2017 Paraguay Global Money Week
- Leading Organizations:
- BANCO CENTRAL DEL PARAGUAY (Central Bank Of Paraguay)
- Participating Organizations:
- BANCO ITAÚ PARAGUAY S.A.
- CITI PARAGUAY
- COOPERATIVA MEDALLA MILAGROSA
- EQUIFAX PARAGUAY S.A.
- FECOPAR (Federación de Cooperativas del Paraguay)
- FINANCIERA EL COMERCIO
- FUNDACIÓN PARAGUAYA
- LA CONSOLIDADA
- VISION BANCO S.A.E.C.A
- CITI PARAGUAY
- Number of children reached directly: 33 574
- Number of children reached Indirectly: 120 000
The opening of Global Money Week 2017 was held at the Central Bank of Paraguay, with participation of both private sector institutions and civil society organizations involved in the celebrations. About 200 children aged between 8 and 15 from different schools across the country took part in the event, and further activities were aimed at improving the understanding of the use of money by children and young people.
As part of their visit to the Museum of Jewelry and Numismatics, youth participants learned about the history of money in Paraguay and participated in talks about the use of money and its importance. Additionally, as part of GMW 2017, the Central Bank of Paraguay launched seven educational videos that were published by social networks and media sources.
During the Week, 14 private organizations joined the Central Bank of Paraguay to support the initiative. These organizations included Fundación Paraguaya, Fundación AMCHAM, Bancard, Banco Itaú, Banco Visión, Citi, Equifax Paraguay, Cooperativa Medalla Milagrosa, the Consolidated Insurance Company, the Electronic Payment Media Companies, Personal, Tigo, the Federation of Cooperatives of Paraguay (FECOPAR) and Challenger. Social media platforms were key to sharing activities throughout GMW as these organizations published their activities online, giving advice on proper money management through their various online channels. As a result, more people were reached as part of the various efforts to raise awareness about personal finances and money matters affecting children and youth.
The organizations also conducted trainings in financial education for schools, as well as for public, throughout the country. In addition, representatives from the participating organizations accompanied school students to the Central Bank of Paraguay to take part in the closing event of Global Money Week 2017.
The National Financial Education Strategy carried out a National Campaign for Financial Education, “Más Vale Saber – Educación de Bolsillo” (More Worth Knowing – Pocket Education), as part of GMW 2017 in Paraguay. The government declared financial education to be an objective of national interest through a Presidential Decree. Educational talks were organized in five cities: Encarnación, Ciudad del Este, Coronel Oviedo, Santaní and Paraguarí, and were attended by around 1000 people. Officials of the Central Bank of Paraguay, the Ministry of Finance, the Technical Secretariat for Planning and Development, the Cooperative Institute, and the Secretariat for Consumer Protection gave talks on credit and entrepreneurship. The closing of the campaign took place in Asuncion and was attended by 200 young people.
As part of the National Campaign, a website was created and 22,700 guidebooks were delivered with basic information on finance. The campaign focused on providing adequate information regarding personal finance, diminishing myths related to rights and responsibilities, contract services and financial products, what can be done with PINs (personal identification numbers), ATMs, budgeting, saving and financing.
Helpful materials were also created for GMW 2017 participants in Paraguay including educational guides on a range of topics. These guidelines were prepared for three age groups: children (6-15), youth (18-25) and adults (25-30). The materials help teachers, volunteers and other trainers to develop lectures based on specific financial themes.
Additionally, for the second consecutive year, a Regional Rally was organized in Latin America. Organizations, associations, financial institutions, regulators and museums came together in Latin America to provide a competition via twitter, in which youngsters from Argentina, Chile, Colombia, Mexico, Paraguay and Venezuela received clues and questions which they had to complete in the shortest possible time to qualify for a prize. During the Regional Rally, young people learned about money matters in a unique and interactive way.
More information about the GMW 2017 activities in Paraguay can be seen here:
2016 Paraguay Money Week
- Leading Organization:
- Central Bank of Paraguay
- Participanting Organizations:
- Fundación Paraguaya
- Fundación AMCHAM
- Date of event:
- 14th - 19th of March
- Total number of children & youth engaged: 50 000
- Total indirect reach: 32 000
Paraguay was one of the pioneering countries in the implementation of the Global Money Week 2016 Regional Rally. The rally was a regional activity coordinated by CYFI’s International Secretariat with the support of their collaborators and allied institutions at the regional level. This activity aimed to connect various entities and countries in celebration of Global Money Week 2016. This year, the rally saw the participation of 12 organizations from seven countries throughout the region, including Paraguay.
Global Money Week celebrations in Paraguay were launched with a press conference attended by high-level authorities of each of the participating organizations and more than 180 youth. During the press conference, the participating organizations will presented details of the events and their plans to celebrate Global Money Week 2016 in Paraguay.
The Central Bank, the leading organization of the GMW initiative in Paraguay, launched the 2nd Edition of the Central Bank’s contest, in which youth from the last grade of high school presented diverse projects related to the work of the Central Bank. The activities at the Central Bank of Paraguay included a workshop on the history of money in Paraguay and of money from around the world. The implementing partners also organized similar workshops, visits to schools, a national youth assembly, radio spots and campaigns. During the closing ceremony, implementing partners celebrated with photo contests.
Other Global Money Week activities in the country included visits to schools, participation of youth in each of the Global Money Week challenges as well as television and radio programs.
2015 Paraguay Money Week
- Banco Central de Paraguay, Ministerio de Educación y Cultura de Paraguay, Fundación Paraguaya, Fundación Cámara de Comercio Paraguayo-Americana (AMCHAM), Junior Achievement - Paraguay, Youth Ambassadors Program
- Date of event:
- 9th - 17th of March
- Number of children reached:
- 21 101
Global Money Week in Paraguay was celebrated by a congregation of organizations who are committed to the cause of financial education and inclusion and to further the impact of Child and Youth Finance International’s Movement. As has been the tradition, the celebrations this year were launched with a press conference attended by high-level authorities of each of the participating organizations. During the press conference, the participant organizations presented the details of the events that they had planned to celebrate Global Money Week 2015 in Paraguay.
Fundación Paraguaya tapped its network of young volunteers to spread awareness about financial education and financial inclusion to schools around the country. While Fundación AMCHAM participated by organizing a series of lectures and a youth assembly. Fundación AMCHAM also participated of several TV and radio spots to spread the message of Global Money Week. Additionally, 27 trainers graduated from Fundación AMCHAM’s “Plan Transitorio Área Ciencias Sociales” program. These trainers will become ambassadors creating awareness and delivering economic citizenship education in the schools.
This year, the program Youth Ambassador, a program sponsored by the Department of State of the United States of America took part of the celebrations of Global Money Week in Paraguay. The Youth Ambassadors Program brings together high school students and adult mentors from countries across the Americas to promote mutual understanding, increase leadership skills, and prepare youth to make a difference in their communities.
The implementing partners also organized similar workshops, visits to schools, a national youth assembly, radio spots, and campaigns. During the closing ceremony, the Central Bank of Paraguay launched newly developed financial education materials, which will be distributed in schools all around the country.
2014 Paraguay Money Week
- Fundación Paraguaya
- Central Bank of Paraguay
- Foundation of the Paraguayan – American Chamber of Commerce
- Ministry of Education
- Date of the event:
- 10th – 17th of March
- Number of children reached:
- 9 800
A press conference was held in Paraguay to profile national efforts to increase financial inclusion and education for children and youth. Global Money Week was the main topic during a 1 hour television program broadcast on Guaraní TV, one of the most widely watched television stations in the country. Activities which were organized during the week included a financial education workshop that inspired children and youth to begin practicing positive habits regarding savings, resources management and give them the necessary tools to develop financial skills.
Activities were carried out in schools in different areas of the country with the aim of creating awareness about savings, and what else the youth can save apart from money (e.g. water) and how that generates a positive economic impact.
A youth forum was organized for children and youth to share their financial experiences and discuss entrepreneur projects. This activity encourages children and youth from different cities and communities to play, share, and learn about the importance of savings and how they are never too young to be an entrepreneur. They created a forum for children in the city of San Lorenzo. 120 teachers from across the country were involved in financial education workshops so. The estimate number of children that they will teach their newly learned financial education curricula to is 2500 children and youth by the end of this year.
The Paraguayan Ministry of Finance (MF) presented to self-employed women and young entrepreneurs on how to incorporate innovation into their respective enterprises. Their goal was to encourage them to not only be business entrepreneurs but social entrepreneurs. They encouraged the youth to discover their passion and to generate positive impact in their communities. This will not only aid them personally but will generate new jobs in their communities.
The Central Bank of Paraguay held an activity that closed a week full of joyful learning. A board member of the Central Bank of Paraguay, gave a talk to the young students that participated in the closing as a way of summarizing the lessons learnt throughout the week. These youth then had the opportunity to tour the Numismatica museum of the Central Bank of Paraguay where they received an interactive lecture on the history of money.
2013 Paraguay Money Week
Name of organizing entity - Central Bank of Paraguay; Financiera el Comercio; Fundación Paraguaya; Ministry of Education and Culture
Date of the event - 15th – 21st of March
Number of children reached - 8 940
Global Money Week in Paraguay was celebrated with awareness campaigns on financial inclusion of children and adolescents. Global Money Week was also highlighted on CYFI partner’s facebook pages, reaching thousands of children and youth all over the country.
To further financial knowledge of children, talks on money, savings and related topics were offered to children and youth as well as entrepreneurship fairs, workshops and bake sells.
Global Money Week also saw the launch of Junior Achievement programs on financial education in schools of the metropolitan area.