The Labor Markets and Social Protection Network is constituted by the Vice-ministers or public officials of equivalent status in charge of labor market and/or social security policy in Latin America and the Caribbean. The network’s purpose is to promote dialogue and the exchange of experiences and lessons learned between countries of the region, in order to identify solutions to common challenges in terms of labor and social security policies.

A double challenge of low social security coverage and poorly performing labor markets exists in the region. Both need to be analyzed together: social security coverage is limited by low formality levels and high job turnover, while a poorly designed social security system may generate distortions that prevent the labor market from operating efficiently, leading to low formality levels.

The network’s representatives will meet periodically to identify opportunities for technical cooperation and to promote strategies that will improve labor market efficiency and extent social security coverage in the region.