NEO seeks to improve employment opportunities for 1 million youth by 2022. Following the first phase in 2012-2017, NEO will report results and lessons, and continue with a second phase in 2018-2022.
Objectives for 2012-2017
- 10 business, government and civil society partnerships join forces to implement youth employment projects in Latin America and the Caribbean.
- 200 institutions offer better quality youth training and employment services, according to the NEO Quality Standards Guide.
- 500,000 youth, ages 16 to 29, half of them women, are employment-ready.
- 1,000 companies offer youth internships and jobs for youth.
- 50% of youth graduates from NEO training courses have a job.
- 1 in 5 NEO youth who graduate from NEO training courses continue studying.
NEO contributes to closing the gap between youth skills and employer demand for a qualified workforce. NEO has five action areas:
- Create partnerships among companies, governments and civil society that develop and implement projects to improve youth job opportunities.
- Improve quality in training and employment services following NEO quality standards.
- Co-finance innovative projects with employment solutions that reach the greatest possible number of youth.
- Mobilize employers to offer more jobs and internships.
- Share lessons learned through studies and publications.
With a total investment of US$137 million, by December of 2016:
- NEO exists in 12 countries.
- 10 business, government and civil society partnerships are working together to implement youth employment projects.
- 147,152 youth are preparing for employment (half are women).
- 1,332 businesses offer more internships and jobs for youth.
- 126 training and employment institutions are improving their services.
- 816 trainers of youth are being trained.