The Global Youth Economic Opportunities Summit is a global convening that brings together 500+ leading stakeholders from 55 countries to connect, exchange, and collaborate. Now in its 11th year, the Summit is the largest convening of its kind in North America for the youth economic opportunities community.
Young people currently make up the largest youth population in history, and throughout the world they face a common challenge: persistent youth unemployment. Citi Foundation, a CGAP member, is investing $100 million globally over the next three years as part of its Pathways to Progress program to prepare 500,000 young people ages 16-24 for today's competitive job market.
African youth lead varied and complex lives. They face diverse situations and opportunities. The recurring theme is one of challenge. On one hand, Africa is experiencing unprecedented population growth, with limited formal sector employment prospects. Despite new economic opportunities, formal jobs and wage employment remain elusive. On the other hand, investments in primary education have created better access to education and have contributed to a new era of prosperity and opportunity across Africa, yet opportunities for youth are uneven across the continent.
Instead of prescribing higher education as the silver-bullet solution to poverty, we must provide diverse and contextualized pathways to disadvantaged children, enabling them to redefine the dominant narrative of success.
Global Money Week (GMW) is an annual global celebration, initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur.
The world’s education systems are failing our children by not preparing them for the workplace of the future. This is the key finding of a new report by the World Economic Forum, Realizing Human Potential in the Fourth Industrial Revolution, which puts forward a series of practical measures for aligning education and training with future job requirements.
There was silence in the room. No one seemed to want to speak up. I asked again: “what are the most important challenges that you face every day?” Suba, a young woman in her early 20s living in Tripoli, one of the regions with the highest poverty levels and concentration of Syrian refugees in Lebanon, finally raised her hand and said: “We are unemployed and have no access to basic services. We are sympathetic to the Syrian refugee cause. However, they are taking our jobs.
Young people play a vital role in fostering global economic development.In the face of weak prospects for global economic growth, their involvement in the formal economy becomes increasingly relevant and urgent. In recent years, there has been much talk about the demographic dividend in most emerging economies and less-developed countries, a scenario where a larger proportion of the overall population is of working age.
Adolescent girls face a multitude of hazards during their transition from childhood to adulthood ranging from school dropout, to child marriage, to adolescent childbearing, to physical and mental health problems, to gender based violence. In response to these risks, there has been an increase in the number and types of interventions targeting adolescent girls in low-and middle-income countries.
After setting the global development agenda in 2000 with the Millennium Development Goals, the United Nations highlighted the need to focus on enhancing economic growth through sustainable and meaningful work in its 2015 Sustainable Development Goals (SDGs). Today, the UN calls for the “promotion of inclusive and sustainable economic growth, employment, and decent work for all,” and seeks to address the 470 million jobs that need to be created for youth entering the workforce from 2016 to 2030.