Monday, October 17, 2022

ILO Director-General calls for social protection and minimum wages to respond to cost-of-living crisis

In statements to the World Bank and International Monetary Fund Annual Meetings, ILO calls for a crisis response that reduces inequalities and promotes sustainability, through universal social protection, adequate wage increases, greater support for vulnerable economies and respect for labour rights. Preventing scarring and protecting the most vulnerable by increasing minimum wages and guaranteeing social protection benefits should be among the priority responses to the current economic and social crisis, the International Labour Organization’s (ILO) Director-General, Gilbert F. Houngbo, told delegates at the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). Read More