European Development Days - November 26-27, 2013 - Brussels
IFC co-organized with UNIDO, the Practitioners Network, and ColeACP, a High Level Panel on trade during the European Development Days in Brussels on November 27th. The panel featured high level participants, including former WTO Director-General Pascal Lamy and Yara's CEO Jørgen Ole Haslestad. Discussants analyzed challenges faced by the private sector in connecting to global and regional markets, and highlighted benefits of trade facilitation and capacity building activities. This timely debate took place before the upcoming December Bali WTO Ministerial Conference where the Trade Facilitation Agreement will be discussed.
IFC also organized a panel on private sector job creation on November 26th. Joblessness, especially among the poor, is a global crisis. Currently, there are 200 million people unemployed globally. The unemployment rate for youth is more than two and a half times higher than that of adults, and there are some 620 million young people who are neither working nor studying. The private sector, which provides about 90 percent of jobs in developing countries, is a key player in meeting this challenge. The panel presented the IFC Jobs Study, which outlines key constraints to job creation and the effects of removing them, and discussed the Let's Work Partnership coordinated by IFC and aimed at moving quickly towards implementation, building on the Study's findings.