Multilateral development institutions

In his statement “From crisis response to recovery, jobs and sustainable growth” delivered before International Monetary and Finance Committee and Development Committee of the International Monetary Fund (IMF) in October 2009 in Istanbul, ILO Director-General Juan Somavia reiterated the “close collaboration with the IMF and the World Bank to follow up on the commitment to work together as we manage the transition to a more balanced pattern of global growth.”

IMF’s Managing Director, Dominique Strauss-Kahn repeatedly called for an employment-led recovery, warning against risks of anti-crisis measures being withdrawn too soon.