International Labor Organization approved global employment pact

PanARMENIAN.Net - International Labor Organization (ILO) has finished its four-day summit in Geneva, UN Press Service reports.



Document calls for creating a stronger and more flexible global system controlling financial sector and promoting world economic growth. Its functions will also extend to supporting entrepreneurial initiatives and acceptable employment terms and maintaining citizens' pensions. Authors of the pact want markets and trade to be free from protectionism and provide accessibility to all. Document also calls for developing alternative energy sources and promoting new job openings.



Authors of the Global Pact find that Governments should make investments in public infrastructure, elaborate special employment programs, strengthen social protection system and adopt laws on minimal salary. Such measure are especially important for developing countries as they may help combat poverty and increase consumer demand. Pact authors also call on member states and humanitarian organizations to allocate resources for implementing the recommendations proposed.



Employers, trade unions and governments have adopted real and practical solutions towards overcoming crisis, Daniel Funes Riocha, ILO Crisis Management Committee's chair said. "Real work begins now," he stated. "ILO, trade unions, employers and especially governments are now required to fit the proposals to real frameworks to open new workplaces for promoting economic growth and increasing the population's income," he said.

ILO 3-day summit was attended by 4 thousand delegates from 183 world countries.