We introduced our latest initiative, Global Money, at the 2011 World Bank and International Monetary Fund Spring Meetings held from April 15 to 17 in Washington, D.C.
Led by HOPE Founder, Chairman and CEO John Hope Bryant, the session involved a distinguished panel of international business and nonprofit leaders including Coordinator of the World Bank Global Program on Consumer Protection and Financial Literacy Sue Rutledge; Vice President Sub-Saharan Africa at the International Finance Corporation Thierry Tanoh; and Chairman of Strategic Concepts (Pty) Ltd. Sean Cleary. The session received support from Ambassador Honorable Edith Grace Ssempala Senior Advisor, External Affairs, World Bank Global Civil Society Team, among others.
“The financial crisis we are experiencing now is global. We need to do a better job at not only providing underserved communities with opportunities, but we also need to teach them the rules of the game,” said Bryant, who currently serves the Obama Administration on the U.S. President’s Advisory Council on Financial Capability. “All people want to be treated with dignity and have the chance to prosper. Global Money is the first step in the Silver Rights Movement providing all world citizens with the practical financial literacy and empowerment tools that can help them build a solid foundation for their future.”
Global Money, based on HOPE’s award-winning financial literacy curriculum Banking on Our Future was launched to the public-at-large at a press conference on March 3, 2011, along with our first Country Partner Morocco and the Casablanca Stock Exchange. The program is now available at www.globalmoney.wikia.com in Arabic, French, Spanish and English. Free to all and made available online and on a non-commercial basis through a “commons” license, Global Money expects to be made available in the next 18 months in the world’s top 50 languages.
Global Money is a collaborative partnership bringing together programming from Operation HOPE and utilizing Wikia’s online collaborative publishing platform, to allow Country Partners to translate and adapt HOPE’s English language financial literacy curriculum. By engaging Country Partners throughout the world, Global Money tasks them with the responsibility of translating and contextualizing the English version of the Banking on Our Future curriculum into their country’s local language, while infusing local culture and financial systems into the documents. These documents would then be uploaded and shared online at the Global Money Wikia site to the community at large. This allows community leaders–whether it be a parent, teacher, or advocate–to print and use these documents to teach and empower youth and adults with localized and relevant lessons about money.
This Global Money Forum will compliment the civil society voice around the global financial literacy campaign, in particular in Africa, South America and North America. Currently, the World Bank is itself working on financial education through its World Bank Global Program on Consumer Protection and Financial Literacy.