11:30 – 12:45 - Session Two New Ways of Working Together – The Jobs Agenda Chair: Joachim von Amsberg, Vice President, CFP, WB Presenter: Nena Stoiljkovic, Vice President, Business Advisory Services, IFC Panel: Jennifer Keller, Senior Economist, Economic Policy and Debt Department, WB Kaushik Shah, Director, Safal Group, Eastern Africa Roland Michelitsch, Chief Results Measurement Specialist Development Impact Department, IFC

3 New Ways of Working Together: The Jobs Agenda Nena Stoiljkovic Vice President, IFC Session 2 May 21, 2013 The World Bank Group

Jobs take people out of poverty… 4 Research shows that a job is, by a wide margin, the most important pathway out of poverty

5 The jobs challenge  To increase the Quantity of jobs and their productivity.  To increase the Quality of jobs (especially for women and youth)  Challenge for most countries- industrialized, emerging markets and low income - as global markets are highly inter-connected. JOB FACTS  200 million unemployed  Over 620 million idle young people, neither working nor studying  About 600 million jobs will need to be added by 2020 to keep up with population growth JOB FACTS  200 million unemployed  Over 620 million idle young people, neither working nor studying  About 600 million jobs will need to be added by 2020 to keep up with population growth How to create more and better jobs is the most critical issue facing policy makers today

6  Private sector provides 90% of all jobs in developing countries  The only sustainable & long term solution – private sector  But governments and development organizations play a critical role in getting the basics right The private sector is the engine of job creation, but governments and development partners have a major role

3 distinct layers of policies are needed 7 Source: 2013 World Development Report on Jobs

8 * Size: Small = 5-20 employees, medium= employees, and large >= 100 employees. Source: IFC Jobs Study based on World Bank Group Enterprise Surveys covering 46,566 enterprises in 106 countries. Key Constraints for the Private Sector

9 Good jobs for development Agrarian Helping urban jobs: WBG-supported investment climate reforms in 4 countries in Africa helps create about 50,000 jobs in 2 years Conflict- affected Jobs to establish social cohesion: 22,675 ex-combatants in Rwanda received stipends to start a small business or agricultural project Urbanizing Infrastructure for employment: 75,000 jobs created in 6 years as result of reliable power in India Resource-rich Promoting productive extractive jobs: IFC-supported supply-chain linkage program in Ghana (mining) led to large employment multiplier Small island Connecting people to markets and jobs: IFC-backed mobile banking in PNG brings reliable mobile phones to millions, and direct jobs for 30,000 Youth un- employment Promoting more employability of youth: WBG-supported training programs in Tunisia link youth to private sector employment opportunities. Formalizing Promoting formalization by streamlining business registration processes in Peru and Colombia Aging Reducing healthcare costs for older workers : World Bank supported loans extended medical insurance coverage to 900,000 people by How the WBG is helping in different contexts

10 Policy Analysis  WDR 2013 on Jobs and IFC Jobs Study  World Bank multi-donor trust fund on jobs, growth and employment  IFC’s E4E for Arab Youth Donor funds have played an important role Other Examples  Bosnia & Herzegovina- microfinance project creates 200,000 jobs, 50% of borrowers women  Mongolia Sustainable Livelihoods Program improves pastoral management skills of 36,000 families  Jordan Skill development for employability program  Investment climate reforms through FIAS … 46 reforms in FY12 – IDA-focus  GAFSP seeks to increase food security working with public and private sector - will create job opportunities in agrarian economies.  SME/gender baseline study in 25 countries will allow IFC to establish baseline for jobs provided by MSMEs (100M jobs) and extent of female ownership.

How can the World Bank Group help? 11  The WBG well positioned to help the development community, working with partners, to address the global jobs challenge.  WBG working closely with other international institutions (ILO, OECD, WBCSD, WEF), private-sector oriented IFIs (e.g. joint communiqué of 28 IFIs on creating more and better jobs), and bilateral donors  Next steps: to focus on developing more context specific approaches at the country, sector and company level, improving diagnostic tools, availability of adequate & timely data, and broader knowledge sharing.  Special Focus on inclusive jobs - jobs for women, youth, jobs in FCS