Child & Youth Finance International (CYFI) collaborated with leading partners in the Netherlands on an event taking place on 30 March 2017 to highlight the importance of financial inclusion for youth.
The 6th edition of "Global Money Week", celebrated in 135 countries worldwide, took place from 27 March - 2 April 2017. The Dutch Money Week, "Week van het geld", is organized during the same period. Both events provide an excellent opportunity to raise awareness of the importance of financial education and financial inclusion by connecting children and youth from around the world.
This special joint Global Money Week celebration is organized by CYFI in collaboration with the Money Wise Platform (platform Wijzer in geldzaken), Aflatoun International and partners. Her Majesty Queen Máxima of the Netherlands, honorary chair of the Money Wise Platform, joined the celebration.
Linking with the important issue of providing child and youth-friendly services, Queen Máxima received the pioneering document "Safer Payment Products for Minors – guiding minors towards financial autonomy," co-authored by CYFI and Mastercard in collaboration with partners. As the UN Secretary General's Special Advocate for Inclusive Finance for Development and honorary patron of the G20's Global Partnership for Financial Inclusion, Queen Máxima is a leading global voice advancing universal access to affordable, effective and safe financial services in order to strengthen human development, especially among the poor. In The Netherlands she supports financial inclusion particularly in the areas of financial literacy and financial education.
Moderated by renowned Dutch TV presenter and global traveler Floortje Dessing, the event included an interactive "Trip Around the World" connecting Dutch and international children and youth to share insights on what the Global Money Week theme "Learn. Save. Earn" means to young people in their country, and addressing the issue: does money make you happy? During various interactive workshops, school students focused on key themes such as saving and borrowing, digital payments, tools for entrepreneurs, and social and financial education.
In the afternoon, international stakeholders, including representatives of central bank and corporations joined a round table discussion on "Digital Finance and Consumer Protection Implications for Youth (digital natives)." Panelists discussed opportunities, challenges, risks and solutions related to digital financial inclusion of the young generation.
Official press release from the Royal House of the Netherlands can be found (in Dutch) here.