Latin America and Caribbean

Panamá - Inclusión Económica del Sector Informal (PASI)


Client: Inter-American Development Bank and the Panamanian National Center for Competitiveness


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PASI identified bottlenecks that Micro, Small, and Medium-sized Enterprises (MSMEs) face in becoming formal enterprises and worked with stakeholders on policy reforms to make formality more affordable. Activities included mapping the informal sector through a survey of more than 1000 MSMEs, identifying legal and procedural constraints that translate into higher costs of doing business, identifying legal limitations on access to finance, and piloting the incorporation of informal MSMEs into value chains.

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