Youth Employment Promotion Project (YEPP) in Mongolia

The Youth Employment Promotion Project for Mongolia (YEPP), financially supported by the Republic of Korea, aims at improving youth employment by supporting the Government in addressing skill mismatch and by supporting bi-partite efforts for workplace innovation to improve youth employment in and out of enterprises. The project targets the textile sector (particularly cashmere industry) and the hospitality sector, as they are engines of growth and creation of formal jobs, outside predominant mining industries. Throughout the project period, collaboration with the Government and social partners at the enterprise and sectoral levels supports the piloting of good practices in workplace innovation. Additionally, efforts at the national level facilitate the replication of successful pilots and address skill mismatch challenges by improving the policy framework. By building and strengthening internal capacity of the Government and social partners, the project aims to create sustainable impacts for continuous improvement of productivity and working conditions to motivate young workers, while developing and implementing a series of key policy initiatives.

Project symbol

MNG/24/50/KOR

Admin unit

CO-Beijing

Start date

11/06/2024

End date

31/12/2026

Total allocation

693069

Total expenditure

Status

Active

280394

Development Partners

Republic of Korea, Ministry of Labour

Country/Countries

Asia and the Pacific - regional
Mongolia

Outcomes

Outcome 3: Full and productive employment for just transitions