Improved financial practices crucial for small business

Access to finance is frequently identified as the largest barrier for small and medium enterprises, but often they do not have their own fiscal house in order to receive this finance. Small and medium enterprises (SMEs) must improve their reporting and accounting framework in order to inspire confidence in banks, according to Thomas Foerch, working […]

IFC signs second convertible loan with local bank

The World Bank’s International Finance Corporation (IFC) will issue a US$7 million convertible loan to Myanmar Oriental Bank (MOB), to help finance small and medium enterprises (SMEs). This is the second such loan issued by the IFC in Myanmar – last September it signed with Yoma Bank for a $5 million convertible loan, also to […]