The International Labour Organization (ILO) and JP Morgan Chase Foundation have entered into a project aimed at supporting women entrepreneurs from Malaysia, the Philippines, and Thailand to recover from the COVID-19 pandemic.
The agreement, which will be implemented by the ILO, is known as a project on ‘Rebuilding Better: Fostering Business Resilience Post-COVID-19’ is designed for the women to adopt more sustainable and resilient business models.
Amid the pandemic in which businesses and supply chains have been disrupted by adherence to health protocols including social distancing and lock downs.
The target of the project is women entrepreneurs, who are identified as "less resilient to the impact of adverse economic shocks, accessing support services will be critical to their stabilization and recovery.
"The Rebuilding Better project, which will be implemented over 18 months, will bring about solutions to improve women entrepreneurs’ access to training, finance, and markets," according to the press release posted on the ILO website.
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