Policy measures supporting informal Micro, Small and Medium Enterprises (MSMEs) in developing countries during
the Covid-19 Pandemic

Monday, October 12, 2020

Policy measures supporting informal Micro, Small and Medium Enterprises (MSMEs) in developing countries during
the Covid-19 Pandemic

Monday, October 12, 2020

Policy  can support informal MSMEs during the COVID-19 Pandemic

Micro, small and medium enterprises (MSMEs) are important economic engines globally. Representing over 50% of all enterprises around the world, they contribute to more than 70% employment and 50% of GDP growth in developing countries. With the employment, income and livelihood opportunities they provide, MSMEs possess strong potential to act as a catalyst towards the progress towards the Sustainable Development Goals (SDGs) in multiple areas, including poverty eradication, zero hunger, decent job creation and the stimulation of entrepreneurship and innovations among vulnerable groups, including women and youth.  In the Political Declaration of the 2019 SDG Summit, MSMEs were endorsed by heads of states as important forces for achieving sustainable development (Read more…).