2023 Paraguay Global Money Week

GMW NATIONAL COORDINATOR:

• Comision Nacional de Valores

PARTICIPATING ORGANISATIONS:

• Comisión Nacional de Valores de Paraguay, Bolsa de Valores de Asunción, Investor Casa de Bolsa, Caja de Valores del Paraguay, FIX SCR, Regional Casa de Bolsa, Comision Nacional del Mercado de Valores de España, Fundación Paraguaya, Junior Achievement, Más Money Plataforma de Bienestar Financiero, Universidad Paraguayo-Alemana, Cámara Paraguaya de Fintech, NINT Group, Comisión Nacional de Valores de Argentina, Mesa de Finanzas Sostenibles, Universidad Americana, Universidad del Cono Sur de las Américas, Fundación AMCHAM, Rotaract, Universidad Católica de Asunción (sede Guairá - Villarrica).

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 20

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 1 490

NUMBER OF ADULTS REACHED DIRECTLY:

• 1 213

NUMBER OF PEOPLE REACHED INDIRECTLY:

• Not reported

The Comisión Nacional de Valores of Paraguay (CNV) participated in the Global Money Week 2023 (GMW) by organising 20 conference talks for the general public both online and in-person. Representatives of the financial sector, NGOs, universities, civil society organisations were invited as lecturers. In addition, separate in-person and hybrid lectures on different topics related to finance and money were co-organised by three universities and two NGOs. All attendees received a participation certificate. Presentations made during the event are already publicly available at CNV’s website: https://www.cnv.gov.py/?page_id=5008

2022 Paraguay Global Money Week

GMW NATIONAL COORDINATOR:

• Comision Nacional de Valores

PARTICIPATING ORGANISATIONS:

• Fundación Capital, Itau Asset Management, Bolsa de Valores de Asunción, Regional Casa de Bolsa, World Wildlife Fund, United Nations Development Programme, Principles for Responsible Investment, Development Bank of Latin America, LUFINDO, Cámara Paraguaya de Fintech, United Nations Organisation, Alliance for Financial Inclusion, Fundación Paraguaya, FINDO, SMEs Federation

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 16

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 831

NUMBER OF ADULTS REACHED DIRECTLY:

• 690

NUMBER OF PEOPLE REACHED INDIRECTLY:

• Not reported

The Comisión Nacional de Valores of Paraguay (CNV) participated in Global Money Week 2022 by organising 15 online open free-of-charge conferences including 20-minute talks to the public. Several stakeholders from the financial sector, cooperation agencies and civil society were invited as lecturers. Each of them presented on a topic related to money, finance, financial education and inclusion, investor protection, while also highlighting important information within their own fields of expertise.

The first series of virtual talks took place on March 21 and was attended by 409 participants. Three conferences took place, with representatives of a brokerage house, the stock exchange and an investment management firm heading discussions about how to invest safely in the Paraguayan stock market.

The second series of virtual talks took place on day two of GMW, hosting 319 participants. Three conferences took place, with representatives of prestigious international organisations and a FinTech education platform presenting about financial education.

On March 23, 285 participants took part in the third series of virtual talks. Three conferences took place with representatives of foundations and prestigious international organisations speaking about financial education.

The fourth series of talks took place on March 24. 260 attendees took part in these conferences where representatives of industry associations and a FinTech company shared thoughts about financial technologies (FinTech).

Lastly, the fifth series of talks took place on March 25 and had 248 participants. Representatives of prestigious international organisations gave speeches on various topics involving sustainable finance.

In addition, Q&A sessions were included at the end of every series of talks. CNV made it clear to participants that further comments or questions about the event and its contents could be done via email and social media. Presentations made during the event were published at CNV’s website here. All attendees received a certificate of participation of GMW2022.

2021 Paraguay Global Money Week

GMW NATIONAL COORDINATOR:

• National Securities Commission of Paraguay (Comision Nacional de Valores of Paraguay - CNV)

PARTICIPATING ORGANISATIONS:

• Ministerio de Hacienda, Fundación Capital, Itaú Invest, Bolsa de Valores y Productos de Asunción S.A., Regional Casa de Bolsa, Universidad Americana, World Wildlife Fund, United Nations Development Programme, Cámara Paraguaya de Fintech, Universidad Paraguayo-Alemana, Freie Universität Berlin, Frontclear, Fundación Paraguaya, Solventa S.A., Fundación Cámara de Comercio Paraguayo Americana- Fundación AMCHAM, Fundación Capital, Ministerio de la Niñez y la Adolescencia (MINNA) - Centro Pedagógico Ñemity

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 16

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 1,856

NUMBER OF ADULTS REACHED DIRECTLY:

• 1,193

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 4,406

The Comisión Nacional de Valores of Paraguay (CNV) participated in Global Money Week 2021 by organising 15 open free-of-charge conference talks for the general public. Several stakeholders from the financial sector, cooperation agencies, government, academia and civil society were invited as lecturers for these 20-minute talks followed by Q&A sessions on social media. Most sessions focused on topics related to money and finances, including financial education or inclusion and investor protection, while also highlighting information from their own fields of expertise.

About 345 people participated in the first day of the talks on March 22nd. The Secretary Executive of the Comité Nacional de Inclusión Financiera (CNIF) and the Project Manager of Fundación Capital spoke about financial inclusion in Paraguay.

The second series of virtual talks was held on March 23rd with 424 participants attending. Four sessions took place with participation of representatives of Asunción’s Stock Exchange (BVPASA), Itaú Invest and Regional Brokerage House. They shared best practices on investing safely in the stock market.

The third day of the event had 333 participants and included three sessions. On March 24th, representatives of Universidad Americana, World Wildlife Fund (WWF) and the United Nations Development Programme (UNDP) discussed sustainable finance.

The fourth day of talks took place on March 25thwith discussions focused on financial technologies (FinTech). Talks were led by representatives from the Universidad Paraguayo-Alemana and the Paraguayan FinTech Chamber.

Lastly, the fifth series of talks took place on March 26th and was about the importance of credit ratings, money markets, financial safety nets and proper money handling. Sessions were led by representatives of Freie Universität Berlin, Frontclear, Fundación Paraguaya and Solventa S.A.

All presentations are published on the CNV’s website here.

Since 2014, the Paraguayan American Chamber of Commerce Foundation (AMCHAM) takes part in the Global Money Week celebrations. This year, the Campaign programme included talks, digital campaigns and other activities. Within the framework of Global Money Week 2021, the AMCHAM Foundation organised a free webinar via Zoom and Facebook Live about “The art of managing money well: a perspective from different sectors.” The activity featured many professionals and was moderated by an economist from the AMCHAM Foundation. In addition, tips on financial education were shared on social networks such as Facebook, Instagram and Twitter with the key recommendations shared by the experts during the webinar.

To celebrate GMW2021, Fundación Capital implemented an initiative to promote the participation, leadership and economic opportunities of vulnerable young people. Linked to the theme of GMW2021 "Take care of yourself, take care of your money," many activities were developed on topics related to socio-emotional skills such as self-esteem, resilience and leadership of young people, and their relationship with money management and entrepreneurship opportunities. The activities were carried out at the Ñemity Pedagogical Centre, in the city of San Lorenzo, managed by the Ministry of Children and Adolescents, an allied institution of Fundación Capital.

2019 Paraguay Global Money Week

LEADING ORGANISATIONS:

• Central Bank of Paraguay
• Fundación Cámara de Comercio Paraguayo Americana (Fundación AMCHAM)
• Fundación Paraguaya

PARTICIPATING ORGANISATIONS:

• 1 Stock Exchange, 85 Schools, Bancard, Banco Itaú Paraguay S.A., Bcp, Citi Paraguay, Equifax Paraguay S.A., Fecopar (Federación De Cooperativas Del Paraguay), Financiera El Comercio, Tigo, Vision Banco S.A.E.C.A

NUMBER OF CHILDREN REACHED DIRECTLY:

• 11 003

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 35 312

Central Bank of Paraguay
The Central Bank of Paraguay, together with its many partners, organised a Financial Fair for children and youth of the country. Furthermore, activities organised included in classroom talks on savings and personal finances. Additionally, tips on financial education were given and visits to the stock exchange and financial institutions were organised. All events were shared on social media.

Fundación Paraguaya
For Global Money Week 2019, Fundación Paraguaya conducted dynamic workshops for children and youth. The workshop consisted of four questions and each group was assigned one question at a time. All questions covered topics such as savings and financial education. The workshops ended with financial advice being offered to the youth.

Fundación Cámara de Comercio Paraguayo Americana (Fundación AMCHAM)
GMW2019 began with a talk on “Let’s talk about savings” for the students of the Japanese School of Paraguay. A visit to the Stock Exchange of Asuncion was organised for the students from “Nuestra Señora de la Asunción”, and the students learnt how the stock exchange operates in the country. Additionally, a talk was conducted on the GMW2019 theme “Learn.Save.Earn.” for students. Various activities were planned during the Week, including the design a Savings Plan. The aim was to develop savings habits in the students. Furthermore, a talk was held at the National Business School on the topic “Learning to save”. This was targeted at the youth, teaching them the concepts of saving and simple financial planning. Other talks organised were on topics such as the importance of saving and financial wellbeing.

2018 Paraguay Global Money Week

LEADING ORGANISATIONS:

• AMCHAM Foundation
• Central Bank of Paraguay
• Fundación Paraguaya

PARTICIPATING ORGANISATIONS:

• Bancard, Citi Paraguay, Cooperativa Medalla Milagrosa, Credicentro, Equifax, Financiera el Comercio, Financiera el Comercio (FIELCO), Itaú Bank, National Consumers Protection Agency (SEDECO), Principios de Vida Foundation, TIGO Money

NUMBER OF CHILDREN REACHED DIRECTLY:

• 8 986

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 334 035

Central Bank of Paraguay
The Global Money Week 2018 was launched at the Central Bank of Paraguay in the presence of children, public authorities, and executives from banks, cooperatives and insurance companies. This was done during the previously existing Economic and Financial Education Fair from the Central Bank. The fair received more than 700 students between 8 and 15 years old from 30 schools from Asunción. The fair was launched by the Board of the Central Bank, authorities from the Education and Sciences Ministry, the National Financial Inclusion Strategy, the Superintendent of Banks and the Superintendent of Insurance. SEDECO, the National Consumers Protection Agency, participated, distributing information and tips on financial protection. These organisations are engaged in the development of activities, which will lead to a better understanding of the use of money by children and youth. During the National Financial Education Campaign called Mas Vale Saber – Educación de Bolsillo (More Worth Knowing – Pocket Education) participating organisations distributed booklets with information related to how to control expenditures, how to prepare a budget, how to avoid over indebtedness, and the importance of insurance. The National Strategy organised in the Central Bank together with FUNDACIÓN PRINCIPIOS DE VIDA a conference about how to come out of debt. This was given by the internationally known Andres Panasiuk. Social network played an important role again during GMW 2018. These organisations published their activities daily on their web pages and gave recommendations on how to make better use financial instruments and money. This is the reason the Central Bank reached 200 thousand people, hoping to ignite the interest of children and youth on topics related to economics, finance, and money. Children carried out activities related to the GMW 2018 in schools. Organisations gave more than 20 conferences and talks, concentrating on the importance of insurance. Working together Fundacion Paraguay, Financiera El Commercio and Tigo carried out a special project, where the main objective was to provide saving accounts for more than 700 hundred indigenous families from the community of Cerrito, Chaco, which participated in the Poverty Stoplight Programme. This is very special because the saving accounts can be accessed remotely through mobile phones solving the problem of access. The implementation was in the framework of the GMW 2018. Tigo registered and opened the accounts, providing a small seed capital, and gave trainings for leaders of this community that started saving immediately. Bancard distributed financial education materials in its headquarters and branches. ITAU, visited schools with games and activities related to finance and economics. They also organised conferences in their branches about expenditures, savings, and budgeting. Fundación Amcham gave trainings to firms, universities and schools. The Cooperative Medalla organised working days on financial inclusion for children and youth. In the workshops, they could play and learn about finance and money. They received training on savings and on the value of money. Finally, Medalla organised a GMW selfie contest. The National Financial Education Campaign – Mas Vale Saber closed with a “Financial Kermesse” in the city center of Asunción. More than 20 financial organisations participated reaching thousands of citizens.

AMCHAM Foundation
In light of Global Money Week, the AMCHAM Foundation trained two volunteers from the company Credicentro to give talks about saving at schools in Asunción and Gran Asunción. During Global Money Week, the volunteers from Credicentro, with the support of the Foundation, gave talks about savings at the schools Bernardino Caballero in the city of Mariano Roque Alonso, and Colegio Nacional Dahlquist, María Auxiliadora y Perpetuo Socorro in the city of Asunción. During these talks the students were able to learn about the importance of saving, its uses, types and forms. They were also given a piggy bank to begin saving. The AMCHAM Foundation also produced two training programs in personal finance for functionaries and collaborators of Citibank Paraguay. These training programs provided practical exercises on financial planning, saving and budgeting.

Fundación Paraguaya
Fundación Paraguaya, Equifax and Banco Itaú made Global Money Week possible in Paraguay. From March 12 to 18, activities began in the educational institutions that were part of the 2018 Global Money Week. These activities were took place in 33 schools distributed across 17 locations in 7 departments of the country, and reached 6,036 participants. The activities of Global Money Week were coordinated by the teaching staff of each institution in conjunction with Fundación Paraguaya trainers. The implementation methodology was guided through an implementation guide which served as a standard model for all institutions to channel the same lexicon for the theme of Global Money Week. Activities such as lectures and courses were held mainly for students of public schools and colleges. This was done with the aim of enabling them to enter the financial ecosystem in an informed way early on. Thanks to working groups, tips for saving were provided, as were explanations of the difference between needs and luxuries, how to be an intelligent consumer, and more. The closing ceremony took place on Saturday, March 17, on the Costanera de Asunción. Raffle prizes and leaflets on savings were given out.

2017 Paraguay Global Money Week

LEADING ORGANISATION:

• BANCO CENTRAL DEL PARAGUAY (Central Bank Of Paraguay)

PARTICIPATING ORGANISATIONS:

• AMCHAM
• BANCARD
• BANCO ITAÚ PARAGUAY S.A.
• CITI PARAGUAY
• COOPERATIVA MEDALLA MILAGROSA
• EQUIFAX PARAGUAY S.A.
• FECOPAR (Federación de Cooperativas del Paraguay)
• FINANCIERA EL COMERCIO
• FUNDACIÓN PARAGUAYA
• LA CONSOLIDADA
• TIGO
• VISION BANCO S.A.E.C.A
• CITI PARAGUAY
• PERSONAL

NUMBER OF CHILDREN REACHED DIRECTLY:

• 33 574

NUMBER OF CHILDREN REACHED INDIRECTLY:

• 120 000

The opening of Global Money Week 2017 was held at the Central Bank of Paraguay, with participation of both private sector institutions and civil society organisations involved in the celebrations. About 200 children aged between 8 and 15 from different schools across the country took part in the event, and further activities were aimed at improving the understanding of the use of money by children and young people.

As part of their visit to the Museum of Jewelry and Numismatics, youth participants learnt about the history of money in Paraguay and participated in talks about the use of money and its importance. Additionally, as part of GMW 2017, the Central Bank of Paraguay launched seven educational videos that were published by social networks and media sources.

During the Week, 14 private organisations joined the Central Bank of Paraguay to support the initiative. These organisations included Fundación Paraguaya, Fundación AMCHAM, Bancard, Banco Itaú, Banco Visión, Citi, Equifax Paraguay, Cooperativa Medalla Milagrosa, the Consolidated Insurance Company, the Electronic Payment Media Companies, Personal, Tigo, the Federation of Cooperatives of Paraguay (FECOPAR) and Challenger. Social media platforms were key to sharing activities throughout GMW as these organisations published their activities online, giving advice on proper money management through their various online channels. As a result, more people were reached as part of the various efforts to raise awareness about personal finances and money matters affecting children and youth.

The organisations also conducted trainings in financial education for schools, as well as for public, throughout the country. In addition, representatives from the participating organisations accompanied school students to the Central Bank of Paraguay to take part in the closing event of Global Money Week 2017.

The National Financial Education Strategy carried out a National Campaign for Financial Education, “Más Vale Saber – Educación de Bolsillo” (More Worth Knowing – Pocket Education), as part of GMW 2017 in Paraguay. The government declared financial education to be an objective of national interest through a Presidential Decree. Educational talks were organised in five cities: Encarnación, Ciudad del Este, Coronel Oviedo, Santaní and Paraguarí, and were attended by around 1000 people. Officials of the Central Bank of Paraguay, the Ministry of Finance, the Technical Secretariat for Planning and Development, the Cooperative Institute, and the Secretariat for Consumer Protection gave talks on credit and entrepreneurship. The closing of the campaign took place in Asuncion and was attended by 200 young people.

As part of the National Campaign, a website was created and 22,700 guidebooks were delivered with basic information on finance. The campaign focused on providing adequate information regarding personal finance, diminishing myths related to rights and responsibilities, contract services and financial products, what can be done with PINs (personal identification numbers), ATMs, budgeting, saving and financing.

Helpful materials were also created for GMW 2017 participants in Paraguay including educational guides on a range of topics. These guidelines were prepared for three age groups: children (6-15), youth (18-25) and adults (25-30). The materials help teachers, volunteers and other trainers to develop lectures based on specific financial themes.

Additionally, for the second consecutive year, a Regional Rally was organised in Latin America. Organisations, associations, financial institutions, regulators and museums came together in Latin America to provide a competition via twitter, in which youngsters from Argentina, Chile, Colombia, Mexico, Paraguay and Venezuela received clues and questions which they had to complete in the shortest possible time to qualify for a prize. During the Regional Rally, young people learnt about money matters in a unique and interactive way.

More information about the GMW 2017 activities in Paraguay can be seen here:

http://www.masvalesaber.edu.py/apoyan

2016 Paraguay Money Week

LEADING ORGANISATION:

• Central Bank of Paraguay

PARTICIPATING ORGANISATIONS:

• Fundación Paraguaya
• Fundación AMCHAM

DATE OF THE EVENT:

• 14th - 19th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

• 50 000

TOTAL INDIRECT REACHED:

• 32 000

Paraguay was one of the pioneering countries in the implementation of the Global Money Week 2016 Regional Rally. The rally was a regional activity coordinated by CYFI’s International Secretariat with the support of their collaborators and allied institutions at the regional level. This activity aimed to connect various entities and countries in celebration of Global Money Week 2016. This year, the rally saw the participation of 12 organisations from seven countries throughout the region, including Paraguay.

Global Money Week celebrations in Paraguay were launched with a press conference attended by high-level authorities of each of the participating organisations and more than 180 youth. During the press conference, the participating organisations will presented details of the events and their plans to celebrate Global Money Week 2016 in Paraguay.

The Central Bank, the leading organisation of the GMW initiative in Paraguay, launched the 2nd Edition of the Central Bank’s contest, in which youth from the last grade of high school presented diverse projects related to the work of the Central Bank. The activities at the Central Bank of Paraguay included a workshop on the history of money in Paraguay and of money from around the world. The implementing partners also organised similar workshops, visits to schools, a national youth assembly, radio spots and campaigns. During the closing ceremony, implementing partners celebrated with photo contests.

Other Global Money Week activities in the country included visits to schools, participation of youth in each of the Global Money Week challenges as well as television and radio programs.

2015 Paraguay Money Week

PARTICIPANTS:

• Banco Central de Paraguay, Ministerio de Educación y Cultura de Paraguay, Fundación Paraguaya, Fundación Cámara de Comercio Paraguayo-Americana (AMCHAM), Junior Achievement - Paraguay, Youth Ambassadors Programme

DATE OF THE EVENT:

• 9th - 17th of March

NUMBER OF CHILDREN REACHED:

• 21 101

Global Money Week in Paraguay was celebrated by a congregation of organisations who are committed to the cause of financial education and inclusion and to further the impact of Child and Youth Finance International’s Movement. As has been the tradition, the celebrations this year were launched with a press conference attended by high-level authorities of each of the participating organisations. During the press conference, the participant organisations presented the details of the events that they had planned to celebrate Global Money Week 2015 in Paraguay.

Fundación Paraguaya tapped its network of young volunteers to spread awareness about financial education and financial inclusion to schools around the country. While Fundación AMCHAM participated by organising a series of lectures and a youth assembly. Fundación AMCHAM also participated of several TV and radio spots to spread the message of Global Money Week. Additionally, 27 trainers graduated from Fundación AMCHAM’s “Plan Transitorio Área Ciencias Sociales” programme. These trainers will become ambassadors creating awareness and delivering economic citizenship education in the schools.

This year, the programme Youth Ambassador, a programme sponsored by the Department of State of the United States of America took part of the celebrations of Global Money Week in Paraguay. The Youth Ambassadors Programme brings together high school students and adult mentors from countries across the Americas to promote mutual understanding, increase leadership skills, and prepare youth to make a difference in their communities.

The implementing partners also organised similar workshops, visits to schools, a national youth assembly, radio spots, and campaigns. During the closing ceremony, the Central Bank of Paraguay launched newly developed financial education materials, which will be distributed in schools all around the country.

2014 Paraguay Money Week

PARTICIPANTS:

• Fundación Paraguaya
• Central Bank of Paraguay
• Foundation of the Paraguayan – American Chamber of Commerce
• Ministry of Education

DATE OF THE EVENT:

• 10th – 17th of March

NUMBER OF CHILDREN REACHED:

• 9 800

PRESS:

• www.youtube.com
• www.lanacion.com.py

 A press conference was held in Paraguay to profile national efforts to increase financial inclusion and education for children and youth. Global Money Week was the main topic during a 1 hour television programme broadcast on Guaraní TV, one of the most widely watched television stations in the country. Activities which were organised during the week included a financial education workshop that inspired children and youth to begin practicing positive habits regarding savings, resources management and give them the necessary tools to develop financial skills.

Activities were carried out in schools in different areas of the country with the aim of creating awareness about savings, and what else the youth can save apart from money (e.g. water) and how that generates a positive economic impact.

A youth forum was organised for children and youth to share their financial experiences and discuss entrepreneur projects. This activity encourages children and youth from different cities and communities to play, share, and learn about the importance of savings and how they are never too young to be an entrepreneur. They created a forum for children in the city of San Lorenzo. 120 teachers from across the country were involved in financial education workshops so. The estimate number of children that they will teach their newly learnt financial education curricula to is 2500 children and youth by the end of this year.

The Paraguayan Ministry of Finance (MF) presented to self-employed women and young entrepreneurs on how to incorporate innovation into their respective enterprises. Their goal was to encourage them to not only be business entrepreneurs but social entrepreneurs. They encouraged the youth to discover their passion and to generate positive impact in their communities. This will not only aid them personally but will generate new jobs in their communities.

The Central Bank of Paraguay held an activity that closed a week full of joyful learning. A board member of the Central Bank of Paraguay, gave a talk to the young students that participated in the closing as a way of summarizing the lessons learnt throughout the week. These youth then had the opportunity to tour the Numismatica museum of the Central Bank of Paraguay where they received an interactive lecture on the history of money.

Learn more:

www.fundacionparaguaya.org.py
www.lanacion.com.py

2013 Paraguay Money Week

NAME OF THE ORGANIZATING ENTITIES:

• Central Bank of Paraguay; Financiera el Comercio; Fundación Paraguaya; Ministry of Education and Culture

DATE OF THE EVENT:

• 15th – 21st of March

NUMBER OF CHILDREN REACHED!

• 8 940

Global Money Week in Paraguay was celebrated with awareness campaigns on financial inclusion of children and adolescents. Global Money Week was also highlighted on CYFI partner’s facebook pages, reaching thousands of children and youth all over the country.

To further financial knowledge of children, talks on money, savings and related topics were offered to children and youth as well as entrepreneurship fairs, workshops and bake sells.

Global Money Week also saw the launch of Junior Achievement programs on financial education in schools of the metropolitan area.