Since the pandemic, the world economy has had a slow recovery, and during the pandemic, funding was focused on supporting countries from total economic collapse. But little attention was paid to businesses, entrepreneurs, companies, and industries—the main players in the world’s economic growth. Financial analysts predicted that the world would go into a global recession. And with the wars in Ukraine, Israel, Syria, and other parts, With unrest. A recession at this time will be very fatal to the world’s economy . In January 2024, as a proactive measure to avert another recession and economic disaster, The Gulf Cooperation Council (GCC), European Union (EU), World Bank, and United Nations (GEWU) have allocated over $5.7 trillion in US dollars to support businesses, firms, entrepreneurs, and individuals undergoing transition, struggling expansion, and reform. The Fund aims to reduce poverty, improve businesses worldwide, and promote progress and prosperity. The (GEWU)decided to invest in various sectors to help the world economy recover from the COVID pandemic’s effects. Governments have rolled out large fiscal stimulus measures to combat the pandemic’s economic impact, but the crisis has led to a slow and painful recovery.
(GEWU) and independent donors decided to give grants to boost businesses/Enterprenuer/Multinationals and keep them afloat during this time. Pre-qualified applicants will be issued a referral code, which they will use to process their grant. This offer is not open to the public, and applications are strictly made on a referral basis by their accredited consulting firms, of which KPMG is one or an accredited consultant.