Burundi launches new project to boost youth employment and finance their activities

May 10, 2013

A €5 million project to promote youth employment in Burundi was launched last Tuesday (May 7th), reports Xinhua news agency

A €5 million project to promote youth employment in Burundi was launched last Tuesday (May 7th), reports Xinhua news agency.

The "Jobs for Rural Youth"initiative
aims to promote sustainable employment for 20,000 rural
youths
in the Bubanza and Ngozi provinces and improve access to finance for young entrepreneurs.

Thus,
10,000
young people from vulnerable landless families will be familiarised with the market economy through a chain of solidarity and 8,000 young people will have access to finance to support their autonomous functions through solidarity guaranty groups. The initiative will also reach
2,000
young people through businesses.

Spread over four years, the initiative is part funded by the International Fund for Agricultural Development.

A recent survey funded by the German cooperation and the Alliance for Financial invites the
government to pursue its education and poverty reduction programs, including improving youth employment and financial inclusion. It reveals that the rate of financial inclusion of Burundi is currently 12.5 percent.ADNFCR-2976-ID-801583547-ADNFCR