Financial literacy: A mandatory requirement for running a successful small business
These should combine access to finance, consulting and business training with industry-specific networking, regulations, standards, innovation and linkage programmes. Expanding business links is also possible, whereby large, formal businesses can work with small, informal businesses as their outlets or distributors of essential goods to people’s doorsteps. Stimulus packages should improve working spaces and infrastructure of the informal economy, such as communal markets, in a way that promotes social distancing. To reduce the risk of extreme poverty and food insecurity, governments are announcing online payments, in-kind transfers and social grants.
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