CDB supporting efforts to reduce youth unemployment through entrepreneurship

Helping young people to become self-employed is part of the Caribbean Development Bank’s (CDB) strategy to address high youth unemployment in the Region.

Director of Projects at the Bank, Daniel Best outlined the Bank’s pursuit of this objective during the recent launch of a new youth entrepreneurship project ‘Strengthening the Entrepreneurial Spirit of Caribbean Youth’. The launch was held on March 18 at CDB’s Headquarters in Wildey in Barbados.

He noted that a 2015 CDB study revealed that the Region had one of the highest youth unemployment rates in the world and “with nearly 25 per cent of youth unemployed”; the Bank saw a need to support projects which addressed this problem directly.

“Harnessing the entrepreneurial talents of the Region’s young people and easing the constraints of the labour market are vital ingredients for creating inclusive and sustainable growth,” stated Best.

Read more at: Caribbean Development Bank