The fifth edition of Egypt’s annual World Youth Forum (WYF) has been canceled city this year and its budget will be redirected to supporting five development initiatives, according to a statement issued on Saturday.
This year’s WYF budget will be used to support and fund a number of ambitious initiatives with a direct impact on citizens, and youth in particular, in Egypt and abroad, said the statement.
The first initiative will be launched to support small and medium-sized enterprises (SMEs), helping entrepreneurs start their businesses or expand their activities through business incubators.
This initiative will also include funded training programs where technical support is provided to industrial workers in Egypt, especially in villages and towns that fall under the Decent Life presidential initiative, the statement added.
The initiative will also be launched in cooperation with different development partners including the Decent Life Foundation, the Presidential National Initiative for Developing Egyptian Industry (Ebda), the Federation of Egyptian Industries, the United Nations Industrial Development Organisation, the United Nations Development Programme, and the International Labour Organisation.
The recent statement further mentioned that the second initiative, entitled: ‘Learning to Earn,’ aims to qualify Egyptian, Arab, and African youth for the labor market and empower them to obtain decent jobs. This initiative will be implemented in cooperation with the United Nations Children’s Fund and Egypt’s National Training Academy.
Moreover, the third initiative will address food security and nutrition issues by offering support programs to develop the capacities of farmers and those in charge of food industries in Egypt and Africa.
This program will be conducted by the National Alliance for Civil Development Work, the Decent Life Foundation, and the Food and Agriculture Organisation of the United Nations (FAO).
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