Overview

WHY JOBS MATTER

Jobs are at the heart of the development community’s goal of ending poverty. Job related events such as finding or losing a job, or changes in income are the most important reasons for escaping or falling into poverty, particularly in developing countries.  Creating good jobs is therefore key to ending poverty.

WHY PRIVATE SECTOR MATTERS

The private sector provides 9 out of 10 jobs in developing countries. A robust private sector is therefore a crucial part of any long-term and sustainable solution to job creation. It also complements (and depends on) the important role the public sector plays in providing social safety nets for the poorest and creating a business environment in which the private sector can thrive and grow.

LET’S WORK: A GLOBAL PARTNERSHIP TO CREATE MORE & BETTER PRIVATE SECTOR JOBS

The Let’s Work partnership builds on the findings and successful launch of the IFC Jobs Study in January 2013, when twenty-eight IFIs focused on private sector development agreed on a joint communiqué to:

  • Work

    collaboratively to create more and better jobs;

  • Address

    the key constraints identified by the Jobs Study – investment climate, infrastructure, access to finance and training and skills;

  • Help

    private sector companies strengthen their value chains;

  • Promote

    quality jobs and the inclusion of vulnerable groups (i.e. women and youth); and

  • Learn

    from each other in order to achieve a lot more, faster.

Harnessing the knowledge and practical experiences of its partners, Let’s Work will seek to deepen and strengthen the understanding of how job creation happens and how the private sector can create more and better jobs.

The partnership will help develop practical approaches that address the needs of different companies, sectors and countries in such a way that the learning will be a public good for the development community.

© 2016 - Let's Work Partnership