Supporting the creation of more, better, and more inclusive jobs is critical towards achieving the goals of poverty reduction and shared prosperity in countries. This is especially true for low-income countries that face multiple challenges, such as informal employment, inequality in earnings, and lack of opportunities, among others, when it comes to creating jobs. Tackling these multiple challenges requires a multipronged approach, including engaging with the private sector. Since 2014, the World Bank’s fund for the poorest countries, the International Development Association (IDA) has made jobs a particular focus in its projects.  

In this episode, host, Birgit Hansl, Manager in the economic management and country program unit in IEG, speaks with Oscar Calvo-Gonzalez, Regional Director of the World Bank's Economic Policy Global Practice in the Latin America and the Caribbean region, and Rashmi Shankar, Lead Economist in IEG. Together, they unpack the challenges that low-income countries face in creating better jobs and discuss how the World Bank can help address some of these challenges focusing on the role of the private sector.