2021 GMW Annual report

PORTUGAL GMW national coordinator: National Plan for Financial Education (led by the Banco de Portugal, the ASF Portuguese Insurance and Pension Funds Supervisory Authority and the Portuguese Securities Market Commission) Participating organisations: Banco de Portugal, Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF),Comissão do Mercado de Valores Mobiliários (CMVM), Associação Portuguesa de Bancos (APB), Associação de Instituições de Crédito Especializado (ASFAC), Associação Portuguesa para a Defesa do Consumidor (DECO), Fundação Dr. António Cupertino de Miranda (FACM), Ordem dos Psicólogos Portugueses (OPP), Rede de Bibliotecas Escolares (RBE), and over 180 schools Total number of participating organisations: 192 Number of children and young people reached directly: 9,384 Number of adults reached directly: 836 Number of people reached indirectly: 12,000 The GMW 2021 in Portugal was coordinated by the National Plan for Financial Education and involved more than 10,200 participants from more than 180 schools.

The GMW 2021 celebrations kick-started with the national session, opened by the Chair of the Coordination Committee of the National Plan, the Deputy Head of the Directorate-General for Education (Portuguese Ministry of Education) and by the Chairman of the GMW Working Group of the OECD/INFE, who addressed the role of GMW in promoting financial education amongst young people. In this session, the financial supervisors and partners of the National Plan shared their activities programme for the Week.

On March 23rd, the financial supervisors promoted an online debate between secondary school students on the importance of saving to increase financial resilience. On March 24th, a similar online debate took place, where the students discussed the safe use of digital channels for making payments and other financial operations. More than 450 students from eight schools discussed these topics in the classroom, prior to the online debates, based on lesson plans developed by the financial supervisors. Two students from each school presented the outcome of these discussions during the online debates.

The Portuguese Banking Association (APB - Associação Portuguesa de Bancos) organised the national final of European Money Quiz, an initiative to test young people’s financial literacy, using the Kahoot! app. This year’s edition involved around 2,500 students from 40 schools. During GMW 2021, APB also developed awareness raising initiatives for 500 people, together with municipal libraries and senior universities. These sessions addressed subjects such as managing the household budget, taking out credit, managing debt and the financial system in general.

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