The IMF
06 Nov 2019
He held a joint workshop with the International Trade Union Confederation and the International Labor Organization on labor and social security strategies in response to the policy of the trade unionists' economists network.
The
event, which took place on November 6-7 in Tbilisi, was attended by trade union
economists from Russia, Ukraine, Kazakhstan, Azerbaijan, Uzbekistan,
Kyrgyzstan, Moldova and Armenia.
Specialists and experts of the CRA and the
WTO spoke about the positive and negative impacts of the financial resources
and advice provided by the International Monetary Fund and the World Bank on
the economies of several countries.
ICRC experts Leo Baunakha, Lara Mezling
and Anton Leppik noted that none of the countries that follow the IMF's
recommendations have been successful. The World Bank's initiative to privatize
pension funds in several countries has also failed. It was suggested to trade
unions that they should take appropriate steps to cooperate with financial
institutions. It should be taken into consideration that the World Bank will
cooperate with trade unions on access to clean energy sources.
Later, the issues of salary determination,
current situation in the region and other issues related to the payment of
labor were discussed. It was emphasized that the main focus in this issue
should be on establishing the minimum wage above the subsistence minimum.
The information presented on both issues
in Azerbaijan was met with great interest.
In
the end, problems were proposed and discussed for the next networking workshop.
