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Session Highlights:
- The session presented an interesting blend of perspectives from funding organizations to social enterprises in the field of youth skilling. It highlighted the need for sensitivity and empathy by the funder and flexibility of funding during this time of uncertainty.
- Over 60% of the world’s youth lives in Asia Pacific, yet the region’s youth unemployment rate is ~10.5%, more than double the unemployment rate of the total working age population. While scale is important, tailoring programs to specific needs and providing multifaceted support, including psycho-social skills, soft skills and hard skills for employability and life, can create a much stronger impact.
- The Pandemic affords us opportunities to focus on the future that we want, rethink the accessibility and inclusiveness of practices and be adventurous in forging new collaborations that bridge the divide among the public, private and social sectors as well as allowing us to break through the silos of issues experienced by the vulnerable youth.
Session Description:
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Youth unemployment is a major challenge in Asia. In recent years, it has received growing interest by donors, governments and non-profits due to the economic and social cost to society. Future skills empower disadvantaged youths to fulfil their potential in their lives as adults. By providing them with access to education and skills, youths are able to gain decent employment through formal jobs or entrepreneurship and lead productive lives. This session aims to bring together key stakeholders who are actively working to address youth unemployment in Asia to showcase their approach and discuss the challenges and opportunities in scaling social investment for future skilling youths in Asia.
Key Takeaways:
- Highlight importance of future skilling and how funders have responded to the challenge of youth unemployment in Asia
- Shed light on barriers in future skilling youths and how to overcome them
- Discuss opportunities for collaboration to scale social investment for future skilling youths in Asia
