Portugal

GMW national coordinator: Portuguese National Plan for Financial Education (NPFE) led by the Banco de Portugal, Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF), Comissão do Mercado de Valores Mobiliários (CMVM) Participating organisations: ACM – Alto Comissariado para as Migrações (High Commission for Migration), APB – Associação Portuguesa de Bancos (Portuguese Banking Association), ASFAC – Associação de Instituições de Crédito Especializado (Portuguese Association of Investment Funds, Pensions and Assets), DECO – Associação Portuguesa para a Defesa do Consumidor (Portuguese Association for Consumer Protection), DGE - Direção-Geral da Educação (Directorate-General for Education), FACM - Fundação Dr. António Cupertino de Miranda (Dr. António Cupertino de Miranda Foundation), IEFP – Instituto do Emprego e Formação Profissional (Portuguese Institute for Employment and Vocational Training), OPP - Ordem dos Psicólogos Portugueses (Portuguese Psychologists Association), RBE - Rede de Bibliotecas Escolares (School Library Network), Auditoria Geral do Mercado de Valores Mobiliários de Cabo Verde, Agência Angolana de Regulação e Supervisão de Seguros, Banco Central dos Estados da África Ocidental (Guiné-Bissau), Banco Central do Brasil; Banco Central de São Tomé e Príncipe; Banco de Cabo Verde, Banco de Moçambique; Banco Nacional de Angola, Comissão do Mercado de Capitais de Angola, Comissão de Valores Mobiliários do Brasil, Superintendência de Seguros Privados do Brasil, 271 schools, 2 universities Total number of participating organisations: 296 Number of children and young people reached directly: 26,508 Number of adults reached directly: 2,000 Number of people reached indirectly: 93,577

In Portugal, GMW is coordinated by the Banco de Portugal, ASF and CMVM, under the National Plan for Financial Education (NPFE). The 2022 edition engaged 271 schools, 2 universities, 9 NPFE’s stakeholders, 14 financial supervisory authorities of the Portuguese-speaking countries and around 122,000 people.

On March 22, the Portuguese financial supervisors hosted a webinar with the financial supervisory authorities of the other Portuguesespeaking countries to discuss the importance of awareness raising campaigns for young people. More than 100 representatives from the authorities of Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Portugal and São Tomé and Príncipe joined this webinar and shared their experiences in conducting financial awareness raising campaigns, as well as in implementing and coordinating GMW nationally. The webinar also benefited from the participation of the OECD/INFE Executive Secretary.

The Portuguese financial supervisors also launched a campaign on the NPFE’s Facebook page to raise awareness on the importance of building up savings for a rainy day and adopting adequate behaviours to prevent digital frauds. The campaign drew attention on trending topics such as crypto assets and sustainable finance.

The Alto Comissariado para as Migrações (ACM) conducted financial education sessions based on the “Todos Contam Lesson Plans”, which were developed by the financial supervisors, and targeted 600 young people who are out of school and face socio-economic vulnerabilities. In addition, the Associação Portuguesa de Bancos promoted the European Money Quiz, an initiative that aims to assess young people’s financial literacy, engaging around 2,500 students from 46 schools. Besides, the Associação de Instituições de Crédito Especializado organised the national competition called “Economia para o Sucesso”, an initiative which aims to empower young people in their relationship with money. It engaged 23 students. Moreover, the Associação Portuguesa para a Defesa do Consumidor held online classes to discuss the importance of savings and online safety with digital financial platforms. These sessions reached about 800 students from more than 20 schools.

The ASF developed the activity “Poupar com Pinta” (“Having fun while saving”), targeted children up to 9 years old and allowed them to colour their own piggy bank. For older students, ASF developed online questionnaires to address saving habits and digital security. Both activities were developed in collaboration with their parents. ASF also launched a campaign on Facebook to share the results.

The Banco de Portugal, supported by its regional branches, held several initiatives in 16 schools throughout the country engaging 2,000 students from primary to secondary schools.

The CMVM launched a video on Twitter and Linkedln to raise awareness about the risks of crypto assets, focused on ESA’s messages: the prices of these assets can drop and increase rapidly in short periods; the investor can lose all money invested; the promises of quick and riskfree gains may be associated with fraud; there are no investor protection mechanisms.

The Fundação Dr. António Cupertino de Miranda involved 13,800 students and 120 schools enrolled in the “No Poupar Está o Ganho” project. The Foundation implemented a financial education programme called “Por Tua Conta”, specifically designed for students who are attending vocational education and their teachers. In addition, the Ordem dos Psicólogos Portugueses launched a social media campaign called “Click once and save for life”, raising awareness about the importance of savings. Whereas, the Rede de Bibliotecas Escolares and the Direção-Geral da Educação (Ministry of Education) launched a campaign through its communication channels, to raise awareness about GMW2022 among the school community. Additionally, more than 70 schools and 7,000 students across the country carried out a myriad of activities, including financial literacy competitions, online quizzes, debates based on the “Todos Contam Lesson Plans”, games and study trips.