GMW is an annual global awareness-raising campaign on the importance of ensuring that young people are financially aware from an early age, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience. The 2021 edition of GMW will take place from 22-28 March.
Celebration of Global Money Week in Seychelles
For the fourth consecutive year, UN Youth Seychelles organised activities inclusive of the participation of 12 local organisations to commemorate this year’s GMW theme: Take care of yourself, take care of your money’. This comprised of virtual and physical workshop, interviews, awareness post spanning March 22, to 28, 2021. Due to the ongoing COVID pandemic, this year’s events were carried out largely through virtual webinars.
Global Launch - March 22
Organised by the OECD International Network on Financial Education (OECD/INFE), the Global Launch of Global Money Week 2021, held digitally on Monday, 22 March 2021to help kick-start the 9th Edition of the Campaign in over 100 countries worldwide!
SeyLaunch - March 22
The “SeyLaunch” is our very own opening ceremony video which is specifically dedicated to our small island state, Seychelles. This video celebrates all the accomplishments of the previous GMW’s as well as showcasing the importance of this year’s event in a time where our economy is facing many challenges. The live watch parties will be taking place at 5 on our Facebook page and Youtube page.
'Bonzour Sesesel' - March 22
We will be starting off our week of events on the beloved morning talk show "Bonzour Sesel" to promote GMW. In this interview, we will be answering some frequently asked questions regarding GMW as well as providing additional information on this year’s event.
Spotlight Series - What is your financial take on the pandemic - March 23
The Covid-19 pandemic has surely left its impact on economies but let’s not forget about the effect that it had on the everyday individual that had hopes and dreams that this pandemic has washed away. Alongside these events, various ‘spotlight’ posts were released daily on the UN Youth Seychelles social media platforms on the perspective of numerous individuals on what their financial take on the pandemic is.
Virtual Financial Education For Educators - March 23
The first virtual workshop took place on March 23, 2021 and targeted educators from various fields. The session aimed to sensitise participants from several schools and institutions on several financial topics such as the importance of budgeting, understanding assets and liabilities as well as investment opportunities available in the country. Mr Wellington Manjengwa, a Financial Professional facilitated the session which was followed by the guest speaker Ms Sarentha Luther, a neuropsychologist and researcher who gave her insight on the impact of financial stress on individuals. There were 32 participants who attended the session who all expressed positive feedback.
Virtual Financial Education Tour Economic Track- March 24
The remainder of the week featured a Virtual Financial Education Tour which comprised of presentations from various institutions arranged as: Economics Track, Financial Crimes Track and Business Management Track. The Economics Track Tour comprised of three organisations; The Central Bank of Seychellesa and the Ministry of Finance, Economic Planning & Trade (MoFEPT). Overall 49 participants took part in this track and obtained an overview of each institution’s mandate as well as an understanding of the management of different macroeconomic variables. A participant expressed that “For the MoFEPT there were mostly young people presenting, and I could see how high their level of education was. I'm most definitely aiming high in my studies and probably I could be one of the representatives one day.” .
Virtual Financial Education Tour Financial Crimes Track- March 25
The second financial education tour’s focus was on a prominent issue namely Financial crime. This track was included SACOS Insurance Group, Mauritius Commercial Bank (MCB) and Financial Intelligence Unit (FIU). The webinar had 45 participants and covered aspects such as money laundering, suspicious transactions, risk-based monitoring amongst many others from the perspectives of these sectors of industry. A participant explained - “I learned about various types of financial crimes, measures in place to mitigate money laundering and the impacts of money laundering on the banks. For example, through reputational damage the bank could lead to loss of customers. As well as the impact of money laundering on businesses and the economy.”
Virtual Financial Education Tour Business Management Track- March 26
The final virtual event was another successful event featuring Enterprise Seychelles Agency (ESA) and MCB Seychelles which explained various elements of business management, which included the processes of setting up a business. Further insight into the inner operations of a bank which makes it a successful institution was also discussed. “As a business studies student, it showed me that we learn in class is actually applied in the everyday life of businesses and this is quite encouraging.” said one of the participants.
How to explain what is GMW in sign language?
GMW concluded on Saturday 27th with a collaborative, in-person financial education workshop for the hearing-impaired involving 19 participants. The event was organised by UNYS and CBS to promoted understanding of personal finances and budgeting as well as exploring the role of CBS in Seychelles’ economy and the ability to recognise counterfeit notes ensuring that such campaigns remain inclusive. Mrs Anita Gardner from the Association of people with hearing impairment conveyed that “Most participants participated actively in the sessions through the sign language interpreter and the trainers were also able to learn a few signs along the way. All participants learnt a lot and we have positive feedback. Exciting discussions was going on during tea break and after the sessions. They all expressed their wish to be invited to future workshops.”
Global Money Week 2021 Powered by UN Youth Seychelles