Spain

10 Years of GMW | Global Money Week Annual Report 2022 Spain

GMW national coordinator: Plan de Educación Financiera (national strategy for financial education in Spain) through its trademark Finanzas Para Todos, Banco de España, National Securities Market Commission (CNMV), Ministry of Economic Affairs and Digital Transformation (MAETD) Participating organisations: Spanish Confederation of Savings Banks (CECA), Spanish Banking Association Foundation (AEB Foundation), National Union of Credit Unions (UNACC), Institut d’Estudis Financers (IEF), Finanzas para Mortales (UCEIF Foundation), Spanish Union of Teaching Cooperatives (UECOE), International Financial Analysts (AFI Foundation), Institute of Credit and Finance of the Region of Murcia (ICREF), MAPFRE Foundation, Foundation for Education in Accounting and Business Administration (CONTEA), Nantik Lum Foundation, ASUFIN Financial Users Association (ASUFIN), Adecose Foundation, Mutualidad Abogacía Foundation (Mutual Lawyers Foundation), Stock Market and Financial Studies Foundation (FBEF), Escuela de Jóvenes Emprendedores®, El Recetario Financiero®, Ayuntamiento de Benissa, Comarca de Somontano de Barbastro, IES Josep Iborra (Benissa, Alicante), IES Hermanos Argensola (Barbastro, Huesca), Benissa Digital Total number of participating organisations: 26 Number of children and young people reached directly: 4,402 Number of adults reached directly: 1,349 Number of people reached indirectly: 48,807

Throughout Global Money Week 2022, 16 Spanish organisations arranged more than 100 activities. These included face-to-face and digital workshops, online contests, videos, distribution of learning materials, webinars, a visit to a stock exchange, content sharing on webpages and on social media. All activities reached more than 4,000 children and youth. Indirectly, about 50,000 youth and adults were reached. This year, some activities were carried out in-person, due to a better situation of the COVID-19 pandemic.

Banco de España was the national coordinator of GMW2022 in Spain, alongside with the National Securities Market Commission (CNMV) and the Ministry of Economic Affairs and Digital Transformation (MAETD). Together they organised an in-person conference for 150 students at the winning school of the Spanish Financial Knowledge Contest 2021. During the event, there was an interesting debate about several topics regarding internet fraud, responsible consumption, saving for the future and cryptocurrencies. These three institutions, as the promoters of the national financial education strategy - Plan de Educación Financiera, also provided teaching materials to high school teachers, published several posts and online quizzes on Finanzas Para Todos, the webpage of the Plan de Educación Financiera, and on its social media platforms.

The rest of the activities carried out in Spain during GMW were organised by twelve collaborators of the Financial Education Plan. The activities were aimed mainly at youngsters in middle and high schools, but also to children in primary education, vocational training and students in the university. Among these activities:

• AEB organised an online financial knowledge contest via Kahoot! with the participation of 1,800 young people. The winner represented Spain in the European Money Quiz finals. • CECA, together with its associated financial entities, organised talks and workshops aimed at vulnerable groups such as people with intellectual disabilities from youth to elderly. Workshops for high school students were organised, in which concepts related to financial education, cryptocurrencies, blockchain and NFTs were explained. • UNACC, through credit unions, organised workshops for high school students to make them aware of the importance of economics and the responsible use of personal finances. • Istitut d’Estudis Financiers (IEF) organised a workshop “The Circular Economy”, to raise awareness on the importance of applying responsible consumption in our daily lives to achieve a more sustainable world. • UCEIF Foundation organised training sessions dedicated to “Entrepreneurship for Employment” and “Sustainable Finance” for young people by trying to link these sessions to the digitisation. • AFI Foundation launched an Instagram channel “Today I Have Fun With” aimed at boys and girls between 14-25 years old. Different financial topics were shared, and a contest on cryptocurrencies and sustainable finance was organised. • ICREF organised the colloquium “Build Your Future” between high school students and the Regional Responsible of Economy and Finance of the region of Murcia. • CONTEA Foundation developed a video report “Accounting in Your Pocket” on the relationship between young people and money. • MAPFRE Foundation launched an online quiz and game called “Savings Roulette” via social networks in which participants who completed the game could enter into a later draw. • UECOE developed an initiative called “Economy for All” to enhance the financial culture in society, especially among high school students. It also created a comic about “Learn Finance with Alejandro and Greta” which could be used for financial education activities for primary school students. • Nantik Lum created a thematic video that addressed the issue of saving as a habit and a fixed expense within the personal budget. • ASUFIN published an infographic via social media to provide savings tips for the young students. • ADECOSE Foundation launched a campaign on TikTok to spread financial and insurance content to a young audience between 18-30 years old. The videos were made in English to ensure international dissemination. • Mutualidad Abogacía Foundation organised some activities for young people with intellectual disabilities. Two workshops on “Savings and Responsible Consumption Laboratory”, as well as the programming of a visit to the Madrid Stock Exchange. • Escuela de Jóvenes Emprendedores®

With the help of the Townhall of Benissa, the Comarca de Somontano de Barbastro, organisation of La Escuela de Jóvenes Emprendedores and El Recetario Financiero more than 115 students participated in the Olympics of Financial Education, and gamified workshops in Alicante and Huesca to celebrate the Global Money Week. The Financial Olympics are an innovative way to introduce economics to children and young people. Through games, group dynamics and exercises, children and youngsters learn financial concepts while playing. All the activities promote the values of responsibility, solidarity, teamwork, effort and commitment. Learn more here.