El Salvador

GMW national coordinator: Banco Central de Reserva de El Salvador (BCR) Participating organisations: Superintendencia del Sistema Financiero (SSF), Instituto de Garantía de Depósitos (IGD), Banco de Desarrollo de El Salvador (BANDESAL), Defensoría del Consumidor, Banco de Fomento Agropecuario (BFA), Banco Hipotecario de El Salvador, S.A., Ministerio de Economía (MINEC), Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE), Sparkassenstiftung Alemana para la Cooperación Internacional (DSIK), Junior Achivement El Salvador, Banco Promerica, S.A., Federación de Cajas de Crédito y Bancos de los Trabajadores, Sociedad Cooperativa de R.L. de C.V. (FEDECRÉDITO), Banco Davivienda Salvadoreño, S.A, BANCOVI de R.L., Banco Agrícola, S.A., Quálitas Compañía de Seguros, S.A., Banco Cuscatlán de El Salvador, S.A., Asociación Bancaria Salvadoreña (ABANSA), Banco de América Central, S.A., Ministerio de Educación, Ciencia y Tecnología (MINEDUCYT) Total number of participating organisations: 21 Number of children and young people reached directly: 1,820 Number of adults reached directly: 2,168 Number of people reached indirectly: 244,870

In El Salvador, many virtual Global Money Week activities were carried out including workshops and webinars on financial education, campaigns on social networks, Facebook live events, digital press and more. Digital tools such as Menti, Trivia, the Kahoot application, Virtual Roulettes and Physical Roulettes were used for events and sessions. The contest “Virtual Financial Challenge 2022: Ready with Your Money” was held for youth to demonstrate their knowledge about managing personal finances through different challenges related to the topic and to help them better understand about the importance of good money management skills for the future.

The “Draw, save and learn” contest was organised for students to teach them about a good use of money with a focus on the slogan of GMW. An offline fair with stands was planned in the complex of the Central Reserve Bank of El Salvador during 21-25 March. It consisted of a range of interactive games called Financial Circuit “Build your future, be smart with money.” Each stand focused on specific topics of financial education with the objective of developing a circuit of knowledge. During the conference, some comics and “Frank’s Adventures” videos were launched. On the closing day, there was a magic show and a batucada was presented with financial messages on stilts. Event coordinators in the financial circuit granted scholarships for the “Cuentas Contigo” programme of financial education.

The forum on Financial Education featured tools and techniques to learn by making a budget to develop competencies about family and business economy. In addition, two TED talks for university students were held called “The intelligent use of your money, makes a difference in your future” and “Dreams come true, managing your money well”, where two young entrepreneurs told their success stories. Students also visited to financial institutions, played face-to-face “Savings Ladder” game, and more.

The portal “Mis Finanzas en Casa” at the Tin Marin Children’s Museum delivered certificates for courses. Banconautas station exhibition at the Museum simulated a rocket travelling to the moon while youth could learn about various topics in finance. At the end of the Banconautas experience, children and youth gained insights into the pillars of: Save, Spend and Share.