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2016

Employment for Youth in Egypt (EYE) : Working Together in Qalyoubia and Menoufia

Egypte

Titre : Employment for Youth in Egypt (EYE) : Working Together in Qalyoubia and Menoufia

Pays : Egypte

Identifiant : EGY/16/02/NOR

Date/Durée : Start date : December 13, 2016 // End date : September 30, 2020

Résumé partiel
Youth employment is a major challenge in Egypt. The unemployment rate among youth has reached 31.5 per cent, 23 per cent for young men and 48 per cent for young women. 90 per cent of people unemployed are under the age of 30. However, unemployment is not the only problem in relation to the labour market in Egypt. A central focus of recent Government action and of this proposal is on fostering entrepreneurship among youth. Egypt’s central bank has opened a special credit line of 200 billion LE (20 billion USD) to commercial banks for SME lending. This is a major opportunity for many more young people to enter in business. However, many capable youth carrying good business ideas will not succeed in securing the funding and getting through the start-up phase without technical support and coaching. Only 7% of youth are today self-employed/entrepreneurs, mostly involved in micro/informal businesses. The two Governorates selected for this proposal are particularly symptomatic of the overall national context, with large populations and youth unemployment rates of 33.7 per cent in Qalyoubia and 27.1 per cent in Menoufia in 2015. These areas were also selected based on ILO’s established capacity to operate there. The Danish-funded “Decent Jobs for Egypt’s Young People” was launched in 2013 in these 2 Governorates. It has succeeded in establishing solid relations with the local authorities there

Partenaire (s) : Norway, Ministry of Foreign Affairs

Total alloué : $ 1,194,600

Présentation (OIT)

Page publiée le 16 août 2022