Hon. Chikwanda discusses youth unemployment
Africa Group one constituency says creation of productive jobs for the youths on the continent requires long-term policies and programmes.
The group says youth unemployment has continued to be one of the challenges that the African countries are facing.
The group has since called on the World Bank to use its convening power to lead a joint initiative with other multilateral institutions and regional development partners to invest in education, improve business climate and reduce the barriers to youth entering the labor market.
Finance and national planning minister Alexander Chikwanda in a speech read on behalf of his Zimbabwean counterpart who is the chair of the Africa group one constituency Tendai Biti, Mr. Chikwanda says there is need for the development partners to scale- up their support towards Africa's development.
He further observed that the global economic growth remains subdued and is characterized by significant uncertainty despite the recent improvement in global economic prospects.
Mr. Chikwanda during the 4th Statutory Meeting of the Africa Group One Constituency Meeting, said rising international oil prices, lingering sovereign debt problems in Europe, social inequality, food insecurity, and climate change were all exerting pressures on the global economy.
The minister noted that though the Sub-Saharan Africa has shown commendable resilience global recessions, its economic prospects face downside risks arising from weak global demand; tight financial markets; and declining Official Development.
Mr. Chikwanda also called for more effective social protection programmes that will help combat the high poverty levels.
And on the private sector Mr. Chikwanda noted that the private sector needs an environment that facilitates growth, including access to business-related information, technical support services, capital and access to national and international markets.
The minister added that the there is need for intensified efforts by African governments and their development partners towards the further reduction of infant mortality and improvement of maternal health.
This is according to a speech released by Press secretary at the Zambian Embassy in Washington DC Ben Kangwa.