CYFI facilitated a product development workshop in Abidjan, Ivory Coast on the 23rd, 24th and 25th of November. This workshop had been organized in partnership with the Program of Financial Education of the Ministry of National Education.
The Program of Financial Education (PFE) of the Ministry of National Education in Ivory Coast aims at enhancing the financial knowledge of the entire educational community hence, in particular focusing on children and youth in Ivory Coast. The program, established in 2013 with the intention of tackling the challenge of over indebtedness of teacher that had negative consequences on the teaching quality, has already reached 24.000 adults and 60.000 children.
The PFE is also CYFI's partner in the country and leader of the Global Money Week campaign in the country. During the last edition of the Global Money Week, more than 15 events were organized at national level and around 21,700 children were reached. However, Ivory Coast is one of the countries of the region where financial inclusion of youth is amongst the lowest. In an attempt to raise awareness of this matter and engage the private sector towards oriented action, the PFE organized the Product Development Workshop. The workshop aimed at making the case of the importance of youth financial inclusion and guide the local banks and financial institutions in the process of developing child and youth-friendly banking products.
A part of strengthening the collaboration between different key institutions in the country in financial education and inclusion, the workshop laid the ground for the implementation of the SchoolBank project in the country. It is expected that the project implementation will start in the first quarter of the year, in collaboration with local schools, the Ministry of Education, the Plan for Financial Education and GTBank.