Israel

2021 Israel Global Money Week

GMW NATIONAL COORDINATOR:

  • Bank of Israel

PARTICIPATING ORGANISATIONS:

  • Banking Supervision Department, Ministry of Education, The Banking System, Association of Bank's in Israel, Paamonim

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 851

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 3,540

NUMBER OF ADULTS REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 3,000

At the initiative of the Bank of Israel’s Banking Supervision Department and the Ministry of Education, and through the banking system’s Financial Education Forum, financial education activities for youth, for the first time in Israel, took place as part of the GMW Campaign. The activities focused on high school teenagers, and engaged them through online lessons on budget management, savings and dealing with the bank. Interactive games on these topics were prepared, with the aim of increasing the financial awareness of the youth during and beyond the lessons they received.

Throughout Global Money Week a non-for-profit organisation Paamonim planned many activities for youth. Due to COVID-19 restrictions numerous activities were conducted online, however in-person sessions were provided to youth at risk and children with special needs. Several sessions were done in partnership with the Israeli Ministry of Welfare, schools, academia and youth centers. As a volunteer based NGO with 3000 professionally trained volunteers, one key activity was a programme conducted at 7 universities and colleges in Israel. The Paamonim Students programme entails skillfully trained students to carry out economic counselling with other students from less privileged backgrounds, delivering workshops and lectures in the field of home economics to other students and acquiring tools for measured and balanced money management to pass on to their immediate circles of friends and family. Students work in pairs, support with mentoring and are often called upon to support other Paamonim professionals. Team leaders and managers on this programme are eligible to receive a scholarship from Paamonim.