IMF / UNEMPLOYMENT

At an IMF/ILO conference, IMF Managing Director Dominique Strauss Kahn says that addressing the root causes of unemployment is critical for global stability. IMF

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:51
• Production Date: 13 September 2010
• Asset Language: Original
• Corporate Name: INTERNATIONAL MONETARY FUND - IMF
• Subject Topical: ECONOMIC DEVELOPMENT; FINANCING; DEVELOPMENT
• MAMS Id: U100913h

Description

STORY: IMF / UNEMPLOYMENT
TRT: 1.51
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 13 SEPTEMBER 2010, OSLO, NORWAY

Shotlist

1. Wide shot, exterior conference venue,
2. Wide shot, delegates and leaders walking in
3. SOUNDBITE (English) Dominique Strauss-Kahn, Managing Director, IMF:
“And what about the human costs? This is the real tragedy. Unemployment leads to a loss of earnings that is both substantial and long lasting, especially among younger people. The crisis hit them especially hard. We must not underestimate the daunting prospect we face: a lost generation, disconnected from the labor market, with a progressive loss of skills and motivation.”
4. Wide shot, press conference
5. SOUNDBITE (English) Dominique Strauss-Kahn, Managing Director, IMF:
“We must acknowledge that the crisis will not be over until unemployment decreases. We must not expect that growth alone will automatically create the jobs we need--and set job creation as priority using all the available policy tools. We need to make the financial system an effective support of the real economy. We need to take advantage of the cooperation between the IMF and ILO to boost international cooperation.”
6. Wide shot, journalists
7. SOUNDBITE (English) Dominique Strauss-Kahn, Managing Director, IMF:
“The rules of the game have changed. The global economy after the crisis is not the same as before the crisis. So, in a nutshell, we need to think differently.”
8. Close up, journalists
9. SOUNDBITE (English) Dominique Strauss-Kahn, Managing Director, IMF:
“Without adequate social safety nets, we are not just talking about loss of jobs or incomes, we are talking about life and death. And with little hope of a better future, people can turn to unproductive or even violent activities, possibly leading to instability, a breakdown of democracy, or even war. So, there is more at stake than macroeconomic stability-the stability of our world is at stake.”
10. Wide shot, press conference

Storyline

The global recession has created a “wasteland of unemployment” that is likely to leave scars on society for years to come, unless action is taken to address the jobs crisis, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn warned.

The heads of the IMF and the International Labour Organization (ILO), along with other leaders, called for a broad international commitment to a jobs-focused policy response to the global economic downturn.

At a historic conference in Oslo, hosted by Prime Minister Jens Stoltenberg of Norway and co-sponsored by the IMF and ILO, leaders from government, labor, business, and academia met to tackle the sharp increase in unemployment and underemployment since the global financial crisis.

“The rules of the game have changed,” Strauss-Kahn said in his opening remarks. “The global economy after the crisis is not the same as before the crisis. So, in a nutshell, we need to think differently. Why? Because the future of millions of people is at stake. Because the future of our world, prosperity and peace, is at stake.”

Strauss-Kahn said he hoped the conference would identify a new way to think about what the planet can do, together, to build a better world. “If successful, maybe in four or five years time, we will be able to say "I was in Oslo" where it all began.”