DFCC Bank, USAID to support MSMEs

8 May, 2022
US Ambassador to Sri Lanka, Julie Chung (sixth from left) presents the agreement to Director and CEO, DFCC Bank, Thimal Perera (seventh from left). DFCC and USAID officials look on.

DFCC Bank has entered into a partnership with USAID CATALYZE Private Sector Development Activity (PSD) PSD, implemented by The Palladium Group, to finance MSMEs, with a focus on women-led enterprises.

The partnership was officially entered into with the signing of an MoU between the two organisations, recently. The partnership will target certain high-growth sectors including tourism, ICT, commercial care, apparel, food processing and others.

Director and CEO at DFCC Bank, Thimal Perera said, “We’re very pleased to announce this partnership, as it will truly enable us to provide and create opportunities for growth and development for Sri Lankan businesses of all sizes.”

The partnership between DFCC Bank and USAID Sri Lanka will focus around three primary objectives, linked together by the core theme of inclusion and promotion for women.

The three primary objectives of this partnership are to create improved capacity and competitiveness among MSMEs, to increase accessibility and availability of financing for these businesses, and to increase economic resilience to help overcome the impacts of covid-19 on Sri Lanka’s economy.

– Sunday Observer Sri Lanka

, Business, ,

Post a Comment

Previous Post Next Post