Jobs are at the core of development. Partnerships are essential to effectively tackle the global jobs crisis that countries face today

  • MDTF
  • lets work
  • S4YE
  • Knomad

Why Jobs?

The developing world faces a jobs crisis that hampers efforts to end extreme poverty and to boost shared prosperity. Over two billion people of working age are not participating in the labor force, and around 200 million people are unemployed. The developing world is confronted by a jobs challenge on three levels:

Creating around 40 million jobs per year over the next 15 years to increase employment rates and absorb the young people entering the labor force, particularly in Sub-Saharan African and South Asia. This means enhancing the conditions for private sector growth.

Increasing productivity of jobs across the spectrum of activities to create as many formal jobs as possible while also working to improve productivity and earnings of jobs in the informal sector.

Helping connect people to jobs to ensure that those who are able to work have the incentives to do so, have information about the types of jobs available, the ability to move to the regions where jobs are created, and have skills that are required in today’s job market.

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#29 Reimagining youth skills development for an inclusive recovery

Photo: World Bank Authors: Victoria Levin and Michael Weber Youth aged 15-24 make up 1.2 billion people in the world and it is projected to increase to 1.3 billion by 2030, with some countries and regions experiencing rapid growth, or so-called “youth bulges.” More than one million young people enter the labor market each month in India and in sub-Saharan Africa.…