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ILO: Universal social protection already a reality in many developing countries

 At a high level conference on universal social protection ILO Director-General Guy Ryder has told delegates that: “In 2016, a lack of social protection is completely unacceptable. This has to change, and this can change."

 BEIJING (ILO News) – Top officials from developing countries gathered today in Beijing on the first day of the ILO-China-ASEAN South-South High-Level Conference on Universal Social Protection .

The event – which takes place right after the G20 summit – will highlight the global importance of universal social protection and showcase results from Southern countries.

“An old-age pension system which aims to cover all people… has been established in China, as well as universal health insurance coverage,” explained the Chinese Vice-Minister of Human Resources and Social Security Mr. Kong Changsheng.

“Thanks to this massive investment, China is regarded as an inspiring case to learn from by ASEAN and many other countries,” ILO Director-General Guy Ryder told participants.

China and other countries’ recent investments in universal social protection aim to reduce poverty and inequality, build political stability, improve human capital and productivity, and increase consumption and domestic demand, important in these times of weak recovery and slow growth.

The Conference also presented many other successful examples and demonstrated that universal social protection is already a reality in many developing countries.

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