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The Fair Money Game - Education about financial management that is ethical, accountable and sustainable

The planned partnership aims to reinforce responsible and sustainable financial behaviours by transferring the innovative educational/ training board game FINANCité from Belgium, where it was developed by RFA, the Project Coordinator, to at least five other EU countries.  FINANCité will be translated, tested and adapted in 3 versions for 3 target groups : young people in vocational education, vulnerable adults and adults in lifelong learning processes. The dissemination of the master game issued from this process will focus on intermediate groups, trained in order to reach final users. The partners will consider, if needed, the possible use of other pedagogical tools, in order to offer online support helping trainers and teachers in debriefing after the game or for further activities on financial matters. So the experience of the two partners specialized in financial education will be crucial. The contribution of the two partners specialized in education to sustainable development (ESD) will ensure a global perspective based on social and environmental responsibilities. All partners will contribute to the dissemination of the master game, conceived in French and translated into 4 languages. Innovations will be transferred from the original game, as well as from the pedagogical tools and approaches of the partners, as best practice in financial education and education for sustainable development. Very few educational tools cross these two goals. Considering the current European economic downturn, the need for such tools is very timely.   The Fair Money Game Project is based on the Lisbon Strategy and many other statements of the European Commission hailing the role of financial education in poverty reduction and in creating inclusive financial markets, among others the Green paper on Financial services Policy (2005) and the Communication on Financial Education (2007). With the same aim, OECD launched an "Improving Financial Literacy" programme in 2005. The importance of improving financial literacy for the personal and professional development of European citizens, is also emphasized by RFA leading a long term research on financial exclusion at an European level. In the context of a democratic and inclusive European society, the freedom to choose an occupation and right to engage in work, as well as the freedom to conduct a business are emphasized in the articles 15 and 16 of the Charter of Fundamental Rights of the EU. The financial sector is a key sector in a sustainable economy, considering the huge impact of investment choices. The limits and dangers of short-term views, lack of transparency and accountability have emerged as key challenges for wider public education, especially for vulnerable and inexperienced groups. It is an opportunity to sensitize citizens as well as future workers on more sustainable values and approaches. To address such issues, financial education requires innovative programmes.

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