Business » Finance
Author`s name Lisa Karpova

IMF: world crisis of capitalism has destroyed 30 million jobs

42203.jpegThe director general of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said on Monday (1st) that the crisis has destroyed 30 million jobs worldwide. "The world lost 30 million jobs because of the global crisis, and estimates for next year point to 400 million jobs," said Strauss-Kahn, at the International Forum on Human Development in Morocco.

According to the same official, quoted by international agencies, "under the new globalization, the first priority is employment, the second priority is jobs and the third priority is employment."

More than 1,500 international experts participating in the event heard Strauss-Kahn argue that it is necessary to strengthen international monitoring mechanisms against the crisis to prevent a worldwide economic collapse.

"Much has been done in terms of regulation, but not at the level of international supervision. And even the best regulations in the world are worthless without supervision," declared the general director of the IMF.

"The G20 leaders said loud and clear that they would reorganize the financial sector, but unfortunately the reality is more complex than that."

Strauss-Kahn also said that "the system is not as fragile as before the crisis, yet there is no guarantee that in five or ten years it cannot return to derail everything."

Agencies

 

Translated from the Portuguese version by:

Lisa Karpova

Pravda.Ru