Employment, Income and Financial Inclusion

What is the challenge?

Worldwide, more than 200 million people – among them 75 million young people – are officially out of a job, leaving them economically and socially excluded. Between 25% – 35% of the labour force in many developing economies is also underemployed and hence without adequate income. Furthermore, over 620 million young people are not in school or training and not actively looking for work, risking a permanent exclusion from the labour market. Creating almost 90% of jobs in developing countries, the private sector is a driving force for poverty reduction. However, young jobseeker often do not match the skills required by the private sector. With one billion new job-seekers expected to enter the global labour market until 2020, mainly in urban centres, the problem of access to employment will become even more pertinent. Labour markets in developing countries are often highly segmented and informal with a low quality of employment: low earning, high levels of insecurity, limited chances for advancement, and a lack of social protection. Interventions to enhance productive, fair and inclusive employment opportunities need to focus on quality education, vocational training, support to the creation and growth of MSMEs, especially in employment-intensive sectors, and social protection schemes. Finally, an estimated 2.5 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions. Advances in technology and falling costs offer the chance to bring financial services to even poor and remote populations. For many developing countries, especially in Africa and South Asia, there continues to be a need for financial inclusion players who are committed to providing services to those at the bottom of the pyramid.

Our commitment

ACTED actively works toward poverty reduction and the development of greater job opportunities to secure and increase population’s income.

 What we do

  • Promoting access to quality education for children and youth, incl. life skill development;
  • Supporting technical and vocational education and training (TVET) and apprenticeships with a specific emphasis on youth and women;
  • Stimulating entrepreneurship, incl. business advisory and financial services and advocating for an enabling business environment;
  • Promoting a safe and dignified work environment;
  • Value chain approaches, particularly in the informal sector in urban and peri-urban settings;
  • Facilitating access to affordable credit and financial services, incl. in partnership with OXUS;
  • Supporting social protection schemes such as safety-nets (pension, insurance), incl. policy formulation;
  • Awareness raising and protection activities for potential economic migrants;
  • Supporting social business, for example community-based eco-tourism initiatives.
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