[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111699-en":3,"doc-seo-111699-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},111699,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Statement by Gilbert F. Houngbo - 112th Meeting of the Development Committee - October 16, 2025","The statement highlights how geopolitical tensions and trade disruptions are reshaping labour markets and making strengthening decent work institutions critical for sustainable, inclusive development. It reviews weakening employment prospects, persistent informality, falling labour income shares, and slowed sectoral transitions. It calls for minimum wage reforms, expanded collective bargaining, closing social protection financing gaps, and policy coordination through a renewed social contract, including social dialogue and reskilling.","Public Disclosure Authorized Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee  \nof the  \nBoards of Governors ofthe Bank and the Fund  \non the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND TWELFTH MEETING WASHINGTON, DC – OCTOBER 16, 2025  \nDC/S/2025-0039 October 16, 2025  \nStatement by  \nGilbert F. Houngbo Director-General  \nInternational Labour Organization  \nStatement by  \nGilbert F. Houngbo  \nDirector-General  \nInternational Labour Organization  \n112th Meeting of the Development Committee  \nOctober 16, 2025  \nWashington, DC  \nExecutive Summary  \n● Amid global uncertainty from geopolitical tensions and trade disruptions, strengthening decent work institutions has become essential for sustainable and inclusive development. While meaningful progress has been achieved—inequality between countries has fallen since the turn of the century, driven by rising worker productivity in middle-income countries, and for the first time in history, over half the world's population has social protection coverage—persistent structural challenges threaten to undermine these gains and widen disparities within countries.  \n● The global employment outlook has weakened significantly. Employment growth is projected at only 1.5 percent in 2025, corresponding to 53 million new jobs, down from the previous forecast of 60 million. Approximately 84 million workers across 71 countries—mostly in Asia and the Pacific—face elevated risk due to trade uncertainty. Pervasive structural challenges include informal employment expanding faster than formal employment, with more than 2 billion workers—58 percent of the global workforce—remaining in informal employment in 2024. In Africa, approximately 85 percent of workers are employed informally.  \n● Even as global output per worker grew by 17.9 percent from 2014 to 2024, the labour income share declined from 53.0 to 52.4 percent—part of a persistent downward trend documented since the 1980s. Had the labour income share remained at its 2014 level, global labour income would have been $1 trillion higher in 2024, which translates into $290 additional earning for each worker in the world (is this accurate? Might help to convey why this is so significant) . This underscores the urgent need for institutions that ensure workers capture productivity gains.  \n● Structural transformation in traditional sectors has slowed globally, with manufacturing stagnating and workers' transition out of agriculture dwindling in most developing regions. Sectoral policies can help remove supply-side constraints by targeting investments in underserved areas and supporting employment-intensive sectors with higher domestic value-added. In contrast, generative AI represents an emerging structural shift: nearly one in four workers could see their role significantly transformed, with women disproportionately affected. Managing these transitions requires social dialogue between employers and workers, alongside comprehensive reskilling programmes and social protection.  \n● Addressing inequality demands strengthened institutions for decent work. Minimum wage systems should eliminate legal exclusions that affect an estimated 266 million workers and should be regularly adjusted. Collective bargaining should expand beyond the current one-third of workers covered, with sectoral-level bargaining achieving coverage rates of 69.4 percent. Social protection systems require the financing gaps to be closed by 2.3 percent of GDP for lower-middle-income countries and 19.8 percent for low-income countries. To achieve this, international financial cooperation is necessary.  \n● Coordinated policy action within a renewed social contract is essential. Deepened collaboration with IFIs and regional development banks can support the systematic integration of decent work principles into operations and ensure macroeconomic frameworks adequately account for employment and social protection. Economic growth an","cbCairV940968hVF","https://ap.wps.com/l/cbCairV940968hVF","pdf",255032,1,6,"English","en",105,"# Executive Summary\n## Social and Economic Outlook\n## Employment, Inequality, and Social Protection Priorities\n## Policy Coordination Under a Renewed Social Contract","[{\"question\":\"What are the main concerns raised about the global employment outlook?\",\"answer\":\"Employment growth is projected to slow sharply, with only 53 million new jobs expected in 2025 compared with 60 million in the previous forecast. High trade uncertainty also puts many workers at elevated risk of disruption.\"},{\"question\":\"Why is informality emphasized as a structural challenge?\",\"answer\":\"Informal employment is expanding faster than formal employment, leaving more than 2 billion workers in informal jobs globally in 2024. The statement notes the particularly high level of informality in Africa.\"},{\"question\":\"What institutional and policy actions does the statement propose to strengthen decent work?\",\"answer\":\"It recommends stronger minimum wage systems, broader collective bargaining, and closing social protection financing gaps. It also calls for social dialogue, comprehensive reskilling, and coordinated policy support through collaboration with IFIs and regional development banks.\"}]",1784491324,15,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"statement-by-gilbert-f-houngbo-112th-meeting-of-the-development-committee-october-16-2025","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/statement-by-gilbert-f-houngbo-112th-meeting-of-the-development-committee-october-16-2025/111699/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What are the main concerns raised about the global employment outlook?","Question",{"text":75,"@type":76},"Employment growth is projected to slow sharply, with only 53 million new jobs expected in 2025 compared with 60 million in the previous forecast. High trade uncertainty also puts many workers at elevated risk of disruption.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Why is informality emphasized as a structural challenge?",{"text":80,"@type":76},"Informal employment is expanding faster than formal employment, leaving more than 2 billion workers in informal jobs globally in 2024. The statement notes the particularly high level of informality in Africa.",{"name":82,"@type":73,"acceptedAnswer":83},"What institutional and policy actions does the statement propose to strengthen decent work?",{"text":84,"@type":76},"It recommends stronger minimum wage systems, broader collective bargaining, and closing social protection financing gaps. It also calls for social dialogue, comprehensive reskilling, and coordinated policy support through collaboration with IFIs and regional development banks.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":45,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]