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Youth Employment Programs - Independent Evaluation Group

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Figure 2.2Top 12 <strong>Youth</strong> <strong>Employment</strong> Interventions in 90 Bank ProjectsImprove labor market informationImprove quality formal TVETInformation on training and outreachSkills recognition and certificationCounseling, job search assistanceExpanding work-based TVETRemedial nonformal TVETTraining subsidies and vouchersDirect job creation and public worksTraining in entrepreneurshipSupport business start up and access to creditIncentivize firms hire youths0 10 20 30 40 50 60 70 80Percent of projects with interventionSource: IEG portfolio review based on World Bank data.Note: TVET=technical and vocational education and training.is weak in identifying benefits by gender, socioeconomic groups, geographicareas, and the informal sector. Similarly, the Bank’s analytical workexamines employment for young women, but rarely provides gender-specificrecommendations. <strong>Employment</strong> and earnings issues could be systematicallydiscussed and policy options identified for young women, youth in rural areasand the informal sector, and low-income youth.IFC Has a Broad Approach to <strong>Employment</strong> CreationAt IFC, few specific youth employment programs or projects have beendeveloped. Except in the education sector, youth have not been specificallytargeted as beneficiaries. Job creation and increasing job opportunities for allage groups has been a focus for IFC. Investment and advisory operations havesupported projects that have created overall jobs, including those for youth.For example, in 2010 IFC clients directly employed 2.4 million individuals,which included “youth-friendly” sectors such as agribusiness, informationtechnology, and services. Since FY06, approximately 100 advisory serviceprojects have had objectives that were linked to job creation. However, youthemployment has not been a specific objective, with the recent exceptionof special initiatives in a few countries. Appendix E provides a detaileddiscussion of IFC support as relevant to youth employment.IFC has supported 10 advisory services projects, worth $6 million (reflecting0.5 percent of the total IFC portfolio), with a youth employment objective.What Are the World Bank and IFC Doing in <strong>Youth</strong> <strong>Employment</strong>? 19

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