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Global Crisis Has Cost 30 Million Jobs: IMF Chief
Source: worldbank.org
Source Date: Tuesday, November 02, 2010
Focus: Knowledge Management in Government, Institution and HR Management
Created: Nov 08, 2010

“The global crisis has cost 30 million jobs around the world, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn said Monday…. ‘The world has lost 30 million jobs because of the global crisis, and the expectations for the years to come are 400 million,’ Strauss-Kahn warned the International Forum on Human Development in Morocco…. ‘In the framework of the new globalization, the first priority is employment, the second priority is employment and the third priority is employment,’ he insisted….” [Agence France Presse/Factiva]

Reuters reports that “…Strauss-Kahn said the financial sector also remained a preoccupation. ‘The G20 heads of state who met in London, Pittsburgh, Toronto and shortly in South Korea, said strongly and loudly for the population of the world to hear them, they will fix it (the financial sector),’ Strauss-Kahn said…. ‘But more and more has to be done in the area of international supervision. You can have the best regulation in the world but if its implementation is not supervised, it will not be of any use,’ he said….” [Reuters/Factiva]

The NYT adds that “…the G20 has given the IMF the job of monitoring the big economies’ compliance with the ‘framework for strong, sustainable and balanced growth’ that the G20 endorsed in Pittsburgh in September 2009. The IMF seems ready to take on that role, but Strauss-Kahn cited the US on Monday in his speech arguing that inequality had contributed to global economic instability….” [The New York Times]

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