The MasterCard Foundation has announced a partnership with a consortium of four organizations to conduct a landmark, global research initiative that will test how to sustainably deliver savings services to low-income youth in the developing world. The initiative – YouthSave – is based on emerging evidence that suggests linking youth to savings may improve their economic, educational and health-related futures. The four organizations participating in the consortium are Save the Children, the Center for Social Development at Washington University in St. Louis, the New America Foundation, and CGAP (the Consultative Group to Assist the Poor).
School of Social Work assistant professor Gina Chowa is Co-PI on the impact assessment of this $12.5 million grant, working with Michael Sherraden of Washington University.
On May 6, she participated in the press conference announcing the YouthSave project, held at the New America Foundation in Washington, D.C.