PRESS RELEASE: Gordon and Walcott School host CIBC FirstCaribbean for Financial Information Month
Castries, October 13th, 2017; Grade Six students at the Gordon and Walcott Methodist Memorial School recently got some insights into the advantages of saving early and budgeting.
As part of activities for Financial Information Month (FIM) the school partnered with CIBC FirstCaribbean International Bank to stage the special session.
October is the month designated by the Eastern Caribbean Currency Union (ECCU) to promote financial education across the ECCU. The success of FIM depends on the effectiveness of the collaboration between academic institutions, the media, private and public sector institutions, community–based groups along with the financial services sector, to bring the national focus on financial planning and savings.
The presentation to the six graders and their teachers dealt specifically with savings and budgeting, and was designed to ensure heightened interaction especially from the students.
The FIM 2017 theme Retirement Planning: Making Your Golden Years Golden is geared towards sensitizing the public that planning for retirement should begin from the first day of employment and continue throughout an individual’s income-earning years to ensure a good quality of life after active employment.
The activities which includes a Retirement Planning Symposium in each country, will provide information on actions that current and future generations of retirees need to take now to help ensure a smooth transition to retirement and that they are able to maintain a good standard of living throughout their golden years.
The Methodist school activity is one from a schedule of events in Saint Lucia which includes other school presentations, Radio Talk shows and other awareness building activities.
The month forms part of an ECCU financial education programme coordinated by the Eastern Caribbean Central Bank (ECCB) aimed at creating a financially developed and vibrant ECCU region that fosters strong and sustainable economic growth and the improved well-being of the citizenry.