"Colombia received an award for Global Money Week 2013, a week long set of activities in which “children and youth from across the world learn about saving, banking, giving back to the community and sparking their entrepreneurial spirit,” organized by the CYFI movement. According to CYFI, 80 countries, 185 institutions, and 1 million children officially participated in the over 1000 organized activities which ran from March 15-21, 2013."
"One of the main conclusions of “Children and Youth as Economic Citizens: Review of Research on Financial Capability, Financial Inclusion and Financial Education” is that theories regarding financial inclusion and education must be systematically tested if efforts are to be based on evidence. YouthSave’s current research in Colombia, Ghana, Kenya, and Nepal may contribute to the Working Group’s goal by shedding some light on the relationship between savings and financial education for youth. For instance, YouthSave’s study in Ghana is testing the effectiveness of savings accounts and financial education for in-school and out-of-school youth."
Battling the Global Youth Bulge - Mobile Phones Create New Connections Between Youth and Economic Opportunity
"Youth bulge. This somewhat alarming phrase is used by many to describe hoards of disenfranchised youth as jobless, looking for trouble, and a population ready to explode. However, other social entrepreneurs are using mobile technology to transform this population into what Ambassador Steinburg preferred to identify at the Global Youth Economic Opportunities Conference as a 'demographic dividend,' or a population that could be a driver of macro-economic growth rather than a looming liability."
By Payal Pathak, New America Foundation
Last week, USAID held an insightful seminar called “Behavior Change Perspectives on Gender and Value Chain Development,” with featured speakers Jennefer Sebstad (who happens to sit on YouthSave’s Expert Advisory Board) and Cristina Manfre.The speakers presented a framework on how gender influences behaviors in upgrading, or improving the performance and competitiveness of, agricultural value chains. Drawing on field research in Ghana and Kenya, the speakers suggest that nudging better performance in money management, business practices, and value chain relationships can facilitate upgrading and help overcome barriers to behavior change.