Below you may find information on some of the latest initiatives from the World Bank and the International Monetary Fund concerning the implementation of measures to fight the spread of coronavirus. In parallel, you will find updated information about the policy initiatives taken by Parliaments around the world to cope with Covid-19 since the beginning of the crisis.
Sustainable Development Goal 8 : Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
With the youth unemployment rate increasing worldwide, youth job creation has become one of the greatest challenges of international development. The rapid population growth in Asia and sub-Saharan Africa means that a billion new jobs need to be created by 2030 to accommodate this demographic shift. As the world is becoming more and more youthful, we need to ensure that there are enough opportunities for all, and that young people of both genders are able to obtain necessary skills to match these opportunities. The benefits that flow from successful youth job creation are enormous. Young people in jobs grow economies; young people without jobs deplete them. We need more of the former and less of the latter.
One of the work foci of the Parliamentary Network is to bring together parliamentarians, representatives of the private sector as well as donor countries to discuss how to improve the environment for doing business in the developing world and how countries can improve their ranking in international evaluations such as the Doing Business Report.
Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. The Rt Hon. Liam Byrne is the current Chair of the Parliamentary Network.
The Network – via its international secretariat, regional chapters and country chapters – reaches over 1000 Parliamentarians in Africa, Asia, Europe and the Americas. It strives to increase transparency and accountability in the development cooperation process by fostering the oversight role of parliaments and civil society. The Network has a specific focus on multilateral aid and a sub-focus on the work and modus operandi of the World Bank Group and the International Monetary Fund (IMF), the world’s largest multilateral funders.
It provides a platform for MPs and civil society to hold to account their own governments, as well as International Financial Institutions (IFIs), for development outcomes.
