Commitment to Action

Generating Employment Opportunities for Youth in LAC

Commitment by

Inter-American Development Bank

In 2013, The Inter-American Development Bank, through it Multilateral Investment Fund and together with the International Youth Foundation and other key partners such as Arcos Dorados, Caterpillar, CEMEX, the Brazilian National Confederation of Industry, Microsoft, and Wal-Mart, committed roll out the implementation of the New Employment Opportunities (NEO) program in 10 Latin American countries. These programs will build multi-stakeholder alliances, joining businesses, governments, youth employment service providers, and youth themselves, to design effective youth employability strategies to achieve the common goal of significantly boosting job entry for 500,000 disadvantaged youth across Latin America, at least 50% of which will be women and girls. Ultimately, the NEO seeks to incorporate the most effective job skills programs into public education systems, national employment services and job training institutions, building the capacity to respond to the growing demands of both businesses and poor and low-income youth.

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Overview
Summary

Commitment

Generating Employment Opportunities for Youth in LAC

Launched

2013

Est. Duration

3 years

Estimated Total Value

$37,165,000

Region

Latin America & Caribbean

Countries

BRAZIL, CHILE, COLOMBIA, DOMINICAN REPUBLIC, EL SALVADOR, MEXICO, PANAMA, PARAGUAY, PERU, URUGUAY

Commitment by

Inter-American Development Bank

Partner(s) of the Commitment Maker(s)

Microsoft, Walmart, Arcos Dorados, International Youth Foundation, Cemex Corporation, Caterpillar Inc., Fondation Forge, Confederação Nacional da Indústria (CNI)