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Creating national level platform in every Your Commonwealth

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Creating national level platform in every Your Commonwealth Powered By Docstoc
					  Commonwealth Asia Regional Conference on

Investing in Youth Employment
       (22-24 February 2011, Colombo)




The CYP Asia Centre in collaboration with the
Ministry of Youth Affairs & Skills Development,
           Government of Sri Lanka
                                          Main Objectives:

•To provide a platform to various stakeholders to discuss
regional context, trends, policy commitments and
challenges of youth unemployment with a focus on
youth entrepreneurship/enterprise development and
decide on a slew of practical actions for the promotion
of youth enterprise.

•To explore possibilities for strategic
partnership/collaboration with International and
National development organizations, banking
institutions, corporate sector for youth enterprise
development.
                                      Specific objectives:

•To share the findings of the CYP’s regional situational
analysis on youth employment with an emphasis on
youth enterprise.

•To showcase practical interventions on youth
enterprise/entrepreneurship development, including
good practices across the Commonwealth.

•To share perspectives of financial institutions and
corporate sectors on youth entrepreneurship and
enterprise development.
                                    Expected Outcomes:

•Create a repository of knowledge on regional youth
unemployment trends, policy issues and concerns,
including good practice models on youth
entrepreneurship/enterprise development.
•Increase awareness about young people’s bankability to
credit.
•Develop practical action plans for the promotion of
youth enterprise/entrepreneurship development
interventions.
•Building strategic partnership/collaboration with
relevant stakeholders
Key areas of discussion:

•Review and reassessment of policies and programmes
in the member 8 countries by Assessment Report,
Country presentations, expert views
•Focused on establishing strategic partnerships
underscoring the roles and responsibilities of various
stakeholders in promoting and enhancing youth
employment and enterprise
•Defining and establishing clear regulatory, policy and
institutional mechanisms toward promoting and
accelerating youth employment and enterprise
Situational Analysis on youth employment in the
Commonwealth Asia Region



CYP’s presentation of the situational analysis on youth
employment with emphasis on youth enterprise,
carried out through a desk review of secondary data, set
the tone of the discussion at the conference. The focus
of the CYP assessment was broad, and emphasis was
placed on areas related to CYP’s mandate in order to
further inform the discussions.
                   Policy and institutional framework –



Among other issues, the emphasis was on conducting a
review of processes and mechanism with a focus on
financial inclusion of the youth, and establishing and
implementing clearly thought out entrepreneurship
development schemes offering comprehensive and
integrated packages of services
Access to finance:

The consultation called for a need to
prioritize easy access, availability of micro
finance and other innovative financial
support for budding and established
entrepreneurs, as well as, sought a larger role
of the financial sector to come forward to
support youth enterprise development.
Education and skill building:

The consultation dwelt on a range of
discussion areas, including the need for
integrating entrepreneurship education in
school and college environment, encouraging
entrepreneurial thinking and innovation, and
comprehensive vocational training
programmes.
Stakeholders’ participation:

The consultation stressed on the importance of
forming strategic partnerships with financial and
corporate sector on one hand, and educational
institutions and community organizations on the
other, with the objective of fostering an enabling
environment through building and running
programmes on advocacy, skill training, capacity
building and other business support services to
promote youth enterprise.
-Creating a knowledge portal for
providing access to a variety of
information including the labour
market, technical and non technical
support services and networks for
entrepreneurs.
-Documentation and dissemination of
good practices
Recommendations
•To review and reassess the policy and institutional framework
to support young budding entrepreneurs and existing
businesses
•to formulate a national action plan / strategy to foster youth
enterprise development
•Promote a more enabling environment –improve the legal,
financial and institutional framework
•encourage financial institutions to provide collateral free credit
and other financial services.
•Integrate entrepreneurship into the mainstream education
system
•partnerships with stakeholders including financial and
corporate sector, chambers of industry and commerce, and
other private sector non profit/ support organizations
A guiding framework for action

•Promoting an enabling environment, a culture
of entrepreneurship among youth
•Creating a national level platform in every
member country
•Integrated and coordinated approach to youth
enterprise
Promoting an enabling environment, a culture of
entrepreneurship among youth

Role of / Stakeholders          Strategies / Activities
Ministry of Youth,              1) Develop a communication strategy on youth
                                   enterprise entailing-
                                 Services,
                                 Statistics on youth unemployment (with
                                   benchmarking tools),
                                 Good practices etc.
                                 Advocacy and awareness creation
Ministry of Finance/Banking,    Provide financial incentives for private sector
Education                       to fund Youth Enterprise programmes
                                Facilitation of linkages between different
Prime Minister’s Office (PMO)
                                stakeholders to support and grow future
                                entrepreneurs

                                1) Integrating entrepreneurship education in
                                   the school, college, university system
                                 Encourage enterprise building as a viable
                                   career option
Promoting an enabling environment, a culture of
entrepreneurship among youth

Role of / Stakeholders                Strategies / Activities
Financial Sector / Institutions       •Creating an enabling environment
                                      •Conduct seminar/ training workshops

Corporate Sector / Chambers           •Support services by establishing incubation
                                      centre and by providing infrastructure
                                      •Help drive creativity and innovation amongst
                                      youth
NGO’s / Other support organizations   •Advocacy and awareness raising to create an
                                      enabling environment
                                      •Capacity building of youth
                                      •Training the trainers

CYP                                   High level interventions on promoting youth
                                      enterprise development
                                      Provide technical and advisory services
Creating a national level platform in every member country

  Role of / Stakeholders     Strategies / Activities
  Ministry of Youth
                             •Setting the scene through national youth
                             policy

                             •Formulation of a national action plan
                             working with multi stakeholders focusing
                             on advocacy and awareness creation,
                             financial and non-financial support services

                             •Developing strategy for
                             Implementation
                             1. Resource mobilization
                             2. Monitoring and Evaluation Framework
                             3. Creation of special youth enterprise
                                development fund
Creating a national level platform in every member country


Role of / Stakeholders                 Strategies / Activities
Ministry of Labour, Finance / Banking, 1) Mainstreaming youth employment in to
Commerce, MSME                            the national employment strategy
                                       2) Financial inclusion policy for youth
                                       3) Setting the scene through employment
                                          &enterprise related policies
                                       4) Create incentives for private sector to
                                           fund Youth Entrepreneurship
                                       programmes
                                       5. Facilitation of linkages between different
                                       stakeholders involved in Youth enterprise
                                       development and delegate management of
                                       programmes third party experts
Creating a national level platform in every member country


 Role of / Stakeholders       Strategies / Activities
Financial Sector              1. Collateral free easy loans at a differential
                                 rate of interest for the youth
                              2. Change focus from product-centered to
                                 customer focused financial services
                              3. Develop appropriate products and
                                 services for emerging youth enterprises
Corporate Sector / Chambers   1. Funding youth initiatives and projects,
                                 provide mentorship
                              2. Open source initiatives enhancing
                                 visibility and reach for entrepreneurs
                              3. Training and apprenticeships Business
                                 linkage opportunities
                              4. Offer mentoring and advice both to
                                 young entrepreneurs and to those
                                 involved in Youth Entrepreneurship
Creating a national level platform in every member country

 Role of / Stakeholders               Strategies / Activities


NGO’s / Other support organizations   1. Articulate the needs of the youth and the
                                         challenges facing them
                                      2. Provide leadership and mentoring youth
                                         Community building programmes,
                                         awareness campaigns
                                      3. Capacity building
                                      4. Carry out, facilitate and co-
                                         ordinate,implementation programmes
                                      5. Lobby with the government to ensure
                                         changes achieved in suitable and timely
                                         manner

                                      •Creating a regional platform on youth
CYP                                   enterprise development with UN and other
                                      international agencies
                                      •Convene Regional level expert meetings to
                                      share successful experiences
          Integrated and coordinated approach to youth enterprise


Role of / Stakeholders          Strategies / Activities
Ministry of Youth               1. Constitute a broad based inter-ministerial
                                   committee with clearly defined Terms of
                                   Reference
                                2. Organizing national level meetings and
                                   workshops

Ministry of Finance / Banking   More allocation of funds to promote youth
                                enterprise


CYP                             1. Identification and mapping of
                                   stakeholders / potential alliance
                                2. Creating a knowledge portal
                                3. Data and statistics on youth,
                                4. Documentation and dissemination of
                                   good practices
THANK YOU!

				
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posted:10/31/2012
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