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Governance

Ushering in a new era for jobs and economic transformation through IDA18

Thomas Farole's picture
With IDA18, new approaches to operations, new financial instruments, as well as new analytics and tools will help ensure we deliver on the jobs agenda. Photo: © John Hogg/World Bank

On December 14th and 15th donor and borrower country representatives of the World Bank Group will meet in Yogyakarta, Indonesia to finalize details for the 18th replenishment of IDA. The final agreement on IDA18 is expected to usher in a new era for IDA, the Bank’s fund for the poorest, dramatically increasing the level of financing and the potential for impact on development for the world’s poorest countries.
 
Central to the discussions on IDA over the past year has been the issue of jobs – how to deliver more jobs to meet the demands of a growing youth population; how best to improve job quality, particularly for the vast majority of workers in IDA countries who struggle in subsistence-level self-employment and other forms of informal employment; and how to make jobs more inclusive to women, youth, and populations in remote and lagging regions.

Creating good jobs in Africa: demand- and supply-side policies

Stephen Golub's picture
In Africa people do have jobs: they are simply too poor not to work.  Instead, the problem is underemployment; typically 90% (or more) of the labor force is in the informal sector such as subsistence agriculture and urban self-employment in petty services.  African labor markets remain marked by large disparities in incomes between a small number of formal public and private employees, and the vast informal sector. These informal sector workers have no job security, minimal benefits, very low pay, and often face hazardous working conditions.  So the challenge is to create better jobs, as well as more jobs.