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Australian govt funding in Philippines help sustain 13 SMEs and 1,068 jobs

Australian govt funding in Philippines help sustain 13 SMEs and 1,068 jobs

7 March 2022
| By Invoice Bazaar

Funding by the Australian government in 13 woman-owned and women-led small businesses in the Philippines has helped sustain 13 SMEs and 1.068 full-time quality jobs while also creating new economic opportunities via business growth. An initiative known as the Investing in Women launched the Macquarie Investing in Women RISE Fund to enable women SMEs to adapt and respond to various business opportunities during the pandemic. This Fund provided investments to 13 women-owned SMEs across urban and rural markets in the Philippines and helped sustain over 1,068 full-time quality jobs in the agriculture, tech, infrastructure, and other such sectors.

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BY Euromoney

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BY Treasury Today Group

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Trade finance is always a topic where the gap continues to widen and as much as companies are doing their best to close the gaps, there continues to always be the next hurdle. In this Treasury Today Group article, Mr. Srinivas Koneru, our Triterras' Chairman & CEO, refers to the trade finance market as cyclical, but adds that stricter capital requirements have reduced the amount of funding banks can make available for trade finance over the last 5 years.

Australian govt funding in Philippines help sustain 13 SMEs and 1,068 jobs

Related Articles

World Trade Board launches plan to empower SMEs through trade and finance

Trade Finance: An Expanding Opportunity For Institutional Investors

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Trade-finance data needs a centralized repository

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Impact of Changing Interest Rate Expectations in US & Europe on TF Flows

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Financial market volatility complicates funding environment

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