SUPPORTING THE REAL
ECONOMY, JOBS AND MICRO,
SMALL AND MEDIUM-SIZED ENTERPRISES
Micro, small and medium-sized enterprises (MSMEs) are
the backbone of the world economy. Their workers account for more than 80 per cent of employment in many countries.
MSMEs and their workers have been hit hard by the Covid-19 crisis and will suffer its consequences in the years to come.
Governments must establish urgent economic stimulus plans and safeguard measures to support MSMEs and their workers’ income. This support must be directed toward the labour intensive sectors such as manufacturing, retail and agriculture and has to be tied to the protection of jobs and wages.