“When you formalise an economy, you empower its people.” – Monica Geingos, First Lady & former investment executive, Namibia
Formalisation is a powerful catalyst for economic empowerment, extending beyond paperwork to unlock opportunities for entrepreneurs and citizens alike. It grants legal identity, access to capital and protections, which allow businesses to grow, innovate and contribute to broader prosperity.
Formal economies capture valuable data, informing policy design and service delivery, while promoting predictability, sustainability and accelerated capital formation.
As institutional and household savings are mobilised, they become dynamic drivers of economic growth, lifting people out of poverty and improving living standards.
In all this, participation is key.
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