Decent Work in the Financing for Development

Vinicius Pinheiro, Deputy Director ILO New York12 May 2015ITUC – FES Advocacy SeminarCornell Worker Institute

Rationale for prioritizing DW in the FfD•Post 2015: Inclusive growth and DW are

intrinsically linked•DW -> Finance (Domestic Resource

Mobilization)•Finance (Public and private investment)

and Trade -> DW•Social spending/inequality/social

protection/SPFs

Addis Accord – Structure (2nd Draft)

• I. Global framework ▫Mobilizing support for the Post 2015

• II. Action Agenda▫A. Domestic public resources▫B. Domestic and international private business and

finance▫C. International public finance▫D. International trade as an engine for development▫E. Debt and Sustainability▫F. Addressing Systemic Issues▫G. Science, Technology, Innovation and Capacity

Building• III. Data, Monitoring and Follow up

I. Global framework

•What’s in there?▫Commitment to ensure DW for All (P1)▫Recognition that inequalities are increasing

(P4)▫Delivering Social Protection/SPFs and

SMEs as core deliverables (PPs 11 and 14)•What’s missing?

▫Acknowledgement of the role of social partners (P9)

▫Reference to ILO R202 and SPF Global Fund (P11)

A. Domestic public resources

•What’s in there?▫Gender empowerment, ILO Global Jobs

Pact and Youth Employment Strategy (P18)▫Formalization (P19)▫SP/SPFs (P28)

•What’s missing?▫Connect DW to Inclusive Growth (P16)▫Explicit recognition linkages between DW

and FfD (P16 bis)▫Reference to ILO R202 (P11)

B. Domestic and international private business and finance• What’s in there?

▫Productive employment and local development (P32); Entrepreneurship (p33)

▫CSR and labour rights (p35-36)▫Remittances (p39)▫Gender empowerment, discrimination, DW (p40)▫FDI, value chains, CSRs (p44)▫Skills (p46)

• What’s missing?▫MNE Declaration (p35-36, 44)▫Commitment to youth employment partnership

(p41bis)▫SMEs and transition to formal economy (p42)

Others

•What’s in there?▫Trade: Recognition that appropriate

policies can support employment and DW (P70)

▫Systemic issues: Positive effects of labour migration (P99)

▫Science/Innovation: driver of employment creation (p103), skills (p105), need for TVET (107)

Priorities for action

•Macroeconomic policies for DW and a primary source of domestic resources mobilization

•Social Partners/Social Dialogue•ILO R202, SPF Fund•ILO MNE Declaration•Commitment to Youth Employment

Partnership