The latest edition of the Western Balkans Regular Economic Report, Greening the Recovery stated that the Western Balkans region is rebounding from the COVID-19-induced recession of 2020, thanks to a faster-than-expected recovery in 2021. The outlook for the region has improved significantly, with GDP growth now projected to reach 5.9 percent in 2021, after a 3.1 percent contraction in 2020. Growth in the region is projected at 4.1 percent in 2022 and 3.8 percent in 2023. In Bosnia and … [Read more...] about As Economy recovers, Bosnia and Herzegovina should focus on job creation
Over £500 million to support hundreds of thousands of people into jobs announced by UK government
Hundreds of thousands of people to be supported as part of the more than £500 million expansion of the UK government's Plan for Jobs. Workers leaving the furlough scheme and unemployed people over the age of 50 will be helped back into work as part of more than £500m expansion of the government’s Plan for Jobs. Those on the lowest wages will also be helped to progress in their careers and existing schemes targeting young people will be extended into next year as part of the new package which … [Read more...] about Over £500 million to support hundreds of thousands of people into jobs announced by UK government
ADB launches new country partnership strategy (CPS) for Bangladesh
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Bangladesh that aims to boost competitiveness, employment, and private sector development; promote green growth and climate resilience; and strengthen human capital and social protection. The CPS for 2021–2025 will help Bangladesh realize its aspiration of becoming an upper middle-income country by 2031 through increased public and private investments in the next 5 years. It will also support rapid … [Read more...] about ADB launches new country partnership strategy (CPS) for Bangladesh
ILO: LAC face an insufficient labour market recovery with a predominance of informal jobs
The economic recovery in Latin America and the Caribbean is still insufficient to recuperate the jobs lost during the pandemic, and has given rise to a labour market characterized by a high unemployment rate and a strong prevalence of informal occupations, highlighted a new ILO technical note released. The ILO Director added that, “the close link between labour informality, low income and inequality has become even more evident in this context.” The technical note “Employment and … [Read more...] about ILO: LAC face an insufficient labour market recovery with a predominance of informal jobs
COVID-19: IFAD to assist Syrian rural community with US$544,795 grant
The International Fund for Agricultural Development (IFAD) has contributed a US$544,795 grant to alleviate the pressure of the COVID pandemic on the Syrian rural community. Under this grant, the Livelihoods Resilience Building Project (LRBP) will complement the farming activities and meet needs of the most vulnerable and fragile rural communities--including small-scale livestock herders and farmers who need help to safeguard their livelihoods in the face of the COVID-19 crisis. The project … [Read more...] about COVID-19: IFAD to assist Syrian rural community with US$544,795 grant
ILO and IUCN sign MoU to promote interdependence between jobs and nature
The International Labour Organization (ILO) and the International Union for Conservation of Nature (IUCN) have signed a new Memorandum of Understanding (MoU) to raise awareness on the interdependence between jobs and nature. The MoU is intended to formalize the already ongoing collaboration between the two organizations to promote and support, among other things, Green Works , the creation of decent jobs through investments in reforestation, soil and water conservation, environmental … [Read more...] about ILO and IUCN sign MoU to promote interdependence between jobs and nature
United Kingdom announces the first sponsor for the Global Investment Summit
The United Kingdom has announced that Barclays Bank is the first sponsor for the Global Investment Summit (GIS) taking place on 19th October. Hosted by the Prime Minister and supported by members of the Royal Family, the summit will showcase British innovation, demonstrate commitment to green industries of the future ahead of COP26, and promote UK as the best destination for foreign investment. British banking giant Barclays will be one of several sponsors to be announced in the lead up to … [Read more...] about United Kingdom announces the first sponsor for the Global Investment Summit
AfDB’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3m for youth jobs and skills
The African Development Bank technical review committee approved eight project proposals to receive funding in an important milestone for its Jobs for Youth in Africa Strategy. Approved proposals will receive grant funding of more than $7.3 million to operationalize their activities, creating several new enterprises and an estimated 20,000 jobs for youth across the continent. Several of the approved proposals were submitted in response to a call from the Human Capital, Youth and Skills … [Read more...] about AfDB’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3m for youth jobs and skills
130,000 users across Africa: AfDB Coding for Employment program marks milestone
On International Youth Day, the African Development Bank announces the enrolment of 130,000 users in its Coding for Employment digital skills program. The milestone comes as Coding for Employment works to equip African youth with information and communication technology, entrepreneurship and soft-skills training to compete in a digital economy. The program’s online platforms offer in-demand technical courses such as web development, design, data science and digital marketing – for … [Read more...] about 130,000 users across Africa: AfDB Coding for Employment program marks milestone
ADB to aid youth employment in Philippines with $400m in financing
The Asian Development Bank (ADB) has approved a $400 million policy-based financing to support the Philippine government’s efforts to expand youth employment and skills programs to help young Filipinos find quality jobs. The Facilitating Youth School-to-Work Transition Program, Subprogram 3, builds on nearly a decade of ADB support to the government in shortening the time at-risk young Filipinos spend to find work after leaving school. The program will assist the Department of Labor and … [Read more...] about ADB to aid youth employment in Philippines with $400m in financing
