ILO and EIB join forces for more and better quality employment

This article is brought to you through the meticulous study of International Labour Organization as a source.

The International Labour Organization and the European Investment Bank signed a Memorandum of Understanding to reinforce and expand cooperation between the two organizations in the field of employment and social affairs.

Luxembourg (ILO News) – The Director-General of the International Labour Organization (ILO), Guy Ryder and the Vice-President of the European Investment Bank (EIB), Roman Escolano have signed a Memorandum of Understanding (MoU) to reinforce and expand cooperation between the two organizations in the field of employment and social affairs.

Under the initiative, global experience gained by the ILO will be shared with the world’s largest international public bank, while sector specific challenges experienced by the EIB will be used for research by the United Nations (UN) specialized agency.

The new agreement reflects the shared focus of the ILO and EIB on supporting economic growth and job creation, fostering skills and improving competitiveness. The two organizations will intensify the exchange of information and shared experience on a range of issues, including how to increase effective engagement to address youth unemployment. Increased technical cooperation under the initiative will allow the EIB to improve assessment of employment benefits and economic impact of lending activity.

“All lending by the European Investment Bank seeks to create high-quality jobs and make a sustainable contribution to the local and wider economy,” said Mr. Escolano. “I am confident that this new cooperation with the ILO will allow us to better evaluate the impact on job creation from all the projects we finance, to better assess how schemes support youth employment and to ensure that we are more effective in supporting sustainable growth in the years to come, ” he added.

“This agreement represents a significant step forward in strengthening cooperation and formalizing relations between the two organizations and will form the basis for a strategic partnership with the mutual objective of creating more and better quality employment,” said Mr.Ryder.

Improved technical understanding of economic competitiveness and effective support for job creation will strengthen lending activity by the EIB in North Africa and the Eastern Partnership countries, including under the recently launched € 315 billion Investment Plan for Europe.

The future cooperation will also build on current EIB-ILO research examining the employment impact of EIB-backed projects in the Mediterranean, to include other regions in Central and Eastern Europe, and Central Asia.

Background information

The European Investment Bank (EIB)  is the long-term lending institution of the European Union (EU) owned by its member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

The International Labour Organization (ILO ) is the UN agency devoted to advancing opportunities for women and men to obtain decent and productive work in conditions of freedom, equity, security and human dignity. Its main aims are to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue in handling work-related issues.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Is Erdogan ready to tear down the bridges with Europe and the West?

EU migration crisis again accentuates lack of unity and solidarity among member states

Shanghai has tough new recycling rules – and it will stop collecting trash from communities that don’t comply

3 reasons why most Africans aren’t on the internet – and how to connect them

‘Crippling to our credibility’ that number of women peacekeepers is so low: UN chief

Romania: MEPs are deeply concerned about judicial independence and rule of law

European Junior Enterprises to address the significant skills mismatch in the EU between school and employment

Is there a way out of the next financial crisis? Can more printed money or austerity save us all?

EU responds to terror fallout by eroding borderless Europe and molesting the refugees

‘Counter and reject’ leaders who seek to ‘exploit differences’ between us, urges Guterres at historic mosque in Cairo

UN Human Rights chief urges Venezuela to halt grave rights violations

New UN-Syrian Action Plan signals an ‘important day’ for child protection, says UN envoy

Top officials say UN will support Bahamas’ rescue, relief efforts as Hurricane Dorian churns in Atlantic

FROM THE FIELD: Hardy seeds bear fruit to protect Colombia’s environment

EU Youth Conference concludes in Luxembourg with concrete plans on how to create real youth participation

Brain drain 2017: why do medical students need to emigrate to become doctors in 2017?

Sudan: New political transition, bolstered by peacebuilding, could bring long-term stability to Darfur, Security Council told

Mali: ‘Dire’ humanitarian situation, ‘grave’ security concerns challenge fragile peace

Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war

MWC 2016 LIVE: GTI shifts to phase two – 5G – after hitting milestones

EU to manage external borders against the will of member states; Greece to be the first target

Forty-two countries adopt new OECD Principles on Artificial Intelligence

Parliaments broadly agree on next steps for economic, monetary union

UN Human Rights Council stands firm on LGBTI violence, Syria detainees and Philippines ‘war on drugs’

What data dominance really means, and how countries can compete

UN and partners appeal for $920 million to meet ‘dire needs’ of Rohingya refugees

Here’s the secret to financing a greener future

EU-Ukraine Summit: moving forward together in solidarity

The EU Commission lets money market funds continue the unholy game of banks

70 years after the Universal Declaration of Human Rights, this is why we need dignity more than ever

‘Staunch support’ for Iran nuclear deal tempered by concern over missile testing

‘Extinction crisis’ pushes countries to agree stronger protection for global wildlife

More children killed by unsafe water, than bullets, says UNICEF chief

We finally have a life-saving vaccine for Ebola

Greece at the mercy of ECB while sailing through uncharted waters

Human Rights Council election: 5 things you need to know about it

“ASEM: Global Partners for Global Challenges”, a Sting Exclusive by China’s Ambassador to the EU

From DIY editing to matchmaking by DNA: how human genomics is changing society

The refugee crisis seen through the eyes of a young doctor from Turkey

Tobacco in Pakistan: is it worth to burn your money?

5G: How a ‘legion of robots’ could help save the rhino

Silk Road Unlimited

Why responsible consumption is everyone’s business

EU Summit consumed by the banks

How transparency can help the global economy to grow

Manipulating privacy and reaping the benefits of technology

De-escalation of fighting in Hodeida is key to ‘long-overdue’ restart of Yemen peace talks: UN envoy

‘Ghost fishing’ is threatening our oceans. Here’s how we can tackle it

UN court increases sentence of former Bosnian-Serb leader to life imprisonment

Joint EU-U.S. statement following the EU-U.S. Justice and Home Affairs Ministerial Meeting

Does the Erasmus program really contribute to the construction of a solid EU identity?

This Japanese TV show about work-life balance is a big hit – here’s why

The global liberal order is in trouble – can it be salvaged, or will it be replaced?

South African women’s fury at gender-based attacks spills onto the streets

The Peoples are missing from EU’s monetary union

Heat stress spike predicted to cost global economy $2,400 billion a year

LGBTQI+ and medicine

UN calls for shipping ‘propulsion revolution’ to avoid ‘environmental disaster’

EU leaders agree to delay Brexit until 31 October

Lies and reality about incomes and wealth in the EU

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s