✓Data quality: Source-backedSeen at source 24 Aug 2026Verified source
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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.
WASHINGTON, APRIL 16, 2026— 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### Contacts: World Bank Group Media Relations: (202) 473-7660, press@worldbank.org
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World Bank Statements(official channel)✓Data quality: Source-backed
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World Bank Statements
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