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    Ministry of Foreign Affairs, Regional Integration and International Trade

    Description:
    The future of the country lies in the hands of the young population. However, while the new generations are increasingly qualified, opportunities for the youth to offer their services and to contribute to the economic development of the country in terms of innovation, knowledge and talent is insignificant. Youth unemployment rate has soared the past few years and has reached 26% in 2016.

    This situation may partly be explained by the structure of the labour market, whereby due to the ageing population phenomenon, the elder generations are called to stay in employment until an advanced age, principally to relieve the burden on the social security system.

    It is acknowledged that the expertise, wisdom and guidance of the elder generation are always pertinent and should be welcomed, but not at the expense of the younger generation which should instead be privileged with new opportunities.

    Potential solutions:
    Addressing the urgent need for a rejuvenation at all levels of the economic system will allow fresh ideas to be generated that are in line with the contemporary world, which is not exclusive of the support from the elder generation. There is a need to create a new partnership that recognises the different needs of young and elder generations.

    Benefits:
    This endeavour is consistent with the objectives of Goal 8 – Decent Work and Economic Growth and Goal 10 – Reduced Inequalities of the Sustainable Development Goals (SDGs).

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