MANUFACTURING
Driving economic growth through manufacturing
Manufacturing is a key driver of jobs. In most countries, manufacturing generates more economic activity per dollar of production than any other business sector, strengthening economies and opportunities. Manufacturers directly create jobs across a range of skill levels, enabling people, especially women, to move from informal work to formal employment with benefits, such as more security, better pay, social insurance, and access to financial services. Over the past three years, IFC, as part of the World Bank Group, has supported more than 60 manufacturing projects focused on upgrading value chains, enhancing export readiness, and increasing value addition. The efforts have contributed to the creation of between 820,000 and 1.2 million jobs.