The COVID-19 Private Sector Global Facility was established in 2020, at the beginning of the COVID-19 pandemic. Its purpose was to create a global forum to foster innovative and rapid collaboration by leveraging the partners' extensive capacities and wide-ranging networks, to support MSMEs' recovery from the pandemic.

Since its inception, the COVID-19 Private Sector Global Facility has supported MSME programs at the National level in countries such as Colombia to strengthen and economically reactivate local enterprises in Bogotá with training sessions on entrepreneurship, business growth, and trade. Furthermore, the initiative fostered innovative solutions such as the Smart Facilities for Health, which enhances critical health infrastructure in developing countries with renewable energy, internet connectivity, and Internet-of-Things sensors for remote monitoring, rolling out the solution in 8 countries, including Uganda, South Sudan, and Afghanistan. 

As the world transitions out of the emergency phase of the pandemic, the partnership has concluded its purpose, and the COVID-19 Private Sector Global Facility project has ended. The partners will continue to pursue bilateral collaborations to support beneficiaries at the local level.