Adapting technical help to fulfill the difficulty
As COVID-19 relocations from a health crisis to a financial crisis, we are trying to expect how little companies around the globe 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 typical little organisation we deal with employs in between 10 and 20 people, is close to or is currently export-ready, and desires to grow worldwide. These MSMEs represent 60% -70% of tasks in developing nations and around half of financial activity ¹. Moreover, they tend to utilize youths and women.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Small companies are already or will quickly deal with a liquidity crisis, which might clean out entire sections of the economy. In the next few months, they will face a variety of difficulties that will depend, to a large degree, on how policymakers react to the crisis today.
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