TIRANA, Nov 1 /ATA/ The Albanian government will start piloting a new program for integration of the young people in the labor market.
Minister of Finance and Economy, Delina Ibrahimaj, announced on Tuesday, during the discussion of the draft budget for 2023, that the fund for employment promotion programs, for the coming year, is 3.4 billion ALL.
This year, she said, the youth guarantee scheme will also be launched.
“The youth guarantee scheme is designed to curb the emigration of young people from Albania, as well as unemployment among young people, which is above the unemployment average,” she said.
According to Ibrahimaj, the program will be implemented in partnership with the European Union. The minister informed that the program has been successful in several other countries of the region.
“We will start piloting it in some areas this year, while next year it will be extended to more areas. As part of this program, young people aged 15-29 will be offered either a job or a professional training ,” she said.
According to INSTAT, during the second quarter of 2022, the labor force participation rate for young people aged 15-29 is 55.3%. This indicator has increased by 3.4 percentage points compared to the second quarter of 2021, and by 0.1 percentage points compared to the first quarter of 2022.
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