The ILO has produced a new publication called Employment Working Paper No. 37 "Rethinking Monetary and Fiscal Policy: Practical suggestions for monitoring financial stability while generating employment and poverty reduction".
The landscape of development is changing for all countries as a result of the impact of the global financial crisis, and in this context policy discussions in developing countries are increasingly focusing on optimizing policy responses.
Policy responses are included within, and also influence the shape of national Development Frameworks. In this regard, ILO has intensified its engagement in National Development Frameworks, including Poverty Reduction Strategies since 2001. Originally this was in response to limited participation of the ILO tripartite partners in the formulation process of these frameworks, and the limited emphasis laid on employment and decent work in the goals, strategies and budget allocations in many countries. More recently it has been also in relation to the crisis and the capacity for response. In fact, many countries are re-thinking their approaches in light of the impact of the financial crisis, and are seeking to clarify the range of policy options which can intensify employment outcomes as well as reduce poverty.
The paper can be accessed here.
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Posted by: Lindsy1989 | July 22, 2011 at 09:31 AM