Story perspectives

Citi Foundation Launches $25M Challenge to Combat Youth Unemployment

10/23/2025

Summary

Story summary

The Citi Foundation announced its 2025 Global Innovation Challenge, awarding $25 million to 50 community organizations, with each recipient receiving $500,000.
The initiative targets youth unemployment, estimated at 65 million, funding digital literacy, vocational training, and mentorship for low-income youth.
Recipients include Touch Community Services in Singapore and Education For Employment across the Middle East.
Edward Skyler from Citi emphasizes equipping young people with skills to navigate a job market.

History

Historical Context

The Global Youth Employment Initiative was launched in 2010 to combat rising youth unemployment, which affected 75 million young people worldwide. The International Labour Organization highlighted that youth unemployment rates were three times higher than those of adults. Today, the Citi Foundation initiative aims to support 65 million unemployed youth through vocational training and mentorship, addressing economic disparities and fostering empowerment.

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Story summary

The Citi Foundation announced its 2025 Global Innovation Challenge, awarding $25 million to 50 community organizations, with each recipient receiving $500,000.
The initiative targets youth unemployment, estimated at 65 million, funding digital literacy, vocational training, and mentorship for low-income youth.
Recipients include Touch Community Services in Singapore and Education For Employment across the Middle East.
Edward Skyler from Citi emphasizes equipping young people with skills to navigate a job market.

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