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.
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.
Today’s generation of adolescents and youth present a major force for social, economic and demographic change, contributing to a competitive labor force, sustained economic growth, improved governance and vibrant civil societies. Realizing their rights and investing in their development is an effective and efficient way to support countries in their efforts to address emerging challenges, achieve the demographic dividend, consolidate global development gains and accelerate progress towards the Sustainable Development Goals.
Today, a large part of your life occurs online. When you share photos on Instagram or via SnapChat, transfer money to your friends through mobile apps or shop online for a new pair of sneakers or jeans; it all happens digitally. With the world rapidly moving towards digitalization, new exciting opportunities are continually being created and become available to us all. Nevertheless, it is important that you know more about these new opportunities and are aware of the challenges they may bring.
The United Nation’s Development Agenda 2030 has put forward an ambitious set of Sustainable Development Goals (SDGs) to guide global development over the coming 15 years. The objective of this network brief is to demonstrate how the implementation of an economic citizenship strategy for children and youth can contribute to the achievement of many of the SDGs and corresponding sub-targets. In particular, financial inclusion and Economic Citizenship Education (ECE) for children and youth have a significant link to SDG #1, 3, 4, 5, 8, 10, 11 and 16.