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Investment for Employment Facility: KfW Development Bank expects to create 100,000 jobs in eight countries

24/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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The IFE of the KfW German Development Bank presented the funding opportunities, the application process and the selection criteria to domestic private companies. Its initiative aims to create 100,000 jobs in eight countries, an average of 10,000 jobs per country.

La KfW Development Bank informed about the 3rd regional call for projects under the Facility Investments for Employment (IFE). According to KFW representatives, Hubert Hourizene and Ronald Bauer, as well as Serge Touré, IFE's focal point in Côte d'Ivoire, the Investment for Employment Facility is part of the special decent employment initiative for a just transition, launched by the German Federal Ministry for Economic Cooperation and Development (BMZ). It is part of the main objective of promoting job creation in countries where IFE is operational. Concretely, he expects to create 100,000 jobs in eight countries, or an average of 10,000 jobs per country.

In addition to creating jobs, the initiative also aims to preserve existing jobs, facilitate innovative training offers in sectors such as renewable energy and the circular economy, and at amé improve working conditions as well as the security of investments in the private sector

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