Focus on jobs
"Job creation is essential"
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One of Argentina’s top priorities at the height of the crisis was to create jobs. This, Mr Boudou said, provides a social and economic boost.
Austerity vs recovery
"Austerity worsens recovery"
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Efforts to cure Europe’s economic woes through austerity measures are drawing increasing opposition, as highlighted by the recent elections in Greece and France. Mr Boudou echoed criticism of the belt-tightening policies.
Emphasis on education
| "Boost investment in education" |
A key to Argentina’s post-crisis growth was the successful renegotiation of the debt, on which it defaulted, based on its ability to repay in the medium- and long-term. This enabled the South American country not only to repay a large number of its creditors, but also to achieve growth, which had a strong impact on the education sector. Until 2003, Argentina spent 5 % of its GDP on debt payments while investing only 2 % in its education system.
The key role of Social protection
"Improve Social protection"
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Following the massive economic crisis of 2001, Argentina managed in a relatively short period of time to strengthen and integrate its social security system. An important component was ensuring the incorporation of long-term unemployed workers.
Mr Boudou spoke with ILO News during a visit to Geneva, where he held talks with Senior Officials of the ILO and the International Social Security Association (ISSA).
