Transforming Economies, Enabling Jobs
Competitiveness for Jobs and Economic Transformation (C-JET) is a global partnership facility that helps foster the economic transformation needed to enable better jobs for more people, sustainably and at scale. The Umbrella 2.0 trust fund program focuses on the enabling conditions and programs that promote the entry and growth of competitive firms and sectors as drivers of better jobs. C-JET’s four main thematic pillars include:
- Strengthening the business enabling environment;
- Expanding access to competitive and contestable markets;
- Promoting technology adoption to raise productivity; and
- Supporting entrepreneurship and SME growth. The cross-cutting areas are gender, climate and green competitiveness, and leveraging digital technologies.
With the unfolding of the COVID-19 global pandemic crisis, there was an urgent need to counter economic destruction in the face of an unprecedented decline in economic activity and jobs in the immediate run, and to help firms restructure in the face of the new normal while positioning them for a resilient recovery.
By providing support to firms and addressing new constraints to productivity growth and job creation, C-JET is helping countries adjust and achieve a faster and more sustainable recovery. C-JET supports deeper structural change to spur the recovery by promoting innovation and digital solutions to expand jobs and business opportunities. It also contributes towards building a more resilient and equitable future by boosting the green competitiveness agenda and promoting greater gender equality in economic opportunities.
Download the C-JET Annual Progress Reports: FY24 | FY23
C-JET's Global Reach
