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2024 Malta Global Money Week

GMW NATIONAL COORDINATOR:

  • Ministry for Education, Sport, Youth, Research & Innovation, Department for Curriculum, Lifelong Learning & Employability, Directorate for STEM & VET Programmes, Home Economics Seminar Centre

PARTICIPATING ORGANISATIONS:

  • Home Economics Seminar Centre, Malta Bankers' Association, Central Bank of Malta, Malta Financial Services Authority, ĠEMMA, JA Malta, HSBC Malta Foundation, Bank of Valletta, APS, Directorate for Lifelong Learning and Employability within the Department for Curriculum, Lifelong Learning & Employability within Malta's Ministry for Education, Sport, Youth, Research and Innovation.

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 2 770 

NUMBER OF ADULTS REACHED DIRECTLY:

  • 8 788

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 71 998

During Global Money Week 2024, the Home Economics Seminar Centre (HESC) within the Directorate for Learning and Assessment Programmes in collaboration with the Malta Bankers' Association (MBA) and supported through the participation of GEMMA, JA Malta Foundation, the Central Bank of Malta, the Bank of Valletta, Malta Financial Services Authority, and APS, organised several initiatives to promote awareness related to financial literacy and financial education among children, adolescents, and adults. 

The official launch of GMW 2024 was held on Monday 18th March 2024 at St. Nicholas College, Primary School, Mġarr. The launch was organised by the Home Economics Seminar Centre (HESC) within the Ministry for Education, Sport, Youth Research and Innovation in collaboration with the Malta Bankers’ Association (MBA). This year, the programme of events included the participation of the Central Bank of Malta, the Malta Financial Services Authority, JA Malta, ĠEMMA, BOV, HSBC, APS and HSBC Foundation. As a part of the Global Money Week activities, students from state and non-state schools were invited to participate in the Financial Literacy Challenge 2024. All participants were invited to the launch alongside their teachers. During the event, contestants' work was showcased, and the winners were announced. The aim of the challenge was to empower the school community of primary, middle and secondary schools in Malta, by encouraging them to implement initiates to nurture financial resilience to address this year's challenge based on the GMW 2024 theme "Protect Your Money, Secure Your Future".

The Directorate for Lifelong Learning and Employability within Malta's Ministry for Education, Sport, Youth, Research and Innovation launched a Personal Finance Course in collaboration with ĠEMMA which is part of the Ministry for Social Policy and Children's Rights. This is an 8-week, free-of-charge, programme with a focus on managing money. The programme has been developed to empower people to change or improve their relationship with money by practising good financial habits. It is a practical, interactive programme designed to offer an engaging experience, with a target audience of adults from 15 years and older.

On Wednesday 20th March 2024, a teachers’ training programme titled "Educate to Empower: Strengthening Financial Capabilities" was held online. The training was organised by the Malta Bankers’ Association in collaboration with the Home Economics Seminar Centre. This event featured speakers from JA Malta, ĠEMMA, MFSA and APS.

The ‘Be Wise Pay Smart’ programme, a financial literacy educational programme offered to primary school pupils at the Home Economics Seminar Centre, was offered to students in Year 9, 10 and 11 following the Core Curriculum Programme (CCP) and/or Year 9, 10 and 11 students following the King’s Trust International Achieve Programme Malta. The programme explored the use of the ATM and different methods of payments. The students also had the opportunity to discuss ways how to be a smart consumer following some educational video clips. It aims to develop learners' capabilities through budget planning, savings, bank services, counterfeiting, and becoming critical consumers. This programme was facilitated by support teachers from the Home Economics Seminar Centre in collaboration with Malta Bankers’ Association, HSBC, and the Central Bank of Malta.

The JA Malta, in partnership with HSBC Foundation, organised an event for students aged 15 - 18 who are currently attending college. The Event was a Junior College financial literacy quiz competition. The objective of this quiz is to raise more awareness around the importance of how to manage money and money matters, to encourage goal setting for the short and long-term future, as well as encourage the use of digital finance. Through a fun interactive financial literacy quiz, the participants had the opportunity to win a prize based on the questions answered. JA Malta and the HSBC Foundation also released a financial literacy podcast on the GMW2024 theme of "Protection Your Money, Secure Your Future", which is open to all audiences to listen to and learn more about their finances.

The Bank of Valletta carried out a Vox Pop, testing students' knowledge about inflation, savings accounts, simple and compound interest, and investments. The Vox Pop was aimed at increasing financial awareness among post-graduates and the campaign targeted Gen Z and Millennials. The Bank of Valletta also worked to raise awareness among the general public, sharing content through their social media channels throughout Global Money Week. These posts included financial education tips to help make informed decisions and keep up with the latest financial trends.

2023 Malta Global Money Week

GMW NATIONAL COORDINATOR:

  • Ministry for Education, Sport, Youth, Research and Innovation, Directorate for Learning Learning and Assessment Programmes (DLAP), Home Economics Seminar Centre

PARTICIPATING ORGANISATIONS:

  • Home Economics Seminar Centre, Malta Bankers' Association, Central Bank of Malta, GEMMAJA, Malta Foundation, Commission for Revenue, Office of the Information and Data Protection Commissioner, BOVHSBCAPS

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 450

NUMBER OF ADULTS REACHED DIRECTLY:

  • 140

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 24 000

Throughout Global Money Week 2023, the Home Economics Seminar Centre (HESC) within the Directorate for Learning and Assessment Programmes in collaboration with the Malta Bankers' Association (MBA) and supported through the participation of GEMMA, JA Malta Foundation, the Central Bank of Malta, the Commission for Revenue and the Commission for Information and the Data Protection Commissioner, organised several initiatives to promote awareness related to financial literacy, financial education and financial inclusion. During GMW 2023 several initiatives were organised for children, youth, and for adults. The Week was  launched through an event coordinated by HESC in collaboration with the MBA, where the activities to be held during Money Week were presented. The Winners of the Financial Literacy Challenge 2023 were announced during the launch. The Financial Literacy Challenge in Primary and Middle Schools was organised during the week too. The participants created a low-cost meal, with an emphasis on seasonality, sustainability and local food. Several teacher training were organised during the week too.The Be Money Smart educational programme was delivered in collaboration with the Central Bank of Malta. The programme seeks to empower 10 and 11-year-old pupils with the knowledge and understanding, skills and attitudes to become financially literate and responsible from an early age. It encourages students to make informed decisions when handling financial resources and be of positive influence within their immediate family and amongst their peers. The programme addresses students' financial capabilities through opportunities for discussion, critical reflection, and activities to improve financial skills such as planning a simple budget. During the programme, students have the opportunity to differentiate between authentic and counterfeit money. Be Wise Pay Smart targets vulnerable students in secondary schools. The programme explores the use of the ATM and different methods of payment. The students also have the opportunity to discuss ways how to be a smart consumers through the use of educational video clips. This programme is offered by Home Economics Support educators in collaboration with bank personnel.JA Malta Foundation facilitated the workshop Building a Financially Capable Generation. Its aim is to provide young people with the practical information needed to support themselves both on a personal and business level.

2022 Malta Global Money Week

GMW NATIONAL COORDINATOR:

  • Directorate for Learning and Assessment Programmes (DLAP), Department for Curriculum, Lifelong Learning & Employability, Ministry for Education, Sport, Youth Research and Innovation

PARTICIPATING ORGANISATIONS:

  • Home Economics Seminar Centre, Malta Bankers Association, Central Bank of Malta, Malta Stock Exchange, Malta Financial Services Authority, Cyber Crime Unit within the Malta Police Form, GEMMA, JAYE Malta Foundation, BOV, HSBC

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 400

NUMBER OF ADULTS REACHED DIRECTLY:

  • 143

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 24,177

Throughout Global Money Week 2022, the Home Economics Seminar Centre (HESC) within the Directorate for Learning and Assessment Programmes in collaboration with the Malta Bankers' Association (MBA) and supported by ĠEMMA, JAYE Malta Foundation, the Cybercrime Unit of the Malta Police Force, the Malta Financial Services Authority and the Malta Stock Exchange Institute, organised initiatives to promote awareness related to financial literacy, financial education and financial inclusion.

During the week, several activities were organised for children, youth and for adults, all through digital means. These included the:

  • The Money Week Launch - An online event coordinated by the HESC in collaboration with the MBA presented the programme of activities for the Money Week. The winners of the GMW Financial Literacy Challenge were announced. The launch presided by Malta's Education Minister.
  • Financial Literacy Challenge in Primary Schools - This activity intended to promote awareness related to financial capabilities. The participants created a healthy low-cost food item with emphasis on seasonality, sustainability and local food.
  • Financial Literacy Challenge in Secondary Schools - Students were encouraged to create an original theme-related character that provided guidance on how to budget wisely throughout different stages of life.
  • Teacher Training - Participants were given the opportunity to familiarise themselves with resources and current initiatives intended to support the integration of financial literacy in the school curriculum. This financial literacy webinar focused on specific areas of interest for schoolteachers that include consumer rights and responsibilities, cybercrime and cybersecurity, investments, life assurances and pension plans.
  • Be Money Smart - This is newly launched HESC programme was created in collaboration with the Central Bank of Malta that develops learners' capabilities through budget planning, saving, bank services, reducing counterfeiting and becoming critical consumers.
  • Be Wise, Pay Smart - The programme targeted vulnerable youth. It explores the use of the ATM and different methods of payments. The students had the opportunity to discuss ways how to be a smart consumer through educational video clips. HESC staff and MBA bank members facilitated the programme.
  • Europe my Business - The programme which was facilitated by JAYE staff and volunteers targeted year 8 and 9 students. It explored European business and trade that produce goods and services for consumers, outlining the pricing of goods in their journey from resources to final product.

2021 Malta Global Money Week

GMW NATIONAL COORDINATOR:

  • Home Economics Seminar Centre (HESC)

PARTICIPATING ORGANISATIONS:

  • Malta Bankers’ Association (MBA), ĠEMMA, JAYE Malta Foundation, Central Bank of Malta, Malta Insurance Association

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 6

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 122

NUMBER OF ADULTS REACHED DIRECTLY:

  • 75

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 39,800

The Home Economics Seminar Centre (HESC) collaborated within the Directorate for Learning and Assessment Programmes with the Malta Bankers’ Association (MBA) supported by JAYE Malta Foundation and ĠEMMA. To celebrate GMW2021, several initiatives were organised to promote awareness about financial education and inclusion.

The Week was launch through an online event coordinated by the HESC in collaboration with the MBA. The audience was addressed by the Minister of Education. The programme of the Week was then introduced, and the announcement of winners of the GMW Financial Literacy Challenge.

The HESC teamed up with the MBA and coordinated the European Money Quiz by the European Banking Federation for youth between the ages of 13-15 in Malta. As of each year, a circular was sent to all schools in Malta to encourage participation. The Financial Literacy Challenge was organised for primary, middle and senior schools. In primary schools, the challenge aimed to promote awareness related to financial capabilities. The young participants created a healthy low-cost food item with emphasis on at least one of the following areas: seasonality, sustainability, local and traditional food. For the middle and senior schools, through cross-curricular subjects, students were encouraged to create an original item/product promoting budgeting and highlighting the importance of saving for future needs. The Department for Learning and Assessment Programmes issued circulars for all schools in Malta to inform parents and students about these competitions.

As part of the GMW programme, a teacher training webinar was held for Home Economics teachers or other teachers, with the objectives of upskilling with regards to cybersecurity and non-banking products.

The “Be Wise Pay Smart – Be Wise Pay Smart” programme targeted year 9 to year 11 students, following the Core Curriculum Programme (CCP) and the Prince's Trust International Achieve Programme Malta – Money Managing Unit. The programme explored the use of the ATM and different methods of payments. The students had an opportunity to discuss ways of how to be a smart consumer through educational video clips. HESC staff and MBA bank members facilitated the programme.

The “Europe My Business” programme was facilitated by JAYE volunteers and targeted year 8 to year 9 students. This programme explored the relationship between the natural, human and capital resources found in different countries. It explored European business and trade, which produce goods and services for consumers.

2019 Malta Global Money Week

LEADING ORGANISATIONS:

  • Department of Curriculum, Lifelong Learning and Employability, Directorate for Learning and Assessment Programmes

PARTICIPATING ORGANISATIONS:

  • 20 Schools, Finance Malta, Global Payments Limited, Home Economics Seminar Centre (HESC), Malta Bankers’ Association, The Central Bank of Malta, The Institute of Financial Services Malta

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 283

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2 580

Department of Curriculum, Lifelong Learning and Employability, Directorate for Learning and Assessment Programmes
To celebrate both GMW and EMW, the Directorate for Learning and Assessment Programmes (DLAP) within the Department for Curriculum and Lifelong Learning and Employability (DCLE), and the Ministry for Education and Employability (MEDE) coordinated a number of activities, in collaboration with their partners. The celebrations were officially launched at St. Ignatius College. Prior to the launch, students had participated in the Financial Literacy Challenge. The winners were announced during the launch. A training seminar was offered to Home Economic teachers, to equip them with skills, knowledge and competences in financial related topics. At the Home Economics Seminar Centre, the ‘Money Matters’ programme was offered to year 6 students. The ‘Be Wise Pay Smart’ programme was offered to year 10 students in two local banks, which included an interactive exploration on the use of ATM’s and EPOS terminals. This year, the programme included an innovative event to raise awareness on cybersecurity and online payments amongst students.

2018 Malta Global Money Week

LEADING ORGANISATIONS:

  • Ministry for Education and Employment-(Department for Curriculum, Lifelong Learning & Employability), Directorate for Learning and Assessment Programs, Home Economics Seminar Center (HESC)

PARTICIPATING ORGANISATIONS:

  • Central Bank of Malta, Global Payments Limited, JAYE Malta Foundation, Malta Bankers' Association, Malta Financial Services Authority, Malta Institute of Financial Services, Malta Stock Exchange, 19 schools, 4 media organisations

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 700

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 5 000

Ministry for Education and Employment-(Department for Curriculum, Lifelong Learning & Employability)
The Directorate for Learning and Assessment Programs (DLAP), within the Department for the Curriculum and Lifelong Learning and Employability (DCLLE) at Ministry for Education and Employment Malta (MEDE), coordinated a number of activities throughout the GMW2018. Together with the Home Economics Seminar Centre (HESC) within DLAP, DCLLE has worked with The Malta Bankers' Association and a number of other stakeholders to roll out the different activities. The official launch took place on Monday 12th March at St. Nicholas College, Middle School, Rabat. The launch, which was presided by Dr. Francis Fabri, Permanent Secretary at the MEDE, included footage outlining the different activities taking place throughout GMW. Prior to the launch, Year 5 to Year 8 students in Church, State and Independent Schools, together with other educational entities, were invited to take part in a Financial Literacy Challenge with the theme 'Money Matters Matter'. This challenge aimed to promote awareness to subjects relating to financial literacy, financial education, and financial inclusion. It also encouraged the sharing of good practices among schools, teachers, students and other community members. Schools were also invited to participate in the financial education programs titled 'Money Matters' and 'Take Part, Save Smart' at the HESC. The programs, facilitated by Home Economics educators aimed to develop the students' financial capabilities through enabling them to make informed decisions when handling financial resources. Another programme, 'Be Wise Pay Smart', was organised for older students who participated in a hands-on experience coupled with an interactive educational session. Students were given the opportunity to use ATM and EPOS terminals responsibly. Students had the opportunity to visit the Malta Stock Exchange. These visits are aimed to raise awareness and promote financial literacy through an overview of the role of the stock exchange and the basic features of stocks and shares. On 6 March 2018, Home Economics Teachers were invited to attend a Teacher Training Seminar entitled ‘Financial Literacy Education – New Developments’. The training aimed to disseminate the latest developments in the area as reflected in the teaching of the Home Economics. Another programme titled 'Economics for Success' was held in collaboration with Junior Achievement Young Enterprise, the Central Bank of Malta and the HESC.

2017 Malta Global Money Week

LEADING ORGANISATIONS:

  • Directorate for Quality & Standards in Education

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 450

The Department of Curriculum Management in Malta, through collaboration with the Home Economics Seminar Centre, the Malta Bankers’ Association, the Malta Financial Services Authority, the Central Bank of Malta, the Malta Stock Exchange and the Institute of Financial Services, organised a number of activities throughout Global Money Week.

The official GMW 2017 launch in Malta took place on Monday 27 March 2017. During the launch, presided by the Honorary Evarist Bartolo, Minister of Education and Employment, a feature outlining the activities that would take place throughout the Global Money Week was presented. Prior to this week, middle schools in Malta and Gozo were invited to take part in a financial literacy challenge with the theme ‘Learn. Save. Earn’.

Throughout this week, pupils participated in a programme entitled ‘Money Matters’ at the Home Economics Seminar Centre. This programme aimed to develop the financial capabilities of the pupils by enabling them to make informed decisions when handling financial resources. The programme also included aspects of money security features.

Students also had the opportunity to visit the Central Bank of Malta as well as the Malta Financial Services Authority. Another programme, ‘Be Wise Pay Smart,’ was organised for older students who participated in a hands-on experience, coupled with an interactive educational session carried out in a bank. Students were encouraged to use ATM and EPOS terminals responsibly. Discussions were facilitated by support teachers from the Home Economics Seminar Centre along with bank officials to promote smart payment habits. A week prior to the Global Money Week, home economics teachers were invited to attend a teacher training seminar on innovations in financial literacy.

2016 Malta Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 14th - 18th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 350

TOTAL INDIRECT REACHED:

  • 20

The goal of the 2016 edition of Global Money Week in Malta was to teach children and youth about money, savings, creating livelihoods, gaining employment and becoming entrepreneurs through fun and interactive activities. Hence, through the programme facilitated by HESC, the learners gained knowledge, skills and competences about the concept of personal finance. Various activities helped the learners to interact, reflect, think critically and express their opinions in order to be able to make responsible financial choices.

The financial literacy programme ‘Take Part, Save Smart’ targeted Year 7 students (10-11 year olds). The duration of the programme was 1hr 30 minutes, and the programme included the following activities: answer the ball, needs and wants, budgeting, understanding financial related terms, ‘Financial Literacy’ board game and a ‘Wanna be a Minnionaire’ quiz.

Circulars were issued to all schools and sectors within the Maltese Educational System to brief them about GMW and the activities on offer.

2015 Malta Money Week

"Save knowledge! Save knowingly!"

PARTICIPANTS:

DATE OF THE EVENT:

  • 9th – 13th of March

NUMBER OF CHILDREN REACHED:

  • 400

A seminar titled ‘Financial Literacy: Let’s get Focused’ which was organised by the MBA and held at Le Meridien Hotel, St. Julian’s, targeted the teaching profession as well as personnel from local banks. The Secretary General of the MBA welcomed the participants. The seminar was opened by the Permanent Secretary in the Ministry for Education and Employment, and was also addressed by the Director of the Department of Curriculum Management within the Directorate for Quality and Standards in Education, as well as Education Officers within the Department.

Presentations were also given by two foreign speakers: a Training and Volunteer Engagement Manager from the Chartered Banker Institute of Scotland, and a senior representative from Child & Youth Finance International. The Seminar was concluded with a discussion panel which was moderated by the Vice-President of the Institute of Financial Services, Malta, and included the participation of the Director of the Consumer Complaints Unit of the MFSA, the Director of Caritas Malta and a leading Financial Consultant.

A main highlight throughout the week has been ‘Money Matters,’ a financial literacy educational programme offered at the Home Economics Seminar Centre which adopts an active learning framework and methodology which focuses on learning by doing. This programme exposes ten to eleven-year-old pupils to a process of hands-on experiences leading to debate, reflection, analysis and evaluation while equipping them with the appropriate skills, competences and attitudes to make justified informed financial decisions. This programme was offered to around 400 pupils during money week and will be extended to all schools in the future. A life-sized mascot named ‘Flusinu’ was created by 10-yearold Marija Camilleri from ejtun Primary School and a song writer was chosen to write the lyrics of an educational song accompanying the mascot.

A script which delved into the role and functions of money in today’s society was written for a live sketch. An original educational board game ‘Money Moves’ was developed in order to provide opportunities for evidence weighing, goal-setting and solution-seeking in relation to the pre-determined financial thematic categories addressed in the programme. These include history of money, budgeting, needs and wants and bank services.

2014 Malta Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 10th - 14th of March

NUMBER OF CHILDREN REACHED:

  • 500

Several activities took place in Malta during the Global Money Week 2014. On Wednesday 12th March and Friday 14th March a financial education seminar targeting Year 6 pupils was conducted with the title ‘Money Matters’. The seminar was organised by the Home Economics Seminar Centre [HESC]. This seminar empowered 10 -11 year old pupils with knowledge and understanding, skills and attitudes to:

  • become financially literate and responsible from an early age;
  • make informed decisions when handling financial resources;
  • be a positive influence within their immediate family and amongst their peers.

This seminar targeted Year 6 pupils because the HESC hypothesize that at this early age pupils are more likely to start having greater access to financial resources such as pocket money and gifts while at the same time becoming more vulnerable to conflicting media messages. Through the use of ICT as an interactive educational medium, the programme included debates, drama, quizzes, case studies, handling of simulated money and the use of mock bank facilities available at the HESC premises. This seminar exposed the pupils to a process of hands-on experiences leading to reflection, analysis and evaluation while equipping them with the appropriate skills and attitudes to make informed financial decisions.

The Central Bank of Malta conducted presentations in 5 different schools during GMW. These focused on the role of the Central Bank of Malta in providing money and maintaining the price stability. Moreover, in each of these schools a currency exhibition was organised. Children from grades 3 to 6 received lessons on financial literacy.

HSBC Malta visited 45 schools during the Global Money Week.

6 drama sessions were conducted with an average of 100 students as part of a project titled How do Banks Work? The objectives of these Drama Sessions were to:

  • help students to better understand how banks work;
  • make students aware of the services banks provide;
  • help students feel safe putting money into and invest in banks (when they are older);
  • introduce students to terminology used in banks;
  • help students understand better banks’ rules;
  • interest students in a career in finance.

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