Countries in the southern Mediterranean region face many challenges in political, social and economic spheres, and youth unemployment in the region is one of the highest in the world. With fast increasing rates of unemployment, beyond the COVID-19 pandemic, labour markets are undergoing drastic changes and so are the skills needs. This means that more robust systems for monitoring changes in the demand for labour and determining employers’ changing requirements for human capital and … [Read more...] about Regional forum on Youth Employment in the Mediterranean launches Digital Skills Initiative
Global Forum 2021 | Advancing Fair and Ethical Recruitment for All
The Global Forum for Responsible Recruitment will held from 12-15 April 2021. It is a thought leadership platform for accelerating the fair, ethical, and responsible recruitment of migrant workers. The #GFRR2021 is hosted by the Institute for Human Rights and Business (IHRB), International Labour Organization (ILO), and International Organization for Migration (IOM). They convene a global ecosystem and marketplace – global brands, suppliers, recruitment agencies, governments, employers and … [Read more...] about Global Forum 2021 | Advancing Fair and Ethical Recruitment for All
CABEI approves US$250 million for Youth Employment and Entrepreneurship initiative
The Central American Bank for Economic Integration (CABEI) has approved US$250 million for the "Youth Employment and Entrepreneurship" initiative as part of the "Emergency Support and Preparedness Program for COVID-19 and Economic Reactivation". The purpose of the "Youth Employment and Entrepreneurship" initiative is to provide sovereign-guaranteed resources to governments to finance projects that develop basic job and entrepreneurship skills for young people, increase their job and … [Read more...] about CABEI approves US$250 million for Youth Employment and Entrepreneurship initiative
Commission disburses €14 billion under SURE to nine Member States
The European Commission has disbursed €14 billion to nine Member States in the fourth installment of financial support to Member States under the SURE instrument. This is the first disbursement in 2021. As part of the operations, Belgium has received €2 billion, Cyprus €229 million, Hungary €304 million, Latvia €72 million, Poland €4.28 billion, Slovenia €913 million, Spain €1.03 billion, Greece €728 million, and Italy €4.45 billion. All nine Member States had already received financial … [Read more...] about Commission disburses €14 billion under SURE to nine Member States
Nonprofit Jobs could take more than two years to recover, Study finds
At the current pace of recovery, it could take 2.4 years for employment in the nonprofit sector to return to pre-pandemic levels, an analysis of Bureau of Labor Statistics data by the Johns Hopkins Center for Civil Society Studies finds. According to the BLS employment report for November, nonprofit employment was down 7 percent, or nearly eight hundred and seventy-eight thousand jobs, compared with February, with the largest declines in the arts, entertainment, and recreation (32.2 percent) … [Read more...] about Nonprofit Jobs could take more than two years to recover, Study finds
Uzbekistan: $93 Million agreement to boost skills development and inclusive growth
The Asian Development Bank (ADB) has announced that it has ratified a $93 million financial agreement to help enhance competitiveness in Uzbekistan and boost inclusive growth by improving market-relevant skills development for young people and unemployed job seekers. ADB Senior Social Sector Specialist, Xin Long said: "Uzbekistan has significant potential to drive economic growth and create jobs but a lack of skills has been a critical constraint for private sector growth and economic … [Read more...] about Uzbekistan: $93 Million agreement to boost skills development and inclusive growth
Commission disburses €8.5 billion under SURE to five Member States
The European Commission has disbursed €8.5 billion in the third instalment of financial support to five Member States under the SURE instrument. As part of operations, Belgium has received €2 billion, Hungary €200 million, Portugal €3 billion, Romania €3 billion and Slovakia €300 million. This support, in the form of loans granted on favourable terms, will assist these Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help cover … [Read more...] about Commission disburses €8.5 billion under SURE to five Member States
IFC develops strategy to boost Employment and Economic Growth in Ukraine
IFC will be working with the National Bank of Ukraine to develop a national financial inclusion strategy aimed at improving access to digital financial services, creating jobs, and boosting the country’s economic growth. In Ukraine, the share of digital, i.e. non-cash transactions—in the total volume of transactions using payment cards—increased from 25 percent in 2014 to nearly 50 percent in late 2019, according to the National Bank of Ukraine. Triggered by the COVID-19 pandemic, internet … [Read more...] about IFC develops strategy to boost Employment and Economic Growth in Ukraine
Employment in the Nonprofit sector yet to recover: Study finds
As of September, employment in the nonprofit sector had yet to recover from the impact of COVID-19, an analysis from the Johns Hopkins Center for Civil Society Studies finds. Based on Bureau of Labor Statistics data, the analysis found that the total number of nonprofit jobs rose 1.9 percent between August and September but was still down 7.6 percent (973,352 jobs) from February's pre-pandemic levels. Between March and September, the arts, entertainment, and recreation sector was the hardest … [Read more...] about Employment in the Nonprofit sector yet to recover: Study finds
COVID-19 Pandemic threatens Jobs and Poverty Reduction in Western Balkans
The COVID-19 pandemic has plunged the Western Balkans region into a deep recession, with drops in both domestic and foreign demand, coupled with disruptions in supply chains, forcing all six countries in the region into negative growth territory for 2020. According to the World Bank’s latest Regular Economic Report (RER), economic growth is forecast to contract by 4.8 percent in 2020, 1.7 percentage points lower than forecast in April. A second, stronger wave of the pandemic since mid-June is … [Read more...] about COVID-19 Pandemic threatens Jobs and Poverty Reduction in Western Balkans
