Manila: The World Bank is implementing a series of initiatives aimed at increasing job opportunities for young people in the East Asia and Pacific (EAP) region, targeting economic growth and poverty reduction.

According to World Bank, the World Bank is focusing on policy reforms, private sector engagement, and infrastructure development as part of its strategy to enhance youth employment in the EAP region. Key initiatives include the Philippines Sustainable Recovery Development Policy Loan, which aims to increase competitiveness and job creation across various sectors of the economy. In Fiji, the Tourism Development Program in Vanua Levu is improving local infrastructure to attract private investors and create job opportunities. Similarly, the Indonesia Productive and Sustainable Investment Development Policy Loan supports crucial reforms that foster job creation and promote economic growth.

These efforts are complemented by research conducted by the World Bank, which studies the impact of technology on employment, challenges associated with youth unemployment, and the need for skills development and labor market reforms. The World Bank’s projects, youth engagement activities, and research endeavors are equipping young people in the region with the skills needed to learn, work, and build a better future.