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State banks told to tap world market to help SMEs expand.
Nov. 8--State financial institutions must broaden their exposure to international financial markets to help small- and medium-sized enterprises access global capital, according to Somchai Sujjapongse, deputy director-general of the Fiscal Policy Office.
Globalisation and market liberalisation will result in greater cross-border investment and capital flows, Dr Somchai said.
State banks, including the Government Savings Bank, the SME Bank and the Bank for Agriculture and Agricultural Co-operatives, should increase their exposure to foreign markets to benefit from the trends of globalised markets, he said.
The Fiscal Policy Research Institute, a ...
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