From Lomé, ILO works to fasten formalization of informal economic operators

Economic governance
Thursday, 10 October 2019 12:58
From Lomé, ILO works to fasten formalization of informal economic operators

(Togo First) - Last Monday, the International Labor Organization (ILO) organized in Lomé a regional forum on the formalization of informal economic operators. The event themed Formalizing the informal economy and ensuring social protection gathered public policies, social partners, and ILO experts to discuss ways to improve the lives of more than two billion people working in the informal sector worldwide.

On this occasion, good practices to foster the transition of the informal sector to the formal were disclosed. Moreover, it was revealed during the meeting that one of the best ways to improve the lives of informal actors (micro-entrepreneurs and others) was to provide them with better social protection.

Present at the forum, Mazamaesso Assih, State Secretary in charge of the Delegation for the Informal Sector's Organization (DOSI) mentioned efforts made by Togo in this area, noting among others the improvement of procedures required to start a business, as well as better access to public procurements. Other relevant achievements cited include the adoption of the new tax code and the creation of the National Fund for Inclusive Finance.

At the moment, revealed the State Secretary, there are ongoing talks for the implementation of a social protection regime for those operating in the informal sector which represents 80%-90% of the national economy.

Séna Akoda

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