In­vest­ment Min­istry re­views ILO-sup­ported Youth Em­ploy­ment Pro­gramme dur­ing WYF

The Daily News Egypt - - Business -

Min­is­ter of In­vest­ment and In­ter­na­tional Co­op­er­a­tion Sa­har Nasr dis­cussed with Pe­ter Van Guei, di­rec­tor of the In­ter­na­tional Labour Or­gan­i­sa­tion (ILO) of­fice in Cairo, the ac­ti­va­tion of Egypt-ILO co­op­er­a­tion pro­to­col on the youth em­ploy­ment pro­gramme in Egypt.

The pro­gramme aims to pro­vide one mil­lion job op­por­tu­ni­ties over the next three years, es­pe­cially in the need­i­est gov­er­norates, pro­vid­ing tech­ni­cal train­ing and en­cour­ag­ing small and medium en­ter­prises (SMEs), ac­cord­ing to a state­ment re­leased by the Min­istry of In­vest­ment on Tues­day.

The meet­ing was held on the side­lines of the World Youth Fo­rum, held in Sharm El-Sheikh un­der the aus­pices of Pres­i­dent Ab­del Fat­tah Al-Sisi.

Nasr signed in Septem­ber the co­op­er­a­tion pro­to­col of the youth em­ploy­ment at the end of a se­nior-level con­fer­ence on youth and em­ploy­ment in North Africa, which was held in Geneva in the pres­ence of ILO Di­rec­tor Gen­eral Gay Rider.

Egypt’s un­em­ploy­ment rate fell to 11.98% at the end of the sec­ond quar­ter (Q2) of this year, com­pared to 12.5% in Q2 2016 and 12% in Q1 2017,ac­cord­ing to the Cen­tral Agency for Pub­lic Mo­bi­liza­tion and Sta­tis­tics (CAPMAS).

The two sides also dis­cussed what has been achieved so far in the im­ple­men­ta­tion of the “Bet­ter Work En­vi­ron­ment Pro­gramme” in Egypt, ac­cord­ing to the min­istry’s state­ment.

Nasr stressed her min­istry’s full sup­port for this pro­gramme in Egypt, point­ing out that they co­or­di­nate with the Min­istry of Man­power to im­ple­ment it.

The ILO-sup­ported pro­gramme aims to boost ac­tiv­i­ties of about 30 com­pa­nies in Egypt, es­pe­cially in the gar­ment ex­port sec­tor, un­til De­cem­ber 2017, ac­cord­ing to Van Guei.

He said the or­gan­i­sa­tion seeks to sup­port the gar­ment in­dus­try, which pro­vides mil­lions of de­cent job op­por­tu­ni­ties, em­pow­ers women, and pro­motes com­pre­hen­sive eco­nomic growth.

Van Guei added that a del­e­ga­tion from the ILO will visit Cairo next week to fol­low up on the de­vel­op­ments of the busi­ness en­vi­ron­ment in Egypt.

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