SPOTLIGHT - WHY CREATING JOBS IN THE - INFORMAL ECONOMY MATTERS

and improving the quality and impact of investment for job creation for those in the informal economy with a sustained Why job creation in the informal economy matters? long-term focus. [...] of jobs in the provinces and districts will create incentives and provide the option for people to remain at home and PNG Government’s ambitious target to create 1 engage in employment and entrepreneurial activities to million jobs by 2027 sustain their livelihoods. [...] Women’s • Build on the existing MSME credit schemes and creativity and entrepreneurship is key to their economic continue to work with micro finance institutions to advancement and the Government’s aim to grow the provide opportunity for informal rural businesses to small and medium enterprises (SME) sector (Voigt-Graf access finance. [...] young generation to contribute to nation building, but at the same time, it will become a major source of internal • Support research and development of appropriate safety and security challenge to manage a growing technology and equipment to improve productivity population of young people who are not educated, of informal and small businesses such as downstream unemployed and disengaged with grow. [...] The recent events of black Wednesday (10 • Youth and gender are cross cutting, therefore, the January 2024) with widespread looting and burning Government must ensure that young people and women down of business houses in Port Moresby and several are adequately represented and benefit from all job towns provides a small glimpse of the magnitude of creation initiatives.