WASHINGTON — The following Multilateral Development Banks (MDBs) have agreed to closer collaboration on a common approach to measuring the impact of our operations on creating more and better jobs. To achieve this, we will deepen coordination and partnership across countries, MDBs, the private sector, and other stakeholders.
The work will be iterative and refined by MDBs based on lessons learned, individual mandates, and latest best practice. This process will also be informed by dialogue with stakeholders, including the International Labour Organization (ILO), to ensure that discussions reflect the quality of jobs created.
Our goal is to advance our collective understanding of the best pathways for job creation and workers’ earnings in each region and context, to help drive growth and improve livelihoods in our countries of operation. Creating more and better jobs lifts households out of poverty, improves social cohesion and reduces vulnerability. The quality of jobs is an essential dimension of this effort. Our collaboration will help support better policy dialogue and stronger project design, to deliver more and better jobs.
_________________
AfDB: African Development Bank
ADB: Asian Development Bank
AIIB: Asian Infrastructure Investment Bank
CDB: Caribbean Development Bank
CEB: Council of Europe Development Bank
EBRD: European Bank for Reconstruction and Development
EIB: European Investment Bank
IDB Group: Inter-American Development Bank Group
IsDB: Islamic Development Bank
NDB: New Development Bank
WBG: World Bank Group
About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region’s public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.