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COMBATING WITH COVID-19 IMPACTS ON BUSINESSES

Recovering from losses and support systems

(V)
Republic of Rwanda
Ministry of Trade
and Industry

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Some of the positive effects are: New business ideas Increased innovations Wide customer base Reduced cost of production Tourek  (2021)

On the other hand there are: Temporary  or permanent shut-down Narrow market Slow and delay in operations Low and sometimes no profits High cost of production

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World wide  effects of covid-19 on businesses

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Business Rate (%) Industry -4 Agriculture -1 Information and technology 29 Education -38 Health service 19

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Rate (%) Industry Agriculture Information and technology Education Health service -4 -1 29 -38 19

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Identify challenges Evaluate them Seek for help Recover Understand them

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Economic recovery fund Hotel refinancing AFFIR by World bank through IDA Business survival boot camp Kayihura  (2021)

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Kayihura , R. (2021, June 16).  The World Bank Group Supports Recovery and Resilience of Rwanda’s COVID-19-Affected Businesses .  Retrieved from worldbank.org:  https://www.worldbank.org/en/news/press-release/2021/06/16/world-bank-group-supports-recovery-and-resilience-of-rwanda-s-covid-19-affected-businesses   Patrick, K. I. (2021, March 18).  In 2020, Rwanda's GDP drop by 3.4% following Covid-19 pandemic outbreak . Retrieved from statistics.gov.rw:  https://www.statistics.gov.rw/publication/2020-rwandas-gdp-drop-34-following-covid-19-pandemic-outbreak   Tourek , G. (2021, January 20).  How the COVID-19 Pandemic Affected Rwandan Businesses: Findings from Phone Surveys . Retrieved from pedl.cepr.org:  https://pedl.cepr.org/publications/how-covid-19-pandemic-affected-rwandan-businesses-findings-phone-surveys

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 Kayihura , R. (2021, June 16).  The World Bank Group Supports Recovery and Resilience of Rwanda’s COVID-19-Affected Businesses .  Retrieved from worldbank.org:  https://www.worldbank.org/en/news/press-release/2021/06/16/world-bank-group-supports-recovery-and-resilience-of-rwanda-s-covid-19-affected-businesses   Patrick, K. I. (2021, March 18).  In 2020, Rwanda's GDP drop by 3.4% following Covid-19 pandemic outbreak . Retrieved from statistics.gov.rw:  https://www.statistics.gov.rw/publication/2020-rwandas-gdp-drop-34-following-covid-19-pandemic-outbreak   Tourek , G. (2021, January 20).  How the COVID-19 Pandemic Affected Rwandan Businesses: Findings from Phone Surveys . Retrieved from pedl.cepr.org:  https://pedl.cepr.org/publications/how-covid-19-pandemic-affected-rwandan-businesses-findings-phone-surveys  

COMBATING WITH COVID-19 IMPACTS ON BUSINESSES

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