BRUSSELS, 27 March 2017 – Fourteen WSBI-ESBG members from 13 countries are taking part this week in Global Money Week, an annual global celebration, with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur. Initiated by Child & Youth Finance International (CYFI), with whom WSBI is a partner, the five day celebration takes place from today until 2 April.
WSBI-ESBG members Erste in Austria, Fransabank in Lebanon, NABARD in India and CECA in Spain are all "leading" organisations during the week, according to Global Money Week organisers. In Europe, Hungary member OTP joins Erste in the country to celebrate the week, along with Swedbank in Sweden, La Caixa in Spain and BCEE in Luxembourg. In the Americas, FEPCMAC in Péru and Dominican Republic member APAP are participating. In Africa Finance Trust Bank of Uganda is on board as is Caisse Nationale des Caisses d'Epargne in Côte d'Ivoire.
The Savings Banks Foundation for International Cooperation – SBFIC, or Sparkassenstiftung, is also taking part in Azerbaijan, El Salvador and in Zambia. Related to WSBI-ESBG member DSGV, the SBFIC makes the German Sparkassen experience accessible in developing and transition countries. It supports financial institutions promoting a sustainable economic and social development at a local, regional or national level by offering banking services that are tailored to the needs of the target groups.
Organisers explain the theme as follows:
Learn: Educating children and young people about their social and economic rights and responsibilities is key to creating a generation of capable adults who can make wise decisions for their future
Save: It is important for children and youth to build clever savings habits from an early age in order to cultivate key money-managing skills for later in life
Earn: Developing livelihoods skills or receiving entrepreneurial training supports children and young people with getting a job or building their own business and developing their careers.
Coinciding with Global Money Week is European Money Week, where ESBG members are also taking part. Member Banque et Caisse d'Epargne de l'Etat, Luxembourg (BCEE) in Luxembourg welcomes student groups during weeklong festivities, inviting them to its Bank Museum. It also offers four workshops for students themed around money, namely focused on the origins of money, banking, concept of savings and on spending and budgeting. FinanceNorway is participating with a national contest across Norway among classes in lower secondary school, a conference for school leaders, teachers and student teachers as well as a contest among student teachers.
The week-long events are important for WSBI-ESBG members on many fronts. It also marks the mid-way point to World Savings Day, a global celebration that happens annually on 31 October. World Savings Day is designed to increase the public's awareness of the importance of savings both for modern economies and for individuals alike. WSBI-ESBG and it members lead the way, sharing the savings story through public awareness campaigns created and put in place by them.
WSBI and its members in 2016 found new ways to tell the World Savings Day story under the theme "Grabbing Hold of Your Financial Future", which evoked the growing desire by people throughout the world to take more control of their lives, especially when it comes to personal financing through savings. Three new videos were produced by WSBI and were highlighted on a new World Savings Day-dedicated microsite, through YouTube, the WSBI-ESBG webpage, Twitter and LinkedIn. WSBI plans to make 2017 World Savings Day an even greater success.
>> Discover: World Savings Day
>> Learn more: European Money Week
>> Visit: Global Money Week site