Following the successful launch of the Jobs Study in January 2013, IFC is coordinating a global coalition of private sector, international finance institutions and donors called Let’s Work to help create more and better jobs. The objective of the Let’s Work partnership is to implement the findings of the Jobs Study and address the needs of various companies, sectors and countries on this pressing issue. Working with key partners, Let’s Work will help develop knowledge and practical approaches to the jobs agenda that would serve as a public good for the development community.
Why Jobs Matter
Jobs are at the heart of the development community’s goal of ending poverty. Research confirms that job related events – finding or losing a job or changes in income from a job – are the most important reasons for escaping or falling into poverty, particularly in developing countries. Creating good jobs is therefore an integral part of ending poverty.
Why Private Sector Matters for Jobs
The private sector provides 9 out of 10 jobs in developing countries. It also complements (and depends on) the important role public sector plays in providing social safety nets for the poorest and creating an enabling business environment. A robust private sector is therefore a crucial part of any long-term and sustainable solutions to job creation.
Support for Let's Work
IFC is coordinating participation and support from various private sector companies and development partners. The Netherlands, Inter-American Development Bank (IDB), African Development Bank (AfDB), Asian Development Bank (ADB), Private Infrastructure Development Group (PIDG) and Overseas Development Institute (ODI) have already joined the partnership, while IFC is in discussion with several others who are expected to join soon.
The official website of the Let’s Work: a global partnership to create more and better private sector jobs will be launched soon. Please check this webpage for updates.