On April 29, 2009, the Poverty Reduction Monitoring Network (PREM) held its annual PREM Learning Event to address the employment aftermath during the current economic crisis. The event gathered specialists from the World Bank, the International Monetary Fund, Harvard University and various policy institutes. It was prefaced by World Bank Sector Director Mayra Buvinic of the Gender and Development Group.
Chaired by Andrew Morrison, Lead Economist for the Gender and Development Group at the World Bank, the last session focused on the response to the crisis from various perspectives. The first presentation was given by Jay Rosengard, Harvard University lecturer. Rosengard presented the three perspectives of addressing the crisis, which includes the role of the government, microfinance enterprises and microfinance institutions. He focused on the impact on family businesses in contrast to wage workers in Indonesia.
Next, Judy Baker, World Bank Lead Economist in the Finance, Economics and Urban Department presented the day to day needs of those affected by the crisis. First, she noted that cities are the most impacted by the crisis; big job losses, reductions in remittances and reverse migration (from urban to rural sectors) are issues that have risen since the crisis began.
Agnes Quisumbing, Senior Research Fellow of IFPRI finished the presentations. Quisumbing spoke of women’s employment trends across countries and sectors, arguing that blanket policy solutions are difficult to establish. She mentioned that women’s participation in the labor forces is a major mechanism in times of crisis, accounting for a wide range of participation in the workforce. The session concluded with a question and answer session between the panelists and attendees.