6.5 IDB Youth Program
The Inter-American Development Bank (IDB) is the largest source of development financing for Latin America and the Caribbean. Seventeen years ago, as the first multilateral institution to focus on youth participation and leadership, and recognizing the critical role young people play in building stable democracies, sustainable economies, and promoting social equity, the IDB launched its youth program, known as IDB Youth.
The IDB affirmed that young leaders and entrepreneurs could be empowered to serve as agents of change and social innovators. Their acquisition of knowledge, skills, experience, technology and relationships could be maximized and accelerated so that they could contribute as leaders in their communities. The program highlights their innovative achievements in support of development. It does this through:
- Development and management of a Youth Network, that includes 10,000 youth and youth-serving organizations representing entrepreneurs, social innovators, leaders, and volunteers. Through its network, IDB Youth has established a unique partnership with the region’s youth by creating opportunities for young people to participate and be heard. Members work across sectors, on a broad range of social and economic issues, and represent young people of all walks of life.
- Strategic partnerships and alliances with the private sector, civil society, and government institutions that contribute to advance youth participation in the development process.
- Youth development and engagement programs that have positively impacted thousands of young people in LAC.
- Outreach and communications to highlight the contributions of young people, showcasing model programs and promoting the importance of investing in youth as a sector key for development.
IDB Youth is focusing its efforts on social innovation given current demographic trends and considering the tremendous increase in demand from youth organizations for youth-led development, especially in the area of social ventures. Its goal: to take full advantage of the critical role youth-led social innovation can play in addressing the region’s pressing development challenges.
For more information and to join the youth network, please visit: http://www.iadb.org/en/topics/children-youth/idb-youth/youth-development-and-outreach-program-idb-youth,1598.html