Business View Caribbean - January 2025

Source: https://thecaribbeannewsnow.com/, News Editor, First Published Jan 20th, 2025 The International Labour Organization (ILO) and the Caribbean Community (CARICOM) Secretariat have initiated a comprehensive labour market analysis to assist in formulating a regional migration policy.The study’s objective is to assess the intricate interplay of economic, employment, and migration patterns in the region. The results are anticipated to provide Member States with guidance on optimising labour mobility, protecting workers’ rights, and increasing job creation. This counters the backdrop of purportedly unprecedented low growth rates and increased vulnerabilities in the region. ILO AND CARICOM TO STUDY REGIONAL MIGRATION POLICY OPENING LINES The project is scheduled to proceed from January to April 2025. It will implement a comprehensive methodology that includes accumulating primary and secondary data, consultations, and analysis of various sectors. Leo Preville, Director of the CARICOM Single Market, observed,“the success of the CARICOM Single Market and Economy is contingent upon the development of policies that facilitate the seamless movement of population.” Consequently, it is imperative to adopt an evidence-based approach to policy development. This analysis of the labour market will offer a comprehensive evaluation of the demand and supply of labour in the Community and an understanding of the migration trends in the 11 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 01

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