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Home Economy

Post-Covid recovery strategies must address labor market difficulties

April 10, 2021 - 05:59
in Economy
Post-Covid recovery strategies must address labor market difficulties
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The measures taken in the various countries to emerge from the economic crisis engendered by the Covid-19 must be centered on the human being and remedy the difficulties that the world of work had previously faced, as well as the consequences of the pandemic, indicated Guy Ryder, Director General of the International Labor Organization (ILO).

“Ryder was speaking to the Development Committee and the International Monetary and Financial Committee (IMFC) which met for the 2021 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF)”, says an ILO press release.

Noting the sharp increase in poverty and inequality since the start of the pandemic, he cautioned delegates that without a concerted and extensive policy effort, there was “A very real risk of seeing the Covid-19 crisis leave behind growing inequalities and social injustice”.

The Director-General of the ILO has indicated, in this sense, that coherent multilateral action is essential to ensure that economic and social recovery is as human-centered as the consequences of the pandemic, stressing that the ILO Centenary Declaration for the Future of Work, unanimously adopted in 2019 by the Organization’s member states, offered an internationally validated roadmap for moving towards more inclusive and resilient societies.

“The acceleration of the implementation of this roadmap should constitute a central priority in terms of public policies and international cooperation”, he said.

In his written statement to the Development Committee, Ryder argued that the response to Covid-19 must prioritize creating decent work offers. In this regard, he cited the four components necessary to move towards a human-centered economic recovery that could also strengthen resilience capacities in the face of future shocks.

“This requires in particular the strengthening of occupational safety and health processes, where there are significant consequences at the human level in terms of faulty procedures in terms of safety and health, the economic cost of which is estimated. at 4% of annual global GDP ”, he said.

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