In a mid-March Youth Financial Inclusion Workshop for the Middle East/North Africa (MENA) region, organized by Silatech and CGAP, participants debated how to respond to staggeringly low financial inclusion among youth ages 15-24, a population that hold financial accounts at less than half the rate of the developing economy average. Discussion centered on the value of efforts to expand and target youth access. Tim Nourse, of Making Cents International, shared the emerging recommendations that respond to the debate.
About the Annual Conference on Financial Education
The Annual Conference on Financial Education promotes the effective delivery of consumer financial products, services and education by hosting a national event for professionals providing these services. The Conference is a showcase for financial education success stories, offering attendees proven strategies, tips and techniques to achieve intended outcomes, funding goals and program sustainability.
Watch Markus Goldstein, Senior Economist at the World Bank, speak about an adolescent girls' empowerment project in Uganda implemented by BRAC and the World Bank. The project focuses on providing four key elements: a safe social space for girls, life skills training, vocational training, and access to microfinance. In this video interview, Goldstein shares the promising results of rigorous impact evaluations that found that girls in the program are working more, earning more, and are 75 percent less likely to have had sex against their will.
The Academy on Youth Development addresses: (i) policy makers, planners and senior technical staff from low- and middle-income countries and relevant ministries (youth, education, health, labour, justice, planning, finance, etc...); (ii) operational staff from development agencies involved in the design and/or financing of youth programmes; and (iii) youth-led organizations and civil society representatives concerned with youth development issues.
This report is the first from Financial Inclusion 2020's Mapping the Invisible Market project, which examines major trends that are instrumental in the world achieving full financial inclusion by the year 2020. The report discusses how many developing countries are entering a period called "the Demographic Window," which presents a unique opportunity for economic development, but requires the right policies in place to improve labor productivity and prepare for an aging population as countries shift out of the "window" period later on.
This publication is a guide for deposit-taking institutions in any stage of youth savings program development––from those simply exploring the possibility of introducing youth savings, to those already offering youth products but looking for new ideas and strategies to improve performance.
Watch Janet Longmore, President and CEO of Digital Opportunities Trust (DOT), explain her company's strategy for equipping youth to act as agents of change within their communities in developing countries and emerging markets. Janet goes in depth regarding the importance of engaging young entrepreneurs with technology and which technology is emerging as the top platforms to use in the field. She also points out the need for the development community at large needs to adopt and embrace technology in order to work effectively in today's constantly changing world.
USAID and Youth Economic Opportunities was presented under the Plenary Panel: How Can You Partner with Funder at the 2012 Global Youth Economic Opportunities Conference. USAID discusses their funding priorities, how you can partner with them, and the challenges they are addressing with their funding approaches.
Working with The MasterCard Foundation was presented under the Plenary Panel: How Can You Partner with Funder at the 2012 Global Youth Economic Opportunities Conference. The MasterCard Foundation discusses their funding priorities, how you can partner with them, and the challenges they are addressing with their funding approaches.
When it comes to Youth Employability, “One-Sized Approaches” DO NOT fit All was presented under the Workforce Development Track at the 2012 Global Youth Economic Opportunities Conference. Using cases for El Salvador, Mozambique, and Brazil, a model for holistic programming that uses proven approaches and activities that enable youth to transform their lives, create positive futures and positively influence the larger social, economic and political environment is discussed.