Global Money Week

2017 Jamaica Global Money Week

Leading Organizations:
Financial Services Commission of Jamaica

Participating Organizations:
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

The Financial Services Commission (FSC) with its goal to advance financial education in Jamaica is implementing the 2017 Schools’ Financial Education Programme (SFEP) in association with Junior Achievement Jamaica. 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 our citizens. Since its inception, it 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 culminates with an Awards Luncheon on Thursday, March 30, 2017 in commemoration of Global Money Week 2017.

The programme includes: five weekly after-school sessions; an Educational Tour which brings 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, open to students from participating schools. The subject areas presented to the students during the programme include: Planning to Earn, Saving for Life, Budgeting, Credit Choices, and Being a savvy consumer. These lessons provide a strong foundation which is further reinforced by Essay, Logo and Video Competitions. These competitions provide 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 Organization:
Financial Services Commission

Participanting Organizations:
Junior Achievement
Bank of Jamaica (BOJ)
Jamaica Stock Exchange (JSE)
Creditinfor
Jamaica Limited

Date of event:
14th - 20th of March

Total number of children & 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 program has made a positive impact on the lives of over 1200 students across the island.

This program 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 program 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 program are students of at least twelve years of age, who are motivated and capable of comprehending the program material. The program itself is delivered over a six-week period between January and March each year to allow the closing of the program 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 program, 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 program 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 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 Program. The program is run by the Financial Services Commission (FSC) to build a financially educated society in Jamaica. The program is being conducted in eight Jamaican high schools in 2015 for students who are twelve years and above. This financial education program 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 program are: Ardenne, Glenmuir, Black River, Denbigh, Mannings, Ascott, William Knibb, and St Jago.

While 240 students are the immediate beneficiaries of the program, the potential beneficiaries cover a much wider group, including the students’ peers in the participating high schools, their families and communities. The program 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 program 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:
Financial Services Commission of Jamaica
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.

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