Youth Employment Network (YEN) is a joint UN, World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 and ILO

Ilo

Ilo is a port city in southern Peru, with some 58,000 inhabitants. It is the largest city in the Moquegua Region and capital of the province of Ilo.-History:...

 initiative to act as vehicle to address the global challenge of youth employment.

UN Secretary General Kofi Annan

Kofi Annan

Kofi Atta Annan is a Ghanaian diplomat who served as the seventh Secretary-General of the UN from 1 January 1997 to 31 December 2006...

 committed to set up YEN as a personal initiative, he invited Juan Somavia

Juan Somavía

Juan Somavía is the current Director-General of the International Labour Organization .He was elected to serve as the ninth Director-General of the ILO by the Governing Body on 23 March 1998.-Term as Director-General:...

, Director-General of the International Labour Organisation (ILO) and James Wolfensohn

James Wolfensohn

Sir James David Wolfensohn AO KBE FKC was the ninth president of the World Bank Group.-Early life:James Wolfensohn was born in Sydney, Australia, on 1 December 1933...

, former President of the World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

to join him in this new inter-agency partnership.