Since the concept of the “informal sector” was coined half a century ago, countries all over the world have promoted the formalization of small- and medium-size enterprises. The perceived benefits of formalization include better access to credit, justice, large formal clients, and, for the government, higher tax revenues. But according to recent literature, most formalization…
The Partnership for Economic Inclusion (PEI) will be hosted by World Bank’s Jobs Group of the Social Protection and Jobs Global Practice
PEI will work with governments to help them implement and scale up graduation-style programs. It will also encourage and track results of the many innovations that are underway to serve segments such as vulnerable youth and refugees and forcibly displaced people.