ILO GB Discusses Global Crisis, Minimum Wage in Geneva

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Lagos — The Governing Body of the International Labour Office (ILO) which opened in Geneva last week has on its agenda, urgent new policies and measures to mitigate the severe impact of the global financial and economic crisis on the world of work and to stimulate a sustainable economic recovery.

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It will also discuss minimum wage developments worldwide and the implementation of the Employment Agenda in Brazil. The ILO office in Geneva also stated that On "23 March 2009, a High-level Tripartite Meeting on the Current Global Financial and Economic Crisis will discuss effective responses to the crisis based on a report covering 40 countries worldwide. Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, will address the meeting, among others".

Professor Joseph Stiglitz, who was awarded the ILO's Decent Work Prize in 2008, will address the Governing Body during a special sitting today .

Nigeria is represented by Government, Employers and Workers.

Against the backdrop of the financial and economic crisis, the Committee on Social and Employment Policy will examine the ILO response to the crisis.

The meeting, scheduled for 5-27 March, will examine programme and budget proposals for the 2010-11 biennium. The ILO Director-General, Juan Somavia has said the budget is designed to support efforts of governments, employers' and workers' organizations worldwide to reach the Organization's objectives in the midst of a profound and global economic crisis.