After a meeting on September 5, banks have made a number of pledges around lending, mortgage approvals and SME seminars over the next two months to help with productivity.
Rabobank and HSBC helped with the implementation of a $166m facility which will be used in part to help smallholders adopt sustainable farming measures.
The Japanese bank has tapped into India’s microfinancing sector through a facility with Svatantra Microfin, which targets female entrepreneurs in India’s rural areas.
Expert panellists in Hong Kong discussed the rise of private credit as a preferred debt structure in Asia, as interest rates remain high and traditional bond issuance slows down.
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