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.
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.
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.
This guide has been developed for leading national and international financial institutions that are, or are considering, developing financial payment products for minors. It is intended to help decision makers and product owners understand some of the responsibilities and risks associated with this market.
With approximately two billion unbanked and underbanked individuals globally, down from 2.5 billion just a few years ago (Global Findex 2011-2014), substantial progress has been made towards the goal of full financial inclusion, but is still far from being achieved. In particular, financial inclusion rates in Sub-Saharan Africa, where poor infrastructure, low population density and high costs have created significant barriers for financial service providers (FSPs) to serve low-income clients, have remained among the lowest globally.
Making Cents International is committed to meeting the needs of the global youth population by developing and supporting evidence-based, scalable, and sustainable initiatives. For ten years, our Youth Economic Opportunities Network (YEO Network) has contributed to the capacity of youth development stakeholders to design, implement, and evaluate high-impact youth economic opportunity programs, policies, and partnerships.
Globally, there are 600 million adolescent girls in developing countries who face challenges to education and health services and too often face persistent discrimination and violence. They frequently have limited opportunities to gain the education, knowledge, resources, and skills that can lead to economic advancement.
This paper is part of the Child and Youth Finance International Landscape Series. Each paper in the Landscape Series looks back on the developments of recent years and looks forward to the future. This paper focuses on financial inclusion for children and youth.
Rural youth tend to be the least financially included: youth financial inexperience and limited assets exacerbate the basic rural finance challenges of low population density and poor infrastructure. Nonetheless, they demand financial services to manage their resources, build assets, and invest in livelihoods or education. How should the financial sector react to this situation – try to serve rural youth directly with new products and services, focus on the “near adults” in a rural finance strategy and deepen services over time, or ignore this population until the challenges of rural finance can be overcome? 136 financial inclusion practitioners came together on January 11th to discuss these issues and determine whether rural youth financial inclusion was possible, or simply a bridge too far.
With 1.8 billion people between the ages of 15 and 29, the world is home to more young people today than ever before. Close to 87 per cent of them live in developing countries. Young people make up approximately one quarter of humanity, but in many countries, especially in South Asia and Africa, one in three people is a young person. Demographic trends and projections make it clear that the proportion of young people in the global population is declining and it is predicted to fall below 20 per cent by 2075. The next few decades, therefore, are an unprecedented window of opportunity for the world, and developing countries in particular, to reap the promise of this ‘demographic dividend’.