2024 Costa Rica Global Money Week
GMW NATIONAL COORDINATOR:
-
National Council for Supervision of the Financial System (Conassif)
PARTICIPATING ORGANISATIONS:
- National Council for Supervision of the Financial System (Conassif), General Superintendence of Financial Entities (Sugef), General Superintendence of Securities (Sugeval), Pension Superintendence (Supen), General Insurance Superintendence (Sugese), Financial Consumer Office (OCF), Museums of the Central Bank of Costa Rica, ULACIT University, Scientific College of Costa Rica, San Pedro Headquarters, Buenaventura Corrales School
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 10
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 250
NUMBER OF ADULTS REACHED DIRECTLY:
- 100
Throughout the week, various activities were organised for students in Costa Rica, including a play produced by the Office of the Financial Consumer (OFC).
Three talks were conducted by Conassif and the financial Superintendencies for ULACIT university students. These talks, one in person and two virtual, covered topics such as the functioning of financial entities, the stock market, the pension sector, and the insurance sector.
Moreover, third and fourth grade students from Buenaventura Corrales School in San José participated in workshops highlighting the importance of saving. This included a visit to the "Piggy Banks and Treasures" exhibition at the Museo del Banco Central de Costa Rica and a practical exercise where students painted their own piggy banks to save money throughout the year for specific personal or family goals.
2023 Costa Rica Global Money Week
GMW NATIONAL COORDINATOR:
- Conassif - Financial Superintendencies
PARTICIPATING ORGANISATIONS:
- National Supervision Council of the Financial System (Conassif); Superintendency of Financial Entities (Sugef); General Securities Superintendency (Sugeval); General Superintendency of Pensions (Supen); General Superintendency of Insurance (Sugese)
Central Bank Museum; Altamoravia Preschool; Creston School; Costa Rican Technological University (TEC)
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 9
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 230
NUMBER OF ADULTS REACHED DIRECTLY:
- 500
NUMBER OF PEOPLE REACHED INDIRECTLY:
- Not reported
Throughout the week, GMW partners in Costa Rica carried out face-to-face and virtual talks to students from the Technological University (Limón campus) on the functioning of the financial market, securities, pensions, and insurance; organised workshops for fifth-grade school children on the importance of saving, included a visit to the "Piggy Banks and Treasures" exhibition, as well as a practical exercise of painting their little pig to save throughout the year for a specific personal or family goal; implemented savings activities for preschool children, where children made a little pig with recyclable materials.
2022 Costa Rica Global Money Week
GMW NATIONAL COORDINATOR:
- National Council for Supervision of the Financial System (Conassif) and those four superintendencies, namely: SUGEF (for financial intermediaries), SUGESE (for insurances), SUPEN (for pensions) and SUGEVAL (for securities), Ministry of Economy, Industry and Commerce (MEIC) and Financial Consumer Office
PARTICIPATING ORGANISATIONS:
- Technological University of Costa Rica (TEC)
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 8
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 150
NUMBER OF ADULTS REACHED DIRECTLY:
- 800
NUMBER OF PEOPLE REACHED INDIRECTLY:
- Not reported
For Global Money Week 2022, a concerted effort was made by the National Council for the Supervision of the Financial System (Conassif) and the four financial superintendencies: SUGEF (for financial intermediaries), SUGEVAL (for securities), SUPEN (for pensions) and SUGESE (for insurances), which was coordinated jointly with the Ministry of Economy, Industry and Commerce (MEIC), the Financial Consumer Office (OCF) and the Technological Institute of Costa Rica (TEC).
Three webinars were held for 150 university students and teachers as well as the general public through Facebook, Twitter and LinkedIn. The topics developed were “Use of credit cards”, “Savings and budget” and “How to save and not die trying.”
2015 Costa Rica Global Money Week
LEADING ORGANISATIONS:
- El Consejo Nacional de Supervisión del Sistema Financiero (CONASSIF) Superintendencia General de Valores (SUGEVAL)
- Superintendencia de Pensiones (SUPEN)
- Superintendencia General de Seguros (SUGESE)
- Superintendencia General de Entidades Financieras (SUGEF)
PARTICIPATING ORGANISATIONS:
- Central Bank of Costa Rica
- Ministry of Education of Costa Rica
- Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 250
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 250
GMW in Costa Rica was officially celebrated by the National Strategy for Financial Education (ENEF). ENEF is a concerted effort by the four supervisory authorities of the financial system – SUGEVAL, SUPEN, SUGESE and SUGEF – in Costa Rica. The Ministry of Education, the Central Bank, the Banking Association and various NGOs came together to spread the message of the importance of financial education to Costa Rican children.
More than 30 organisations, including the Ministry of Education, the Central Bank, the Banking Association and various NGOs, joined the GMW 2015 celebrations.
The activities were conducted under the leadership of the National Council of Supervision of the Financial System (CONASSIF), organisation that is in charge of advancing the ENEF. During the celebrations, the institutions visited two schools in the Capital. Activities such as games and talks with high-level authorities of the participating institutions were organised. Discussions focused on the importance of savings for a balanced life, responsible use of money, and saving as a family activity.
2014 Costa Rica Global Money Week
LEADING ORGANISATIONS:
- El Consejo Nacional de Supervisión del Sistema Financiero (CONASSIF)
- Superintendencia General de Valores (SUGEVAL)
- Superintendencia de Pensiones (SUPEN)
- Superintendencia General de Seguros (SUGESE)
- Superintendencia General de Entidades Financieras (SUGEF)
PARTICIPATING ORGANISATIONS:
- Ministry of Education
- Banco Central de Costa Rica
- National Strategy for Financial Education
- Banking Association
- Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 300
NUMBER OF CHILDREN REACHED INDIRECTLY:
300
Efforts in Costa Rica are framed by the work that the 4 supervisory authorities of the financial system (SUGEVAL, SUPEN, SUGESE and SUGEF) have undertaking towards the concretion of the National Strategy for Financial Education. The Ministry of Education, the Central Bank, the Banking Association and various NGOs collaborated to bring financial education fun to Costa Rican children during GMW 2014.
National Council of Supervision of the Financial System (CONASSIF) members visited children and youth in schools to talk about the importance of financial education for children and youth. They entertained and educated the students with stories highlighting the positive benefits of well-planned financial behaviour.
2013 Costa Rica Global Money Week
LEADING ORGANISATIONS:
- Central Bank Costa Rica
PARTICIPATING ORGANISATIONS:
- Paniamor
- Superintendencia General Entidades Financieras
- Cámara de Bancos e Instituciones Financieras de Costa Rica
- Sugeval, Ministry of Education Costa Rica
- Superintendencia General de Sequros
NUMBER OF CHILDREN REACHED DIRECTLY:
- 3000
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 3000
A diversity of Costa Rican institutions carried out activities to celebrate the Global Money Week, performing a number of activities.
The Central Bank of Costa Rica welcomed students from primary and secondary education from private and public schools in the capital city. Among the activities the students enjoyed were financial education and motivational workshops, where they had the opportunity to discover firsthand the new family of notes and coins of Costa Rica. They also played the Banking Association’s game on financial education called “Young Bankers.”
Additionally, they received a guided tour around the Money Museum in an exciting trip to learn antique coins and the history of the Costa Rican Central Bank.
The Authorities were to be very pleased with the results and hope to begin coordination activities from the middle of next month to continue the effort and integrate education and outreach strategies for greater national coverage.