Save the Children, New America Foundation
Recently, savings initiatives for young people have been garnering increasing attention within the development community for their perceived potential to promote both youth development and financial inclusion. This paper surveys current practice to better understand the diverse range of youth savings initiatives under way in developing countries, and the actors promoting them in a range of forms for various objectives. It also gathers the little evidence available on the extent to which such savings initiatives are fulfilling their perceived dual development potential.
Youth are three times more likely to be unemployed than adults, even in economies with strong economic growth (ILO, 2008). This begs the question of what is it about youth that leads to such high rates of unemployment? And what can be done to help young people more efficiently integrate into the labor market?
This Note is a tool to provide policymakers and youth-serving organizations with a framework to better diagnose short- to medium-run constraints facing the stock of unemployed youth and to design evidence based youth employment interventions.
In many developed countries, technologies such as mobile phones, computers and the internet are routinely used by young people in education and employment. Most young people are enthusiastic about technology and the benefits it can bring.
Understanding Children’s Work (UCW) Programme
Overcoming the related challenges of child labour and the lack of decent work opportunities for youth will be critical to Rwanda’s progress towards the Millennium Development Goals. The effects of child labour and poor youth employment outcomes are well-documented: both can lead to social vulnerability and societal marginalisation, and both can permanently impair productive potential and therefore influence lifetime patterns of employment and pay.
These wiki pages codify good practice in value chain development drawing from research conducted under the leadership of the USAID Microenterprise Development team by the ACDI/VOCA AMAP BDS consortium and many other contributing organizations, academics and institutions. This section focuses on a value chain approach with at-risk youth.
Consultative Group to Assist the Poor (CGAP)
This paper examines the role of finance in the lives of low-income youth with a focus on the opportunities and challenges of offering them savings services. The opportunities and challenges presented, from the perspectives of policy makers and financial service providers, are not necessarily all proven, but rather potential or possible. This is because both the state of practice and the body of evidence on youth savings is still emerging. Throughout, we share examples of the progress of experimental work that is ongoing. Youth are primarily adolescents who are 10–19 years old, though some examples use different definitions.
This article in the Financial Times discusses the importance of youth voices in international development.
London School of Economics, World Bank Group, University College London
In this paper, the authors analyze factors that contribute or detract from adolescent girls’ intention to participate in training programs in Uganda. The authors focus on BRAC’s Adolescent Development Program, which emphasizes the provision of life skills, entrepreneurship training, and microfinance.
Global Learn Asia Pacific
This paper discusses the impact of a workshop titled Finance for Youth: Financial Liberty through Financial Literacy, given under the UNESCO Participation Program for Biennium 2008-2009.The workshop was designed to empower a group of 33 youth from targeted low-income families in Malaysia
Africa Leadership Forum (ALF), Institute for Development Studies
This paper examines the constraints on young Nigerians looking for employment and explores entrepreneurship programs as a potential short-term intervention to reducing these constraints.