Global Money Week

2017 Paraguay Global Money Week

Leading Organizations:

Participating Organizations:
FECOPAR (Federación de Cooperativas del Paraguay)

Private sector institutions and civil society organizations celebrated the 2017 Global Money Week (GMW 2017). The opening of the same was made at the Central Bank of Paraguay. About 200 children between 8 and 15 years of age from different schools in the country participated. Also, the authorities of the organizations that supported GMW 2017 participated. These organizations helped to develop activities aimed at improving the understanding of the use of money by children and young people. The Central Bank of Paraguay launched on this day seven educational videos that were published by social networks and another media during this week.

Children and young people had the opportunity to meet the Central Bank of Paraguay. There, they visited the Museum of Jewelry and Numismatics, where they met the history of money in Paraguay. They also participated in talks about the use of money, its history and its importance. During the visit, they had the opportunity to meet the Board Member of the Central Bank.

Materials written by the organizing team were used during GMW 2017. For example, educational guides of the different topics discussed. These guidelines were prepared for three age groups: children (6-15), youth (18-25) and adults (25-30). They help teachers, volunteers and other trainers to develop lectures based on specific topics and considers the age of the audience.

In this edition, 14 private organizations joined the Paraguayan Central Bank to support the GMW. The private organizations that bet on the financial education of children and youth in Paraguay and participated in the GMW 2017 are: Fundación Paraguaya, Fundación AMCHAM, Bancard, Banco Itaú, Banco Visión, Citi, Equifax Paraguay, Cooperativa Medalla Milagrosa, la The Consolidated Insurance Company, the Electronic Payment Media Companies, Personal and Tigo, the Federation of Cooperatives of Paraguay (FECOPAR) and Challenger. The social networks played an important role during GMW 2017. These private organizations published daily their activities through them and in their web pages, giving advice for the proper management of the money. In this way, more people were reached to increase the interest of children and young people in matters related to personal finances.

The GMW 2017 was celebrated in significant places in the cities Asunción and Encarnación. Several of the participating organizations decided to conduct activities outside classrooms and offices. They used public spaces to convey information about GMW 2017 and issues related to personal finance. To this end, the participating organizations placed booths and posts in points of high competition of said cities. So they were able to hand out flyers, give advice on money management, teach basic concepts on how to open bank accounts and play games about economics and finance. These activities gave families access to useful information about money and finances.

In the classrooms, the children carry out various activities related to GMW 2017. The universities developed debates about the economy of the country and the importance of knowing the formal financial services available. These discussions had a moderator in the GMW 2017 organizing team. The schools held presentations from representatives of the participating organizations and received materials with information on economics and finance for young people. While in other schools, children learned by playing with representatives and volunteers from organizations that supported GMW 2017.

Finally, GMW 2017 was closed at the Central Bank of Paraguay. This was attended by more than 200 young people and children from different educational institutions. On this day, all the participants of the event proposed a saving goal for the following GMW, for which they received piggy banks and pledged to fulfill it for the following year. In addition, the Central Bank of Paraguay launched the annual Central Bank essay contest, aimed at students in the last year of secondary school (about 18 years), having “credit” as a theme this year.

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.

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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.