The challenge of international development requires a medley of ideas. At the Multilateral Investment Fund, we work in an array of topics that are at the forefront of efforts to spur the economic development of the private sector in Latin America and the Caribbean. Each week, this blog "Trends" brings you our latest research and thinking. 

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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.