Improved policy coherence and international coordination are vital to Pact’s implementation
The ILO is collaborating fully with the United Nations and all relevant international organizations. In the Global Jobs Pact, the ILO’s tripartite membership encourages the Organization to promote effective and coherent social and economic recovery policies and shape a fair globalization. It calls for international cooperation on building a stronger, more globally consistent supervisory and regulatory framework for the financial sector so that it serves the real economy and promotes sustainable enterprises and decent work.
Some of the Pact recommendations:
- Collaborating with the United Nations and all relevant international organizations;
- Enhancing support to the ILO’s role within the UN Chief Executives Board (CEB) and its newly established Joint Crisis Initiatives;
- Building a more globally consistent supervisory and regulatory framework for the financial sector, so that serves the real economy;
- Promoting efficient and well-regulated trade and markets that benefit all;
- Shifting to a real-carbon, environment-friendly economy that helps accelerate the jobs recovery, reduce social gaps and support development goals;
- Encouraging the international community, donor countries and multilateral agencies to make available resources for countercyclical action in countries facing fiscal and policy constraints, including existing crisis responses, for the implementation of these recommendations and policy options;
And it calls for the ILO to play a facilitating role to ensure effective and coherent implementation of social and economic policies provided by the Pact.