Watch Annual Meetings development events from Oct 16-19. Comment and engage with experts.Calendar of Events

PRESS RELEASE September 13, 2019

New World Bank Employment Project to Benefit 100,000 Youth

Image

Narendra Shrestha/World Bank


WASHINGTON, 12 September 2019 – The World Bank approved the Youth Employment Transformation Initiative (YETI) Project today to support the Government of Nepal in improving employment services and labor market outcomes for Nepali youth. The US$ 120 million project that aims to benefit 100,000 young people, especially women, will be implemented by the Ministry of Labor, Employment and Social Security over a period of five years. The project aligns with the Prime Minister Employment Program (PMEP).

“The Youth Employment Transformation Initiative project is a catalyst in Nepal’s efforts to bring young people out of the cycle of poverty,” stated Idah Z. Pswarayi-Riddihough, World Bank Country Director for Nepal, Sri Lanka and Maldives. “While foreign employment has provided stable income for many rural families with remittances contributing about a quarter of Nepal’s GDP, this needs to be balanced by a stronger homegrown supply of productive jobs for Nepali youth.”

The project will work at the federal, provincial and local levels through an integrated set of demand and supply-side interventions to strengthen employment promotion systems and services and improve job outcomes and livelihoods for young men and women.  

YETI will support the 753 Employment Service Centers (ESCs) at the local level to provide employment promotion and employment support services for registered job seekers, and a holistic National Employment Management Information System (NEMIS) for management of data on job seekers and job-related opportunities, monitoring of progress of the project and PMEP, and evidence-based employment policy formulation.

The project will create temporary employment opportunities in the maintenance of public assets and provision of services to engage up to 35,000 individuals and yield about 3.5 million work-days annually. The temporary employment opportunities will be complemented by on-the-job and life skills trainings of up to 50 days per individual to improve the employability of young people in the long run.

The project will also support capacity building initiatives to facilitate effective service delivery and coordination in the new federal structure while creating synergies with the private sector and existing projects to promote employment and employment-related services.

In Nepal, most jobs are in the informal sector. According to the latest labor force survey, more than 900,000 people are looking for work and almost 70% of these job seekers are youth. While 11.4% of the Nepali population is unemployed, proportionally more young women are unemployed compared to men. By supporting the Prime Minister Employment Program, the YETI project will address existing gaps while complementing ongoing initiatives to ensure poor and vulnerable people benefit from Nepal’s labor market opportunities.


Contacts

Kathmandu
Akash Shrestha
Communications Officer
ashrestha9@worldbank.org
Washington DC
Yann Doignon
Online Communications Officer
ydoignon@worldbank.org
Api
Api