Demand-Driven Training for youth employment programs build job-relevant skills valued by employers and useful for self-employment by offering both pre-employment skills development and some form of on-the- job training.
This global review is part of the thought leadership component of the Credit Suisse Financial Education for Girls (CSFEG) program. The purpose of this work is to provide recommendations regarding the design, implementation and research on programs for adolescent girls aged 10 to 18 that aim to contribute to their economic empowerment by containing a financial education component. Presented here are the findings from research into selected, highlighting key financial education program models.
The young people of today present unique opportunities and will confront unique challenges. To equip young people to take hold of these opportunities and meet these challenges, researchers, practitioners, and policy makers have highlighted the positive impact that life-skills education and financial education can have on children and young people.International bodies have stated the need for education in such skills,and a growing number of countries have strengthened the teaching of both social skills and financial skills in their curricula.
In recent years, as the evidence base on the importance of soft and life skills for fostering positive youth outcomes has grown, international youth development programs have increasingly focused on interventions that develop those skills (also referred to as socioemotional skills, transferrable skills, non-cognitive skills, and developmental assets, among other terms).
African Development Bank, Organisation for Economic Co-operation and Development, United Nations Development Programme
The annual African Economic Outlook (AEO) monitors the continent’s state of affairs using a collaborative approach. The AEO assesses the recent economic and social situation in Africa, projects likely developments for the near future and explores a special theme on the structure of African economies. The AEO 2017, the 16th edition, examines entrepreneurship and industrialisation in Africa. The report results from a unique partnership between three international organisations: the African Development Bank, the OECD Development Centre and the United Nations Development Programme.
Improving the lives of youth is critical to local, national, and international development. The needs of youth are complex and therefore broader than any one sector of development. Multisector programs that focus on the whole person are promising for having a greater impact on youth than single-sector approaches. More specifically, theoretical perspectives and evidence from research suggest that two sectors important for encouraging the well-being of youth — workforce development (WfD) and sexual and reproductive health (SRH) — are interrelated and mutually supportive.
Africa is the youngest continent with almost 200 million people in the age group of 15-24 years. The recent decades have seen entrepreneurial activity heating up across Africa leading to increasing number of youth from this age bracket taking the entrepreneurship plunge and moving from being job seekers to job creators. These youth entrepreneurs are exhibiting increasing risk propensity and heightened responsiveness to emerging entrepreneurship opportunities.
In the context of global concerns about the economic exclusion of youth, efforts to facilitate youth access to decent jobs and financial services have become a development priority. This is particularly the case in the Middle East and North Africa (MENA) region, where continued growth of the youth population has exacerbated pressures on education systems and labor markets. This has contributed to poor labor market outcomes for young people, increasingly characterized by high unemployment, underemployment and informality.
This paper provides a comprehensive and objective overview of the current landscape of economic citizenship education for children and youth. Economic citizenship education is a holistic approach to financial education, complementing it with a focus on life skills and livelihoods. The paper includes the most important theoretical insights, principles, and frameworks. In addition, it provides an overview of the key players and current initiatives focusing on economic citizenship education for children and youth.
Child & Youth Finance International (CYFI) started on its mission to empower all children and youth worldwide by supporting them in realizing their potential as full economic citizens in 2011. CYFI developed its model of economic citizenship together with leading academics, multilaterals, and experts in the field. Economic citizenship empowers children and youth and builds their capabilities to be successful in life through three building blocks: financial education, social and livelihoods education, and financial inclusion.
Young people make up the majority of the world’s population, and the majority of those young people are in the developing world (USAID 2012). Educators recognize that the skills a person needs to succeed in today’s world are more than just reading, writing, and arithmetic. Transferable skills are higher-order cognitive skills and non-cognitive skills that individuals can use to be successful across different situations in work and life.