PHOTO: Artrero de Guzman/ADB
OFQ: How does your development work help generate jobs in developing countries? What are the ingredients for success and how will these efforts need to change in light of COVID-19? WU: ADB operates across different dimensions of economic and social development. Job creation happens mainly by creating a conducive environment – for example, building a road from farm to market improves access and allows for business development.
ADB has a significant footprint in the region in
supporting the expansion of critical economic sectors such as transport, energy, urban development and finance. With our support to expanding mass transit systems, metro rail, high-speed rail networks, ports, roads, power generation, urban development and inclusive finance, we stimulate job creation in our developing member countries.
Success in job creation stems from adequate planning and the feasibility assessments of options and envisioning the role of job creation through infrastructure investments. Going forward, as part of our long-term Strategy 2030, we intend to unpack the agenda for quality jobs and to develop a possible framework to augment job creation potential in infrastructure projects. There is a
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need to consider education and skills across the entire working life cycle with opportunities for re-skilling and up-skilling as job market requirements change with technology and new industries and as people stay longer in the workforce than before.
Today the health and care sectors represent significant opportunities for expanded employment opportunities and our programs that focus on training new generations of health workers aim to take advantage of thatake advantage of that abor market shift. While continued investment in nfrastructure remains
employment opportunities and our programs that focus on raining ne of health w
labor market shif continued in
infrastructure remains critical, there is a need for increased human
critical, there is a need or increased human capital in a healthier
and productiv
capital investment toward a healthier, more skilled and productive workforce.
orkforce.
“With our support to expanding mass transit systems, metro rail, high- speed rail networks, ports, roads, powergen
we stimu cr
tio
oads, power generation, urban develo urban development and inclusive fi and inclusiv finance, we stimulate job creation in our
developing member countries.”
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Woochong Um
PHOTO: ADB
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