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Global Money Week 2018

What is this all about, the participation

The Centre for Financial Inclusion (CFI) in collaboration with the Central Bank of Swaziland (CBS) coordinated and facilitated the launch of the 2018 Annual Global Money Week. The Global Money Week is an initiative by the Child and Youth Finance International (CYFI) to inspire the children and the youth to learn about money matters, livelihoods and entrepreneurship. Collaboration was established with the Junior Achievement (JA) to facilitate the mobilization and participation of 12 schools from the 4 regions of the country. The theme of this year event was themed “Money Matters matter”. 

This event is inspired by the belief that financial education gives one the ability to use knowledge and skills to manage financial resources effectively. The CFI and CBS is spearheading this event, as part of the financial inclusion programme for the country. The 5-day event is also meant to support the implementation of the National Financial Inclusion Strategy (NFIS) which aims to afford accessible, appropriate, quality and financial services and products for the general population of the country.

The Launch by the Governor & Honourable Minister of Education and Training  

The first start of the event was launched on Monday 12th March 2018 at the George Hotel in Manzini by both the Governor of the Central Bank and the Honourable Minister of Education and Training, Dr Phineas Magagula. Both the Governor and the Minister emphasised the need for children and young people to be taught the financial management skills from an early age, so that they become better people later in life. The launch was attended by stakeholders from the financial services sector, amongst others the Financial Services Regulatory Authority and the Bankers Association, Junior Achievement, Ministry of Education as well as children and teachers from the various schools in the Manzini Region. 

Number of schools/students covered 

12 schools and 920 High School pupils from the four regions of the country participated in this year’s event, where they were debating and presenting on why “money matters matter” and extending the discussion to the importance financial education to impart the requisite skills so that they become practical in the way they deal with the pocket money they are given by their parents.    

The Centre for Financial Inclusion is a semi-autonomous body under the auspices of the Ministry of Finance (MoF) to facilitate access to financial services for micro-entrepreneurs and the un-banked population through creating an enabling environment for the sector.