Botswana Economic Crisis Sparks Youth-led Fiscal Overhaul Ahead of 4th Financing For Development Conference.
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Botswana Economic Crisis Sparks Youth-led Fiscal Overhaul Ahead of 4th Financing For Development Conference.

Byytjnadmin

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.

Financing our Futures: What does Domestic Resource Mobilization (DRM) mean for Youth?
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Financing our Futures: What does Domestic Resource Mobilization (DRM) mean for Youth?

Byytjnadmin

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.

Why Should Young People Care about the Financing for Development Agenda?
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Why Should Young People Care about the Financing for Development Agenda?

Byytjnadmin

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.

The Southern Consultations In Windhoek Namibia 2023
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The Southern Consultations In Windhoek Namibia 2023

Byytjnadmin

The 2016 Africa Human Development Report highlights that gender inequality is costing sub-Saharan Africa on average US$95 billion annually. Gender equality is therefore instrumental to achieving sustainable economic and social development and should be mainstreamed into Africa’s trade agenda to achieve sustainable and inclusive economic growth. Domestic resource mobilization has become a concern for economies in the global south because of the changing international financial architecture.