History Of Commemoration Of International MSME Day 27 June And How To Commemorate It

Illustration of MSMEs (Photo: Antara)

YOGYAKARTA Today, June 27 is a moment to commemorate International MSME Day aka Micro-Small and Medium-sized Enterprises (MSMEs) Day. This commemoration aims to support the development of micro, small and medium enterprises or so-called MSMEs. So, what is the history of the commemoration of International MSME Day? Check out the full information below.

International MSME Day (MSMEs) was first commemorated by the United Nations (UN) since 2017.

The history of International MSMEs began when the United Nations adopted a resolution acknowledging the important role of Micro, Small and Medium Enterprises (MSMEs) in achieving the 2030 Agenda for Sustainable Development.

The resolution was proposed by Argentina with the support of the Council for Small Business (ICSB) and sponsored by 54 member states, representing 5 billion people.

According to the United Nations, the MSME sector accounts for 90 percent of businesses, 60 to 70 percent of jobs, and 50 percent of GDP (Gross Domestic Product) worldwide.

Not only that, MSMEs also contribute to the local and national economies and contribute to maintaining livelihoods, especially among poor workers, women, youth, and groups in vulnerable situations.

MSMEs have the potential to change the economy, encourage job creation, and encourage fair economic growth if they receive adequate support.

On this basis, on April 6, 2017, the United Nations issued a resolution number A/RES/71/279 whose contents set June 27 as International MSME Day.

This warning is expected to increase awareness of the extraordinary contribution of MSMEs to the achievement of the United Nations Sustainable Development Goal (SDGs).

In addition, the commemoration of International MSME Day aims to highlight their important role and explore opportunities for their advancement further.

The United Nations urges its members to remove obstacles faced by MSME actors, increase access to finance, markets, and technology during the disruption period.

Through International MSME Day, the United Nations encourages the creation of a strong supply chain. This is so that workers and the environment can benefit.

How To Commemorate International MSME Day

As mentioned above, June 27 is a moment to commemorate International MSME Day. This event is to support the development of MSMEs globally.

Well, for those of you who want to participate in enlivening the commemoration of the International MSME Day, here are some activities that can be done:

International MSME Day can be used as a moment to appreciate the struggles and innovations carried out by MSME entrepreneurs. In addition, this event is also a forum for sharing the best knowledge, experience, and practice in supporting the growth of MSMEs.

This is information about the history of International MSME Day. Hopefully this article can add insight to the loyal readers of VOI.ID.