Covid 19 – How CMC INVESTMENT PTY LTD has helped communities and people during the pandemic.

Covid 19 came as a death sentence for the financial well-being of underdeveloped communities around the world. In the developing world, the pandemic had such a bad effect that it affected millions of people and decimated their economy to the brink of extension. People have been suffering from the effects of the pandemic for over 1.5 years now and there seems to be no guarantee that this is the end of it. We might continue seeing the effects of the pandemic well into the next year, as well as the year after that. In these troubling times when the world had stopped many financial institutions and companies came forward to uplift the communities that were affected the most by the pandemic. CMC Investments PVT LTD has been really active in uplifting communities and helping them during the pandemic. 

In April of 2020, one of the first projects that emerged at the start of the pandemic was the COVID-19 response program which was one of the earliest efforts by financial institutions to help countries that had been the worst hit. The fund gathered more than $2 billion out of which a considerable sum was given by CMC Investments. CMC Investments was early to the game, they had realized the impact that the pandemic would have and preemptively prepared for it. 

The same story was repeated when the vaccines were developed, Pfizer and Moderna vaccines were developed quite rapidly and at a much high price, this was a relief for many in the world’s richest countries however, those in poor countries were in limbo, about where to get these vaccines and how to really save themselves from the deadly pandemic. COVAX came as a rescuer to many, the body set up by the UN to help give vaccines to every corner of the world. COVAX was backed by many high-profile corporate companies, one of which was CMC Investments, overall CMC has poured in over a billion dollars in all the efforts that COVAX has put in, they have made sure that every person on the planet gets the vaccine. 

Moreover, CMC investments are also geared up in investing in communities around the globe. A lot of people lost their jobs during the pandemic and many sectors were hit badly, CMC Investments poured money into the sectors that were the most hit by the Pandemic and made sure that these sectors have enough money to keep all of the employees employed. This endeavor cost MERCO more than $5 Billion, however, top management still believes that in the long run, these sectors will bring the most growth to the investment firm. CSR is taken very responsibly by CMC and ever since the Pandemic the company has expanded its CSR activities in other domains as well.