Why
Studies show that young people want to start businesses, yet the established business rate among adults is substantially higher than it is for youth. This implies that young people face higher barriers to entrepreneurship than adults, and there is a need for better policies aimed at enabling young entrepreneurs to realize their ambitions. Youth-led enterprises also primarily employ their peers, which could potentially catalyze more quality job creation in an enabling environment.
What
Decent Jobs for Youth focuses on supporting the development of policies, regulations and institutions that enable and encourage the creation of youth-led enterprises. To tackle weak skills and knowledge transfer, it is crucial to foster peer-to-peer support networks. Improving access to adequate information, training, finance and technology can help lift many of the obstacles that prevent young people from succeeding in business.
Who
The ILO, ITC, UNCDF, UNCTAD and UNIDO lead on this thematic priority. Decent Jobs for Youth brings together a growing number of partners who are committed to unleashing the potential of youth entrepreneurship and self-employment through fostering enabling environments and improving access to productive assets.
IsDB Youth Development Strategy
The Youth Development Strategy (YDS) is the first strategy of IsDB on youth development from 2020 to 2025. The YDS has two objectives to support young people to be: (i) productive and economically empowered; and (ii) engaged and responsible, to embody and embrace leadership. The Strategy has three pillars on Education, Economic Empowerment, and Engagement, which aim to empower youth to take action in supporting their communities. The economic empowerment pillar aims at unleashing youth’s potential by providing them with sustainable and decent employment, supporting their savings and investments, and developing their skills in entrepreneurship and employment.
Youth Participation&Employment in the MENA region
Launched in 2017, the Youth Participation and Employment (YPE) programme is a five-year initiative, implemented by Oxfam IBIS (Denmark), and funded by the Danish Arab Partnership program. YPE aims to improve economic opportunities for young women and men in Egypt, Jordan, Morocco and Tunisia. By building diverse and effective partnerships, it seeks to achieve three outcomes: (i) strengthened technical and life skills that enable young people to actively engage in society; (ii) increased organisational capacity of institutions, the private sector, entrepreneurs and communities to support young people; (iii) enhanced advocacy and dialogue between youth, public and private institutions, and business.