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New YouthSave Publication: “Savings accounts for young people in developing countries: trends in practice”

Recently, the  (EDM),鈥 published their 鈥榶outh and children鈥 鈥 focused December edition, featuring a piece co-authored by the Director of at , Rani Deshpande and Director of the at the , :

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Adapted from a longer paper, 鈥,鈥 this EDM article provides valuable information on the range of youth savings initiatives available in the developing world, the actors implementing them, the various forms they take, and the range of objectives they are intended to achieve.  Additionally, the piece presents evidence on the extent to which youth savings initiatives are fulfilling the potential to promote youth development and financial inclusion.  This dual potential is at the center of YouthSave鈥檚 goal: to investigate the potential of savings accounts as a tool for youth development and financial inclusion in developing countries, by co-creating tailored, sustainable savings products with local financial institutions and assessing their performance and development outcomes with local researchers.

Two additional youth savings-focused articles are featured in the EDM Journal December edition: First, 鈥溾 which highlights the important findings from , a project that started to provide youth savings accounts and local NGOs in Morocco with life skills, entrepreneurship, and financial literacy training. The second featured article is 鈥,鈥 co-authored by and , and , Beth Porter.  Among many things, the article presents six ‘Emerging Guidelines’ for linking young people to financial services.

EDM is a publication which 鈥減rovides a forum for those involved in designing and running enterprise development and microfinance programmes in developing countries.鈥

Explore the YouthSave website for more information the Project, and our .

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Payal Pathak
New YouthSave Publication: “Savings accounts for young people in developing countries: trends in practice”