Innovative Solutions for Formalization in Latin America and the Caribbean (FORMALIZATION)

The project "Innovative Solutions for Formalization in Latin America and the Caribbean" (FORMALIZATION), financed by the European Union and implemented by the International Labour Organization (ILO), aims to promote the design and implementation of comprehensive strategies based on innovative and effective solutions to facilitate the transition from the informal to the formal economy in Latin America and the Caribbean countries.

In the current context of the pandemic and technological advancements in Latin America and the Caribbean (LAC), there is an opportunity to utilize innovative and effective solutions for formalization. This can contribute to the development and implementation of new innovative formalization strategies, adopting an integrated approach by the ILO.

Furthermore, this context presents an opportunity to strengthen cooperation and knowledge exchange between the countries of the European Union (EU) and those in the LAC region.

In this regard, the project aims to achieve the following three results by the year 2024: