- May 26, 2020
- Posted by: IPF Kenya
- Category: News&Events, Publications
MEMORANDUM TO THE TRADE, INDUSTRY AND COOPERATIVES COMMITTEE OF THE NATIONAL ASSEMBLY ON THE BUDGET ESTIMATES 2020/21
Trade and Industry
In the wake of COVID-19, the global supply chain of trade has been disrupted. Due to this, the world has witnessed a slowdown of businesses leading to loss of revenue for Government, decline in Foreign Direct Investment, and loss of employment. The government needs to have measures in place to ensure that businesses are operational despite the difficult circumstances we are in. Government needs to bolster business operations to prevent further losses during COVID-19 pandemic.
This memorandum was prepared as a submission to inform deliberations on the proposed budget estimates for 2020/21 that are currently under review in the National Assembly. It was prepared by organizations in private sector and civil society
• The draft estimates note that the State Department for Industrialization intends to provide credit facilities to Small and Medium Enterprises under the Standards and Incubation Program.