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Financial Education in Schools Program

On August 17th, the Financial Education in Schools Program was launched, promoted by the Ministry of Education (MEC). The program has the support of the Federal University of Mato Grosso do Sul.

The program's objective is to train basic education teachers – public, private and civic-military – to disseminate financial education in Brazilian schools, so that students can develop a culture of planning, prevention, savings, investment and conscious consumption.

The goal of Financial Education in Schools is to train 500,000 basic education teachers in three years and, therefore, reach 25 million students in this period. Teacher training will be carried out gradually: 1st year: 75 thousand teachers; 2nd year: 250,000 teachers; and 3rd year: 175 thousand teachers.

The initiative to carry out the program is provided for in the Technical Cooperation Agreement between the Brazilian Securities Commission (CVM) and the MEC. “In September of last year we started this dialogue with the CVM on how the MEC could build a concrete development agenda in financial education. This topic is not new, there is already a lot of discussion about financial education. (...) The novelty of this program comes precisely because the focus is on the teacher. We often want to put financial education on the agenda within schools, but we forget how we can work on the safety of our teacher in the classroom. With a teacher who is sure of the topic he is going to develop there, the impact on those students will certainly have greater potential”, said Renato de Oliveira Brito, director of Teacher Training and Appreciation of Education Professionals.

Also present at the launch event were the Minister of Citizenship, João Roma; the president of CVM, Marcelo Barbosa; the president of Banco do Brasil, Fausto de Andrade Ribeiro; and representatives of the RBCIP Innovation Council.

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