Media alert: ILO Conference panel on the future of jobs recovery

Leaders from the real economy – government, labour, employers and civil society – are to discuss the impact of the current economic and jobs crises on employment policy and the Millennium Development Goals (MDGs) during a high-level event at the annual conference of the International Labour Organization.  Two panels have been convened especially for the International Labour Conference on 14 June, from 14:30 to 19:00 in the Assembly Hall at the UN Palais des Nations in Geneva. The discussion can be viewed live on the ILO website.

The discussions come amid growing concern that the sovereign debt crisis and deficit reduction measures, mainly in social spending, could affect jobs and salaries at a time of weak economic recovery and continued high levels of unemployment. ILO Director-General Juan Somavia has called for a “balanced policy convergence strategy” based on securing a job-rich recovery, moving onto a path of strong, sustainable and balanced growth, and addressing the structural imbalances of the global economy that existed before the crisis.

The first high-level panel will discuss ways of forging a job-rich recovery and fostering more sustainable and balanced growth; how employment can become a macroeconomic objective of the same order as low inflation and deficits; how to expand productive investment and private demand to hold down debt ratios; how to ensure that employment strategies are also sound fiscal strategies; and making exit strategies from stimulus measures as “employment friendly” as possible.

A second high-level panel will consider the contribution of productive employment and social protection to realizing faster progress to achieve internationally agreed development goals such as the MDGs; what can be done to give more people the opportunity to access productive jobs and work their way out of poverty; and the key dimensions of social protection as a development and poverty reduction tool.

The discussions will consider the outcomes of the recent G20 meeting of Labour Ministers in Washington in the run up to the Toronto G20 leaders summit later this month, as well as the upcoming summit in September to examine progress in achieving the MDGs by 2015.

(ILO News)

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