High unemployment remains a pressing challenge, the Executive board of IMF said late Thursday. The lender noted that unemployment, at 26%, remains unacceptably high, with the majority of the unemployed without a job for at least a year.
Directors also highlighted that additional measures toward flexible wage setting at the firm and sector level would make the labor market more inclusive.
Directors stressed that labor market reform should be accompanied by product and service market liberalization to maximize the gains to growth and jobs.
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