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Covid-19 EPS
The COVID-19 pandemic has a strong, negative short-term impact on the global economy. The current situation is causing widespread disruptions in trade and economic activity due to physical restrictions, international travel bans, closure of businesses (malls, shops, restaurants, leisure facilities such as theatres, sports centres) and educational institutions. While medium to long term impacts on the global economy are still unclear, there is a serious threat of global recession with all major regions affected.
 Impact on potential collaborations
As EPS is a modality, in which private and public sector actors join forces for a shared mission and aim at a symmetric collaboration for impact, the consequences of COVID-19 for EPS are difficult to grasp. On the one side, a long-term recession would pose serious financial threats to SMEs and large companies, which could lead them to focus on the core business and neglect special collaborations like EPS projects. Therefore we expect, that the initiation of longterm, strategic partnerships with private sector actors will be rather challenging in the upcoming months. On the other side, there are without doubt brands that are making, even unintentionally, profit of this crisis, be it pharmaceutical, ICT or consumer goods companies. Many of them wish to contribute financially to the fight against COVID-19, also in developing countries. Examples can be found on this site in the links section.  The role of the private sector in fighting Covid-19
The list below highlights the potential role and concrete actions of private sector actors within the EPS universe: - Foundations play a key role in supporting high impact organisations such as social and impact enterprises or NGOs providing critical products and services to the most vulnerable. While selected examples will be published on this site, the Swiss Foundations Website collects responses from their members and selected large foundations worldwide.
- Impact investors have been at the forefront of offering financial investment possibilities, which also tackle environmental or social challenges. The GIIN overview highlights that large impact investors are actively offering or increasing funding towards COVID-19 measures. Blended finance, the strategic use of development finance for the mobilisation of additional private resources, could play a key role in mobilising enough capital to support low and lower-middle income countries through these times. Examples like the IFC social bond or the record-breaking Social Bond issued by the African Development Bank show that there is a huge opportunity for innovative finance mechanisms.
- Large multinationals and corporates are also actively donating large sums to collective funds or directly to NGOs. In addition, many private sector companies are shifting their production and research abilities to fight COVID-19, as overviews from the Forbes Magazine or the World Economic Forum show.
 Guidance and support
The Center for the Engagement with the Private Sector (CEP) at SDC has reached out to EPS pioneers in the field to offer support and guidance during these challenging times. In addition, we are in active exchange with stakeholder in and outside of SDC to see how we can contribute to COVID-19 relief actions.
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[FUNDING]: COVID-19 Solidarity Response Fund
[FUNDING]: COVID-19 Solidarity Response Fund
A new coronavirus disease (COVID-19) Solidarity Response Fund will raise money from a wide range of donors to support the work of the World Health Organization (WHO) and partners to help countries respond to the COVID-19 pandemic. The fund, the first-of-its-kind, enables private individuals, corporations and institutions anywhere in the world to come together to directly contribute to global response efforts, and has been created by the United Nations Foundation and the Swiss Philanthropy Foundation, together with WHO.
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