Making Cents International
With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International is implementing the IFAD Rural 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.
Plan UK
I’m passionate about the power of financial inclusion – particularly the financial inclusion of young people.
Why? Globally young people are disproportionately financially excluded for a myriad of often complex reasons. One illustration of this exclusion was highlighted by the World Bank’s Findex data released earlier this year, showing that in Sub Saharan Africa just 20% of young people have a bank account compared to 33% of adults.
The YouthSave Consortium
Young people everywhere need support to transition successfully to a financially secure adulthood. We believe that one key to that transition is to develop sound financial habits starting at a young age. When that happens, the effects go beyond young people themselves— entire societies benefit when more citizens possess healthy financial habits.
Can low-income teens build savings – and does it matter for their futures? Since 2010, YouthSave has been investigating these questions through partnerships with banks and research institutions in Colombia, Ghana, Kenya, and Nepal.
Join Microlinks on October 9 to discuss insights from YouthSave. Our panelists will discuss what YouthSave learned about how to provide scalable savings mechanisms to low-income youth and what this means for the practice of youth development and financial inclusion.
SEEP Network, MasterCard Foundation
The United Nations Population Fund reports that there are 1.8 billion young people between the ages of 10 and 24, with 89 percent of them residing in less-developed countries (2014). In Sub-Saharan Africa, minors often account for more than 50 percent of a country’s population.
Moreover, by 2050, the world’s population will increase by 2 billion, an increase of 28 percent, all of whom will require access to health and education services, and eventually to jobs and self-employment opportunities.
Child and Youth Finance International
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.
Making Cents International
There are over 1.1 billion young people in the world who need to be able to find good jobs, start and grow businesses, gain access to appropriate financial services and overall, participate in the global economy.But how can development practitioners and private and public sector actors meet the growing demand for youth economic opportunity?
The MasterCard Foundation
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.
Making Cents International
With funding from the International Fund for Agricultural Development (IFAD) and in partnership with Silatech, Making Cents International is implementing the IFAD Rural 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.
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