2017 El Salvador Global Money Week
- Leading Organizations:
- Banco Central de Reserva de El Salvador
- Defensoría del Consumidor
- Instituto de Garantia de Depósitos
- Ministerio de Educación
- Superintendencia del Sistema Financiero
- Banco de Desarrollo de El Salvador
- Participating Organizations:
Asociación Bancaria Salvadoreña ABANSA, Asociacion Salvadoreña de Empresas de Seguros (ASES), Sparkassenstiftung Für Internationale Kooperation – El Salvador, Plan Internacional – El Salvador, Universidad Dr. José Matías Delgado, Banco Azteca El Salvador, S.A., Banco de América Central, Banco Agricola, Banco de Fomento Agropecuario, Integral Sociedad de Ahorro y Crédit, Banco Azteca, Banco Hipotecario, Fundación Sparkassenstifung für internacionales Kooperation, Universidad El Salvador, Instituto Francisco Morazán, Instituto Nacional San Juan Opico, Instituto Nacional el Coyolito, Tejutla, Instituto Nacional de Agilares
The Central Bank of El Salvador will be using its Financial Education Program during GMW, along with strategic partners such as Financial Institutions, Universities, NGOs and Colleges, to reach a total of 3,100 children, young people and adults via conferences, magic games, visits to financial institutions, visits to the Money Museum and social network communication campaigns. This year, students from 7 schools will participate in the Best Piggy Bank challenge, which will foster their creativity as well as the promotion of savings.
The inauguration and closing events, which are the ones that generate the greatest impact, will be carried out in the country’s interior, where the greatest challenges are presented in terms of financial education and population financial capacities.
The financial fairs will be held at opening and closing events, in which there will be participation of financial institutions; this will allow young people to have an approach and to interact with them.
On the other end the Superintendency of Financial System in El Salvador joins GMW with its Financial Education program, carrying out different activities in schools and universities in the country.
Approximately 1,330 children and young people will benefit of the activities of Global Money Week 2017; they will become familiar with the importance of saving, financial independence, the correct use of credit and credit card and so on.
Among the activities scheduled, there is the visit of the economics and business students to the facilities of the Superintendency, so that they will become familiar with the work of the institution in the financial field. The young people will take a tour of the areas of supervision to have a clear vision of the work that each one of them performs.
The inauguration and closing events of GMW will be attended by the Superintendent, Eng. José Ricardo Perdomo, who will give a speech to the students making them see the importance of financial education for a successful future.
Banco Azteca during Global Money Week
In El Salvador, the following activities will be carried ou by Banco Azteca: At the José Simeón Cañas National Institute, for young people in high school, the workshop "Cómo empezar a ahorrar, sin morir en el intent ( Hiw start saving without failing)”, before more than 600 young people. Here they will learn the importance of saving in order to not be indebted and to start controlling over your finances.
And at Chalatenango, at Santa Gema College in Santiago de María Usulután, a Financial Fair with the contest the weakest saver will be held for more than 1000 attendees. It aims to raise awareness of different savings alternatives, how to use money in a responsible manner and it will also bring up general subject on Financial education.
We are convinced that our main objective is to inform our children and young people by generating value and habits in the development and strengthening of their financial skills. Young people are experiencing new technologies and the education processes is changing. Therefore, we have moved into their social space, through technological and methodological tools in order to contribute in setting goals to improve their quality of life and that of their environment.
Learn and grow is inclusive, we include people in indigenous communities by adapting the learning content to the mother tongues of the region. When it comes to with special abilities we include them with materials adapted according to their hearing, cognitive and neurological needs. This will be done through methodologies that provide meaningful learning and the mastering of financial information that will encourage the proper use of personal finances and decision-making from day to day
¿Cómo lo hacemos?
Banco Azteca's Financial and Business Education Program is present in 6 countries (Mexico, Peru, Guatemala, Honduras, El Salvador and Panama), adapted according to local needs by country and region, with methodologies, continuous learning and social responsibility, cooperation with public and private institutions and society in general and to the contributiong of raising the populations quality of life.
In El Salvador, more than 20,000 people have benefited from hundreds of public and private sector activities in open forums, universities, colleges, auditoriums, museums and alliances with governments, promoting the growth of the environment by making the right financial decisions.
Learn and Grow, develops training methodologies with publications in support materials, manuals and the use of information technologies, television series, events, fairs, workshops, plays and musicals, in a fun and understandable way.
This is to create a positive impact to many people at the base of the pyramid
In El Salvador, Global Money Week has been directed for 4 years by the Central Reserve Bank, with the support of other organizations that have joined this global initiative, which seeks to provide new generations with tools for a responsible use of money. Junior Achievement in El Salvador, for 40 years has developed programs of Financial Education and Business Education directed at children and young people, resulting in significant learning in the lives of participants such as: knowledge of working environment, savings, budget, smart purchase, the use of the credit giving them the opportunity to consider their own life plans based on this knowledge. Given the value of learning, JA El Salvador believes in financial education from an early age and by 2017 20,000 young people from public educational institutions receive our Financial Education program, that is why this year we join the Global Money Week, which will run from March 27 to April 2, 2017. The theme that the organizers have raised this year is: Learn. Save. Earn.
Learn: About your economic rights and responsibilities for responsible decision making. Save: Develops smart savings habits at an early age to achieve the ability to manage money for the future. Earn: Get the knowledge to earn a living through business training, so that children and young people can get a job or build their own business and develop professionally. In this framework, JA El Salvador will hold the First Congress of Financial Education for children and young people named: "Finance and Entrepreneurship"
2016 El Salvador Global Money Week
- Leading Organizations: Banco Central de Reserva Instituto de Garantía de Depósito Defensoría del Consumidor Ministerio de Educación Banco de Desarrollo de El Salvador
- Participanting Organizations: Sparkassenstiftung für international Kooperation Banco Hipotecario Banco de Fomento Agropecuario Banco ProCredit Banco Agrícola Banco Davivienda Banco Azteca Banco América Central
- Date of event: 14th - 18th of March
- Total number of children & youth engaged: 1 500
GMW 2016 was celebrated in El Salvador through a number of activities throughout national competition was held on developing savings projects, which involved a group of students from each participating institution. The top 3 places received savings accounts and additional awards. There were also presentations on the importance on building savings, and a financial education magic show. Students were also given the opportunity to prepare dramatic productions related to money matters. Financial and Entrepreneurship Fairs were also held for the youngsters.
During the week guided tours of the Library and the Luis Alfaro Durán Museum were also held for students to learn about the history of money, markets and financial responsibility.
At the close of the week, additional Financial Fairs were held, including a musical performance on the main theme of savings. Presentations on entrepreneurship and responsible consumption were given and the youngsters were able to play a number of fun interactive financial games.
2015 El Salvador Global Money Week
- Participants: Banco Central de Reserva, Superintendencia del Sistema Financiero, Instituto de Garantía de Depósito, Defensoría del Consumidor, Banco de Fomento Agrícola, Banco Hipotecario, Jóvenes en Victoria
- Date of event: 9th - 17th of March
- Number of children reached: 1 500
2015 Global Money Week was inaugurated on 9 March in El Salvador. This year’s initiatives were led by the Central Bank of Reserves of El Salvador, the Superintendent of the Financial System, the National Deposits Fund, and the Consumer Protection Bureau. Collectively these institutions are part of the Program for Financial Education in the country.
The Vice-President of the Central Bank took part in the inauguration ceremony that witnessed participation of more than 100 youth from the Instituto Salvadoreño de Superación Integral Issac Newton. They participated in a discussion on savings and a guided tour of the Central Bank.
During the week implementing partners highlighted the importance of economic citizenship and financial education to improve the quality of life of El Salvadorian children and youth.
The President, Central Bank of El Salvador, took part in the closing ceremony. He was accompanied by the Superintendent of the Financial System, the President of the Consumer Protection Bureau, and the President of the National Institute for Guarantee Funds.
2015 Global Money Week en El Salvador
- Participants: Catholic Relief Services Central Bank of Reserves Superintendence of the Financial SystemInstitute of the Deposits Consumer Protection Bureau
- Date of the event: 12th – 21st of March
- Number of children reached: 1 560
- Press: www.ssf.gob.svelmundo.com.svelpais.com.sv
El lunes 9 e marzo se inauguró la Semana de Educación Financiera, la cual es promovida por Child & Youth Finance International y organizada por el Banco Central de Reserva, Superintendencia de Sistema Financiero, Instituto de Garantía de Depósito y Defensoría del Consumidor, instituciones que conforman el Programa Interinstitucional de Educación Financiera.
La inauguración estuvo a cargo de la Vicepresidente del Banco Central de Reserva, en presencia de más de 100 jóvenes bachilleres del Instituto Salvadoreño de Superación Integral Isaac Newton, quienes tuvieron la oportunidad de recibir una charla sobre “El ahorro” y hacer un recorrido guiado por el Museo y Biblioteca Luis Alfaro Durán, del Banco Central. La Vicepresidente, invitó a los jóvenes a crearse el hábito del ahorro desde hoy, y aprovechar este tipo de actividades que brindan información sobre “Cómo ahorrar”.
La semana internacional de Educación Financiera se celebra la segunda semana de marzo, con el fin de concientizar sobre el uso del dinero a nivel mundial y en nuestro país las instituciones que conforman el Programa de Educación Financiera, realizarán diferentes actividades durante la semana del 9 al 17.
2014 El Salvador Global Money Week
Through a series of fun educational sessions El Salvador celebrated Global Money Week 2014 – with 180 children and youth participating on the first day! Global Money Week in 2014 was framed by the celebrations of the 5th anniversary of the launch of the National Financial Education Strategy. The Strategy was developed in collaboration between the Central Bank of Reserves, the Superintendence of the Financial System, the Institute of the Deposits and the Consumer Protection Bureau, to bring financial education to the Salvadoran population, with a special focus on the children and youth. El Salvador’s Financial Education Strategy aims to impart financial knowledge and to develop useful skills in children and youth so that they are equipped to make financially sound decisions when they are adults.
Plan International and the Municipality of Santa Tecla organized a Financial Education Fair were children and youth were welcomed by an address from high-level representatives of the organizing institutions. Children and youth learned about the "History of Currency in El Salvador" and watched a performance of the story "The Botija". Children and youth also presented their own stories on topics such as savings and money management. The best stories received an award from Plan International and the Municipality of Santa Tecla. Additionally, the Central Bank of Reserves awarded 120 scholarships to students starting university.
They also had fun playing a series of educational games that helped children better understand financial issues. Participating schools included: El Retiro de Ayutuxtepeque located in Cantón El Matazano, Centroamérica y Colonia Quezaltepeque in Santa Tecla and Arturo Ambrogi in the municipality of Colon. All educational activities during Global Money Week were implemented with the support of Plan International.
The National Institute of Puerto de La Libertad inaugurated its financial education program “Know your Money” at an event attended by 600 children and youth.
Workshops were hosted by the Catholic Relief Services at schools and colleges in the San Salvador and Santa Ana districts. The students were introduced to basic banking principles and made aware of the importance of saving. Youth from El Salvador also participated in a Video Chat Café with youth from Spain where they discussed savings, crowd funding and entrepreneurship.
2013 El Salvador Global Money Week
Name of organizing entity - Banco Central de Reserva de El Salvador
Partners - Instituto de Garantía de Depósitos, Superintendencia del Sistema Financiero, Ministry of Education El Salvador, Defensoría del Consumidor.
Date of the event - 18th - 21st of March
Number of children reached - 1 000
The activities during Global Money Week were child-centered and fun, which surprised some students who admitted they feared a “boring time with people in suits” (referring to the visit to the Central Bank) and instead, felt at ease to ask questions and to participate in games. The girls participating were particularly interested by the fact that the bank’s vice president was a woman.
For the first time Global Money Week was held in coordination with the national financial system institutions, a local government, and the Ministry of Education. The majority of participating children were from rural or suburban areas who have limited access to financial information and education.
A public fair was organized to raise awareness on the importance of financial education and inclusion was held at the biggest park in Santa Tecla. The event attracted bystanders, who took the opportunity to learn about saving from the children themselves. Some youth groups prepared theater sketches, puppet shows, murals and were selling crafts and bead jewelry as part of their entrepreneurship training. This was their first practical business experience for some of them. Government institutions involved in financial education were present with informational stands to raise the awareness about their services to the public.
A live video-conference was held in the park between Salvadoran children and peers from Peru and the Netherlands, where they exchanged experiences on financial education.
The celebration of Global Money Week continued throughout the week with 800 students from six schools visiting the Central Reserve Bank of El Salvador. They had the opportunity to hear speeches from the Bank’s President and Vice President. Their visit was marked by interactive sessions on the habits of saving, budgeting, and managing an allowance. The students saw a documentary on El Salvadorian currency, played games around the theme of money and savings, heard a storyteller perform a local folktale about a peasant who found a pot of gold coins while farming, and discussed the message of the story in relation to savings.
Scholarships from the Bank’s Scholarship Fund were awarded to 129 low-income students to continue post-secondary school or technical training.
“I couldn’t believe that we were talking to children in a different country who were doing the same things we were doing here! Even though I didn’t understand some of their words, I realized that they were learning about saving and money and that kind of stuff just like us here. I liked that we looked like we were on a TV show,” said Susy, 6th grade.