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2019 Morocco Global Money Week

LEADING ORGANISATIONS:

  • Fondation Marocaine pour l'Education Financière (FMEF)

PARTICIPATING ORGANISATIONS:

  • 20 Banks, Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS), Autorité Marocaine du Marché des Capitaux (AMMC), Bank Al- Maghrib (BAM), Bourse de Casablanca, Dar As Sikkah (BAM), Fédération Marocaine des Sociétés d’Assurance et de Réassurance (FMSAR), Fédération Nationale des Associations du Microcrédit (FNAM), Groupement Professionnel des Banques du Maroc (GPBM), Ministère de l’Éducation Nationale de la Formation Professionnelle de l’Enseignement Supérieur et de la Recherche Scientifique (MENFPESRS), Musée de la monnaie (BAM), Office de Formation Professionnelle et de Promotion de travail (OFPPT), Secrétariat d’État chargé de l’Artisanat et de l’Économie Sociale (SECAES)

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 220 000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2 500 000

Fondation Marocaine pour l'Education Financière (FMEF)
The Global Money Week celebrations in Morocco were once again organised by FMEF. This year, FMEF focused not just on children in primary and secondary schools, but also on students doing internships at professional training centers. University students and micro-entrepreneurs also participated in the campaign and were taught with educational materials, which were adapted to their needs. Trainers and representatives from FMEF conducted seminars on monetary policy in Morocco, insurance and social security. Additionally, awareness building workshops in schools and training centers were organised. Visits to the Bank Al-Maghrib money museum were organised. Additionally, The Capital Markets Authority of Morocco, the Insurance Control and Social Security Authority, the Stock Exchange of Casablanca, as well as the Moroccan Bankers Association and the Moroccan Insurance Group organised tours through their establishments. To ensure that youth, who were not able to participate directly in the events, were still included in the Campaign, the media coverage and digital campaign was extremely extensive, through publications on practical information, quizzes and education videos. The celebrations continued throughout the entire month of April.


2018 Morocco Global Money Week

LEADING ORGANISATIONS:

  • Moroccan Foundation for Financial Education (FMEF)

PARTICIPATING ORGANISATIONS:

  • Casablanca Stock Exchange, Central Bank of Morocco (Bank Al Marghib), Dar As-Sikkah, Ministry of National Education (Higher Education) Vocational Training and Scientific Research, Ministry of Tourism, Air Transport, Crafts and Social Economy, Monetary Museum, Moroccan Capital Markets Authority, Moroccan Federation of Insurance and Reinsurance Companies-, Office of Vocational Training and Work Promotion, Professional Group of Banks of Morocco, Supervisory Authority for Insurance and Social Welfare

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 250 000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 3 500 000

Moroccan Foundation for Financial Education (FMEF)
Morocco celebrated the 7th edition of Global Money Week, also known as “Journées de la Finance pour les Enfants et Les Jeunes au Maroc”. As every year, the Moroccan Foundation for Financial Education initiated and managed the Week in Morocco. All stakeholders throughout every region of the Kingdom were highly involved in this year’s celebrations. The week revolved around creating gender equality and rural-urban equality, as well as children with specific needs. The programme included visits to branches of the Central Bank, other banking and insurance institutions, the Money Museum, the Casablanca Stock Exchange, and the Dar As-Sikkah, producer of Moroccan currency. This year was the first year that FMEF initiated awareness sessions on financial education with the Authority of Insurance Supervisory and Social Protection and the Moroccan Capital Market Authority. Each organisation invited high school students for presentations. FMEF published financial education contents on multiple social media platforms, including a quiz on finance topics. Additionally, booklets were published for different age groups in both Arabic and French. The booklets simplified themes such as budgeting, income, expenses, savings, credit, different means of payment, stock exchanges, and financial institutions. Other events included awareness sessions for children with special needs, integration of students from vocational training centers, and the launch of a mobile app, “MIZANIYATI”, which broadcasts financial education content to Moroccan citizens.


2017 Morroco Global Money Week

LEADING ORGANISATION:

  • Fondation Marocaine pour l’Education Financière (FMEF)

IN PARTNERSHIP WITH:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 880

NUMBER OF CHILDREN REAHCED INDIRECTLY:

  • 9100

The Moroccan Association for Financial Education (FMEF) has begun the celebration of the Global Money Week 2017 by organising a high level meeting in April 2017 dedicated to the Finance Days for Children and Youth (JFEJ) at the Global Money Week GMW. This event brought together all public and private stakeholders who work with the JFEF and was marked by the participation of Child and Youth Finance International (CYFI). In addition to the central leaders, this meeting also included the participation of regional heads of institutions involved in the organisation of the Children and Youth Finance Days in all regions of the Kingdom, namely 12 regional education authorities, more than 10 commercial banks, BAM agencies and representatives of insurance companies. The meeting was an opportunity to present the new project “Schoolbank”, which aimed to educate children and youth about financial inclusion. Within the framework of the FMEF partnership with CYFI, a specific action plan between the two parties has been put in place for the integration and adaptation of this programme in Morocco. Finally, the meeting was an opportunity to reiterate the commitment of all stakeholders in the development of financial education for children and youth in Morocco.

Participants were the Director of Development of the Casablanca Stock Exchange; the Managing Director of the Moroccan Banking Association (GPBM); the Secretary General of the Ministry of Education and Vocational Training and Higher Education and Scientific Research; the Executive Director of the Moroccan Foundation for Financial Education (FMEF); the Managing Director of Child and Youth Finance International (CYFI); the Director of the Moroccan Federation of Insurance and Reinsurance Societies (FMSAR) and the Director of Networks and Information Centers, who all recalled the importance of these days for the extension of financial matters to children and youth.

The organisation of GMW ensured maximum coverage of the whole country by ensuring the integration of two important dimensions: the rural and the gender approach. The efforts of all the partners taking part in this event have bee n multiplied in order to guarantee the success of these days and the objectives assigned to them.

This year, 150,000 children benefited from the programme of visits to financial institutions and the training sessions in institutions. Efforts were also made to reach more rural areas and to diversify information activities and affected schools.

The number of schools who participated this year across all regions of the country is 2262. The number of trainers exceeded 1900 and the number of banking agencies that welcomed our young participants exceeded 1460 agencies.

On the last day of GMW2017, 32 mute and deaf children, accompanied by three supervisors (of whom two communicated to them by sign language) benefited on the last day from a visit to a bank agency in the region of Agadir.

The FMEF also led a campaign on social networks, notably Facebook, which reached 5 million young people between the ages of 13 and 30 within the context of the Finance Days. This campaign came in the form of a quiz with several questions on personal finances.

Taking into account the results of previous surveys from JFEJ and recommendations from partners, the FMEF has developed a new booklet for elementary school pupils (7 to 11 years old) covering the following topics: budgets, savings, credit, the bank and the means of payment. These themes are portrayed in a very simplified way with illustrations to help children remember the concepts mentioned.

The new booklet offers children the opportunity to play games related to budget management, money and currencies under the section “Have fun!”. It also includes a questionnaire that will allow the FMEF to assess whether children feel the tool is effective.


2016 Morocco Global Money Week

LEADING ORGANISATION:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 150 000

organised 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 programme, 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 ORGANISATION:

PARTICIPATING ORGANISATIONS:

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 150 000

organised 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 programme, 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 THE ORGANISING 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 organisers. 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.