Mon, September 27, 2021

in-focus

Cabinet approves THB4.1bn for EXIM Bank to support SME loans


The Cabinet on Tuesday approved a capital injection of 4.189 billion baht for the Export-Import Bank of Thailand (EXIM Bank), as proposed by the Finance Ministry. The money will be allocated by the Specialised Financial Institution Development Fund (SFIF), said government spokesperson Ratchada Thanadirek.

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EXIM Bank can use the money to support SME loans for investment in trading, both domestically and internationally. The Cabinet wants Thai SMEs to invest in three market segments – domestically, in the CLMV (Cambodia, Laos, Myanmar, Vietnam) and new-frontier markets such as Indonesia, Malaysia and the Maldives. This strategy accords with the 5-year policy of Specialized Financial Institutions (2021-2025).

Published : August 24, 2021

By : The Nation