World Bank’s Childcare Incentive Fund

Expanding access to quality, affordable childcare is among the most important investments that countries can make to build human capital, accelerate equality, and place women at the center of economic growth. Childcare has the potential to yield multi-generational impacts by improving women’s economic empowerment, child outcomes, family welfare, business productivity and overall economic growth. For women, access to childcare can enable mothers to participate in the labor market, increase hours, productivity and earnings and improve the quality of work. For children, quality childcare can provide the critical inputs needed during the early years to build the foundational skills that will help them succeed in school and throughout life.

In the context of the COVID-19 pandemic, childcare is essential to support an inclusive recovery to enable parents to return to work, ensure the most vulnerable children have access to quality care, and as a source of job creation itself.