FOREWORD

Portugal GMW2018 

In 2022, Global Money Week (GMW) has celebrated its 10th edition. Ten years in which financial education has risen on the agenda of policy-makers around the world, and in which millions of children and young people, as well as parents and teachers, have been engaged in conversations about money.

Financial education has never been more important, especially for young people as they navigate through an uncertain world, due to geopolitical risks, inequalities, pandemics and climate change. The financial sector has also been radically transformed over the past years, with financial innovations, new players and new technologies bringing opportunities but also increasing risks for consumers, especially young or unexperienced ones. Financial education, alongside financial consumer protection, are key in ensuring consumers benefit from this transformation, while managing risks.

Yet, despite the challenges, this is also a world full of opportunities, where digitalisation has brought us closer together, has allowed us to discover far away cultures, and to be part of a global society. Global Money Week is an excellent example of the force of collaboration, both nationally and internationally. Each year, it brings together over 100 countries and over 10,000 organisations with the same goal: to make financial education accessible to young people.

The impact of the GMW in these past 10 years has gone beyond its extraordinary outreach. GMW is now a key initiative to raise awareness on the importance of financial education for students in many countries, as well as on the importance to teach financial education in school. In many countries, it has helped to enhance collaboration among key stakeholders working on financial education at national level and is part of the implementation of National Strategies for financial literacy around the world.

As Chair of the Global Money Week Working Group under the OECD/International Network on Financial Education (INFE), I am happy to see the GMW thrive, and to be able to count on the collaboration of colleagues from around the world in ensuring that the GMW campaign is a success every year.

I look forward to another 10 years of Global Money Week!

José Alexandre Cavalcanti Vasco

Director, Office of Investor Protection and Assistance Securities and Exchange Commission (CVM), Brazil Chair of the OECD/INFE Global Money Week Working Group