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IMF: Crisis not over until jobs come backâ€Ž

14 September 2010 15:50 (UTC +04:00)

Baku - APA-Economics. The global economic slump isn’t over until job growth returns, the head of the International Monetary Fund warned Monday, BusinessWeek reported.

The IMF says the number of unemployed worldwide has increased by more than 30 million during the crisis to about 210 million people.

"There won’t be any end of the crisis before unemployment significantly decreases," IMF managing director Dominique Strauss-Kahn said. "So the idea that the crisis is already behind us is certainly the wrong idea."

He was speaking at a joint conference by the IMF and the International Labor Organization, which is the U.N.’s labor agency, on how to tackle the sharp rise in unemployment in the wake of the financial crisis.

Strauss-Kahn said it’s important that the two organizations work together "on policies promoting job creation."