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.
Close to 5 percent of the youth population worldwide has access to a savings account, though they represent around 18 percent of the world population, and disparities are significant; in some economies (i.e Australia, France and New Zealand) around 70 percent of students of 15 years old have a bank account, though in others (Israel, Poland and Slovak Republic) the figure is less than 30 percent.
Generating viable employment for young people remains a serious global problem. This situation is particularly acute in Sub-Saharan Africa, where some 600 million people are currently under the age of 25. Many still do not have access to quality and reliable economic opportunities, either through self- or formal employment. The economic and social costs of this challenge are too high. It is time for the global youth jobs movement to take its work to a new level—a level that will create new economic opportunity for millions of young people.
On May 6th, 2015, industry leaders met for a stock-taking discussion on Economic Strengthening for Orphans and Vulnerable Children. The event was jointly organized by The SEEP Network and the International Rescue Committee as part of the Accelerated Strategies for Practical Innovation & Research in Economic Strengthening (ASPIRES) project, led by FHI 360 in a consortium of 20 members, working to promote evidence-based state-of-the-art approaches to promote high quality economic strengthening programs for orphans and vulnerable children.
An estimated 18 million Ethiopian children aged 5-17 engage in some form of work—almost a fourth of the population. Although the country’s policies and legislation protect children from exploitative labor and support their education, the incidences of child labor still remain very high in the informal sectors, making it difficult to enforce safe and reasonable labor practices.
In recent years, there has been a growing recognition of the economic and social obstacles low-income young people face in making successful transitions to adulthood. The ability to manage money, build assets safely and plan for the future is a core component of a larger set of economic and social assets required to achieve more sustainable livelihoods. One of The MasterCard Foundation’s earliest efforts explored how best to serve the financial needs of young people living in poverty, particularly in Sub-Saharan Africa.
This study was commissioned by the World Savings and Retail Banking Institute (WSBI) within in the framework of the WSBI program “Working with savings banks in order to double the number of savings accounts in the hands of the poor”. This specific study relates to sharing lessons under the program.
With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International is implementing the IFADRural Youth Economic Empowerment Program (RYEEP); a three-year grant to increase employment and self-employment of young people aged 15-35 in the Near East and North Africa (NENA) countries of Egypt, Yemen, Morocco and Tunisia.