Multi-Donor Trust Fund on Jobs, with special focus on Solutions for Youth Employment (S4YE)



Contract partner: World Bank - International Bank for Reconstruction and Development Country: Europa, regional/länderübergreifend Funding amount: € 1.600.000,00 Project start: 01.12.2014 End: 31.12.2021

Short Description:

Overall goal


The World Bank Group established an Umbrella Trust Fund to support the design and implementation of its jobs strategy, aiming to improve jobs and earnings opportunities for workers worldwide, contribute to the eradication of poverty, and boost shared prosperity. The Umbrella includes five windows in order to ensure synergies of all jobs-related efforts:

1. Jobs diagnostics, strategies and operations

2. Job creation through the private sector (let’s work)

3. Jobs for youth (Solutions 4 Youth Employment - S4YE)

4. Jobs in fragile and conflict countries

5. Actionable research on jobs

ADA contributes with donors such as GER, NOR, UK to window 3, ensuring a special geographic focus on South Eastern Europe.

The objective is to promote youth development outcomes — particularly employment and earnings opportunities — in low- and middle-income countries, and to strengthen the global knowledge base on youth employment, which is critical in developing creative strategies to address the challenge of the tens of millions of youth entering the labor market every year, in addition to the hundreds of millions who are currently unemployed or under-employed.

Expected results are:

1. Improved policy coordination among stakeholders and relevant actors from the private and public sectors engaged in youth employment

2. Improved policy design and implementation in the area of youth employment through knowledge sharing of evidence and dissemination

3. Improved employment and earning opportunities for young people by investing in and promoting innovative, scalable, sustainable solutions

4. Improved stakeholder capacity in the area of youth employment

A number of activities will be undertaken under the guidance of the S4YE-Coalition, which engages various actors across the private and non-private sectors through a partnership network of member organizations, companies, and institutions that are involved in funding, implementing, and supporting youth employment programs.

project number 8227-00/2014
source of funding OEZA
sector Andere soziale Infrastruktur und Leistungen
tied
modality
marker
  • Policy marker: are used to identify, assess and facilitate the monitoring of activities in support of policy objectives concerning gender equality, aid to environment, participatory development/good governance, trade development and reproductive, maternal, newborn and child health. Activities targeting the objectives of the Rio Conventions include the identification of biodiversity, climate change mitigation, climate change adaptation, and desertification.
    • 1= policy is a significant objective of the activity
    • 2= policy is the principal objective of the activity
  • Donor/ source of funding: The ADA is not only implementing projects and programmes of the Austrian Development Cooperation , but also projects funded from other sources and donors such as
    • AKF - Foreign Disaster Fund of the Austrian federal government
    • BMLFUW - Federal Ministry for Agriculture, Forestry, Environment and Water
    • EU - Funds of the European Commission
    • Others - various other donors are listed in ADA’s annual business report.
  • Type of Aid – Aid modalities: classifies transfers from the donor to the first recipient of funds such as budget support, core contributions and pooled programmes and funds to CSOs and multilateral organisations, project-type interventions, experts and other technical assistance, scholarships and student costs in donor countries, debt relief, administrative costs and other in-donor expenditures.
  • Purpose/ sector code: classifies the specific area of the recipient’s economic or social structure, funded by a bilateral contribution.
  • Tied/Untied: Untied aid is defined as loans and grants whose proceeds are fully and freely available to finance procurement from all OECD countries and substantially all developing countries. Transactions are considered tied unless the donor has, at the time of the aid offer, clearly specified a range of countries eligible for procurement which meets the tests for “untied” aid.