Summary of UN-ESCWA's “LEBANON’S FORMAL PRIVATE SECTOR: the BITTER reality of 2020”
The United Nations – Economic and Social Commission for Western Asia (UN-ESCWA) recently published a policy brief entitled “LEBANON’S FORMAL PRIVATE SECTOR: the BITTER reality of 2020” (2021) in which it tackles the challenges faced by the formal private sector firms and recommends policy actions to mitigate them.
The United Nations – Economic and Social Commission for Western Asia (UN-ESCWA) recently published a policy brief entitled “LEBANON’S FORMAL PRIVATE SECTOR: the BITTER reality of 2020” (2021) in which it tackles the challenges faced by the formal private sector firms and recommends policy actions to mitigate them.
Although measures related to the private informal sector are not stated, the latter is tackled indirectly. For instance, better conditions in addition to tax incentives and increased access to financing in the formal private sector would encourage the firms operating informally to be part of the formal private sector.