The growing context for this growing interest and action in youth investment is clear. One of the most sobering global challenges today is the lack of decent work opportunities for young people. Over the next decade, the International Labour Organization (ILO) expects more than one billion young people will enter the global labor market. Some labor experts predict, however, that based on current trends only about 300 million new jobs will likely be created during this same period. The gap between global youth labor supply and actual labor market demand presents a great challenge for developing countries in particular. Nearly 85 percent of these job seekers will live in the developing world, where we already face the highest rate of youth unemployment (and under-employment) on record, and where young people are more than four times as likely to be unemployed compared with older workers.