Japan Supports MSME Recovery in the Philippines

Minister Nakata Masahiro from the Japanese Embassy attended the signing ceremony of the Memorandum of Understanding between the International Labor Organization (ILO) and the Ministry of Trade and Industry (DTI). Backed by Japan, the said MoU is part of the $2.2 million project with the ILO titled “Bringing Back Jobs Safely under the Covid-19 Crisis in the Philippines: Rebooting Small and Informal Businesses Safely and Digitally.” , which launched in July 2021.

The project aims to help micro, small and medium-sized enterprises (MSMEs) recover from the impacts of the Covid-19 crisis. Components of this support measure include capacity building in occupational safety, health and productivity measures, digital entrepreneurship and financial education for MSMEs and informal businesses. This initiative will assist the Philippine government in its efforts to integrate MSMEs through digitalization.

Minister Nakata stresses that the project is a crucial contributor to achieving a strong and sustainable economic recovery for the Philippines from the global Covid-19 crisis. Since MSMEs constitute the majority of businesses in the Philippines, the success of their operations will contribute significantly to the restoration of the local labor market.

Members of the ILO Philippines, Ministry of Commerce and Industry and other involved government agencies joined the signing ceremony. Khalid Hassan, Director of the ILO in the Philippines, Blesila Lantayona, Undersecretary of the Regional Operations Group of the DTI, and Danilo Cruz, Director General of the Technical Education and Skills Development Authority (TESDA), were all present as signatories. Similarly, Assistant Secretary Mary Jean Pacheco of DTI Digital Philippines and E-Commerce Manager and Executive Director Nelly Nita Dillera of the Philippine Trade Training Center were also among the signatories.

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