Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Field trips for schoolchildren among plans for Global Money Week 2022

Field trips for schoolchildren among plans for Global Money Week 2022

Money Matters BVI (MMBVI), the financial literacy and financial education programme at the BVI Financial Services Commission (BVIFSC), will lead the [British] Virgin Islands as it joins the rest of the world in marking Global Money Week 2022 from Monday, March 21 through 27, 2022.

Global Money Week (GMW), is a financial awareness celebration, organised by the Organisation for Economic Co-operation and Development, International Network on Financial Education (OECD INFE), focused on developing financial literacy skills in children and young adults.

Outreach activities planned


According to a press release from BVIFSC today, March 18, 2022, in celebration of GMW, MMBVI has planned several outreach activities including the launch of a billboard near Pasea Estate, social media promotions and the key featured activity; planned field trips for primary and secondary students to local financial services institutions.

“While March is a hectic month for BVI youth with GMW coming on the heels of other local activities like Education Week and sporting competitions, according to principals and financial executives, the field trips are crucial since they present the opportunity for youth to have coordinated experiential interaction with financial institutions,” the press release stated.

Field trips


Mrs Rhonda D. Hodge-Smith, Coordinator of Financial Literacy at the Commission, stated that “the field trips would serve as a virtual extension of the educational setting.

Students participating can gain firsthand knowledge of product offerings, the working of the institutions, and an understanding as to how financial products fit into the individual armoury for wealth building and preservation. Further, older students should obtain an introduction to the macroeconomic frameworks for the protection of market users.”

Institutions to be visited will fit into the broad categories of the regulator, government accounting, and providers of banking, insurance, and investment products.

‘Plethora of financial products available to public’- Kenneth B. Baker


Managing Director and Chief Executive Officer of the Commission, Mr Kenneth B. Baker, in emphasising the importance of GMW, stated that “there are a plethora of financial products available to the general public; however, one should understand the relevance of those products before subscribing to them. With its emphasis on childhood financial literacy, Global Money Week has presented an excellent opportunity for the Commission through its financial literacy programme – Money Matters BVI, to engage young and not so young audiences through initiatives that raise awareness regarding financial products. In the long run, the expectation is that we will see generational improvements in financial literacy via improved knowledge, understanding, and confidence in decision making toward personal economic goals.”

Mr Baker added that “a more financially literate and financial capable population is a win not just for the impacted individuals, but also for our entire economic and financial system.”

For more details on Global Money Week activities and the work of MONEY MATTERS BVI, persons may call 852-4777 or visit the MMBVI Facebook page @moneymattersbvi.

Money Matters BVI (MMBVI), the financial literacy and financial education programme at the BVI Financial Services Commission (BVIFSC), will lead the [British] Virgin Islands as it joins the rest of the world in marking Global Money Week 2022 from Monday, March 21 through 27, 2022.


Mrs Rhonda D. Hodge-Smith, Coordinator of Financial Literacy at the BVI Financial Services Commission, stated that the field trips will allow participating students to gain firsthand knowledge of product offerings, the working of the institutions, and an understanding as to how financial products fit into the individual armoury for wealth building and preservation.


Managing Director and Chief Executive Officer of the BVI Financial Services Commission, Mr Kenneth B. Baker, in emphasising the importance of Global Money Week, stated that ‘there are a plethora of financial products available to the general public; however, one should understand the relevance of those products before subscribing to them.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×