Today, the MAS (Monetary Authority of Singapore), in collaboration with the (IFC) International Finance Corporation and the (UNDP) United Nations Development Programme, inaugurated an open action program and financial education for MSMEs across Africa and Asia. The SFE (SME Financial Empowerment) intends to help MSMEs develop digital financial knowledge and a solid grasp of the cross-border banking system pertinent to MSMEs to survive in the post-pandemic digital world.
The SME community can leverage this global platform to connect local SME ecosystems and stimulate cross-border financing, trade, and digital solutions.
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