Adjusting technical assistance to satisfy the challenge
As COVID-19 moves from a health crisis to a financial crisis, we are trying to anticipate how little services worldwide will weather this storm and where we require to focus our efforts.
LCGC deals with micro, little and medium-sized enterprises (MSMEs), primarily in the establishing world. The common small company we work with utilizes between 10 and 20 people, is close to or is already export-ready, and wants to grow globally. These MSMEs represent 60% -70% of jobs in establishing nations and around half of economic activity ¹. Furthermore, they tend to use youths and women.
It is still prematurely to estimate how deeply the pandemic will impact our core constituency. Little companies are currently or will soon face a liquidity crisis, which might eliminate entire sections of the economy. In the next few months, they will face a series of challenges that will depend, to a large degree, on how policymakers respond to the crisis today.
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