2022 Libya Global Money Week

GMW NATIONAL COORDINATOR:

• Ministry of Education and Central Bank of Libya

PARTICIPATING ORGANISATIONS:

• 71 schools, 2 banks, Bank of Commerce and Development in Shahat ,Tobruk ,Al Qubah and Ajdabiya, Headquarters of general Administration National Commercial Bank in Al-Bayda, National Commercial Bank in Benghazi-Gumhouria, Bank in BASHER ,Brega and Derna, Children Agency Bank of Commerce and Development, ATIB, Islamic Finance Bank, Alwahda Ben Jawad, scouting organisations, 11 universities (Balagrae University, Omar Qubah Omar Mukhtar University Faculty of Economics, International University, Modern Benghazi University, Alqala Al-Baida Institute for Administrative and Financial Sciences Shahat, Institute of Science Technology Shahat, Research and Consultation Center Tobruk, Higher and Intermediate Institute, Derna OM University, Alsedra University, Brega OM University), Asas for Academic Consultant Center in Al-Bayda-Civil Society Commission, Nahdet Watan Organisation, Al.Ishraqa school in Albayda, Autism School, Deaf School in Al-Bayda and Tobruk, Theater in Ajdabiya, Al-Marj Center for Comprehensive Social Care, The Red Crescent, sports clubs, Radio Do, Radion Awjilah, Almasar Channel, Masaref Channel, Alhadath Channel, Libya AlMostaqbal Channel, Almasar Channel, Aflatoun Day

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 123

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 10,307

NUMBER OF ADULTS REACHED DIRECTLY:

• 3,610

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 5,677

The Central Bank of Libya coordinated numerous activities for Global Money Week 2022 in the country. Drawing opportunities, competitions and theatre plays took place. Educational lectures around running a small enterprise projects were held for over 80 stay-at-home women. The Civil Society Commission organised student visits to young entrepreneurs to help them better understand how these companies work. Al-Ishraqa School for children with down syndrome encouraged over 60 youth to save through setting up small enterprises and markets to selling their products. Similar schools were included in the campaign. In some instances, children were taught how to spend money wisely when shopping and what are the difference between wants and needs. Migrants from Sudanese community living in Awjilah were educated about Banking Financial Services and how to open accounts. Scouting groups targeted 479 children and their leaders through their programme. Visits to sports clubs were made available in four cities. In addition, a Facebook page here was used to publish news and updates pre-, during and post-GMW2022.

Moreover, the Central Bank of Libya, created an initiative called “Save today, Earn Tomorrow” for Global Money Week 2022. This included 12 project teams that consisted of 157 members from cities around the country. Prior to GMW, the campaign programme was presented to all these teams.

Over 8,326 children and youth in about 71 schools received educational sessions on financial skills and money management, saving, budgeting, how to open account, difference between needs and wants. Various materials were shared with youth, such as brochures, toolkits, flash memory sticks, caps, Monopoly games, and more.

Different financial lectures and workshops were held via Google Meet or in classrooms for students in 18 universities. Speakers included financial academics and economics experts.

The Central Bank of Libya team members together with the National Commercial Bank employees visited 12 banks in most of Libyan Cities with an aim to share information about the Banking Sector and Banking Financial Services for over 366 children and youth.

Over 2,200 parents were reached through indirect means to help them learn about short and long-term goals, investment, saving and more.

In collaboration with Aflatoun International a Zoom call was organised on the Aflatoun Day. The call was held between schools in Libya, Yemen and other countries around the world. This gave 300 Libyan students an opportunity to share their experience and stories about building their future though social and financial education.

2021 Libya Global Money Week

GMW NATIONAL COORDINATOR:

• Ministry of Education

PARTICIPATING ORGANISATIONS:

• Central Bank of Libya, the Ministry of Finance, the Ministry of Economy, State Audit Institution, online service companies, banks, civil society organisations, universities, and other institutions

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• Not reported

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• Not reported

NUMBER OF ADULTS REACHED DIRECTLY:

• Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

• Not reported

This year’s edition of Global Money Week was organised through virtual means to avoid large gatherings according to COVID-19 rules. The Ministry of Education collaborated with the Central Bank of Libya, the Ministry of Finance, the Ministry of Economy, State Audit Institution, online service companies, banks, civil society organisations, universities, and other institutions to plan different events. For example, educational institutions held many workshops during the national launch day.

2019 Libya Global Money Week

LEADING ORGANISATIONS:

• Central Bank of Libya, The Ministry of Education

PARTICIPATING ORGANISATIONS:

• 22 Media Organisations, 250 Schools, Afriqiyah company, Almadar Aljadid company, Audit Bureau, Dernas Organisation for Children and Women, General Authority for Women and Children, General Commissioner for Scouts and Guides (scouts of Libya), Higher collage for Administrative and Financial careers(Compote, Benghazi), Higher collage overall Occupations (Alkafra, Derna, Tobruk, (،Ajdabiya , Albayda, Almarj, Salowq, Altmemy, Amusaid, JS Libyan Red Crescent, Katoa, Libyan Airlines company, Libyana Mobile Phone company, Magazine Habaka, National Commission for Education, Culture and Science, Social Solidarity Fund, University of Ajdabiya, University of ben Ali Alsnaosyproject, University of Benghazi, University of Omar Al Mukhtar, University of Tobruk

NUMBER OF CHILDREN REACHED DIRECTLY:

• 2 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 1 850

Central Bank of Libya
Once again, the Central Bank and the Ministry of Education in Libya festively celebrated Global Money Week 2019. The Week was opened by the Minister of Education, honoring students and teachers who participated in the project, “Save it Today, Receive it Tomorrow”, focusing on the promotion of financial education and financial inclusion for children and youth within the country. Other attendants were government representatives, parents, and representatives of civil society institutions. In line with the project, a poetry contest was organised. The Central Bank organised a Smart Festival, where children could learn about money matters, take photos, and receive gifts from the Bank during five days of the Week. Additionally, an entrepreneurial programme was organised for kindergarteners, to teach children and youth about the importance of saving, planning and making budgets. The children learnt how to balance their income, no matter how small the expenses, learning about important life skills like communication, respect for others and their differences, and solving scientific problems through logical thinking

2018 Libya Global Money Week

LEADING ORGANISATIONS:

• Central Bank of Libya, Ministry of Education

PARTICIPATING ORGANISATIONS:

• Afriqiyah Company, Al Bayda Teaching Hospital, Almadar Aljadid Company, Benghazi Economic Capital Development Organisations, Culture and Science, Deaf & Mute Schools, General Commissioner for Scouts and Guides, Higher College for Administrative and Financial Careers, Higher College for Comprehensive Careers for Girls Benghazi, Higher College Overall Occupations, JS Libyan Red Crescent, Katoa for Charity Organisations, Libyan Airlines Company, Libyan International Medical Sciences University (LIMU), Libyana Mobile Phone Company, Magazine Habaka, National Commission for Education, 5 universities, 699 schools

NUMBER OF CHILDREN REACHED DIRECTLY:

• 311 000

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 32 000

Central Bank of Libya
Throughout the Global Money Week 2018, reached over 300.000 children and youth through visits to schools and universities. During the GMW 2018, Financial Literacy awareness sessions were offered to children, youth, and adults, including sessions on savings and investment. High-level discussions, seminars, and other educational sessions were organised in schools, stadiums, clubs, and hospitals. Throughout the Week, young people were able to distribute financial education products to all different age groups. Furthermore, university students had the opportunity to attend workshop on financial education. At the end of the week additional Financial Literacy awareness sessions were held for teachers and university faculty members.

2017 Libya Global Money Week

LEADING ORGANISATIONS:

• Central Bank Of Libya
• Ministry Of Education

PARTICIOATING ORGANISATIONS:

• Administrative Control Authority, Afriqiyah Airlines, Benghazi University, Court of Audit, Libya al-Ahrar TV channel, Libyan Airlines, Libyan Economic and Social Development fund, Libyan Red Crescent (Junior Section), Libyana, National Commercial Bank, National Oil Corporation, Omar Al Mukhtar University, Ahbab Allah” School, Ajdabya University, Al-Madar Al-Jadid, Ben Ali Al Sanai University, General Commissioner for Scouts and Guides, Higher College for Administrative and Financial careers (Compote, Benghazi), Higher College for girls (Benghazi), House of Representatives, Libya Channel, NGOs for economic development Professional High Schools of Alkafra, Derna, Tobruk, Ajdabiya , Albayda, Almarj, Salowq, Altmemy, Amusaid Scouts of Libya, Solidarity and Social Fund, Schools from the following districts (599 schools):
• Benghazi, Albayda, Tobruk, Shahhat, Ajdabia, Almaraj, Aljaghbub, Amsaead, Alabyar, Alssahil, Alwahat, Alabriq, Alssidra, Gaminas, Albariqa, Alrrajban, Zahar Aljabal, Alzzantan, Tazrabu, Durn, Alkafara, Tukarh, Jurdus Aleabid, Tobruk University, Unity Bank

NUMBER OF CHILDREN REACHED DIRECTLY:

• 50 000

NUMBER OF CHILDREN REACHED INDIRECTLY:

• 35 000

The Global Money Week 2017 was organised by the Central Bank of Libya with the support of the Ministry of Education. Different NGOs and companies were involved in the celebration.

The aim of the Global Money Week 2017 in Libya was to help children and youth understand the financial and banking sector’s basic principles, to help youngsters manage their personal savings and invest wisely. Moreover, the overarching objective was to improve the rates of financial inclusion in the country to strengthen the financial, economic and social stability in the country. The organising Committee planned to involve children and youth in schools, civic clubs, charitable institutions as well as kids with special needs, including orphans.

The participants were introduced to the concepts, such as budget, loan, credit and debit card, taxes, investment and stock market. They visited banks, the House of Representatives, the Central Bank of Libya, some companies, the Stock Market and the Supervisory Authorities. Some open forums were set up during the Week. During the forums, students were free to ask questions to experts. Moreover, kids visited some shops where they were encouraged to spend their money wisely.

2013 Libya Global Money Week

NAME OF THE ORGANISING ENTITY:

• Child Right Association

Children visited the Stock Exchange market and spoke with the Stock Exchange Director Mr. Najeeb Ubaidah who explained to them how the Stock Exchange market works.