Bank AG Erste Financial Life Park Initiative for Teaching Entrepreneurship (IFTE) Zweite Sparkasse Central Bank of the Republic of Azerbaijan Bahamas Technical and Vocational Institute
10 11
Azerbaijan Bahamas
12
Bangladesh
13 14
Belarus Belgium
15
Benin
16 17
Bhutan Bosnia and Herzegovina
18
Botswana
19 20
Brazil Brunei Darussalam
21 22
Bulgaria Burkina Faso
23 24 25 26
Cambodia Cameroon Canada Cape Verde
27 28 29
Cayman Islands (BOTs) Central African Republic Chile
30
China
Daffodil International University Central Bank of Bangladesh Bangladesh Skill Development Institute National Bank of the Republic of Belarus Insurance Europe FSMA - Financial Services and Markets Authority- Belgium Wikifin SIF-Groupe (Société d'Inclusion Financière) Benin EurAfrik Benin Royal Monetary Authority of Bhutan Central Bank of Bosnia and Herzegovina The Association of Secondary School Students in Bosnia and Herzegovina (ASuBiH) Finpowerment Financial Literacy Club Fin-Gen Botswana Brazilian Securities and Exchange Commission (CVM) Ministry of Education Brunei Darussalam Employees Trust Fund Autoriti Monetari Brunei Darussalam Financial Planning Association of Brunei Darussalam Junior Achievement Bulgaria Ministry of Economy, Finance and Development National Bank of Cambodia (NBC) SNAES (Syndicat National Autonome de l'Enseignement Secondaire) Canadian Foundation for Economic Education Central Bank of Cabo Verde (BCV) Association for the Promotion of Financial Education (PROFIN) Cabo Verde Stock Exchange (BVC) Association of Young Economists (AJECON) University College of the Cayman Islands SOS Children’s Village Central African Republic Banco Central de Chile Fundación Fundef Carrera de Auditoría e Ingeniería en Control de Gestión, de la Universidad Autónoma de Chile (Sede Temuco) Shanghai Better Education Development Center Macau Institute of Financial Services (IFS) Macau University of Science and Technology (MUST)
Number of Participating Organizations
Total number Number of children of events and reached directly activities
Number of events
Number of activities
Number of children reached indirectly
Number of adults reached directly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
12
4
13
17
200
1.500
42
250
242
1.750
9 0 10 6 1 43 8 9 6 2 3 95 2 15 2 1
16 0 7 1 16 2 22 8 3 1 1 7 1 3 2 1
56 0 9 1 32 106 22 8 9 1 1 111 1 3 2 2
72 0 16 2 48 108 44 16 12 2 2 118 2 6 4 3
5.000 0 15.386 250 652 4.860 566 990 120 3 40 2.369 30 945 90 500
150.000 0 0 0 0 517.896 1.950 1.600 18.833 10 3.000 3.254 3.000 5.486 1.200 50.000
4.000 0 1.444 20 30 631 65 280 30 10 5 847 500 100 200 4.000
200.000 0 15.000.000 0 978 29.848 260 1.800 18.833 20 50 9.475 10 13.287 2.000 450.000
9.000 0 16.830 270 682 5.491 631 1.270 150 13 45 3.216 530 1.045 290 4.500
350.000 0 15.000.000 0 978 547.744 2.210 3.400 37.666 30 3.050 12.729 3.010 18.773 3.200 500.000
15
21
21
42
459
500
42
1.000
501
1.500
3 6
0 2
0 2
0 4
500 100
0 200
0 50
0 100
500 150
0 300
274
14
32
46
15.000
720.000
1.500
150.000
16.500
870.000
200 1
3.100 1
4.200 1
7.300 2
520 0
720 0
175 600
350 600
695 600
1.070 600
3
0
0
0
40.000
0
0
0
40.000
0
28 32 38 1
2 20 3 1
12 0 15 2
14 20 18 3
1.155 21.000 120.000 30
32.000 45.000 50.000 0
1.500 450 5.000 5
15.000 0 3.000 0
2.655 21.450 125.000 35
47.000 45.000 53.000 0
1
1
5
6
75
200
5
100
80
300
2 6 16
2 2 5
3 2 15.000
5 4 15.005
35 200 166.000
100 1.000 6.600.000
12 50 532.000
20 1.000 63.600.000
47 250 698.000
120 2.000 70.200.000
5
1
3
4
500
10.521
11.000
566.142
11.500
576.663
433 3 2 2 20
2 3 0 2 11
202 3 0 31 24
204 6 0 33 35
5.900 533 0 378 750
15.500 180 0 28.711 10.000
340 15 0 84 300
26.000 15 0 1.000 20.000
6.240 548 0 462 1.050
41.500 195 0 29.711 30.000
22
8
30
38
2.500
5.000
230
2.000
2.730
7.000
3 4 1 8
1 1 0 2
5 4 0 24
6 5 0 26
150 20 200 281
300 432 0 498
35 35 0 35
300 1.000 0 296
185 55 200 316
600 1.432 3.000 794
10
3
3
6
301
600
40
80
341
680
30
1
41
42
1.374
644
90
62.174
1.464
62.818
20
4
13
17
450
1.500
1.000
3.000
1.450
4.500
31
Country
Leading Organizations
Colombia
Diqos educacion sin fronteras Libertat Clever Finance - Educación Financiera Autorregulador del Mercado de Valores Fundación Plan Banco De La República Asobancaria Banca De Oportunidades Fondo De Garantías De Instituciones Financieras (Fogafin) Superintendencia Financiera De Colombia Colegio Empresarial Los Andes - Facatativá, Cundinamarca Corporación Universitaria del Huila - CORHUILA
Number of Participating Organizations 1 2 6 101
Total number Number of children of events and reached directly activities 2 15 2 60 70 28.800 28 7.085
Number of events
Number of activities
1 1 5 14
1 1 65 14
34
2
597
599
2 11
29 2
29 10
58 12
Number of children reached indirectly
Number of adults reached directly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
0 100 3.000 10.000
0 10 128 300
0 10 1.000 5.000
15 70 28.928 7.385
0 110 4.000 15.000
226.517
453.034
4.143
2.632.047
230.660
3.085.081
285 350
5.000 76
20 10
5.000 0
305 360
10.000 76
32
Comoros
Comores Entreprendre/Réseau des Jeunes Entrepreneurs
200
0
0
0
0
0
0
0
0
0
33 34
Côte d'Ivoire Croatia
35 36
Cyprus Czech Republic
Programme Education Financière (Côte d'Ivoire) The Zagreb Stock Exchange Inc Ministry of Finance Croatian National Bank (participated) Bank of Cyprus Cultural Foundation European Financial Planning Association Czech Republic Yourchance o.p.s. THEIA - krizové centrum o.p.s. FPM ASBL Central Bank of Congo Finance Denmark Caritas Djibouti Banco ADOPEM (Participating) Central Bank of Dominican Republic Cooperativa de Ahorro y Crédito Vicentina "Manuel Esteban Godoy Ortega" Ltda., CoopMego Fundación Crisfe Banco Pichincha Banco de Guayaquil AVAL Banco Central del Ecuador Egyptian Banking Institute Central Bank of Reserves of El Salvador Estonian Banking Association Estonian Insurance Association Ministry of Finance Financial Supervision Authority Nasdaq Tallinn Baltic Financial Advisors Association (BFAA) Finance Estonia Entrepreneurship Theatre Future Hopes Integrated Development Organization (FHIDO) The Finnish Foundation for Share Promotion Banque de France ChildFund The Gambia National Bank of Georgia FunnyMoney AIESEC Ghana Jamilullah Farm Enterprise Hellenic Bank Association (HBA) Banco de Guatemala Associação de Desenvolvimento de Povo para Povo - ADPP GB Crescat Junior Achievement Honduras FICOHSA Ministry of Human Capacities Ministry of Finance Ministry for Innovation and Technology Money Compass Foundation (The Central Bank of Hungary) Hungarian Banking Association Junior Achievement Hungary Icelandic Financial Services Association
28 11 21 0 0
2 1 160 2 0
2 5 171 2 0
4 6 331 4 0
1.155 272 7.100 750 50
32.000 100 350.000 750 0
1.500 20 800 175 0
15.000 70 385.000 1.100 0
2.655 292 7.900 925 50
47.000 170 735.000 1.850 0
209
317
317
634
16.990
300.000
3.000
1.000.000
19.990
1.300.000
1 2 7 2 4 30 38
3 1 2 0 1 1 6
3 6 5 0 5 4 144
6 7 7 0 6 5 150
70 140 4.950 17.500 45 4.000 6.000
0 40 7.425 0 0 0 800
230 10 235 0 22 200 1.800
500 20 282 0 0 0 500
300 150 5.185 17.500 67 4.200 7.800
500 60 7.707 0 0 0 1.300
2
1
2
3
55
542
350
3.000
405
3.542
10
1
6
7
765
16.422
28
3.164
793
19.586
3 1 9 76 19
5 0 0 23 5
5 3 3 54 14
10 3 3 77 19
405 30 564 3.000.000 2.309
20 0 3 17.500.000 100
30 5 27 500.000 1.241
10 0 1 2.500.000 100
435 35 591 3.500.000 3.550
30 0 4 20.000.000 200
10
0
0
0
0
0
0
0
0
0
1 0 1 8 0 16 7 9 1 40 40 4 2 3 1
1 0 2 204 1 30 2 1 1 0 3 2 1 1 3
1 1 2 4 0 30 6 2 1 0 18 2 1 5 3
2 1 4 208 1 60 8 3 2 0 21 4 2 6 6
0 0 50 4.318 0 1.655 125 800 84 1.000 7.997 209 40 5 725
0 0 3.000 10.938 0 25.793 800 2.000 0 0 42 1.463 0 0 108
0 0 5 827 0 391 60 20 4 0 313 43 20 18 70
0 0 9.000 49.166 0 56.750 400 50 0 2.000 100 301 0 0 72.401
0 0 55 5.145 0 2.046 185 820 88 1.000 8.310 252 60 23 795
0 0 12.000 60.104 0 82.543 1.200 2.050 0 2.000 142 1.764 0 0 72.509
999
5
12.635
12.640
220.000
375.000
8.400
230.000
228.400
605.000
1
2
100
102
4.000
4.000
300
8.000
4.300
12.000
37
Democratic Republic of Congo (DRC)
38 39 40
Denmark Djibouti Dominican Republic
41
Ecuador
42 43 44
Egypt El Salvador Estonia
45 46 47 48 49 50 51
Ethiopia Finland France The Gambia Georgia Germany Ghana
52 53 54 55 56
Greece Guatemala Guinea-Bissau Haiti Honduras
57
Hungary
58
Iceland
Country
Leading Organizations
59
India
60
Indonesia
Children International, SAHAY MelJol Noble Public School Rajsamand Quilon Management Association (Qma) (Affiliated with All India Management Association(Aima)) Allianz Indonesia CerdikMapan GENBI Bank Melli Iran Money Advice & Budgeting Service (MABS) Bank of Italy Fondazione per l’Educazione Finanziaria e al Risparmio - FEduF Labins Social Cooperative Financial Services Commission Jamaica Buntetsu Museum of Bank Notes and Coins Children's Museum Jordan Little Savers Kazakhstan Stock Exchange (KASE) University of Central Asia SPCE Pesa Savvy Limited Postbank Kenya Kenya Women MicroFinance bank Inuka Direct Care International Kenya Action for Child Development Trust Kenya Monture Africa Ltd Kosovo Banking Association Central Bank of the Republic of Kosovo Kuwait International Bank (KIB) FINCA Bank Kyrgyzstan University of Central Asia, School of Professional and Continuing Education
61 62 63
Iran Ireland Italy
64 65 66
Jamaica Japan Jordan
67
Kazakhstan
68
Kenya
69
Kosovo
70 71
Kuwait Kyrgyzstan
72
Latvia
73
Lebanon
74 75 76
Lesotho Liberia Libya
77 78 79 80 81
Liechtenstein Lithuania Luxembourg Madagascar Malawi
82
Malaysia
83 84 85
Maldives Mali Malta
86
Mauritania
87 88
Mauritius Mexico
89
Moldova
Finance Latvia Association Latvian Trade Union of Education and Science Employees (LIZDA) Junior Achievement Latvia Positive Planet International Bank Audi Central Bank of Lesotho Liberia Rural Children Psychosocial Development Organization Central Bank of Libya The Ministry of Education Liechtenstein Bankers Association Bank of Lithuania The Luxembourg Bankers' Association (ABBL) Satisf'ation Consulting Opportunity International Malawi Reserve Bank of Malawi Hope for Relief Allianz Life Insurance Malaysia Berhad World Assembly of Youth (WAY) Maldives Monetary Authority Ministère de la Jeunesse, de l'Emploi et de la Construction Citoyenne Department of Curriculum, Lifelong Learning and Employability, Directorate for Learning and Assessment Programmes AFE Agir en Faveur de l'Environnement La Protection de l'enfant et de la famille Mauritania Junior Achievement Mascareignes Citibanamex Citibanamex MIDE (Museo Interactivo de Economía) Pequeño Cerdo Capitalista ("The Small Capitalist Pig ") Ediciones SM Bolsa Institucional de Valores (BIVA) Erikson School BCR Chisinau Heritage International School National Bank of Moldova Microinvest LLC
Number of Participating Organizations 17 4 2
Number of events
Number of activities
1 4 1
6 6 2
Total number Number of children of events and reached directly activities 7 2.500 10 800 3 200
Number of children reached indirectly
Number of adults reached directly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
82.000 2.000 1.200
600 400 20
10.000 1.000 50
3.100 1.200 220
92.000 3.000 1.250
4
3
3
6
200
1.000
50
250
250
1.250
12
1
5
6
2.111
2.111
50
100
2.161
2.211
1
4
4
8
130
30
20
28
150
58
100 8 1 18 3 5 1 3 3 5 2 1 1 4 1 3 1 1 10 12 3 34
100 1 16 3 4 4 2 1 2 1 2 0 1 1 1 1 2 2 2 8 2 4
1.245 15 29 4 33 1 2 13 5 6 4 2 5 12 1 19 3 2 5 14 4 40
1.345 16 45 7 37 5 4 14 7 7 6 2 6 13 2 20 5 4 7 22 6 44
10.000 500 2.400 1.211 204 400 2.044 1.067 30 250 50 20 9.679 40 100 474 78 250 1.500 700 60 2.145
1.650.000 0 0 1.211 900 20.000 0 933 100 500 10 400 2.000 200 50 0 150 2.500 1.500 30.000 1.000 1.000
500 15 110 100 37 100.000 2.043 88.801 40 50 5 10 1.000 2.000 5 19 5 100 50 450 20 1.174
4.000.000 1.000 0 5.000 710 200.000 0 0 150 300 5 100 2.000 3.000 5 0 50 1.500 100 100.000 100 500
10.500 515 2.510 1.311 241 100.400 4.087 89.868 70 300 55 30 10.679 2.040 105 493 83 350 1.550 1.150 80 3.319
5.650.000 1.000 0 6.211 1.610 220.000 0 933 250 800 15 500 4.000 3.200 55 0 200 4.000 1.600 130.000 1.100 1.500
2
8
10
18
150
30
30
200
180
230
0
0
0
0
1.000
0
0
0
1.000
0
2 80 17 2
1 9 12 1
1 46 18 3
2 55 30 4
40 1.118 1.750 74
0 10.000 15.000 0
0 138 11.000 0
82 2.500 11.000 0
40 1.256 12.750 74
82 12.500 26.000 0
725
5
5
10
2.500
1.800
360
50
2.860
1.850
3 3 0 2 4 17 1 4 140 22 12
0 0 0 1 2 4 1 0 1 8 3
0 0 0 3 5 12 2 3 1 30 5
0 0 0 4 7 16 3 3 2 38 8
0 140 1.100 197 412 2.500 32 184 140 4.200 200
0 0 0 500 313 20.000 6 0 60.000 35.000 128.385
0 0 0 29 108 1.000 7 8 10.000 250 200
0 0 0 29 5.000 200.000 6 0 2.000 400 1.500
0 140 1.100 226 520 3.500 39 192 10.140 4.450 400
0 0 0 529 5.313 220.000 12 0 62.000 35.400 129.885
7
2
19
21
283
2.500
100
80
383
2.580
450
234
2.341
2.575
3.456
2.413
4.567
456
8.023
9.000
15 10 1 2
1 10 8 5
8 31 18 31
9 41 26 36
300 3.000 3.516 343
5.000 10.548 14.064 1.861
35 516 2.467 97
10.000 1.548 1.049 143
335 3.516 5.983 440
15.000 12.096 15.113 2.004
8
1
3
4
0
300
15
80
15
380
4 12 1 1 12 1
1 3 1 9 46 5
4 30 1 7 82 3
5 33 2 16 128 8
40 240 35 90 5.097 187
0 100 35 90 13.554 1.000.000
15 300 3 25 259 29
0 400 70 25 7.115 1.000.000
55 540 38 115 5.356 216
0 500 105 115 20.669 2.000.000
Country
Leading Organizations
90 91 92 93 94
Monaco Mongolia Montenegro Morocco Mozambique
95 96 97
Myanmar Nepal The Netherlands
98 99
New Zealand Nicaragua
SheCanHeCan Bank of Mongolia Central Bank of Montenegro Fondation Marocaine pour l'Education Financière (FMEF) Financial Sector Deepening Moçambique World Vision Mozambique (participating) Bank of Mozambique ONOW Myanmar Nepal Stock Exchange (NEPSE) Euronext Amsterdam Wijzer in Geldzaken Consumer360Academy Banqer (Australia and New Zealand) Fabretto Children's Foundation Fundación FAMA -Fundación para el Apoyo a la Microempresa Nicaragua (Foundation for the Support of the Microentreprise in Nicaragua)
100 101
102
Niger Nigeria
North Macedonia
103 104
Norway Pakistan
105 106 107 108
Palestine Panama Papua New Guinea Paraguay
World Vision Niger Linking the Youth of Nigeria through Exchange (Lynx Nigeria) AIESEC Nigeria Project Biz Masterminds Ltd Central Bank of Nigeria (CBN) Be Better Foundation Jether Consulting Eadda Kids Enterprises Household Impact Network The National Bank Ministry of Finance Agency for Supervision of Fully Funded Pension Insurance Agency for Supervision of Insurance Securities Exchange Commission Macedonian Banking Association AksjeNorge Pakistan Microfinance Network (PMN) Empowerment thru Creative Integration (ECI) Palestine Monetary Authority Superintendencia de Bancos de Panama Centre for Excellence in Financial Inclusion (CEFI) Fundación Cámara de Comercio Paraguayo Americana (Fundación AMCHAM) Central Bank of Paraguay
109
Peru
110
The Philippines
Fundación Paraguaya Superintendence of Bank Insurance and Private Pension Funds ( SBS) Banco Cooperativo del Estudiante Bartselana Bangko Sentral ng Pilipinas (Central Bank of the Philippines) - Cotabato Branch Provincial Cooperative Development Council - Bulacan Cooperative Development Authority - Pampanga Extension Office in partnership with Central Luzon Regional Cooperative Development Council (CLRCDC)
111 112
113 114
Poland Portugal
Puerto Rico Qatar
MSU-IIT National Multi purpose Cooperative Paglaum Multi Purpose Cooperative Paglaum Youth LabCoop The Polish Financial Supervision Authority (UKNF) Ministry of Finance Fundação Dr. António Cupertino de Miranda (FACM) ISEC Lisboa WLINK Group Gondomar school - Agrupamento de Escolas N.º 1 de Gondomar Portuguese National Plan for Financial Education Banco de Portugal Portuguese Securities Market Commission (CMVM) Portuguese Insurance and Pension Funds Supervisory Authority (ASF) Novigesto Nuestra Escuela, Inc. Qatar Financial Markets Authority
Number of Participating Organizations 1 254 20 13 4 12 6 2 2 4 250 0 12 1
Total number Number of children of events and reached directly activities 0 0 271 22.494 25 375 7.164 220.000 4 750 22 2.201 9 1.549 4 30 2 54 2 10 9.000 250.000 1 0 0 0 2 215
Number of events
Number of activities
0 20 5 18 2 2 6 1 1 1 2.500 1 0 1
0 251 20 7.146 2 20 3 3 1 1 6.500 0 0 1
2
1
15
16
3 2 7 0 48 5 4 0 9
0 1 8 1 2 2 2 1 2
0 1 5 3 4 4 5 3 2
0 2 13 4 6 6 7 4 4
187
7
260
267
Number of children reached indirectly
Number of adults reached directly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
0 44.988 1.500 2.000.000 2.564 4.402 450 500 0 0 750.000 0 0 100
0 502 50 30.000 30 419 40 40 4 11 10.000 0 0 27
0 1.000 1.500 500.000 1.400 838 400 1.000 0 0 350.000 0 0 100
0 22.996 425 250.000 780 2.620 1.589 70 58 21 260.000 0 0 242
0 45.988 3.000 2.500.000 3.964 5.240 850 1.500 0 0 1.100.000 0 0 200
425
50
200
200
625
250
0 13 1.200 20 65.567 50 247 2 40
0 30 10.000 1 101.825 2.500 20 0 100
0 4 2.000 5 210 20 37 10.981 10
0 15 7.500 1 742 5.000 56 40.100 30
0 17 3.200 25 65.777 70 284 10.983 50
0 45 17.500 2 102.567 7.500 76 40.100 130
5.000
50.000
570
300.000
5.570
350.000
1
5
5
10
120
300
5.500
5.500
5.620
5.800
181
216
7
223
150.143
78.015
50.310
23.250
200.453
101.265
29 5 2
4 3 0
3.050 12 0
3.054 15 0
78.014 308 0
20.000 1.200 0
10.000 45 0
130.000 100 0
88.014 353 0
150.000 1.300 0
2
3
6
9
303
606
0
606
303
1.212
14 2 359 236
2 1 11 2
15 32 386 3
17 33 397 5
700 10.000 212.542 3.500
1.000 30.000 18.432 500.000
500 800 10.315 350
700 2.400 2.658.677 900.000
1.200 10.800 222.857 3.850
1.700 32.400 2.677.109 1.400.000
5
7
7
14
250
1.500
250
1.500
500
3.000
4
3
3
6
42
300
94
20
136
320
18
3
29
32
1.800
1.500
150
3.800
1.950
5.300
1
2
2
4
300
200
300
200
600
400
3
1
2
3
782
254
72
254
854
508
90 174 2 4 1
100 1 1 3 4
100 4 1 4 4
200 5 2 7 8
11.785 2.675 20 900 150
12.828 0 0 100 0
200 122 4 900 25
500 5.260 0 900 0
11.985 2.797 24 1.800 175
13.328 5.260 0 1.000 0
27
0
41
41
1.840
100
115
0
1.955
100
1 1 3
7 2 4
1 4 4
8 6 8
0 56 30
0 0 30
0 6 50
20 0 50
0 62 80
20 0 80
Country
115
Romania
116 117 118 119 120
Russian Federation Rwanda Samoa Sao Tome and Principe Saudi Arabia
121
Senegal
122
Serbia
123 124 125 126 127 128
Seychelles Singapore Slovakia Slovenia Solomon Islands South Africa
129
Spain
130 131 132
Sri Lanka Suriname Swaziland
133 134 135 136
Sweden Switzerland Syria Tajikistan
137
Tanzania
138 139
Thailand Timor-Leste
140
Togo
141
Trinidad and Tobago
142 143
Tunisia Turkey
144
Uganda
Leading Organizations Qatar Financial Center QNB Embassy of the Kingdom of the Netherlands WestBay Consultancy Royal School in Transylvania Financial Supervisory Authority Asociatia pentru Promovarea Performantei In Educatie Banca Comerciala Romana (BCR) National Bank of Romania Transylvania College The Right to Education Foundation Sago Finance Key International School Ministry of Finance of the Russian Federation AIESEC Rwanda Central Bank of Samoa MOVE São Tomé and Príncipe Social Development Bank Sown Advisory for Individuals and Families SEDCO Holding Fin’Education For Youth YES-Senegal Centre Sportif Fayda JOB EAB Center for Financial Education and Empowerment (CEFIN) National Bank of Serbia UN Youth Seychelles Smarter Me OVB Allfinanz Slovensko (Akadémia vzdelania OVB) National Education Institute of the Republic of Slovenia Central Bank of Solomon Islands Africa Financial Inclusion Network Positive Planet International The Banking Association South Africa PayPal Institut d'Estudis Financers (IEF) Apprender Cuenta Network for Education Children and Youth Sri Lanka Central Bank of Suriname Centre for Financial Inclusion Ministry of Finance Ministry of Education Swaziland Finansinspektionen - Financial Supervisory Authority Sweden International School Rheintal Mobaderoon National Bank of Tajikistan University of Central Asia SPCE Tajikistan Khorog State University BRAC Tanzania St. Constantine’s International School Bank of Thailand Banco Central de Timor-Leste MOVE Timor-Leste ONG La Colombe Mérite International de la Jeunesse - Togo National Financial Education Committee (NFEC) - The Central Bank of Trinidad and Tobago Connect the Dots Enda inter-arabe FODER - Financial Literacy and Inclusion Association Habitat Association (Habitat) I Profile Foundation Hearts Extended Uganda The Private Education Development Network (PEDN) National Curriculum Development Centre (NCDC)
Number of Participating Organizations
Number of events
Number of activities
Total number Number of children of events and reached directly activities
10
4
34
38
18 178 50 360 149 22 18 3 3 100 14 11 3 40 1 4 2
12 11 4 1 1 6 1 0 1 41.690 3 1 0 0 9 7 2
25 238 7 360 420 13 20 2 4 41.690 7 4 4 56 9 38 2
12
5
8 8 16 1 12 14 2
Number of children reached indirectly
Number of adults reached directly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
1.500
20.000
1.000
350.000
2.500
370.000
37 249 11 361 421 19 21 2 5 83.380 10 5 4 56 18 45 4
200 7.685 4.580 26.710 10.500 550 299 50 15 1.875.968 1.288 463 30 3.261 4.000 173 60
1.200 7.824 249 35.000 26.250 700 598 200 30 5.905.000 1.000 6.716 1.500 500.000 12.000 88.246 60
300 887 1.300 400 150 260 47 15 10 45.000 65 252 5 627 2.500 315 15
3.000 47.208 2.900 5.000 450 500 598 400 60 3.000.000 250 500 50 500.000 100 95.381 15
500 8.572 5.880 27.110 10.650 810 346 65 25 1.920.968 1.353 715 35 3.888 6.500 488 75
4.200 55.032 3.149 40.000 26.700 1.200 1.196 600 90 8.905.000 1.250 7.216 1.550 1.000.000 12.100 183.627 75
5
10
90
180
40
70
130
250
5 5 4 1 6 8 1
17 22 12 2 12 30 1
22 27 16 3 18 38 2
93 710 174 50 125 2.700 594
41.200 1.000 250 500 400 10.000 1.000
103 70 153 50 250 800 30
164.800 100 210 1.500 300 10.000 100
196 780 327 100 375 3.500 624
206.000 1.100 460 2.000 700 20.000 1.100
3
1
3
4
75
0
25
0
100
0
14 1 14 1 132 3
1 1 8 0 132 2
8 2 10 4 132 7
9 3 18 4 264 9
1.635 50 247 200 15.000 767
3.000 0 3.409 200 10.000 182.236
42 4 53 40 5.000 40
12.350 0 19.944 500 1.500 268.036
1.677 54 300 240 20.000 807
15.350 0 23.353 700 11.500 450.272
12
2
4
6
1.025
1.015
700
280.000
1.725
281.015
14 1 12 36 54 2 3 3 2 5 5 2 10
0 0 17 45 9 7 4 3 1 3 0 2 1
12 0 24 64 9 10 4 3 2 4 3 2 8
12 0 41 109 18 17 8 6 3 7 3 4 9
5.020 0 1.420 9.180 3.100 200 100 32 815 2.354 40 100 500
95.000 0 3.500 9.180 30.000 50 500 179 815 3.467 100 560 4.000
150 0 120 24 145 30 2.000 50 815 2.467 5 15 30
198.480 0 2.000 24 15.000 5 5.000 80 54.041 3.467 50 50 150
5.170 0 1.540 9.204 3.245 230 2.100 82 1.630 4.821 45 115 530
293.480 0 5.500 9.204 45.000 55 5.500 259 54.856 6.934 150 610 4.150
31
4
19
23
600
1.500
100
100
700
1.600
1 27 70 119 6 5 9 4
1 6 65 156 5 1 116 2
1 74 5 156 4 3 9 5
2 80 70 312 9 4 125 7
9 342 20.000 103.964 120 40 7.315 1.235
9 14.000 30.000 1.039.640 240 100 25.000 3.293.154
13 60 150 15.610 130 30 250 12.897
0 8.000 600 156.100 240 150 100.000 38.691
22 402 20.150 119.574 250 70 7.565 14.132
9 22.000 30.600 1.195.740 480 250 125.000 3.331.845
Country
145
Ukraine
146 147 148
United Arab Emirates United Kingdom United States
149 150
Vietnam Yemen
151
Zambia
152
Zimbabwe
Leading Organizations Youth Empowerment Development Foundation Uganda (YEDFU) Deposit Guarantee Fund Ukraine Sumy State University Gymnasium School No. 27 State Higher Educational Institution "Banking University" National Bank of Ukraine Ternopil National Economic University Okhtyrka Secondary School #1 Okhtyrka City Council Sumy Region Abu Dhabi Securities Exchange (ADX) MyBNK Operation HOPE Fidelity Bank - A Division of Ameris Bank Vietnam Microfinance Working Group Al-Amal Microfinance Bank Yemen foundation for Sustainable Development, Entrepreneurship Support & Business Development Bank of Zambia Securities & Exchange Commission Pensions & Insurance Authority Rural Finance Expansion Programme Financial Sector Deepening Zambia Savings Bank Foundation for International Cooperation (Germany) IAZ CMAZ AMIZ ZAPF BAZ The Bankers Association of Zambia Global Foundation of Public Speaking Reserve Bank of Zimbabwe Cultiv8 Africa Zimbabwe Stock Exchange Abantu Development Initiative Trust
Number of Participating Organizations 6 4 21 2 85 700 12 8 3 23 14 0 26 2
Total number Number of children of events and reached directly activities 4 80 9 170 63 1.300 15 180 66 600 4.152 181.846 9 250 24 943 3 200 0 0 14 420 0 2.311 0 0 35 6.579
Number of events
Number of activities
2 3 5 5 11 7 2 4 2 0 0 0 0 4
2 6 58 10 55 4.145 7 20 1 0 14 0 0 31
13
1
12
13
87
9
40
49
120 6 19 16 2 2 10.050 Number of Participating Organizations
10 5 0 1 1 1 50.134
60 10 0 1 2 2 104.619
Number of events
Number of activities
Number of children reached indirectly
Number of adults reached directly
80 20.000 300 180 950 300.000 1.500 982 150 0 0 0 0 462.496
30 74 26 20 100 16.100 40 89 20 0 0 0 0 5.921
30 170 300 30 300 700.000 1.000 21 2.000 0 0 0 0 439.371
110 244 1.326 200 700 197.946 290 1.032 220 0 420 2.311 0 12.500
110 20.170 600 210 1.250 1.000.000 2.500 1.003 2.150 0 0 0 0 901.867
6.060
10.000
200
400
6.260
10.400
35.000
4.000.000
10.000
2.000.000
45.000
6.000.000
0 170 0 400 150 93 50.350.988
10.000 37 0 15 4 70 1.594.437
2.000.000 102 0 600 200 120 108.165.954
10.000 207 926.318 55 71 101 9.970.006
2.000.000 272 0 1.000 350 213 158.516.942
Number of children reached indirectly
Number of adults reached directly
70 0 15 170 0 926.318 2 40 3 67 3 31 154.753 8.375.569 Total number Number of children of events and reached directly activities
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
Number of adults Number of people Number of people reached indirectly reached directly reached indirectly
“It is very important to know the importance of Money and importance of Saving from a young age onwards...”
“We would like to develop savings culture in Ukraine. Global Money Week video contest promotes the idea of savings for future among young people.”
─ Mr. Robert van Trikt, President Central Bank of Suriname, at the GMW2019 Opening Ceremony in Anton Residaschool, Suriname
─ Robert Bond, USAID Financial Sector Transformation Project Director, Ukraine
...
...
“The youth should be involved in our campaign to save and learn to manage their money for their future.”
“We are not doing our children any good when we restrict them to utilize their potential to become who they wish to become in life. Parents should also inculcate the right investing habits in children, a practice that will serve their future.”
─ Marieta P. Hwang, GMW Launch Event, The Philippines ...
“I learned to save.” ─ Lubembe (8), Uganda
180
Global Money Week Report 2019
─ Madati Mohamed, BRAC Senior Regional Manager during the education seminar in Arusha region, Tanzania
“Financial literacy is our futures. The key factor for the level of literacy in Slovenia is the length of initial education and completed education. Each individual who wishes to maintain and improve his financial well-being, must be capable of managing his financial resources competently A possible solution for addressing the contents of financial education in Slovenia may be to offer it as an elective subject or to devote a higher percentage of hours in the existing scope to the teaching of economic subjects, thereby also offering all pupils an equal opportunity to acquire knowledge and skills from the area of finance.” ─ Irena Simcic, National workshop, Slovenia
“You are never to young to start saving.” ─ Mrs. Lilian Ferrier, Minister of Education Science & Culture at the GMW2019 Opening Ceremony in Anton Residaschool, Suriname ...
“We are very pleased to participate another year in Global Money Week offering activities to transfer financial competencies to society, and especially young people that will allow them to make better financial decisions in the future.” ─ Jordi Martinez, Director of Financial Education at the IEF. Talk about Startups, Institut Català de Finances, Spain
ANNEX 2: QUOTES FROM GMW2019 ”The visit was amazing. Especially learning about new departments in the bank, meeting new people and making new friends from other schools. I think the visit really helped me in some way to help me think about my future.” ─ Loic De Commardmond, Student, Financial Tour, Seychelles
“People with special needs are a major player in the financial sector. They should not be left out. Thank you to Global Money Week for making inclusion and acceptance possible.” ─ Veronica Kaweesa, Executive Director of Hearts Extendedm, Uganda
“Children need to know that someone actually worked and earned money, saved part of the money earned and invested the other part in an activity that generated more cash, which they are spending today.” ─ A teacher, St Constantine Secondary School Andrew Atiende, Tanzania
─ Dirishi de La Fuente, Student, GMW2019 Opening Ceremony in Anton Residaschool, Suriname ...
... ...
“I have learned a lot about Money today, the importance of Saving Money and the Security features of the SRD-bills.”
“The earlier children learn about money, savings and investments, the better they manage their personal finances throughout their lives.’ ─ Mr. Mohamed Madati, Brac Finance Manager at the Micro Finance Women Group visit by the students of St.Constantine’s International School, Tanzania
“The entire financial tour organized entailed an enormous amount of details when it comes to banks and their different branches and how they operate. It was a good experience in learning and having a deeper insight into the world of banking. The tour definitely provided a good guidance to students who are still in the path of choosing a career.” ─ Neha Nagnesia, Student, Financial Tour, Seychelles
“The time to learn is NOW. The time to save is NOW. The time to earn is NOW!” ─ NSE Head of Human Resources, Stock Exchange visit in Nigeria, GMW2019 ...
“GMW is a perfect platform to create the next generation of financial literacy warriors.” ─ Teilo Mukani, Kenya ...
”GMW 2019 is a great event to encourage people to be aware about financial literacy.“ ─ Ivan, Coordinator of Genbi, Indonesia
Global Money Week Report 2019
181
“Most of us will agree that the question of financial literacy is today a matter of general literacy. It seems almost impossible to walk through life without basic knowledge of finances.” ─ Sanda Kuhti Nalis, Director Sector of Business Support, Head of Corporate Communications, Zaghreb Stock Exchange, Croatia ...
“This is a wonderful and inspiring cause, to help children learn about saving money and our small part in helping children of the world to better educated about money matters. Anything you can do to spread the word about this great cause will be appreciated.” ─ Marc Bineham, National President, Association of Financial Advisers, Australia 182
Global Money Week Report 2019
“Throughout Global Money Week, we received excellent comments from the students and the teachers from the different educational centers who attended. All were very enthusiastic and commented that this type of event is excellent for the children and youth of the country, and will help them expand their knowledge about economics and finance. What they liked the most is that they learned in an interactive way, through games, dynamics and even plays.” ─ Representative of the Central Bank of Dominican Republic, Dominican Republic
”Child & Youth Financial International through GMW is transforming the world. Financial Literacy is a key factor for the success in life to generate development and a business mindset anywhere. This is specially necessary in underdeveloped countries.” ─ Ivan Rosero, Principal, Colegio Empresarial Los Andes, Facatativa, Colombia
global money weekweek REPORT 2018 2019 global money REPORT