Many families are struggling under the economic impact of the pandemic, especially those affected by joblessness. Financial vulnerability refers to the ability of individuals or households to cope with a ‘shock’ that entails the loss of their main source of income.
BBVA’s Center for Financial Education and Capability’s grant program has selected the financial education research projects that will receive financing this year. One of the novelties of this edition is that seven grants will be given this year, instead of five like in previous years. A total of 40 projects from 23 countries were presented.
Garanti BBVA Leasing and Smart Energy, one Turkey’s largest solar power project developers, sign a strategic alliance to offer financing to investors interested in this sector.
Spain finished first in the final of the international competition, European Money Quiz 2020, an initiative organized by national banking associations in Europe and coordinated by the European Banking Federation (EBF). Mateo González Villar, a student at Mirabal School in Madrid, managed to emerge victorious in a highly competitive contest in which 29 finalists participated from 22 European countries.
Money isn’t everything; supporting communities, visibility, training, and strategic support are the key pillars of the BBVA Momentum program. This is one of the conclusions coming out of the panel, ‘BBVA Momentum: Support for Social Entrepreneurs,’ organized by The Next Web in collaboration with the Financial Times, and in which BBVA’s social entrepreneurship support initiative has been featured for best practices. María Erquiaga, global head of BBVA Momentum and Arancha Martínez, founder of Itwillbe.org and participant in the 2017 Momentum program, shared an online platform to stress the growing importance of sustainability in entrepreneurial ventures and the value of social innovation with an impact.
An agricultural engineer, a painter, a baker, a shoemaker, Jorge Domínguez is a modern day “Renaissance Man.” He is also a 63 year old Venezuelan migrant in Pamplona, Colombia that fled his country three years ago in search of a better life for his family.
Vulnerable population groups are bearing the brunt of the global pandemic and need more economic support measures. These are some of the ideas set forth by Mayada El-Zhoghbi. El-Zhoghbi, Managing Director of the Center for Financial Inclusion (CFI) and new member of the Advisory Board of the BBVA Center for Financial Education and Capability, who also advocates for, among other measures, equal access to financial services.
The projects financed with green bonds issued by BBVA in 2018 and 2019 avoided a total of 724.000 tons in CO2eq atmospheric emissions, almost three times than the previous year. This amount is equivalent to what more than 285,000 cars emit in one year, thus contributing to reduce the carbon footprint. This is one of the key takeaways of BBVA’s green bond report.