The ILO at work 2014-2015: THE AMERICAS: LATIN AMERICA AND THE CARIBBEAN
Published by: ILO
A key challenge for Latin America and the Caribbean is formalization, considering that half of the region’s workforce – around 130 million people – find themselves in the informal economy, often earning less than the minimum wage and without access to social protection. Through its Regional Programme for the Promotion of Formalization in Latin America and the Caribbean (FORLAC), the ILO has developed several initiatives that have led to legislative and policy changes in Argentina, Brazil, Colombia, Mexico and Peru. Social actors across the region have also been active on this front. In 2015, for example, the Jamaica Employer’s Federation, with ILO support, adopted a gender-sensitive policy on the transition to formality – with guidance to support its members towards business formalization.
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Inclusive economic growth for poverty eradication
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