There are approximately 1.3 billion young people in the world between the ages of 15 and 24, and one in five live in Africa. This is the largest cohort of youth the world has ever seen. To be a force for positive change, these young people need opportunities that will help them thrive - access to training, education, jobs and financial services. And yet, youth are three times more likely to be unemployed than adults. They also are 33% less likely to have a bank account, and 40% less likely to have saved formally than adults. MEDA is supporting young people around the world with increased access to sustainable economic opportunities.
From 2008 to 2014 our YouthInvest project reached over 63,000 youth in Morocco and Egypt with savings, loans and skills training. With the support of The MasterCard Foundation, we worked with banks, microfinance institutions and training institutions to develop youth-friendly products and build their staff's capacity to support youth clients. In 2016, we completed an impact evaluation on our skills training program and are excited to release results of this evaluation.
MEDA will celebrate the positive impact of youth economic empowerment through projects like YouthInvest with a half-day learning event April 26 from 9:30am to 12:30pm at Chestnut Conference Centre, Toronto (near Dundas and University). This event is of special interest to international development practitioners and donors.
Presentations on other successful youth economic empowerment projects will be given by representatives from Plan Canada and Care Canada. MEDA will release the first of three learning documents at the event. The second and third learning documents will be available in May.
For questions about the event, please contact:
Ethan Eshbach at firstname.lastname@example.org