Global Wage Report 2024-25 was released by which of the following organisation?

Question

Global Wage Report 2024-25 was released by which of the following organisation?

1. International Labour Organisation

2. World Bank

3. International Bank for Reconstruction and Development

Select the correct answer from the code given below:

1. A. 1 and 2
2. B. Only 3
3. C. 2 and 3
4. D. Only 1 (Correct answer)

Correct Answer

Option D — Only 1

Detailed Solution & Explanation

The correct answer is Only 1.

Key Points

• The Global Wage Report 2024-25 is released by the International Labour Organisation (ILO), giving option (d).
• The World Bank and the International Bank for Reconstruction and Development (IBRD) do not publish it. In fact the IBRD *is* the original institution of the World Bank Group, so options 2 and 3 largely overlap.

Additional Information

• The ILO was founded in 1919 under the Treaty of Versailles and became the first specialised agency of the UN in 1946. Its headquarters are at Geneva, and it won the Nobel Peace Prize in 1969.
• The ILO is unique in the UN system for its tripartite structure — governments, employers and workers all have a vote. India is a founder member.
• Other ILO publications: the World Employment and Social Outlook (WESO) and the World Social Protection Report.
• Keep the flagship reports straight:
  • UNDP — Human Development Report
  • IMF — World Economic Outlook, Global Financial Stability Report, Fiscal Monitor
  • World Bank — World Development Report, Ease of Doing Business (discontinued), Global Economic Prospects
  • WEF — Global Competitiveness Report, Global Gender Gap Report, Global Risks Report