financial inclusion

MSMEs in the Informal Sector: Formalization Ensure Sustainable Finance and Decent Jobs?

About 2 billion workers, or over 60 percent of the world’s adult labor force, operate in the informal  sector –at least part-time, according to the ILO. The COVID-19 pandemic hit informal workers  particularly hard, especially women. Micro Small Medium Enterprises (MSME), both formal and  informal, make up over 90% of all firms around the globe and offer employment to one-third of 1.2  billion people in the world who work in the informal sector. They generate services for other sectors  like small and large industries, retail, tourism, transportation, construction, etc., and contribute to over  30% of GDP and more than 70% of all jobs created in developing countries. MSMEs were heavily  impacted by the pandemic and continue to face existential challenges on various fronts including but  not limited to business formalization.

MSMEs, both formal and informal, make up over 90% of all firms around the globe1 and contribute to more than half of the GDP in most countries irrespective of income2. As many countries struggle to cope with the growing debt burdens and limited fiscal space to finance the SDGs, the important role of MSMEs as catalytic forces for achieving the SDGs cannot be stressed enough. Despite formalization gathering pace, MSMEs and those in the informal sector also continue to struggle to access formal finance. Without the appropriate regulatory reforms, social protection measures, access to formal finance, and capacity building in tools such as financial literacy and numeracy tools to help manage finances effectively, inclusive growth and a decent work environment for those in the sector will remain a challenge. As part of the Development Cooperation Strategy 2020-25, the ILO is forging partnerships that advance policy objectives and coherence within the framework of Integrated National Financing Frameworks (INFFs) that promote Financing Decent Work. In this panel, the speakers will share global and on-the-ground perspectives and explore steps countries are taking through regulatory reforms, access to finance, and capacity building to ensure sustainable finance and decent work for MSMEs in the informal sector.

Register here!

Speakers:  

  • H.E. Mr. Arrmanatha Christiawan Nasir, Ambassador, Permanent Mission of Indonesia to the  UN (TBC) 
  • Ms. Chantal Line Carpentier, Chief, UNCTAD New York Office of the Secretary-General
  • Ms. Adriana Marina, Founder of Hecho por Nosotros & animaná, Argentina
  • Mr. Amar G. Prabhu, Principal of Don Bosco Industrial Training Institute Kurla, Mumbai, India
  • Ms. Sandie Ejang Elobu, CEO, Western Silk Road, Ltd., Uganda 
  • Ms. Nana Efua Brown-Orleans, Program Lead, Duapa Workspace, Ghana 
  • Ms. Estella Kabagaya Eldradaa, Founder, Mama Children Village, Uganda

Organizers: NGO Committee on Financing for Development, Virginia  Gildersleeve International Fund (DBA Women First International Fund), Salesian Missions Inc, Africa  Development Interchange Network, Institute of the Blessed Virgin Mary, Sisters of Charity Federation

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CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Status of Women/NY, please visit ngocsw.org. For more information on the NGO Committee on the Status of Women/Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on the Status of Women/Vienna, please visit ngocswvienna.org.

MSMEs in the Informal Sector: Formalization Ensure Sustainable Finance and Decent Jobs?

About 2 billion workers, or over 60 percent of the world’s adult labor force, operate in the informal  sector –at least part-time, according to the ILO. The COVID-19 pandemic hit informal workers  particularly hard, especially women. Micro Small Medium Enterprises (MSME), both formal and  informal, make up over 90% of all firms around the globe and offer employment to one-third of 1.2  billion people in the world who work in the informal sector. They generate services for other sectors  like small and large industries, retail, tourism, transportation, construction, etc., and contribute to over  30% of GDP and more than 70% of all jobs created in developing countries. MSMEs were heavily  impacted by the pandemic and continue to face existential challenges on various fronts including but  not limited to business formalization.

MSMEs, both formal and informal, make up over 90% of all firms around the globe1 and contribute to more than half of the GDP in most countries irrespective of income2. As many countries struggle to cope with the growing debt burdens and limited fiscal space to finance the SDGs, the important role of MSMEs as catalytic forces for achieving the SDGs cannot be stressed enough. Despite formalization gathering pace, MSMEs and those in the informal sector also continue to struggle to access formal finance. Without the appropriate regulatory reforms, social protection measures, access to formal finance, and capacity building in tools such as financial literacy and numeracy tools to help manage finances effectively, inclusive growth and a decent work environment for those in the sector will remain a challenge. As part of the Development Cooperation Strategy 2020-25, the ILO is forging partnerships that advance policy objectives and coherence within the framework of Integrated National Financing Frameworks (INFFs) that promote Financing Decent Work. In this panel, the speakers will share global and on-the-ground perspectives and explore steps countries are taking through regulatory reforms, access to finance, and capacity building to ensure sustainable finance and decent work for MSMEs in the informal sector.

Register here!

Speakers:  

  • H.E. Mr. Arrmanatha Christiawan Nasir, Ambassador, Permanent Mission of Indonesia to the  UN (TBC) 
  • Ms. Chantal Line Carpentier, Chief, UNCTAD New York Office of the Secretary-General
  • Ms. Adriana Marina, Founder of Hecho por Nosotros & animaná, Argentina
  • Mr. Amar G. Prabhu, Principal of Don Bosco Industrial Training Institute Kurla, Mumbai, India
  • Ms. Sandie Ejang Elobu, CEO, Western Silk Road, Ltd., Uganda 
  • Ms. Nana Efua Brown-Orleans, Program Lead, Duapa Workspace, Ghana 
  • Ms. Estella Kabagaya Eldradaa, Founder, Mama Children Village, Uganda

Organizers: NGO Committee on Financing for Development, Virginia  Gildersleeve International Fund (DBA Women First International Fund), Salesian Missions Inc, Africa  Development Interchange Network, Institute of the Blessed Virgin Mary, Sisters of Charity Federation

__________________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Status of Women/NY, please visit ngocsw.org. For more information on the NGO Committee on the Status of Women/Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on the Status of Women/Vienna, please visit ngocswvienna.org.

Global Negotiations in a Fractured World

The NGO Committee on Financing for Development cordially invites you to join its annual virtual informal working breakfast

 

More information about the Development Cooperation Forum is available here: un.org/development/desa/financing/events/2023-development-cooperation-forum-dcf.

__________________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit un-ngocrip.net. For more information on the NGO Committee on Social Development, please visit . For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com.

Global Negotiations in a Fractured World

The NGO Committee on Financing for Development cordially invites you to join its annual virtual informal working breakfast

 

More information about the Development Cooperation Forum is available here: un.org/development/desa/financing/events/2023-development-cooperation-forum-dcf.

__________________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit un-ngocrip.net. For more information on the NGO Committee on Social Development, please visit . For more information on the NGO Committee on Disarmament, Peace, and Security, please visit ngocdps.wordpress.com.

[monthly meeting] NGO Committee on Financing for Development

Dear colleagues,

Happy New Year! The NGO Committee on Financing for Development would like to cordially invite you to its first regular monthly meeting of the year, to be held virtually on Tuesday, January 17, from 1:00pm – 3:00pm.

Please register in advance for this meeting here!

A zoom link will be emailed to you after registering. We hope to see you then.

___________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org

[monthly meeting] NGO Committee on Financing for Development

Dear colleagues,

Happy New Year! The NGO Committee on Financing for Development would like to cordially invite you to its first regular monthly meeting of the year, to be held virtually on Tuesday, January 17, from 1:00pm – 3:00pm.

Please register in advance for this meeting here!

A zoom link will be emailed to you after registering. We hope to see you then.

___________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org

CACCI Policy Advocacy webinar on ESG in South-East Asia and Green-Digital Transformation

CACCI invites you to participate in the CACCI Policy Advocacy webinar to be held on Wednesday, December 14at 3:00PM Taipei Time. The 50-minute session will be moderated by Mangesh Lal Shrestha, YEGAP President.

The two relevant policy issues to be discussed are:

(1) ESG in South-East Asia: Policy Considerations for Improving Performance Across Sustainability and Social Parameters in the EV and Textile Industries by Mr. Arjun Goswani, Director, Public Policy, Cyril Amarchand Mangaldas

(2) How to Adjust to the Green-Digital Transformation: A Primer for CACCI by Prof. Dr. Güven Sak, Economic Policy Research of Turkey (TEPAV)

The two Executive Summaries can be downloaded HERE for your perusal. The two presentations will be followed by Q&A section. The session will conclude with Mr. Mangesh Lal Shrestha’s Closing Remarks. Your participation is free of charge. Moreover, we encourage you to share this invitation with your colleagues.

Please register HERE.

Thank you, and we look forward to seeing you at the webinar.

Sincerely yours,

David Hsu

Director-General, Confederation of Asia-Pacific Chambers of Commerce and Industry

_____________________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the chair at susanneseperson@gmail.com. 

CACCI Policy Advocacy webinar on ESG in South-East Asia and Green-Digital Transformation

CACCI invites you to participate in the CACCI Policy Advocacy webinar to be held on Wednesday, December 14at 3:00PM Taipei Time. The 50-minute session will be moderated by Mangesh Lal Shrestha, YEGAP President.

The two relevant policy issues to be discussed are:

(1) ESG in South-East Asia: Policy Considerations for Improving Performance Across Sustainability and Social Parameters in the EV and Textile Industries by Mr. Arjun Goswani, Director, Public Policy, Cyril Amarchand Mangaldas

(2) How to Adjust to the Green-Digital Transformation: A Primer for CACCI by Prof. Dr. Güven Sak, Economic Policy Research of Turkey (TEPAV)

The two Executive Summaries can be downloaded HERE for your perusal. The two presentations will be followed by Q&A section. The session will conclude with Mr. Mangesh Lal Shrestha’s Closing Remarks. Your participation is free of charge. Moreover, we encourage you to share this invitation with your colleagues.

Please register HERE.

Thank you, and we look forward to seeing you at the webinar.

Sincerely yours,

David Hsu

Director-General, Confederation of Asia-Pacific Chambers of Commerce and Industry

_____________________________________________________________________________________________________

CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Intergenerational Solidarity, please email the chair at susanneseperson@gmail.com. 

Open Forum on CSW67

Join the NGO Committee on the Status of Women/NY on Wednesday, November 16, at 9am to learn more about CSW67, coming up in March 2023!

We’ll address the following during the Open Forum:

  • CSW67 priority and review themes;
  • Overview of the UN CSW process;
  • Ways to participate in the NGO CSW67 Forum and the different events that will be happening;
  • How to promote your work or organization at the Forum.

We’ll also have a Q&A session at the end to answer all of your questions on the CSW67, NGO CSW67 Forum, Parallel Events, Exhibit Booths and Handbook Ads, and our new and improved virtual portal.

Register here: https://us02web.zoom.us/meeting/register/tZAkdeqhrDsvEtI166TGPYHdst_AleNqjz8N

Interpretation will be available in English, Spanish, and French.

____________________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on the Status of Women/NY is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on the Status of Women/Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on the Status of Women/Vienna, please visit ngocswvienna.org. For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@yahoo.com. 

Open Forum on CSW67

Join the NGO Committee on the Status of Women/NY on Wednesday, November 16, at 9am to learn more about CSW67, coming up in March 2023!

We’ll address the following during the Open Forum:

  • CSW67 priority and review themes;
  • Overview of the UN CSW process;
  • Ways to participate in the NGO CSW67 Forum and the different events that will be happening;
  • How to promote your work or organization at the Forum.

We’ll also have a Q&A session at the end to answer all of your questions on the CSW67, NGO CSW67 Forum, Parallel Events, Exhibit Booths and Handbook Ads, and our new and improved virtual portal.

Register here: https://us02web.zoom.us/meeting/register/tZAkdeqhrDsvEtI166TGPYHdst_AleNqjz8N

Interpretation will be available in English, Spanish, and French.

____________________________________________________________________________________________________________

CoNGO Notes: The NGO Committee on the Status of Women/NY is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations. Likewise, for more information on the NGO Committee on the Status of Women/Geneva, please visit ngocsw-geneva.ch. For more information on the NGO Committee on the Status of Women/Vienna, please visit ngocswvienna.org. For more information on the NGO Committee on Human Rights, please email the co-chairs at bknotts@uua.org or bobbinassar@yahoo.com. 

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