The World Economic Forum’s first Jobs Reset Summit convened more than 1,000 leaders from government, business and civil society to shape a new agenda for growth, jobs, skills and equity.
It follows the Forum’s January 2020 launch of the Reskilling Revolution online platform to create better jobs, skills and education for 1 billion people by 2030. The platform hosts global, national and industry coalitions.
The Forum’s Closing the Skills Gap Accelerators are a global network of national efforts to improve skills, redeploy upskilled workers and promote inclusion. At last week’s summit, three new countries – Georgia, Greece and Turkey – joined Bahrain, Brazil, India, Oman, Pakistan, South Africa, and the United Arab Emirates to close skills and employment gaps in their countries.
“Closing the skills and employment gap has never been so urgent and vital to our economy and society as we recover from the pandemic. The Accelerator in Greece will work with major private-sector companies and Regeneration as the local coordinator to build partnerships that would mobilize investment for job creation and reskill our workforce for the jobs of tomorrow,” said Adonis Georgiadis, Minister for Development and Investment, Greece.
Georgia has set up a new platform, Skills Georgia, under the Accelerator, a public-private agency run as a non-profit organization that will “give the opportunity for the new generation to become more innovative; more start-up, tech and innovation-oriented with their entrepreneurial thinking,” said Tamar Kitiashvili, Deputy Minister of Education, Science, Culture and Sport, Georgia.
Turkey is launching the Closing the Skills Gap Accelerator championed by three ministers – Industry and Technology; Education; and Family, Labour and Social Services – showcasing the cross-governmental collaboration required for rapid action on skills.
Leading policy-makers from Bahrain, Brazil and Pakistan provided updates on the efforts in their respective Accelerators to adapt to the pandemic and deliver skills to workers and out-of-work individuals. Brazil’s Deputy Minister of the Economy revealed that under Brazil’s Accelerator more than 8 million people will be trained to increase their future employability in the next two years. In Pakistan, the Minister for Overseas Pakistanis and Human Resources highlighted a standardization and accreditation system in more than 10,000 training centres across Pakistan, created in close partnership with the private sector. Bahrain’s Minister of Youth showcased the efforts focused on young graduates to equip them with the skills of tomorrow.
The Reskilling Revolution platform also hosts the Skills Consortium of top online education and training providers. These companies and organizations, including Coursera, Udacity and EdX, shared their support of workers in the current context and the opportunities for further delivering on the promise of online learning and training through better accreditation and recognition by employers.
Business-led and intra-industry collaborations were also announced at the summit to create solutions for workers who can be rapidly upskilled and redeployed to a different role within their sector, leveraging both online and in-person training. For example, Crescent Petroleum shared its partnership with Edraak to provide online learning for youth in the Middle East and North Africa region, with over 240,000 people already registered.
A New Agenda for Economic Growth, Revival and Transformation
A community of leading chief economists from the public and private sectors supported the development of the Forum’s Dashboard for the New Economy. The proposed set of macroeconomic targets aims to steer the COVID-19 recovery beyond GDP growth alone and give governments the impetus to put the focus on people, planet, prosperity and institutions.
The Forum also launched a priority list of 20 of the most promising Markets of Tomorrow that are poised to generate sustainable and inclusive job creation and growth beyond today’s economic models. A network of Closing the Innovation Gap Accelerators will be taking forward investments in these new markets and innovation ecosystems.
A New Agenda for Work, Wages and Job Creation
The World Economic Forum’s Future of Jobs Report, released during the summit, highlighted the “double disruption” faced by workers in the face of the pandemic recession coupled with accelerated automation.
A coalition of more than 60 chief human resources officers partnered with the World Economic Forum and Mercer to create a new set of principles for the future of work through the Resetting the Future of Work Agenda.
As part of a network of Preparing for the Future of Work Accelerators across nine industries, the Consumer Industry Acceleratorannounced an initiative to create “reskilling and redeployment pathways” for thousands of employees. Leena Nair, Chief Human Resources Officer, Unilever, announced the collaboration with Walmart, Accenture and Skyhive. “It’s the first of its kind, non-competitive, collaborative partnership,” said Nair. The coalition is inviting companies from across industries to join the response to deal with the scale of the reskilling challenge.
A New Agenda for Equity, Inclusion and Social Justice
In addition, Jordan joined 10 other economies, including Argentina, Chile, Colombia, Panama, Costa Rica, Peru, Dominican Republic, Egypt and France, deploying the Closing the Gender Gap Accelerators to enhance opportunities for women in the workforce.
“The government of Jordan is committed to gender equality and women’s empowerment as an effective tool to combat poverty, hunger and diseases. Today’s launch of the Jordan Closing the Gender Gap Accelerator will help us incorporate gender as a cross-cutting theme in our economic recovery plans. It is also in line with our longstanding public-private collaboration efforts to create more equitable growth,” said Nasser Shraideh, Jordan’s Minister of Planning and International Cooperation.
The Future of Jobs Report highlighted how the impact of technology and the COVID recession on jobs has been worse for women, youth and lower-income workers. The newly launched Resetting the Future of Work Agenda highlights the win-win of diversity, equity and inclusion in this context, while the recent Diversity, Equity and Inclusion 4.0 Toolkithelps companies deploy the latest HR technologies to support this.
The Valuable 500 – committed to transforming disability inclusion through business leadership and opportunity, launched at the Forum’s Annual Meeting 2019 – announced an additional 100 members since January 2020. With 334 organizations worldwide, combined revenues of over $4.5 trillion and an employee base of 11.9 million, The Valuable 500, in partnership with the Forum, launched its Transformation Leadership Programme to build capability at leadership and C-suite level.
Notable Quotes from Leaders throughout the Summit
Environmental and social pressures have exposed the fault lines in the structure of global capitalism. Ray Dalio, Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, said: “Capitalism by its nature tends to create greater wealth gaps. There needs to be a coordinated effort to restructure how the machine works.”
Unilever’s Chief Executive Officer Alan Jope referred to COVID-19 causing a jobs crisis but urged action on two further crises, climate change and the nature of capitalism itself, “We must change the measures of success,” he said, moving beyond the preoccupation with measuring only GDP and profit as yardsticks for the recovery.
“We have a tech-savvy younger generation, and the challenge now is how do we equip them more”, said Rania Al-Mashat, Minister of International Cooperation of Egypt, and a Co-Chair of the Closing the Gender Gap Accelerator in Egypt.
Jonas Prising, Chairman and Chief Executive Officer of ManpowerGroup, described a two-speed recovery from COVID-19. “Businesses that are able to adapt are recovering quicker than those that cannot. The same is true for the labour market. People with the right skills will come back faster.”
For Angel Gurría, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), “Coordination is missing in action,” he said. Yet, the only way to deal with issues of international trade, migration, climate change, employment and economic recovery from COVID-19 – even the search for a vaccine – is through multilateral cooperation.
The International Trade Union Confederation (ITUC) and others called for the creation of a Global Social Protection Fund for those hardest hit by the COVID-19 crisis. “About half of the world’s people have no social protection or any sense of security,” said Sharan Burrow, General-Secretary, International Trade Union Confederation (ITUC).
Geraldine Matchett, Co-Chief Executive Officer and Chief Financial Officer of Royal DSM highlighted how technology can help to enable fairer access to jobs and that “the COVID crisis has shown us that it’s very possible to change the definition and format of work.” Royal DSM is a founding partner of the Forum’s Hardwiring Gender Parity in the Future of Work framework.
Top 5 Examples of Best Nonprofit Grant Proposals
Compiling a grant proposal is a complicated task. Nonprofits have to conduct ample amounts of research, create multiple drafts and compile everything to fit the criteria of the grant foundation. The odds of getting your proposal accepted are already stacked against you and the best way to ensure success is by staying prepared. One way you can make your grant proposal air-tight is by reviewing successful grant proposals. You can add points from previously successful documents to strengthen your case.
Preparation is key
Drafting a grant proposal can be a lengthy process. It is a good idea to start gathering data and reviewing it beforehand. Reviewing successful grant proposals can help you get new ideas and perhaps, inspiration even. You can find a list of effective examples on the internet and we have compiled a few here to make things easy for you.
5 Examples of effective grant proposals
To ease the understanding, the examples are divided as per the sectors for which nonprofits often work.
Education is a key foundation for society and if you are looking to seek a grant to support an educational initiative, this particular example might be conveniently helpful.
Salem Education Foundation: This particular grant was submitted by a school that sought to receive funding for enriched learning opportunities that lay beyond the scope of a conventional classroom. This particular grant proposal was written for history students of the school.
Children can be the most at-risk group of society and there are a multitude of nonprofits that aim to help them. Consequently, there are a huge number of grants that aim to help children fulfill their potential and lead happy lives. The following example is how a grant proposal should look like when the focus of their goal is improving the lives of children.
William T. Grant Foundation: This grant is given to those groups that actively conduct research that is solely focused on improving the lives of young people in the United States. The foundation often publishes accepted grant proposals to help guide those looking to apply. Review their proposals for a better idea on how to craft yours.
Individual and family support
If your nonprofit is actively seeking to serve the disadvantaged population of society, then you will need to submit a proposal that highlights their plight. The following proposal is an example that will help you decide the inclusions for your proposal.
Kennett Area Senior Center: This particular grant was submitted by the Kennett Area Senior Center to the community grant foundation. The grant proposal was a request for funds to provide assistance and necessary services for senior citizens.
If your nonprofit is aiming to raise funds for an arts program or a project, the following example demonstrates what your grant proposal should look like. Upon review you will be clear on what to include in your documentation:
University of Minnesota’s Imagine Fund: Take a look at various successful proposals that were submitted to the Imagine Fund program. This program is known for supporting arts-related projects.
Whether it is scientific research, conservation, or any form of scientific endeavor, the following proposals can provide you with ideas for your grant proposal. You can review them and figure out what to include and how you can solidify the strength of your proposal.
NIAID: The National Allergy and Infectious Diseases grants various funds to institutes and nonprofits looking to drive advancement in the field of science and scientific research. You can peruse through various types of successful grants and figure out what made each one stand out.
These examples are just some of many grant proposals that have achieved success. By studying them and reviewing the literature, your nonprofit can take away ideas and insights which can be useful in drafting your proposal.
Global value chains in the aftermath of the pandemic: What role for the G20?
Can embedding inclusive and sustainable transformation at the core of multilateral efforts help ensure that countries benefit from integration in global value chains (GVCs)? This was the question addressed by a stellar line-up of speakers brought together for a webinar organized by the United Nations Industrial Development Organization (UNIDO), together with the International Affairs Institute (IAI) and in cooperation with the Kiel Institute for the World Economy and the German Institute for Global Area Studies.
In the framework of the T20 Spring Roundtables, the virtual event brought together more than 200 participants worldwide. The discussion focused on inclusiveness and sustainability in global value chains in the aftermath of the coronavirus disruptions, and served as a platform to develop ideas and recommendations for the G20.
UNIDO’s Director General, LI Yong, said that to build back better, “we can stimulate inclusiveness by focusing our policy efforts on building state-of-the-art capabilities in small and medium-sized enterprises (…) and sustainability through smart regulation, including a new generation of trade and investment agreements.” Moreover, he stressed the need “to increase our joint efforts towards strengthening multilateral approaches to policymaking.
Pier Carlo Padoan, the Vice President of the IAI and T20 Italy Lead Co-Chair of Task Force 3: Trade, Investment and Growth, echoed the sentiment and brought the focus onto how we can strengthen the backbone of global value chains, and reaffirmed that “the G20 must retain its leadership in building up a new paradigm of sustainable growth,” despite the deep flaws and scars created by the coronavirus crisis in the current system.
“Making global supply chains fair and sustainable is a task in which policymakers and private enterprises have to engage,” said Norbert Barthle, Parliamentary State Secretary in Germany’s Federal Ministry for Economic Cooperation and Development. He said Germany’s Due Diligence Act is looking to address these challenges holistically by ensuring higher social standards in global value chains, leveling the playing field, and enhancing transparency in supply chains.
When looking at the playing field, buyers and suppliers find themselves in uneven positions, depending on the governance landscape. In this context, Beata Javorcik, Chief Economist of the European Bank for Reconstruction and Development (EBRD), underlined that “we need clear messaging about commitments to sustainability, we need to reduce information asymmetries,” as this will enhance the inclusiveness of global value chains, allowing for firms of all sizes to engage with and participate in global trade.
Diving deeper into global trade, Pamela Coke-Hamilton, the Executive Director of the International Trade Centre, highlighted the importance of ensuring transparency and predictability for greater participation of small and medium sized enterprises (SMEs) in global value chains. Coke-Hamilton said this can be achieved by mainstreaming and facilitating compliance with international standards, supporting innovation and digital technologies, and promoting sustainability.
Marco Felisati, Business 20 Sherpa and Confindustria’s Deputy Director of Internationalization and Trade Policy, echoed the panel’s view that “there is no trade-off between competitiveness and sustainability.” He highlighted that “on the contrary, complying with high sustainability factors is a competitiveness factor, and being competitive is a prerequisite for GVCs to be sustainable and inclusive.”
Mario Cimoli, Deputy to the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), reaffirmed that “manufacturing continues to be crucial.” He said in Latin America the pandemic has highlighted that manufacturing remains a key issue, as it is the only way “to expand industry, create diversification, and to sustain wages.”
As many countries are opening up again after a year of restrictions, speakers agreed that the time is now to look beyond the pandemic and focus on ensuring that global value chains become more inclusive and sustainable. The panel agreed that international coordination through multilateral bodies such as the G20 will be vital in moving forward.
World Bank Supports Croatia’s Firms Hit by COVID-19 Pandemic
Tamara Perko, President of the Management Board of the Croatian Bank for Reconstruction and Development (HBOR) and Elisabetta Capannelli, World Bank Country Manager for Croatia, signed a Loan Agreement for the HEAL Croatia Project (Helping Enterprises Access Liquidity) in the amount of EUR 200 million (US$242 million equivalent). The Croatian Deputy Prime Minister and Minister of Finance, Zdravko Marić also signed a Guarantee Agreement with the Bank for the Loan. The HEAL Croatia Project will provide liquidity and financial restructuring to firms that have been hit by the COVID-19 pandemic and by the two devastating earthquakes of 2020 and will support an inclusive and resilient recovery.
The COVID-19 crisis has caused a sharp decline in the economic activity of Croatian businesses and has had a profound effect on jobs and livelihoods. The pandemic disrupted firms’ production and reduced the demand for their goods and services, while the financial sector tightened lending to companies, due to rising credit risk. The crisis also exacerbated Croatia’s regional disparities and reduced credit access for young firms and for firms owned and managed by women.
To mitigate such negative effects, the HEAL Project will increase access to finance to firms focused on export, both small and medium enterprises (firms employing fewer than 250 people) and mid-caps firms (employing from 250 to 3000 people), as well as for firms from less developed regions of Croatia, and firms owned or managed by women. It will also increase access for young enterprises (operating less than five years). The Project will support HBOR’s continued development through improved business processes, strengthened sustainability and climate change resilience, and use of EU funds.
“The loan being signed today represents a continuation of the significant support provided by the World Bank to the Republic of Croatia since the beginning of the crisis in 2020, which is reflected in operations worth a total of EUR 760 million (including HEAL). With this project, we are contributing to the further recovery of Croatia’s private sector, following the existing measures of the Government of the Republic of Croatia adopted in the context of the COVID-19 pandemic, post-earthquake reconstruction and creating foundations for future sustainability and resilience,” said Zdravko Marić, Deputy Prime Minister and Minister of Finance of the Republic of Croatia.
“Terms and conditions granted by the World Bank will provide us an additional source of finance for granting further favorable loans to our entrepreneurs. We are pleased that the World Bank has recognized the significance of financing entrepreneur groups whose importance has also been recognized in HBOR’s five-year strategy. Exporters and entrepreneurs in underdeveloped areas are among them. In addition to granting favorable financing terms, the World Bank will support us in improving our Environmental and Social Management System. This will be important as HBOR’s activities in the coming period will be particularly committed to building more capacity for supporting sustainable projects and inclusive growth,” stated Tamara Perko, President of the Management Board of HBOR.
“We look forward to a smooth and quick implementation of the HEAL Croatia project which will help preserve jobs and support household livelihoods through direct support to approximately 150 firms employing around 25,000 people. The Project will contribute to a resilient, inclusive and sustainable recovery of Croatia, which has been hard hit by the global pandemic, the economic recession, and the devastating earthquakes of March and December 2020,” said Elisabetta Capannelli, the World Bank Country Manager for Croatia.
The HEAL Croatia project complements two other World Bank crisis operations approved last year, the Croatia Crisis Response and Recovery Program and Earthquake Recovery and Public Health Preparedness Project – worth together US$ 500 million, to help mitigate the effects of the economic shock, advance recovery, facilitate earthquake reconstruction and strengthen national systems for public health preparedness for pandemic outbreaks. The Justice for Business Project focused on improving the business regulatory procedures and justice service standards for businesses and citizens was also approved in March 2020, bringing the World Bank support to the country to EUR 760 million under the ongoing Country Partnership Framework.
The World Bank has been a partner to Croatia for over 27 years. During this period, the Bank has supported more than 50 projects, worth almost US$5 billion, produced numerous studies, and provided technical assistance to help strengthen institutions and support the design of policies and strategies. The Bank’s current program focuses on mitigating the economic and social impact of COVID-19, post-earthquake reconstruction, transport, justice, innovation, business environment, land administration, science and technology, and economic development of the Pannonian region.
Indonesia: How to Boost the Economic Recovery
Indonesia’s economy is projected to rebound from the 2020 recession with 4.4 percent growth in 2021. The rebound is predicated...
Swiss authorities restrict and mistreat international and local media at Biden-Putin summit
The Biden-Putin meeting is over and one of the highlights that got a good run on Twitter was the Russian...
Inequality Has Likely Increased in PNG, with Bottom 40% Hit Hardest by Latest Outbreak
A joint World Bank and UNICEF report based on mobile phone surveys of Papua New Guinean families has found that...
Who would bell the China cat?
If the G-7 and NATO china-bashing statements are any guide, the world is in for another long interregnum of the...
Hot air messaging: Iran floats reports of imminent Shanghai Cooperation Organization membership
Eager to enhance its negotiating leverage with the United States and Europe, Iran is projecting imminent membership of the China-led...
A New Tribe Lands As An Icon Ascends
Roger Dubuis has consistently demonstrated a penchant for impertinence and extravagance. Sustained by an integrated manufacture, a flagrant disregard for...
COVID-19: New Dynamics to the World’s Politico-Economic Structure
How ironic it is that a virus invisible from a naked human eye can manage to topple down the world...
East Asia3 days ago
Looking back on India-China ties, one year past the Galwan incident
Americas2 days ago
Who benefits more from the Biden-Putin summit in Geneva?
Diplomacy2 days ago
Biden-Putting meeting: Live from Geneva
Finance2 days ago
Top 5 Examples of Best Nonprofit Grant Proposals
Finance3 days ago
Global value chains in the aftermath of the pandemic: What role for the G20?
Economy2 days ago
The free trade vision and its fallacies: The case of the African Continental Free Trade Area
Energy News3 days ago
It’s time to make clean energy investment in emerging economies a top global priority
Intelligence2 days ago
UN: Revealing Taliban’s Strategic Ties with Al Qaeda and Central Asian Jihadists