Private Sector and Development 37 : Faced with the crisis, what prospects for the private sector?

The spread and impact of Covid-19 on populations around the world has triggered unprecedented economic shock waves. In emerging and developing countries in particular, the entrepreneurial fabric has been severely damaged by the effects of health measures and the freezing of many local commercial activities. Whole sectors of these economies have been slowed down and MSMEs – which account for up to 80% of formal jobs in these countries – have suffered significant financial difficulties.