2 February 2023
Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) and Ayeyarwady Bank signed a Memorandum of Understanding (MOU) on necessary loans disbursement cooperation to introduce and develop the MSMEs, it is reported.
The MOU aims to support the recovery of State economy with the development of MSMEs and to operate MSMEs in Myanmar conveniently.
The MOU includes cooperation on necessary loan disbursement to introduce and develop the MSMEs in accordance with the agreements reached by both sides, and mutual support to emerge entrepreneurs in Myanmar.
Moreover, it also includes cooperation on networking expanding for the development of MSME sector, holding workshops and seminars, and sharing accurate information in real time.
