The transition from the informal to the formal economy, 103rd and 104th Session of the International Labour Conference
The informal economy is significantly impacting the world of work, with as much as 40–80 per cent of the labour force in developing countries working within it. Increasingly, transition to formality has emerged as a priority policy agenda in developed and developing countries, and new policy initiatives and approaches are taken in different regions that facilitate this transition through multiple pathways.
The International Labour Conference (ILC) has had a standard-setting discussion on facilitating transitions from the informal to the formal economy at its 103rd Session (June 2014) and its 104th session (June 2015). This standard-setting item builds on the conclusions concerning decent work and the informal economy, adopted by the Conference in 2002, the outcome of the ILO Tripartite Interregional Symposium on the Informal Economy (2007) and the 2012 Conference conclusions concerning the recurrent discussion on fundamental principles and rights at work , which called for the convening of a meeting of experts on advancing fundamental principles and rights at work in the informal economy.