• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    200 million unemployed and counting

    By Adrienne Valdez // 15 January 2013
    A man works on his sewing machine. Several international finance institutions have signed a communique to boost employment around the world. Photo by: Daniel Gruener / Inter-American Development Bank

    Several international finance institutions have renewed their commitment to job creation – but without mentioning details on new funding or partnerships to boost employment around the world.

    The International Finance Corp., a World Bank Group member, released a report on Jan. 14 which highlights the need to empower women and the development community’s role in helping the private sector connect with academic institutions to train the next generation of job seekers and leaders.

    In a joint communiqué issued on the same day, 25 international finance institutions, including the Inter-American Development Bank, African Development Bank, Asian Development Bank and the European Investment Bank, promised to cooperate more and leverage their expertise and ties with public, private and other institutions to create up to 600 million jobs by 2020, a target the World Bank set last October in its World Development Report 2013. (At present, the World Bank predicts worldwide unemployment to be around 200 million.)

    That report tapped the private sector as the source of 90 percent of all jobs worldwide.

    The IFC report, “Assessing Private Sector Contributions to Job Creation,” includes a number of recommendations on how academia, governments, finance institutions and the private sector can help create employment opportunities for women and improve investment climates and infrastructures in developing countries. Few of these recommendations are new, but the focus on partnership may help maximize resources.

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

    • Banking & Finance
    • Private Sector
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Adrienne Valdez

      Adrienne Valdez

      Adrienne Valdez is a former staff writer for Devex, covering breaking international development news. Before joining Devex, Adrienne worked as a news correspondent for a public-sector modernization publication.

    Search for articles

    Related Jobs

    • Administration and Finance Coordinator - Nigeria
      Maiduguri, Nigeria | Nigeria | West Africa
    • Head of Finance
      Belgium | Western Europe
    • Technical Assistance Officer (Contractual) - FADRM
      Washington, D.C., District of Columbia, United States | District of Columbia, United States | United States | North America
    • See more

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      Strengthening health systems by measuring what really matters

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    Related Stories

    World Bank Spring MeetingsThe World Bank is focused on jobs. What does that mean?

    The World Bank is focused on jobs. What does that mean?

    Development financeThe investment shift that could reshape African health care

    The investment shift that could reshape African health care

    Devex NewswireDevex Newswire: At the World Bank, ‘jobs’ is the magic word

    Devex Newswire: At the World Bank, ‘jobs’ is the magic word

    World Bank Spring MeetingsWhat to watch at the 2025 World Bank-IMF Spring Meetings

    What to watch at the 2025 World Bank-IMF Spring Meetings

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement