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GMW2022 LAUNCH EVENT
A special GMW edition – 10 year anniversary
The 2022 edition of GMW was launched on 21 March 2022, through a virtual event accessible on YouTube and the GMW Website. The year 2022 marked the 10th Anniversary of the Global Money Week campaign, which grew over the years to become a global and international phenomenon, much due to tireless efforts of organisations from all around the world, reaching over 170 countries and over 50 million children and young people cumulatively over the years. To mark this special occasion, policy makers from four different continents had the opportunity to exchange and celebrate together the 10th anniversary of Global Money Week, to consider the achievements of the past 10 years, and to look forward at the future.
The Global Money Week campaign was launched by Carmine Di Noia, OECD Director for Financial and Enterprise Affairs. Director Di Noia highlighted that young people are not always equipped with the financial skills they need, as shown by the PISA 2018 financial literacy assessment. Far too many students around one in six on average across participating OECD countries and economies fail to attain a baseline level of proficiency in financial literacy, even in some high- and middle-performing countries. While 54% of 15-year-old students have a bank account, and almost 40% have made a payment with a mobile phone, many cannot recognise the value of a simple budget, let alone understand a bank statement or a pay slip. He highlighted that, in the current economic and geopolitical situation, it is imperative to give children and young people all possible opportunities to build a secure financial future. For many years the OECD has promoted financial literacy for all, and especially for young people, and Global Money Week has played an important role in keeping the issue high on the policy agenda. Director Di Noia mentioned that the theme of Global Money Week in 2022, “Build your future, be smart about money”, stressed the importance of being forward looking and thinking about one’s financial future. Young people need to be given 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. He also thanked all the organisations who participated in the GMW over the years for their commitment to financial education for children and young people.
Following opening remarks by Mr. Di Noia, representatives of the G20 Indonesia Presidency and the co-chair of the Global Partnership for Financial Inclusion (GPFI) discussed why supporting the financial inclusion and financial literacy of young people is essential for the GPFI and the G20.
The launch also featured a video collage which included highlights of the past 10 editions of the GMW campaign.
A high-level panel of global policy makers from Africa, Asia, Europe and Latin America discussed how the GMW has grown over the years and how it has helped shape the financial education landscape in their countries in the past 10 years. Key insights were shared by:
• Mairead McGuinness, Commissioner for financial services, financial stability and Capital Markets Union, European Commission (video message) • Jeroo Billimoria, Founder of the Global Money Week Campaign • Koba Gvenetadze, Governor, National Bank of Georgia • Maria Socorro Heysen Zegarra, Superintendent, the Superintendency of Banks, Insurance and Private Pensions, Peru • Denny Kalyalya, Governor, Bank of Zambia • Nawaporn Maharagkaga, Assistant Governor, Bank of Thailand
The panel of global high-level policy-makers was moderated by Aimée Allam, Executive Director, Financial literacy and inclusion campaign of the Financial Times and closing remarks were provided by Flore-Anne Messy, Head of the Consumer Finance, Insurance and Private Pensions division at the OECD and Executive Secretary of the OECD/INFE.
Global Money Week Annual Report 2022 | 10 Years of GMW #GMW2022Launch
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Speakers in the GMW2022 Launch Event: 10 Year Anniversary
Carmine di Noia, OECD Magda Bianco, Bank of Italy, G20 Global Partnership for Financial Inclusion Yunita Resmi Sari, Bank Indonesia, G20 Indonesia Presidency Secretariat Mairead McGuinness, European Commission Jeroo Billimoria, Founder of the Global Money Week Campaign Koba Gvenetadze, National Bank of Georgia
Maria Socorro Heysen Zegarra, Superintendency of Banks, Insurance and Private Pensions, Peru Denny Kalyalya, Bank of Zambia Nawaporn Maharagkaga, Bank of Thailand Flore-Anne Messy, OECD/INFE Aimée Allam, Financial Times
GMW2022 Launch Event: 10 Year Anniversary Video 10 Years of Global Money Week Video
─ Lecture “Financial literacy” Aidana, Kyrgyzstan, GMW2017
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Nasdaq GMW2012 Nasdaq GMW2013 Brunei Darussalam GMW2014 Senegal GMW2015 Ecuador GMW2016
