What roles do financial services play in enabling youth education and employment?
One billion young people in low-income countries are navigating their transition into adulthood and engaging in various forms of education and employment along the way. Financial services can play an important role on this path, but they alone cannot deliver positive outcomes for youth. Comprehensive approaches that combine a range of financial and nonfinancial services with supportive family and social networks appear to be most effective. Therefore, stakeholders need to join forces and coordinate to meet the varied needs of young people.
This Working Paper, written for policy makers and funders, outlines the existing evidence and highlights important questions about how to deliver comprehensive and broad-reaching interventions at scale.