Inter-American Development Bank President Luis Alberto Moreno announced the recipients of the USD1 million Youth Development Program for Innovation and Social Action Youth Fund. The effort, a joint venture with Microsoft, seeks to provide disadvantaged children with various skills and capacities, boosting their chances of employability. “Young people are the region’s greatest natural resource,” said the IDB chief. “With more than 40 percent of the population under the age of 30, we have to empower young people with the right knowledge and skills to contribute to the development of Latin America and the Caribbean.” Around 1,400 young people in Argentina, Bolivia, Brazil, Mexico, Uruguay and Venezuela will benefit from the first funding round. (Press release: IDB announces first round of beneficiaries for USD1 million Youth Fund/IDB)

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