Enterprise Formalization

Programme: Transition from informal to formal economy: Awareness raising on R204 towards designing an integrated policy framework in the Philippines

The efforts to facilitate formalization of the informal economy has been accelerating across the globe bolstered with the historic adoption of Recommendation 204 Concerning the Transition from the Informal to the Formal Economy Recommendation (R204) which was adopted by the International Labour Conference at its 104th Session in 2015. With the launch of the SDGs, the interests are growing to support more than 60 per cent of the world’s workforce operating in the informal economy through transition to formality. The notion that economic growth, while a necessary condition, is insufficient to reduce informality, is widespread in the debates of post-global financial crisis, and most recently in the context of the fourth industrial revolution including in the Future of Work dialogue hosted by the ILO.

Meeting document | Manila, Philippines | 11 July 2018
Contact(s): Mr Hideki Kagohashi, Enterprise Development Specialist