Baizat and Child and Youth Finance International partner to further Youth Financial Education in the UAE

22 October 2013. Dubai, United Arab Emirates (UAE) - Amsterdam, The Netherlands – In a move to join hands to further youth financial education in the United Arab Emirates (UAE) Baizat and Child and Youth Finance International (CYFI) enters a partnership. The partnership between Baizat and CYFI comes as an exciting development for both organizations as they work towards increasing financial literacy in the MENA region and focus on doing this through financial education for children and youth.

Baizat, based in the UAE, is an organization that believes in the need for financial empowerment. Founded by Emirati financial expert Salah Al-Halyan, Baizat works to ensure financial success for all citizens in the UAE, through providing the proper financial knowledge and tools.

CYFI and Baizat will work together in many capacities, including increasing awareness in the region through Global Money Week activities. The Global Money Week is a global celebration, held every year on the second week of March. The purpose of the celebration is to increase awareness of the importance financial literacy and inclusion for young people. The week aims to encourage children and youth to learn about money, saving, entrepreneurship and livelihood skills, through a range of activities arranged in the participating countries.

The partnership of CYFI and Baizat will also facilitate the participation in regional conferences such as the CYFI Regional Meeting, as well as implementing processes for financial literacy through schools, workshops, and conferences throughout the region.

Jeroo Billimoria, Founder and Managing Director of CYFI, was quoted expressing her enthusiasm for the partnership:

“Baizat is a wonderful organization that CYFI is happy to partner with and I know together we will further financial inclusion and financial education for children and youth throughout the region.”

Baizat's founder Salah Al-Halyan was pleased as well, stating:

“To be the first Non-Governmental Organization in the UAE to partner with CYFI is a great landmark for us; we hope to be the first of many.  We have been long term admirers of the tireless work of Jeroo and her team, having already attended their first two international summits we feel this is the next logical step in our relationship. We are looking forward to collaborating with CYFI and their partners to spread the word of financial empowerment for youth in the region and also to share with the rest of the world the progress we are making here in the Emirates alongside hard working Government organizations such as the Emirates Foundation and Dirhami.”

About the Child and Youth Finance Movement: CYFI is a non-profit organization established in July 2011 in Amsterdam, The Netherlands. It launched the global movement in April 2012. CYFI focuses on increasing financial inclusion and financial education for children and youth, so that every child can graduate from primary school with financial education and a savings account that they can own and operate. Its target is to reach 100 million children in 100 countries by 2015. Together with over 1000 partners and stakeholders the ultimate goal of the Movement is to reduce financial vulnerability, increase financial responsibility and ultimately break the cycle of poverty.