Covid Dropouts: How CFM Indosuez Wealth Management And AMADE Are Keeping Students Connected

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Nancy Heslin   Forbes Monaco

Covid Dropouts: How CFM Indosuez Wealth Management And AMADE Are Keeping Students Connected

In an interview with RTL radio last month, French education minister Jean-Michel Blanquer said blankly that the “consequences of not going to school are much more serious” than the 70 reported coronavirus cases amongst 40,000 students.

Specifically, the minister referred to the risk of dropping out of school, which currently affects 500,000 primary and secondary school children.

For some students, access to remote schooling during the coronavirus lockdown was not possible due to a lack of IT equipment or appropriate family support.

In response, the Monaco-based children's association AMADE, which was founded in 1963 by Princess Grace, has launched operation “Coronavirus Emergency” to prevent digitally excluded youth in the Provence-Alpes-Côte d’Azur region from dropping out of school.

CFM Indosuez Wealth Management, a long-standing partner of AMADE, has joined the initiative to help young people experiencing difficulties to pursue their remote studies at home in the short and medium term.

Funds raised by AMADE through CFM Wealth Management and its donors will provide resources for 168 young people living below the poverty line who are schooled in areas in Nice, Cagnes-sur-Mer, Toulon, Brignoles and Digne.

These students have been referred by their schools, Aide Sociale à l’Enfance or local associations, and in addition to various other tools and support offered, they will also be entitled to free internet access courtesy of the Fondation SFR.

AMADE’s group of collective associations (Break Poverty Foundation, Emmaüs Connect, Collectif Mentorat) has already helped 12,000 young people re-establish contact with school.

CFM Indosuez Wealth Management was named "2020 Best Bank in Monaco" by Global Finance magazine, keeping its title for the fourth consecutive year.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.