Gulf Newsbreak
    What's Hot

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    • Home
    • Contact Us
    Facebook Twitter Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    News

    IsDB, AGFE and SPARK to reduce poverty, increase resilience for refugees

    October 12, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    MENA Newswire: Jeddah – The Islamic Development Bank (IsDB) and Abdul Aziz Al Ghurair, Refugee Education Fund are funding a two-year US$10 million initiative with SPARK, an international non-governmental organization, to support refugees and vulnerable communities in Jordan and Lebanon.

    IsDB, AGFE and SPARK to reduce poverty, increase resilience for refugeesEmployability and jobs are very important, but quality and decent jobs are scarce commodities. Lebanon and Jordan have the highest unemployment in the Middle East, with almost 30% and 23% respectively, according to the ILO. The fragility of the situation in these countries is making opportunities rare, with an increasing social tension that results in some instances of more conflict.

    The IsDB, as an AAA rated multilateral development bank that works to promote social and economic development and Abdul Aziz Al Ghurair, Refugee Education Fund have developed a 2-year regional program with SPARK that aims to support the “Skills Training Education Program” (STEP) in Jordan and Lebanon.

    The new program aims to skill up entrepreneurs, modernize existing curricula, connect participants to the labor market, create sustainable jobs and offer training and internship placements, among many others. It’s expected that at the end of the project, many participants will have started their businesses, SMEs have scaled up and men and women are equipped with market-relevant technical skills through training.

    Jordan faces enormous challenges, perhaps most significantly, the need to effectively help to contribute to the poverty reduction of refugees and vulnerable members of the host community. Structural problems of the economy such as high inflation, energy and water resource security and management challenges, and high unemployment rates are worsened due to the COVID-19 pandemic. Simultaneously, Lebanon is dealing with some internal issues including a crashing economy (in 2020, the GDP growth rate was -25%), the impact of COVID-19 and the aftermath of the Beirut explosion.

    There is an increasing acknowledgement within the international development sector of the need to engage youth to fully use their specialized skill sets. Offering scholarships or training is not enough anymore, rather there’s an increasing consensus that young men and women need tailored job opportunities and internships based on their field of studies and workshops taken. This program is one of many joint projects provided by SPARK and the IsDB since 2018, and if it takes after its predecessors, it will surely have a large positive impact on the local communities at hand.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023

    Magnitude 7.1 earthquake rocks Kermadec Islands in New Zealand

    March 16, 2023

    Despite banking turmoil, the ECB continues to hike rates

    March 16, 2023

    India will have the largest green railway in the world by 2030

    March 14, 2023
    Latest News

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    A flight operated by Etihad Airways touched down last night in Kolkata, the capital of…

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    First A380 service to Bali to be launched by Emirates

    March 24, 2023
    Business

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023
    News

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Travel

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    Dubai airline flydubai announces AED1.2 billion profit for 2022

    March 1, 2023

    Dubai Holding acquires full control of the Westin Paris – Vendome

    February 27, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.