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Responding to urgent humanitarian and development needs
- Source: International Trade Forum, Volume 2020, Issue 2, Jun 2020, p. 18 - 19
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- 10 May 2021
Abstract
Until recently, the contribution of refugees to local economies was overlooked and underestimated.1 Small formal and informal businesses contribute to creating jobs and business opportunities, enabling households to access basic needs and services, which in turn, stimulates additional economic opportunities and reduces poverty. Although both poor displaced and host populations face multiple barriers when entering and engaging in markets, the challenges faced by the displaced tend to be more systemic, significantly hindering their ability to contribute to the local economy and achieve self-reliance.
© 2020 United Nations