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Derek Achong

A for­eign ex­change ini­tia­tive for small and medi­um-sized en­ter­pris­es (SMEs) by the Min­istry of Fi­nance has been met with op­ti­mism from busi­ness groups and stake­hold­ers.

On Fri­day, the min­istry an­nounced that SMEs would be able to ac­cess up to US$50,000 a month to pay in­ter­na­tion­al busi­ness ex­pens­es through a fa­cil­i­ty man­aged by the Ex­port-Im­port Bank of T&T (Ex­im­bank).