2014 High level Stakeholders and Youth Meeting at the UN

Child and Youth Finance International

Social and Financial Inclusion for Children and Youth

 

A Post 2015 Agenda dialogue at the United Nations

About the Meeting

Holding “A Chance for Change: Child and Youth Finance and the Post-2015 Agenda” at the United Nations will signal to the world that inclusion, both financial and social, is a topic that the UN is committed to. Through this collaboration, CYFI will be able to identify and highlight the need to achieve social and financial inclusion for youth and to underscore how their inclusion can be the first step towards ensuring a dignified livelihood through employment or entrepreneurship.

Meeting Objective

The main objective of this high level meeting will be to ensure that the financial and social inclusion of children and youth are included in the Post-2015 agenda as inclusion is crucial for fighting inequalities and promoting sustainable growth. This meeting will allow youth to bring their concerns, desires and dreams for the future directly to policymakers. All recommendations for the post 2015 agenda will be structured along the following: Basic access to financial services, Employability, Entrepreneurship and Economic Citizenship Education.

It is expected that after this meeting government representatives will bring back the recommendations coming from the meeting and will incorporate these into their country-level deliberations on the post-2015 agenda thus making social and financial inclusion of children and youth a priority as the debate continues. The idea is to influence the Open Working Group in agenda-setting and pave the way for social and financial inclusion of children and youth to be incorporated in the final post-2015 agenda. The highlighted ideas below are two of the concrete recommendations that have emerged from children and youth which will be brought to the meeting in May.

Process leading to the meeting

Multistakeholder Dialogue

CYFI evolved as a movement via a multi stakeholder platform which reaches financial institutions, governments, bilaterals, multilaterals, leading academics and civil society in 125 countries around the world. Through this multistakeholder approach CYFI has been gathering the recommendations of organizations within the network. This consultative process begun during the CYFI regional Meetings in the third and fourth quarter of 2013 and have continued into 2014. Through the regional meetings participants were able to structure their recommendations within the overarching framework of the Child and Youth Finance Theory of Change and the strategic thrusts of CYFI. At the 2013 Summit in Turkey, Mr. Babacan, the Deputy Prime Minister of Turkey, announced that as the next leader of the G20, Turkey is committed to ensuring that child and youth finance issues are included as part of the G20’s global agenda under their leadership.

Youth Dialogue

CYFI has been surveying youth about their experiences and thoughts surrounding financial products, financial and social education, employability and entrepreneurship. These four topics emerged as important coming from the children and youth throughout 2013 though youth consultations, physical meetings, social media and webinars, and has, thus far, resulted in around 4000 individual responses, including 1200 from Africa. Through the survey emerged the need for the right to a dignified livelihood. The first step being the right to Economic Citizenship Education in school and a banks account when graduating from primary school.

Following the survey and during the regional meeting in Europe, the UN Youth delegates who had participated in the European Regional Meeting decided to take the issue to their fellow youth delegates. During the winter session of the UN the delegates discussed and suggested some key points. They also helped in the conceptualization and creation of the DreamsBank campaign. This campaign aims at have a viral /online consultative process on how youth see as their financial future and what they want to recommend to the Secretary General for the post 2015 agenda.

Some of the youth leading the campaigning and the deliberations will then be invited to the meeting to present to the delegates the main recommendations that have been found. This meeting will essentially be a platform for children and youth to present their ideas for the Post-2015 agenda which will then be taken forward during the country-level deliberations.

In addition to the above state recommendations which were found in common between the multistakeholder approach and the youth approach, the youth have solely put forth the below recommendations.

To register for this event click here!