Microsoft at its annual Government Leaders Forum - Americas, today comitted $5 million supports program to train 1 million youth in next 10 years in Latin America and the Caribbean in an effort to reduce youth unemployment and place at least 50 percent of those youth in jobs through a new initiative, called "New Employment Opportunities (NEO)."
"Led by the Inter-American Development Bank (IADB) Multilateral Investment Fund and the International Youth Foundation (IYF), the NEO initiative is supported by a variety of corporate partners," Microsoft notes.
As part of its participation in NEO, over a three-year period, Microsoft is providing $5 million worth of financial, software and in-kind commitments to provide training curriculum, internships, on-the-job training and mentors.
Microsoft is also launching the regional chapter of Innovate4Good@Microsoft, a global community of young people who have benefitted from Microsoft's youth programs.
"Members of the Latin America chapter will gather for the first time during an event in Mexico City, June 14-15, to identify opportunities to serve in their communities, and build and share innovative solutions that are supported by Microsoft's technology and resources, enabling them to achieve their dreams and envision a better future for themselves," Microsoft said.
In the coming months, Microsoft will announce additional programs and commitments designed to create opportunities for youths throughout the Latin America and Caribbean region.
"Young people across the Latin American and Caribbean region increasingly face an opportunity divide because they lack access to the education, skills or job opportunities they need to succeed in today's world," said Brad Smith, Microsoft evp. "We are committed to working in partnership with public- and private-sector partners in the region to help bridge this divide and empower young people to imagine and realize a better future for themselves, their family and their communities."