EDFI and FMO launched a report on Decent Work and Development Finance. It is the first study of its kind to set out the best practices of Development Finance Institutions regarding the principle of job quality – what it means in the field, and how it can be supported.
Decent Work (SDG 8) is a critical development objective, given that entities financed by EDFI members support at least two million jobs directly.
The report, produced by Ergon Associates, is based on efforts by FMO and other institutions to collect feedback from environmental and social specialists, development effectiveness specialists and other stakeholders, and aims to collate best practices for other banks and investors to follow. It may also be of interest to other organisations active in the development field, such as trade unions and civil society organisations.
The report is produced as input to the Let’s Work Partnership, a group of 28 international financial institutions focused on private sector development whose aim is to coordinate the creation of more and better private sector jobs in emerging economies.