Adjusting technical assistance to meet the difficulty
As COVID-19 moves from a health crisis to a recession, we are trying to anticipate how little services worldwide will weather this storm and where we require to focus our efforts.
LCGC works with micro, small and medium-sized enterprises (MSMEs), mostly in the establishing world. The common small company we deal with utilizes in between 10 and 20 individuals, is close to or is currently export-ready, and wants to grow internationally. These MSMEs represent 60% -70% of tasks in developing countries and around half of financial activity ¹. Furthermore, they tend to use young people and ladies.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Small organisations are currently or will quickly deal with a liquidity crisis, which might wipe out whole segments of the economy. In the next couple of months, they will deal with a series of difficulties that will depend, to a big degree, on how policymakers react to the crisis today.
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