Economic security policy and advocacy
We believe that creating long-term economic change for children involves working with others to advocate for change at the local, national and global level.
We are making significant progress in achieving this in our work. At the national level, we are raising awareness of economic security, facilitating better access to state-funded entitlements and building strategic alliances with governments.
Tackling Youth unemployment
Youth unemployment is an urgent and complex challenge affecting society, the economy and governance globally. More than 600 million young people worldwide are currently not in education, employment or training and by 2030, one billion young people will be entering the labour market.
Some 90% of young people live in developing countries where many of them face a future of irregular and informal employment. Large numbers are either over- or under-qualified for the work they do and are paid below average wages.
Unemployment amongst young people creates immediate and long-term economic losses for individuals, their families and communities. With few economic opportunities, young people are more vulnerable to the effects of poverty, and social and political instability rises.To address these critical issues, we are working with governments, international organisations and development organisations to increase and improve young people’s access to financial services, financial literacy and entrepreneurship and employment skills training.
Micro-finance and savings groups
Savings groups are the first step to financial inclusion. The groups provide not only a mechanism to save money but build individual knowledge and skills in financial education and management.