Global Money Week

2017 Bangladesh Global Money Week

Leading Organizations:
Daffodil International University
Jobsbd.com
Bangladesh Bank (Central Bank)

Participating Organizations:
British Council
HSBC Bank
Dhaka University
Dhaka Stock Exchange
Daffodil International School
International Turkish Hope School
South Breeze School
American International University Bangladesh
Brac University
DCL Mobile
Islami Bank Bangladesh Limited
Start and Improve Your Business (an ILO backed organization for entrepreneurship development organization)
Southeast Bank Ltd.
Biman Bangladesh
National Museum
LEADS
Bangladesh Skill Development Institute (BSDI)
National Housing Investment and Finance
National Housing Investment and Finance
Daily Star
Daily Somokal
News 24
G TV
First Security Islami Bank Limited
Campus TV
DISS
Milestone School, Lalbag Idea School, Kakoli High School Nalonda High School
Udayan School and College
Bakshibazar Primary school
D Engineers Club, (Chittagong)
World Youth Parliament (Barisal)
Shimanto Bank
Bangladesh Wage Board
Renaissance Consultants Ltd
ETV
ATN
Shomoy TV
Channel 9
Government Organization:
Number of children reached directly: 810 000
Number of children reached Indirectly: 2 100 000

Under the leadership of Daffodil International University, JobsBD and Bangladesh Bank (the Central Bank of Bangladesh), Global Money Week was celebrated once again in Bangladesh in a grand manner. The continuing patronage of the Ministry of Education of Bangladesh, the office of the Prime Minister (A2i Program) have also been key and significant this year in pursuing the celebrations.

Bangladesh’s GMW2017 has been the largest celebration it has achieved since Global Money Week was initiated in the country five years ago. In addition to celebrating with the financial sector, this year has also seen the strong involvement of other key governmental bodies, such as the ICT Ministry, Ministry of Finance, and the Ministry of Labor. Strong coordinating organization also came from financial institutions, NGOs, and a network of universities and schools that disseminated the activities to all districts of Bangladesh beyond Dhaka (the capital city).

As in previous years, a large number of activities were rolled out in Bangladesh for Global Money Week. This includes workshops and sessions for children and youth, sessions and visits by bankers to schools in which they educated children on how they could save better, essay writing competitions, ringing the bell at the stock exchange, video and selfie challenges, money museum visits, a multi-city youth entrepreneurship fair, as well as many other idea generating activities focused on how saving and earning could be further promoted for youth from the perspective of youth.

A key issue that Bangladesh has highlighted and observed is that most initiatives have stopped after Global Money Week in their country in previous years. Aside from the SchoolBanking initiative, in which the Bangladesh Bank opens bank accounts for children, there is still a strong lack of initiatives focusing on financial literacy. The main organizers have therefore designed GMW to facilitate a roundtable discussion with high-level governmental bodies involved in financial education and inclusion, as well as representatives from the banking sector, civil society, schools, and universities. The outcome of this is the creation of a clear action plan within the year that includes:

Creation of a concept note on the need for improving financial literacy of young people.

  1. Design of a multi-year and multi-stakeholder project plan.

  2. Drafting the funding structure of the national initiative through bank CSR funding.

  3. Development of a multi-tier strategy on delivery and modalities of FinLit needs of young people.

  4. Development of a training module suitable for various ages levels.

Piloting the approach in Bangladesh

Bangladesh has therefore shown that GMW has the potential to be used as a vehicle that goes beyond advocacy.

Finally, Bangladesh organized also a Grand Gathering and Closing Ceremony of governmental delegates, bankers, and student leaders, which continued this year in the National Senate Hall.


2016 Bangladesh Money Week

Leading Organizations:
Daffodil International University
Bangladesh Bank
Prime Minister's Office of the Government of the People's Repuiblic of Bangladesh

Participating Organizations:
Ministry of Education of Bangladesh
Dhaka University
British Council Bangladesh
JobsBd.com - Creating Opportunities
Dhaka Stock Exchange
NaxRo
BRAC University, American International University of Bangladesh, East West University, Dhaka College, Oxford International School, BGMEA University, ASA University, United International University, University of Liberal Arts, State University, Stamford University, ACCA Bangladesh, Hypertag Solutions, Dhaka Stock Exchange, Bangladesh Taka Museum, Mercantile Bank, EMK Center, Aflatoun

Date of the event:
14th - 20th of March

Total number of children & youth engaged: 800 000
Total indirect reach: 2 000 000

The celebration of Global Money Week continued this year in Bangladesh – with greater coordination and larger goals set for 2016. Daffodil International University continued its role as the lead promoter and coordinator of the nationwide program of Global Money Week in the country. The celebrations was patronized by the Ministry of Education, supported by Bangladesh Bank (the Central Bank of Bangladesh), and the Prime Minister's Office of the People's Republic of Bangladesh, which aimed to ensure that GMW 2016 would emerge as a national initiative covering multiple activities and sectors.

Compared to previous years, the GMW organizing committee in Bangladesh took great strides to ensure that the outreach to children would go beyond the capital, Dhaka. The committee organized a structure wherein youth leaders and coordinators would be present for each of the eight divisions of Bangladesh involved in expanding the reach of the program across the country.

GMW 2016 in Bangladesh included a wide range of activities such as a press conference with major media agencies in the country, a formal inauguration, ringing of the Dhaka Stock Exchange Bell, workshop and seminars to create awareness, competitions for kids about the importance of savings, essay writing contests, post-card making exercises answering the speech bubble “I save because…”, industry visits for kids to see what future jobs they may pursue, a visit to the money museum, a learning through doing program with banks, drama and arts initiatives that creatively expressed and taught money awareness and visits to various educational institutes to foster cooperation amongst schools for the empowerment of children and youth as economic citizens.

A special focus on vulnerable children was included in this year’s Global Money Week in Bangladesh through the coordination between the Ministry of Education and youth leaders and coordinators that have travelled and reached out to the remote and marginalized areas, especially to those young people living on the street.

Unique to Bangladesh were its efforts to creatively promote savings in a smart way. They were promoting how smart savings could be achieved not only through thriftier spending, but also through changes in young people's and the public's everyday attitudes and behaviours. This was promoted by a campaign shown through social media and posters spread across schools in Dhaka between 14 - 20 March. Each day specifically focused on one way of smart saving to another, included saying no to water wastage, food wastage, overusing electricity, avoiding vices and actually starting to save money.

To promote and encourage young Bangladeshis to become more proactive in reshaping their financial future, children and youth who demonstrated great potential as young savers and future entrepreneurs were given special recognition. This is in addition to the poster-making competition that was done across the country’s capital, Dhaka.

A number of activities were promoted across various national media platforms that included radio, TV, and print media. Moreover, events were organized that encouraged partners and guardians to speak directly with children about money matters.

GMW 2016 in Bangladesh capped off by a Grand Closing of the global celebrations with government delegates, industry executives, and various other stakeholders. The honourable guests included the Secretary of the Ministry of Education, the Chief Representative from the Bangladesh Bank, and the Director-General of the Office of the Prime Minister. This is in addition to various high-level stakeholders from multiple sectors within the country, along with a large number of young leaders, who gathered to emphasize the importance of developing financial literacy, citizenship and entrepreneurship skills from a young age.

 

2015 Bangladesh Money Week

Patronized and Supported by:
Ministry of Education of Bangladesh
Bangladesh Bank
Lead Promoter:
Daffodil International University
Participating Organizations:
Daffodil International School
Dhaka University
British Council Bangladesh
EMK Center Bangladesh
Hypertag Solutions
Mercantile Bank Limited
JobsBd.com - Creating Opportunities
Dhaka Stock Exchange
Youth Foundation of Bangladesh
Supporting Organizations:
BRAC University, American International University of Bangladesh, East West University, Dhaka College, Oxford International School, BGMEA University, ASA University, United International University, University of Liberal Arts, State University, Stamford University, Mirpur National Primary School, Laurel Kinder Garten, BD Hiking Team, Radio Amar 88.4fm, Me4all friends group, SM Creation, Help line 98
Date of the event:
9th - 18th of March
Number of children reached:
220 000

The celebration of Global Money Week continued this year in Bangladesh – with larger coordination and bigger goals this 2015. Patronized by the Ministry of Education of Bangladesh, supported by Bangladesh Bank (the Central Bank of Bangladesh), and with Daffodil International University as the lead promoter of Global Money Week in Bangladesh, the celebration was shaped in the country to emerge as a national event that covered multiple activities and sectors.

Global Money Week in Bangladesh included a wide range of activities including a press conference with major media agencies in the country, a formal inauguration, ringing of the Dhaka Stock Exchange Bell, workshop and seminars to create awareness, competition for kids about the importance of savings, essay writing contests, post-card making exercises answering the speech bubble “I save because…”, industry visits for kids to see what future jobs they may pursue, visit to the money museum, mind mapping to vision their future, a learning through doing program with banks, drama and arts that creatively expressed and taught money awareness, and visit to various educational institutes to foster cooperation between schools for the Global Movement towards empowerment of children and youth as economic citizens.

To promote and encourage young Bangladeshis to become more proactive in reshaping their future and that of finance, children and youth who have shown great potential as young savers and future entrepreneurs were also awarded.

The Global Money Week celebrations in Bangladesh were also made possible by the support of other institutions that have organized and coordinated the national approach towards economic empowerment of young people in Bangladesh. Partner organizations include the Mercantile Bank Ltd., the Dhaka Stock Exchange, Daffodil International School, Dhaka University, the British Council of Bangladesh, EMK Center Bangladesh, Hypertag Solutions, JobsBd.com. In addition, various educational institutes have also participated partly by hosting small events across their student bodies, which included BRAC University, American International University of Bangladesh, East West University, Dhaka College, Oxford International School, BGMEA University, ASA University, United International University, University of Liberal Arts, the State University of Bangladesh, and Stamford University.

Complementing these activities, the Youth Foundation of Bangladesh also led a number of activities with Mirpur National Primary School, Laurel Kinder Garten, BD Hiking Team, Radio Amar 88.4fm, Me4all friends group, SM Creation, and Help line 98. They have done this through events that talked directly with children, their guardians, and youth groups from different areas of Bangladesh. As well, they have also done radio talk shows and various social media campaigns to reach more people.

The Global Money Week in Bangladesh was capped off by a Grand Gathering of Bankers, Entrepreneurs and Stakeholders attended by the Honorable Secretary of the Ministry of Education, the Governor of the Bangladesh Bank, and various high-level stakeholders within the country with senior representatives from multiple sectors and a large number of young leaders to emphasize the importance of financial literacy, financial education, and entrepreneurship to be developed from a young age.

It is through continuing initiatives and partnerships like those exemplified by the participating organizations in Bangladesh that showed how Movements could truly impact majorly the perspectives throughout the country about empowering children and youth as economic citizens.

 

2014 Bangladesh Money Week

Participants:
Enterprise Competitive
Dhaka Stock Exchange
Bank Bangladesh
BRAC Bangladesh
Daffodil International University
American International University of Bangladesh
East West University
Dhaka College
Oxford International School
BGMEA University
ASA University
United International University
University of Liberal Arts
State University
Stamford University
Date of the event:
10th - 16th of March
Number of children reached: 500
Children reached through the media: 25 000
Press
www.youtube.com

Bank Bangladesh, Enterprise Competitive Institute and Dhaka Stock Exchange along with many universities started celebrating Global Money Week from the 5th of March. Bank Bangladesh, Enterprise Competitive Institute of Daffodil University and Dhaka Stock Exchange officially started the Global Money Week 2014 celebrations in Dhaka, with the vision to inspire and educate young people to become entrepreneurs and make them aware of money matters. Students from 15 schools, colleges and universities were in attendance along with many high profile speakers.

During a 4 day period seminars, financial talks and discussions were be organized to empower youth and give them a better understanding about the banking and finance sector. These activities were organized by Daffodil International University, American International University, University of Bangladesh, East West University, BGMEA University, ASA University, United International University, University of Liberal Arts, State University, Dhaka College and Oxford International School. Among the most popular topics were financial education, economic citizenship and the importance of savings and valuable money skills.

Students from 3 educational institutions visited Dhaka Stock Exchange to learn about trading activities, capital markets and more. The students also received a training session on investment conducted by the Training Academy of Dhaka Stock Exchange Limited. Students from Oxford International School, University of Liberal Arts and State University visited Lanka Bangla securities to gain practical knowledge on share trading. BRAC Bangladesh Adolescent Development Program (ADP) and Social and Financial Empowerment of Adolescent (SoFEA) of BRAC education program arranged financial literacy training for adolescents all over the country. BRAC celebrated Global Money Week with workshops on financial empowerment, savings, money management, budgeting and introduction to formal banking.

 

2013 Bangladesh Money Week

Name of organizing entity - BRAC Bangladesh
Partners - Formal Bank; Adolescent Development Program (ADP); Social and Financial Empowerment of Adolescent (SoFEA )
Date of the event - 18th – 22nd of March
Number of children reached - 13 735

Adolescent Development Program (ADP) and Social and Financial Empowerment of Adolescent (SoFEA) of BRAC education program arranged financial literacy training for adolescents all over the country. The main focuses of this training were the importance of financial empowerment, planning, saving, money management, budgeting as well as an introduction to formal banking.

To celebrate Global Money Week SoFEA introduced a new adolescent friendly savings pass book. Participants enjoyed the new passbook and were happy to be able to calculate their amount of savings. Adolescents’ football and cricket tournament were part of the campaign “Be aware of financial literacy protest the violence against women”, where 144 girls from different regions of Bangladesh participated in the matches. Before the tournament, a march was organized by the players who carried banner and festoon about the importance of financial education and to help raise awareness among the general population.