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Youth Employment Programs - Independent Evaluation Group

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implemented 12 of the 90 operations, and 6 percent of total youth employmentlending.Bank teams prepared 34 pieces of economic and sector work, and carried out25 technical assistance activities related to “improving labor market outcomes.”There are also a small but growing number of impact evaluations ofyouth employment interventions. This IEG evaluation reviewed 21 economicand sector work products with a youth employment focus, and all impactevaluations of Bank projects. The Bank spent $4.4 million on 18 of thesereports.Most Bank projects include interventions in skills development (82 percent)and school-to-work transition (79 percent). Fifty-four percent include interventionsto foster job creation and work opportunities for youth. However,projects are not designed comprehensively, meaning that interventions fromthe three categories are not complementing each other. Similarly, the 18country studies identified a number of areas where the Bank <strong>Group</strong> contributed;however, the studies suggest a comprehensive approach was missing ona country level.While IFC has taken a broad approach to job creation, it has supported youththrough investment and advisory services in education, and 10 youth employmentprojects. Between FY01 and FY11, IFC invested in 50 education sectorprojects, committing around $500 million through loan, equity, and guaranteefacilities. More than half (68 percent) were in tertiary education, and 6 projectsincluded components for technical and vocational training. Since FY06, 100advisory service projects had objectives linked to job creation. However, in allcases the employment data have not been categorized by age group.What Is the Evidence that the Bank <strong>Group</strong> Supports PriorityCountry Needs in <strong>Youth</strong> <strong>Employment</strong>?Although the Bank <strong>Group</strong> does not have a youth employment strategy,corporate thinking on youth employment issues is conveyed in the sectorstrategies on education, social protection, and labor. It is also highlightedin several World Development Reports, as well as regional Bank reports andanalytical frameworks.In addition, the Bank <strong>Group</strong> is participating in relevant international initiatives,including the <strong>Youth</strong> <strong>Employment</strong> Network, the Adolescent Girls Initiatives,and the Global Agenda Council on <strong>Youth</strong> <strong>Employment</strong> at the WorldEconomic Forum.IFC has a broad approach for employment creation. It is based on the premisethat investments result in private sector development, higher growth, andgreater employment opportunities. <strong>Youth</strong> employment has not been identifiedas a priority in IFC strategies, except for the Middle East and North Africa(the FY12–14 strategy).xiv<strong>Youth</strong> <strong>Employment</strong> <strong>Programs</strong>

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