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IFC Development Results and Impact

IFC Development Results and Impact 

Let's Work - Vision 2016

By the end of the three year work program, the Let’s Work partnership will prioritize – at the country and sector level – private sector focused activities with respect to jobs. It will provide a differentiated approach depending on whether the main objective is to increase the number of (formal) jobs or to increase the productivity of jobs. This will include not only direct jobs, but also indirect and induced job effects in the value chains of private companies and job effects from better services (e.g. infrastructure and finance).

  • Country Level: At this level, formal jobs could become a key development goal, reinforcing the importance of the private sector. The partnership will help articulate clearly how private sector based interventions contribute to this goal. Although a “project level” numerical goal on jobs is unrealistic within this time frame, projected ranges and orders of magnitude will be articulated.
  • Sector Level: At this level, jobs will be incorporated into strategies and operational guidance materials. It will be articulated how key activities of development institutions and private companies contribute to job creation, what factors in particular influence the number and quality of jobs created and how we can strengthen these effects. A solid “business case” for an inclusive job creation strategy that creates opportunities for women and youth and improves labor and working conditions will be built.

Together with other partner institutions, the Let’s Work partnership will advance and refine methods for how to estimate job effects of private sector activities. There will also be a broad agreement about which methods to use under what circumstances.

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