SMEs are the backbone of the developing economies. They have a key role to play in the ability of any country to recover from the current crisis.

On July 14th at 14:00, the Government of Luxembourg,UN Capital Development Fund (UNCDF) and International Trade Centre organised a virtual side event in the framework of UN High-Level Political Forum 2020  on The Importance of SME Financing to COVID-19 Response & Recovery Efforts.

Mr Manuel Tonnar, Director Luxembourg Development Cooperation and Humanitarian Affairs and Mr Jean-Philippe de Schrevel, Founder and Manager of Bamboo Capital Partners were among the speakers. The other speakers were:

  • Ms Judith Karl, Executive Secretary UNCDF
  • Ms Doroty Tembo, Acting Director International Trade Centre
  • Mr Lacina Koné, Chief Executive Officer SmartAfrica
  • Ms Lucia Ditiu, Executive Director Stop TB Partnership
  • Mr Navid Hanif, Director, Financing for Sustainable Development Office UN DESA
  • Ms Michelle Nunn, Chief Executive Officer CARE USA

They discussed the following questions:

  • How can SDG-aligned investment strategies strengthen the competitiveness of SMEs and women-and youth-owned enterprises and ultimately help economies recover from the COVID-19 crisis?
  • How are the UN agencies and civil society organisations that form part of the SDG 500 partnering with the private sector to mobilize significant private investment towards the SDGs?
  • How can SMEs in the healthcare value chain address some of the weakest links in healthcare systems in low-income countries and emerging markets?
  • With lockdowns and social distancing measures in place in much of the world, how are SMEs turning disruption into opportunity by scaling technology-enabled models to deliver essential goods and services?
  • What is the potential to replicate and scale the financial mechanism and partnerships behind SDG500?

To watch the event click here