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Nearly 500 Students To Learn About Financial Literacy

Close to 500 students are participating in the pilot phase of the Ministry of Energy and Business’ National Financial Literacy Expansion Programme, which has been launched in seven secondary and six primary schools.

And, National Coordinator of the Ministry’s financial literacy initiative, David Simpson, said there has been a great response from the educators and Class 2 and Second Form students to the programme, which will continue into part of Term 3.    

“So far, the responses from the principals and teachers I have spoken to have been overwhelming. They are very happy the programme has finally reached the schools, and the students have exhibited high levels of interest and knowledge of money. In their sessions, some of them have been talking about what we use money for, payment systems, and they are quite knowledgeable.

“As one principal said, and I concurred, it is important to plant those seeds and to guide them accordingly, and by the time the children get to secondary school or become young adults, we should start to see the benefits,” Mr. Simpson stated.

He explained that after the pilot phase, Government would be rolling out the programme in all of the schools and hopefully at all year levels over the next two to three years.  

However, Mr. Simpson pointed out that there has been great interest in financial literacy from other schools.

“A few schools have already requested a few presentations for their senior students who will be graduating in Term 3, and I will facilitate them in the next few months,” he shared.

Financial literacy refers to individuals possessing skills and knowledge on financial matters that enable them to confidently take effective action that best fulfils their personal, family, business, and community goals.

Financial literacy refers to individuals possessing skills and knowledge on financial matters that enable them to confidently take effective action that best fulfils their personal, family, business, and community goals.

The Barbados Workers’ Union (BWU) Co-operative Credit Union Limited is partnering with the Ministry on the National Financial Literacy Expansion Programme for schools. Its Chief Executive Officer, Alana Cadogan, stressed the importance of this initiative, saying “the earlier you start to understand and use various financial skills, the more successful you will be”.

Ms. Cadogan continued: “This programme will be the key to future generations of Barbadians making sound financial decisions that increase their chances of achieving financial freedom and success…. The BWU Credit Union is keen to ensure our youth can reap the rewards of saving, budgeting, financing, investing, and creating generational wealth. This programme aligns perfectly with our strategy to encourage, support, and educate our youth in good money management techniques.”

Facilitator Tianna Maycock looking over the Primary School Financial Literacy Workbook of Wilke Cumberbatch students

Principal of St. Leonard’s Boys’ School, Peter Cox, described the exercise as “a useful…and important one”. He proffered the view that “we need to become more…knowledgeable, then proficient (in financial literacy), and the best place to start that is the home. If the home can’t provide that, then the next place is school, and as early in the school cycle as possible”.

Mr. Cox stated that within the financial literacy exercise, seeds were being planted which would mature.

“I am happy about this exercise; I was anticipating it and I am glad it is here. I am hopeful that it is going to bear fruit, not just for the individual and the community, but for the country as well,” the principal stressed.

Class 2 teacher at the Wilkie Cumberbatch Primary School, Keneita Naitram, said initially she was uncertain about how the financial literacy training would work for the young children. However, she stressed that children spending money at certain events had now convinced her that the activity was timely.

“This would be a very good programme for them to learn from a young age to put aside money to save, so they can have a better relationship with money…. If they develop good money spending habits from this age, then as they get older, they would take those things they learnt, continue with them, and hopefully they would not struggle as much as some…adults are struggling. So, I think it is very useful”,” Ms. Naitram stated.”

Class 2 teacher at the Wilkie Cumberbatch Primary School, Keneita Naitram.

“This would be a very good programme for them to learn from a young age to put aside money to save, so they can have a better relationship with money…. If they develop good money spending habits from this age, then as they get older, they would take those things they learnt, continue with them, and hopefully they would not struggle as much as some…adults are struggling. So, I think it is very useful,” Ms. Naitram stated.

She sat in on the first session last week, and said it was “very interesting”, “practical”, and “a fun experience”, as the children had an opportunity to design their own money and discuss denominations. She added that in the discussions with the financial literacy facilitators, the children looked at the pros and cons of increasing the banknotes.

Ms. Naitram expressed the view that the financial literacy knowledge would help the children in their Mathematics classes when they examine money on the curriculum. 

CAPTION: National Coordinator of the Ministry of Energy and Business’ financial literacy initiative, David Simpson, explaining the importance of financial literacy to 2nd Form students of the St. Leonard’s Boys’ School

Education

Ministry Of Youth Hosts Inaugural Green Tech Expo

The Ministry of Youth, Sports and Community Empowerment celebrated Caribbean Youth Day on Monday by hosting its first-ever Green Tech Expo. It highlighted its commitment to empowering youth to address critical environmental challenges using innovative green technologies.

The Barbados Youth Green Tech Expo, under the theme “Uniting Environmental Sustainability with Innovation and Technology”, was held at the Hilton Barbados Resort, Needham’s Point, St. Michael

It coincided with the end of National Youth Week; an initiative launched by the Ministry in 2015 to highlight the role young people play in national development.

Speaking at the opening of the expo, Director of Youth Affairs, Cleviston Hunte, emphasised the need for collaboration with key youth stakeholders to meet the country’s development goals. 

Acknowledging the setbacks young people have faced, Mr. Hunte reiterated Government’s commitment to working with organisations such as the Ashley Lashley Foundation and other vital partners.

“I extend my heartfelt gratitude to the Ashley Lashley Foundation and all our partners and stakeholders who have worked tirelessly with the Ministry to bring this event to fruition.

“To the many practitioners and other actors in the green space whose collaboration with this Ministry plays a critical role in assisting Government to achieve the mandates set out in the Green Energy Policy, let me say that your unwavering support and commitment to green technology and sustainable development are truly commendable. Together, we have demonstrated that when we unite for a common cause, we can achieve remarkable things.”

CARICOM Youth Ambassador for Barbados and coordinator of the event, Ashley Lashley, noted that the day was a “celebration of the power of young minds to drive change and shape a greener future for our region and our country”.  She noted that generations to come will have “serious issues” when it comes to climate change, and agriculture, as well as creating and maintaining a sustainable green economy.

“We have the energy, creative and passion to solve them, … so ask yourselves, what’s your role in shaping the future,” the Youth Ambassador stated. 

Exhibitors at the Green Tech Expo included the Barbados National Oil Company; Walkers Institute for Regenerative Reserve, Education and Design; Barbados Fisheries Division; the Biocultural Educational Research Programme; Barbados Environmental Sustainability Fund; and Eco Sky Water. (PR/GIS)

Caption: Students of the Parkinson Memorial Secondary School chatting with the founder of Sky Water, Kyle Taylor, at the Barbados Youth Green Tech Expo, Hilton Barbados Resort

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Education

Applications Invited For National Development Scholarships 2024

Applications are invited from suitably qualified Barbadians for the 2024 National Development Scholarships at undergraduate and postgraduate levels.

Applicants must be citizens of Barbados, between ages 18 and 40, and have been accepted at an Internationally Accredited University.

Scholarships may be awarded in the following areas: Data Analytical and Artificial Intelligence; Robotics and Machine Learning; Electronic Vehicle Maintenance; Repair and Engineering; Renewable Energy and Sustainable Development; Indoor Air Quality; Ergonomics and Human Factors Engineering; Forensic Pathology; Communication Sciences and Disorders; Audiology; Speech Therapy; Object Conservation for Sculptures; Archaeology; Artifacts and Ethnographic; and Dendrology.

Programmes offered at campuses of The University of the West Indies will not be considered.

The scholarship covers:

  • one direct economy class ticket to the country of study at the commencement of the course, and one return ticket to Barbados on completion of the programme
  • full tuition fees, payable directly to the university
  • a book allowance of $ 1,000.00 (once)
  • a clothing allowance of $736.00 (once), applicable for students pursuing studies in cold countries, and
  • Living allowance as follows: USA $6,300.00 per annum; CAN.$5,880.00 per annum, and United Kingdom £7,560.00 per annum.

Successful applicants will be required to enter a bond with two sureties to return and work in Barbados on completion of the course, on the basis of one year for each year of the award.

For application forms and further information, visit the website of the Ministry of Education, Technological and Vocational Training (METVT), or collect directly from the METVT’s Elsie Payne Complex, Constitution Road, St. Michael.

Completed forms must be submitted by Friday, October 25, 2024. Incomplete applications will not be accepted. (PR/GIS)

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Visiting Professors Excited To Train Local Teachers

Professors from the Gordon Institute for Advanced Study Teachers College, Columbia University (TCCU) are excited about teaching two new programmes being conducted by Erdiston Teachers’ Training College (ETTC) and facilitated by the teaching staff of TCCU.

Speaking at the recent orientation ceremony for participants, Professor Christopher Emdin said it was “beautiful” to stand in front of them and see “these faces who will at some point reflect the next wave of innovation in teaching and leadership on the island”.

He explained why the partnership between ETTC and TCCU matters. “It is the final matching up of an entity outside of you to recognise the greatness of you that you already knew, and then saying together, we’re going to facilitate and speed up the vision of the greatness of Bajans that we always knew existed through the only thing we know that can shape the world, which is education,” he stated.

Professor Emdin pointed out that the partnership between the two campuses was not a ‘labour of love’ on their part.

“This is not serviced by Columbia. This is people matching intellectual wits to create a model that’s not yet been seen across the world, and as you see each other in this room, I don’t want you to think of this as a certification programme through Columbia or Gordon Institute or whatever else it is. See this as a history-making and defining moment to re-orchestrate what education, teaching and leadership can look like now.”

He continued: “People will write stories about this day. When we marked this moment, we selected this group, and we said, we are going to push you. We’ll push you. We’re going to challenge you. We’re going to make you feel uncomfortable. We’re at the same time going to celebrate your gifts. We’re going to recognise that as faculty, we don’t have all the answers, but we’ve got a whole lot of research; we have a whole lot of knowledge; we have a whole lot of experience, but we’re also going to value your research, your knowledge, your experience. We’re not looking at this as us and planting things into you. We’re looking at a partnership together.”

Professor Yolanda Sealy-Ruiz, who is of Barbadian descent, is one of Columbia’s programme facilitators.  She told participants that it is an honour to be part of the partnership between the universities, adding that the teaching assignment is “probably the most important thing that I’ve done in my 30 years of teaching” and she hopes that it makes her Barbadian father proud.

“Nelson Mandela, who knows something about struggle, who knows something about fighting oppression, who knows something about freedom, dreaming, who knows something about making a difference, said that education is the way, not a way, the way to change the world,” Professor Sealy-Ruiz stated.

She encouraged the participants to know themselves, understand the power within them, and engage in self-knowledge, even if it is uncomfortable. She added that there is no mystery to teaching the nation’s children and advised the teachers to treat the children like human beings and love them deeply.          

Professor Sealy-Ruiz also urged them to love the Barbadian culture, knowledge and ancestry and to use it as a way to resist the lies that they have been told about what system is best to teach our children.

“The beauty of our diversity is the beauty of our brilliance. And God made that so. So, if God made that so, it must be right, and in that sense, let us be teachers and let us be leaders who see the beauty of diversity and approach what we do with  critical love, with critical humility, with critical reflection, with understanding of our history, being willing to do the self-work, what I call archaeology of self, and to interrupt those systems that say we are less than, and we don’t deserve more.”

Professor Edmund Adjapong, who is also from Columbia University, expressed his eagerness to teach. “I’m really excited to sit with you all, to learn with you all, to push you all, and I’ll share a little bit about my educational experience and why I’m here.

“What you’re getting here is, folks who, as you will notice and as you will learn throughout this process and this experience, are a family, and we are here to usher and welcome you all into our family and to support and train you all to be the best that we can be for our students,” he said.

Professor Adjapong shared, that upon reflection of his childhood experiences, he attributes poor educational experiences and opportunities as the catalyst which propelled him to become an educator.

“I had really poor teachers; they weren’t the best. They didn’t support me the way that I needed support as a young black male in New York City. So, my research focuses on youth culture. How do we leverage youth culture in the classroom to support and engage students? How do we love our students? How do we create opportunities in spaces of joy, and ultimately, how do we support our students and find the opportunity to liberate themselves within the structures that they find themselves within?”

He told participants that they were going to embark on this journey to support each other and “learn different strategies and teaching and approaches”.

“We’re going to embark on this journey to figure out how can we best connect and engage with our students. And we’re going to embark on this journey to support and liberate our students to support them into doing that within themselves,” he encouraged. (PR/GIS)

Caption: Visiting professor Yolanda Sealey-Ruiz of Columbia University speaking at the orientation ceremony on Monday. Looking on are (left to right) Chairperson of the Board of Management of the Erdiston Teachers’ Training College (ETTC), Dr. Sylvia Henry; Minister of Education, Kay McConney; Principal of ETTC, Dr. Colin Cumberbatch; and Professor Christopher Emdin of Columbia University.

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