|In periods of economic crisis, maintaining liquidity is the key to survival. Companies able to anticipate impacts on sales and revenues, and then take effective steps to manage cash, can ride through rough waters and sustain operations until a better day.
GOGLA and IFC’s Lighting Global team, in cooperation with the Frankfurt School of Finance and Management and CGAP, co-hosted a webinar addressing what PAYGo companies can do today to mitigate the threat to their businesses of the COVID-19 pandemic. Dr. Joachim Bald, Practice Leader of Risk Management at the Frankfurt School, shared insights derived from the crisis management and business continuity experience of lenders to micro and small-to-medium sized enterprises (MSMEs). The webinar explored how Solar PAYGo companies can learn from this experience, and provided tools and recommendations for how your PAYGo business can immediately apply these lessons learned. Daniel Waldron, Financial Sector Specialist at CGAP, provided additional insights on credit risk management for the off-grid solar sector. The discussion focuses on anticipating stresses on your business, and the actions you can take to mitigate risks to the lifeblood that is liquidity.
To see our full list of COVID-19 Resources, click here.