The HSBC Education Trust together with HSBC’s Corporate, Investment Banking and Markets division launched the HSBC Financial Literacy Programme with Students In Free Enterprise (SIFE) in Malta.

The programme, which began in March in 27 countries, is expected to receive a total of $3 million globally over three years. This new programme will run at the Malta College of Arts, Science & Technology and the University of Malta.

The partnership with SIFE, CIBM and the HSBC Education Trust will encourage students in Malta to develop community projects that provide financial literacy education to young people aged 16 to 25. The programme also aims to help women to achieve financial independence through entrepreneurship.

These students will be part of a worldwide programme in which hundreds of SIFE teams have already taken part successfully. HSBC and SIFE are committed to providing resources and support to participating students and their communities as part of this initiative.

Maltese students Daniel B. Camilleri and Daniel Bonnici together with co-ordinator Jonathan Sammut have already had an opportunity to become involved in the SIFE experience by attending the HSBC Financial Literacy Forum in Toronto, Canada, earlier this month to discuss financial education together with around 100 students from 25 other countries.

As a practical result of this programme, students and individuals in Malta within their local communities will gain a firm grasp of credit and money management principles.

With this knowledge, people can make informed, confident decisions and have the tools they need to achieve prosperity.