Tackling Childcare : The Business Case for Employer-Supported Childcare

Almost one in 10 of the world’s population, 679 million, are children younger than five years old. To thrive and develop, these children and their older siblings need care. For the International Finance Corporation (IFC), a member of the World Bank...

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Bibliographic Details
Main Author: International Finance Corporation
Format: Working Paper
Language:English
Published: Washington, DC 2017
Subjects:
Online Access:http://hdl.handle.net/10986/28966
Description
Summary:Almost one in 10 of the world’s population, 679 million, are children younger than five years old. To thrive and develop, these children and their older siblings need care. For the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused exclusively on the private sector in developing countries, improving access to childcare goes hand in hand with fostering workplace gender diversity, and helping parents enter and advance in the workforce while enabling companies to strengthen their bottom line. IFC’s focus on removing barriers, such as lack of childcare, to women’s (and men’s) access to more and better jobs is embedded in the World Bank Group’s gender strategy and IFC’s vision focused on creating markets, particularly in fragile, conflict-affected, and low-income countries. In countries where employer-supported childcare is mandatory, IFC is working with its clients to substantiate the business case and to help them go beyond compliance and implement childcare strategies best suited to their business needs, thus resulting in better business results.