Empowering MSMEs in OACPS countries to Build Back Better post Covid-19.
For over a year, the entire world has battled the COVID-19 pandemic. And the Members of the Organisation of African, Caribbean and Pacific States (OACPS) have not been spared. OACPS Members have more than 50 million registered Micro, Small and Medium-sized Enterprises (MSMEs). The same represent around 90% of the entrepreneurial fabric and a share of employment that fluctuates between 50 and 70 percent across the six the six regions of the Organisation. Solving challenges related to the impact of the crisis requires coordinated efforts from various private and public sector stakeholders at national, regional, and all OACPS level.
With a view of assisting OACPS MSMEs to successfully navigate through the pandemic, the OACPS and the European Union have put in place a series of initiatives under the Joint Private Sector Development Strategy.