Child and Youth Finance International (CYFI) and the United Nations Capital Development Fund (UNCDF) have partnered on a #BankTheYouth Campaign to raise awareness and stimulate activity around financial inclusion and financial capability for children and youth around the world.
A common criticism of international development work is that it is unsustainable. Grant funding dries out, the international development agency leaves, and the program or services offered phase out. What would a financial products and services program aimed at sustainability look like? A recently concluded project in Ethiopia is a promising illustration.
This guide has been developed for leading national and international financial institutions that are, or are considering, developing financial payment products for minors. It is intended to help decision makers and product owners understand some of the responsibilities and risks associated with this market.
With more than half of Africa’s population under the age of 25, many experts believes the continent’s greatest resource and potential competitive advantage could lie in the hands of its youth as they enter the workforce. However, economic growth on the continent has not yet translated into opportunities for young people to earn a sustainable livelihood — representing both missed potential and a societal risk as they could become alienated and marginalized.
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.
We celebrate our youth and their achievements and reflect on the goals of “eradicating poverty and achieving sustainable consumption and production” for the youth of this generation. To achieve these goals, a culture of saving money consistently over time will be important.
Social isolation, economic vulnerability, and lack of access to health care and education prevent healthy transitions from childhood to adulthood, especially for vulnerable adolescent girls in developing countries. In Zambia, poor girls often are at high risk of gender-based violence, unintended pregnancy, and HIV. Many drop out of school, are unable to find employment, lack the ability to make independent decisions, and are not being reached by existing programs for young people.
This paper is part of the Child and Youth Finance International Landscape Series. Each paper in the Landscape Series looks back on the developments of recent years and looks forward to the future. This paper focuses on financial inclusion for children and youth.
A Working Future and a new era of collaboration - Taking cross-sector partnerships beyond philanthropy
Plan International's A Working Future youth economic empowerment programme has proven that partnerships between the development and corporate sectors can successfully address social issues and generate commercial value. This kind of cross-sector collaboration with its potential to effectively address social issues while creating value for both society and business will play a key role in achieving the Sustainable Development Goals.