On the occasion of our COVID-19 Digital Knowledge Hub official launch, we are having a conversation focused on COVID-19 responses…
COVID-19 recovery for SMEs: A digitalisation roadmap for the Global South
By 
2023-11-23T04:41:25+00:00November 25, 2022|
Key Messages:
- Small and medium enterprises (SMEs) are the backbone of many economies in the Global South. However, COVID-19 caused a rapid shift towards a more digitalised economy, putting many at high risk of exclusion.
- To accelerate and support the digital transition of Global South SMEs, national governments and multilateral organisations should design a ‘digitalisation roadmap’. It would address the key structural and infrastructural challenges these enterprises face.
- Countries need to invest in the development of tailored training programmes focusing on digital skills for SMEs, and adapting business models to the digital world.
- As Southern economies recover from the pandemic shock, governments need to support the business continuity and job security of SMEs. Incentives, financial stimulation programmes, and credit accessibility initiatives are vital.
