EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) has entered into a multi-party collaboration among Thai and Malaysian institutions to promote small and medium enterprises (SMEs) in both countries to enhance their economic growth.
The MoU was inked between four DFIs – Exim Bank, SME Bank Malaysia, Export-Import Bank of Thailand, and the Small and Medium Enterprise Development Bank of Thailand on Feb 16 in Narathiwat, Thailand.
The MoU reaffirms the commitment by all participating institutions, particularly in their effort to integrate collaboration on trade, investment and SMEs of both countries, ranging from tourism to halal food, garments, jewellery, including those involved in cross-border trade.
Exim Bank president/CEO Datuk Nazri Abdul Rahim said in a statement: “In line with our Prime Minister’s call for ‘Shared Prosperity’ during APEC2020, Exim Bank believes that the signing of this multi-party agreement will pave the way for greater collaboration between DFIs on both sides of the border, as we jointly promote and support SMEs in growing their businesses beyond their local markets.”
“As a cross-border facilitating DFI, Exim Bank Malaysia aims to be the preferred financier for these aspiring global businesses by facilitating and offering them avenues for growth with our various trade financing, credit insurance and advisory services.” – Feb 18, 2020