The resolution on "Recovering from the world financial and economic crisis: a Global Jobs Pact", was adopted by the United Nations Economic and Social Council in July 2011. Presented by Argentina, on behalf of the G77 and China, the resolution reiterates the Pact as a framework for policy packages and requires consideration of financing and capacity building. In supporting this endeavour, the Council requested Secretary-General Ban Ki-moon and the ILO to prepare a report which will “assess and review job intensive investment and strategies ... with a view to supporting job creation and promoting sustained, inclusive and equitable economic growth”, to be submitted to the ECOSOC substantive session in 2012.
The government of Brazil, main negotiator for the resolution, stressed that the tripartite nature of the Pact, provided a conducive environment for the promotion of policies and programmes aimed at employment creation. As the crisis is not yet over, both Brazil and Argentina (on behalf of G77) welcomed the adoption of the resolution reaffirming the critical importance of Pact policies in recovery.
Referring to the social protection floors in achieving decent work and eradicating poverty, Poland (on behalf of the European Union) commended ILO’s crisis response through the adoption of the Global Jobs Pact which calls for greater policy coherence in the application of economic, social and environmental policies, nationally, regionally and globally.
Furthermore, the resolution requested the UN High-Level Committee on Programmes to promote system-wide policy coherence in the area of decent work and sustained, inclusive and equitable growth.
The resolution has a distinctive value because it explicitly refers to the 2012 ECOSOC Annual Ministerial Review, whose theme will be “Promoting productive capacity, employment and decent work to eradicate poverty in the context of inclusive, sustainable and equitable economic growth at all levels for achieving the Millennium Development Goals”.