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Saturday, May 4, 2024

Apec to focus on loans for SMEs

The Asia-Pacific Economic Cooperation (Apec) finance ministers’ meeting will focus on giving small and medium-sized enterprises (SMEs) better access to loans via digital channels, says Fiscal Policy Office director-general Pornchai Thiraveja.

The Finance Ministry is scheduled to hold a meeting of Apec senior finance officials from June 22-23 in Khon Kaen province to prepare the agenda for the ministers, who will meet in the same place in October.

Mr Pornchai said one of the topics for discussion is the use of digital technology to facilitate SMEs’ access to funding via digital channels.

He said the Bank of Thailand and the Securities and Exchange Commission were considering guidelines to create a secure ecosystem around this kind of digital funding channel for SMEs.

The senior officials are expected to discuss the adoption of technology to create a digital…

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