Malaysian bank to help African nations with microcredit setup

from the New Straits Online

A Malaysian bank will help African nations in setting up microcredit schemes. The announcement was made at a conference for Asia and African countries. - Kale

BANK Negara Malaysia will assist interested African countries to come up with microcredit schemes under the Financial Inclusion Advisers (FIA) programme.

Deputy Prime Minister Datuk Seri Najib Razak said BANK Negara would look for the best possible scheme for each of the nations interested.

"They will not necessarily follow the same scheme. Each scheme will be planned according to the respective country's needs and will be a long-term programme," he said.

Najib was speaking last night after the first day of dialogue proper at the Global Southern Africa International Dialogue (GSAID) at the Mulungushi Dialogue Centre.

On the dialogue itself, he said Malaysia was often spoken of as a model in the session.

He said this was because the participants were impressed with the country's national vision, microcredit scheme and infrastructural development.

"The participants and leaders of several of the countries reported that their national visions were on schedule. However, one thing important for them to note is that any national vision must be accepted by the people.
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