West African experts met in in Lomé, Togo this week to review the draft study report on the theme: “The informal sector in West Africa: Meeting the challenge of formalization for a better contribution to sustainable development and its financing”. The meeting is organized from 4 to 5 May 2023 by the United Nations Economic Commission for Africa (ECA), through its Sub-Regional Office for West Africa. Hence the urgency for her to find appropriate responses to strengthen the contributory capacities of this sector to national budgets. “The modernization and formalization of the informal sector will also help to strengthen the resilience and protection of its actors, who are highly vulnerable to various shocks and crises,” added Amadou Diouf. The meeting was attended by national experts in public finance and statistics (production of national accounts in general and economic statistics of the informal sector), experts from ECOWAS, UEMOA and other sub-regional organizations working on the subject, as well as from United Nations agencies, the media and resource persons.

Source: News Business Ethiopia May 09, 2023 14:28 UTC