In the APEC SME Finance Forum in Manila, GE Capital International Commercial Distribution Finance Leader in Asia, Christopher Wohlert, said Asia-Pacific Economic Cooperation (APEC) will launch the Financial Infrastructure Development Network (FIDN) this year. The FIDN aims to promote an enabling financing environment for micro, small, and medium enterprises (MSMEs) to improve the sector’s access to finance.
“The FIDN shall serve as a specialized subgroup within the Asia-Pacific Financial Forum to facilitate workshops, dialogues and studies to support the establishment of legal frameworks for Credit Information Systems, secure transactions and the use of movable assets as collateral,” ABAC Chair Doris Magsaysay-Ho said.
Source: Philippine Information Agency
