2024 Cape Verde Global Money Week

GMW NATIONAL COORDINATOR:

• Banco de Cabo Verde

PARTICIPATING ORGANISATIONS:

• General Audit of the Securities Market (AGMVM); Cape Verde Stock Exchange (BVC); OEJ Juventude, Association for the Promotion of Financial Education (PROFIN), Association of Young Economists (AJECON), the School of Business and Governance (ENG) of the University of Cape Verde (UNI-CV) and High school Fulgêncio Tavares.

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 12

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 220

NUMBER OF ADULTS REACHED DIRECTLY:

• 260

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 2 000

The 12th edition of Global Money Week was coordinated by the Central Bank of Cape Verde (BCV) in partnership with the Cape Verde Stock Exchange (BVC), the General Audit Office of the Securities Market (AGMVM), OEJ Juventude, the Association for the Promotion of Financial Education (PROFIN), the Association of Young Economists (AJECON), and the School of Business and Governance (ENG) of the University of Cape Verde (UNI-CV). Collaborations also included a local community radio station and a local high school. As the coordinator of the 12th GMW edition, the Central Bank of Cape Verde provided resources for the organisation of the week.

"Protect your money, secure your future" was the official theme of GMW 2024. The Central Bank prioritised schools and communities for the implementation of its financial literacy activities, aiming to reach the largest number of young people.

The highlights of this edition included the opening of the Central Bank Museum, which hosted various educational visits of students and their parents.

A radio programme named "Growing Up Rich" was produced and aired on a local community radio station during Global Money Week, covering various financial education topics relevant to students, parents, and the broader community.

For the eighth consecutive year, the Cape Verde Stock Exchange (BVC), in partnership with the Central Bank of Cape Verde (BCV) and other institutions promoting contributed to the development of the following activities: the Stock Exchange Tournament - Financial Education Olympics, a webinar entitled “Capital Markets: Products and Operation of the Cape Verde Stock Exchange,” and the “Blu-X Walk.”

2023 Cape Verde Global Money Week

GMW NATIONAL COORDINATOR:

• Banco de Cabo Verde

PARTICIPATING ORGANISATIONS:

• General Audit of the Securities Market (AGMVM); Cape Verde Stock Exchange (BVC); OEJ. Youth (non-governmental organisation), Association for the Promotion of Financial Education (PROFIN), Association of Young Economists (AJECON), and the Municipality of Sal Island, University of Cape Verde (UNI-CV), Business School (ENG) and 2 high schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 620

NUMBER OF ADULTS REACHED DIRECTLY:

• 320

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 4 000

The Banco de Cabo Verde jointly with partner institutions implemented financial education activities during the GMW, within the frame of the National Financial Education Plan (PNEF).

2022 Cape Verde Global Money Week

GMW NATIONAL COORDINATOR:

• Central Bank of Cape Verde

PARTICIPATING ORGANISATIONS:

• General Audit of the Securities Market (AGMVM), Cape Verde Stock Exchange (BVC), OEJ Youth, Association for the Promotion of Financial Education (PROFIN), Association of Young Economists (AJECON), Community Association – Friends of Safende (ACAS), HUMUS – Youth for Peace and the Municipality of São Miguel (CMSM), University of Cape Verde (UNI-CV), Business School (ENG), 10 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 18

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 820

NUMBER OF ADULTS REACHED DIRECTLY:

• 4,000

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 6,200

Throughout Global Money Week 2022, the Bank of Cape Verde, along with partners, reached out to children and youth in various communities through virtual activities, such as webinars and online contests focused on financial education and savings.

During GMW2022, financial education sessions were offered to children, youth and adults, mainly through digital media. The campaign programme also included school visits, webinars, workshops, lectures, conferences, financial competitions for college students, a financial cartoon contest, and other awareness raising events. Financial education workshops for university students were promoted in schools and universities throughout different communities. All these GMW events highlighted the importance of saving, managing money responsibly, improving skills and strengthening financial capacity to make wise money choices.

Throughout the Week, young people were able to participate in comic strip competitions promoted by Fin Academy and another competition launched by the Cape Verde Stock Exchange, in which the best works were awarded.

2021 Cape Verde Global Money Week

GMW NATIONAL COORDINATOR:

• Bank of Cabo Verde (BCV)

PARTICIPATING ORGANISATIONS:

• General Audit for Securities Market (AGMVM); Cabo Verde Stock Exchange (BVC); OEJ. Juventude (non-governmental organisation), Association for the Promotion of Financial Education (PROFIN), Association of Young Economists (AJECON), Communitarian Association – Friends of Safende (ACAS) and Municipality of Santa Cruz (CMSC), 3 universities and 13 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 20

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 933

NUMBER OF ADULTS REACHED DIRECTLY:

• 30

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 8,000

Throughout Global Money Week 2021, the Bank of Cape Verde with partners reached 933 children and youth through several digital and in-person activities that included many financial education sessions and contests for students in schools. Financial supervisory authorities, universities and associations organised financial literacy webinars, seminars and workshops. Several rallies followed of sensitisation actions on financial education for children and families and financial education publications were made available online.

2019 Cape Verde Global Money Week

LEADING ORGANISATIONS:

• Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC), Association of Young Economists (AJECON)

PARTICIPATING ORGANISATIONS:

• Association for Consumer Protection (ADECO), Associação Comunitária de Safende, Cabo Verde Woman´s Organisation (OMCV), Centro de formação Profissional - CCFPO, Escola de Ciências Agrarias e Ambientais da Universidade de Cabo Verde (ECAA), Escola de Negócios e Governação da Universidade de Cabo Verde (ENG), Estudantes de quarto ano do curso de desporto da Universidade de Cabo Verde, Grupo de animação infantil Kutumbembem, Instituto Superior de Ciências Económicas e Empresariais (ISCEE), Instituto Superior de Ciências Jurídicas e Sociais (ISCJS), Municipality of Praia (SEPAMP), OEJJuventude (Youth Association), Radio Cidade, Radio Comunitária de Ponta d’água, Radio de Cabo Verde - RCV, Radio Praia FM, Universidade de Santiago (US), Universidade Jean Piaget de cabo Verde

NUMBER OF CHILDREN REACHED DIRECTLY:

• 2 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 7 000

Central Bank of Cabo Verde (BCV)
The 2019 edition of Global Money Week was coordinated by the Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC) and Association of Young Economists (AJECON). During the Week, financial literacy awareness sessions were offered to children, youth, families and entrepreneurs. The sessions included school visits, training, workshops and lectures, visits to financial institutions (Central Bank and Stock Exchange), conferences, financial challenges for university students (Financial Education Olympics), a financial rally and other financial literacy sensitization were also promoted by various stakeholders in universities and communities. Financial education workshops were organised by PROFIN for university students, where they learnt how to use money responsibly and were introduced to the importance of saving, responsible money management, improving skills, and strengthening financial capability to make wise money choices. A major conference on Financial Education was organised by the University of Cabo Verde in partnership with PROFIN, OMCV and SEPAMP, to also commemorate the Women’s national day. Following the conference, university students (Financial Education Multipliers) conducted a sensitization in the major national informal market, where they helped female entrepreneurs how to manage wisely their money. The awareness material was prepared by PROFIN. University students took part in three training sessions (Financial Education multipliers), where they learnt how to raise awareness on the importance of financial education, to improve the quality of life of families, and to support entrepreneurs. They participated in the awareness campaign in the communities, which benefited about 300 families. The Central Bank of Cape Verde received first year university students for a guided visit and organised lectures about the financial system, the history of money, and the importance of savings. The Cabo Verde Stock Exchange (BVC) received first year university students for a guided visit and organised lectures about the financial market in Cabo Verde and the work of the Stock Exchange in the financial system. The Association of Young Economists (AJECON), promoted a financial walk (Saúde na corpo i na bolso) to show the connection between being fit and healthy with a good future for communities and prosperity, which translates to their overall financial and health fitness. All stakeholders engaged in GMW2019 organised a “Financial Education Olympics” promoted by the Central Bank of Cabo Verde. 4 universities were invited, and a lot of traditional games were conducted by students of the Sport Department of the Cabo Verde University. PROFIN organised a community rally with children from Kutumbembem cultural group to sensitize them about the importance of money and the need to take responsibility for a better and more prosperous future. Three radio stations engaged in GMW2019 and they spread the message across the population about the GMW initiative, the importance of money, and the need to manage wisely our money for a better future.

2018 Cape Verde Global Money Week

LEADING ORGANISATIONS:

• Association for the Promotion of Financial Education (PROFIN)

PARTICIPATING ORGANISATIONS:

• Association for Consumer Protection (ADECO), Association of Young Economists (AJECON), Camara Municipal of Santa Cruz (CMSC), Comunitária de Ponta d’água Radio, Comunitária de Santa Cruz Radio, Delegation of the Ministry of Education in Santa Cruz, Educativa Radio, Movimento Jovens pela Paz (Youth Movement for Peace), Programa OPORTUNIDADES, Regional Commission of Partners of Santiago Norte, Universidade de Cabo Verde/Escola de negócios, 18 schools

NUMBER OF CHILDREN REACHED DIRECTLY:

• 1 150

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 4 000

Association for the Promotion of Financial Education (PROFIN)
Cape Verde has regularly participated in Global Money Week and a huge event was organised in the municipality of Santa Cruz for the 2018 edition. Coordinated by PROFIN with the support of the Municipality and a delegation of the Ministry of Education, financial education workshops were dedicated to all children in grades 5 and 6 (aged 10 and 11). Children learnt how to use money responsibly and were introduced to the importance of saving and making wise money choices. The municipality of Santa Cruz is home to the poorest communities in the country but also to the greatest potential for development. The concentration of most GMW2018 activities in this community benefited children who are at a critical stage in their education. By taking part in these activities, children can spread their financial knowledge in their homes and neighborhoods. Throughout the Week, 85 adults took part in three training sessions where they learnt how to raise awareness on the importance of financial education, to improve the quality of life of families, and to support entrepreneurs. The trainees participated in the campaign in Santa Cruz, which benefited all the elementary schools in the area. Financial Education workshops were held for students in grades 10 and 11 (aged 15 to 17). Thanks to radio stations, the message was spread across the population about the importance of money and the need to take responsibility for a better and more prosperous future. Cape Verde is a country with great ambitions but, in many cases, families are not able to save and find themselves in debt. GWM is an important annual event that raises awareness among the population on the importance of money in their lives and allow them to effectively participate in the country's development. The participation of the Association of Young Economists (AJECON) was essential in achieving the widespread results.

2017 Cape Verde Global Money Week

LEADING ORGANISATION:

• LIFE - Association for financial literacy promotion

NUMBER OF CHILDREN REACHED DIRECTLY:

• 500

LIFE - Association for financial literacy promotion launched GMW 2017 with 50 kids in Safende Neigbour on 27 March 2017. Other activities organised as part of the GMW 2017 celebrations were the conference for college students on 28 March and an educational session with youth in a community center on 29 March. 1 April marked the most festive day of Global Money Week celebrations in Cape Verde with many fun and educational activities for children and youth, including radio talk shows with kids about financial literacy and a football match with 200 kids to raise money awareness!

2016 Cape Verde Global Money Week

LEADING ORGANISATIONS:

• Cape Verde National Poverty Alleviation Programme

PARTICIPATING ORGANISATIONS:

• Elementary School of Safende
• Group of young artists of Praia City

DATE OF THE EVENT:

• 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

• 32

Cape Verde joined the Global Money Week celebrations for the first time this year, with three days of activities planned in the capital between the 16 - 18 March. On Wednesday, a session on the topic “Money as a friend for youth” was held for students between 13 and 18 years of age. The students also had some time allotted for them to ask their questions after the presentation about GMW, the origins of money and the importance of saving. The following day, the same session was hosted by the Elementary School of Safende, for children between 10 and 12 years of age. Finally, a workshop on the theme “Earn, manage and save money” took place for a group of young artists.