Odi Live Events Podcast

Supporting job protection during and after the pandemic

Informações:

Sinopsis

In 2018, the ILO estimated that approximately 42% of the global workforce, 1.4 billion people, were in vulnerable employment, for developing countries this proportion was 76%. The 2020 Covid-19 crisis will significantly reduce the number of people in jobs and proportionally increase the number in vulnerable employment. As market demand comes to a sudden halt, developing country firms that are linked into, and supply global value chains face major challenges. Looking forward, lead firms are also likely to shorten their supply chains, potentially cutting high productivity and high-income jobs in manufacturing in poorer countries. This presents an opportunity for Development Finance Institutions (DFIs) to strengthen firms in their target markets, through strategic, practical and financial means. In the short-term, finance and specialist guidance could be provided to more productive firms at risk of closure to ensure that higher productivity jobs are maintained, as these will act as the engine driving economic r