Promoting Inclusive Markets and Financial Systems
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.
Africa has the youngest population in the world, with 200 million people between the ages of 15 and 24. Despite the fact that six of the 10 fastest-growing economies in the world are in Sub-Saharan Africa, unemployment rates for African youth remain disproportionally high. Having large groups of disenfranchised youth can lead to social and political unrest, increasing insecurity in already vulnerable states. Appropriate and targeted interventions can help harness the energy and creativity of youth, equipping them as they transition into adulthood and become contributing members of society