Publication Date:
Sun, 2012-05-13 04:37
The G20 ministers plan to explore a number of issues including possibilities of economic recovery and job creation in the light of the current economic crisis, which has led to an increase in unemployment worldwide.
According to estimates of the International Labor Organization (ILO), there is a shortage of 50 million jobs compared to the situation before 2008.
With his G20 counterparts Fakeih will discuss the Kingdom’s key initiatives to rectify imbalances in the Saudi labor market, including the Nitaqat and Hafiz programs.
Heads of the ILO and the Organization of Economic Cooperation and Development (OECD) will address the G20 meeting on the challenges facing the group, the creation of jobs and economic recovery.
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