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small and medium-sized enterprises
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- 1World Bank and SMBC Partner to Finance Small Businesses▼World Bank Group and SMBC Partner to Expand Access to Finance for Small Businesses Across Emerging Markets
The World Bank Group and Japan's Sumitomo Mitsui Banking Corporation (SMBC) have announced a partnership to expand access to finance for small businesses across emerging markets. The collaboration, announced through the World Bank's International Finance Corporation, aims to improve lending and financial services for small and medium-sized enterprises in developing economies, where access to credit remains a major barrier to growth.
- 2ADB and Credo Sign Local Currency Loan for Georgian SMEs▼ADB, Credo Sign Local Currency Loan to Boost Financial Inclusion for MSMEs in Georgia
The Asian Development Bank and Credo Bank have signed a local currency loan aimed at expanding financial inclusion for micro, small and medium-sized enterprises in Georgia. The deal is intended to improve access to finance for smaller businesses in the country, with the local currency structure reducing foreign exchange risk for borrowers.