World Bank Approves $642M Youth Skills Program in Africa

World Bank approves $642 million program to equip 5.4 million youth in Cabo Verde, Côte d'Ivoire, and Guinea with market-relevant skills.

World Bank Approves $642M Youth Skills Program in Africa

Image: allafrica.com

The World Bank Group Board of Executive Directors approved the Skills for Innovation, Resilience, and Agility (SIRA) program on June 23, 2026, in Washington, D.C. The $642 million initiative aims to reach 5.4 million young people in Cabo Verde, Côte d'Ivoire, and Guinea with market-relevant skills, education, and job opportunities.

The program focuses on equipping youth with skills for innovation and resilience, targeting sectors with high demand for labor. It includes training in digital literacy, vocational skills, and entrepreneurship to address unemployment and underemployment in these West African nations.

According to the World Bank, the SIRA program is designed to support national efforts to create jobs and improve economic opportunities for young people. The initiative will be implemented in collaboration with local governments and private sector partners.

No additional details on specific implementation timelines or partner organizations were available at the time of this report.

❓ Frequently Asked Questions

What is the SIRA program?

SIRA stands for Skills for Innovation, Resilience, and Agility, a World Bank program approved in June 2026 to provide skills training and job opportunities to youth in three African countries.

Which countries are included in the SIRA program?

The program targets Cabo Verde, Côte d'Ivoire, and Guinea.

How much funding has the World Bank allocated for SIRA?

The World Bank approved $642 million for the SIRA program.

📰 Source:
allafrica.com →
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