ABCs of IDA—Jobs and Economic Transformation | International Development Association - World Bank | International Development Association - World Bank
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The World Bank

ABCs of IDA—Jobs and Economic Transformation

Economic growth has the power to transform societies, boost incomes, and enable citizens to thrive, but growth alone is not enough. To reduce poverty and ensure shared prosperity, growth that creates more, better, and inclusive jobs is needed. Improving financial access, strengthening skills training, supporting a strong private sector and building sustainable infrastructure helps connect people to job opportunities that can help end poverty in the poorest countries. (In pdf: EN | AR | ES | FR RU | ZH)

The challenges facing developing countries are immense. More than 173 million (as of end-2018) people worldwide, disproportionately youth, are unemployed, while another two billion working age adults, mostly women, remain outside the workforce. Around 600 million jobs must be created by 2030 to increase employment rates and absorb the youth entering the labor market. This requires supporting private sector growth.  

Economic transformation is about changing the nature of jobs, of changing what people do, where they do it and how they do it. Just having a job is not enough: What makes a difference is having a more productive job, with good working conditions, and social protection. Besides creating as many formal jobs as possible, it is also crucial to improve productivity and earnings of jobs in the informal sector. The jobs diagnostics undertaken by the World Bank show clearly that the degree of economic transformation determines how widespread job creation will be and the extent of productivity and income gains that result from these jobs. 

The International Development Association (IDA) has a well-established track record of supporting economic growth and investments that create jobs and boost incomes. 

Learn more about how IDA supports country efforts to boost economic growth and create jobs1, and be sure to see our other “ABCs” (achievements by country) of IDA, including highlights of our work on gender, climate change, governance and institution building, and fragility, conflict and violence at ida.worldbank.org/abcs.
The countries included in this brochure are currently eligible for IDA support. To learn more, please visit http://ida.worldbank.org/about/borrowing-countries

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Economic growth has the power to transform societies, boost incomes, and enable citizens to thrive, but growth alone is not enough. To reduce poverty and ensure shared prosperity, growth that creates more, better, and inclusive jobs is needed. Improving financial access, strengthening skills training, supporting a strong private sector and building sustainable infrastructure helps connect people to job opportunities that can help end poverty in the poorest countries. (In pdf: EN | AR | ES | FR RU | ZH)

The challenges facing developing countries are immense. More than 173 million (as of end-2018) people worldwide, disproportionately youth, are unemployed, while another two billion working age adults, mostly women, remain outside the workforce. Around 600 million jobs must be created by 2030 to increase employment rates and absorb the youth entering the labor market. This requires supporting private sector growth.  

Economic transformation is about changing the nature of jobs, of changing what people do, where they do it and how they do it. Just having a job is not enough: What makes a difference is having a more productive job, with good working conditions, and social protection. Besides creating as many formal jobs as possible, it is also crucial to improve productivity and earnings of jobs in the informal sector. The jobs diagnostics undertaken by the World Bank show clearly that the degree of economic transformation determines how widespread job creation will be and the extent of productivity and income gains that result from these jobs. 

The International Development Association (IDA) has a well-established track record of supporting economic growth and investments that create jobs and boost incomes. 

Learn more about how IDA supports country efforts to boost economic growth and create jobs1, and be sure to see our other “ABCs” (achievements by country) of IDA, including highlights of our work on gender, climate change, governance and institution building, and fragility, conflict and violence at ida.worldbank.org/abcs.
The countries included in this brochure are currently eligible for IDA support. To learn more, please visit http://ida.worldbank.org/about/borrowing-countries

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IDA — the World Bank’s fund for the poorest — is one of the world’s largest sources of aid, providing support for health and education, infrastructure and agriculture, and economic and institutional development.

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