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Adjusting technical assistance to satisfy the difficulty

As COVID-19 moves from a health crisis to a recession, we are attempting to prepare for how small companies around the world will weather this storm and where we need to focus our efforts.

LCGC deals with micro, little and medium-sized enterprises (MSMEs), primarily in the establishing world. The common small company we deal with employs in between 10 and 20 individuals, is close to or is already export-ready, and wishes to grow worldwide. These MSMEs represent 60% -70% of tasks in developing countries and around half of financial activity ¹. Moreover, they tend to employ young individuals and females.

It is still too early to estimate how deeply the pandemic will impact our core constituency. Little companies are currently or will soon face a liquidity crisis, which might erase whole segments of the economy. In the next couple of months, they will deal with a series of challenges that will depend, to a big degree, on how policymakers respond to the crisis today.

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