ILO role in economic and financial crises: Lessons from the 2002 Argentine crisis and its aftermath

Employment Sector - Employment Report No. 4

The present report reviews the recovery plans and actions set in place by the Organization in response to the Argentinean financial crisis of 2001-2002. Among the lessons drawn from this experience, the following are the most relevant: apply a tripartite approach since the beginning and reach consensus through social dialogue; create foundations for the implementation of the Decent Work Agenda; work closely with constituents and other stakeholders; prefer the immediate deployment of massive response instead of pilot projects; immediately conceive exit strategies for emergency measures; improve information flows; tackle the weaknesses of social security systems.