The Director-General of the International Labour Organisation, Gilbert Houngbo, has called on G20 labour and employment ministers and other world leaders to address skill gaps.
“To tackle this situation and to promote social justice, more global resources must be mobilised. Initiatives such as the UN Global Accelerator on Jobs and Social Protection for Just Transitions play a pivotal role in generating the necessary technical and financial support. Such endeavours need to be part of a broader reform of the international financial architecture to make more resources available for achieving the Sustainable Development Goals,” the ILO DG averred.
Houngbo remarked the NEET rate was back to or below its pre-pandemic level and that 12 G20 members were on track to achieve the target. He advised that to make further progress, and to tackle gender inequality, in particular, action must focus on promoting more and better employment for the youth by investing in economic sectors with high youth employment potential and improving the quality of employment to provide incentives for labour market participation.
The Director of the ILO Research Department, Richard Samans, said, “Regions, where skills gaps are pervasive, are also more likely to experience high unemployment. “In a turbulent time, ‘investment in people’ restores the trust in institutions and helps build a new social contract. Therefore, massive investment in skills is needed more than ever, as we face the need to achieve socially just green and digital transitions.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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