2019 Jamaica Global Money Week
LEADING ORGANISATIONS:
- Financial Services Commission Jamaica
PARTICIPATING ORGANISATIONS:
- Consumer Affairs Commission, Insurance Association, Jamaica Deposit Insurance Corporation, Jamaica Stock Exchange, Junior Achievement Jamaica
NUMBER OF CHILDREN REACHED DIRECTLY:
- 400
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 220 000
Financial Services Commission Jamaica
Throughout Global Money Week 2019, the Financial Services Commission partnered with Jamaica Stock Exchange, the Jamaica Deposit Insurance Corporation, Junior Achievement Jamaica, the Insurance Association of Jamaica, and the Consumer Affairs Commission, to teach high school students across the country on financial literacy, planning for retirement, and creating wealth for the future. Events organised included speaking engagements and financial fairs. Furthermore, radio time was dedicated to disseminate financial tips to youth. The activities were shared online through social media platforms.
2018 Jamaica Global Money Week
LEADING ORGANISATIONS:
- Financial Services Commission of Jamaica (FSC)
PARTICIPATING ORGANISATIONS:
- Bank of Jamaica
- Jamaica Stock Exchange
- Junior Achievement Jamaica
- Scotiabank Jamaica
NUMBER OF CHILDREN REACHED DIRECTLY:
- 420
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 14 000
Financial Services Commission of Jamaica (FSC)
The Financial Services Commission of Jamaica (FSC), the Jamaica Stock Exchange, Bank of Jamaica, Junior Achievement Jamaica and Scotiabank Jamaica partnered to commemorate Global Money Week 2018 by organising visits and teaching sessions to over 400 Jamaican high school students. Over 15 visits and a total of 30 teaching hours took place during the Week, as part of a broader project (Schools' Financial Education Programme) sponsored by the FSC annually since 2011. The reach of the SFEP's GMW activities continues to grow. This year, over 1,000 parents, teachers and other volunteers/personnel were positively impacted. An additional 4000 students indirectly benefited from exposure to financial literacy information. Students explore lessons on saving, budgeting, credit choices, investing and the local financial regulatory system. The programme aims to help create a new generation of financially savvy Jamaicans, who have a better understanding of the impact their financial decisions have on their lives. During GMW2018, students were invited to tour the Jamaica Stock Exchange, the FSC, the Money Museum or Scotiabank Jamaica Headquarters. The educational tour lasts for 1 day and students participate in stimulating and interactive discussions with high and mid-level representatives from these organisations. In addition, students participate in valuable lessons on social skills and dining etiquette. The programme culminated with an awards luncheon to celebrate the top student achievers who participated in essay and audiovisual competitions setup to reinforce the objectives of the programme.
2017 Jamaica Global Money Week
LEADING ORGANISATIONS:
PARTICIPATING ORGANISATIONS:
- Bank of Jamaica
- Jamaica Stock Exchange
- Junior Achievement Jamaica
- Jamaica Deposit Insurance Corporation
- Digicel Jamaica and Royale Computers and Accessories
- Bank of Jamaica
- CreditInfo Jamaica
NUMBER OF CHILDREN REACHED DIRECTLY:
- 360
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 14 000
The Financial Services Commission (FSC) of Jamaica, with its goal to advance financial education within the country, implemented the 2017 Schools’ Financial Education Programme (SFEP) in association with Junior Achievement Jamaica and in alignment with Global Money Week 2017. The SFEP programme is an integral part of a broader national policy to facilitate greater access to financial services and to improve the financial literacy and awareness of the citizens of Jamaica. Since its inception, the programme has made a positive impact on the lives of over 1500 students across the island. The curriculum will continue to develop students’ money management skills, introduce concepts in personal finance and promote responsible credit management.
The programme culminated with an Awards Luncheon on Thursday, 30 March 2017 in commemoration of Global Money Week 2017.
The programme included five weekly after-school sessions, an educational tour which brought the students together for a formal tour of the offices of the Financial Services Commission, the Jamaica Stock Exchange and the Bank of Jamaica Money Museum. The subject areas presented to the students during the programme included planning to earn, saving for life, budgeting, credit choices and being a savvy consumer. These lessons provided a strong foundation which was further reinforced by essay, logo and video competitions, which offered an avenue for the students to demonstrate their improved understanding of the subject areas through research and practical hands-on projects.
2016 Jamaica Money Week
LEADING ORGANISATION:
- Financial Services Commission
PARTICIPATING ORGANISATIONS:
- Junior Achievement
- Bank of Jamaica (BOJ)
- Jamaica Stock Exchange (JSE)
- Creditinfor
- Jamaica Limited
DATE OF THE EVENT:
- 14th - 20th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 300
The Financial Services Commission (FSC) led the GMW 2016 celebrations in Jamaica this year. The FSC’s Schools Financial Education Programme (SFEP) was rolled out in 10 high schools across Jamaica, featuring a curriculum which teaches students about money management skills, concepts in personal finance and responsible credit management. The SFEP is an integral part of a broader national policy to facilitate greater access to financial services and to improve the financial literacy and awareness of all of the citizens of Jamaica, including youth. Since its inception in 2011, the programme has made a positive impact on the lives of over 1200 students across the island.
This programme is specifically designed to deliver knowledge that translates into greater financial inclusion for the next generation of Jamaicans, to equip them with the necessary tools to make sound financial decisions for their future as adults, parents and leaders in Jamaica’s economy. The programme is in keeping with the decision by the Ministry of Education to incorporate financial education into the school’s curriculum.
The targeted participants of the programme are students of at least twelve years of age, who are motivated and capable of comprehending the programme material. The programme itself is delivered over a six-week period between January and March each year to allow the closing of the programme to coincide with Global Money Week. The high schools represented this year were: Ardenne, Glenmuir, Black River, Denbigh, Mannings, Ascot, William Knibb, Papine, York Castle and St Jago. While 300 students were direct beneficiaries of the 2016 programme, the potential beneficiaries cover a much wider group, including the students’ peers at the participating high schools, their families and their communities.
Students from the 10 high schools involved in SFEP were taken on a tour of the offices of the FSC, the Jamaica Stock Exchange and the Bank of Jamaica. Students were also taken to the Money Museum where they were exposed to presentations on the work of the respective institutions and provided with a formal lunch. The programme culminated with a closing event on 15 March, called the SFEP Awards Luncheon & Mentorship Initiative, where outstanding students were recognized and all students became introduced to mentors from the business community.
2015 Jamaica Money Week
PARTICIPANTS:
- Financial Services Commission of Jamaica, Bank of Jamaica (BOJ), Jamaica Cooperative Credit Union League (JCCCUL), Jamaica Stock Exchange (JSE), Credit Info Jamaica (CIJ), Jamaica Deposit Insurance Corporation (JDIC)
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 242
During Global Money Week, the Financial Services Commission of Jamaica (FSC) took school children to visit the Central Bank’s Money Museum. Children had lots of fun learning about their country’s currency.
Global Money Week celebrations also served as a special occasion to take count of and celebrate the many achievements of Jamaica’s Schools’ Financial Education Programme. The programme is run by the Financial Services Commission (FSC) to build a financially educated society in Jamaica. The programme is being conducted in eight Jamaican high schools in 2015 for students who are twelve years and above. This financial education programme is delivered over a six-week period during the January to April school-term each year. This year the high schools that are participating in the programme are: Ardenne, Glenmuir, Black River, Denbigh, Mannings, Ascott, William Knibb, and St Jago.
While 240 students are the immediate beneficiaries of the programme, the potential beneficiaries cover a much wider group, including the students’ peers in the participating high schools, their families and communities. The programme is being undertaken with the assistance and partnership of: the Bank of Jamaica (BOJ), the Jamaica Cooperative Credit Union League (JCCCUL), the Jamaica Stock Exchange (JSE), Credit Info Jamaica (CIJ), and the Jamaica Deposit Insurance Corporation (JDIC). The expectation is that their participation will allow the country to leverage resources to ensure that a financial education programme of the highest quality is delivered to students and young people.
In addition, other activities like financial education modules, educational tours to the central bank and other financial institutions, an essay competition, and a logo competition were also conducted.
2014 Jamaica Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 10th – 14th of March
NUMBER OF CHILDREN REACHED:
- 270
The Financial Services Commission of Jamaica (FSC) took school children to visit the Central Bank Money Museum. The kids had fun learning about their country’s currency. The tour was planned as a continuation of the FSC’s events which were aimed at making financial literacy fun. As part of their initiatives to increase economic citizenship education amongst children and youth in Jamaica, FSC has been working in different schools around Kingston delivering modules on financial education. An example of a module presented during Global Money Week wasthe 4th financial literacy module on credit choices which was taught to students at Glenmuir High School.
Children and youth from different schools across the island visited the Central Bank’s Money Museum. The Executive Director of FSC joined the children and youth in this educative experience by welcoming them with a speech on the importance of financial education.
