The Fiji Development Bank’s sponsorship of the Money $mart™ programme under the Commercial Studies curriculum in Fiji secondary schools, turns a new page as the Bank’s support extends to include Invest $mart™ in 2011.
To help students take on this next phase of learning, the Bank will hand over 33,000 student work books and 200 teachers guide and assessment booklets valued at $32,000 to the Ministry of Education on Tuesday, 10 May 2010.
Money $mart™ is a financial literacy programme developed by FDB and the MoE in 2006 and taught under the Commercial Studies syllabus to third form students.
Implemented in 2007 into 162 secondary schools in Fiji and one in Tuvalu, the key objectives of Money $mart™ are to help young people learn about the value of money from planning to budgeting, differentiating their needs from their wants and saving for key events in their lives.
The students also save money as part of their assessment.
Up until the end of last year ,Money $mart™ was a compulsory internal assessment task subject accounting for 30% towards the student’s Fiji Junior Certificate Examination marks for the Commercial Studies subject.
Early last year, the MoE made the decision to phase out the FJCE by the end of 2010 and in its place, internal assessment tasks will continue at the Form Four level.