Press Release - Transition to a "green" and inclusive economy can contribute towards sustainable growth and poverty reduction
07.07.2012, 09:45 (CET)
The belief that the transition to a "green" and inclusive economy, which comprises increasing resource consumption efficiency and promotes sustainable consumption and production patterns, can contribute towards sustainable growth and poverty reduction for countries at all stages of development, was expressed by the Director General of the Ministry of Labour and Social Insurance, Mr George Papageorgiou.

Speaking on behalf of the EU and the 27 member states at the Economic and Social Council (ECOSOC) Meeting on Friday, 6 July 2012, in New York, which had as its aim addressing the issues of productive capacity, employment and decent work in the eradication of poverty, Mr Papageorgiou voiced the belief that nationally defined strategies developed in cooperation with social partners which combine effective labour market policies, modern social security systems, vocational training and education, are essential in order to ensure workers’ employability.

“We are of the view that reforms aimed at improving the functioning of labour markets remain pressing priorities. Investment in education and vocational training, the enhancement of labour market flexibility, support opportunities for young people to gain access to productive employment, youth employment programmes, and young-adult partnerships and public-private partnerships, are essential components for bringing people back to work and increasing productivity”, he emphasised.


"Two-pronged approach"

Furthermore, he highlighted the need to focus on policies that promote smart, sustainable and inclusive development; policies which in a more comprehensive and balanced manner, take into account the environmental and social dimension of growth.

“We are taking a two-pronged approach in the EU, with measures to ensure financial stability and fiscal consolidation, as well as action to foster growth, competitiveness, and employment and to tackle the social consequences of the crisis”, he said.

Welcoming the efforts made by the African Union in education and training, Mr Papageorgiou noted that the EU supports bilateral and regional cooperation with the Least Developed Countries, in full respect of the principle of ownership and leadership. He, further, noted that “abroad, the European Union remains committed to the implementation of the Istanbul Programme of Action for the decade 2011-2020, notably as regards productive capacities, one of the key priority areas for actions”.

Referring  to the work achieved by the International Labour Organisation (ILO) in the area of employment, Mr Papageorgiou said that the recent International Labour Conference adopted important conclusions and a resolution on youth employment, as well asa Recommendation on Social Protection Floors that should guide the work in these areas. “We remain committed to the principles and values of the ILO Decent Work Agenda and Global Jobs Pact, which are now more relevant than ever», he concluded.

Croatia, the Former Yugoslav Republic of Macedonia, Montenegro, Iceland and Serbia, the countries of the Stabilisation and Association Process and potential candidates Albania and Bosnia and Herzegovina, as well as Ukraine and the Republic of Moldova, aligned themselves with this statement.


Communications Officer
Maria Lantidou

Ministry of Labour & Social Insurance

Email: mlantidou@pio.moi.gov.cy
Telefon: +357 22401676