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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The NEO challenge: look outward to make an impact on youth employment

By Elena Heredero Rodriguez

By Elena Heredero Rodriguez and Claudio Cortellese

The focus of the initiative New Employment Opportunities for Youth (NEO) is simple: to help 1 million young people in Latin America and the Caribbean prepare for the job market and find a first good job. The initiative sets out to achieve this by creating multi-sector partnerships with stakeholders in education, job training, and businesses. The theory is that together, they will address problems of youth unemployment, young people’s lack of work skills, and employers’ need for skilled workers. The goal is simple but the strategy to achieve it is not; the problem is complex, and difficult to address from a single perspective. It requires a systemic approach.