Welcome to YouthSave, a project dedicated to developing and testing savings products accessible to low-income youth in Colombia, Ghana, Kenya, and Nepal. Through this website the YouthSave Consortium will share lessons and build awareness about its work while providing broader information on youth savings accounts around the globe. We encourage you to explore the shared knowledge provided on this website and stay connected with us through this exciting journey. To learn more about YouthSave click here.
To protect youth and financial institutions, we note that as policies around access and management are made more flexible, there will be a greater need for a solid, protective regulatory framework and adequate oversight.
Creating fertile environments for youth savings at financial institutions in the developing world could certainly lower the threshold of profitability for financial institutions by creating a larger pool of clients or by lowering or subsidizing the cost to financial institutions of doing business with those clients, at least in the short-term.
"those seeking to recommend policies, particularly in the context of a development framework, must be exceptionally calculated in their recommendations and must, at times, acknowledge that, while broad frameworks can create a point of departure, local stake-holders, particularly youth themselves and groups that work closely with youth, might be better positioned to craft context-specific policies that strike the necessary balance between rights and protections."