Jakarta: The World Bank is actively enhancing youth employment in the East Asia and Pacific (EAP) region through strategic initiatives that focus on policy reforms, private sector engagement, infrastructure development, and targeted skills training. These efforts aim to drive economic growth and reduce poverty by creating more job opportunities for young people in the region.
According to World Bank, notable examples of these initiatives include the Philippines Sustainable Recovery Development Policy Loan, which aims to boost competitiveness and job creation across the economy. Additionally, the Fiji Tourism Development Program in Vanua Levu focuses on improving local infrastructure and attracting private investors, thereby creating job opportunities. In Indonesia, the Productive and Sustainable Investment Development Policy Loan supports crucial reforms, job creation, and economic growth.
The World Bank’s research efforts are also integral to this mission, as they explore the impact of technology on employment, address the challenges of youth unemployment, and emphasize the need for skills development and labor market reforms. By equipping young people with the necessary skills and opportunities, the World Bank is fostering a future where youth can learn, work, and contribute to a prosperous society.
