Solutions for the developing world will come from the developing world

Mary MaierFinal project, December 2015Financing for development: Billions to Trillions to ActionWorld Bank Group

SOLUTIONS FOR THEDEVELOPING WORLDWILL COME FROMTHE DEVELOPING WORLD

IF THE SUSTAINABLE DEVELOPMENT GOALS IN AFRICA ARE TO BE MET …

• Youth unemployment will have to be addressed

• This graph shows the high levels of youth unemployment in Africa

OUT OF THE WORLD’S 130 MILLIONOUT-OF-SCHOOL YOUTH,

70% ARE GIRLS

WHAT HAPPENS WHEN WE EDUCATE WOMEN/GIRLS

• They earn more money

• They marry later (on average 4 years later) and have 2.2 fewer children

• They keep their family healthy. Educated mothers are more likely to immunize their children, HIV rates decline, less malnourished children

• They break the cycle of poverty as when women earn income they reinvest 90% back into their

families (men on average invest 30-40%)

• When 10% more girls go to school, the country's GDP increases on average by 3%

SOME FAMOUS PEOPLE FEEL THE SAME WAY…

MANY ORGANIZATIONS & FOUNDATIONS ARE LOOKING AT THE BENEFITS OF

INVESTING IN WOMEN

WHAT IS THE SOLUTION? HOW CAN WE HELP?

• In order to decrease youth unemployment, the following will be needed:

! Access to education

! Resources (computers, books, schools)

! Technical assistance

! Internships, entrepreneurial initiatives

! Funding

HOW WILL WE FINANCE THIS?

• Perhaps in a variety of innovative financial ways:

! By creating a Youth Bond similar to green bonds, pandemic bonds

! Recommending pension funds and other institutional funds invest in the Youth Bond

! By the issuance of Diaspora Bonds – the world bank has estimated that they could raise $5-$10 billion in Sub-Saharan Africa annually (source: McKinsey & Company)

! By stimulating private sector flows with guarantees from the public sector

! Crowdfunding

! By taxing certain industries eg. the fashion Industry which has revenues of approximately $1,3 trillion per annum

! By using FACEBOOK to promote awareness and to create funding groups

BY ERADICATING YOUTH UNEMPLOYMENT IN AFRICATHROUGH EDUCATION, MANY SUSTAINABLE

DEVELOPMENT GOALS WILL BE ACHIEVED

• Poverty will be reduced

• There will be less hunger

• There will be better health and well-being

• There will be quality education

• Better gender equality

• There will be decent work and economic growth

• Strong partnerships will have been formed

IN CONCLUSION

• The youth are the future drivers of economic growth in Africa

• Emphasis should be put on educating African women/girls

• Economic growth leads to human development

• Growth in Africa will impact the global economy positively

• There are many investment opportunities in Africa for the private and public sector

SOURCES

• Innovative Development Financing, McKinsey & Company

• africashine54.blogspot.com

• girleffect.org

• globalgiving.org

• ippfwhr.org

• un.org