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IFC Development Results and Impact

IFC Development Results and Impact 

Let's Work - Jobs Study


Roland Michelitsch, Chief Results Measurement Specialist & Global Head, Let's Work

The IFC launched a report on the findings of a study on how the private sector creates jobs in developing countries. The study, Assessing Private Sector Contributions to Job Creation, was released as a companion report to the World Bank’s World Development Report 2013 on Jobs.
 

The study concludes that four obstacles pose a particular challenge to job creation in the private sector: a weak investment climate, inadequate infrastructure, limited access to finance for micro, small and medium enterprises and insufficient training and skills. Removing these obstacles can significantly increase job creation.
 

In a joint communiqué issued at the Jobs Study report launch in January 2013, twenty-eight leading international finance institutions immediately pledged to work together to address job creation, and learn from each other’s experience. The Let’s Work partnership is the continuation of this commitment to implement the findings of the report.

 

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