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HomeEconomyWithout action on jobs, low-income countries will fall behind - ILO

Without action on jobs, low-income countries will fall behind – ILO

BERLIN (Reuters) – The global employment gap between high-income and low-income countries is widening as rising debt levels hit developing countries disproportionately, the International Labor Organization (ILO) said on Wednesday. expand.

It urges countries to provide global financial support for job creation and social protection to help close the gap.

While global unemployment is expected to be below pre-pandemic levels,

million, 5.3% growth, with low-income countries lagging in recovery, ILO 10 According to the first World of Work Monitor report.

Unemployment in low-income countries in Africa and the Arab region is unlikely to return to pre-pandemic levels this year, with North Africa expected to hit .2% vs. 10.9 percent compared to 191, the report said.

Rising debt levels exacerbate challenges in developing countries and make policy intervention more difficult, says ILO, which is launching Global Social Justice The Alliance advances social justice as a national, regional and global policy.

“Investing in people through employment and social protection will help to close the gap between rich and poor countries and peoples”, says ILO Director-General Gilbert Hombaugh.



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