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AfDB targets solutions to Youth unemployment in North Africa

The African Development Bank (AfDB), one of the region’s top financial institutions, will Wednesday in Cairo, Egypt, host a high-level policy dialogue, chaired by the Egyptian Prime Minister, Hisham Kandil, under the theme “Youth Employment: Building the Future”, according to a statement from the Bank, received here by PANA.

The Bank is partnering with the Egyptian Social Fund for Development (SFD) to find ways of promoting youth employment across the country and other North African nations.

According to the statement, the dialogue will bring together key bank executives with a variety of important decision-makers from the Egyptian government, research organizations and youth employment experts.

The experts include Dr. Mthuli Ncube, AfDB Vice-President and Chief Economist, Dr. Sakala Zondo, AfDB Vice-President, Country, Programmes and Policy, Dr. John Page, a Senior Fellow at the Brookings Institution’s Global Economy and Development Program, Dr. Heba Handoussa, Managing Director of the Egyptian Network for Integrated Development, Dr. Omneia Helmy, Director of the Egyptian Centre for Economic Studies and Dr. Farouk Al-Okdah, Governor, Central Bank of Egypt.

AfDB said it will also use the occasion to launch the Bank’s 2012 flagship report — The African Economic Outlook.

Focusing on youth employment, the report outlines the numerous positive long-term effects the employment of young people has upon economic growth.

“We want to discuss the policies, programmes and initiatives that Egypt could implement in order to help facilitate greater opportunities for youth, which makes up the foundation for economic growth in the future,” said Dr. Sibry Tapsoba, AfDB’s Resident Representative for Egypt. “We know that Egyptian youth are struggling to match their skills with fulfilling careers, which is why we are making this issue a strategic priority for the Bank.”

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