Western Union Foundation generously contributed over $187,000 to EFE's Acceleration Fund. The gift will help EFE achieve our 2025 Strategy by conducting market research on jobs and skills in demand and producing thought leadership on the most promising sectors in Jordan and Palestine to respond to market shifts due to COVID-19.
Informed by this thought leadership, EFE will then adapt training programs in Jordan and Palestine to match the skills needed in the changing labor market and facilitate job placements for hundreds of youth in Jordan, Gaza, the West Bank, and Jerusalem.
We're excited to continue our successful partnership with the Western Union Foundation, our long-standing partner since 2016. Jobs are needed more than ever with COVID job losses reaching 255 million globally, four times the number of jobs lost during the 2008 global financial crisis.