Adapting technical assistance to satisfy the obstacle
As COVID-19 relocations from a health crisis to a recession, we are attempting to prepare for 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 business (MSMEs), primarily in the establishing world. The normal little organisation we work with employs between 10 and 20 individuals, is close to or is already export-ready, and desires to grow worldwide. These MSMEs represent 60% -70% of tasks in developing nations and around half of economic activity ¹. Moreover, they tend to employ 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 could clean out entire segments of the economy. In the next couple of months, they will deal with a variety of challenges that will depend, to a big degree, on how policymakers respond to the crisis today.
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