SME Bank, an agency supervised by the Ministry of Entrepreneur Development and Cooperatives and mandated to nurture and develop the country's SME sector, fully supports the National Recovery Plan announced by the YAB Prime Minister.
In order to enhance the growth and sustainability of small and medium enterprises and craft projects, the Small and Medium Enterprises Development Authority (SMEDA) and the Oman Development Bank signed an agreement to manage the loan portfolio to finance pioneers, entrepreneurs, owners of small and medium enterprises, and craftsmen to establish and expand.
CGC commits to guarantee up to RM 10B to support MSMES
The Credit Guarantee Corporation Malaysia Berhad (CGC) has committed to guarantee up to RM10 billion for micro, small and medium enterprises (MSMEs) affected by the Covid-19 pandemic so as to assist them in reviving and recovering their businesses.
Source: Credit Guarantee Corporation Malaysia Berhad
New BDC Capital report measures D&I within its VC direct investment portfolio
BDC Capital, the investment arm of BDC, has published a new report assessing the diversity and inclusion (D&I) of its active direct investment portfolio. The voluntary survey was completed by 95 companies (or 54% of the portfolio). BDC Capital is one of the first venture capital investors in Canada to survey its portfolio on diversity and inclusion.
VEB.RF funds paper mill production modernization program
The Federal Industrial Development Fund (VEB.RF Group) signed a loan agreement to the Novosibirsk Cardboard and Paper Mill (Novosibirsk KBK) for the modernization of production. The project is important for achieving the objectives of two national projects at once – labour productivity and ecology.
IIB provides new loan for the SME sector development in Mongolia
The International Investment Bank (IIB) announced the conclusion of a new loan agreement with the Golomt Bank of Mongolia that amounts up to USD 10M with a tenor of five years. The institution is one of the major systemically significant players of the national banking sector, which provides financial services for individuals, SMEs, and corporate clients.
Pag-IBIG Fund achieved milestones in the first four months of the year as members availed of its voluntary savings program and housing loan program in record numbers despite the on-going health crisis, top officials of the agency said on Friday (June 04).
KfW survey shows Corona crisis weighed on the financing situation for companies
The financing situation of companies and businesses in Germany deteriorated noticeably by the spring of this year – especially in the sectors hardest hit by the pandemic, such as the service sector and retail trade
Exim Bank extends LOC of USD 100M to the Government of Sri Lanka
Export-Import Bank of India (Exim Bank) has, on behalf of the Government of India, extended a Line of Credit (LOC) of USD 100 million to the Government of Sri Lanka for financing projects in the solar energy sector.
ADFIAP IDF, AC conduct webinar on loan portfolio management
ADFIAP’s Institute of Development Finance (IDF), in collaboration with ADFIAP Consulting (AC) Group, conducted a webinar on “Strengthening Loan Portfolio Management in the Credit Process” on June 15 to 17, 9:30 am -12:30 pm, Philippine Standard Time.
IDF conducts webinar on sustainability reporting, SDGs
The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, conducted a deep-dive webinar on “Sustainability Reporting: Embedding Sustainability into your Corporate DNA” on June 1-4, 2021. Top-level officers and managers of ADFIAP member-banks from Malaysia, Federated States of Micronesia Development Bank, and the Philippines attended the program.
ADFIAP, AADFI, auctusESG hold webinar on ESG and climate risk management
ADFIAP, in collaboration with the Association of African DFIs (AADFI) and auctusESG, held a webinar on “Decoding ESG and Climate Risks: Focus on DFIs in Africa and Asia – The Importance of Integrating ESG and Climate Risk in Lending and Operations” on May 28, 2021, with over 130 attendees from around the world.
The ADFIAP Board of Directors has set the Secretariat leadership succession by naming Enrique I. Florencio, currently the Group Head of Operations and Sustainability, as new Secretary General succeeding Octavio B. Peralta who will step aside on July 1, 2021 after 30 years of service and start the six-month transition period until the end of his term on December 31, 2021.
World Environment Day boosts growing global movement to restore damaged ecosystems
Individuals, communities, civil society, businesses and governments around the world today marked World Environment Day – with official celebrations held in Islamabad – by making commitments and calling for action to restore millions of hectares of ecosystems all around the world for the benefit of people and nature.
ADB President Calls for “Bold Action” on Climate Change at 16th Asia Clean Energy Forum
The Asian Development Bank (ADB) is ready to play a leading role in helping Asia and the Pacific meet its Nationally Determined Contributions (NDCs) under the Paris Agreement and achieve net-zero emissions by mid-21st century, participants at the Asia Clean Energy Forum (ACEF) 2021 heard today.
Powering a Learning Society During an Age of Disruption
This book—written by leading policymakers, practitioners, and researchers—explains how Asia and the Pacific’s education systems must evolve to drive the region’s transition toward a greener, more equitable society
One Year of Living with COVID-19: An Assessment of How ADB Members Fought the Pandemic in 2020
This report examines how ADB members have managed the COVID-19 pandemic, including the financial packages announced during 2020. It also analyzes the specific measures taken, classified into liquidity support, credit creation, long-term lending, equity support, and health and income support. The report draws extensively on
GPSNR unveils first ever collective grievance mechanism in the natural rubber industry
The Global Platform for Sustainable Natural Rubber (GPSNR) has unveiled the natural rubber industry’s first ever grievance mechanism. The process provides a platform to address complaints against its members.