2021 GMW Annual report by OECD-DAF

Organised by

GLOBAL MONEY WEEK ANNUAL REPORT 2021 1

Ed 9th e h T

ition of

Global Money

Wee k(

GM W) too kp la

M -28 22

h arc 20 2

GLOBAL MONEY WEEK ANNUAL REPORT 2021

CONTENTS

FOREWORD.......................................................7 ABOUT GMW....................................................8 ABOUT OECD/INFE..........................................9 GMW GOES DIGITAL.....................................10 GMW 2021 THEME: TAKE CARE OF YOURSELF, TAKE CARE OF YOUR MONEY...14 G20 ITALIAN PRESIDENCY SUPPORT.......16 THE GLOBAL LAUNCH OF GMW 2021........19 GLOBAL COVERAGE: FROM PRESS TO SOCIAL MEDIA...............................................20 REGIONAL AND INTERNATIONAL INITIATIVES DURING GMW.........................21 The European Money Week......................21 Aflatoun Day..............................................21 MONITORING AND EVALUATION EFFORTS FROM GMW PARTICIPATING ORGANISATIONS...........................................23 CHALLENGES AND LESSONS LEARNED...24 GMW 2021 OUTREACH..................................27 COUNTRY OVERVIEWS.................................29 Afghanistan....................................................30 Albania............................................................32 Angola.............................................................32 Argentina........................................................35 Armenia...........................................................36 Australia.........................................................38 Austria.............................................................39 Azerbaijan.......................................................40

Bangladesh.....................................................42

Hungary...........................................................82

Peru...............................................................120

Belarus............................................................43

India.................................................................84

The Philippines.............................................122

Belgium...........................................................44

Indonesia.........................................................85

Poland...........................................................124

Bhutan.............................................................46

Ireland.............................................................86

Portugal.........................................................126

Bolivia..............................................................48

Israel...............................................................86

Romania.........................................................128

Botswana........................................................48

Italy..................................................................88

Russian Federation......................................130

Brazil...............................................................51

Japan..............................................................89

Rwanda.........................................................132

Bulgaria...........................................................52

Jordan..............................................................90

Saudi Arabia.................................................132

Burkina Faso...................................................53

Kenya...............................................................91

Serbia.............................................................135

Canada.............................................................54

Korea...............................................................93

Seychelles....................................................136

Cape Verde......................................................54

Kosovo............................................................95

Sierra Leone..................................................137

Chile.................................................................56

Kyrgyzstan.....................................................96

Slovakia.........................................................138

China...............................................................56

Latvia..............................................................97

Slovenia.........................................................141

Colombia..........................................................59

Lesotho...........................................................98

South Africa..................................................142

Comoros.........................................................60

Liberia.............................................................98

Spain............................................................144

Croatia.............................................................60

Libya..............................................................100

Suriname.....................................................146

Czech Republic...............................................60

Luxembourg..................................................100

Sweden........................................................146

Dominica.........................................................61

Madagascar..................................................101

Switzerland..................................................147

Dominican Republic.......................................62

Malaysia........................................................102

Tajikistan......................................................148

Ecuador............................................................63

Maldives........................................................104

Tanzania.........................................................149

Egypt................................................................64

Mali................................................................105

Thailand.........................................................150

El Salvador.......................................................66

Malta..............................................................106

Trinidad and Tobago.....................................151

Estonia.............................................................69

Mauritius.......................................................107

Turkey............................................................152

Ethiopia............................................................70

Mexico...........................................................108

Uganda.........................................................153

Finland.............................................................70

Moldova.........................................................109

Ukraine..........................................................154

France.............................................................72

Mongolia.......................................................111

United Arab Emirates..................................155

Georgia............................................................74

Montenegro...................................................112

United Kingdom............................................155

Germany...........................................................77

Morocco........................................................112

United States................................................156

Ghana...............................................................77

Nepal..............................................................113

Uzbekistan....................................................156

Greece..............................................................78

The Netherlands...........................................114

Venezuela....................................................158

Guatemala.......................................................80

Nigeria...........................................................116

Yemen...........................................................158

Guinea..............................................................80

North Macedonia.........................................117

Zambia.........................................................160

Haiti..................................................................81

Panama..........................................................118

Zimbabwe.....................................................161

Honduras.........................................................82

Paraguay.......................................................118

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Examples referencing particular firms, financial products or services in this document are for illustrative purposes only, and their inclusion or reference does not constitute or suggest any endorsement by the OECD, INFE or its member countries. © OECD 2021 6

FOREWORD It has always been important to know how to manage one own personal finances, make a budget, save for retirement, and avoid becoming victims of financial fraud. Yet, in the early 2000s, only a few were considering financial education as a policy priority. Financial literacy was regarded as an interesting topic for academic research and one of the relevant factors for supporting pension reforms, but it was not very high on the overall financial and economic policy agenda. The discourse around financial education could not be more different today. After a global financial crisis and in the midst of another global social and economic crisis, after more than 20 years of research, policy making, implementation and advocacy, not only financial education is globally recognised as a key element in a trilogy meant to empower financial consumers, alongside financial inclusion and financial consumer protection, but it is considered an essential life skill that all, from young to old, should possess in order to lead productive, empowered, resilient financial lives and to support individual financial well-being. Financial literacy is now recognized by most stakeholders from global leaders, regulators, educators, parents and children to business and academic communities as part of the skillset essential for all. And efforts to increase its reach, impact and effectiveness are growing by the day. The Global Money Week campaign is a testimony to the impetus that financial education has created around the world. Over the years, the campaign has transformed from a start-up initiative in a true global scale effort, which has continued to increase in reach and depth. As Chair of the OECD International Network on Financial Education, I am proud that today the OECD/ INFE is successfully spearheading Global Money Week, building on the efforts from Child and Youth Finance International. It is an honour and a privilege to work with organisations from over 100 countries around the world to help making sure that children and youth have access to high-quality financial education, learn about money matters from a young age and are able to take smart financial decisions that can improve future financial resilience and financial well-being. Despite the difficult circumstances under which the GMW was held this year, organisations from around the world have joined their virtual hands with enthusiasm in an effort to ensure that children, young people, their parents and teachers have the resources and tools to improve financial literacy. These partners from around the globe have shown resilience, commitment and passion for financial education. On behalf of the OECD/INFE and the GMW Team, I wish to warmly thank all of them! André Laboul Chair of OECD/INFE, Senior Counselor for Financial Affairs OECD

ABOUT GMW Global Money Week (GMW) is a global awareness-raising campaign on the importance of ensuring that young people, from an early age, are gradually acquiring the knowledge, skills, attitude and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being. The ultimate goal of GMW is to ensure that all children and youth have access to high-quality financial education, they learn about money matters and are able to take smart financial decisions that can improve future financial resilience and financial well-being. Initially developed by Child and Youth Finance International (CYFI) in 2011, GMW continued to grow by engaging an increasing number of public, private and civil society organisations. In 2019, CYFI reported that over 150 countries and overseas territories participated in GMW over the years.

 Angola GMW 20218

As of 2020, the campaign is coordinated globally by the OECD International Network on Financial Education (OECD/ INFE) and organised nationally by a wide range of stakeholders. Participating organisations encourage youth engagement during GMW through a variety of financial education activities in person and on line which can include financial education workshops, trainings and seminars, visits to money museums and financial institutions, public debates and competitions, financial literacy games and fairs, and many more. In many countries, financial education messages are broadcast and disseminated via a variety of channels including social media, websites, TV, radio, printed media and other online channels. Over the years, many of the countries represented in the OECD/INFE have joined the GMW campaign.

 Portugal GMW2019

ABOUT OECD/INFE International Network on Financial Education (INFE) OECD governments officially recognised the importance of financial literacy in 2002 with the launch of a unique and comprehensive project on financial education. In 2008, the project was further enhanced through the creation of the International Network on Financial Education (INFE), which is now at the forefront of global financial education policy and of efforts to collect cross-comparable data and evidence; develop methodologies to measure impact; share experiences and good practices; develop research and comparative analysis; design policy instruments and promote effective implementation and monitoring. The OECD/INFE has high-level membership from over 270 public institutions – including central banks, financial regulators and supervisors, ministries of finance and ministries of education – in 130 countries. It develops highlevel policy guidance on financial education through a collaborative, iterative approach and new methods and tools, several of which have been endorsed or supported by G20 leaders and other international and regional fora. The OECD/INFE disseminates work in a variety of ways, including by producing global and regional reports and by organising high-level conferences, roundtables and technical workshops. The OECD recognised the importance of financial education for children and young people as early as 2005, and the 2020 OECD Recommendation on Financial Literacy encourages adherents “to develop financial literacy from the earliest possible age”.1 In parallel, the OECD/INFE developed a number of policy tools and practical guidance to advance financial literacy for children and young people. Importantly, a specific assessment tool was developed by incorporating a financial literacy option into the OECD Programme for International Student Assessment (PISA). The OECD also recognised the importance of engaging a wide range of stakeholders in developing and implementing financial education initiatives. Concurrently, OECD/INFE members have increasingly focused their efforts in reaching children and youth with financial education programmes. By taking over the GMW, the OECD/INFE aims to leverage the momentum and outputs of the campaign, and to support countries and institutions delivering impartial, objective, high quality and fair financial education to young people.

1 www.oecd.org/finance/OECD-Recommendation-on-Financial-Literacy.htm

GMW GOES DIGITAL The 2021 edition of GMW was different from previous editions because of its mostly digital nature. Due to the public health situation caused by the evolving COVID-19 pandemic, most participating countries decided to implement the GMW this year exclusively digitally. The shift to digital means represented an opportunity to reach more young people. At the same time, it presented some challenges, such as limited direct interaction with young people and the risk of leaving behind young people with limited access to digital devices, or with low levels of digital literacy. Online quizzes, online games, social media messages, social media contests, video competitions, webinars and online presentations are just some examples of the activities carried out throughout the week around the world. A few examples are highlighted below. 2 For the first time, thanks to the digital environment, several events involved students and teachers from multiple countries. For example, participants from five Portuguesespeaking countries (Brazil, Angola, Portugal, Mozambique and Cape Verde) shared their experiences on financial education in joint events and had the opportunity to get to know the specifics and culture of each country. In Moldova, the FINTRIVIA quiz engaged Moldovan youngsters living in 10 different countries in a contest focused on finance facts and curiosities. Another multi-country activity was implemented through the European Money Quiz, an initiative of the European Banking Federation mostly taking place on line.

2 Examples and countries mentioned in the following paragraph are a sample and do not provide an exhaustive list of activities implemented throughout the Week.

Digital tools allowed some participating institutions to reach young people more widely than in the past. For instance, the Egyptian Banking Institute and partners widened the scope of their target audience and covered more than 25 financial education topics using different delivery modules to fit each targeted segment. The launch of the Week in Russia was held online on the biggest social network, Vkontakte. It allowed to engage more than 1.5 million participants through 16 hours of online broadcasting with over 70 speakers including bloggers, journalists, entrepreneurs, experts from the Ministry of Finance, the Central Bank and leading companies. The digital environment also allowed more than 10,000 students in Belgium to engage with several Ministers through virtual courses on financial education and live sessions with questions and answers. The shift to digital delivery also encouraged many organisations to develop new financial education games. Sweden leveraged on the GMW to launch Pengalabbet (The Money Laboratory), an online educational game for children about everyday economics developed by the Economic Museum and the Swedish Financial Supervisory Authority. In Germany, young people had the opportunity to participate in an online escape game, where they had 30 minutes to collect information and to reach the end of the game. The Financial Compass Foundation in Hungary also released an online financial “escape room” for individual players. Bank of Thailand also launched an online “Money Game”, a web-based financial literacy game consisting of nine levels through which financial education concepts are conveyed (such as saving for emergency fund, money management tips, and basic concepts of investing). During the live playing sessions, the Bank of Thailand could follow the answers given by participants to the questions set up at the end of the sessions, and found that the game had successfully manage to transmit key messages to those playing it.

 Malaysia GMW2021

Online contests have also been an effective way of exploiting the features of digital delivery. The IFEC in Hong Kong, China organized a territory-wide online Money Management Challenge for kindergarten, primary and tertiary students jointly with education and NGO partners across various digital and social media platforms. Participants in kindergarten and primary school were encouraged to present their goal-setting and saving ideas through role-playing, story-telling, accompanied by drawings, arts and crafts or animation, and to submit their entries via video clips. As tertiary students tend to be very active on social media, they were challenged to create text and video content around the topics of money management, digital scams and investment, which were then turned into Facebook and Instagram posts to share with their peers and encourage more awareness around personal financial management. Bank of Albania organised the “Best post on Facebook” contest on the topic “The impact of Covid-19 on the economy and care for personal finances during a pandemic”, while the National Bank of Georgia (NBG) and the national Financial Education Platform organized a country-wide Facebook contest for schoolchildren on the topic of money and the world of money. Based on their answers to questions, 15 winners were selected and awarded by NBG. A Global Money Week Social Media Challenge was also organized by the Central Bank of Nigeria for young people aged 18-35. The Challenge was deployed on Twitter and Instagram. Over 2,200 entries were received and the top 10 were invited to a virtual grand finale on March 31st. The top 3 finalist were selected by a panel of judges drawn from relevant stakeholders. The National Bank of Ukraine organised the virtual flash mob challenge ‘Dance like Moneyman’, where Moneyman was the hero of the special microsite for the GMW 2021 campaign.

Types of activities organised during GMW 2021 Activity Type

Total number of countries and economies which implemented the activity

Financial education workshops/lectures online

Financial education workshops/lectures in person

Financial education games online

Financial education games in person

Virtual national Launch of GMW

National Launch of GMW in person

Quiz or competition online

Quiz or competition in person

Writing essays competition/creative competition

Virtual visits to stock exchange

Visits to stock exchange in person

Virtual visits to money museum

Visits to money museum in person

Online Youth Talks

Media - Radio show

Podcasts

Note: Includes data from Hong Kong, China Source: GMW post-reporting forms, as reported by participating organisations and countries

Several countries organised online live discussions with students on different topics related to money, allowing for peer interaction but also engagement with national experts. For example, the Royal Monetary Authority of Bhutan developed the “FinLit Edu Chronicle”, whereby young people were able to share their thoughts and views on different financial education topics on the FinLit Bhutan Facebook page. In Portugal, financial supervisors organised two innovative activities, specially designed to make students discuss the importance of savings and the safe use of digital channels to increase financial resilience. More than 450 students from 8 different secondary schools answered an online survey about their savings patterns and risk behaviours when using digital channels; the results of these surveys were subsequently discussed in the classroom and students were asked to prepare a summary of the main findings; finally, two students from each school were invited to participate on an online debate, to present their conclusions and discuss ways to improve savings and to use digital channels more safely. A similar format was used by the Financial and Capital Market Commission in Latvia. After conducting a survey of young people about their knowledge and skills in managing pension savings, the Commission organised an online discussion based on the results, with students challenged to share why they are not actively engaging with their pension and how they would like the State to invest their pensions. Some countries developed hybrid initiatives to engage populations with limited access to internet. For instance, live TV shows on financial awareness were conducted by Nepal Rastra Bank (the central bank of Nepal) on national television, while in Poland a radio broadcast featured actors of the Puppet Theatre who told fairy tales with an economic content. Japanese public authorities collaborated with the largest economic newspaper company in Japan to engage people online.

GMW 2021 THEME: TAKE CARE OF YOURSELF, TAKE CARE OF YOUR MONEY “Take care of yourself, take care of your money” was the official theme of Global Money Week 2021. The COVID-19 pandemic has affected most countries around the world and has impacted the financial situation of families and individuals. Importantly, it has also increased young people’s vulnerabilities in terms of their access to education, employment, social interaction and mental health. Many young people have been left without the possibility of earning basic income and both they and their families have been affected financially by the pandemic. The effects of the pandemic have been felt the most by vulnerable young people. The theme of Global Money Week this year, “Take care of yourself, take care of your money”, stressed the importance of building financial resilience to cope with the current crisis but also with future ones, thereby supporting financial well-being. Young people need to have the instruments and opportunities to build a better, more inclusive and more sustainable future, for themselves and for the societies they live in. Financial literacy is one of those instruments, together with adequate financial inclusion and financial consumer protection frameworks. Around the world, participating countries and institutions have addressed the GMW theme through various activities, ranging from contests and essay competitions, to webinars, lectures and presentations on related topics. Many of the initiatives cited in the previous section also focused on financial resilience. A few more examples are highlighted below. 3 For example, the Australian Securities and Investments Commission (ASIC) used social media to reach out to those struggling during the COVID-19 pandemic with financial issues through messages from the @Moneysmartteam such as “if you’re feeling overwhelmed by money or personal issues, it can be hard to know where to turn. You don’t have to do it alone #GlobalMoneyWeek2021”. In Romania, the Financial Supervisory Authority and its partners addressed topics such as earning responsibly, having personal budgets, spending smart, knowing the value of money and taking care when engaging in payments online or e-commerce. The Kronofogen (Enforcement Authority) in Sweden led a social media campaign on financial resilience and debt for children and young people.

3 Examples and countries mentioned in the following paragraph are a sample and do not provide an exhaustive list of activities implemented throughout the Week to address the GMW 2021 theme.

14 14

 Bhutan GMW2021

In Mongolia, two leading mobile network operators supported GMW 2021 by sending SMS savings reminders to all their mobile phone clients between 15-40 years old. Moreover, the Bank of Mongolia organised a TikTok competition where young people had to create songs about “Saving is easy”, while the Central Bank of Nigeria’s song competition on the theme “Take care of yourself, take care of your money” gathered more than 2,200 entries. In Germany, the non-profit FunnyMoney launched a YouTube series designed to help young people understand the importance of long-term decision-making. Video tutorials including “three steps for taking care of your money” proved to be popular in Trinidad and Tobago too. In Italy, almost all GMW activities highlighted the importance of planning in advance to better respond to economic and financial shocks, such as for example webinars aimed at educating parents to correctly understand and anticipate their children’s financial needs (for instance, spending on education). In Portugal, several key activities explored the importance of taking care of money and creating financial resilience. Examples include students’ discussions on how to save and the role of an emergency fund but also around the topic of safety online and digital payments (including risky behaviours when using your mobile phone). Finally, in Malta, presentations by the Central Bank of Malta focused on discussing ‘cyber risk for students’.

G20 ITALIAN PRESIDENCY SUPPORT This year’s GMW campaign benefited from the support of the G20 Italian Presidency. The G20 Italian Presidency logo was featured on the GMW website to showcase the support of the G20 Presidency for the campaign. This year’s GMW’s theme and focus on financial resilience also aligned with the G20 Italian Presidency priorities: People, Planet, Prosperity. The G20 priorities highlight how the pandemic has had profound impacts on the health and livelihoods of people. While a challenge, the crisis is also an opportunity to build back better, for more resilient, sustainable and greener societies. The G20 Global Partnership for Financial Inclusion (GPFI) co-chairs also actively participated in GMW related activities. Magda Bianco, Head of the Consumer Protection and Financial Education Department at the Bank of Italy and co-chair of the GPFI, highlighted that financial and economic literacy are essential tools for the empowerment of young people in her intervention during the Global Launch of GMW 2021.

17 17

THE GLOBAL LAUNCH OF GMW 2021 The 2021 edition of GMW was launched on 22 March 2021, through a virtual live event accessible on YouTube and the GMW website. The Global Launch featured opening remarks by: • Mr. Angel Gurría, Secretary-General, OECD • H.M. Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) Mr. Angel Gurría reminded that the OECD has for many years promoted financial literacy for all, and especially for young people. The OECD Recommendation on Financial Literacy encourages governments to take measures to develop financial literacy from the earliest possible age. More than 75 countries around the world are currently developing or implementing national strategies for financial education, to ensure efficient coordination of financial literacy initiatives for all target audiences, and especially for young people. Yet more remains to be done, and Global Money Week has an important role to play in this. Mr. Gurría highlighted that basic financial literacy can make a crucial difference in the opportunities and life prospects of young people, being a foundation stone for lifelong well-being and for a more inclusive economy. The OECD remains committed to advancing financial literacy for all and supporting participating countries in their efforts. UNSGSA Queen Máxima, who also spoke in her capacity as the as the Honorary Chair of the Money Wise Platform in the Netherlands, highlighted that childhood financial experiences heavily influence adult financial well-being and that financial education of children and young people represents the most effective path to instil sound financial behaviours in future grown-ups. To build back societies and economies that have been affected by the COVID-19 pandemic, it is critical, according to the Special Advocate, to create an ecosystem that supports the financial resilience of today’s youth by incorporating financial education in broader strategies promoting financial health. The UNSGSA also emphasised the importance of collaboration between public and private sectors to ensure that young people are provided with financial education but also appropriate financial services within a well-developed financial consumer protection framework. Opening remarks were followed by a video of young people from around the world, sharing why financial education is important for them. A high-level panel of global policymakers discussed why financial education for young people is a priority for their countries, and shared how their institutions are celebrating Global Money Week this year. Key insights were shared by: • Magda Bianco, Head of Consumer Protection and Financial Education Department, Bank of Italy and Co-chair of the G20 Global Partnership for Financial Inclusion • Anna Zelentsova, Ministry of Finance, Russian Federation and Co-chair of the G20 Global Partnership for Financial Inclusion • Mairead McGuinness, European Commissioner for Financial Services, Financial Stability and Capital Markets Union • Marcelo Barbosa, Chairman, Securities and Exchange Commission (CVM), Brazil • Olano Makhubela, Acting Commissioner, Financial Sector Conduct Authority, South Africa • Gurumoorthy Mahalingam, Commissioner, Securities and Exchange Board of India (SEBI) The panel of global high-level policy-makers was moderated by Ms. Claer Barrett, Consumer Editor of Financial Times and closing remarks were provided by Ms. Flore-Anne Messy, Head of the Consumer Finance, Insurance and Private Pensions division at the OECD and Executive Secretary of the OECD/INFE.

 The Netherlands GMW2021

GLOBAL COVERAGE: FROM PRESS TO SOCIAL MEDIA The 2021 edition of Global Money Week received broad media coverage. Thanks to the efforts of organisations all around the world and based on self-reported information, the Week’s activities and events were mentioned in over 7.000 press articles from February to April 2021! In addition, throughout the Week, multiple social media platforms were buzzing with posts and shares about events taking place around the world! Social media provided partners and youth with the opportunity to engage with the global community. The GMW Secretariat supported GMW participants’ press and social media efforts. Leading up to GMW, the Secretariat developed social media toolkits including sample posts, templates and visuals. Hundreds of posts by participating organisations were shared and retweeted in the lead-up, during and after the campaign. New LinkedIn and YouTube accounts were created in 2021 and over 149,000 people visited the GMW website in March 2021. During the month of March, the social media accounts of GMW experienced notable increases. For example, over 1000 followers were gained on both Facebook and Instagram accounts and almost 500 on Twitter. Outreach was also high, with almost 300.000 impressions reached only in the month of March.

REGIONAL AND INTERNATIONAL INITIATIVES DURING GLOBAL MONEY WEEK The European Money Week The European Money Week (EMW) is an annual initiative, aligned with Global Money Week. During the EMW 2021, activities ranging from classroom teaching sessions, seminars, and conferences organised by national banking associations and the European Banking Federation (EBF) were offered to young people in more than 35 European countries. Three online webinars were organized under the umbrella of the #CountingEveryoneIn message. This includes sessions on financial security at an older age, the gender gap in financial literacy and its impact on economic empowerment as well as the need for an efficient skillset for young Europeans. The European Money Quiz (EMQ) is one of the activities organized during the EMW. It is Europe’s biggest financial literacy contest for 13-15 years old students. The quiz was launched in 2017 as an initiative to promote financial education by national banking associations across Europe, under the coordination of EBF. In 2021, 50000 students from 28 countries tested their knowledge on a set of topics consistent with the OECD/INFE guidelines and core competencies on financial literacy. The classrooms that emerged as winners of their national competition have selected a team of two representatives to represent their school in the European finals. In detail, the participating teams came from Albania, Austria, Azerbaijan, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, North Macedonia, Norway, Poland, Romania, Serbia, Slovakia, Slovenia, Sweden, Turkey, Portugal, and Spain. The European Money Quiz finals took place in Brussels.

Aflatoun Day Aflatoun International organises the Aflatoun Day, a celebratory and learning event about social and financial education and skills, which is timed to coincide with Global Money Week. In the run-up to Aflatoun Day 2021, and within the Global Money Week 2021, the organisation and its partners held a series of calls with and between children and young people from more than 40 countries across the globe. The youth openly spoke about how the COVID-19 pandemic affected their lives and shared their coping mechanisms. On Aflatoun Day itself, Aflatoun hosted an Awards ceremony of the Aflatoun Partners Resilience Challenge, highlighting outstanding stories from partners on navigating the COVID-19 pandemic and continuing to empower children and youth worldwide with social and financial education.

0 21

 A fl a t

oun

Aflatoun International is a non-governmental organisation offering social and financial education to children and young people worldwide, with a network of over 300 partners in over 100 countries.

b lom



21 21

22 22

MONITORING AND EVALUATION EFFORTS FROM GMW PARTICIPATING ORGANISATIONS Countries around the world have also made efforts to capture and measure the level of reach, satisfaction and impact of GMW. Given that many of the activities were carried out digitally in 2021, organisations focused on capturing first and foremost outreach figures, such as social media outreach, 4 including tracking the number views, likes, shares. Many organisations also tracked types and numbers of materials distributed in schools and households, such as children’s board games, booklets, or other materials. In North Macedonia, for example, a social media campaign by the pension authority, MAPAS, reached between 50,000 to 300,000 daily unique Facebook users. By using a variety of media, adapted to their target audience, including community radios, the organisers of the Money Week in South Africa reached over 60 million people during the campaign. The digital environment also allowed countries to develop and implement online quizzes and satisfaction surveys that could be easily filled-in by participants after the events. For example, in Brazil a satisfaction survey link was sent following specific events. Outcomes indicated a high level of satisfaction of participants (over 98% of the participants indicating that the events either exceeded or met expectations and 99.1% said that they would refer GMW to a friend). In Portugal, the two initiatives organised by the financial supervisors during GMW (which included online debates about savings and digital channels), were subject to an evaluation process. Both students and teachers were asked to assess the classroom activities and the online debate, by answering a satisfaction survey. Preliminary results indicated that all teachers and 97% of students agreed or strongly agreed that these initiatives contributed to students’ learning; moreover, 86% of the teachers indicated that they wished to carry out other financial education initiatives in the future. Similarly, in Suriname, a virtual quiz was developed and shared with young people, consisting of questions about the different activities implemented. Satisfaction surveys were also sent to teachers in Hungary a few weeks after the completion of GMW. They indicated a satisfaction rate of 85-100% in all the areas evaluated (such as topics chosen, implementation of the lessons or engagement of pupils). Other countries opted for more in-depth measurements of the effects of GMW activities on participants’ financial knowledge. For example, the virtual GMW fair in Peru had a monitoring and evaluation component, which aimed at identifying improvements in participants’ financial knowledge after visiting the different stands and conferences of the virtual fair. The SBS developed an entry test, an exit test, and an indicator of the level of interaction of the participants in the virtual fair. Results suggested an increase in financial knowledge of participants after taking part in the GMW activities. Similarly, in Egypt, pre and post assessments were organised for all training session. Finally, in South Africa, the organising committee implemented a monitoring and evaluation exercise to evaluate critical aspects of the Week. These included evaluating the planning activities against the set objectives and an evaluation of survey responses by various participants to implemented financial education initiatives and their satisfaction levels. 5

4 See, for example, the GMW google analytics reports from Ecuador: https://globalmoneyweek.seps.gob.ec/wp-content/uploads/2021/04/report1.pdf ; https://globalmoneyweek.seps.gob.ec/wp-content/uploads/2021/04/report2.pdf 5 The comprehensive report is available here: https://mswsa.co.za

CHALLENGES AND LESSONS LEARNED Implementing GMW in 2021 was challenging for many organisations, given the evolving sanitary situation. In a few cases, activities planned had to be changed and fully transitioned online at the very last minute. Nonetheless, organisations showed resilience and commitment to the GMW and successfully carried out activities, some exceeding expectations. Participating organisations shared a number of common lessons learnt.

Leveraging on digitalisation to reach and engage young people.

Digital tools have been instrumental in ensuring a successful campaign. For example, in Israel, financial education lessons were pre-recorded and broadcasted in schools, and they were complemented by a budget game that young people could play on their phones. This combination seemed to be very effective and managed to engage the youth. For some countries, reaching young people through social media has proven to be very effective, as it has focusing the financial education lessons on actuality topics that many young people are interested in, such as investing, insurance or sustainability.

Mix of remote and in-person activities to ensure inclusiveness.

While experiencing with new delivery methods and understanding the potential benefits of continuing with hybrid engagements in the future, some countries also recognised the need to bring back the “physical experience” dimension of GMW activities, especially for younger children or children with limited access to digital devices, in order not to restrict their participation.

Collaboration within and across countries.

Collaborations and partnerships with NGOs and advocacy groups that have a footprint in remote areas have helped some countries to ensure a wider reach and inclusive celebrations. At the same time, participants appreciated the possibility of cross-country collaborations and activities (as in the case of lusophone countries) and expressed interest for more such activities to be organised in the future through digital means.

Sharing experience.

 Uzbekistan GMW2021

Sharing of experiences amongst countries has also been helpful to GMW participants in preparation of the Week, and there is appetite for more such engagements to be organised, especially on ideas and innovative tools on how to implement financial education activities digitally. Regional events have also been suggested as an effective way to facilitate peer learning. Identifying national coordinators at country level has also been helpful in centralising and integrating activities and the work of the financial education community at country level.

25 25

109

participating countries

16,172

organisations

12,825,044

children & young people reached

15,332,682 adults reached

218,640,176

people reached indirectly

GMW 2021 OUTREACH GMW’s global outreach is based on data reported after the Global Money Week by participating organisations. The GMW Secretariat uses this self-reported data to understand global, regional and national outreach and the Week’s growth. Participating countries: The OECD reports GMW activities that have taken place in all United Nations Member States. In a majority of cases, the GMW is coordinated by GMW national coordinators. These are public authorities (central banks, financial supervisory authorities, ministries of finance, ministries of education, etc.) that play the role of focal point for the GMW campaign in a specific country or economy. Typically, full or regular OECD/INFE members take the role of GMW national coordinators. Organisations: GMW is open to all stakeholders, national and international, that may have a role to play in ensuring that young people become financially literate, such as public institutions (ministries of finance and education, central banks, financial regulatory authorities), financial institutions and their associations, civil society organisations, youth associations, universities and schools, education and health professionals, parents and young people themselves. GMW is an opportunity for national policy makers to elevate the issue of youth financial literacy to the forefront of the policy-making agenda, and advance implementation of enabling policies. For financial institutions, civil society organisations, schools, universities and parents, it is an opportunity to talk about financial and money matters with young people, stimulate their interest in financial matters and build positive financial attitudes and behaviours. Children and young people reached: Refers to the number of children and youth participants (aged 3-30) reached through online and offline activities (i.e. children and young people in preschool, primary, secondary, tertiary education or university) Adults reached: Refers to the number of teachers, parents, and other adults that have been engaged and reached though the campaign. People (youth and adults) reached indirectly: Refers to the number of participants engaged through media, TV show, press release, newspaper articles, social media and media campaigns.

Target groups of GMW 2021 Target groups

Number of countries/economies focusing on the specific target group

Children (pre-school age)

Children in primary education

Children in lower secondary education (e.g. middle school)

Young people in upper secondary education (e.g. high school)

Young people in vocational training

Young people in university

Young project leaders / entrepreneurs

Children / young people with special needs

Teachers

Parents

Note: Includes data from Hong Kong, China Source: GMW post-reporting forms, as reported by participating organisations and countries

COUNTRY OVERVIEWS 29

AFGHANISTAN Participating organisations: School of Professional and Continuing Education Afghanistan (SPCE) of the University of Central Asia (UCA) Darwaz, The First Microfinance Bank (FMFB), IshkashimLearning Centre, Teacher Training College, schools, universities Total number of participating organisations: 4 Number of children and young people reached directly: 75 Number of adults reached directly: 57 Number of people reached indirectly: 20 The School of Professional and Continuing Education Afghanistan (SPCE) of the University of Central Asia (UCA) Darwaz has taken part in Global Money Week since 2015. In 2021, teachers and students participated in sessions covering different topics such as saving money, financial management, and much more. Moreover, the School of Professional and Continuing Education, Ishkashim-Learning Centre collaborated with the First Microfinance Bank (FMFB) Ishkashim Branch and celebrated Global Money Week on March 27th. A workshop on family budgeting and financial planning led by the Deputy Branch Manager of the FMFB Ishkashim was organised for 60 participants.

ALBANIA GMW national coordinator: Bank of Albania Participating organisations: Ibanian Association of Banks, Ministry of Education, Youth and Sports, Albanian Deposit Insurance Agency, Junior Achievement of Albania Total number of participating organisations: 87 Number of children and young people reached directly: 4,500 Number of adults reached directly: 300 Number of people reached indirectly: 300,000 The Bank of Albania (BoA) and the Albanian Association of Banks (AAB), with the support of the Ministry of Education, Sports and Youth, as well as other partners, such as the Deposit Insurance Agency (ASD), have taken part in Global Money Week since the initiative was launched in 2012. The focus has been to organise educational and awareness-raising activities for pre-university and university students. This year, due to the challenges of the COVID-19 pandemic, the opening ceremony and multiple GMW 2021 events were held virtually. The opening ceremony was launched by the Governor of the Bank of Albania, the Minister of Education, Sports and Youth, and the President of the Albanian Banking Association. They highlighted the importance of financial literacy amongst the younger generations. After the welcome address by the Governor, winners of different pre-GMW competitions were announced. In the framework of GMW 2021, on March 25th, the European Money Quiz was organised for the third time in Albania. This pan-European competition aims to improve the financial culture of children ages 13-15 years. As in previous years, the Week’s programme offered interesting opportunities for students to get involved with many educational activities while respecting all measures to limit the spread of the COVID-19 pandemic.

ANGOLA GMW national coordinator: National Bank of Angola (BNA), Angola´s Capital Market Commission (CMC) Participating organisations: Seven Angolan high schools and one Portuguese, Brazilian, Mozambican and Cape Verde high schools; Securities Exchange Commission (Brazil), Capital Market Commission (Portugal), Bank of Mozambique, Bank of Cape Verde, Ministry of Action, Family and Promotion of Women, Ministry of Youth and Sport, commercial banks, Kilamba Superior Management Institute, Provincial Government of Luanda, universities Total number of participating organisations: 46 Number of children and young people reached directly: 1,392 Number of adults reached directly: 525 Number of people reached indirectly: 7,907 This year’s Global Money Week in Angola was celebrated differently compared to previous years due to the limitations from COVID-19. The National Bank of Angola (BNA) organised a limited number of lectures in some schools, but focused on webinars and radio programmes. The opening of GMW was marked with the BNA’s participation in the “House of Radio” programme of Radio Nacional de Angola (RNA), on March 22nd. During the session, information on the Campaign and agenda for the Week was presented to the audience. The BNA held 13 lectures on “Personal Finance Management: Our Relationship with Money” to 666 participants. These lectures included creativity from drawing notes and coins to puzzle games with Kwanza. Promotional leaflets, financial publications on management, savings, conscious consumption, entrepreneurship and budgeting were distributed to children and adults. The goal was to help everyone better understand financial literacy and to support develop skills and confidence necessary to build financial well-being in the society. The BNA also organised a webinar on the GMW 2021 theme of “Take care of yourself, take care of your money,” two other lectures focusing on “Personal Finance Organisation for the Formation of Family 32

Heritage” and “Public Debt Bonds.” The BNA and Capital Market Commission moderated these. 112 participants were representatives of ministerial bodies, universities, schools, women’s associations, scouts, the BNA employers and others. To celebrate GMW 2021, the Capital Market Commission (CWC) together with partners engaged over 600 children and 1,200 people through several digital activities. Discussions on money related topics with students, teachers, influencers and others were held via webinars. Throughout the week, children shared videos explaining how they manage their personal allowances and for what purposes. Social networking sites were used to share messages and information about the Week. To promote the Campaign, the Capital Market Commission distributed banners with GMW information through the local taxis and mini buses in the city. Overall, GMW 2021 registered 8,573 participants, mostly adolescents and young people. The event was disseminated by the media to draw attention to the importance of the adequate management of financial resources, its impact on making correct decisions when buying, saving and investing. 33

ARGENTINA Participating organisations: Bancor, 70 schools and the Ministry of Education of Cordoba Total number of participating organisations: 70 Number of children and young people reached directly: 400 Number of adults reached directly: 15 Number of people reached indirectly: Not reported To celebrate Global Money Week 2021 in Argentina, Bancor organised a financial education workshop on March, 25th. Many students, 400 adolescents and 15 teachers participated in the session from 70 schools in Córdoba.

ARMENIA GMW national coordinator: Central Bank of Armenia Participating organisations: Minister of Education, Science, Culture and Sports of Armenia, Ministry of Labor and Social Affairs of Armenia, Ministry of Innovation and Technology of Armenia, Deposit Guarantee Fund of Armenia, Financial System mediator, ACRA credit bureau, Armenian Motor Insurers’ Bureau, Armenia Securities Exchange, Union of Banks of Armenia, Union of Credit Organisations of RA, HSBC Armenia, Armeconombank, Telcell, Reso Insurance company, American University of Armenia, Armenian National Agrarian University, Gladzor University, Shirakatsy Lyceum International Scientific-Educational Complex, Poqrik Ishkhan Educational Complex, Junior Achievement of Armenia, Armenpress, B24, Armtimes, Hetq.am, News.am, Lratvakan.am Total number of participating organisations: 123 Number of children and young people reached directly: 2,705 Number of adults reached directly: 370 Number of people reached indirectly: 4,500 The 2021 edition of Global Money Week in Armenia included both online and offline events. Many of the activities were organised by government, financial institutions and public organisations. Over 2,700 children and youth took part in the campaign that helped them to develop their knowledge, skills, attitude, and behaviour about personal finance management and money matters. In Armenia, another financial education campaign called ‘My Finance Month’ project is planned annually that starts with Global Money Week and is held until mid-May. To kick-start Global Money Week 2021, the Central Bank organised a live webinar about money management. Experts from various financial institutions and organisations were invited to give speeches on money matters. Social media and news channels were used to share updates from the event. The topics were defined by the Facebook users, and the most popular topics were about savings, debt management, securities, cryptocurrencies, etc. Throughout the week, many online and offline activities were organised, including workshops and lectures in schools and universities. Also, two competitions were announced: an art competition on the topic of “It is not easy to deceive me” that was dedicated to the financial scams and frauds, as well as a Wikipedia article competition to enrich the online encyclopaedia. The Central Bank of Armenia in cooperation with the Ministry of Education, Science, Culture, and Sport and Junior Achievement Armenia once again organised an annual financial-economic competition. Due to COVID-19, the event has been organised remotely in the past two years. The 10th-grade high school students participated in the regional competition followed by semi-final and final online competitions. The students had to answer theoretical questions and solve problems through the online tool Quizizz. Their answers showcased their competencies in money matters and personal financial management. “Virtual Savings Game” was organised for adults via Zoom. Because of COVID-19 outbreak, Savings Game boardbased training materials were redesigned by the Armenian representative of German Sparkassenstiftung for International Cooperation into a virtual format to continue engaging beneficiaries via online workshops. These materials were translated into Armenian and adopted for the training format. “Poqrik Ishkhan” Educational Complex initiated a career day called “To be or not to be an economist” where students had an opportunity to learn about the profession of an economist and asked their questions. A new event was initiated and organised by the Shirakatsy Lyceum International Scientific-Educational Complex called “Learning by teaching.” The programme included secondary school students teaching younger children about money matters.

AUSTRALIA Participating organisations: Australian Securities and Investments Commission (ASIC) Total number of participating organisations: 1 Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: 450,000 The Australian Securities and Investments Commission (ASIC) took part in Global Money Week 2021 through social media promotions using the Global Money Week hashtag, directing Australians to resources on Moneysmart.gov.au during the week. Promotions achieved a total of 454,962 social media impressions.

Did you know? The ASIC participated in the GMW with activities related to the GMW 2021 theme by developing a social media campaign promoting the link between mental health and financial well-being.

AUSTRIA GMW national coordinator: Central Bank of Austria (Oesterreichische National bank – OeNB) Participating organisations: ING Austria, Three Coins Total number of participating organisations: 3 Number of children and young people reached directly: 1,500 Number of adults reached directly: 700 Number of people reached indirectly: 100,000 To celebrate GMW 2021, the Central Bank of Austria held an online Global Money Week Quiz focused on financial education topics. It was designed and divided into three categories targeting elementary, lower and upper school students. Cash prizes were offered to winners. In addition, the Euro Aktiv Online workshop was organised for youth between the ages of 14-19 using interactive tools to help them learn about financial education. ING planned money classes, where teachers used different materials to create a school lesson. ING also created a money workbook for younger children to paint and craft on financial education topics. Money talks in the form of videos were created with the aim to inform interested young people about financial education related issues. During GMW 2021, the Three Coins competition KARDEA! was held. The aim is to promote a conscious and responsible approach to money. The prize motivates students between the ages of 6-19 to think about money and develop financial literacy skills. Students could participate alone or as a group or a class. The medium for the project presentation could be chosen freely: from self-painted pictures to posters, videos, games, a play or a social media campaign. The organisation reached around 350 students during the GMW 2021 Campaign week.

AZERBAIJAN GMW national coordinator: Central Bank of Azerbaijan Republic Participating organisations: Secondary schools, art centres, creative schools, youth development centres, and others Total number of participating organisations: 500 Number of children and young people reached directly: 780 Number of adults reached directly: Not reported Number of people reached indirectly: 780 The Azerbaijani Government announced 2021 as a year of the poet Nizami Ganjavi. The Central Bank of Azerbaijan Republic (CBAR) used Nizami Ganjavi concept for Global Money Week. The purpose of this year’s campaign was to increase financial literacy knowledge and skills of students by acquainting them with the ideas of critics of wastefulness, value for money, saving and saving habits in Nizami Ganjavi’s poems. A painting and essay writing competition was held during GMW. A special website was created for this purpose here, to include helpful information about the terms and conditions of contest and Nizami Ganjavi’s verses from “Khamsa” regarding debt, wastefulness, value for money, saving and saving habits. The painting competition was held for students between the ages of 7-14. Around 450 youth in 400 schools from all over the country mailed their paintings to the Central Bank of the Azerbaijan Republic. The essay competition was organised for students between the ages of 12-14. Around 330 participating schoolchildren emailed their essays to the CBAR. Both competitions selected winners of the first, second and third place. Due to overwhelming number of participants, the announcement of winners was postponed to May, 7th. The winners will receive prizes and certificates. The top ten finalists of both painting and essay writing contest will be invited to take part in the central banking seminars prepared for them by the experts from the Central Bank. The workshops will be held virtually or physically, depending on the circumstances related to COVID-19. Additionally, small groups from all participants have the opportunity to join financial literacy seminars in 2021.

BANGLADESH Participating organisations: Daffodil International University, Bangladesh Skill Development Institute, Financial Inclusion Department - Bangladesh Bank, Ministry of Posts, Telecommunications and Information Technology, Bangabondhu Digital University, Start and Improve Your Business (SIYBBangladesh), Department of Innovation and Entrepreneurship, Daffodil International college, Daffodil Polytechnic Institute, Daffodil International School, British Council, Campus TV, National Institute of Science & Technology, My e-Kids, National Youth Development Forum, Media Lab, South Breeze School, Milestone College, Spiral World, The Prominent, and many more virtually Total number of participating organisations: 17 Number of children and young people reached directly: 10,000 Number of adults reached directly: 1,000,000 Number of people reached indirectly: 150,000 Throughout Global Money Week 2021, the Daffodil International University, Bangladesh Skill Development Institute, Bangladesh Bank, along with partners reached 200,000 children and youth through digital and direct activities. During the Week, a series of online financial literacy awareness sessions were offered for children, youth and for adults. High-level discussions on GMW 2021 theme of “Take care of yourself, take care of your money” were held virtually. News from the Campaign was circulated through print media.

BELARUS GMW national coordinator: National Bank of the Republic of Belarus Participating organisations: Association of Banks, Association of Insurance Companies, Association of Professional, Participants in the Securities Market, Association of Financial Market Development, Ministry of Economy, Ministry of Education, Ministry of Finance, Ministry of Information, Ministry of Labor and Social Protection, Ministry of Taxes and Duties, Ministry of Antimonopoly Regulation and Trade, National Academy of Sciences of Belarus, Republican Microfinance Centre, Belarusian Republican Youth Union, State Palace of Children and Youth, Union of Microfinance Institutions, media outlets, banks, credit unions, leasing companies, insurance companies, local authorities, schools, educational institutions (kindergartens, colleges, academies), and universities, 128 Savings Bank “Belarusbank” branches, 500 educational institutions Total number of participating organisations: 546 Number of children and young people reached directly: 545,059 Number of adults reached directly: 155,012 Number of people reached indirectly: 1,050,071 The National Bank of Belarus has been coordinating annual celebrations of Global Money Week since 2013. More than 3,000 events were organised in all regions of the Republic of Belarus. About 500,000 children and youth took part both in online and offline events. These included open days, online financial education lessons and lectures, hackathons, digital motivational sessions for teachers and students, trainings, presentations, and so much more. The ringing of the bell at the Belarusian Currency and Stock Exchange opened GMW 2021 celebrations in Belarus. After the opening ceremony, the staff of the stock exchange conducted an online lesson on financial literacy for children. The schoolchildren were introduced to the main points of the exchange’s activities, were taught to understand the difference between stocks and bonds, and were given valuable advice on the possibility of making money with securities. The event was held online and live broadcasted. The main event of the National Bank of Belarus was the video competition “Money Matters Matter” for bloggers. The contest theme was inspired by GMW 2021 focus of “Take care of yourself, take care of your money.” The National Bank of Belarus developed materials on the topic of “Digital literacy in the financial sphere.” These can be accessed here. All GMW related information was posted on the Unified portal of financial literacy website here. In addition, various stakeholders organised events for children and youth of all ages. These activities included master classes and lectures for students in higher education institutions, financial education lessons for schoolchildren, and cartoons for children in kindergartens. Commercial banks, financial institutions, and other stakeholders provided trainings, seminars, and lectures for children and youth across the country. Activities were covered in the media. During GMW 2021, 128 regional divisions of JSSB Belarusbank organised about 550 events in more than 500 educational institutions including schools, colleges, institutes and universities, reaching more than 50,000 participants.

BELGIUM Participating organisations: FSMA (Financial Services and Markets Authority) / Wikifin, the Belgian Monarchy with Her Majesty the Queen Mathilde, The Belgian Federal Government with Prime Minister, Minister of the Economy and Employment, Minister of Finance, Fight against Fraud, Minister of Small Businesses, the Self-Employed, SMEs and Agriculture, Institutional Reform and Democratic Renewal, Minister of Pensions and Social Integration, Combating Poverty, State Secretary for the Budget and Consumer Protection, Federation of the Belgian financial sector: Febelfin, School’s Federation Wallonia-Brussels, Flemish Community of Education, European Banking Federation (EBF) and others Total number of participating organisations: 3,010 Number of children and young people reached directly: 10,300 Number of adults reached directly: 710,000 Number of people reached indirectly: Not reported Throughout Global Money Week 2021, the FSMA/Wikifin along with partners such as the Belgian Monarchy, the Belgian Federal Government, the schools of the Wallonia-Brussels Federation and of the Flemish Community, Febelfin, BIZ/CAW and reference centres to fight overindebtedness reached 13,000 children and youth through several digital activities.

10,000 secondary school students had a very unique opportunity to take digital classes led by the Prime Minister, the Deputy Prime Minister, the cabinet ministers of the Federal Government and by the Chairman of the FSMA. Topics discussed included “From barter to bitcoin: the evolution of payment methods in an increasingly digital economy”, “The labour market and the professions of the future”, “Why do we pay personal income tax? What are the obligations of Belgians in this respect?”, “What is the difference between self-employed status as an individual and as a company?”, “The functioning of social security”, “The state budget and tips for managing your budget”, “Sources of financing for businesses: from bank credit to crowdfunding”, and many more. For teachers and students who did not get a chance to attend, they could view the sessions on the Wikifin website. More than 2,000 students from the first and second year of secondary school had a chance to test their financial knowledge and responsible consumption during the Wikifin Quiz held on March, 24th. This activity was a collaboration with the Federation of the Belgian Financial Sector (Febelfin). For everyone who did not have a chance to participate in the Wikifin Quiz, the questions were made available online, or they could play directly via the website and the Kahoot! app. Also, free teaching materials were made available on the Wikifin School website to help teachers prepare their classes for the Wikifin Quiz. One 5th-year and one 6th-year class of primary school had a chance to take part in a remote conversation with Her Majesty Queen Mathilde on March, 18th, an event that kicked-started the Belgian Money Week. The students had an opportunity to learn about budgeting through the educational game “Just’in Budget.” Through the game, the youth gained better understanding of the difference between cash and bank payments, why it is important to put money aside for the unexpected, what credit is and its impact on budget management, why paying in instalments is more expensive than paying in one go, and more. They then spoke with Her Majesty about what they had learnt from the experience in terms of budget management. Moreover, BIZ/CAW, in charge of debt prevention in Flanders and Brussels focused on the WAKOSTA app where students could enter all their income and expenditure while the app calculates what is left over each week or month. Groupe Action Surendettement (GAS), a co-creator of the Just’in Budget game engaged youth with their initiative.

BHUTAN GMW national coordinator: Royal Monetary Authority of Bhutan Participating organisations: Financial institutions, Ministry of Education, 20 schools, Gedu College of Business Studies, Bhutan Care Credit Ltd (MFI) Total number of participating organisations: 28 Number of children and young people reached directly: 6,830 Number of adults reached directly: 1,500 Number of people reached indirectly: 5,000 To celebrate GMW 2021, the Royal Monetary Authority of Bhutan together with partners planned different activities. On March 24th the launch of “Financial Literacy and FinTech” curriculum, a joint Certificate Programme at Gedu College of Business Studies (GSBS) was held. The initiation of the programme was graced by the Vice Chancellor and the Governor of the RMA. The college envisions that the programme helps young people to better understand financial matters and give practical experience of undergoing FinTech challenge. The modules impart critical understanding of the linkages between financial inclusion to inclusive economic development, managing personal finance, and more. Upon successful completion of the programme, students were awarded a joint certificate (RMA-GCBS) on Financial Literacy and FinTech. During the week, the “KUEN-Phen Financing” concept, an integrated model of crowdsourcing and bridge financing for the marginalised segment, was launched. The launch was attended by the Governor of the RMA, and other representatives from financial institutions, NGOs, and relevant agencies. The KUEN-Phen Financing supports the National Financial Inclusion Strategy 2018-2023 objective of creating an inclusive finance for unserved and underserved segment of the population. Kuen-Dhen is a not-for-profit spearheaded by the Royal Monetary Authority in collaboration with the Royal Securities Exchange of Bhutan (RSEBL) and Bhutan Care Credit Limited (BCCL). Its aim is to raise funds through an innovative mix of crowdsourcing and bridge financing. Many school across the country participated in GMW through numerous initiatives such as financial literacy programmes, opening of bank accounts, creative competitions in essay, art, quiz and video as well as launching of other school projects and Students Business Seedling (SBS) Nucleus clubs. The Bank of Bhutan collaborated with the Parking Fee Collectors and Taxis for payments through National QR with an aim to reduce cash and small note handling. TBank and Tabadramtoe Lower Secondary School (A YE Banking school) initiated opening of bank accounts for students. Similarly, Bhutan Development Bank Limited (BDBL) assisted in opening bank accounts for students at Zangkhar Primary School (A YE Banking School), Lhuntse. Bhutan National Bank Limited (BNBL) team celebrated GMW 2021 at Haa and Paro with the sensitisation programme on financial literacy for children and youth. Druk PNB Limited joined the Campaign at Umling Lower Secondary School, Gelephu with the opening of bank accounts for students.

Did you know? RMA organises FinLit Edu Chronicle, a social media initiative to engage young people in discussions and get direct insights of their views about financial matters. During the GMW, the RMA organized the FinLit Edu Chronicles on 2021 Global Money Week theme “Take care of yourself, Take care of your money” on the FinLit Bhutan Facebook page. Participants were asked to share their critical thoughts and views on the theme and send their self-made videos. 46

BOLIVIA Participating organisations: Association of Private Banks of Bolivia (Asociación de Bancos Privados de Bolivia), Banco Nacional De Bolivia S.A., Banco Mercantil Santa Cruz S.A., Banco De Crédito De Bolivia S.A., Banco De La Nación Argentina, Banco Bisa S.A., Banco Unión S.A., Banco Económico S.A., Banco Solidario S.A., Banco Ganadero S.A., Banco Fortaleza S.A., Banco Fie S.A. Total number of participating organisations: 11 Number of children and young people reached directly: 750 Number of adults reached directly: 250 Number of people reached indirectly: 14,000 During GMW 2021, the Association of Private Banks of Bolivia launched a new webinar series about credit. Two of them were held during Global Money Week led by speakers from partner banks on topics of interest rates and payment plans. This year it was necessary to talk about credit, so that young people understand better the government measures taken to reactivate the economy. Sessions organised by the Association of Private Banks of Bolivia will continue after the end of Global Money Week.

BOTSWANA Participating organisations: Fin-Edu, Step Up Education Botswana, Ramaphatle Primary School, RB2 FM, Mogokotswane Primary School, Kwena Sereto Junior School, Kgari Sechele Senior School, Spar Mafenyatlala Mall, Institute of Entrepreneurial Development Total number of participating organisations: 3 Number of children and young people reached directly: 225 Number of adults reached directly: 100 Number of people reached indirectly: 225 During Global Money Week 2021, Fin-Edu reached about 50 primary school students and 50 parents through financial education workshops at Ramaphatle Primary School. Parents were engaged in the topics through social media. In addition, Fin-Edu used RB2 FM, a local national radio station and press to communicate about the Campaign. Step-Up Education Botswana partnered with SPAR which is one of the largest retailers across Southern Africa and jointly organised a workshop aimed at delivering financial literacy through digital activities such as research, video and radio interviews. 175 children, youth and 175 parents were engaged in the activity. The workshop was facilitated through several sessions in collaboration with the Institute of Entrepreneurial Development and local businessmen or farmers who taught the youth about financial literacy and how they can use agriculture as a mean of survival. The sessions covered topics such as using money to achieve your goals, saving, credit, debt, investment, banking, tax, budget and applying for a loan. Radio interviews were conducted to share GMW news. Video contests were organised to reach a greater audience through social media platforms. These activities targeted children, youth and adults who could not attend Global Money Week sessions in person due to the COVID19 pandemic.

BRAZIL GMW national coordinator: Securities and Exchange Commission of Brazil (CVM) Participating organisations: Banrisul, Instituto Cresol, Instituto Sicoob, Fundo de Bolsas, Grupo Ação Jovem (ONG), PLANEJAR, FECAP, ANBIMA, B3, ABRAPP, Eleva Educação, Guide, SUSEP, Tesouro Nacional, DSOP, Ministério da Justiça, PREVIC, CDL Itauna, Secretaria da Previdência, Colégio DOM, Ministério da Educação (MEC), Secretaria de Educação de MG, Infomoney, Valor Investe Total number of participating organisations: 27 Number of children and young people reached directly: 1,400,00 Number of adults reached directly: 1,400,00 Number of people reached indirectly: Not reported Throughout Global Money Week 2021 the Securities and Exchange Commission of Brazil (CVM) along with 26 partners reached 1,1 million children, youth and teachers trough several digital activities such as live shows, webinars, podcasts, TV show, radio programme, courses, and more. During GMW, financial literacy awareness sessions were offered for children, youth, teachers and for adults, mostly through digital means. This included sessions for household budget, credit and indebtedness, emergency and opportunity funds, planning for the future, investments, insurance, social security, consumer law, conscious consumption, financial habits and financials, financial independence, sustainable finance, financial scams and fraud, investor protection, and much more. Over 1,900 initiatives were divided into more than 660 events and about 1,240 posts on social media to attract people’s attention to financial education and investor protection activities. Furthermore, high school students and teachers from five Portuguese-speaking countries were able to attend a webinar about the importance of financial education. The youth could share their opinions and culture aspects about each country. CVM also created a website for the GMW in Brazil. The site aims to be a hub of financial education where partners are invited to share content of financial education for young and teachers.

Did you know? Brazil, Angola, Portugal, Mozambique and Cape Verde joint forces for the GMW 2021 and organised online events for teachers and high-school students from the 5 Portuguese-speaking countries. The participants were able to share their experiences on financial education, and learn about each other’s country.

BULGARIA GMW national coordinator: Junior Achievement Bulgaria, Ministry of Finance, Ministry of Education and Science Participating organisations: 150 schools, 5 banks, 20 companies Total number of participating organisations: 175 Number of children and young people reached directly: 11,474 Number of adults reached directly: 18,886 Number of people reached indirectly: 26,878 During Global Money Week 2021, Junior Achievement Bulgaria, the Ministry of Finance and the Ministry of Education and Science along with partners reached 11,474 children and youth through several digital activities such as webinars, open lessons, innovation camps, and competitions. High-level discussions, seminars, and other educational sessions were organised online with JA Bulgaria and partners.

BURKINA FASO GMW national coordinator: Permanent Secretariat for The Promotion of Financial Inclusion (Secretariat Permanent Pour La Promotion De L’inclusion Financiere) Participating organisations: Universite De Ouahigouya, Ministère de L’Education Nationale, de l’Alphabétisation et de la Promotion des Langues Nationales, Association professionnelle des systèmes financiers décentralisés, Association professionnelle des banques et établissements financier, UNCDF, Jeunesse des Assemblées de Dieu de Viim Kuilga, Centre d’ecoute et de dialogue pour jeune Total number of participating organisations: 7 Number of children and young people reached directly: 2,427 Number of adults reached directly: 82 Number of people reached indirectly: 4,120 For GMW 2021, the Permanent Secretariat for the Promotion of Financial Inclusion trained 2,039 students on budgeting and savings in schools and at the University of Ouahigouya. Also, teachers received training of how to facilitate such sessions. Moreover, the youngsters had an opportunity to discuss directly with representatives of banks, microfinance institutions and government institutions about the challenges of financing youth projects The Youth of the Assemblies of God of Viim Kuilga in collaboration with the Listening and Dialogue Center for Youth organised face-to-face training sessions on financial education for a total of 120 people.

CANADA Participating organisations: Financial Consumer Agency of Canada (FCAC) Total number of participating organisations: 1 Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported During GMW 2021, the Financial Consumer Agency of Canada supported and promoted the importance of financial literacy among children, youth and young adults. The promotion was mostly through digital means, including social media promotion and the on-demand availability of resources and tools including web content (Canada.ca/money), interactive tools and a Youth Financial Literacy webinar (available at youtube.com/FCACan). All promotion and resources are available free of charge and in both of Canada’s official languages.

CAPE VERDE GMW national coordinator: Bank of Cabo Verde (BCV) Participating organisations: General Audit for Securities Market (AGMVM); Cabo Verde Stock Exchange (BVC); OEJ. Juventude (non-governmental organisation), Association for the Promotion of Financial Education (PROFIN), Association of Young Economists (AJECON), Communitarian Association – Friends of Safende (ACAS) and Municipality of Santa Cruz (CMSC), 3 universities and 13 schools Total number of participating organisations: 20 Number of children and young people reached directly: 933 Number of adults reached directly: 30 Number of people reached indirectly: 8,000 Throughout Global Money Week 2021, the Bank of Cape Verde with partners reached 933 children and youth through several digital and in-person activities that included many financial education sessions and contests for students in schools. Financial supervisory authorities, universities and associations organised financial literacy webinars, seminars and workshops. Several rallies followed of sensitisation actions on financial education for children and families and financial education publications were made available online.

CHILE GMW national coordinator: Commission for the Financial Market (Comisión para el Mercado Financiero - CMF) Participating organisations: Banco Central de Chile, Servicio Nacional del Consumidor, Universidad de Concepción, DUOC, Universidad del BíoBío, Universidad de Santiago Total number of participating organisations: 14 Number of children and young people reached directly: 100,000 Number of adults reached directly: 50,000 Number of people reached indirectly: 75,000 The Commission for the Financial Market, the Central Bank of Chile and National Consumer Service jointly launched Global Money Week 2021. The theme of GMW 2021 “Take care of yourself, take care of your money” was used for the Week in Chile, and a public statement on the website was published. Teachers were asked to discuss with their students about the importance of money and share videos about these talks. Additionally, the Commission for the Financial Market made interactive surveys and developed a Chilean jargon glossary about money related expressions.

CHINA Participating organisations: Lin’an Yongjia Investment Consulting Company Total number of participating organisations: 1 Number of children and young people reached directly: 10,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 5,000 During Global Money Week 2021, Lin’an Yongjia Investment Consulting Company in China, together with its partners, reached more than 10,000 families, including children and youth via GMW activities. The company organised a range of events that included live video courses on financial education for youth in China. 1,500 participants took part in these live video courses. To share updates from the events and financial education knowledge, Lin’an Yongjia Investment Consulting Company used a website here, WeChat and QQ study groups engaging over 5,000 participants through these platforms. Young people visited Yongjia company to learn about finance and investment. Around 100 families were provided with financial education plans for kids. Yongjia launched its WeChat App called Caiguanjia that focuses on financial education.

HONG KONG, CHINA GMW national coordinator: The Investor and Financial Education Council (IFEC) Participating organisations: Education Bureau, Financial Services and the Treasury Bureau, Hong Kong Police, The Boys’ & Girls’ Clubs Association of Hong Kong, Hong Kong Family Welfare Society, St. James’ Settlement, Hong Kong Institute of Certified Public Accountants, Prudence Foundation, Prudential Hong Kong Total number of participating organisations: 9 Number of children and young people reached directly: 32,363 Number of adults reached directly: 311 Number of people reached indirectly: 164,729 During the 9th edition of Global Money Week, the Investor and Financial Education Council (IFEC) partnered with government agencies, NGOs, industry bodies and the financial institutions and reached over 170,000 children, youth and adults through a

series of digital activities such as an online Money Management Challenge, Facebook live session and social media campaigns. Through partnerships with education and NGO stakeholders, the IFEC organised a set of territory-wide Money Management Challenges for kindergarten, primary, secondary and tertiary students starting in March. Participants were tasked with different age-appropriate activities outlined in the Hong Kong Financial Competency Framework here. Kindergarten and primary school participants were invited to create an ending for a fairy tale on goal setting and savings. Their entries were submitted as videos, be that animation, acting or storytelling. Aside from awarding the winning entries, short-listed entries also qualified for the “Netizen’s Favourite,” via a voting process based the number of likes per video on the IFEC YouTube page. Over 250 submissions were received, 10,000 views and 2,500 votes generated for the shorted-listed videos. Students participating in the secondary school challenge were asked to develop a video script, short story or comic on building virtues to cultivate good money management habits. In late March, an online training session was provided to 27 secondary school teachers to help them guide their students for the Challenge. 54 tertiary students formed nine teams for the IFEC Money Management Challenge and created social media feeds and videos to raise awareness of financial education among their peers. The teams met with a panel of judges in late March to report on their results, findings and learnings from the Challenge, and three winning teams were subsequently selected based on a set of criteria including the effectiveness of their social media feeds, creativity and level of financial education messages presented. The social media feeds reached 32,000 Facebook and Instagram users and generated over 8,300 likes. Aside from the Money Management Challenge, a Facebook Live session was held during GMW, featuring the winning team, who are also part of the IFEC Personal Finance Ambassador Programme here, and representatives from the IFEC and St. James’ Settlement, sharing money management ideas in today’s digital age. The Facebook session attracted 32,000 views. On the social medial front, the IFEC partnered with stakeholders from both the private and public sectors to run social media campaigns during the Week, raising awareness of the importance of financial literacy among children, their parents and young people. Participating organisations include the Financial Services and the Treasury Bureau, Education Bureau, Hong Kong Police, The Boys’ & Girls’ Clubs Association of Hong Kong, Hong Kong Family Welfare Society, St. James’ Settlement, Hong Kong Institute of Certified Public Accountants, Prudence Foundation, and Prudential Hong Kong. The social media feeds received over 100,000 comments, shares, and likes from children, young people and adults alike. In addition, the IFEC set up a portal page showcasing details of the abovementioned activities, as well as resources appealing to children, their parents and young people. The webpage attracted over 1,700 page views as of 31 March 2021.

COLOMBIA GMW national coordinator: Autorregulador del Mercado de Valores (AMV), Asobancaria, Banca de las Oportunidades, Banco de la República, Fogafín, Fundación Plan, Superintendencia Financiera de Colombia and Microempresas de Colombia Participating organisations: Banco Agrario, Banco Caja Social, Banco de Bogotá, Banco Falabella, Banco W, Bancolombia, Bancoomeva, Colegio Carlos Pizarro León Gómez, Colegio los Alpes, Colegio los Andes, Colegio Montessori, Corporación para el Desarrollo Agroempresarial de Tumaco, Corporación de crédito Contacar, Finagro, Fundación Bancolombia, Fundación WWB, Icetex, Itahú, Microempresas de Colombia, SENA, SFC, Uniminuto, Universidad Autónoma de Bucaramanga, Universidad Nacional de Colombia, Universidad Pontificia Bolivariana de Bucaramanga Total number of participating organisations: 31 Number of children and young people reached directly: 19,353 Number of adults reached directly: 932 Number of people reached indirectly: 2,648,064 To celebrate Global Money Week 2021, the Colombian organising committee along with its partners engaged more than 190,000 children and youth through several digital activities such as workshops, competitions, educational animations and finance games. Many parents and teachers participated in several activities related to money management in times of crisis. Furthermore, this year a virtual launch was organised with more than 1,522 students from different schools in Antioquia.

COMOROS Participating organisations: Réseau des Jeunes Entrepreneurs-Platforme Nationale, Association CAP “Conseil de la Paix” all for children, Association Mwana tsiwamdzima (children protection), AERS school of orientation and training for youth and children, Meck-Coop Moroni (Mutuel d’Epargne et de Credit ya Komor) Institution Financier, Tourky Salim: Sandouk Anjouan: Institution financier, Ecole primaire de la coulée de lave Total number of participating organisations: 6 Number of children and young people reached directly: 25 Number of adults reached directly: 10 Number of people reached indirectly: 35 During Global Money Week 2021 in Comoros, events and activities were held in compliance with national COVID-19 health safety regulations. Participants included children, young people, teachers, parents, project leaders and entrepreneurs. Réseau des Jeunes Entrepreneurs-Platforme Nationale planned a workshop to promote GMW, and held a session on “Managing the circulation of currency during COVID-19.” They also organised a closing ceremony with stakeholders. This event included four focus points for the future: (1) to plan activities that promote the use of digital currency (2) promote GMW (3) set up a national Global Money Week Committee, and (3) proposed a communication plan.

CROATIA GMW national coordinator: Ministry of Finance Participating organisations: Croatian National Bank (CNB), Ministry of Education, Hrvatska agencija za nadzor financijskih usluga (HANFA), schools Total number of participating organisations: 15 Number of children and young people reached directly: 3,000 Number of adults reached directly: 400 Number of people reached indirectly: Not reported During Global Money Week in 2021, the Ministry of Finance with partners offered financial awareness sessions to children, youth and adults. These were mostly held through online webinars. 3,000 children and youth were engaged in the lessons and on social media. Global Money Week news and updates were published through articles in newspapers and on websites.

CZECH REPUBLIC GMW national coordinator: Ministry of Finance Participating organisations: Czech National Bank, EFPA ČR, EFPA EU, Yourchance, Metodika, Komerční banka, Česká spořitelna, ČSOB, Modrá pyramida, ING, NN, ABC finančního vzdělávání, MHMP, City District Praha 1, Czech Mint, Primenet Praha, Zámek Hluboš z.ú., Flow & Grow, Český rozhlas (radio), 300 schools, 25 orphanages, 4 libraries Total number of participating organisations: 350 Number of children and young people reached directly: 18,160 Number of adults reached directly: 1,000 Number of people reached indirectly: Not reported In 2021, Global Money Week had a digital focus in the Czech Republic, through online competitions and games. The Ministry of Finance with partners organised many events and activities. Traditional educational programmes were moved from classroom activity to online environment. Additional meetings and webinars were organised. Some webinars

focused on sharing business stories, on how successful entrepreneurs got into their business and what hardships they have had to overcome. For many participants, these online sessions were a great opportunity to get inspired, motivated and to gain new perspectives on what entrepreneurship is and how it can look like in today’s complex world. Similar activities focusing on financial topics with practitioners and professionals were held during the Campaign.

DOMINICA Participating organisations: Junior Achievement, Salybia Primary School, First Caribbean International Bank, National Cooperative Credit Union, National Bank of Dominica Total number of participating organisations: 4 Number of children and young people reached directly: 1 Number of adults reached directly: 200 Number of people reached indirectly: 9,650 To celebrate GMW2021, Junior Achievement Dominica planned different events, especially digital contests. The official theme of GMW 2021 “Take care of yourself, take care of your money” inspired many ideas. For example, it sparked a discussion with the youth on understanding what does the theme mean to them as a young person going through the global pandemic. Top three winners of the digital contests received prizes. The winner won a tour to the banking institute to better understand the financial world.

DOMINICAN REPUBLIC GMW national coordinator: Central Bank of the Dominican Republic Participating organisations: Asociación Cibao de Ahorros y Préstamos, Asociación de Bancos Múltiples de la República Dominicana, Asociación de Instituciones Rurales de Ahorro y Crédito, Inc. (AIRAC), Asociación la Nacional de Ahorros y Prestamos, Asociación La Vega Real (ALAVER), Asociación Popular de Ahorros y Préstamos, Banco ADEMI, Banco ADOPEM, Banco BHD León, Banco Caribe, Banco Central de la República Dominicana, Banco Popular, Banco Santa Cruz, Banco Unión, Banesco, BANFONDESA, Banreservas, Bolsa de Mercado de Valores de la Republica Dominicana, Centro de Capacitación en Política y Gestión Fiscal (CAPGEFI), Dirección General de Contabilidad Gubernamental, Dirección General de Impuestos Internos, Ministerio de Comercio, Industria y Mipymes, Ministerio de Economía, Planificación y Desarrollo, Ministerio de Hacienda, Proconsumidor, Prodominicana, Scotiabank, Superintendencia de Bancos, Superintendencia de Mercado de Valores, Superintendencia de Pensiones, Tesorería Nacional, Visa Total number of participating organisations: 32 Number of children and young people reached directly: 7,360 Number of adults reached directly: 5,300 Number of people reached indirectly: Not reported To celebrate GMW 2021, Dominican Republic launched a new website for the National Strategy for Economic and Financial Education as part of the National Financial Inclusion Strategy. In addition, series of lectures and talks were organised as part of the programme. The Central Bank and CAF Development Bank led discussions with university students on their essays about “Ideas for the Future.” Banco Popular offered talks on “Saving Makes Us Well” and “Build Your Dreams in 5 Steps.” Banco BHD León organised a lecture on “Financial Personality,” Banco Santa Cruz’s held session on “Seven Financial Habits That Can Change Your Life”, Tesorería Nacional spoke about “The National Treasury Is My Task”, and Banco ADEMI planned a workshop on “Financial Education.” Other sessions included topics such as “A High-Flying Dream” and “How to Manage Your Finances in A Sustainable Way” by Asoc. Cibao de Ahorros y Préstamos. In addition, Superintendencia de Mercado de Valores held a talk about “Getting To Know The Stock Market”, and Superintendencia de Bancos focused on topics such as “Taking Care Of Your Money Is Taking Care Of Your Health”, and “Put Your Pocket In Order.” Also, ‘’Export and Investment for Development’’ lecture was led by ProDominicana, while Asociación de Bancos Múltiples de la República Dominicana planned a lecture on “Banks: What Are They, What Do They Do And What Is Their Function?” Bolsa de Valores talk was about “Contributing To The Dominican Capital Market: The Best Decision A Professional Can Make.” Banreservas organised lectures on “Child Savings” and “Preserve Young People”, Visa’s session focused on “Tools To Start And Manage Your Business With Visa”, Asoc. Popular de Ahorros y Préstamos lectures were about “How To Navigate Safely In The Networks” and “Personal Finance Management.” Ministerio de Hacienda did a lecture on “A Journey Through The Universe Of Public Finances,” whereas DGII lectures focused on “What Is This Thing Called Tax” and “Facilities And Opportunities Regarding Law No.46-20 Reintroduced By Law 07-21.” Banco Caribe storytelling was about “The Secret of the Stones.” Similarly, other sessions took place during GMW 2021. For example, Ministerio de Industria, Comercio y Mipymes held a presentation on “The Economic Education Tools” in coordination with the Franckfurt school and a talk on “Financial Tools For Life And Business.” Superintendencia de Pensiones discussed “System of Pensions In The Context Of The Dominican Socioeconomic Reality: Challenges And Opportunities” and launched the “SIPEN’s children’s stories - Collection Learning To Save.” Ministerio de Economía, Planificación y Desarrollo organised an event on the “Journey To The Digital Transformation Of The Ministry Of Economy, Planning And Development. La Nacional de Ahorros y Préstamos focused on “How To Plan Your Future In 5 Steps”, Banco ADOPEM on “Healthy Emotions For Young People” and “Develop Your Entrepreneurial Spirit.” CAPGEFI talked about ‘’Governmental Financial Administration” and “How Public Institutions Buy And Business Opportunities With The State.” Whereas, Dirección General de Contabilidad Gubernamental’s lectures focused on “Governmental Accounting In The Field Of Public Finances” and “Governmental Regulatory Instruments That Every Accountant Should Know.” Proconsumidor held a lecture on “Establish Financial Health”, BAFONDESA on “Activate Your Finances: Small Steps To Achieve Big Dreams” and “Savings Culture.” Moreover, other lectures were held as part of the Global Money Week programme in the Dominican Republic. Banesco session focused on “Financial Culture with the Savings Guru”, Scotiabank’s on “Leadership And Coaching In The Financial Sector” and “Impact Of Finances On Your Personal Well-being.” Asociación de Instituciones Rurales de Ahorro y Crédito, Inc. (AIRAC) held sessions on “Impact of Credit Unions on Young People” and “Saving is Fun”, while Asociación La Vega Real (ALAVER) talk focused on “Digital Reputation.” The Central Bank organised a conference led by the CEO Corporate Excellence, Centre for Reputation Leadership.

ECUADOR GMW national coordinator: Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria) Participating organisations: Sparkassenstiftung para la Cooperación Internacional, 63 savings and credit cooperatives, Banco de Guayaquil, Asesoría Empresarial Latinoamericana WOCCULATAM S.A., World Council of Credit Unions INC. (WOCCU), Fundación para Promover las Finanzas Inclusivas y la Gobernanza – FIG, Finanzas Inclusivas y Gobernanza – FIG, Superintendencia de Economía Popular y Solidaria, Cooperativa Atuntaqui, Cooperativa COOPAD, Cooperativa Maquita, Cooperativa Cotogchoa, Cooperativa Pedro Moncayo, Cooperativa 23 de Julio, Cooperativa SAC, Cooperativa Chibuleo, Cooperativa Luz del Valle, Cooperativa Nueva Huancavilca, Cooperativa 9 de Octubre, Cooperativa Once de Junio, CRISFE Foundation Total number of participating organisations: 83 Number of children and young people reached directly: 24,517 Number of adults reached directly: 390 Number of people reached indirectly: 613,841 The Superintendence of Popular and Solidarity Economy took the lead in organising GMW 2021 in Ecuador. This year’s events and activities were held with the support and strategic cooperation of 63 savings and credit cooperatives, one private bank and five private entities. Many educational activities were organised, aimed at children and young people in 24 provinces of Ecuador during the whole period of the GMW Campaign. Events were a great opportunity to discover basic financial concepts through trainings, workshops, contests, interviews, conferences, interactive games, and more. The emphasis was on the importance of the good use of money, differences between needs and wants, setting savings goals, responsible credit or indebtedness, investment, planning personal and family finances to make informed and responsible decisions. Specific digital materials and tools were made available as 95% of the children and young people participated in the GMW 2021 virtually. The remaining 5% carried out their recreational activities in person, because their location and target group were in rural areas, where access to the internet is limited. Each participating entity published photos, videos and information related to the Global Money Week Campaign, which this year was held under the theme of “Take care of yourself, take care of your money.” News of all these activities were linked through social networks and the GMW website. For this year’s Global Money Week, Finanzas Inclusivas y Gobernanza (FIG) developed a course for young people called “reach your dream” that included five animated micro learning videos that guided them though a game, with the scenario of climbing a mountain to achieve their dream, completing stages with learning objectives. It started from knowing where the money comes from, the difference between spending and desire, planning the savings goal to achieve the dream, and deciding to open a savings account. This course was implemented in a virtual learning platform, with personalised classrooms for 15 savings and credit cooperatives nationwide, reaching more than 1,500 young people. The course continues throughout the year. In addition, the CRISFE Foundation organised a virtual conference called “Money is enough!” during which participants could test their financial knowledge and behaviour. 63

EGYPT GMW national coordinator: Egyptian Banking Institute (EBI), Central Bank of Egypt Participating organisations: Banque MISR, Expert Development Bank of Egypt (EBE), implementing partners and NGOs, E-Youth, Egyptian Banking System Model, Bedaya Foundation for the advancement of education and culture, Mercy Foundation, Alexandria Home Economics Association, Isra Charitable Society for Community Development in Damanhour, Future Generation Association for Local Development in Tahta, Career and Future Foundation for Development, The Egyptian Association for the Support of Social Services in Galway, Sohag Governorate, Community Development Association for Rural Women Welfare, Hermas, Al-Nahda Pioneers for Sustainable Development in Tanta, Youth Association for Cooperation and Development Total number of participating organisations: 19 Number of children and young people reached directly: 7,037 Number of adults reached directly: 2,000,030 Number of people reached indirectly: 167,402 To celebrate Global Money Week 2021, the Egyptian Banking Institute and the Central Bank of Egypt collaborated with 16 other organisations and planned many events. The programme included 109 online training and financial awareness sessions, two financial inspirational talks, an incubation programme, 21 social media activities, competitions, and financial concept videos. An online financial literacy and saving camp for eight different target groups of children and youth were planned as part of the Campaign.

EL SALVADOR GMW national coordinator: The Central Reserve Bank of El Salvador (Banco Central de Reserva de El Salvador) Participating organisations: Superintendencia del Sistema Financiero, Instituto de Garantía de Depósitos (IGD), BANDESAL, Defensoría del Consumidor, Banco de Fomento Agropecuario, Banco Hipotecario, Ministerio de Economía, Ministerio de Educación, Ciencia y Tecnología, Fundación Sparkassen, Junior Achivement, El Salvador, Banco Promerica, FEDECREDITO, Banco Davivienda, FEDECACES, Fondo Social para la Vivienda, BANCOVI Total number of participating organisations: 17 Number of children and young people reached directly: 2,491 Number of adults reached directly: 759 Number of people reached indirectly: 570,787 During GMW 2021, financial literacy awareness sessions were offered to children, youth and adults, mostly through digital means. These included webinars on a variety of topics, virtual tour to money museum and library of the Central Bank “Luis Alfaro Durán,” and many competitions. The National contest on financial education included watching videos and playing virtual games on topics such as saving, budgeting, needs, wants, fixed, variable and ant expenses. The participants received awards and certificates in different categories: kids, junior and senior. The Financial Rally of “Protect your finance” consisted in resolving some challenges about financial education. The online drawing contest “Draw, Save and Learn!” required children to present a drawing about a good use of money and the importance of saving, including a video of the picture making process. Also, “Ecological Piggy Banks” contest, and a short video competition about “5 ways of saving” were held. The Central Bank of El Salvador along with partners reached 3,250 children and youth directly in their activities and 570,787 children, young people and adults indirectly though social media during GMW 2021.

ESTONIA Participating organisations: Entrepreneurship Theatre NGO with TTK University of Applied Sciences Institute of Service Economy in Mõdriku Total number of participating organisations: 2 Number of children and young people reached directly: 24 Number of adults reached directly: 1 Number of people reached indirectly: 25 Throughout Global Money Week 2021, the Entrepreneurship Theater NGO along with partners reached 24 youth from TTK UAS Institute of Service Economy in Mõdriku through several digital activities. During GMW 2021, financial literacy awareness sessions were offered, targeting youth and adults, mostly through digital means. This included sessions on financial literacy, workshops and lessons. High-level discussions, seminars, and other educational sessions were organised during COVID-19 pandemic virtually. Entrepreneurship Theatre NGO organised books exhibition and distributed financial literacy books. Photos from Enterprise Theater MTÜ can be seen here.

ETHIOPIA Participating organisations: AIESEC in Ethiopia Total number of participating organisations: 4 Number of children and young people reached directly: 30,000 Number of adults reached directly: 30,000 Number of people reached indirectly: Not reported Throughout Global Money Week 2021, AIESEC in Ethiopia along with partners reached over 30,000 children and youth through social media campaigns.

FINLAND GMW national coordinator: The Finnish Foundation for Share Promotion and Economy and youth TAT Participating organisations: Finnish competition and consumer authority, The Martha Organisation, Takuusäätiö, Coordinate, The Consumers Union of Finland, The Children and Youth Foundation, Youth Academy, Nasdaq Helsinki, Junior Achievement Finland Total number of participating organisations: 11 Number of children and young people reached directly: 2,220 Number of adults reached directly: 633 Number of people reached indirectly: 95,513 Due to the COVID-19 pandemic, this year’s week was held through digital platforms. All events were free of charge and available for everyone, excluding some visits to school classes. Finland’s Global Money Week 2021 started with Instagram live hosted by the main coordinators the Finnish Foundation for Share Promotion and Economy and youth TAT. The live acted as a welcoming event for the Week, in which all the participating organisations were introduced. The second event of the Week was a YouTube live hosted by the CEO of the Finnish Foundation for Share Promotion and Nasdaq Helsinki. The live event covered topics such as the current situation of the stock market and investing trends. Three volunteering stock ambassadors took part in the discussion as well. At the end of the event the Finnish Foundation’s stock ambassador rang Nasdaq’s old stock bell which officially launched the Global Money Week and opened a weekly stock market. Throughout the week, The Foundation’s stock ambassadors gave presentations through Zoom to upper level students in 21 schools. From Monday to Friday, the Foundation held Investing Club events at Clubhouse app, and on Friday afternoon the stock ambassadors held live events through their own Instagram page. Economy and youth TAT held Instagram lives, covering a variety of topics. Youth Academy held Zoom-events for students, with the aim to teach the students how to take care of their personal finances and how to act if they get into financial difficulties. The Martha Organisation in collaboration with Takuusäätiö had a YouTube sketch series called “Money Queen Caro.” The series discussed topics such as personal expenditure and consumption in a humorous way.

Finnish competition and consumer authority published a blog post about how digitalisation creates the need to teach new kinds of financial skills, and Junior Achievement Finland introduced their “Managing personal finances” and “Young entrepreneurs” programmes, meant for students interested in learning to manage their personal finances or interested in becoming entrepreneurs. Youth were encouraged to play Moneymaster mobile game, a collaboration between Economy and youth TAT, The Finnish Foundation for Share Promotion and Nordea Finland.

Did you know? The Finnish Foundation for Share Promotion and Economy utilised multiple digital and social media platforms to engage in conversations and exchanges with young people. Amongst them, Clubhouse events on the topic of investing proved very popular. The app gives all attendants the opportunity to participate in the conversation.

FRANCE GMW national coordinator: The Bank of France (Banque de France) Participating organisations: Ministère de l’éducation nationale de la jeunesse et des sports, Ministère des solidarités et de la santé, Ministère de l’économie des finances et de la relance, Ministère de l’agriculture et de l’alimentation, AMF, Anacofi, Association des Sociétés Financières, CCSF, Cité de l’Economie Citeco, Consommation Logement Cadre de Vie, Crésus, Institut National Consommation, Institut pour l’Education Financière du Public (La Finance Pour Tous), Familles Rurales, la Fédération bancaire française, la Fédération Française d’Assurance, Finances & Pédagogie, France ESF, La Croix Rouge, OCDE, Secours Catholique, UFC Que Choisir, UNCCAS, UNAF, la CPME, CCI, CMA, Medef, U2P et d’autres Total number of participating organisations: 30 Number of children and young people reached directly: 5,000 Number of adults reached directly: 1,000 Number of people reached indirectly: Not reported The Bank of France celebrated Global Money Week 2021, from 22 to 28 March, with games, quiz on financial education and finance-themed social media campaign. Throughout the Week, workshops and financial literacy awareness sessions were offered for children, students and for adults. Several games were played during the Week, among them “Mes Questions d’Argent” (“My Money Matters”), “J’invite un banquier dans ma classe” (“I invite a banker inside my school”) or FinQuizJeunes application. A “financial passport” was created for middle school students, as a way to teach financial education. Many goodies, containing educational messages, were awarded to players and winners. The Week came to a close with a conference gathering 6 French IAE universities. Key topics for students were discussed; among them Fintech, Green Finance and financial scams. The Bank of France closed the sessions by rewarding the three winners of a competition named Economic Excellence Prize, which gathered 1,522 students throughout the country.

Did you know? A promotion campaign by Banque de France in the national media, about four weeks before the GMW, was very successful in attracting attention and interest from the public. The campaign consisted in 10 digital press articles that aimed to raise awareness on money matters that affect consumers’ daily lives and to support people facing financial difficulties, including students. The success of the campaign led to interest from the Ministry of Education in financial education topics, with which Banque de France is planning imminent financial education activities at a broader scale.

GEORGIA GMW national coordinator: National Bank of Georgia Participating organisations: Credo Bank, FINCA Bank Georgia, Liberty Bank, TBC Bank, Terabank, Basisbank, MFO Crystal, MFO MBC, Crystal Fund, National Youth and Children’s Palace, Junior Achievement Georgia, Banking Association of Georgia, Ilia State University, Georgian Institute of Public Affairs, media organisations: on.ge; bm.ge; ghn.ge; ipn.ge; pia.ge; gbc.ge, and others Total number of participating organisations: 22 Number of children and young people reached directly: 49,650 Number of adults reached directly: 35,750 Number of people reached indirectly: 1,147,400 Throughout Global Money Week 2021, the National Bank of Georgia (NBG) and Financial Education Platform (FinEdu) here in cooperation with local and international partners, implemented various interactive educational activities that reached about 1,233,000 children, youth, and adults. The National Bank of Georgia and FinEdu organised a countrywide Facebook contest for students on the topic of money and the world of money. The 15 winners were awarded with branded gifts from the NBG. Contestants had an opportunity to learn more about saving, money management and financial security. During the Week, the financial education platform FinEdu had social activities on different topics related to money and personal finance. Posts, blogs, publications and quizzes were published on topics such as Global Money Week, history of the Money Museum, interesting facts about Georgian Lari, information about collectible and investment coins, saving, and a lot more. Together with local and international partners over 40 financial education activities were implemented including educational videos, webinars, trainings, online and in-person lectures. GMW 2021 news were shared on social media, websites, and in the media.

Commercial banks and microfinance organisations hosted a number of different educational activities. Crystal Fund and Financial Inclusion Organisation Crystal held two webinars for youth on the topics of financial literacy, saving and budgeting. Crystal published an insightful video about consumer rights, and wrote a blogpost and publication about money and savings. The Bank of Georgia held numerous social media campaigns such as quizzes, talks about savings and money on Facebook, TikTok and Instagram. TBC Bank published blogs about money and savings on helloblog.ge platform including a quiz “Tell us how you spend your money and I will tell you which generation you belong to.” FINCA Bank Georgia ran a social media campaign about GMW 2021 and importance of money matters. They also participated in a webinar that was organised by Georgian Banking Association. Liberty Bank conducted an online session on the topic of financial protection and security, and how to simplify the use of remote services. Similarly, Credo Bank, Terabank and Basisbank ran a social media campaign during the Week. MFO Micro Business Capital organised an online financial education event for students in the ages of 14-18 where a representative from the NBG delivered an interactive lecture on financial education, savings, budget, loans, and financial security. National Youth and Children’s Palace celebrated the annual international Aflatoun Day. Online webinars about history of money and financial securities were conducted for students during the Campaign. Ilia State University held a webinar for students on the topic of money transformation. Georgian Institute of Public Affair conducted in-person trainings for students on bank products. Participants discussed financial products, personal finance management and savings. Junior Achievement Georgia (JAG) hosted an online session for students and other attendees on the following topics: the function of money, personal finance, savings, investing and borrowing, the value of money, and more. Banking Association of Georgia held a webinar for adults with the involvement of financial institutions. Representatives from the NBG, the Banking Association of Georgia, TBC Bank, FINCA Bank Georgia and Liberty Bank delivered a lecture about financial education, importance and different ways of savings and personal finance.

GERMANY Participating organisations: funnymoney, Bündnis Ökonomische Bildung (BÖB), Bundesverband Deutscher Volks- und Betriebswirte (bdvb), Netzwerk Finanzkompetenz NRW, Fachhochschule Dortmund, KOMM Recklinghausen, WERTvoll macht Schule, Stiftung Rechnen, fiuse, Stiftung Würth, Stiftung Deutschland im Plus, Goldfink, Börsen AG, Digital Euro Assosciation, Finanzkidz, finlit foundation, Flossbach von Storch Stiftung, FOM Hochschule, Geld Biografien, CASHLESS München, Präventionsnetzwerk Finanzkompetenz, Stadtsparkasse Düsseldorf, Kohlekumpel, Flossbach von Storch Research Institute Total number of participating organisations: 26 Number of children and young people reached directly: 498 Number of adults reached directly: 111 Number of people reached indirectly: 8,135 Thanks to the contribution of 26 non-governmental organisations including the newly founded Bündnis Ökonomische Bildung Deutschland, Global Money Week 2021 set a landmark for financial literacy in Germany. More than 8,000 youth, young adults and teachers were reached in 37 web-based events during GMW 2021. Contributions included online lectures and interviews, panel discussions, Q&A sessions broadcast on social media as well as a digital escape room game that covered topics as diverse as the production of cash, the history of fiat money and the prospects of digital currencies, the importance of the stock market, saving and spending as well as investing in funds. In the launch event hosted by Bundesverband Deutscher Volks- und Betriebswirte, the head of the OECD Berlin Centre highlighted the fact that financial education is of vital importance not only with regard to one’s own personal well-being but also in the process of democratic decision-making.

Did you know? The most innovative event of the German GMW campaign 2021 was an online escape room organised by CASHLESS München. During a 30-minute journey, participants had to collect information needed to reach the end of the game. With the goal of raising participants’ awareness of the risk of debt, the game was a lot of fun to play in the first place, thus setting an engaging example of the use of gamification in financial education.

GHANA Participating organisations: AIESEC Ghana Total number of participating organisations: 1 Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported To celebrate Global Money Week 2021, AIESEC Ghana organised a webinar to discuss the importance of financial literacy and how it can help society to become more financially resilient and healthy. It also highlighted interventions of various stakeholders to improve the general financial literacy of young people and adults in the country.

GREECE Participating organisations: Hellenic Financial Literacy Institute, Hellenic Bank Association (HBA), Ministry of Education and Religious Affairs, 15 gymnasiums, 12 high schools (upper secondary schools), experimental School of Quality Net Foundation Total number of participating organisations: 41 Number of children and young people reached directly: 530 Number of adults reached directly: 340 Number of people reached indirectly: 16,011 Throughout GMW 2021, the Hellenic Financial Literacy Institute reached directly 270 children and youth. Over 15.011 young people were reached through several digital activities such as a short personal finance course, educational sessions at schools, a webinar, a launch of a book, articles at the press, and a survey during the Campaign week. Due to COVID-19, financial literacy awareness sessions and all other activities were offered for children, youth and for adults, only through digital means. This included high-level discussions during the webinar “Financial Literacy Enhancement in Greece”, where the Governor of Central Bank of Greece delivered opening remarks. Speakers included representatives from the Ministry of Economy, the Athens Stock Exchange and professors in Finance from the Universities of Piraeus in Athens, Greece, Glasgow in the U.K. and Frankfurt, Germany. Moreover, the webinar included the launch of the book “Financial Glossary for Kids.” Throughout the Week, young people were able to engage educational sessions through presentations by the Chairman and Founder of the Hellenic Financial Literacy Institute. Students from eight schools explored various personal finance matters. Furthermore, this year university students had the opportunity to participate in online personal finance minicourse that gave them the opportunity to understand better on how to handle their finances. Also, financial literacy articles were published in press on Kathimerini and euro2day.gr. The articles highlighted the importance of establishing a national financial literacy strategy in Greece and creating financial education programs and initiatives due to low levels of financial literacy that were revealed by a recent survey. The Hellenic Bank Association (HBA) participated for the seventh consecutive year in European Money Week and for the third year in Global Money Week by organising various activities for students of ages between 10 to 15. The European Money Quiz was the fourth National Competition held with the support of the Ministry of Education and Religious Affairs on March 23rd. The competition was conducted online with 305 students participating from 27 schools from around Greece. Educational materials for students, theirs teachers and parents were made available by HBA through the programme called “Experiential School of Quality Net Foundation.” Through these initiatives, the Hellenic Bank Association aims to make financial education accessible even in the most remote areas of Greece. The European Money Quiz dedicated website here and the Experiential School Programme website here remain active throughout the year so that games and educational materials can be accessed by all students, teachers and parents.

GUATEMALA GMW national coordinator: The Bank of Guatemala (Banco de Guatemala) Participating organisations: Ministerio de Educación, Superintendencia de Bancos, Diaco, Banco de América Central, Banrural, Fundación Azteca Total number of participating organisations: 8 Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: 7,475 To celebrate GMW2021, the Bank of Guatemala distributed economic and financial information materials and resources online, and over 7,475 people visited the website.

GUINEA Participating organisations: Ministry of Youth and Youth Employment (MJEJ), National Fund for Youth Integration (Fonds National pour l’Insertion des Jeunes - FONIJ), Association des Professionnels de la micro finance en Guinée (APIM-G), UNCDF, Collège des Étudiants des Universités Privées (CEUP), Université Mercure International (UMI) Total number of participating organisations: 11 organisations, 15 universities, 9 media organisations Number of children and young people reached directly: 13,820 Number of adults reached directly: 250 Number of people reached indirectly: 2,000 The Ministry of Youth and Youth Employment (MJEJ), through the National Fund for Youth Integration (FONIJ) organised the 2021 edition of Global Money Week during March 22-28 in Conakry. Many activities were carried out. 150 students from the Baba CISSE school were taught financial education. A financial education conference connected students from private universities and entrepreneurs through online discussion on savings and entrepreneurship. The conference was supported by the presence of the Minister of Youth and Youth Employment, representatives of the Central Bank of the Republic of Guinea, micro-finance institutions, technical and financial partners, students and young entrepreneurs. Led by

two executives, financial education experts from APIM-G and UNICEF, the conference focused on the importance of savings, identifying players in the financial ecosystem. All participants expressed the need to bring all actors of the financial ecosystem together to create the best conditions to promote access to credit at reduced costs for young entrepreneurs. This meeting was marked by the interventions of the Minister of Youth and Youth Employment and the Director General of FONIJ who in their respective speeches, welcomed the initiative and encouraged young people to acquire enough knowledge on financial matters in order to achieve financial well-being and financial resilience. During GMW 2021 in Guinea, more than 13,600 Internet users were engaged through online communication channels. National television, social networks, and other platforms were used to share GMW news and updates.

HAITI Participating organisations: Crescat, Banque de la République d’Haiti, Collège Canado Haitien, Collège Aux Jours Heureux, Collège Le Normalien, Université Quisqueya, Lycée Fritz Pierre-Louis, Société d’Inclusion Financière Groupe- Bénin, Office Box Total number of participating organisations: 8 Number of children and young people reached directly: 2,200 Number of adults reached directly: 2,691 Number of people reached indirectly: 500 Throughout Global Money Week 2021, Crescat, along with its partners, reached 2,200 youth through several digital activities. A virtual visit of the money museum was organised to explore 40 years of money collection since the creation of the Central Bank in the country. Several financial literacy awareness sessions were offered to young people and adults, mostly through digital means. This included publishing money management tips on Crescat’s social media platform during Global Money Week and the entire month of March. Additional educational online sessions were planned on money creation and on the importance of savings in time of crisis. An in-person conference took place during the GMW as well; speakers discussed different topics such as how to manage a crisis but also personal well-being issues, budget basics, the role of the central bank and how to invest while being young.

HONDURAS GMW national coordinator: National Commission of Banking and Insurance (Comisión Nacional de Bancos y Seguros – CNBS) Participating organisations: Banco Davivienda, Banco Azteca, Banco del País, Banco Financiera Comercial Hondureña (Ficohsa), Banco de América Central (BAC), Remesadora EHLEXSA, Instituto de Previsión Militar (IPM), Junior Achievement Honduras Total number of participating organisations: 21 Number of children and young people reached directly: 185,732 Number of adults reached directly: 110,740 Number of people reached indirectly: 296,472 Throughout Global Money Week 2021, the CNBS along with partners reached 296,472 children, youth and adults through several digital activities such as webinars on savings and other financial education topics. A stand-up show was developed, with a monologue of a character who comes from the future to raise awareness of the importance of being aware of the use of electronic banking, mobile banking and cybersecurity through financial education. During the Week, the CNBS published infographics on social networking sites with messages about smart money management, tips to help save, and a Facebook Live event where people learnt about the importance of saving, entrepreneurship and proper money management.

HUNGARY GMW national coordinator: Ministry of Finance Participating organisations: Ministry of Human Capacities, Ministry of Finance, Ministry for Innovation and Technology, Financial Compass Foundation, Hungarian Banking Association, Junior Achievement Hungary, Central Bank, National Tax Office, National Treasury, Audit Office, schools, banks, insurance companies, Stock Exchange Total number of participating organisations: 1,100 Number of children and young people reached directly: 171,500 Number of adults reached directly: 1,100 Number of people reached indirectly: 500,000 GMW 2021 was led by the Ministry of Human Capacities, the Ministry of Finance, the Ministry for Innovation and Technology, Money Compass Foundation (founded by the Central Bank, MCF), Hungarian Banking Association, and Junior Achievement Hungary. Government and market players joined hands to make the programme Hungarian Money Week “PÉNZ7” successful. It has grown into a public educational programme reaching over 1,200,000 schoolchildren. In 2021, after seven years of innovative work, 171,500 students from 1,100 schools joined online the Money Week. More than 700 volunteers from financial institutions, public administration and enterprises were involved in the programme.

As each year, the Financial quiz competition “ZsetON” (Token) was organised by the Ministry of Finance and its partners for high school and university students. This year’s test was held online because of the pandemic. This educational competition is very popular among youngsters, more than 36,000 students applied to participate in the contest in 2021. The final during Global Money Week included exciting tasks and lots of fun. Linked to the MCF, two school networks were set up which held a number of competitions during the Money Week. They are the PénzOkosKupa (team competition for students at ages 12-14, and 577 teams registered), BankCode (organised together with Money Museum (Central Bank), team competition for students at ages 14-18, 380 teams registered, and Stock Market Race (organised with Budapest Stock Exchange, individual four-week long competition), a virtual investment race with virtual money which saw as winner the team whose portfolio increased the most. MCF has also released an online financial “Escape room” for individual players. Students had an opportunity to learn all about savings accounts, credit and debit cards, and the importance of credit score, jobs and taxes for teens in this discounted financial literacy bundle that includes culminating Escape Room activities that can be done digitally. Another successful programme of the Week was the Innovation Day, where teams of entrepreneurial young people (4-5 people) had the opportunity to offer their own solution to a real social, business problems or challenges. During the Day, company professionals supported and advised students in developing their ideas. Due to the pandemic, these competitions were held online where ten teams tested their knowledge and creativity at the same time. The Digital Security Quiz Competition was held. Modern payment methods, PIN and password protection and other related issues were the topics of the competition developed by the Hungarian Banking Association and its partners. Students between the ages of 10-14 and 15-21 entered the online contest to test their cybersecurity abilities. As part of the European Money Week organised by the European Banking Federation, the European Money Quiz took place in over 30 countries. Hungarian youth participated and tested their financial literacy knowledge. The organisers of Money Week also created questions and tasks for students dealing with financial literacy, digital payment and security, the use of money and the related mathematical foundations. The Ministry of Finance launched the pocket money calculator “ZsetON” tailored to the needs of young people. This free online calculator helps them take control of their money by registering their expenditures and revenues in relevant categories and providing them with useful saving tips. FINTELLIGENCE International Scientific and Practical Online Conference focused on the link between FinTech and financial literacy. 425 participants from nine countries took part in this challenge.

INDIA GMW national coordinator: The Securities and Exchange Board of India Participating organisations: Reserve Bank of India (RBI), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority of India (IRDAI), National Centre for Financial Education (NCFE), National Institute of Securities Market (NISM), BSE Ltd., National Stock Exchange of India Ltd. (NSE), Central Depository Services (India) Ltd. (CDSL), National Depository Services Ltd. (NSDL), Multi Commodity Exchange of India Ltd. (MCX), National Commodity & Derivatives Exchange Ltd. (NCDEX), Kids Money Smart Total number of participating organisations: 1,000 Number of children and young people reached directly: 800 Number of adults reached directly: 103,000 Number of people reached indirectly: 1,400,000 A micro-site was developed for Global Money Week 2021 and was run on SEBI Investor website. This microsite contained information related to various activities which were carried out during GMW 2021. The microsite also contained links to websites of other participating organisations like RBI, IRDAI, PFRDA, NISM and NCFE. A press release about celebration of GMW 2021 was issued by SEBI on March 23, 2021. During GMW 2021, 1126 financial education webinars were conducted covering approximately 100.000 participants. Around 5,600 participants registered for the Quiz Competition and around 2,480 participants showed up for the Quiz. Around 1,680 participants registered for an essay writing competition. During the run up to the Global Money Week and during the week, SEBI Investor website was visited by more than 1400000 visitors. Common Financial Education Booklet of SEBI along with FAME booklet of RBI was standardised educational material for different target groups. The soft copy of these booklets were sent through email to all the participants of all the events organised during the campaign week. In addition, throughout Global Money Week in 2021, Kids Money Smart institution focused on teaching financial literacy to children with ages between 5 to 15. The Global Money Workshop was held online. The virtual launch was attended by the SEBI Governor on the first day of the Campaign. Other activities focused on social media engagement.

INDONESIA Participating organisations: Yayasan Allianz Peduli, OJK (Indonesia Financial Services Authority), PT. Asuransi Allianz Life Indonesia, PT. Asuransi Allianz Utama Indonesia, BTPN Jenius Connect, GRID Network Total number of participating organisations: 6 Number of children and young people reached directly: 5,949 Number of adults reached directly: 32 Number of people reached indirectly: 143,207 In Indonesia, the global theme of GMW 2021 “Take care of yourself, take care of your money” was used for many events and activities. A survey was conducted on social media, in which more than 1000 young people aged between 15 and 26 participated. The results showed that young people were impacted by the COVID-19 pandemic and were supported by their parents financially. The pandemic has also inspired some to become entrepreneurs. Instagram live events were held through the week with inspiring figures that shared advice on how to start a business, how to manage it but also how to manage one’s finances to survive a pandemic. A webinar on the theme “Earn Hard, Plan Hard” gathered over 400 participants. The speakers included representatives from the Financial Services Authority (OJK), Allianz, and BTPN Jenius.

IRELAND Participating organisations: The Money Advice & Budgeting Service (MABS), schools Total number of participating organisations: 2 Number of children and young people reached directly: 60 Number of adults reached directly: 10 Number of people reached indirectly: 70 During GMW 2021, the Money Advice & Budgeting Service (MABS) delivered online workshops to transition years students across the country. These sessions were delivered by local MABS services and focussed on the GMW theme “Taking care of yourself, taking care of your money.” The workshops included tips on how to draw up a budget and group exercises to help students distinguish between a financial “need” and a “want.” These sessions also explored how the students view and use money in their daily lives.

ISRAEL GMW national coordinator: Bank of Israel Participating organisations: Banking Supervision Department, Ministry of Education, The Banking System, Association of Bank’s in Israel, Paamonim Total number of participating organisations: 851 Number of children and young people reached directly: 3,540 Number of adults reached directly: Not reported Number of people reached indirectly: 3,000 At the initiative of the Bank of Israel’s Banking Supervision Department and the Ministry of Education, and through the banking system’s Financial Education Forum, financial education activities for youth, for the first time in Israel, took place as part of the GMW Campaign. The activities focused on high school teenagers, and engaged them through online lessons on budget management, savings and dealing with the bank. Interactive games on these topics were prepared, with the aim of increasing the financial awareness of the youth during and beyond the lessons they received. Throughout Global Money Week a non-for-profit organisation Paamonim planned many activities for youth. Due to COVID-19 restrictions numerous activities were conducted online, however in-person sessions were provided to youth at risk and children with special needs. Several sessions were done in partnership with the Israeli Ministry of Welfare, schools, academia and youth centers. As a volunteer based NGO with 3000 professionally trained volunteers, one key activity was a programme conducted at 7 universities and colleges in Israel. The Paamonim Students programme entails skilfully trained students to carry out economic counselling with other students from less privileged backgrounds, delivering workshops and lectures in the field of home economics to other students and acquiring tools for measured and balanced money management to pass on to their immediate circles of friends and family. Students work in pairs, support with mentoring and are often called upon to support other Paamonim professionals. Team leaders and managers on this programme are eligible to receive a scholarship from Paamonim.

ITALY GMW national coordinator: Comitato per la programmazione e il coordinamento delle attività di educazione finanziaria (Committee on Financial Education) Participating organisations: Agenzia delle Entrate-Direzione regionale dell’Emilia Romagna, AIEF Associazione Italiana Educatori Finanziari, ALFAFIN Associazione culturale per l’alfabetizzazione finanziaria, Anasf, Associazione Europea per l’Educazione Economica AEEE Italia, Associazione Legali Italiani, Associazione My Mind My Investment, Assogeco, Banca d’Italia, Cassa Rurale Alta Valsugana BCC, Collegio Ghislieri, Confcooperative Friuli Venezia Giulia, Dipartimento di Studi Aziendali e Quantitativi - Università di Napoli Parthenope, Directa SIM, Diritto del Risparmio, eQwa S.r.l. - Impresa Sociale, Essenia UETP S.r.l., Eureka!, FABI Federazione Autonoma Bancari Italiani, Findomestic Banca SpA, Finetica Onlus, Fondazione Maria Stella Maris, I. C. Santa Caterina Cagliari, ICS ‘S. Alessandra’ Rosolini, Jean Monnet Chair EUFIMAR Dipartimento di Giurisprudenza Università di Genova, Junior Achievement Italia, KnowDo IT, Manageritalia Lombardia, Museo del Risparmio, Osservatorio Imprese e Consumatori, PF Holding Srl, SoldiExpert SCF, Unioncamere, Unione Nazionale Consumatori Umbria, Università degli Studi di Bergamo, Università del Salento, Università della terza Età di Quartu Sant’Elena, Università di Catania, Università di Verona, Yunus Social Business Centre Università di Urbino, 120 schools Total number of participating organisations: 160 Number of children and young people reached directly: 6,900 Number of adults reached directly: 1,900 Number of people reached indirectly: 30,000 In Italy, Global Money Week was coordinated, for the first time at the national level, by the Committee on Financial Education and in particular by the team in charge of financial education for youth, led by the Bank of Italy (Banca d’Italia). 40 partners proposed activities and joined for the first time the Global Money Week Campaign.

Digital activities such as webinars mainly for high school and university students, online classes and games for younger students reached more than 6,900 children and youngsters. Approximately 1,900 adults, teachers and parents participated in the Week. Due to the media, newspaper articles and websites, the number of people involved in GMW 2021 is estimated to be 30,000. In line with the GMW 2021 theme, “Take care of your money, take care of yourself” most events had a special focus on financial resilience, providing students and their families with advise on how to manage their finances during the crisis. The importance of saving and financial planning was the fil rouge of many activities. Due to the pandemic, more people have started using computers, tablets and smartphones. Therefore, many partners offered digital workshops for young students to explain basic concepts of cybersecurity and raise awareness on how to protect their online transactions, especially payments. The use of gamification and challenges among students helped to explain difficult issues effectively, engaging students in stimulating activities and raising their curiosity. University students were involved in webinars on risks and protection tools for digital investors. GameStop was used in several webinars organised by universities as a case study to explain financial markets price fluctuations, the role of social media, the risk-reward relationship, and the risks related to the use of customers data. Saving and investing decisions were at the centre focus for activities targeting university students and adults. A few webinars were devoted to explaining how financial behaviour might be affected by individual bias and how this bias can affect market functioning. GMW 2021 was also an opportunity to illustrate financial education projects for schools. Many GMW partners proposed videos or web tutorials to be used directly by the students or teachers to learn the basic of most financial decision-making. Online financial education classes were also organised in several schools during the GMW.

JAPAN GMW national coordinator: Bank of Japan Participating organisations: Central Council for Financial Services Information, Financial Services Agency of Japan, Osaka Council for Financial Services Information, Kinki Finance Bureau, Nikkei, Inc., Buntetsu Museum of Bank Notes and Coins, Japanese Bankers Association, Japan Security Dealers’ Association, Consumer Center of Osaka Prefecture, Japan Security Dealers’ Association of Osaka, Osaka Exchange, Inc., Life Insurance Association of Osaka Prefecture, Japan Institute of Life Insurance, The Osaka Private Schools Information Education Association Total number of participating organisations: 15 Number of children and young people reached directly: 241 Number of adults reached directly: 241 Number of people reached indirectly: 6,335,853 In Japan, governmental institutions, industry association, non-profit organisations, and the media collaborated to encourage the participation of youth, teachers, and adults in the Global Money Week Campain 2021. Many activities were held digitally, especially through SNS and media, and thus resulted in receiving the attention of more than 6,400,000 people through the week.

Did you know? The financial authorities in Japan collaborated with Nikkei.inc., the largest economic newspaper company in Japan, to engage people online on the themes related to financial matters.

JORDAN GMW national coordinator: Central Bank of Jordan Participating organisations: Al Hussein Fund for Excellence, 10 banks Total number of participating organisations: 12 Number of children and young people reached directly: 100 Number of adults reached directly: 23 Number of people reached indirectly: 8,200 During GMW 2021, the Central Bank of Jordan published a video on financial education in English and Arabic for children through their Facebook page, reaching a total of 5,600 viewers. Furthermore, together with Al Hussein Fund for Excellence and several banks a drawing competition for young kids was organised. The chosen themes for the drawings covered saving, managing expenses, and e-payments. Over 100 children in the ages of 6-10 and 11-16 years old took part. All drawings were published through the Fund’s Facebook page. The winners of the drawing competition were announced on April 27th during the Arab Financial Inclusion Day. Financial Awards provided by the CBJ were granted for top four participants of each age group, while other participants received different prizes. Two simple board games were also prepared by the CBJ. One of them was a “snakes and ladders” game for kids from first to sixth grades, aiming to raise their awareness on good and bad financial behaviours; a second game was a crosswords game targeting kids from seventh to tenth grades, which was also used to assess their knowledge of basic financial concepts.

KENYA Participating organisations: Inuka Direct, Hesabu Dada Initiative, Making A difference Sisters, Pesa Savvy, Vijana Tupo Initiative, Zed The Financialist, Emerging Leaders Foundation Total number of participating organisations: 10 Number of children and young people reached directly: 1,200 Number of adults reached directly: 1,100 Number of people reached indirectly: 2,045 To celebrate Global Money Week 2021, Inuka Direct published three audio recordings on health, environment, crime and their relationship with money in regards to the socio-economic, cultural and political dynamics. These recordings were published on Inuka Direct’s social media platforms including Instagram, Facebook, Twitter and LinkedIn. Hesabu Dada along with partners reached over 5,000 children and youth through several digital activities on Instagram live, podcasts, and zoom sessions.

KOREA GMW national coordinator: Korea Institute of Finance Participating organisations: SeongAm elementary school, BongGok elementary school, Finance and Happiness Network, Incheon University, Korea Economics Education Association, Korea Economic Association’s Economics Education Council, Korea Financial Education Council, Financial Education Council for Children and Youth, Senior Financial Education Council, Korea Institute of Finance Total number of participating organisations: 10 Number of children and young people reached directly: 70 Number of adults reached directly: 20 Number of people reached indirectly: 90 Throughout Global Money Week 2021, two elementary schools, one university, three NGOs, and academic association reached almost 100 children and youth through online and offline activities such as lectures and conferencing. During GMW 2021, financial literacy awareness sessions were offered to children, youth and adults, mostly through digital means. This included sessions for better financial habits and decision makings, anti-financial frauds, understanding financial life-cycles. High-level discussions, seminars, and other educational sessions were organised by economics and financial education associations. Furthermore, university students had the opportunity to participate in online in-depth discussions about financial products, trades, risks and frauds in financial markets.

KOSOVO GMW national coordinator: Central Bank of the Republic of Kosovo Participating organisations: Ministry of Education, Science, Technology and Innovation; Kosovo Banking Association, Banka Ekonomike, Banka Kombëtare Tregtare, Banka për Biznes, Credins Bank, IsBank, NLB Bank, ProCredit Bank, Raiffeisen Bank, TEB Bank, Ziraat Bank, 10 schools, European School of Kosova, JCoders Academy, International Finance Corporation, and AAB University Total number of participating organisations: 27 Number of children and young people reached directly: 12,902 Number of adults reached directly: 300 Number of people reached indirectly: 843,000 During Global Money Week 2021, the Central Bank of the Republic of Kosovo (CBK), jointly with Kosovo Bankers Association (KBA), and other governmental and financial institutions reached 843,000 children and youth through numerous direct and indirect activities. Throughout GMW 2021, different events took place and aimed to increase financial literacy awareness, especially among children and young people in the country. As part of the programme, the CBK organised an essay competition for high school students, with the motto: “Take care of yourself, take care of your money.” The launch event of GMW 2021 took place at the Central Bank with an online forum organised by the Kosovo Bankers Association. The Week’s kick-off celebrations were attended by children from primary schools. During the opening event, the Governor of the CBK discussed the role of financial system in Kosovo. Children had the opportunity to meet with the Governor and were able to ask questions regarding the financial system in the country. Students from the AAB University took part in a lecture given by the Governor of the CBK. The event was held at the AAB University and broadcasted online. In addition, the Governor participated in the morning programme at the main public TV (RTK) where he shared details about GMW and financial education activities by the CBK. A Forum was organised by the KBA on the topic: “The importance of financial education at a national level and the role of government institutions.” During the Week, many financial education materials were published on the CBK financial education platform and social media, such as on Facebook, Instagram, YouTube, and others. Moreover, the Kosovo Banking Association organised financial literacy awareness events and activities to target children, youth, and adults across Kosovo. KBA launched the campaign with an online forum called “The Importance of Financial Education for Youth in Kosovo – GMW 2021.” The panel consisted of representatives from the Central Bank of the Republic of Kosovo, IFC, Raiffeisen Bank, NLB Bank and Jcoders Academy. In the closing of GMW 2021, the Kosovo Banking Association held an award ceremony to announce the winners of the essay competition. Top three winners were awarded with monetary prizes, but all winners received a certificate and a gift package with various educational materials.

KYRGYZSTAN GMW national coordinator: The National Bank of the Kyrgyz Republic Participating organisations: Aiyl Bank, Association of Microfinance Organisations, Association of Trainers and Consultants, Bai Tushum Bank, Bailyk Finance Microfinance company, Bakai Bank, Bank of Asia, Company “Guarantee Fund”, Dos-Kredobank, Demir bank, Eurasian Savings Bank, Educational initiatives Foundation, Finance company Senti, FINCA Bank, Halyk Bank Kyrgyzstan, Interbank Processing Center, International Labour Organisation, International Finance Corporation, Capital Bank https, Keremet Bank, Kompanion Bank, Kyrgyz Investment and Credit Bank, Kyrgyz Stock Exchange, Ministry of Education and Science of the Kyrgyz Republic Ministry of Finance of the Kyrgyz Republic, Ministry of Economy and Finance of the Kyrgyz Republic, Ministry of Culture, Information, Sports and Youth Policy, National Bank of the Kyrgyz Republic, Optima Bank, OXUS Microfinance company, RSK Bank, The German Sparkassenstiftung for International Cooperation, State Tax Service under the Government of the Kyrgyz Republic, Union of Banks of Kyrgyzstan Total number of participating organisations: 33 Number of children and young people reached directly: 31,500 Number of adults reached directly: 6,000 Number of people reached indirectly: 1,148,000 Throughout Global Money Week 2021, the National Bank of the Kyrgyz Republic, together with partners, reached over 31,000 children and youth through events such as drawing contests on the topic “Our family budget”, “The most creative piggy bank”, which received over 1,000 works, a video contest for the topic “Learn. Save. Earn “, youth competition “Take care of yourself and your money”, children’s video competition on the topic of finance and savings, training for trainers on the topic “Financial literacy”, and others. A number of interviews were organised on radio, television, print media and online regarding Global Money Week, about the deposit protection system, what is financial literacy, and so much more. During Global Money Week, young people were able to take part in the numismatic exhibition “Numismatics for the Protection of the Fauna of the World” to get acquainted with a collection of coins consisting of 150 coins from 15 countries of the world with various images of representatives of the animal world. In addition, this year, university students had the opportunity to participate in online events such as the National Olympiad in Finance and Economics, online lectures and online quizzes on financial literacy. All activities were tagged with #GMWkyrgyzstan2021 on social media platforms.

Did you know? The National Bank of the Kyrgyz Republic organised a Financial Literacy Camp, with the objective of teaching schoolchildren the basics of financial literacy and security. Children could learn how they can start planning their future early, choosing a profession, learning to formulate financial goals and how to achieve them, deciding in what house to live in, and how to take care of their parents when they are old. During six days of the camp, schoolchildren acquire money management skills, learn how to draw up family budget, financial and business plans for future projects. This event was held for the first time for children of socially vulnerable groups.

LATVIA GMW national coordinator: Financial and Capital Market Commission Participating organisations: Rezekne Academy of Technologies, Turiba University, BA School of Business and Finance, Liepaja University, EKA University of Applied Sciences, Riga Technical University, Stockholm School of Economics in Riga, LatvijasBanka, Financial and Capital Market Commission, National Centre for Education, Consumer Rights Protection Centre, ALTUM, Ministry of Welfare, Finance Latvia Association, Latvian Insurers Association, NGO “All options”, Latvian Students’ Union, Global Shapers Riga “FinLit”, Financial Education Association, SEB Bank, Swedbank Latvia, Nasdaq Riga, Alphinox Quality Total number of participating organisations: 25 Number of children and young people reached directly: 1,115 Number of adults reached directly: 5,000 Number of people reached indirectly: 50,000 To celebrate Global Money Week 2021, the Financial and Capital Market Commission collaborated with 25 partner organisations to plan different events. About 1,115 children and youth were reached through several digital activities such as creative student contest, student podcasts, events and lectures about money and quizzes, while 66,000 people were reached through online activities during GMW 2021. As part of the Campaign, financial literacy awareness sessions were organised for children, youth, teachers and for adults, through digital means. High-level discussions, seminars, and other educational sessions were organised in cooperation with NGOs, universities, private and public sector institutions. Many GMW events were held with celebrities and experts. New and creative formats were used to address the audience through podcasts, discussions on ClubHouse, Facebook and other digital platforms.

Did you know? The Latvian Students’ Union participated in the GMW in Latvia for the first time by creating articles, financial saving challenges and podcasts. The Financial and Capital Market Commission conducted a survey of young people about their knowledge and skills in managing pension savings. An online discussion was organised afterwards with students about how they would like the State to invest their pensions and why they do not actively manage their pension.

LESOTHO GMW national coordinator: Central Bank of Lesotho Participating organisations: Standard Lesotho Bank, Nedbank, First National Bank, Lesotho Postbank, Alliance Insurance, Metropolitan, Lesotho, National Insurance Group, Liberty, Vodacom, Econet, LetShego, Ministry of Finance, FinMark Trust, Interchange Lesotho, Public Officers Defined Contribution Fund, Stanlib Total number of participating organisations: 15 Number of children and young people reached directly: 3,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 8,000 To celebrate Global Money Week 2021, the Central Bank of Lesotho together with partners organised virtual webinars on insurance, mobile money, banking and investments, microfinance, retirement and pension, impact of COVID-19. Over 3,000 children and youth took part in the Campaign.

LIBERIA Participating organisations: AIESEC, ECWAS radio, International Bank of Liberia Total number of participating organisations: 3 Number of children and young people reached directly: 700 Number of adults reached directly: 200 Number of people reached indirectly: 4,000 GMW 2021 was celebrated by AIESEC in Liberia in partnership with the International Bank of Liberia and ECOWAS radio. Over 4000 children and youth were reached through several digital activities, high school finance lectures, online youth webinar, radio talk show, essay competition, online polls and more.

LIBYA GMW national coordinator: Ministry of Education Participating organisations: Central Bank of Libya, the Ministry of Finance, the Ministry of Economy, State Audit Institution, online service companies, banks, civil society organisations, universities, and other institutions Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported This year’s edition of Global Money Week was organised through virtual means to avoid large gatherings according to COVID-19 rules. The Ministry of Education collaborated with the Central Bank of Libya, the Ministry of Finance, the Ministry of Economy, State Audit Institution, online service companies, banks, civil society organisations, universities, and other institutions to plan different events. For example, educational institutions held many workshops during the national launch day.

LUXEMBOURG Participating organisations: ABBL Foundation for Financial Education, ABBL members, the Ministry of Education, the Ministry of Consumer Protection, the Chamber of Commerce, ING Luxembourg Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported Each year, the Money Week – Woch vun de Suen is organised in Luxembourg. Similarly to Global Money Week, it aims to teach children about money matters and responsible money management. Understanding the value of money, teaching them to manage money better and thus raise awareness of the importance of budget control for their future are the priorities of this project. The first training programme of 2021 dedicated to financial vulnerable people, the Zuumer Academy was launched during the Week. The Academy consists of different modules of 1.5 hours each, held over 10 days on topics such as savings, payments, budget management, understanding risk, and other. These have been specifically created to help the students to manage their personal finances with confidence and to understand their relationship with their bank. In addition, Luxembourg took part in the European Money Quiz and launched an awareness campaign on banking and digitalisation for elderly people. The Week was led by the ABBL Foundation for Financial Education in collaboration with ABBL members, the Ministry of Education, the Ministry of Consumer Protection, the Chamber of Commerce, and others. ING Luxembourg focused on teachers’ training on money matters.

100

MADAGASCAR GMW national coordinator: Committee Nationale de la Finance Inclusive (CNFI) Participating organisations: Ministry of Economy and Finance, Ministry of Youth and Sports, Ministry of National Education, Ministry of Higher Education and Scientific Research, Ministry of Technical Education and Vocational Training, Ministry of Public Health, Ministry of Industry, Trade and Handicrafts, Central Bank of Madagascar, Aflatoun International, BNI Madagascar / KRED, NextA, Economic Development Board of Madagascar (EDBM), CODE H Montreal, SONAPAR, TANOMAFY Project / SAF-FJKM Total number of participating organisations: 15 Number of children and young people reached directly: 3,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 15,000 In Madagascar, the official launch of GMW 2021 was held on Monday, March 22nd. The ceremony was attended by official guests and live broadcasted via videoconferencing platforms. During the week financial, educational, social and entrepreneurial events were carried out online and offline. Many conferences, training sessions for trainers in financial and entrepreneurial education were organised in February and during the week in March. Madagascar continues with similar activities after GMW.

101

MALAYSIA GMW national coordinator: Financial Education Network Participating organisations: Central Bank of Malaysia, Securities Commission Malaysia, Credit Counselling and Debt Management Agency, Employees Provident Fund, Ministry of Education, Ministry of Higher Education, Malaysia Deposit Insurance Corporation, Permodalan Nasional Berhad, Arus Academy and FWD Takaful, RinggitPlus, Prudential Assurance Malaysia Berhad, HSBC Bank Malaysia Berhad, Alliance Bank Malaysia Berhad, Financial Industry Collective Outreach, Visa International, National Higher Education Fund Corporation, Malaysian Financial Planning Council, 42 higher learning institutions, 242 schools, World Assembly of Youth, all WAY members, national and regional youth councils; UOB Kay Hian Wealth Advisors, Smart Investor, Majalah Labur, RHB Asset Management, Maybank Asset Management, Management and Science University (MSU), Financial Planning Association of Malaysia, AKPK, UOB Kay Hian Securities S/B, University Kebangsaan Malaysia (UKM); Griffith University, Australia; Manulife Insurance Bhd, Great Eastern Takaful Bhd. Total number of participating organisations: 453 Number of children and young people reached directly: 20,969 Number of adults reached directly: 402,238 Number of people reached indirectly: 4,000,100 Throughout Global Money Week 2021, the Financial Education Network (FEN) members and partners conducted 69 initiatives mainly on digital platforms, complemented by traditional medium (i.e. TV). The total number of interactions achieved was about 3.5 million. The key projects included financial education talks, financial literacy quizzes, financial literacy video competition, edutainment videos, financial literacy lessons demo for teachers, social media postings to raise awareness on financial literacy, launch of financial literacy game and media articles. The main target segments during GMW 2021 include school children, teachers, parents, university students and adults. Creative activities were used to raise awareness on good money management. For example, MyDuitStory Short Video Competition, a collective initiative by FEN. The Central Bank of Malaysia, Ministry of Higher Education, Credit Counselling and Debt Management Agency, National Film Development Corporation Malaysia and Financial Planning Association of Malaysia came together to raise awareness on the importance 102

of personal financial management and to inculcate good financial behaviour among the youth. This competition attracted 180 video entries by students from 39 universities. The inspiring stories depicted in the videos motivate many others to take control of their finances. Moreover, the Securities Commission Malaysia and its partners educated the public on the importance of savings and investing at an earlier stage of their life, via a webinar and a series of daily postings on InvestSmart® social media platforms throughout GMW 2021. The webinar attracted great interest and active participation from the attendees. Besides, Arus Academy, a social enterprise supported by FWD Takaful conducted initiatives focusing on enhancing financial literacy of children, youth, teachers and parents. The lessons demonstration via a series of videos to guide teachers to deliver financial literacy to students covered topics such as Money & Expenses, Financial Scam, Savings & Investments, Credit & Loan, and Risk, Protection & Insurance. Other initiatives include a mobile app development competition targeting secondary school students involving risk protection needs and basic financial concepts, campaign to encourage parents to share tips on raising financially-smart families; and financial literacy quizzes following 6 edutainment videos hosted by a 10-year old. Financial sector players and partners actively raised awareness and implemented targeted programmes during GMW. Some conducted signature financial literacy programmes to educate children and youth on smart financial habits (e.g. Prudential Assurance Malaysia Berhad and Alliance Bank Malaysia Berhad). Whilst others post relevant FE content on the digital medium and social media (e.g. the Central Bank of Malaysia’s Museum and Art Gallery, HSBC Bank Malaysia Berhad and RinggitPlus). The World Assembly of Youth helped to distribute Global Money Week news and updates through online awareness campaigns. During the Global Money Week 2021 celebrations, UOB Kay Hian Wealth Advisors brought together various academia, industry experts, and undergraduate students to raise awareness on the importance of financial literacy of young people and to ensure that all youth have access to high-quality financial exposure and can make smart financial decisions that can improve their future financial resilience and financial wellbeing. These sessions included “Managing personal finances during COVID-19” by Financial Planning Associations of Malaysia, and UOB Kay Hian Wealth Advisors Sdn Bhd, “4 myths of protection need” by UOB Kay Hian Wealth Advisors Sdn Bhd, Manulife Insurance Berhad and Great Eastern Takaful Bhd. Other topics included “Coronavirus: impact on household savings and debt” by Household Financial Education Department AKPK and UOB Kay Hian Securities (M) Sdn Bhd, followed by session on “Economic direction and investment portfolio 2021” by Maybank Islamic Asset Management, UOB Kay Hian Wealth Advisors Sdn Bhd, RHB Islamic Int. Asset Management Berhad and Majalah Labur. Also, “COVID-19: financial planning requirements” by University Kebangsaan Malaysia, UOB Kay Hian Wealth Advisors Sdn Bhd and Majalah Labur were presented. A public lecture on “COVID-19: fiscal response - risk and repercussions” by Griffith University, Australia was presented, too.

103

MALDIVES GMW national coordinator: Maldives Monetary Authority Participating organisations: Ministry of education, Maldives pension administration office, Capital market development authority, Bank of Maldives, Allied insurance company of the Maldives Total number of participating organisations: 6 Number of children and young people reached directly: 90 Number of adults reached directly: 20 Number of people reached indirectly: Not reported For this year’s Global Money Week, the Maldives Monetary Authority (MMA) along with partner institutions organised a series of webinars targeting higher secondary school students. Students learnt about money matters and got inspired to save for their futures. Similarly to previous years, an assembly speech by the Ministry of Education was sent to all schools in the Maldives. This speech highlighted the importance of saving, understanding the difference between needs and wants, as well as why financial education matters.

104

MALI GMW national coordinator: Ministry of Employment and professional training, Ministry of Education, MEF -MCIPI -BCEAO Participating organisations: Aflateen, Profil Mali, Cabinet, technical services, Partenaires, and others Total number of participating organisations: 200 Number of children and young people reached directly: 607 Number of adults reached directly: 75 Number of people reached indirectly: 1,500 Student clubs were for the first time involved in the Global Money Week Campaign. Aflateen organised sessions for youth in Bamako. Most events and activities were held digitally taking into consideration the COVID-19 measures.

105

MALTA GMW national coordinator: Home Economics Seminar Centre (HESC) Participating organisations: Malta Bankers’ Association (MBA), ĠEMMA, JAYE Malta Foundation, Central Bank of Malta, Malta Insurance Association Total number of participating organisations: 6 Number of children and young people reached directly: 122 Number of adults reached directly: 75 Number of people reached indirectly: 39,800 The Home Economics Seminar Centre (HESC) collaborated within the Directorate for Learning and Assessment Programmes with the Malta Bankers’ Association (MBA) supported by JAYE Malta Foundation and ĠEMMA. To celebrate GMW 2021, several initiatives were organised to promote awareness about financial education and inclusion. The Week was launch through an online event coordinated by the HESC in collaboration with the MBA. The audience was addressed by the Minister of Education. The programme of the Week was then introduced, and the announcement of winners of the GMW Financial Literacy Challenge. The HESC teamed up with the MBA and coordinated the European Money Quiz by the European Banking Federation for youth between the ages of 13-15 in Malta. As of each year, a circular was sent to all schools in Malta to encourage participation. The Financial Literacy Challenge was organised for primary, middle and senior schools. In primary schools, the challenge aimed to promote awareness related to financial capabilities. The young participants created a healthy low-cost food item with emphasis on at least one of the following areas: seasonality, sustainability, local and traditional food. For the middle and senior schools, through crosscurricular subjects, students were encouraged to create an original item/product promoting budgeting and highlighting the importance of saving for future needs. The Department for Learning and Assessment Programmes issued circulars for all schools in Malta to inform parents and students about these competitions. As part of the GMW programme, a teacher training webinar was held for Home Economics teachers or other teachers, with the objectives of upskilling with regards to cybersecurity and non-banking products. 106

The “Be Wise Pay Smart – Be Wise Pay Smart” programme targeted year 9 to year 11 students, following the Core Curriculum Programme (CCP) and the Prince’s Trust International Achieve Programme Malta – Money Managing Unit. The programme explored the use of the ATM and different methods of payments. The students had an opportunity to discuss ways of how to be a smart consumer through educational video clips. HESC staff and MBA bank members facilitated the programme. The “Europe My Business” programme was facilitated by JAYE volunteers and targeted year 8 to year 9 students. This programme explored the relationship between the natural, human and capital resources found in different countries. It explored European business and trade, which produce goods and services for consumers.

MAURITIUS Participating organisations: Junior Achievement Mascareignes Total number of participating organisations: Not reported Number of children and young people reached directly: 17 Number of adults reached directly: Not reported Number of people reached indirectly: 100 The planning of GMW 2021 in Mauritius was affected by the country going into lockdown just a few weeks before the event as a result of the second wave of COVID-19. JA Mascareignes focused therefore on online activities, posting “Financial tip of the day” on each day of Global Money Week. A Financial Literacy Crossword was set up to enable young people to understand key financial terms through a game.

107

MEXICO GMW national coordinator: Museo Interactivo de Economía (MIDE) Participating organisations: Banco de México, BANXICO, MIDE, Banco del Bienestar, CETES Directo, CNSF, CONDUSEF, CONSAR, FONACOT, IPAB, NAFIN, AMIG, AMSOFIPO, AMIB, Constructing Opportunities for Solid Livelihoods, SOLLIV, Escuela Bolsa Mexicana, Grupo BMV, Escuela Superior de Economía, IPN, Facultad de Contaduría y Administración, UNAM, Instituto BIVA, Actinver, Afortunada Mente, Ahorra que puedes, Banco Azteca, Bank of America, Business Kids, CitiBanamex, Inverkids, Kidzania, Provident, Santander FinFormado, Hablemos de dinero, Cooltura Financiera, Diván Financiero, Terapia Financiera, Pequeño Cerdo Capitalista, Centro Universitario de la Costa Sur Total number of participating organisations: 35 Number of children and young people reached directly: 466,211 Number of adults reached directly: 274,311 Number of people reached indirectly: 44,220 During GMW 2021, the Museo Interactivo de Economía (MIDE), in coordination with 34 financial education partners, proposed 267 activities and educational resources that reached 739,622 children, youth, young entrepreneurs, parents, teachers, and educational authorities, among others. MIDE presented talks for young people addressing the importance of pension savings and the responsible use of credit, interactive digital workshops for children to develop planning skills and the use of tools to organise money. Throughout the week, Banco de México presented a podcast aimed at children on the different roles of money, as well as consumption, savings, loans and interest concepts. It also carried out activities for teenagers emphasising how each individual participates, through his or her decisions, in a complex economic system. Educational institutions such as the Facultad de Contaduría y Administración, the Escuela Superior de Economía of IPN, the Instituto BIVA and the Escuela de la Bolsa Mexicana organised conferences, contests and simulators to increase the awareness of youth on issues related to investment, the stock market, cryptocurrencies, the importance of insurance and a culture of foresight, and the benefits of financial planning since childhood. From the governmental sphere, the Banco del Bienestar, the Comisión Nacional de Seguros y Fianzas, the CONDUSEF, the CONSAR, Nacional Financiera, the Instituto FONACOT and the Instituto para la Protección al Ahorro Bancario, provided resources for children and teenagers focusing on the importance of planning, the use of money and how entrepreneurial projects can be developed. Videos were produced and contests organised in order to explain in a simple and practical way about the different tools that protect people’s finances, such as insurance, virtual sessions to discover the benefits that credit offers to achieve goals, conferences to motivate savings, foster formal savings, prioritise the needs and not leave retirement savings in neglect. The Asociación Mexicana de Instituciones Bursátiles, the Asociación Mexicana de Instituciones de Garantías, the Asociación Mexicana de Sociedades Financieras Populares and SOLLIV Constructing Opportunities for Solid Livelihoods gave talks for young people and teachers who wished to learn about investment instruments that can enhance their entrepreneurial projects. From the private sector, Actinver, Banco Azteca, Santander, Bank of America, CitiBanamex and Provident organised activities and workshops for young people to discover the benefits of investment, strategies to get out of debt, plays and stand-ups so that children and teenagers could identify strategies to take care of their money and recognise the importance of repayment and the responsible use of credit. Courses on basic concepts such as saving, investing and budgeting were also organised. Organisations specialised in financial education for children such as Inverkids, Business kids, AfortundaMente, Kidzania and Ahorra que puedes imparted workshops on social networks and educational resources aimed at providing children and their teachers with materials to address

108

the money cycle, to create entrepreneurship projects, set SMART savings goals and reinforce the steps that will motivate them to take care of their money. Influencers took to social networks and created stories on Instagram, tweets on Twitter, content on Facebook, vlogs, talks and conferences to help the youth with some problems they may have related to their finances and how they can cope with them. During GMW 2021 Centro Universitario de la Costa Sur promoted Webinar “Mercados Financieros” in the community at the university.

MOLDOVA GMW national coordinator: National Bank of Moldova (NBM) Participating organisations: National Commission for Financial Markets, Ministry of Finance, FINEDU, Mobiasbanca – OTP Group, Banca Comerciala Romana Chisinau, ENERGBANK, Banca de Finante si Comert, EXIMBANK, “OK” Foundation for Financial Education, National Commission for Financial Markets, NBCO “Microinvest”, NBCO “Sebo Credit”, IC “Grawe Carat”, IB “MGP Broker”, IC “Moldcargo”, NBCO “Prime Capital”, Moldova Stock Exchange, NBCO “Aventus Finance”, “Corporatia de finantare rurala”, Ministry of Finance, State Tax Service, Customs Service, Center of Information Technology in Finance, FINEDU, Academy of Economic Studies of Moldova, American Chamber of Commerce in Moldova, Lyceum “Aristotel”, “Principesa Natalia Dadiani” High School, Economic Press Club, Independent Analytical Center “Expert-Grup” Total number of participating organisations: 32 Number of children and young people reached directly: 6,409 Number of adults reached directly: 10,204 Number of people reached indirectly: 39,387 The National Bank of Moldova (NBM) carried out public information and awareness campaign for GMW 2021. This was executed via digital products such as video graphics, video guides, podcasts and seminars, specifically designed for students, but also for teachers, businesses, and the general public. The topics included safe use of the payment card, starting an online business, what to look for when taking a loan, from savings to investments, importance of monetary policy decisions etc. The Moldova Banking Hub, a financial education platform for students and teachers was launched with an intention to provide opportunities to discuss with central bank experts on financial and banking topics. Activities were organised in partnership with the Economic Press Club that focuses on giving training courses for students of the Faculty of Journalism and Communication. The “Expert-Grup” think-tank organised training workshops. NBM organised virtual visits to its exhibition hall, and a virtual coin exhibition of the National Museum of History. In order to promote financial education in most remote corners of Moldova, NBM and Expert-Grup trained several students, who conducted online lessons for their peers, in their hometowns, on the topic “Give sense to money.” Ambassadors of financial education were selected in a public competition organised last year. NBM ended the GMW activities with an official digital closing event, on March 29th, and announced the launch of the information and awareness campaign “Financial education – a personal, social and economic benefit” which lasts a whole year. Learn more here. One bank published articles on its Facebook page and answered questions from young people in the comments. Another bank organised a webinar, published on social networks information on management of income and expenses, and saving tips in the form of stories and posts. One of the banks reached young people through the webinar “Learn! Give Sense to Money.” ”OK” Foundation for Financial Education, along with partners reached 251 children and youth through several digital activities (trainings, contests, challenges). Financial literacy awareness sessions were offered to children, youth and adults, mostly through digital means. University students had the opportunity to participate in an online financial education marathon. FINEDU and its partner organisations offered online financial literacy awareness sessions for children, youth, and for adults. The Ministry of Finance launched a national campaign on financial education “Public budget is your budget” followed by a series of recurrent activities during 2021. Activities included sessions on Public Finance Club – one of most popular activity, Discussion Economic Club – CDE ASEM, DigiFin Lab – an activity focusing on increasing digital finance literacy. Other activities were webinars on the budget and Public Finance Talks, mini tournament debate on popular motions, ranging from customs to ecology. Those activities reached 13,100 people from 11 out of 35 regions in Moldova. The FINTRIVIA quiz was addressed to students and adults from Moldova and other eight US and EU countries, focusing on facts and curiosities about finance and on increasing general financial literacy in an online TV-show format on YouTube, the first covered subject being “Formal and informal financial education.”

109

110

MONGOLIA GMW national coordinator: Bank of Mongolia Participating organisations: Ministry of Education, Authority for Family, Child and Youth Development, Lifelong centre under the Ministry of Education and Science, Mongolian Banking Association, Women’s federation of Mongolia, Deposit insurance corporation, Sparkassenstiftung Mongolia, 17 Central bank branches, 10 Media Organisations, 111 Schools, 17 Vocational Training Centers, 2 NGOs, 21 Universities, 11 Commercials Banks, 2 mobile network operator etc. Total number of participating organisations: 181 Number of children and young people reached directly: 16,952 Number of adults reached directly: 8,562 Number of people reached indirectly: 45,000 Throughout Global Money Week 2021, the Bank of Mongolia, together with partners, reached over 16,900 children and youth, through virtual trainings and different events in schools and universities. During the Campaign, financial literacy awareness virtual sessions were offered to children, youth and adults on the following subjects: “Money management”, “Personal finance and household budget”, “Costs and Saving”, and “Electronic money.” Additionally, the TikTok song and drawing contest on “Saving is easy” for children was organised among other events planned. In Mongolia, events and activities focused on the official GMW slogan “Learn.Save.Earn” as well as the GMW 2021 theme “Take care of yourself, take care of your money.” With the support of partner organisations, children had an opportunity to plan an interactive “Savings Game.” Along with the Central Bank branches, the provincial government organised several events to promote Global Money Week, including the “Nauryz” festival. The spread of COVID-19 limited many activities that have been carried out in previous years, however many stakeholders found ways to hold virtual events where possible. Partners and supporters joined the campaign on their social platforms using the #GlobalMoneyWeek2021 hashtag. During the opening of GMW 2021, two high-level online conferences took place. Namely, “Launch of Global Money Week 2021 in Mongolia” and “Conference on the Financial Literacy Strategy for MSMEs.” Furthermore, at the end of the event, Mongolia received a financial literacy bus, along with many training types of equipment, from the international organisation, which was extremely useful in providing financial education training in rural areas and remote locations.

Did you know? Bank of Mongolia used TikTok to reach young people during the GMW, since most young people in Mongolia are currently active on TikTok. Two leading mobile network operators of Mongolia supported GMW by sending messages and reminders about savings to all their clients aged between 15-40 years old.

111

MONTENEGRO GMW national coordinator: Central Bank of Montenegro Participating organisations: All primary and secondary schools in Montenegro - total 224 schools Total number of participating organisations: 230 Number of children and young people reached directly: 100,000 Number of adults reached directly: 50,000 Number of people reached indirectly: 150,000 The Central Bank of Montenegro celebrated the Global Money Week, from 22 to 28 March 2021, for the ninth time, with numerous activities aimed at raising the levels of financial literacy of children and youth in the country. Given the ongoing COVID-19 pandemic, the Central Bank focused on online activities. In line with this year’s global theme “Take care of yourself, take care of your money”, the Central Bank prepared and delivered to pupils of all primary and secondary schools in Montenegro video material on the use of electronic banking services and payment cards, which can help you stay healthy and save money. However, since a large part of society still uses cash payments, the students also received a video presentation on recognizing counterfeit money. As part of the “Global Money Week”, the Governor of the Central Bank of Montenegro (CBCG), Mr Radoje Žugić, held a lecture on “The importance of the banking system’s sustainability during the pandemic” for pupils of three Montenegrin high schools. The online lecture attendees were the pupils of the Secondary School of Economics “Mirko Vešović” from Podgorica, the Secondary Vocational School from Pljevlja, and the Secondary Mixed School “Bratstvo jedinstvo” from Ulcinj. GMW events were covered by major national press channels, media and TV, such as Radio and Television of Montenegro (RTCG), Nova M, TV Vijesti and TV Prva. Interesting and comprehensive TV reports on GMW were broadcasted during the Week. In addition, in cooperation with the National Radio Television of Montenegro, the Central Bank’s representatives had several interviews in the morning programmes explaining the importance of financial education for children and youth. On March 23rd 2021, the Central Bank of Montenegro issued a press release on Global Money week activities and the importance of acquiring knowledge and skills in money management.

MOROCCO GMW national coordinator: Fondation Marocaine pour l’Education financière / Moroccan Foundation for Financial Education Participating organisations: The Ministry of National Education, Vocational Training, Higher Education and Scientific Research; The Ministry of Tourism, Air Transport, Handicrafts and Social Economy; The Ministry of Agriculture, Fisheries, Rural Development, Water and Forests; The Office for Vocational Training and Work Promotion; The Central Bank of Morocco; The Moroccan Capital Market Authority; The Supervisory Authority of Insurance and Social Welfare; The Professional Association of Moroccan Banks; The Moroccan Federation of Insurance and Reinsurance Companies; The National Federation of Microcredit Associations; The Casablanca Stock Exchange Total number of participating organisations: 4,007 Number of children and young people reached directly: 5,620,000 Number of adults reached directly: 1,610,000 Number of people reached indirectly: 7,000,000 In Morocco, GMW 2021 took place from 22 March to 9 April in order to reach a wide audience considering the circumstances of the pandemic. The Moroccan Foundation for Financial Education, national coordinator of GMW, encouraged partners to adopt programmes that prioritise digital and distance learning activities while maintaining face-to-face activities when conditions permitted. These activities included information sessions in classrooms based on digital pedagogical resources for primary, middle and high school students; sessions for vocational training students; young micro-entrepreneurs and entrepreneurs; webinars for colleges and university students on the following topics “Monetary Policy”, “Capital Markets”, and “Insurance and Social Security.” Over 230,000 people were reached through these initiatives. Other GMW activities included a piggy bank competition organised by Al Barid Bank on social networks that invited children, accompanied by an adult, to design a piggy bank. Three winners were selected. A video on savings for children by Crédit du Maroc and two videos on digital banking and the functioning of a bank branch by Attijariwafa Bank were organised. A digital “Finance Quiz” competition for students was held by the Moroccan Capital Market Authority. Several educational materials (comics, dedicated video clips, guides ...) were published by financial market regulators, such as Bank Al-Maghrib, the Insurance and Social Security Supervisory Authority and the Moroccan Capital Market Authority to promote their respective missions and explain several financial concepts in a ludic way. 112

The FMEF also conducted a special campaign on social networks during the whole period of the event and received 5.8 million impressions and 460,000 interactions. A specific editorial plan was defined including quizzes, challenges on the theme of savings, a special “Savings for young people” video, stories, reports and testimonies and several other activities. At the end of the campaign, the Foundation published a savings guide, which includes the publications on savings disseminated on this occasion. A young social network influencer was also part of the Foundation’s digital campaign, she discussed throughout the campaign saving and its importance at a young age by inviting young people to share their tips and stories related to saving and achieving their financial goals. At the same time, GMW attracted significant media coverage through the Foundation’s participation in numerous radio broadcasts and the publication of several press articles.

NEPAL GMW national coordinator: Nepal Rastra Bank Participating organisations: National Banking Institute, Nepal Stock Exchange Total number of participating organisations: 3 Number of children and young people reached directly: 5,220 Number of adults reached directly: 5,220 Number of people reached indirectly: 20,000 Throughout Global Money Week 2021, the Nepal Rastra Bank along with partners reached more than 20,000 children, youth and adults through several activities such as Nepal Rastra Bank with students, TV talk show, students visits to Nepal Stock Exchange, opening bell ceremonies at Nepal Stock Exchange. During GMW 2021, financial literacy awareness sessions were offered for children, youth and for adults, mostly through in person and digital means. This included sessions for school and college students as well as women. High-level discussions, seminars, and other educational sessions were organised by Nepal Rastra Bank. Throughout the Week, young people were able to engage with the Bank by opening bank accounts, opening DMAT accounts for share transaction and through essay writing competition.

113

THE NETHERLANDS GMW national coordinator: MoneyWise Participating organisations: Dutch Ministry of Finance, Dutch Banking Association, Dutch Central Bank, Federation of Dutch Pension Funds, Dutch Association of Insurers, National Institute for Family Finance Information, Netherlands Authority for the Financial Markets, 36 municipalities and many other partners Total number of participating organisations: 200 Number of children and young people reached directly: 500,000 Number of adults reached directly: Not reported Number of people reached indirectly: 15,000,000 During Global Money Week 2021, the Dutch Platform Money Wise along with partners reached 500,000 children and youth through several digital activities as well as their online Studio. As part of the programme, financial literacy awareness sessions were offered to children and youth, mostly through digital means. These included various livestream programmes in a talk show setting, online lectures by financial experts, but also printed materials for classroom sessions. High-level educational talk shows were organised for various target audiences with the partners. Throughout the Week, until the summer, primary schools are able to request an online lecture by a financial expert. Furthermore, this year the Dutch Platform Money Wise celebrated the 10th edition of the Dutch Money Week with a special edition of Dagobert Duck for primary schools.

114

115

NIGERIA GMW national coordinator: Central Bank of Nigeria Participating organisations: Nigeria Stock Exchange Limited, Lapo Microfinance Bank, Access Bank, Coronation Merchant Bank, Ecobank, FBN Quest, First City Monument Bank, Fidelity Bank, First Securities Discount House, Globus Bank, Guaranty Trust Bank, Heritage Bank, Jaiz Bank, Keystone Bank, Nova Merchant Bank, Polaris Bank, Rand Merchant Bank, Stanbic IBTC, Standard Chartered Bank, Sterling Bank, Suntrust Bank, Titan Trust Bank, Union Bank, Wema Bank, Zenith Bank, Shared -Agent Network Expansion Facilities, Junior Achievement Nigeria (JAN), Entrepreneurial Development Initiative (ENDIP), Afrothem Nigeria Limited; Budget Gift Centre Limited; Bradat Limited; The Rest Place, Church Of God Mission International; Rainsource Nigeria Limited; Okoro & Company W/A Limited; CGMI Group Of Schools, WOJI Total number of participating organisations: 46 Number of children and young people reached directly: 42,448 Number of adults reached directly: 40 Number of people reached indirectly: 35 The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee Sub-Committee on Financial Literacy Enlightenment (FLPE) and Junior Achievement of Nigeria (JAN) engaged a total of 37,567 secondary school students and youth across the country in Financial Literacy School Mentoring sessions as part of GMW 2021. These interactive digital and in-person lessons were facilitated by experts from financial institutions and aimed at promoting financial well-being. A virtual field trip to the CBN Currency Museum was organised during the Week while Doodle animation was used to teach financial literacy for the students across some states in Nigeria. Throughout the Week, youth between the ages of 18-35 were engaged through a social media challenge around the theme of GMW 2021 “Take care of yourself, take care of your money.” Numerous short videos and creative pictures were produced around the topic and shared online. A total number of 2,258 submitted entries were received. The top ten participants were selected based on the prescribed criteria and requirements. JAN developed the school mentoring curriculum, which was used by the Chief Executive Officers of banks to educate the secondary school students in line with the GMW slogan “Learn.Save.Earn”. JAN leveraged on various media platforms to launch financial literacy campaigns for children, youth and for adults on financial management and equip them with the skills required to make sound financial decisions. 29 financial institutions namely Access Bank, Coronation Merchant Bank, Ecobank, FBN Quest, First City Monument Bank, Fidelity Bank, First Securities Discount House, Globus Bank, Guaranty Trust Bank, Heritage Bank, Jaiz Bank, Keystone Bank, Nova Merchant Bank, Polaris Bank, Rand Merchant Bank, Stanbic IBTC, Standard Chartered Bank, Sterling Bank, Suntrust Bank, Titan Trust Bank, Union Bank, Wema Bank Zenith Bank and Shared - Agent Network Expansion Facilities participated in Financial Literacy Day School and Mentoring programme during Global Money Week. A total number of 449 schools were visited from which a total of 37,366 students comprised of 17,853 males and 19,513 females. During the exercise, students were taught on budgeting, saving and on how to be financially responsible. LAPO Micro finance Bank deployed a two-pronged communication approach to celebrate GMW 2021. The internal communication approach covered daily deployment of money management email nuggets to over 7,000 staff, opening of the GMW campaign on WhatsApp, creating branded and customised GMW T-Shirts and caps. Whereas, the external communication approach covered an in-person sensitisation campaign for secondary school students across six geopolitical zones, including the Federal Capital Territory. Daily deployment of money management, wealth creation and health tips through Lapo MFB digital and social media handles on Instagram, Facebook, Twitter and LinkedIn were shared. All these gathered 1,087,452 views. Webinars, sponsored online and offline newspaper publications all generated 79,000 views. A total number of 4,689 youth were reached across 21 secondary schools. The Nigerian Stock Exchange celebrated Global Money Week 2021 by holding a virtual financial literacy session on Zoom. The session was attended by the staff and students of International School Lekki. A total number of 82 students participated in the session. During Global Money Week 2021, the Entrepreneurial Development Initiative (ENDIP) along with partners reached 110 children and youth through several digital and in-person activities. In 2021, financial literacy awareness debates and sessions were offered for children, youth and for adults, mostly through digital means. Secondary schools students were engaged in these and other educational lessons. 116

NORTH MACEDONIA GMW national coordinator: FNational Bank of the Republic of North Macedonia Participating organisations: Coordinating Body on Financial Education and Financial Inclusion (National Bank, Ministry of Finance, Insurance Supervision Agency, MAPAS, Securities and Exchange Commision), Macedonian Banking Association, Commercial banks (Komercijalna banka, and TTK banka), Saving House FULM, Macedonian Credit Bureau, NGOs (Junior Achievement Macedonia, Global Shapers Skopje Hub, Romalitiko, IMOR) Total number of participating organisations: 14 Number of children and young people reached directly: 1,915 Number of adults reached directly: 270 Number of people reached indirectly: 319,475 In Morocco, GM To celebrate GMW 2021, the National Bank, the Ministry of Finance, MAPAS, Insurance Supervision Agency and Securities and Exchange Commission as part of the Coordinating Body for Financial Education and Financial Inclusion, planned many events and activities to raise awareness of financial literacy in North Macedonia. The main activities included online lectures that reached 1,915 students and 270 adults. All these five institutions taught basic financial terms and definitions in elementary, high schools and universities in more than 20 cities in the country. The Minister of Finance gave a lecture on the budget, its functions and execution in one of the universities. 150 participants were educated on various topics in the field of financial system and budget. Moreover, some institutions published animated educational videos, organised quizzes, held live session on social media, shared educational articles, and organised debates. The Securities and Exchange Commission prepared and published on their website a wide range of educational materials and animated videos relevant to the capital market as well about the basic concepts in the field of securities, investment and financial instruments. In addition, the National Bank shared an educational video on “Security Features on Macedonian Money” which was part of the series of “With the National Bank in the World of Finances.” They also participated in a radio programme, and published an article called “NonPerforming Loans – What they mean for the banking clients?” under the activity of “Economics for All.” The National Bank in cooperation with the Macedonian Banking Association and the Securities and Exchange Commission organised a pre-event on the European Money Quiz on a national level. The runners-up of the European Money Quiz in 2019 and 2020 shared their experience with the participants registered in the European Money Quiz for 2021. About 600 students from 72 elementary and high schools across the country participated in the European Money Quiz. In addition, the Macedonian Credit Bureau led Facebook live sessions on their channel. The goal was to educate their followers and other individuals about financial education. Komercijalna Banka and TTK Banka, as well as the Saving House FULM led e-classrooms and quizzes. Within the workshops, children from primary schools learnt about money topics through many activities. The aim was to increase and spread awareness of the importance of financial literacy of children and youth. Students from secondary schools actively engaged with inspiring and productive discussions about smart money management, importance of taking care of personal finances, how to manage their money wisely and how they can save money and realise their plans in the future. Furthermore, the students were given different quizzes about their financial knowledge, saving habits and money management skills. Online educational training from MAPAS was held in three faculties. The trainings covered a total of 263 students and 15 professors who actively participated and showed special interest in fully funded pension insurance. Global Shapers Skopje Hub through its project “Financial Literacy for Youth” actively engaged more than 90 students and young adults from diverse backgrounds and reached 2,800 young people through digital learning activities. The Junior Achievement Macedonia in cooperation with teachers, high schools and business volunteers, reached 162 young people through several online activities, such as two-week long JA Innovation Camp competition and training sessions with university and stock exchange representatives. All of the participating organisations were actively present on social media. 117

PANAMA GMW national coordinator: Superintendencia de Bancos, Fundación Alemana Participating organisations: Caja de Ahorros, Superintendencia de Mercado de Valores Total number of participating organisations: 4 Number of children and young people reached directly: 144 Number of adults reached directly: 503 Number of people reached indirectly: 657 The Superintendence of Banks of Panama with the support of the German Foundation Sparkassenstiftung International Kooperation, a savings bank and the Superintendence of the Securities Market organised various events to celebrate Global Money Week in 2021. Many activities were hold, including a drawing and video contest with the slogan “Learn, save and earn!” This was a great opportunity for children in the ages of 5-12 to share their creativity and imagination on the importance of saving. Additionally, together with the Savings Bank, the Superintendence of Banks of Panama carried out a virtual workshop called “Easy Finance for Children.” During this online event, young people and children learnt basic concepts of saving, the difference between need and wants. At the end, winners received prizes. Last, but not least, the Superintendence of Banks of Panama launched the children’s area on their website here.

PARAGUAY GMW national coordinator: National Securities Commission of Paraguay (Comision Nacional de Valores of Paraguay - CNV) Participating organisations: Ministerio de Hacienda, Fundación Capital, Itaú Invest, Bolsa de Valores y Productos de Asunción S.A., Regional Casa de Bolsa, Universidad Americana, World Wildlife Fund, United Nations Development Programme, Cámara Paraguaya de Fintech, Universidad Paraguayo-Alemana, Freie Universität Berlin, Frontclear, Fundación Paraguaya, Solventa S.A., Fundación Cámara de Comercio Paraguayo Americana- Fundación AMCHAM, Fundación Capital, Ministerio de la Niñez y la Adolescencia (MINNA) - Centro Pedagógico Ñemity Total number of participating organisations: 16 Number of children and young people reached directly: 1,856 Number of adults reached directly: 1,193 Number of people reached indirectly: 4,406 The Comisión Nacional de Valores of Paraguay (CNV) participated in Global Money Week 2021 by organising 15 open free-of-charge conference talks for the general public. Several stakeholders from the financial sector, cooperation agencies, government, academia and civil society were invited as lecturers for these 20-minute talks followed by Q&A sessions on social media. Most sessions focused on topics related to money and finances, including financial education or inclusion and investor protection, while also highlighting information from their own fields of expertise. About 345 people participated in the first day of the talks on March 22nd. The Secretary Executive of the Comité Nacional de Inclusión Financiera (CNIF) and the Project Manager of Fundación Capital spoke about financial inclusion in Paraguay.

118

The second series of virtual talks was held on March 23rd with 424 participants attending. Four sessions took place with participation of representatives of Asunción’s Stock Exchange (BVPASA), Itaú Invest and Regional Brokerage House. They shared best practices on investing safely in the stock market. The third day of the event had 333 participants and included three sessions. On March 24th, representatives of Universidad Americana, World Wildlife Fund (WWF) and the United Nations Development Programme (UNDP) discussed sustainable finance. The fourth day of talks took place on March 25thwith discussions focused on financial technologies (FinTech). Talks were led by representatives from the Universidad Paraguayo-Alemana and the Paraguayan FinTech Chamber. Lastly, the fifth series of talks took place on March 26th and was about the importance of credit ratings, money markets, financial safety nets and proper money handling. Sessions were led by representatives of Freie Universität Berlin, Frontclear, Fundación Paraguaya and Solventa S.A. All presentations are published on the CNV’s website here. Since 2014, the Paraguayan American Chamber of Commerce Foundation (AMCHAM) takes part in the Global Money Week celebrations. This year, the Campaign programme included talks, digital campaigns and other activities. Within the framework of Global Money Week 2021, the AMCHAM Foundation organised a free webinar via Zoom and Facebook Live about “The art of managing money well: a perspective from different sectors.” The activity featured many professionals and was moderated by an economist from the AMCHAM Foundation. In addition, tips on financial education were shared on social networks such as Facebook, Instagram and Twitter with the key recommendations shared by the experts during the webinar. To celebrate GMW 2021, Fundación Capital implemented an initiative to promote the participation, leadership and economic opportunities of vulnerable young people. Linked to the theme of GMW 2021 “Take care of yourself, take care of your money,” many activities were developed on topics related to socio-emotional skills such as selfesteem, resilience and leadership of young people, and their relationship with money management and entrepreneurship opportunities. The activities were carried out at the Ñemity Pedagogical Centre, in the city of San Lorenzo, managed by the Ministry of Children and Adolescents, an allied institution of Fundación Capital.

119

PERU GMW national coordinator: Superintendence of Banking, Insurance and Private Pension Funds Administrators (SBS) Participating organisations: Central Reserve Bank of Peru, Museum of the Central Reserve Bank of Peru (MUCEN), National Institute for the Defense of Competition and Intellectual Property (INDECOPI), Superintendence of Securities Markets, National Tax Administration Superintendence (SUNAT), PRONABEC, Deposit Insurance Fund (FSD), Municipality of Lima, Ministry of Economy and Finance (MEF), Banco de la Nación, Banco Falabella, Scotiabank, BanBif, COFIDE (Banca de segundo piso), Peruvian Association of Insurance Companies (APESEG), Financiera Confianza, Financiera Efectiva, Compartamos Financiera, Banks Association (ASBANC), Association of Pension Fund Administrators, Peruvian Federation of Municipal Cajas of Savings and Credit (FEPCMAC), Federación de Cooperativas de ahorros y créditos’ (FENACREP), CMAC Trujillo, CMAC Arequipa, CMAC Cusco, CMAC del Santa, CMAC Huancayo, CMAC Ica, CMAC Maynas, CMAC Paita, CMAC Piura, CMAC Sullana, CMAC Tacna, Caja Lima Metropolitana, Caja del Centro, Caja los Andes, CREDIRAIZ, Pacifico Seguros, Cooperativa Abaco, WORLDVISION, World Council of Credit Unión (WOCCU), Peace Corps, Sparkassenstiftung fur Internationale Kooperation, International Plan, CEDRO, Superintendencia Financiera de Colombia, Comisión Nacional de Bancos y Seguros Honduras, Comisión para el Mercado Financiero de Chile, Alliance for Financial Inclusion (AFI), Banco de desarrollo de América Latina- CAF, Banco Mundial, ONG Kallarisunchis, Acomo, Cambia FX, Palgo, Tasatop, Tkambio, Tukuy, Tunki, Yape, BIM, Comparabien, BVL Center for Financial Studies, San Ignacio de Loyola University, CERTUS, PUCP, Universidad del Callao, Universidad de Lima, Universidad Cayetano Heredia, Pacifico University Business School, SENATI, I.E.S.T.P. ‘Santiago Antúnez de Mayolo, I.S.T.P. CEPEBAN, Instituto Continental, LMI, UNESCO, TGC & W Consultores Asociados, UGEL Quispicanchi, Grupo de Análisis para el Desarrollo (GRADE), Institute of Peruvian Studies (IEP), Sociedad Obrera de la Unión – Huacho, Junta de Usuarios Sub Distrito de Riego – Cañete, Empresa Pídelo – Huacho , Gobierno Regional de Ancash, Clínica Ramazinni – Huacho, Fundación BBVA Microfinanzas, Movimiento con la niñez y la juventud, 103 schools and others Total number of participating organisations: 191 Number of children and young people reached directly: 22,153 Number of adults reached directly: 192,381 Number of people reached indirectly: 2,262,252 GMW 2021 in Peru was led by the Superintendency of Banking, Insurance and Private Pension Funds Administrators (SBS), in coordination with various public, private entities and civil society organisations. It constitutes the largest initiative in the country to promote savings and financial education. This activity is in line with the main objective of the National Policy for Financial Inclusion (PNIF) approved in August 2019, “Generating greater confidence in all segments of the population in the financial system” and aims to enhance financial education for children, youth and their families through non-formal learning spaces that will serve them for their future interaction with the financial system. The Peruvian GMW was framed under three pillars: (1) financial education actions with children, young people and their families in order to create awareness about the importance of saving, responsible management of money and personal finances; (2) provide a space to disseminate evidence and promote best practices on financial education and financial inclusion among policymakers, private institutions from the financial sector and academia; (3) promote access and responsible usage of saving products by the opening of savings accounts by financial institutions.

120

This year, the GMW involved more than 200,000 people and 191 entities across the country. The Campaign started with the inauguration of the GMW on March 22nd, following with conferences on “Financial Well-being in Latin America and the impact of COVID-19”. Through the platform more than 100 experts from the academia, public authorities, practitioners participated in 37 conferences. Experts discussed current issues and research regarding financial education and financial inclusion. They also gave financial education talks, reaching 40,913 visits through its four sections: “Promoting financial inclusion through research”, for scholars and policymakers; “Promoting financial inclusion for implementation”, for financial inclusion and financial education actors; “Informed, we decide better”, for citizens; and, “Playing, we learn about saving,” for children and families. The virtual platform also had a dedicated channel that allocate 49 virtual stands distributed in four pavilions. In these stands, the participants of the GMW provided financial education materials, downloadable materials, videos, podcast, games and online support. During the seven days of the fair, the virtual stands had 50,343 visits. During the fair, the participants were able to participate in the “Financial Rally” to collect points for attending the stands, participating in the presentations, review the financial education materials and videos, online orientations, and had the chance to test their knowledge. This section had 13,519 visits. Additionally, every participating organisation disseminated messages via social network, institutional portals, mailing and virtual talks. The participants also carried out 102 different activities outside the GMW platform.

Did you know? The virtual fair for Global Money Week 2021 in Peru had a monitoring and evaluation component to explore the participant’s financial knowledge. The evaluation tried to identify improvements in participant’s financial knowledge after visiting the different stands and conferences of the virtual fair. The SBS developed an entry test, an exit test, and an indicator of the level of interaction to collect information.

121

THE PHILIPPINES Participating organisations: Cooperative Development Authority Region III, Provincial Cooperative Development Council – Bulacan, Bangko Sentral ng Pilipinas (BSP) Cotabato Branch, Abucay Multipurpose Cooperative, Iwahori Multipurpose Cooperative, Ligas Kooperatiba ng Bayan sa Pagpapaunlad, Llanera Municipal Cooperative Development Office, Mahabang Parang Waterworks Cooperative, Mariveles Public Market Development Cooperative, Parish of St. Francis of Asissi Meycauayan CDC, San Jose del Monte Savings and Credit Cooperatuve, San Miguel de Marilao, St. Martin of Tours CDC, Watchlife Workers MPV Moncada Women’s Credit Cooperative, Saint Francis Development Cooperative, 1 Cooperative Insurance of the Philippines Life & General Insurance, Bangko Sentral ng Pilipinas-San Fernando Branch, CLIMBS Life and General Insurance Cooperative, HOLCIM Bulacan Multipurpose Cooperative, PCEDO Aurora, PCEDO Bulacan, PCEDO Bataan, PCEDO Tarlac, PCEDO Nueva Ecija, Central Luzon Regional Cooperative Development Council, Local Government of Llanera, Nueva Ecija, Abucay Community Laboratory Cooperative, Iwahori Laboratory Cooperative, Ligas Integrated School, Little Angels de San Jose House Foundation Lab Coop, St. Michael Laboratory Cooperative, Mariveles Public Market Development Laboratory Cooperative, St. Francis Laboratory Cooperative, Angelican School of Marilao Inc., Taal Elementary School, Aflatoun Laboratory Cooperative, Bulilit Savings Tipid Movement Laboratory Cooperative, KASAMAKA Laboratory Cooperative, Pampanga High School, Cooperative Development Authority Philippines, Provincial Cooperative and Enterprise Development Office, Cooperative Development Authority Region 3, Parish of St. Francis De Assisi of Meycauayan Credit and Development Cooperative, Mahabang Parang Waterworks Cooperative, Ligas Kooperatiba ng Bayan sa Pagpapaunlad, St. Martin of Tours Credit and Development Cooperative San Miguel De Marilao Mpc, SAn Jose Del Monte Savings and Credit Cooperative, Holcim Philippines Multi-Purpose Cooperative Total number of participating organisations: 63 Number of children and young people reached directly: 1,913 Number of adults reached directly: 1,448 Number of people reached indirectly: 27,658

122

Cooperative Development Authority (CDA) Region III launched this year’s Global Money Week as “Thriftiness Monday” featuring a webinar on “Financial Literacy” via Zoom and Facebook live stream on March, 22nd. CDA Regional Office III once again led the launch of Global Money Week along with its 39 partners from laboratory cooperatives, guardian cooperatives, financial institutions, government agencies, and other stakeholders. The launch was attended by almost 150 individuals via Zoom and by additional viewers from CDA RO III Facebook live stream. During the event, the keynote speaker emphasised on the importance of taking care of ourselves to achieve our dreams. Ten teams of cooperatives from different provinces of the region participated in an online game “Let’s Hakoot-IT” in Kahoot! The online game had three categories: the easy, moderate and hard. Cash prizes were offered to the winners of all these categories. On March 23rd, numerous young people took part in a poster making contest, an online essay and slogan writing competition, online challenge for business proposals, creating TikTok videos on budgeting tips, ceremonial planting of sunflower seeds of hope by lta mpc Laboratory Cooperative, digital financial literacy seminar, photo contest, and many more. In addition, entries to the documentaries on the “Young Filipino Savers” and to “Spoken Poetry Competition” were posted on social media alongside the webinar. Activities on “Wellness Wednesday” on 24th March emphasised the overall wellness of young people, the need for support, opportunities and encouragement to strive and to achieve financial well-being. The Culminating cum Awards and Recognition Programme was held on March 26th as part of the “Victorious Friday.” Zoom and livestreaming were used to present awards and certificates to different Cooperative Development Authority partners for GMW 2021. Winners of the documentary “Young Filipino Savers” and “Spoken Poetry Competition” were announced. The Province of Bulacan, Philippines, through the Provincial Cooperative and Enterprise Development Office along with its partner cooperatives and members was able to reached 1,065 children and youth during the Global Money Week 2021 celebrations. Activities were conducted through virtual platform such as vlogging (TikTok Tips on Financial Literacy), essay writing contest, business proposal writing contest, spoken poetry, inspiring video documentary of successful young savers, creative dialogue reading, logo design competition and Young Entrepreneur Business Proposal. An online Trivia Game was held through the EFLC Cotabato Facebook Page during Global Money Week 2021. EFLC Cotabato Page is an online advocacy platform of Bangko Sentral ng Pilipinas (BSP) Cotabato Branch. Most of the participants were students and teachers from locations in areas under Region 12 and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Daily winners were awarded prizes through their respective e-wallet accounts

123

POLAND GMW national coordinator: The Polish Financial Supervision Authority (UKNF) Participating organisations: Ministry of Finance (MF), Office of Competition and Consumer Protection (UOKiK), Polish Chamber of Insurance (PIU), Bank Guarantee Fund (BGF), Society for Promotion of Financial Education (SKEF), National Bank of Poland (NBP), schools of different educational stages and other educational facilities, universities, public library, day support centres, local non-profit organisations, provincial police headquarters, municipalities and local radio stations Total number of participating organisations: 295 Number of children and young people reached directly: 23,070 Number of adults reached directly: 1,782 Number of people reached indirectly: 100,000 Throughout Global Money Week 2021, the Polish Financial Supervision Authority (UKNF) along with partners reached over 18.5 thousand children and young people from at least 160 schools of each educational stage across Poland, in many cases located in small towns and villages. Thanks to cooperation between institutions involved in financial education, GMW 2021 in Poland was not only the most successful one in terms of reach of the campaign but also in terms of variety of issues related to finance that were raised during the Week and variety of activities offered to participants despite the challenges of online learning. The UKNF created a sub-page dedicated to the GMW here to provide information and practical advice for participants but also to enable dissemination of financial education projects, programmes, initiatives and materials, both existing and new ones. The schools showed great interest in the series of nine financial education webinars organised by the UKNF during the Week within an educational project called CEDUR – The Education Centre for Market Participants here. The webinars covered topics such as the functioning of the financial market, for example banking activity and operations, financial products and services, guidelines for a better understanding of credit agreements for young adults, investing through investment funds, cyber threats and cybersecurity from the perspective of financial service users. The webinars reached over 4.5 thousand children, young people and teachers from over 120 schools. The Bank Guarantee Fund contributed to the webinars by preparing a presentation on the rules of the deposit guarantee system in Poland. This was attended by almost 350 participants. The Ministry of Finance offered free teaching materials within the “Finansoaktywni” here, educational programme to help teachers teach students about taxes (i.e. types of taxes, why we pay them, and what is funded by taxation) and budget (national, local and personal). During GMW 41 schools with approximately 2,334 students used these materials. The Polish Chamber of Insurance held two webinars – a lesson on insurance for high school students attended live by over 500 participants and a training course for teachers. The webinars focused on insurance most important elements and its role in managing risks that may affect the stability of household finances. The comic books about insurance here prepared for the youngest attracted great interest and reached several thousand people. The Society for Promotion of Financial Education launched a dedicated tab on the website here, which was visited by 2,365 people. Over 700 primary and secondary school pupils took the financial knowledge quiz, and over 530 secondary school students participated in classes on personal finance management. The Office of Competition and Consumer Protection provided access to the website konsument.edu.pl here, a virtual simulator of on-line threats lurking and waiting for especially young consumers. The site resembles a social networking site where booby-trapped offers pop up among regular posts. All the activities, educational tools and materials related to GMW 2021 proposed by the institutions were free of charge and accessible through digital means. Besides a wide range of initiatives offered by the institutions, children and youth could benefit from other activities

124

organised locally in their school environments throughout the Week. The younger students created money boxes from recyclable materials and catchy slogans on saving money. In turn, the youth participated in financial educational quizzes, created their own personal budgets, took part in saving surveys, ran their own projects such as rankings of bank accounts for teens and young adults, and made a GMW school blog. During Global Money Week, the National Bank of Poland reached hundreds of thousands of people by implementing a number of interesting educational events for various age groups from the youngest pre-schoolers, students from primary and secondary schools, to university students, but also parents and seniors. The NBP employees conducted digital lessons and meetings, quizzes and competitions for over 4,000 students all over Poland, and organised online lectures for 300 students. In local radio stations, they educated everyone about how to safely manage personal finances and introduced Global Money Week to everyone. The official theme of GMW 2021 “Take care of yourself, take care of your money” was promoted as a topic for events and activities. A specific subpage at nbp.pl/edukacja here, was created to share information on the Campaign. Numerous people who visited the subpage could choose from studies on personal finance, lesson scripts, simple animations introducing difficult economic concepts, and lectures conducted by experts from the NBP on How much does a loan cost?, Mysterious APRC (Annual Percentage Rate of Charge) and The Sharing Economy, and a lot more. Despite the challenging COVID-19 time and the need to organise activities primarily in the virtual space, various audience groups across the country were reached. Many people were informed about the campaign, wise money management techniques, and the importance of increasing financial skills of young people.

125

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. 126

The Portuguese Association of Specialised Credit Institutions (Associação de Instituições de Crédito Especializado - ASFAC) carried out two training sessions for 60 students from a vocational school, Instituto Profissional de Transportes da Escola Profissional de Loures, aimed at providing students with tools for improving money management. Dr. António Cupertino de Miranda Foundation (FACM) announced the winners of the Financial Education Olympiads, enrolled in the 11th edition of the “No Poupar Está o Ganho” (Saving is Gaining) financial education project. This year the initiative was developed entirely online, through an e-learning platform, and involved around 3,858 students. Furthermore, FACM developed a set of online Financial Literacy Laboratories, within the scope of the project “Eu e a minha Reforma” (Me and my retirement), reaching around 160 adults from several municipalities in the North Region of the country. The Portuguese Association for Consumer Protection (Associação Portuguesa para a Defesa do Consumidor DECO) organised five online open classes for around 500 students from seven different schools, aimed at raising awareness about good practices for personal money management and the importance of creating saving habits. The main goal of the online classes was to raise awareness on these topics amongst students. The Portuguese School Libraries Network (Rede de Bibliotecas Escolares - RBE) launched the GMW 2021 campaign on social media to raise awareness about this event amongst schools, including teachers and students. In addition to the initiatives developed by the financial supervisors and the partners of the National Plan, several schools across the country carried out debates, games, webinars, video contests, poster competitions and other activities. 127

ROMANIA GMW national coordinator: Financial Supervisory Authority (ASF) Participating organisations: Romania National Bank, Financial Studies Institute (ISF), Bucharest Stock Exchange (BVB), Romanian National Radio (RRA), Profit.Ro, EM360, Romanian Association of Banks (ARB), National Union of Insurance and Reinsurance Companies (UNSAR), Romanian Banking Institute (IBR), Promoting Performance in Education Association (APPE), Sago Finance SRL, High Edu, One Minute Economics, Finante FM, The Freepreneur, Educat si Bogat Blog, Royal School in Transylvania, school inspectorates, schools, universities and volunteers Total number of participating organisations: 325 Number of children and young people reached directly: 25,658 Number of adults reached directly: 3,612 Number of people reached indirectly: Not reported Throughout Global Money Week 2021, Romanian authorities, institutions, associations, companies and key opinion leaders, along with their partners, joint efforts in organising local and nationwide activities to celebrating the 9th edition of the Campaign. Once again, the Financial Supervisory Authority (ASF) and its partners held GMW 2021 Launch Event at the Bucharest Stock Exchange. This online ceremony was livestreamed on social media and watched by many. Other major events were organised by the ASF in order to raise awareness about the importance of financial literacy and financial resilience. During the inaugural day of GMW 2021, the ASF and the TV producer EM360 involved key opinion leaders of Romanian economic landscape in a largely distributed social media debate related to the importance of financial education and building future financial resilience. A TV show series, touching upon the most relevant financial education themes, was developed in partnership with the Profit.ro broadcaster. The ASF and ISF further partnered with the Romanian National Radio in an on-air financial educational programme and contest, reaching youngsters from both urban and rural areas through radio and social media. During the Academic Fin Hub organised by ASF, rectors from the top five Romanian universities met with the financial markets specialists from the Stock Exchange, the National Insurers Association and the Private Pensions Association in a debate related to the role held by early financial education in building a strong career. FinClub and ASF Student Club, two national online groups gathered youngsters interested in money matters for a meeting. Furthermore, the ASF also launched an online magazine dedicated to teachers during GMW month in March.

128

Given the COVID-19 situation, activities and events were organised by the National Bank of Romania exclusively online, in the form of presentations, games, educational videos, quizzes. The typical target groups were students from secondary and high schools, together with their teachers. The Romanian Association of Banks held a financial quiz for youngsters at the ages of 13-15. Throughout this contest, organised annually by the ARB both under European Money Week and Global Money Week, over 1,630 students from over 125 schools entered the competition. This was two times more compared to the previous year. The contest implemented by the ARB via an educational partnership with the Romanian Banking Institute announced three winners. Sago Finance and their partners organised online financial education activities during GMW 2021. The high school students who followed an interactive video content were able to connect with financial experts during live discussions. Many video courses were distributed daily in partner schools and later made accessible online. Students took part in the “MyStudentBudget” project about making their own budget and learning how to apply financial education knowledge in preparing for life at a college in a different city. At the end, the project connected participants with students from those cities to validate their data. The project also involved parents. In the APPE project, students played an online game called “Kids – a successful business.” Professors organised competitions, such as making a money box. The initiative aimed at showing how money is perceived, acquired, spent, saved, invested, donated for charitable purposes or borrowed in today’s society, simultaneously with concentrating on building basic management skills. The project integrated children from all over Romania and from the Republic of Moldova, all guided by 182 professors. At the end, youth participated in a game that focused on questions on financial education. 129

RUSSIAN FEDERATION GMW national coordinator: The Ministry of Finance of the Russian Federation, the Central Bank of the Russian Federation Participating organisations: Federal State Budgetary Institution «Financial Research Institute», 252 institutions of higher education, 17 partners (Vkontakte, Sberbank, The Moscow School of Management SKOLKOVO, Group of Companies “Riki”, Federal methodological centers of financial literacy on the basis of the Lomonosov Moscow State University, HSE University, RANEPA, Financial University under the Government of the Russian Federation and many others Total number of participating organisations: 20 Number of children reached directly: 2,200,000 Number of adults reached directly: 5,300,000 Number of people reached indirectly: 93,000,000 Celebrating Money Week is part of the strategy for the improvement of financial literacy in the Russian Federation. The goal is to educate children and youth about how to manage finances in a responsible way, give answers to the most popular questions about money, and educate parents about the importance of financial education. This year’s edition took place during March 22nd to April 30th. Key themes of this year’s week included financial fraud management, young entrepreneurs, and dialog between generations about family finances. The Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation together planned the Money Week. The project was implemented by Federal State Budgetary Institution «Financial Research Institute». Open lessons on financial literacy, financial quests, games, contests, expert discussions and live broadcasts with government officials were held in all 85 regions in Russia. In total, 2,2 million students from schools and secondary vocational education institutions, 17,800 educational establishments, 252 institutions of higher education and 105,000 university students participated in the campaign.

130

Total coverage of the Week’s campaign in the media reached almost 93 million people. Updates were shared through more than 2,200 publications online and in print, 650 TV and radio broadcasts. The digital resources of the national programme for financial literacy improvement had over 10 million visits. 165,600 copies of educational materials were distributed among the participants during the campaign. The online financial literacy festival “My Money Fest” was the main event and organised on the platform of the Vkontakte, the most popular social network in Russia. “Mу Money Fest” includes a whole week of live broadcasts on a variety of themes related to financial literacy, talk shows with celebrities, interactions with the viewers and contests on social media. More than 70 experts participated in the festival from successful entrepreneurs, popular bloggers and journalists to representatives from the Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation. “My Money Fest” contest had more than 1,5 million views. Each day the festival focused on different target audiences such as preschoolers, junior, middle and senior students, parents and teachers. The first day of the festival was dedicated to the youngest participants. In live broadcast they met with the creators of “The Alphabet of Financial Literacy with Smeshariki”, the most popular educational cartoon in Russia. Recently the number of the views on all resources exceeded 100 million.

131

RWANDA Participating organisations: AIESEC in Rwanda, Entrepreneur Solution Partners, African Management Institute – Rwanda, Equity Bank Ltd Rwanda, Rwanda Stock Exchange, African Leadership University, University of Rwanda Total number of participating organisations: 6 Number of children and young people reached directly: 412 Number of adults reached directly: Not reported Number of people reached indirectly: 412 Throughout Global Money Week 2021, AIESEC in Rwanda along with its partners reached 412 youth through several digital activities. These included panel discussions, workshops, Kahoot! Financial Game, and financial social media challenges. More than 10,000 youth and adults were engaged in the campaign through social media, radio presents, and TV talks. During GMW 2021, financial literacy awareness sessions were organised mostly through digital means. This included sessions via Zoom and Kahoot! app. High-level discussions, seminars, and other educational sessions were organised by AIESEC in Rwanda. Throughout the Week, young people were able to engage in the Rwanda Stock Exchange online visit to understand how it works and how youth can get involved. Furthermore, this year university students had an opportunity to benefit from our AIESEC in Rwanda Partners programmes.

SAUDI ARABIA Participating organisations: Social Development Bank (SDB), Ministry of Education, Riyali - SEDCO Holding, SABB Bank, NGOs, Saudi Electronic University, Um ALQura University, KA University, Jazan University, Digital University, banks, schools, malls and others Total number of participating organisations: 79 Number of children and young people reached directly: 418,629 Number of adults reached directly: 1,079,050 Number of people reached indirectly: 3,644,976 Throughout GMW 2021, the Social Development Bank had more than 42 ambassadors to spread financial literacy awareness and information on the importance of savings. The Bank also collaborated with more than 75 partner organisations. A record number of activities were held during the Campaign, varying between training sessions, kids app, lectures and live appearance in malls, social media, TV and radio show. The Social Development Bank reached 14,331 participants through events and around 140,000 people through media outreach. Riyali, the SEDCO Holding financial literacy program, kickstarted their GMW camping with announcements to raise awareness about the event. These posts received over 3,200 views online. Riyali then invited all social media followers to test their knowledge through a series of stories and posts. In parallel, a webinar was held for more than 150 students, where they learned about upcoming projects focusing on constructive and effective ways of reaching their financial goals. Also, the Budget Sheet for kids was developed and made available, so they could better understand their spending and gains, which would in turn help them plan and reach their dreams. The campaign also included stories by three people where each one of them shared how Riyali programme helped them from challenges to success. These stories were filmed online and offline. This resulted in 405,802 registration, 1,077,400 engagements, and 3,505,026 views, which is proof that the Kingdom seeks to grow, learn and reach financial awareness and literacy at any cost.

132

133

134

SERBIA Participating organisations: National Bank of Serbia (NBS), Centre for Financial Education and Empowerment (CEFIN), Ministry of Education, Science and Technological Development Educational Institution, Association of Serbian Banks, Casa Forte, University Singidunum, Belgrade; Local Municipility Vračar, Belgrade; Kontroling Kognosko, Zagreb,Croatia; Kontroling Biznis Centar, Skoplje, Makedonija; Erste bank, Wiener Städtische osiguranje a.d.o., ISACA, Herbut Consulting, Uradi zaradi, Andeli Total number of participating organisations: 15 Number of children and young people reached directly: 360 Number of adults reached directly: 650 Number of people reached indirectly: 278,200 Due to the COVID-19 pandemic, the National Bank of Serbia focused on different video presentations during Global Money Week. The videos were made available online on Monday, March 22 on the NBS Visitor Centre website. To celebrate GMW 2021, the Center for Financial Education and Empowerment (CEFIN) together with partners organised a live streamed event called “Virtuelni Money Meetup“ on March, 27th . The event reached more than 900 adults, youth and children on Facebook and YouTube. The sessions focused on financial education and entrepreneurship. Erste bank, Wiener Städtische Insurance and Herbut Consulting led lecture on “Saving and investing for the future,” ISACA and Erste held discussions on “Online payments and cybersecurity” entrepreneurs from Andeli, Uradi zaradi, CEFIN talked about youth entrepreneurship, and the #ErsteZnali online financial education platform was presented. In addition, online viewers shared their views about saving for future through Mentimeter. During the live chat everyone could ask questions and leave comments. In Serbia, this was the second time that the “Virtuelni Money Meetup“ was organised by CEFIN after an initial launch in November 2020. This unique financial education event is about connecting financial institutions, experts and citizens. To celebrate GMW 2021, a regional conference by Casa Forte was organised on the “Importance of financial literacy of young people” on March, 23rd. Speakers included a senior consultant at Casa Forte, professor at the University Singidunum, Chief Financial Officer at Pliva Macedonia, member of Teva Group and member of the Control Business Center in North Macedonia, General Manager at Kontroling Kognosko d.o.o, and a member of the municipality of Vracar for social and child protection. The panellists highlighted the importance of financial literacy in everyday business, in career development, in long-term life and business plans. The audience consisted of students, small and medium-sized enterprises, representatives of Chamber of Commerce of Serbia, representatives of NGOs who support initiatives focusing on increasing financial literacy.

135

SEYCHELLES Participating organisations: UN Youth Seychelles, Central Bank of Seychelles, Ministry of Finance, Trade and Economic Planning, Sacos Insurance Group, Mauritius Commercial Bank, Financial Intelligence Unit, Enterprise Seychelles Agency, Seychelles Broadcasting Corporation, Ministry of Education, Independent School, Association of people with hearing impairment, Penlac Seychelles, Seychelles Business Studies Academy, Anse Boileau Secondary School, Bel Ombre Primary School, Grand Anse Mahe Primary School, La Misère School, Perseverance Secondary, Au Cap School, Anse Royale Secondary, La Rosiere Primary School, Baie Ste Anne Primary School, Pointe Larue Primary School, Beau Vallon Primary School, Cascade Primary School, TJV Matric Higher Secondary School, University of Seychelles, School of Advance Level Studies, International Peace Youth Group, ABSA Bank (Seychelles) Total number of participating organisations: 30 Number of children and young people reached directly: 156 Number of adults reached directly: 42 Number of people reached indirectly: 6,063 During Global Money Week 2021, the UN Youth Seychelles along with partners reached 198 people through several activities held mostly virtually. The week started with a morning talk show “Bonzour Sesel” to promote GMW and explain the activities for the week. The first virtual workshop took place on March 23rd and targeted educators form various fields. The session aimed to sensitise participants from several schools and institutions on financial topics such as the importance of budgeting, understanding assets and liabilities as well as investment opportunities available in the country. One financial professional facilitated the session, which was followed by guest speaker, a neuropsychologist and researcher, who gave her insight on the impact of financial stress on individuals. The remainder of the week featured a Virtual Financial Education Tour, consisting of presentations from various institutions: Economics Track, Financial Crimes Track and Business Management Track. The Economics Track Tour comprised three organisations including the Central Bank of Seychelles and the Ministry of Finance, Economic Planning and Trade (MoFEPT). The second financial education tour’s focus was on the prominent issue of financial crime. This track included SACOS Insurance Group, Mauritius Commercial Bank (MCB) and Financial Intelligence Unit (FIU). The webinar had 45 participants and covered aspects such as money laundering, suspicious transactions, risk-based monitoring amongst many others from the perspectives of these sectors of industry. The final virtual event was another successful activity featuring Enterprise Seychelles Agency (ESA) and MCB Seychelles who explained various elements of business management, which included the processes of setting up a business. Further insight into the inner operations of a bank were also discussed. GMW concluded on Saturday, March 27th with a collaborative, in-person financial education workshop for the hearing-impaired involving 19 participants. The event was organised by UNYS and CBS to promote understanding of personal finances and budgeting as well as exploring the role of CBS in Seychelles’ economy and the ability to recognise counterfeit notes ensuring that such campaigns remain inclusive.

136

SIERRA LEONE Participating organisations: Future HOPE Salone Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported Future HOPE Salone and Marampa youth supportive forum organised workshop with secondary school pupils, quizzes and debate on the importance of saving money during Global Money Week 2021.

137

SLOVAKIA Participating organisations: National Bank of Slovakia, Institute of Banking Education of the National Bank of Slovakia, Akadémia vzdelania OVB (nonprofit organisation Academy of Education OVB), OVB Allfinanz Slovensko a.s. Total number of participating organisations: 12 Number of children and young people reached directly: 217 Number of adults reached directly: 6,793 Number of people reached indirectly: 10,000 Throughout Global Money Week 2021, the National Bank of Slovakia, in cooperation with Institute of Banking Education of the National Bank of Slovakia, reached 67 students in four secondary schools through a three-hour online financial education talk, and several other activities. During GMW 2021, online financial literacy awareness sessions were offered to young people and adults as well as an online quiz on the topic “Do you have financial literacy at your fingertips?” More than 6,763 people joined the quiz and almost 60% of all answers were correct. Furthermore, this year people had an opportunity to read interesting articles, watch videos and interviews on various thematic areas of financial education made available for children, youth and adults in the new web portal of the National Bank of Slovakia here. To celebrate GMW 2021, Akadémia vzdelania OVB held activities in 11 primary schools. A financial online game “Moja Família (My Family)” was organised for primary school children, with the aim of helping children to build better financial habits and skills.

138

139

140

SLOVENIA GMW national coordinator: National Education Institute of the Republic of Slovenia Participating organisations: Central Bank of the Republic Slovenia, Bank Association of Slovenia, Ministry of Education, Science and Sport, Ministry of Finance, Institute of the Republic of Slovenia for Vocational Education and Training, Stock Exchange of Slovenia, European Commission Representation in The Republic of Slovenia, Home Economics Association of Republic of Slovenia Total number of participating organisations: 8 Number of children and young people reached directly: 10,000 Number of adults reached directly: 1,500 Number of people reached indirectly: 80,000 Throughout Global Money Week 2021, the National Education Institute of the Republic of Slovenia along with partners reached 10,000 children and youth through several digital activities such as financial education video lectures, workshops, education games and quizzes, media and radio show. During GMW 2021, financial literacy awareness sessions were organised for children, youth and for adults, mostly through digital means. High-level discussions, seminars, and other educational sessions were organised every day during Global Money Week.

The National Education Institute has undertaken a visible role in the processes of implementing and monitoring innovative programmes and practices (including financial education and financial literacy) in kindergartens and schools.

141

SOUTH AFRICA GMW national coordinator: Financial Sector Conduct Authority (FSCA) / National Consumer Financial Education Committee (NCFEC) Participating organisations: Private companies, banks, educational facilities, industry associations, NGOs, financial service providers, and others Total number of participating organisations: 79 Number of children and young people reached directly: 1,597 Number of adults reached directly: 16,184 Number of people reached indirectly: 63,400,000 Participating organisations during Money Smart Week South Africa (MSWSA) 2021, a campaign in South Africa that aligned to GMW, could either make use of this year’s digital platform with their events being live-streamed on the MSWSA website, or could run their own online events, small physical events where permitted or educational community radio campaigns. Private companies, banks, educational facilities, industry associations, NGOs and financial service providers made up 59.3% of the 79 participants taking part this year. Over 17,500 South Africans logged onto here. to watch live streamed events throughout MSWSA 2021, with over 83,300 video uploads throughout the week. A reach of over 4,331,000 in paid community radio coverage was achieved as well as an increase in our MSWSA subscriber database of 273%. MSWSA’s social media campaign reached more than 2,500,000.

142

143

SPAIN GMW national coordinator: Bank of Spain (Banco de España), Spanish National Securities Market Commission (CNMV) Participating organisations: Finanzas para Todos (FxT), CECA (Spanish Confederation of Savings Banks), CaixaBank, Caixa Ontinyent, Fundación Ibercaja, Edufinet (an iniciative of Fundación Bancaria Unicaja), Institut d’Estudis Financiers, Finanzas para Mortales (an iniciative of Banco Santander), Fundación de Estudios Bursátiles y Financieros, FunFinance Academy Total number of participating organisations: 10 Number of children and young people reached directly: 2,138 Number of adults reached directly: 391 Number of people reached indirectly: 820,000 To celebrate Global Money Week 2021, nine organisations joint forces planning events in Spain. The Bank of Spain collaborated with public authorities, NGOs, schools and universities. More than 2,000 children and youth were reached through several digital activities such as webinars, workshops, online competitions, and other events. More than 800,000 youth and adults were reached indirectly through media and social media campaigns. The Bank of Spain published a post on the Banking Client Portal here to spread the word about Global Money Week, and encourage everyone to register for the GMW Global Launch that took place on March 22nd. Finanzas para Todos, the brand of the Plan de Educación Financiera, that is the Spanish national strategy for financial education, published the same post here. In Spain, the nine organisations carried out numerous activities, aimed mainly at young people, but also at adults, SMEs, and people at risk of exclusion. Most of the organisers were formal collaborators of the Plan de Education Financiera. Among the activities organised during the week featured: the CaixaBank Volunteer Programmeme, aimed at young people the ages of 15-16 and at risk groups; the dissemination campaign “Mucho por hacer” (“Much to do”), carried out in collaboration with the main Spanish media. Caixa Ontinyent organised courses for teachers of training cycles related to the economic or financial fields. Edufinet, an initiative of Fundación Bancaria Unicaja, launched a microsite called Edufitech on new technologies applied to finance. Moreover, Fundación Ibercaja organised workshops focused on managing the family economy and for SMEs. The Spanish Confederation of Savings Banks (CECA) coordinated activities of its member entities that participated in GMW 2021. Finanzas para Mortales, an initiative of Banco Santander, launched a new FxM Challenge, a financial question and answer contest, as well as podcasts and videos on financial education. Institut d’Estudis Financiers organised a virtual visit to the Barcelona Stock Exchange, and training sessions on financial education and other current financial topics. The Bank of Spain and the Spanish National Securities Market Commission (CNMV) participated in one of these online sessions. Besides, Fundación de Estudios Bursátiles y Financieros organised conferences and a virtual visit to the Spanish Equity Market. In addition, FunFinance Academy held an online masterclass and a poster competition on financial education. 144

145

SURINAME GMW national coordinator: Centrale Bank of Suriname Participating organisations: Finabank, De Surinaamsche Bank, Godo Cooperative Bank, Self Reliance, Parsasco, De Schakel Total number of participating organisations: 7 Number of children and young people reached directly: 34,443 Number of adults reached directly: 48,001 Number of people reached indirectly: 111,000 The Central Bank of Suriname coordinated Global Money Week 2021 and planned virtual activities for young people. On March 22nd, the Governor addressed youth at the official virtual opening of GMW 2021 in Suriname. Together with six other financial institutions, various financial education activities were developed for young people, including quizzes, articles, videos, PowerPoint presentations and infographics. An evaluation quiz was compiled and distributed to assess the GMW activities and to find out what did youngsters learn from it. The winners of essay and video contests were announced and they received presents.

SWEDEN GMW national coordinator: Finansinspektionen - Financial Supervisory Authority Sweden Participating organisations: Finansinspektionen (Sweden’s financial supervisory authority), The Economy Museum – the Royal Coin Cabinet, Swedish Bankers Association, Ung Privatekonomi (Youth Personal Finances), Unga Aktiesparare (Youth Investors), Swedbank and Sparbankerna, Kronofogden (The Enforcement Authority), Nordea and Gilla din ekonomi (Like your finances) Total number of participating organisations: 10 Number of children and young people reached directly: 5,600 Number of adults reached directly: 40 Number of people reached indirectly: 214,000 During Global Money Week 2021, Pengalabbet (The Money Laboratory) was launched. It is an online educational game for children about everyday economics by the Economic Museum and the Swedish Financial Supervisory Authority. The website is available all year round for teachers and parents to use when they talk money with children at school or at home. A national Money Quiz was organised for secondary schools by the Swedish Bankers’ Association, several online lectures were held for students, and multiple social media campaigns were shared. Many of the lectures about personal finance are available for schools all year round since financial education is an ongoing project as it is part of the school curriculum from the first grade in Sweden.

146

SWITZERLAND GMW national coordinator: Netzwerk Finanzkompetenz (Financial Literacy Network) Participating organisations: Berner Schuldenberatung, Caritas Schweiz, Dachverband Budgetberatung Schweiz, FHNW Hochschule für Soziale Arbeit, Hochschule Luzern - Soziale Arbeit, iconomix - Ökonomie entdecken, Il franco in tasca TI, Kinder-Cash, Money Fit, Müller-Möhl Foundation, Plusminus Budget- und Schuldenberatung Basel, Pro Juventute Schweiz, Budget- und Schuldenberatung Aargau-Solothurn, Schuldenberatung Kanton Zürich, Schuldenprävention Stadt Zürich, Verein FinanceMission, Verein Jugendlohn Total number of participating organisations: 51 Number of children and young people reached directly: 500 Number of adults reached directly: 650 Number of people reached indirectly: 10,000 To celebrate GMW 2021, the Financial Literacy Network planned several events. More than 1,250 participants took part in 61 activities, in three of the Swiss official languages. About 200 parents, 350 teachers and social workers and over 100 other people were interested in online workshops. Easily accessible, low-threshold consulting services made it possible for 100 people to get advice on money matters. To access all “prevention pitches” from Jugendlohn, card game Ciao Cash, finance mission, online challenge iconomix, MoneyFit, and more please see here, here and here

Did you know? In Switzerland, events on topics such as pocket money or teen salary were organised for parents of schoolchildren. Young people should develop the skills and responsibility they need to manage their own interests at an early age. Parents can give young people a fixed monthly allowance with which young people can manage some of their living costs independently (such as clothes, haircuts, bicycle, mobile phone, sporting activities, etc.). Through the “teen salary” parent teach their children self-responsibility and self-reliance. It only covers costs that the family would anyways cover and it implies that parents have to trust in their child’s ability to succeed. Teen salary has been evaluated several times. Through the teen salary, teenagers learn to weigh shopping desires against essential purchases and to plan for longer and more difficult to achieve goals. [www.jugendlohn.ch / www.salairejeunesse.ch /www.salariogiovanile.ch; Teen salary film: https://youtu.be/ pUKtGu146pg ] 147

TAJIKISTAN GMW national coordinator: National Bank of Tajikistan, Ministry of Education and Science of the Republic of Tajikistan Participating organisations: The First Micro Finance Bank, CJSC MDO “Ardo Capital”, MCO “Oxus” LLC, MDO “Azizi Moliya” LLC, JSC “Alif Bank”, CJSC “Arvand Bank”, JSC “Eskhata Bank”, MCF “Imon”, CJSC “Imon International”, MDO “Matin” LLC, MDO “Tamvill” LLC, MCO “Mehnatobod” LLC, MCF “Imkoniyat”, JSC “Orien Bank”, MCF “Ravnak”, MDO “Rushdi Orien” LLC, State Unitare Enterprise “Sanoat Sodirot Bank”, MDO “FINCA” LLC, CJSC “Halyk Bank”, CJSC “Internationa Bank of Tajikistan”, Association of Banks of Tajikistan, ASIA-Plus Media group, German Sparkasssen Stiftung Tajikistan, Megafon Tajikistan, “Siyoma Water” Company, “Dovar Dushanbe” LLC, Committee on Television and Radio Broadcasting under the Government of the Republic of Tajikistan, Educational Center “Ilmhona”, Educational Center “Sirius”, Committee on Youth and Sports under the Government of the Republic of Tajikistan, Abdullo media Company, International Finance Corporation (IFC), “Art-Doshan Studio”, CEC “Alladin”, “Rakhsh-taxi” LLC, State Government business incubator Total number of participating organisations: 36 Number of children and young people reached directly: 319,199 Number of adults reached directly: 458,343 Number of people reached indirectly: 1,500,000 Throughout Global Money Week 2021, the National Bank of Tajikistan along with partners reached 319,199 children and youth through several activities such as trainings, seminars, quizzes, debate tournaments, essay competitions, charity events, StartUpTalks and other. Furthermore, university students had the opportunity to participate in online and offline activities such as visit to the Museum of Money of the National Bank of Tajikistan, and a nationwide creative competition for financial literacy that reached over 100,000 participants. More than 1,500,000 people were reached through programmes on TV and radio.

148

TANZANIA Participating organisations: The Latham School, Ennovate Hub Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported To celebrate Global Money Week 2021, the Latham School oganised motivational talks about earning and saving. They welcomed parent speakers, and asked children to come up with business ideas that they can exhibit and sell. Moreover, Ennovate Hub organised “Global Money Week - University Hackathon Challenge” for university students. Youth were required to come up with their ideas that can leverage technology to promote economic development in Tanzania. The winner received Cash Prize and a Business Incubation Support. In addition, Ennovate Hub held series of events for young entrepreneurs, so that youth could learn new financials skills and connect to financial institutions that could potentially partner with their businesses.

149

THAILAND GMW national coordinator: Bank of Thailand Participating organisations: Not reported Total number of participating organisations: Not reported Number of children and young people reached directly: 1,000 Number of adults reached directly: 600 Number of people reached indirectly: 7,646 Throughout Global Money Week 2021, the Bank of Thailand reached approximately 1,600 participants via “Money Game”, a newly-created online game, aiming at raising financial literacy awareness among youth and young adults. The platform was designed to communicate about financial well-being. Each level in the game conveyed a key takeaway. For example, how much it is necessary to save for emergency funds. “Save first, spend later” was a tip for successful saving, how to manage monthly expenses, and understand the basic concept of investing. The ultimate goal of the game was to allow participants to effectively learn and adopt the learnings, through a fun and cheerful way and, in the end, be able to apply these to their financial decision-making in daily life. Many young people participated in the campaign on Facebook, Twitter, Instagram and on the website of the Bank of Thailand. There was also an on the ground setup point of the game at the Bank of Thailand Learning Center for those who came to visit the museum during Global Money Week. Furthermore, the Bank of Thailand connected to game fans by running a live game casting. The live responses during the session and the participants’ answers to the quizzes were beyond expectation. It was clear that the target group enjoyed this gaming activity. Moreover, within the seven days of Global Money Week, the live casting and its recorded video clip brought around 7,600 engagements, mostly with young people between the ages of 18-34.

150

TRINIDAD AND TOBAGO GMW national coordinator: The National Financial Education Committee (NFEC) Participating organisations: The Central Bank of Trinidad and Tobago via The National Financial Literacy Programme (NFLP), The Financial Literacy Secretariat - Tobago House of Assembly, Bankers Association of Trinidad and Tobago (BATT), The Association of Trinidad and Tobago Insurance Companies (ATTIC), Trinidad and Tobago Insurance Institute (TTII), The Co-operative Credit Union League of Trinidad and Tobago (CCULTT), The Office of the Financial Services Ombudsman (OFSO), Trinidad and Tobago Stock Exchange (TTSE), Trinidad and Tobago Securities and Exchange Commission (TTSEC), The Mutual Fund Association of Trinidad and Tobago (MFATT), Ministry of Education, 6 schools Total number of participating organisations: 16 Number of children and young people reached directly: 250 Number of adults reached directly: 250 Number of people reached indirectly: 500 Through the National Financial Education Committee, Trinidad and Tobago joined Global Money Week 2021 during March 22nd-26th. This year the Committee and its members planned several online events and activities. The Office of the Financial Services Ombudsman and the National Financial Literacy Programme presented a walk tour through the Central Bank Museum, hosted by the Central Bank Museum Curator. Participants learnt about the history of money, how money is made and more. The Central Bank Governor gave a short video presentation on the role of the Central Bank. The Bankers’ Association of Trinidad and Tobago, BATT, virtually welcomed 226 students from different primary schools: Curepe Presbyterian Primary School, Montrose Government Primary School, Sacred Heart Girls R.C., Sangre Grande Government Primary School, and Siparia Road K.P.A. Primary School. The virtual event was hosted by a media personality, who led fun interactive sessions, including a financial education puzzle challenge to help children understand the importance of basic financial education topics such as saving, budgeting, investing and entrepreneurship. Prizes were given to all participating schools and the top ten students from the financial education puzzle. The students also enjoyed watching a film featuring the media personality and his thoughts on entrepreneurship. Throughout the week, The Trinidad and Tobago Securities and Exchange Commission (TTSEC) engaged the public by creating new and engaging content for social media audiences. These included video tutorials on “3 Steps to Taking Care of your Money”, “Goal Setting – Completing your Goal Card Setting SMART Goals”, “Budgeting – How to do your own Budget”, “Saving Tips – Creating your own personalised Saving Jar/Box”, and “Investing – Posted in Story, on Stocks, Bonds, Mutual Funds.” The TTSEC also launched and premiered a video on Facebook and Instagram – on Friday, March 26th, to highlight the TTSEC’s Investor Education Website and Online Course – InvestucateTT.com. and the video titled, “The Little Investigator.” Additionally, the TTSEC developed and produced three videos on ‘Youth Voices’, which answered three specific questions for GMW 2021: Why do you think it’s important to take care of money?, How do you take care of your money in these times?, What more do you want to learn about money? All videos were promoted from March, 22nd-31st. Over 143,900 people were reached with these videos on social media. Lastly, the TTSEC Conducted a Virtual Investor Education Outreach Session for over 200 students at the Bishops Anstey High School and Trinity East College Secondary School (BATCE). The National Financial Education Committee members hosted the “Building Financial Resilience in Our Youth” webinar. Members of the committee discussed the importance of building the awareness of financial responsibility for children and young adults as well as their active role in financial matters at home. They believe that this type of reinforcement at home will enhance their financial capability and financial well-being as adults.

151

TURKEY Participating organisations: Habitat Association, Aflatoun International, FODER - Financial Literacy and Inclusion Association, TSPB, University Social Clubs, Norm Holding - Blue Collar Worker, Bross Textile - Blue Collar Worker, Woman Cooperatives, NOGs Total number of participating organisations: 15 Number of children and young people reached directly: 700 Number of adults reached directly: 400 Number of people reached indirectly: 11,000 Throughout Global Money Week 2021, Habitat Association reached 1,100 children and young people through various digital events such as online training, workshops, games, competitions, webinars with partners from public, private and non-governmental organisations. A digital financial literacy awareness training was held for children, adolescents, and for adults. The training explained the use of the digital financial system and tools to attendees and aimed empowering young people to help their parents and grandparents. Learn more here. During the month, online competitions were held to raise awareness through fun and interactive activities for young people.

152

UGANDA Participating organisations: I Profile Foundation Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported I Profile Foundation organised an online-based event in partnership with Future 4 Kids Africa. Videos were shared on online platforms during the global money week focusing on different financial literacy topics. A final event was held on 27th March 2021.

153

UKRAINE GMW national coordinator: National Bank of Ukraine Participating organisations: Ministry of Education and Science of Ukraine, Deposit Guarantee Fund, USAID Financial Sector Transformation Project, Peace Corps Ukraine; PrivatBank, Oschadbank; Kyiv National Economic University named after Vadym Hetman; Chernihiv Polytechnic National University; Sumy State University; Banking University; Irpin State College of Economics and Law; Professional College of Mykolayiv National University named after V.O. Sukhomlynsky; Kharkiv National University named after V.N. Karazin; Taras Shevchenko National University of Kyiv; Ternopil Ivan Puluj National Technical University; Khmelnytsky Polytechnic Vocational College of Lviv Polytechnic National University; Cherkasy State Technological University; Chernivtsi Vocational College of Technology and Design; Vilnotereshkivska comprehensive school of I-III grades named after І.М. Volochaya Pishchanska; Zhytomyr secondary school of I-III degrees №26; Klishkivtsi gymnasium; Marhanets comprehensive school of I-III degrees №5, Dnipropetrovsk region; Pidvolochysk comprehensive school of I-III degrees, Ternopil region; Romny comprehensive school of I-III degrees № 11, Sumy region; Kherson Lyceum of the Kherson Regional Council; Cherkasy institution of general secondary education of Cherkasy village council of Novomoskovsk district of Dnipropetrovsk region; Shepetivka specialized secondary school of I-III degrees №2, Khmelnytsky region; School of I-III degrees №163 named after M. Kirponos, Kyiv etc. Total number of participating organisations: 291 Number of children and young people reached directly: 40,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 250,000 2021 marked the eight time when Ukraine participated in the Global Money Week celebrations. The National Bank of Ukraine coordinated GMW campaign together with partners from the Ministry of Education and Science of Ukraine, USAID Financial Sector Transformation Project, the Deposit Guarantee Fund, different educational institutions, commercial banks, nonbank financial institutions, NGOs, and representatives of local businesses. In 2021, Ukraine celebrated Global Money Week for two weeks, with most events held in digital format. The launch of the GMW campaign in Ukraine was held on March 15th. From 15th-21st of March, a range of events and activities for schoolchildren took place, while events for university students were held during March, 22nd-28th. During the Campaign, the NBU and its partners engaged over 40,000 children and youth in all regions of the country through more than 1,550 events and activities. 291 organisations took part in GMW, including 120 schools, 68 universities, and 63 vocational training institutions. The main GMW events in Ukraine included interactive financial literacy lessons and webinars, Kahoot! parties, quizzes in social media, financial education games, the first school film competition called “Hryvnia! Camera! Action!”, discussions of books and movies on financial issues, and so much more. Also, meetings with representatives of the NBU, the Deposit Guarantee Fund, banks, insurance companies, and local entrepreneurs took place. Other fun activities were planned such as flash mob challenges called “Dance Like a Moneyman!” and “How We Celebrate GMW 2021”, three educational video presentations on “Top 5 Artifacts of the NBU Money Museum”, “What the NBU Does”, and “Our Hryvnia” featuring the Ukrainian domestic currency’s history, drawing exhibitions, master classes on creating money boxes, essay, poster, and selfie competitions, and school craft fairs. GMW 2021 events and activities received extensive coverage in the press and social media. Through press and media, GMW reached over 250,000 Ukrainians. Ukrainian participants actively highlighted activities on their Facebook and Instagram pages, using hashtags #GlobalMoneyWeek2021, #GMWUkraine2021. Additionally, the NBU launched a special GMW website here, where everyone could find lecture and workshop materials and other educational videos or look for ideas on how to celebrate GMW in an interactive way.

154

UNITED ARAB EMIRATES Participating organisations: Abu Dhabi Securities Exchange (ADX), Higher Colleges of Technology (HCT) Total number of participating organisations: 1 Number of children and young people reached directly: 100 Number of adults reached directly: 20 Number of people reached indirectly: 60 To celebrate Global Money Week 2021, Abu Dhabi Securities Exchange conducted educational lectures for the UAE youth at higher colleges of Technology (HCT). The Exchange recognised the best three research papers presented by Higher Colleges of Technology (HCT) faculty teachers and students. The goal was to raise awareness on the importance of financial literacy for youth in the country. In addition, AIESEC LLC along with partners organised one week-long campaign. This included, learning about the financial industry, its future, skills needed in the sector, and much more. Youth also gained insight into financial literacy and how to track, analyse and manage expenses. In addition, the campaign focused on equipping students with skills and knowledge about starting their own business or how to get a head start in their career path. On the final day of the Week, AIESEC together with United Arab Bank, organised an online session on the topic of financial inclusion of youth. This was followed by a panel discussion on the responsibility of financial institutions, education institutions and youth to encourage youth participation in the financial system. Throughout the week, two online competitions, six webinars and lectures were organised. Over 200 youth were reached through events and activities. Roughly over 3000 accounts were reached on social media. Did you know? AIESEC LLC organised an “online lemonade stand competition” where people compete with each other to come up with a possible financial and business strategy to sell lemonade. This project has taken the offline lesson of running a business to fully online. Young people could talk to each other and discuss their ideas. Young people needed to create a budget for their lemonade business, and learned how to adjust their product prince based on the economic environment and the market.

UNITED KINGDOM Participating organisations: Hazel Grove High, Monifieth High School, Film My Match, Asses to Music, KPMG Total number of participating organisations: 3 Number of children and young people reached directly: 1,200 Number of adults reached directly: 50 Number of people reached indirectly: 1,250 To participate in Global Money Week 2021, Hazel Grove High worked with partners to deliver assemblies, social media content and lessons in school. Monifieth High School focused on promoting financial support to parents and carers.

155

UNITED STATES Participating organisations: Vasthy’s Friends Total number of participating organisations: 1 Number of children and young people reached directly: 30 Number of adults reached directly: 32 Number of people reached indirectly: 72 During Global Money Week 2021 Vasthy’s Friends shared with their audience the importance of financial literacy through interactive games, songs, and stories. Their entertainment show opened a conversation between children and their parents to talk about their own financial experiences.

UZBEKISTAN GMW national coordinator: The Central Bank of the Republic of Uzbekistan Participating organisations: 17 commercial banks, 1 insurance companies, 4 fintech companies, Ministry of Public Education of the Republic of Uzbekistan, Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan, Youth Affairs Agency of the Republic of Uzbekistan, International Olympic Online School named after Muhammad Al-Khorezmi Total number of participating organisations: 25 Number of children and young people reached directly: 9,432 Number of adults reached directly: 86,315 Number of people reached indirectly: 2,158,402 The Central Bank coordinated GMW 2021 in Uzbekistan. Together with three agencies, 17 commercial banks, an insurance and four fintech companies involved over 2,254,149 children and youth through 14 financial education activities. These all focused on digital financial literacy, insurance literacy, use of banking products/services, and basics of financial security. Most financial literacy sessions were organised online through digital tools for children, youth and adults. Children participated in interactive activities, such as a master class on drawing with elements of financial literacy “Learn. Save. Earn” and a video contest “Take care of yourself. Take care of your money”. Youth learnt about digital financial literacy and more specifically about prevention of fraud with bank cards and safe use of digital banking services. An online testing on financial mathematics for schoolchildren from the fifth grade and above was carried out on the platform of the International Olympiad School named after Khorezmiy. During the Week, youth and others were able to participate in financial literacy competitions organised by the Central Bank and commercial banks. Moreover, the Central Bank had developed a calendar of financial discipline for the population. The calendar was posted on the Finlit.uz website. Each month of the Calendar is dedicated to specific topics on financial literacy and include interactive stickers for financial planning. In addition, this year, university students had the opportunity to participate in educational competitions, such as the Financial Literacy Championship and the Financial Literacy Olympiad for 1st -3rd year students. The eliminatory stage and semi-finals of the competition were held in an online format. The tasks included test questions on financial literacy with elements of financial mathematics. Awareness-rising webinar involving digital financial literacy was organised with fintech companies for students on the topic of “Take care of yourself. Take care of your money”. During the webinar, the experts also highlighted the functionality of mobile applications of payment

156

organisations. The sessions of webinar were mainly focused on common types of financial frauds and ways of protecting against them and dealing with their consequences. The speakers provided practical recommendations on the recognition of financial fraudsters on websites and social networks. Special attention was given to improving financial literacy of employees of retail companies. In particular, the Central Bank together with fintech companies conducted an educational and practical training on digital financial literacy “Improving digital financial literacy together.” The priority of the event was to explain contactless. As part of GMW 2021, 17 commercial banks held lessons and educational master classes on financial literacy for children and youth. Interactive tours explaining the principles of the work of various departments were also organised at bank branches. Educational and entertaining financial literacy activities were held for children from orphanages. In addition, commercial banks conducted interactive online financial literacy competitions for children, young people and the whole population on their official social media pages. The competitions focus on business ideas, drawings and videos on financial goals, piggy banks, essays and articles, as well as quizzes on financial literacy.

157

VENEZUELA Participating organisations: Bancaribe Total number of participating organisations: Not reported Number of children and young people reached directly: Not reported Number of adults reached directly: Not reported Number of people reached indirectly: Not reported To celebrate Global Money Week 2021, Bancaribe organised a virtual chat and forum on current Banking and Finance Concepts.

YEMEN Participating organisations: Al-Amal Microfinance Bank, Gosor Development Solutions, H&M Foundation, CARE International, SMEPS Agency, Twasul Programmeme, Tadhamon Microfinance, General Foundation for Social Insurance, National Microfinance Foundation, Union Microfinance Programmeme, Educational Research and Development Center, Almorsel for Exchange and Financial Transfers, Almuna Training Institute Total number of participating organisations: 12 Number of children and young people reached directly: 5,035 Number of adults reached directly: 3,000 Number of people reached indirectly: 20,000 In Yemen, Al-Amal Microfinance Bank followed the official GMW 2021 theme “Take care of yourself, take care of your money” to conduct digital activities during the Campaign. Some sessions focused on financial awareness and education on the PES electronic wallet that is used for saving, personal budget, banking services, debt management, financial negotiation, but also shared posts and video messages on social media platforms. GMW was promoted online and through printed stands placed in bank branches with awareness messages and spreading the saving culture for the bank’s customers. During Global Money Week, opening bank and electronic accounts was free. SMS messages were sent to clients to encourage them to learn helpful advice on financial literacy.

158

Gosor Development Solutions collaborated with partner organisations and offered a series of workshops for youth to help increase their financial knowledge on entrepreneurship, savings, insurance, business continuity and risks management for small projects, and other similar topics. Many youth registered and participated in these workshops in addition to thousands of them taking part in social media discussions. Motion graphic videos on saving literacy reached up to 20,000 youth and a radio campaign reached over 500,000 people. Other activities included financial competitions and small enterprise fundraisers on Facebook to help everyone better understand money matters and entrepreneurship.

159

ZAMBIA GMW national coordinator: National Financial Literacy Working Group that comprises: Bank of Zambia (BOZ), Securities & Exchange Commission (SEC), Pensions & Insurance Authority(PIA), Financial Sector Deepening Zambia (FSDZ), the Rural Finance Expansion Programme(RUFEP), Competition and Consumer Protection Commission (CCPC), Insurers Association of Zambia (IAZ), Capital Markets Association of Zambia (CMAZ), Association of Microfinance Institutions of Zambia (AMIZ), Zambia Association of Pension Funds (ZAPF), German the Savings Bank Foundation For International Foundation (SBFIC) Participating organisations: National Financial Literacy Secretariat, commercial banks, microfinance institutions, insurers, media, capital markets, pension funds, NGOs, schools, finlit organisations, mobile network operators, and others Total number of participating organisations: 154 Number of children and young people reached directly: 3,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 5,000,000 For the 9th consecutive year, Zambia organised the local adaptation of the Global Money Week as the annual Financial Literacy Week 2021 from March 22nd to 28th. In view of prevailing health restrictions due to the COVID-19 pandemic, all official activities were conducted virtually, although some stakeholders conducted in person activities throughout the country. The week began with a kick-off event anchored by the Chief Executives from the financial sector regulators namely the Governor of the Bank of Zambia who serves as the champion for financial education in Zambia, the Registrar of the Pensions and Insurance Authority, and the Chief Executive of the Securities and Exchange Commission. Together they

160

provided policy direction on the need to increase efforts in financial literacy and provided leadership for the market players they regulate to provide guidance for their organisations. The two-hour event included reflection on the past nine years, the major strides, the COVID-19 effect and the way forward. In keeping with the spirit of Global Money Week, the “Voice of young people” initiative was shared. Each of the Regulators hosted and engaged with a limited number of youth at each of their offices as a symbolic gesture of partnering with young people as equal partners rather than simply beneficiaries of the Campaign. Traditionally, the Secretariat plans an activity every day during GMW, but this year, the focus was on three main activities. The National Financial Literacy Working Group hosted a virtual Media Workshop that sought to give the media practitioners insights into financial inclusion in Zambia and the operating framework (i.e. Financial Sector Development Plan, National Financial Sector Policy, National Financial Inclusion Strategy and National Strategy on Financial Education and any other such documents) to enable them to produce quality content in relation to the financial literacy campaign. Zambia hosted a CEO Roundtable Meeting that sought to build consensus on financial education and inclusion efforts. This virtual meeting was attended by banks, insurers, micro finance, pension fund managers, mobile network operators, capital markets, non-governmental organisations, and government representatives. The meeting reviewed the result of the 2020 Finscope Survey. The Finscope is a nationally representative household survey that provides information on the demand, access, use of and behaviour towards financial services by the adult population. This survey is undertaken over a cycle of 3-5 years and this was the fourth time that the survey is being conducted in Zambia. Lastly, for the first time, Zambia hosted a virtual career fair with a main objective to showcase the financial sector to the tertiary institutions. This event provided available learning and career paths in the sector. The current youth unemployment is not unique to Zambia, but common across the globe. Research has shown that the financial sector has a significant skills gap and therefore providing information to learners that could improve their employability in the near future seemed appropriate. The event was anchored by the University of Zambia Business and Economics Association (UNZABECA).

ZIMBABWE GMW national coordinator: Insurance and Pensions Commission, Reserve Bank of Zimbabwe Participating organisations: Old Mutual Insurance, Cell Insurance, Zimnat Insurance Total number of participating organisations: 4 Number of children and young people reached directly: 100,000 Number of adults reached directly: 200,000 Number of people reached indirectly: 100,000 Throughout Global Money Week 2021, the Insurance and Pensions Commission along with partners such as Old Mutual Group, Zimnat Group and Cell Insurance reached about 200,000 children and youth through several digital activities. These included a video competition on Facebook, YouTube kids and Young People’s talk show. Short educational “Piggy Bank” targeted students at primary schools, and “On The Money” initiative focused on young people. Numerous GMW 2021 financial literacy awareness sessions were offered for children, youth and for adults, mostly through digital and radio platforms. These included kids showcasing what a better life means to them through a story, audio or art. Different partnerships with radio stations were formed to promote child education and youth empowerment programmes. Moreover, radio campaigns focused on money, insurance and influencer marketing. During GMW 2021, students who won competitions received prizes ranging from new laptops to tablets.

161

162

163

Organised by

Contact Us The OECD International Network on Financial Education (OECD/INFE)  2 rue André Pascal, 75775 Paris Cedex 16, France  www.oecd.org/financial/education  GMW_Secretariat@oecd.org  +33 (0)1 45 24 85 55 Follow GMW online!  www.globalmoneyweek.org Check out the GMW website for more information on activities, resources, participating countries, media and previous GMWs.     @GlobalMoneyWeek  @OECDGlobalMoneyWeek Follow us on social media @GlobalMoneyWeek. 164

2021 GMW Annual report

Articles inside

Hungary

Zimbabwe

Zambia

Ukraine

Uganda

Turkey

Trinidad and Tobago

Thailand

Tanzania

Tajikistan

Spain

Switzerland

South Africa

Slovenia

Slovakia

Sierra Leone

Seychelles

Serbia

Romania

Poland

Portugal

Russian Federation

The Philippines

Peru

North Macedonia

Nigeria

Moldova

The Netherlands

Nepal

Mongolia

Mexico

Mauritius

Malta

Mali

Malaysia

Madagascar

Maldives

Latvia

Kyrgyzstan

Kosovo

Korea

Kenya

Jordan

Italy

Japan

Indonesia

India

Greece

Haiti

Georgia

Estonia

France

El Salvador

Egypt

Ecuador

Dominican Republic

Dominica

Colombia

Bulgaria

Bhutan

Burkina Faso

Brazil

Belgium

Belarus

Bangladesh

Azerbaijan

Argentina

Austria

Armenia

Australia

CHALLENGES AND LESSONS LEARNED

Afghanistan

GMW 2021 OUTREACH

ORGANISATIONS

YOURSELF, TAKE CARE OF YOUR MONEY

THE GLOBAL LAUNCH OF GMW 2021

G20 ITALIAN PRESIDENCY SUPPORT

ABOUT GMW