Small, private firms to get more help

Reformers looking at ways to provide cheaper financing, reduce loan defaults

Financial reformers are exploring measures to give smaller and private companies access to cheaper funds and reduce defaults on debt, given their significant contribution to economic growth and employment.

Financial institutions are being mobilized to support privately owned small and micro companies, using a broader range of financial tools including bonds, bank lending and equity, as indicated by the central bank's 2019 task list.