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



Number of children reached directly: 880
Number of children reached Indirectly: 9100

The Moroccan Association for Financial Education (FMEF) has begun the celebration of the Global Money Week 2017 by organizing 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 organization 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 program 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 organization 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 program 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 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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