Countdown to the Inaugural Informal Economy Global Summit 2024: Embracing Recommendation 204

The stage is set, and the countdown has begun for the much-anticipated Inaugural Informal Economy Global Summit 2024, scheduled to take place from the 10th to the 14th of June. With just days remaining until this landmark event, stakeholders from around the world are gearing up for a transformative gathering that promises to shape the future of the informal economy.

At the heart of the summit lies Recommendation 204, a pivotal document adopted by the International Labour Organization (ILO) in 2015. This landmark recommendation recognizes the significant contribution of the informal economy to global employment and economic growth while emphasizing the importance of extending social protection to workers in this sector. As we approach the summit, stakeholders are working tirelessly to ensure that Recommendation 204 serves as the guiding framework for discussions and action plans aimed at advancing the interests of informal workers worldwide.

Preparations for the summit have been underway for months, with organizers collaborating closely with governments, international organizations, civil society groups, and representatives from the informal sector. The agenda is comprehensive, covering a wide range of topics relevant to the informal economy, including:

  1. Policy Frameworks and Regulation: Participants will explore innovative policy approaches and regulatory frameworks designed to support and formalize informal enterprises while protecting the rights of workers.
  2. Access to Finance and Resources: Discussions will focus on strategies to improve access to finance, training, and other resources essential for the growth and sustainability of informal businesses.
  3. Social Protection and Rights: The summit will address the urgent need to extend social protection mechanisms to informal workers, ensuring they have access to healthcare, education, and other essential services.
  4. Technology and Innovation: Participants will examine the role of technology and innovation in empowering informal entrepreneurs, enhancing productivity, and expanding market opportunities.
  5. Gender Equality and Inclusion: Special attention will be given to the challenges faced by women in the informal economy, with a focus on promoting gender equality and inclusion.

The summit represents a unique opportunity for stakeholders to exchange knowledge, share best practices, and forge partnerships aimed at driving positive change in the informal economy. From policymakers and academics to grassroots organizers and informal workers themselves, everyone has a role to play in realizing the vision of Recommendation 204 and building a more inclusive and sustainable future.

As the final countdown to the Inaugural Informal Economy Global Summit 2024 begins, excitement is building, and expectations are high. With participants from every corner of the globe converging to address the most pressing issues facing the informal economy, the stage is set for a truly historic event. Together, we can harness the momentum generated by Recommendation 204 to create a brighter, more equitable future for informal workers everywhere.