ILO facilitates discussion on Financing the Elimination of Child Labour

News | 18 May 2022
During the Panel on Financing the Elimination of Child Labour at the 5th Global Conference on the Elimination of Child Labour in Durban on 18 May 2022, participants will discuss the importance of integrating decent work into the policies guiding the banking, microfinance, investment and insurance sectors. There is a pressing need for public and private finance to partner and provide sustainable financing solutions to tackle the pandemic as well as ensure that financing contributes to achieving the SDGs, such as combatting child labour.

Thanks to the participation of the governments of South Africa, and Ghana alongside the European Union, the World Bank, the Grameen Foundation and Social Partners, the panel will examine a diverse set of good practices in financing decent work and combatting child labour. The US Department of Labor (USDOL), the Brazilian Agency for Cooperation, the Netherlands Ministry of Social Affairs will also share their experiences. The panel is moderated by the Partnerships and Field Support Department of the ILO.

In addition to sharing what works, participants will discuss the practicalities of what action is needed to mobilize sustainable financing, improve coordination and strengthen partnerships, including South-South partnerships, between governments, social partners, development partners, international financial institutions and the private sector.

The full concept note of the panel can be found here and more information on financing decent work with a Global South perspective is available here.