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Low-income countries left behind w/o action on jobs - ILO
By Nidz Godino
"Investing in people through jobs and social protection will help narrow gap between rich and poor nations and people," International Labour Organization (ILO) Director-General Gilbert Houngbo said global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing countries disproportionately.
ILO urged nations to offer global financial support on job creation and social protection to help narrow gap.
While global unemployment is expected to fall below pre-pandemic levels to 191 million this year, rate of 5.3%, low-income countries lag in recovery process, said ILO's 11th edition of Monitor on World Of Work.
Low-income countries in Africa and Arab region are unlikely to recover to pre-pandemic levels of unemployment this year, with jobless rate in North Africa expected to be 11.2% compared to 10.9% in 2019, said report.
Rising debt levels compound challenges facing developing states, making policy intervention more difficult, said ILO, which is launching Global Coalition for Social Justice to push social justice as national, regional and global policy.
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