The global labour market situation remains uneven and fragile. True, there are encouraging signs of economic recovery in those advanced economies most affected by the global financial crisis which erupted in 2008. Also, a number of emerging and developing countries − including recently in Sub-Saharan Africa − are enjoying relatively robust economic growth. The world economy may thus be growing somewhat faster than over the past three years.
In 2007, the United Nations (UN) established the Millennium Development Goals Achievement Fund (MDG-F) to help attain the goals set by the Millennium Declaration. The Achievement Fund is a wide-ranging development cooperation mechanism with an overall budget of more than US$800 million. It was funded by a contribution from the Government of Spain to the UN system to implement programmes aimed at eradicating poverty and inequality.
Sub-Saharan Africa faces a paradox that has global relevance and implications: it will be home to the largest youth population in the world by 2050 and although literacy rates (by 6%) and education enrollment rates (by 9%) have been on the rise, youth unemployment continues to hover above 60% across the region. How will African youth create or secure sustainable and meaningful livelihoods? And more specifically, who is responsible for youth employment in Africa?
This technical brief provides guidance to Youth Financial Inclusion (YFI) implementers deciding whether to offer appropriate financial products and services to youth, how to use technology to deliver them to youth, and methods to extend financial inclusion to youth in hard-to-reach rural areas. The brief provides practical tips and examples of innovative programs that promote youth financial capability (YFC) and access to youth-friendly financial capability.
Global Money Week is a worldwide celebration to empower the next generation to be confident, responsible and skilled economic citizens. Every year, during the second week of March, young people around the globe talk, play, create, sing, read, discuss and learn about saving, money, changing economic systems and building a financial future for youth. It is about joining together – children, youth, parents, organizations and entire communities - to start action to reshape finance, and give young people the tools to shape their own future.
A Bangladeshi youth employment project “From Margin to Mainstream” won one of the first prizes in a good practice contest organized by the ILO and featured on MTV. The project helps young people with disabilities step into the labour market and become agents of change.
When we talk about African development, there is a belief that its booming population can only equal crisis. By 2040, Africa's workforce could be one billion strong, so finding jobs for this young population should be at the forefront of government agenda. This challenge is coupled with Africa's increasing demand for varied and nutritious foods.