Dear Global Money Week Participants,
Over the past days, we have seen a dramatic worsening of the Covid-19 pandemic, with number of countries affected increasing and countries taking firm actions to curb the spread of the virus. Schools and universities are closed and individuals are encouraged to limit all un-necessary social movements.
In this context, the coordinating GMW Secretariat has decided that out of the safety of all participants as well as global solidarity and responsibility, the Global Money Week celebrations will be postponed to a later date (to be defined).
We thank everyone who has showed interest in participating this year, and we commend you for your efforts and enthusiasm. We are confident that we will all emerge stronger from these challenging times! The GMW Secretariat will remain available for questions, suggestions, and will continue engaging with all of you through our social media channels. In case your institution has decided to continue with the organisation of the Global Money Week 2020 as scheduled, please inform the Secretariat in due course.
Wishing everyone good health and we look forward to celebrating Global Money Week together in the near future!
The GMW Secretariat
What is Global Money Week (GMW)?
GMW is an annual financial awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship. Initiated by CYFI in 2012, it is now organised by the OECD International Network on Financial Education (OECD/INFE).
What are the origins of Global Money Week?
Global Money Week has its roots in the International Aflatoun Day that was initiated by Aflatoun International on 17 March 2011. Aflatoun International is the organisation from which Child & Youth Finance International (CYFI) was born. Therefore, from 2012 to 2019 GMW was organised by CYFI, and has been handed over to the OECD International Network on Financial Education (OECD/INFE). Read more here.
How does Global Money Week Campaign work?
In brief, organisations across the world organise their own GMW events during the Week, and share news, photos and information with the GMW Organising Team. News of all these activities are linked to each other via the social media, and the GMW website.
How to plan your own Global Money Week?
There is no participation fee! Whether you are INFE member or non-member – everyone can join GMW2020. Read more here.
If you are already INFE member institutions, then most probably you have heard about GMW2020 from us.
If you are not INFE member, you can take part in GMW2020, but we encourage you to get in contact with INFE member institutions in your country. If you do not have INFE member institutions in your country, we encourage you to get in contact with the government authority to jointly participate in Global Money Week. The government authority is welcome to become a member of INFE. To see if there are any institutions in your country which are already members of the INFE, please contact INFE/GMW Team.
See below the steps of how to easily plan your own GMW Campaign in your country:
- Explore GMW website for country overviews, available resources and inspiring ideas for your GMW.
- Initiate and take the lead on GMW Campaign in your country and make it suitable for the topics you wish to highlight during the Week.
- Collaborate with diverse groups of organisations and institutions to plan GMW branded events and activities for children and youth.
- Make sure your event is branded as a Global Money Week event. Read more in the ‘Global Money Week Branding & Style Guidelines 2020’ document here.
- Make sure to share your GMW plans in social media by linking it to @GlobalMoneyWeek #GlobalMoneyWeek2019 and do not forget to send photos/ videos to the INFE/GMW Team.
- INFE/GMW Team will contact you when we need you to send us information about your GMW plans.
- Read more here.
How do we support you as you organise your Global Money Week?
We support you in the following ways:
- Offering you resources that can help you plan your Week (toolkit, brochure, GMW logos, etc.). See more at ‘Resources’ section on the website.
- Explore ideas and offer advice to help you run a successful GMW.
- Link you to other partners in your country or worldwide.
- Invite you to webinars prior to GMW2020 to share GMW news and meet other participants.
- Keep you connected with the Campaign by sharing the latest updates with you.
- Collecting data from the participants to generate the GMW Report with Campaign and country highlights.
Is there a fee to take part?
Absolutely not! All that we ask from you is that you keep us updated on your Global Money Week activities.
Why is it important to teach children and youth about money matters from a young age?
The earlier children learn about money, savings and investment, the better they manage their personal finances throughout their lives. These skills help children and youth to understand the difference between earning, saving and spending, making them better money managers, who are able to budget and have healthier money habits. It also helps children understand how to manage money at an early age and teaches them make better financial decisions regarding student loans, housing, first car, travel, and other expenses.
What is the goal of Global Money Week?
We believe that today’s children and youth should become empowered economic citizens, capable of understanding the importance of saving, and equipped with the skills to be employed and create their own livelihoods. We want young people to learn to manage their money wisely. By empowering children and youth, we can help them create a positive wave that will expand from themselves, to their families and to entire communities. Global Money Week is a time when the whole world can celebrate and engage in these important topics.
When is Global Money Week?
GMW is held in March each year. GMW2020 will take place from 23 – 29 March 2020.
Who can participate?
Whether you are INFE member or non-member – everyone can join GMW2020. Do not forget to explore ‘Countries’ page here for more details.
Where is Global Money Week happening?
Everywhere. GMW is an international campaign, with many events, activities, projects, launches and competitions organised by over 170 participating countries globally. Click here to see where Global Money Week has taken place in the past.
What happens during Global Money Week?
During GMW, national organisations, such as government bodies, ministries, financial institutions, central banks, not-for-profit and youth organisations, local businesses, universities, schools and others work together to organise different types of activities for children and youth to spark excitement around the topic of ‘Learn.Save.Earn.’ through:
- visits to banks, parliaments, central banks, stock exchanges, currency exchanges, money museums, local businesses, and global corporate companies;
- financial workshops and sessions;
- financial education fairs, open market events, financial literacy rallies;
- financial education games and savings competitions, financial football matches;
- drawing, photo, essay and video contests on ‘Learn.Save.Earn.’
More activity ideas can be found here.
Global Money Week over the years
The number of participating countries* has grown since the initiative launched in 2012:
- 2019 – 152 countries
- 2018 – 151 countries
- 2017 – 137 countries
- 2016 – 132 countries
- 2015 – 124 countries
- 2014 – 118 countries
- 2013 – 80 countries
- 2012 – 21 countries
*including overseas territories
Who is the organiser of Global Money Week?
GMW, the flagship youth Financial Education Campaign developed by Child & Youth Finance International (CYFI), has been handed over to the OECD International Network on Financial Education (OECD/INFE). Therefore, the 9th Edition of Global Money Week will be organised by the OECD/INFE. Learn more about INFE here.
The OECD and its International Network on Financial Education (INFE) support policy makers and public authorities to design and implement national strategies for financial education, individual financial education programmes, while also proposing innovative methods for enhancing financial literacy among the populations of partner countries. Read more here.
What is the slogan of GMW?
‘Learn.Save.Earn.’ is the official slogan of the Global Money Week (GMW). Initially used as the theme of GMW2017 and transformed into the Campaign’s slogan, we believe it conveys the key messages of the GMW Campaign and supports the goal of the Week by empowering children and youth to not only learn to manage their money wisely, but to help them transfer their knowledge to their families and to entire communities. In addition, the slogan ‘Learn.Save.Earn.’ helps everyone to create a variety of events and activities around these topics that help children and youth to:
- Learn to manage money wisely
- Save for their futures
- Earn for themselves and their families
Where can you learn more about Global Money Week?
CYFI has published 6 GMW Reports since 2013. These Reports will provide you with an overview of activities and events that took place in different countries around the world. They are full of fantastic ideas of how children and youth, communities and countries around the world have taken part in GMWs.