Due to the outbreak of the COVID-19 businesses around the globe have taken a hit. COVID-19 originating in Wuhan, China spread rapidly across the world taking the lives of many in its wake. The virus also took away livelyhood from many people as countries went into lockdowns isolating people in their homes. This has resulted in damage to the global economy as well as a large drop in the employment rate.
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.