FULL LIST OF FINANCIAL INCLUSION

Globally, Young people access financial services at roughly half the rate of adults.  According to the World Bank’s Global Findex database, youth are 40% less likely to save at banks and 60% less likely to have borrowed.[1]  Without these services, young people have fewer means to manage their assets, invest in education, or grow businesses.  In response, youth inclusive financial services programs are working with regulators, financial services providers, and informal savings group promoters to increase young people’s access to appropriate savings, credit, payment, and insurance products.  At the same time, recognizing that youth often lack the knowledge or experience to use services effectively, programs are offering financial education and life-skills training and information to boost financial capability. 

Over the past three years there has been a growing awareness of the importance and viability of finance for youth among service providers.  However, overall access has not changed significantly, with the proportion of youth savings and borrowing formally barely changing.  In response, youth-inclusive practitioners are looking more closely at the potential of new technologies to boost access and capability - at digital payments and mobile wallets to lower the costs of providing services, “big data” to help banks understand the youth market and reduce the risk of lending, and smart phones to offer new convenient and inexpensive means to teach financial education to youth.  At the same time, there is renewed interest in old technologies such as savings groups to expand access to youth.  Through these new and old technologies, practitioners are working to boost financial inclusion significantly among youth.

 

Expanding Digital Services Key to Financial Inclusion in Africa

Devex

With more than half of Africa’s population under the age of 25, many experts believes the continent’s greatest resource and potential competitive advantage could lie in the hands of its youth as they enter the workforce. However, economic growth on the continent has not yet translated into opportunities for young people to earn a sustainable livelihood — representing both missed potential and a societal risk as they could become alienated and marginalized.

2017 Global Youth Economic Opportunities Summit

ORGANIZER: 
Making Cents International
DATE: 
Sep 27, 2017 (All day) to Sep 29, 2017 (All day)

The Global Youth Economic Opportunities Summit is a global convening that brings together 500+ leading stakeholders from 55 countries to connect, exchange, and collaborate. Now in its 11th year, the Summit is the largest convening of its kind in North America for the youth economic opportunities community.

Alternative Delivery Channels for Financial Inclusion: Opportunities and Challenges in African Banks and Microfinance Institutions 2016

MasterCard Foundation

With approximately two billion unbanked and underbanked individuals globally, down from 2.5 billion just a few years ago (Global Findex 2011-2014), substantial progress has been made towards the goal of full financial inclusion, but is still far from being achieved. In particular, financial inclusion rates in Sub-Saharan Africa, where poor infrastructure, low population density and high costs have created significant barriers for financial service providers (FSPs) to serve low-income clients, have remained among the lowest globally.

Financial Literacy and Entrepreneurship Education: A Roadmap to Realizing Africa's Youth Potential

Aflatoun

Walk along any street in most African cities and you will see the story of Africa’s development, growth and potential: hard working, entrepreneurial people fill the cities making a living out of every opportunity crossing their path. However, dig a little deeper and you will see missed opportunities to take Africa and its citizens to the next level of development and build a future that today’s youth will thrive in.

Women’s Economic Empowerment Global Learning Forum

ORGANIZER: 
SEEP Network
DATE: 
May 23, 2017 (All day) to May 25, 2017 (All day)
The advancement of women’s rights and economic empowerment in market systems contributes to the economic well-being of families, communities, and nations. Increasingly, stakeholders from the public and private sectors as well as civil society members are raising their voices on women’s economic empowerment.
 

Generation Now: Investing in Adolescents Today to Shape the World of Tomorrow

ORGANIZER: 
World Bank/IMF
DATE: 
Apr 20, 2017 (11:00am to 12:15pm)

The World Bank/IMF Spring Meetings Human Development Flagship event will provide a platform for unparalleled global influencer voices to come together to highlight how integrated, high-impact investments across health, nutrition, education, skills and social protection can transform the life trajectory for young people living in poverty and put countries on stronger paths toward inclusive, sustainable g

Youth Economic Opportunities Network 2016 Report

Making Cents International
Making Cents International is committed to meeting the needs of the global youth population by developing and supporting evidence-based, scalable, and sustainable initiatives. For ten years, our Youth Economic Opportunities Network (YEO Network) has contributed to the capacity of youth development stakeholders to design, implement, and evaluate high-impact youth economic opportunity programs, policies, and partnerships.
 
Resource Type: 
Report

Global Money Week Toolkit 2017

Child & Youth Finance International (CYFI)

Global Money Week (GMW) is an annual global celebration, initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur.

Learning from Our Youth: Saving for Education

Center for Financial Inclusion & Accion

We celebrate our youth and their achievements and reflect on the goals of “eradicating poverty and achieving sustainable consumption and production” for the youth of this generation. To achieve these goals, a culture of saving money consistently over time will be important.  

UNLEASH Innovation Lab 2017 is open for applications

UNLEASH

Are you the next SDG Talent?

UNLEASH Innovation Lab 2017 is open for applications – and you are invited!

To find smarter, faster, and cheaper ways to reach the Sustainable Development Goals we need next generation solutions from bold thinkers and leaders. UNLEASH will bring 1,000 hand-picked talents from around the world together to ideate and collaborate on new solutions in Denmark from August 13th-21st, 2017.

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