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Financing our Futures: What does Domestic Resource Mobilization (DRM) mean for Youth?
Youth should care. The main reason is because we’re paying, but not heard. Africa is the youngest continent in the world, with over 60% of its population under the age of 25. Yet despite being the majority, young people are among the most heavily taxed, especially through consumption taxes such as VAT on airtime, mobile money, transport, and everyday goods.
Botswana Economic Crisis Sparks Youth-led Fiscal Overhaul Ahead of 4th Financing For Development Conference.
As Batswana grapple with a BWP 22 billion budget deficit (9% of GDP in 2024), rising public debt of 27.4% of GDP, squeezing funds for youth-centric programs and youth unemployment at 43.86%, underscoring the urgency of prioritizing job creation and social services for the nation’s youth-dominated population (70% under 35), the FfD4 presents an opportunity for Batswana to redefine global rules on sovereign debt, a critical issue for Botswana as diamond revenue volatility strains public finances.
Why Should Young People Care about the Financing for Development Agenda?
It’s a call to action for youth to rise, engage, demand, and drive transformative change and co-creators of a new financing paradigm that truly serves the people and the planet. This piece is also a call to action for governments, multi-lateral institutions and civil society organizations to rise to the challenge of meaningful youth inclusion.
2025 Lome Declaration On Debt
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