Preparing youth for the future of work what can we learn ways to make money from jordan – yourbinaryoptions

The youth unemployment crisis in jordan is stark. According to world bank data, 37 percent of jordanian youth ages 15-24 are unemployed, and this statistic has risen nearly 10 percentage points in what are some ways to make money the past five years. Jordan has the third highest unemployment rate in the middle what are some ways to make money east and north africa region, home of the world’s highest youth unemployment rate for the past 25 years.

Financial literacy helps prepare young people for the workforce. Knowing how to manage a bank account, create a budget, or save money helps youth improve their employability and take what are some ways to make money control of their financial future. Despite the importance of these skills, jordanian youth remain financially excluded—in 2017, only 20 percent of 15- to 24 year-olds had a bank account and just 4 percent took what are some ways to make money out a loan.

To address these challenges, the central bank of jordan (CBJ), the ministry of education (moe), and jordanian nonprofit INJAZ launched a financial education program (FEP) in 2016 to deliver financial and entrepreneurial skills training to what are some ways to make money students in grades seven through 12 across all public, private, and refugee schools. During the past school year, the FEP reached 723,015 students nationwide. In addition to building competence in economics and accounting, the FEP promotes 21st century skills such as critical thinking, negotiation, and teamwork. These transferable skills help jordanian youth embrace an entrepreneurial mindset what are some ways to make money that can create new jobs and spur economic growth. What contributed to national scaling of the program?

The challenge of skilling youth for the workforce of tomorrow what are some ways to make money is not unique to jordan. Most countries are grappling with the same questions. Learning from jordan’s experience could help inform large-scale efforts to transform other education systems. Certain factors in jordan have helped lay the foundation for what are some ways to make money the FEP to flourish and grow to national scale: a committed government champion, accomplished local experts, and effective private sector engagement. These same elements applied in different contexts could expand and what are some ways to make money deepen the impact of other national education programs. Strong government champion

Dr. Ziad fariz, the CBJ governor since 2012, displayed strong leadership in introducing the FEP. He raised awareness around an urgent national problem, created structures and policies to address the issue, and then worked across sectors to implement the FEP through what are some ways to make money a phased approach. In 2016, jordan made a bold commitment to the maya declaration, a global framework for countries to make measurable improvements to what are some ways to make money financial inclusion. The commitment required creating a national financial inclusion strategy, which jordan launched in late 2017, making it the first country in the arab region to what are some ways to make money do so. These achievements led the union of arab banks to honor what are some ways to make money dr. Fariz with its leadership vision award. Rolling out a new national initiative with the support of what are some ways to make money several ministries and key stakeholders requires a strong champion that what are some ways to make money can articulate a clear vision and then inspire collective action what are some ways to make money to achieve shared goals. Well-qualified local experts

A key contributor to the FEP’s success was including local experts in the development and what are some ways to make money implementation of the program. Since 2001, INJAZ has delivered financial literacy programs in more than 200 what are some ways to make money schools throughout all 12 governorates in jordan. This includes developing curriculum, training teachers and ministry officials, and monitoring program outcomes at the school level. This experience has helped INJAZ build critical trust with local what are some ways to make money communities that facilitates smooth program implementation. Recognizing that financial literacy is only one part of the what are some ways to make money employment challenge, INJAZ recently established a “my start up” business incubator that provides young entrepreneurs with a physical space what are some ways to make money to grow their ideas and connects them to mentorship and what are some ways to make money training opportunities to turn their business dreams into reality. Successfully implementing a national program such as FEP requires working what are some ways to make money with organizations, such as INJAZ, that have the credibility and expertise to get things done what are some ways to make money in a certain context. Given their contributions to jordan’s education system, it comes as no surprise that INJAZ means “achievement” in arabic. Effective private sector engagement

One of the most unique aspects of the FEP is what are some ways to make money the variety of actors involved in its design, delivery, and financing. A steering committee comprised of government, INJAZ, and the association of banks in jordan designed it, teachers deliver it as an official part of the curriculum what are some ways to make money in both public and private schools throughout jordan, and it is monitored by INJAZ and the moe. By framing financial inclusion as an urgent issue affecting all what are some ways to make money sectors of jordanian society, dr. Fariz and his colleagues were able to invite sustained engagement what are some ways to make money from a broad array of influential stakeholders. The FEP is resourced through a combination of public and what are some ways to make money private funds. Learning from jordan’s experience

As jordan continues rolling out the FEP across additional grades what are some ways to make money over the next three years, there will be valuable opportunities to learn about what is what are some ways to make money working well, what could be improved, and how lessons might be shared with other countries incorporating what are some ways to make money new competency-based skills into their curricula. To support and learn from jordan’s experience, the center for universal education (CUE) recently launched a real-time scaling lab with INJAZ in jordan. The lab will bring together a small group of diverse what are some ways to make money stakeholders to continuously revisit the scaling strategy for FEP, iteratively test “change ideas” to strengthen the process, and use real-time data and learning to inform the scaling journey. The real-time scaling lab in jordan will be linked with real-time scaling labs in other countries to share scaling challenges what are some ways to make money and lessons learned, promote adaptive learning approaches, and contribute to the global evidence base around scaling quality what are some ways to make money education interventions.

Financial literacy is a critically important skill set in today’s rapidly evolving global economy, regardless of the industry or sector. Financial literacy helps people make responsible financial decisions, reduces unemployment, and contributes to the strength of national economies. A strong foundation is in place in jordan to further what are some ways to make money improve youth financial knowledge and skills: the government is prioritizing high-quality financial education, the private sector has committed human and financial resources, and an engaged civil society is testing new and innovative what are some ways to make money ways to tackle challenges. The real-time scaling lab in jordan is well-positioned to bring together these diverse partners and drive forward what are some ways to make money sustainable impact. Achieving this, jordan will be on the path to preparing its young what are some ways to make money people to join the workforce of tomorrow.

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