Global Money Week

2017 Morroco Global Money Week

Leading Organizations:

Fondation Marocaine pour l’Education Financière (FMEF)

In partnership with:

Bank Al-Maghrib, Ministère de l’Éducation Nationale et de la Formation Professionnelle, Organisation name, Bourse de Casablanca, Fédération Marocaine des Sociétés d’Assurance et de Réassurance, Groupement Professionnel des Banques du Maroc,


Participating Organizations:

Bank Al-Maghrib, Ministère de l’Éducation Nationale et de la Formation Professionnelle, Groupement Professionnel des Banques du Maroc, Bourse de Casablanca, Fédération Marocaine des Sociétés d’Assurance et de Réassurance, Autorité de Contrôle des Assurances et de la Prévoyance Sociale, Autorité Marocaine du Marché des Capitaux, Fondation Marocaine pour l’Education Financière,

The bank
BAM BMCE AWB BMCI BCP SGMB CAM CIH, Arab Bank
The insurances :
AXA Wafa Assurance ATLANTA SAHAM SANAD Zurich RMA


A high-level meeting dedicated to the GMW (its spirit, objectives and previous achievements) will be organized to kick off the celebrations.

This meeting will be an opportunity to present the results of the survey on the satisfaction of the previous edition, to reiterate the commitment of all stakeholders in the development of financial education of children and young people and to note all the achievements of the EMLF for this target, as part of the implementation of its national financial education strategy.

Children will be invited to share their experience of the previous editions. CYFI, a privileged partner of the FMEF in this field, will also be invited to present its new financial education programs for children and young people: SchoolBank. This meeting will be opened to the press. Games and quizzes from the FMEF portal will be presented, including an interactive section dedicated to this target.

At the same time of this event, and throughout Global Money Week 2017, the FMFE, in collaboration with all stakeholders, plans to reach more than 2,000,000 children and young people, through a rich program and several activities.

For a week, several sessions to raise awareness on financial literacy will be offered to children and young adults through visits to schools (primary schools, colleges, high schools and universities). In this context, all financial institutions will meet children and young people and will open the doors of their branches and agencies at the urban, peri-urban and rural levels. An ambitious program of visits has been carefully established and confirmed by all the partners during the preparation of this event.

Bank agencies, insurance offices, branches and branch networks of Bank Al Maghib, Dar Assikah, the Money Museum, and the Casablanca Stock Exchange will be welcoming, every day, groups of children and youth for financial education sessions, according to a pre-established program and content from the dedicated guides.

At the same time, seminars will be held every day in high schools and universities and exchange forums will be programmed through social networks. Young adults will have the opportunity to visit to the Money Museum of the Bank Al-Maghrib.

For this edition, the FMEF expect a strong involvement in the activities proposed by CYFI, in particular the Money Box challenge, the Selfie challenge and the Video challenge.


2016 Morocco Global Money Week

Leading Organization:
Fondation Marocaine pour l’Education Financière
Participanting Organizations:
Ministry of National Education and Vocational training Bank Al Maghrib (Central Bank of Morocco) Bourse de Casablanca (Stock Exchange Casablanca) Groupement Professionnel des Banques du Maroc Fédération Marocaine des Sociétés d’Assurance et de Reassurance Aflatoun Association Bayti
Date of the event:
14th - 20th of March
Total number of children & youth engaged: 150 000

Organized by the Moroccan Foundation for Financial Education (FMEF), the 5th edition of Financial Education Days reached more than 150,000 children and youth.

One of the objectives of the Week was to bring financial education closer to youth in rural areas and, this year, the participation rate there increased to reach 30%! Participants were able to experience a diverse and extensive program, including a visit to the Casablanca Stock Exchange to familiarize themselves with this institution and its role. Over 400 banking agencies welcomed students during the Week, showing a large involvement from the banking sector in raising awareness on financial education, with 20 agencies from the Bank al-Maghrib coordinating the events. Furthermore, more than 200 banking professionals also went to schools to conduct financial trainings and raise awareness about the importance of financial education and inclusion. Students were taught about money, budget, savings, banking and insurance products and services. In addition, a press conference on financial education was held at the FMEF to attract media attention during these Financial Education Days.

2015 Morocco Global Money Week

Leading Organization:
Fondation Marocaine pour l’Education Financière
Participanting Organizations:
Ministry of National Education and Vocational training Bank Al Maghrib (Central Bank of Morocco) Bourse de Casablanca (Stock Exchange Casablanca) Groupement Professionnel des Banques du Maroc Fédération Marocaine des Sociétés d’Assurance et de Reassurance Aflatoun Association Bayti
Date of the event:
9th - 17th of March
Number of children reached: 150 000

Organized by the Moroccan Foundation for Financial Education (FMEF), the 5th edition of Financial Education Days reached more than 150,000 children and youth.

One of the objectives of the Week was to bring financial education closer to youth in rural areas and, this year, the participation rate there increased to reach 30%! Participants were able to experience a diverse and extensive program, including a visit to the Casablanca Stock Exchange to familiarize themselves with this institution and its role. Over 400 banking agencies welcomed students during the Week, showing a large involvement from the banking sector in raising awareness on financial education, with 20 agencies from the Bank al-Maghrib coordinating the events. Furthermore, more than 200 banking professionals also went to schools to conduct financial trainings and raise awareness about the importance of financial education and inclusion. Students were taught about money, budget, savings, banking and insurance products and services. In addition, a press conference on financial education was held at the FMEF to attract media attention during these Financial Education Days.

“We never stop noticing the enthusiasm of the students. They highly appreciated this week. This is expressed by the change from 30,000 students in 2012 to 150,000 students this year” Atiqua Hafaoui, from the direction for school life within the Ministry, Morocco
“We aim, through this initiative, to raise awareness among youth on elementary concepts in financial issues. Moreover, these children will help us to spread this education to their parents, especially in the rural world where a major part of the families is still not familiar with the world of banks and money” El Hadi Chaibainou, CEO of the banking association Groupement professionnel des banques marocaines (GPBM), Morocco
 

2014 Morocco Global Money Week

Participants:
Moroccan Foundation for Financial Education Central Bank Al-Maghrib Conseil Déontologique des Valeurs Mobilières (CDVM) Ministry of Economy Ministry of Education Groupement Professionnel des Banques du Maroc (GPBM) Federation Marocaine des Societes d’Assurances et de Reassurance (RFMSAR) Casablanca Stock Exchange
Date of the event:
10th – 14th of March
Number of children reached:
80 000

Morocco has participated in Global Money Week since its inception in 2012. This year children and youth were invited to attend guided visits to a wide variety of financial institutions in order to broaden their financial knowledge. These visits were conducted at commercial banks, insurance agencies, the Casablanca Stock Exchange, Dar As-Sikkah (the Moroccan Mint), and the Moroccan Money Museum. In turn, financial experts from local banks visited the students at high schools and primary schools to conduct finance lessons in order to better equip the children and youth to make informed decisions about saving and spending their money wisely.

40 children primary and secondary schools were invited to attend the opening ceremony at the Casablanca Stock Exchange in honor Global Money Week. Representatives from financial institutions were also in attendance, such as the Director of the Banking Supervision, Director of the Financial Banking Association, and Director of the Casablanca Stock Exchange each addressed the students, explaining the importance of financial education, before they invited the children to open the stock market for the day.

The competition of KidzMondo consisted of handling a budget throughout the day by spending and making money in income-generating activities, including banking, hospitalization, education, media, social services, etc. At the end of the day, the winning child having gained the largest amount of money was selected, having proved his competency in managing his financial budget.

Learn more:

www.bkamjunior.tarbiyamaliya.ma
www.casablanca-bourse.com

 

2013 Morocco Global Money Week

Name of organizing entity - Bank Al-Maghrib (Central Bank of Morocco)
Partners - Ministries of: Economy & education; DAPS & CDVM : Regulators of the financial system; FMSAR & GPBM : Financial Professional associations; La Bourse de Casablanca : The Casablanca Stock Exchange
Date of the event - 15th – 21st of March
Number of children reached - 60 000

“Children in rural area are really impressed hearing about finance. For them those are symbols of the modern world and make them dream about a better life,” shared the organizers. Global Money Week was celebrated in Morocco with a number of guided visits to various financial institutions including commercial banks, Dar As-Sikkah (the currency industrial unit), insurance agencies, the Stock Market and the Money Museum. The week continued with official visits from bankers to high schools.

As a result, foundation has been established to create and promote financial awareness in the country.

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