Globally, Young people access financial services at roughly half the rate of adults.  According to the World Bank’s Global Findex database, youth are 40% less likely to save at banks and 60% less likely to have borrowed.[1]  Without these services, young people have fewer means to manage their assets, invest in education, or grow businesses.  In response, youth inclusive financial services programs are working with regulators, financial services providers, and informal savings group promoters to increase young people’s access to appropriate savings, credit, payment, and insurance products.  At the same time, recognizing that youth often lack the knowledge or experience to use services effectively, programs are offering financial education and life-skills training and information to boost financial capability. 

Over the past three years there has been a growing awareness of the importance and viability of finance for youth among service providers.  However, overall access has not changed significantly, with the proportion of youth savings and borrowing formally barely changing.  In response, youth-inclusive practitioners are looking more closely at the potential of new technologies to boost access and capability - at digital payments and mobile wallets to lower the costs of providing services, “big data” to help banks understand the youth market and reduce the risk of lending, and smart phones to offer new convenient and inexpensive means to teach financial education to youth.  At the same time, there is renewed interest in old technologies such as savings groups to expand access to youth.  Through these new and old technologies, practitioners are working to boost financial inclusion significantly among youth.


Staff Development Must Include Youth Development, Especially in South Asia

Investing in youth from an early age can be a slow and difficult process, but its benefits can be far-reaching, especially from a staff development point of view.

World Bank Youth Summit 2018: Unleashing the Power of Human Capital

The World Bank
Dec 3, 2018 (All day) to Dec 4, 2018 (All day)

Established in 2013, the Youth Summit is an annual event held by the World Bank Group (WBG) to engage with youth globally on the most pressing topics facing their generation.

Financial Empowerment: A Role for Everyone

IF Consulting, LLC, Bank of Jamaica, Ministry of Education, Youth and Information in Jamaica

This presentation explores the role of key stakeholders in the public and private sector and civil society in the design and implementation of a National Financial Education strategy in Jamaica that will initially target youth, the Jamaican Financial Empowerment Programme (JFEP). Participants will hear from key stakeholders from the Ministry of Education, Youth and Information in Jamaica and the Bank of Jamaica about the enabling policy environment and infrastructure for JFEP.

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Beyond Service: Challenges, Opportunities and Partnerships to Equip National Youth Service Corpers with Entrepreneurship Skills in Nigeria

Cognity Advisory, National Youth Service Corps Nigeria

As at today, almost 300,000 NYSC “Corpers” are deployed annually to serve across all the 36 states of Nigeria. There has been a missed opportunity to evolve NYSC to align itself to meet with present workforce development challenges facing Nigeria. The public private partnership between GE and NYSC and Cognity Advisory was established to galvanize a culture of skilled entrepreneurs from the NYSC cohort by training of 40 NYSC staff as trainers who then train no less than 1000 Corpers (over 40,000) per year.

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Beyond Employer Engagement: How to Meaningfully Involve Industry in Identifying a Skills Mismatch and Aligning Curricula for Entry-level Positions

International Youth Foundation, Cisco Latin America, FedEx Express Mexico

The demand for workers in a changing world of work is continuously evolving. More than ever, schools and employment programs need to be able to detect skills needs from industry in an iterative fashion to ensure they are preparing young people for the jobs of today and the future. Businesses have an important role to play in this process and are often engaged through participation in advisory committees or offering internships/apprenticeships.

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Youth Creating Jobs – A Presentation of Two New Entrepreneurship Models from Brazil and Ghana

Ghana Friends, Youth Empowerment for Life, Alianca Empreendedora

How can resource-weak youth turn challenges for starting up businesses into opportunities based on their own resources? How can organisations promote an entrepreneurial and creative mindset that makes youth change makers? How can we measure low-income entrepreneurial behavior, considering the context of today?

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Start It Up: Understanding the Role of Incubators and Accelerators to Foster Youth Self-Employment and Entrepreneurship

J.E. Austin Associates, Ongoza, UNICEF Lebanon

Incubators and accelerators are playing a larger role in startup communities around the world, and growing number target young social impact entrepreneurs. Yet the differences between incubators and accelerators is often not well defined or understood and, when it comes to quality, not all incubators and accelerators created equal. Although early evidence signals their potential to improve startups’ outcomes, and for these benefits to spill over into the broader startup community, the measurable impact of incubators and accelerators on performance varies widely among programs.

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Enabling the Enabling Environment: Fostering Adult and Peer Relationships to Support Youth Development

Save the Children, FHI 360, Search Institute

Youth succeed when they have adequate support systems in place that encourage socioeconomic success. The enabling environment refers to the people in a child's life that model the key skills for success later in life. How can parents, mentors, teachers and employeers interact with youth without stifiling individual development?

Search Institute establishes a framework for influential figures in a child's life, while Save the Children and FHI360 demonstate how this framework can be practically applied.

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Unleashing Youth: Improving Access to Finance for Young Entrepreneurs

Johns Hopkins School of Advanced International Studies

What are the barriers to financing youth entrepreneurs, and how can youth-inclusive programs and financial products work to overcome them?

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UNICEF’s Global Framework on Skills: From Theory to Practice


Young people are not developing the skills they need to be successful in the workforce. UNICEF proposes that a holistic approach to skill building strengthens youth confidence and has a higher success rate than a static approach. This idea is  demonstrated by UPSHIFT, a flagship UNICEF workshop that teaches marginalized youth the skills necessary to becoming social innovators and entrepreneuers. This presentation establishes UNICEF's research on youth workforce preparedness and provides case studies on the UPSHIFT Program's success in Kosovo and Jordan.

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