The Global Facility provided trainings to SMEs at Shea Conference 2022
COVID-19 Private Sector Global Facility project has ended
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.
Creating a world where MSMEs are a key foundation for building green, sustainable, and resilient economies
We envision a world with MSMEs as the key foundation for building green, sustainable, and resilient economies
The COVID-19 Private Sector Global Facility is a global initiative and collaboration bringing together public and private sector partners to help local communities recover better from the pandemic. The initiative aims to co-create solutions by mobilizing the private sector as a key actor in response and recovery efforts to rebuild more inclusive economies and societies, to set a new course for a socially just, environmentally sustainable, and climate-resilient world where no one is left behind.
MSMEs need support to adapt to a rapidly-evolving economic reality such as green and sustainable business practices to get access to new markets and lower the barriers to capital. Based on the needs of MSMEs, the Global Facility works within three solution areas that will enhance MSMEs and incorporate them into future economies. The solution areas are:
Connection to markets
Lowering barriers for