the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

No skills = no jobs: Building the skillsets of unemployed youth in the Caribbean

By Siobhan Pangerl

More than one-quarter of the world’s 7.3 billion people are between the ages of 10 and 24, according to a recent UN Population Fund Report. That means there are more than 1.8 billion youth—a historic high—who are actively looking for a job or will be soon. For the most part, developing countries are on the receiving end of this demographic boom, which creates promising opportunities to strengthen the quality of their workforce in order to boost their productivity and economic competitiveness. Unfortunately, most developing countries have not been able to capitalize on this demographic dividend.