ILO / WORLD EMPLOYMENT SOCIAL OUTLOOK

A new report from the International Labour Organization said it would cost around ten trillion US dollars to eradicate both extreme and moderate poverty in the next 15 years, as per recently adopted Agenda 2030 for sustainable development. ILO

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:25
• Production Date: 18 May 2016
• Asset Language: English; French
• Personal Subject: GUY RYDER
• Corporate Name: INTERNATIONAL LABOUR ORGANIZATION - ILO
• Subject Topical: EMPLOYMENT
• MAMS Id: 1626199
• Parent Id: 1626199
• Alternate Title: unifeed160518c

Description

STORY: ILO / WORLD EMPLOYMENT SOCIAL OUTLOOK
TRT: 01:25
SOURCE: ILO
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS

DATELINE: 18 MAY 2016, GENEVA, SWITZERLAND

Shotlist

1. Wide shot, press room
2. Close up, reporter leafing through the report
3. SOUNDBITE (English) Guy Ryder, Director-General, ILO:
“Our report estimates that to eradicate both extreme and moderate poverty in the next 15 years – that is the period for the 2030 Agenda obviously – around ten trillion US dollars – the equivalent of a bit more than six hundred billion per year would be required, should efforts rely on social transfers alone. This is the income gap. And this shows the importance of boosting decent jobs so that people’s employment can enable them to escape poverty.”
4. Wide shot, press room
5. SOUNDBITE (French) Raymond Torres, ILO Special Advisor on Social and Economic Issues:
“Progress in reducing poverty is slowing down in emerging and developing countries, and poverty is going up in developed countries. It is important to bear in mind that the rich bear some responsibility for this situation. First of all because they can contribute through paying taxes to the reduction of poverty, and secondly because they are active in sectors where growth is concentrated, growth is narrow-based, and by expanding the base for growth they can contribute to linking growth to decent jobs which is the driver of poverty reduction.”
6. Med shot, report cover

Storyline

A new report from the International Labour Organization said it would cost around ten trillion US dollars to eradicate both extreme and moderate poverty in the next 15 years, as per recently adopted Agenda 2030 for sustainable development.

The World Employment and Social Outlook looks at poverty reduction and how it has been influenced by income inequality and the availability of quality jobs in developing and developed countries.

Presenting the report in Geneva today, Guy Ryder, Director-General of ILO said “our report estimates that to eradicate both extreme and moderate poverty in the next 15 years – that is the period for the 2030 Agenda obviously – around ten trillion US dollars – the equivalent of a bit more than six hundred billion per year would be required, should efforts rely on social transfers alone.”

Raymond Torres, ILO special advisor on social and economic issues said “rich bear some responsibility” for increasing levels of poverty in developed countries as well as for the slowdown of poverty reduction in developing countries.

Torres proposed that the rich “contribute through paying taxes to the reduction of poverty, and secondly because they are active in sectors where growth is concentrated, growth is narrow-based, and by expanding the base for growth they can contribute to linking growth to decent jobs which is the driver of poverty reduction.”

The report provides an estimate of the cost to eradicate extreme and moderate poverty globally. It also offers policy recommendations to address the structural challenges needed to provide both quality jobs and poverty reduction.