Enterprise SG and IFC Partnership to Guide Institutions and Businesses
Emphasis on supply chain finance for Enterprise SG and IFC Partnership
Enterprise Singapore (Enterprise SG) and the International Finance Corporation (IFC) have penned a new Memorandum of Understanding (MOU). It creates an Enterprise SG and IFC partnership that aims to bring change to the Singapore business ecosystem. The parties to this MOU will be working with financial institutions and businesses to provide guidance towards better outcomes.
The main aim of this partnership will be to catalyse and improve supply chain financing and investment for businesses. The agreement includes more accurate business matching and better risk solutions, with a focus on creating joint outreaches. There are also initiatives in place to work towards decreasing capital constraints and risks for enterprises.
An Enterprising Alliance
The Enterprise SG and IFC partnership aims to offer pertinent guidelines and solutions for Singapore’s business ecosystem. This will drive investment and trade, especially in emerging markets. Supply chain financing will also be a prominent part of the initiative, acting to catalyse better outcomes for all.
Enterprise SG will be collaborating with IFC to involve financial institutions in Singapore with a focus on risk mitigation. They will kickstart by engaging with the Development Bank of Singapore Limited (DBS). The idea is to develop risk mitigation solutions that work for trade finance activities. The parties will especially emphasise emerging markets with high-risk factors.
IFC will be directing its efforts more towards enterprises and financial institutions. They will be looking at all aspects of cross-border investment, including financial structuring and risk mitigation techniques. The outreach initiatives will also work to align private sector enterprises and government agencies.
Creating Better Opportunities and Outcomes
Emerging markets are always a challenge for enterprises in developing economies. There are pertinent issues such as gaps in financing, sustainable expansion, capacity building, risk mitigation, etc. While opportunities abound, so do challenges and having relevant and expert guidance is the best way forward. This is the service that the Enterprise SG and IFC partnership aims to provide for institutions and entrepreneurs in Singapore.
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