Private Sector Advisory Council

Recent World Bank Group research shows that the private sector provides 9 out of 10 jobs in developing countries. In recognition of the private sector’s pivotal role in global youth employment, S4YE has identified private sector engagement as a cross-cutting theme for all its activities. To further advance the understanding and effectiveness of private sector engagement, S4YE is now developing a Private Sector Advisory Council (PSAC) that will consist of senior level representatives from a select group of companies to facilitate deeper engagement and partnership between private sector and S4YE/World Bank operations, knowledge products and advocacy on youth employment. Some of the objectives of S4YE’s Private Sector Advisory Council are to:

  • Advise S4YE’s SC on its program, policies, and projects,

  • Promote peer-to-peer learning between private sector groups on tackling youth employment,

  • Help crowd in and scale innovative and transformational approaches on youth employment, with a focus on Future of Work, 21st-century skill and job creation for youth, and

  • Contribute to flagship S4YE or World Bank initiatives, e.g., the World Development Report, Human Capital Project.

Over 35 companies are part of the PSAC. If you'd like to learn more, please contact S4YE at info@S4YE.org or Jung (Sophie) Ryun Byun at jbyun1@ifc.org.

Kicked off the ‘S4YE – Insights from the Private Sector’ webinar series

This is an ongoing web-series that facilitates dialogue between youth employment practitioners and private sector companies around the world. The webinar series especially highlights lessons from youth-focused initiatives that are being led by the private sector.  This is an opportunity for the community to connect, learn from each other, and share experiences.

1. How Artificial Intelligence is Creating Jobs for Low Income Youth Webinar (November 20, 2019):

The webinar, featuring speakers from Microsoft, iMerit, and IFC, highlighted how AI and disruptive technologies have a complex relationship with job creation. While many routine tasks are being automated, the speakers highlighted several innovative ways in which disruptive technologies are making jobs accessible to very low-income disadvantaged youth (through an interesting impact sourcing model); or helping firms increase productivity or create innovative solutions to constraints faced by young entrepreneurs (like access to credit or payments through fin-tech solutions;  or connection to markets through e-commerce platforms; or access to real-time weather information to smallholder farmers.)

2. Stimulating Agri-prenuership as Solution to Youth Employment Webinar (December 1, 2019):

The webinar featuring speakers from Nestle’ and IFC delved into two key aspects of agri-prenuership:

1) how to attract youth into the agricultural value chain, and

2) how to sustain them.

The webinar highlighted the need to connect agri-prenuers across the agricultural value chain, and the role of the private sector in doing so. Using a wide range of examples, the speakers talked about interesting private sector-led solutions like innovative blended financing for smallholder farmers, guaranteed access to markets through supply chain models, and institutionalized training and technical assistance, that could enable future farmers to find viable employment opportunities in the agri-space.