| 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.
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