#micro enterprise financing
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Pradhan Mantri MUDRA Yojana
Pradhan Mantri MUDRA Yojana
Introduction
The Pradhan Mantri MUDRA Yojana is a government initiative aimed at providing financial support to small and micro-enterprises in India. It was launched to promote entrepreneurship and generate employment opportunities.
Objectives
Facilitate micro-enterprises to access credit
Promote financial inclusion
Encourage entrepreneurship among the economically…
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#Application Process#Benefits of MUDRA Yojana#Collateral-free Loans#Documents Required for MUDRA Loan#Economic Development#Eligibility Criteria#Employment Opportunities#Entrepreneurship#Financial Inclusion#Financial Support#Flexible Repayment Terms#Government Initiative#Kishor#Low-interest Rates#Micro-enterprises#MUDRA Loans#Pradhan Mantri MUDRA Yojana#Self-Sustainability#Shishu#Small Business Financing#Success Stories#Tarun Loans
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MSMEs to unlock new access to sustainable finance.
The UNDP, Global Legal Entity Identifier Foundation and the Monetary Authority of Singapore collaborate to support MSMEs develop Univeral Trusted Credentials for faster access to financing and new market opportunities.
“The Monetary Authority of Singapore, the Global Legal Entity Identifier Foundation and UNDP are launching an initiative to generate digitally enabled sustainability credentials. This is part of a larger effort to develop universal trusted credential for business. This will help them to unlock new access to finance. And it will allow them to better track their sustainability targets”, said Achim Steiner, UNDP Administrator.
“Such collaborations will demonstrate the game-changing potential of technology in revolutionising the way MSMEs, the building blocks of every economy, tackle climate change while simultaneously lowering reporting burdens. In time, we foresee initiatives like Project Greenprint playing a crucial role in supplying verified private market and MSME data to inform global efforts on charting more efficient pathways to a low carbon future”, said Leong Sing Chiong, Deputy Managing Director for Markets and Development of the Monetary Authority of Singapore.
#mediumsizedenterprises#micro enterprises#small enterprises#access to finance#access to markets#united nations development programme#UNDP
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Understanding the Importance of Credit Ratings for SMEs, MSMEs, and Startups in India
In the ever-evolving landscape of the Indian economy, Small and Medium Enterprises (SMEs), Micro, Small and Medium Enterprises (MSMEs), and startups play a pivotal role. These entities not only drive innovation but also create significant employment opportunities and contribute extensively to the GDP. However, one of the fundamental challenges they face is access to capital. This is where the importance of a robust credit rating comes into play.
Why is Credit Rating Crucial?
1. Access to Finance: Credit ratings determine the creditworthiness of a business. A high credit rating reassures lenders of the lower risk involved in extending credit to the business. This can lead to easier access to loans, lower interest rates, and more favorable repayment terms. For SMEs, MSMEs, and startups, which typically face higher scrutiny from financial institutions, a good credit rating can open doors to essential funding.
2. Credibility with Suppliers: A strong credit rating not only helps in securing finance but also enhances the business's credibility in the eyes of suppliers. Companies with better credit ratings can negotiate better credit terms such as longer payment durations and bulk order discounts, which can significantly improve cash flow management.
3. Competitive Advantage: In a market teeming with competition, a good credit rating can serve as a badge of reliability and sound financial health. This can be particularly beneficial in tendering processes where the financial stability of a business is a key consideration.
4. Lower Borrowing Costs: Businesses with higher credit ratings can secure loans at lower interest rates. Lower borrowing costs mean that the business can invest more in its growth and development, improving profitability and sustainability over time. This is especially critical for SMEs, MSMEs, and startups, where financial leverage can determine market positioning and long-term success.
How to Improve Your Credit Rating?
Improving and maintaining a good credit rating requires a strategic approach, including timely repayment of loans, prudent financial management, maintaining a balanced debt-to-income ratio, and regular monitoring of credit reports for any discrepancies.
Need Expert Guidance?
Understanding the nuances of credit ratings and effectively managing them can be complex. This is where expert financial advisory services, such as those offered by Finnova Advisory, come into play. Finnova Advisory specializes in providing tailored financial solutions that cater specifically to the unique needs of SMEs, MSMEs, and startups in India.
Whether you are looking to improve your credit score, secure funding, or streamline your financial strategies, connecting with the experts at Finnova Advisory can provide you with the insights and support you need to thrive in a competitive marketplace.
To learn more about how Finnova Advisory can assist your business in achieving financial excellence, visit their website or reach out directly for a personalized consultation. Remember, a robust credit rating is your gateway to not only securing finance but also establishing a strong foundation for your business's future growth and success.
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China's economy remains a driver of global growth
China's manufacturing purchasing managers' index rose to 49 in June from 48.8 in May, the latest data from the National Bureau of Statistics showed, ending three straight months of decline and another encouraging sign of economic recovery. According to this year's government Work Report, China aims for economic growth of around 5 percent by 2023. China's GDP grew 4.5 percent year on year to 28.5 trillion yuan ($3.97 trillion) in the first quarter of 2023, official data showed. Faced with domestic and international challenges such as weak domestic demand and geopolitical risks, the government has stepped up efforts to boost economic growth. The central bank has cut the one-year interest rate on the medium-term lending facility, a tool to add liquidity to the banking system, by 10 basis points to 2.65 percent. About 237 billion yuan ($33.15 billion) was injected into the market through the operation. We will reduce financing costs for enterprises and increase loans to small and micro businesses. Industries dedicated to technological innovation or key industrial chains will enjoy tailor-made tax and fee cuts, and small taxpayers with monthly sales of less than 100,000 yuan ($13,880) will be exempt from VAT by the end of this year.
#business credit reports
business credit reports supplier
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Unlock the Secrets of Udyam Registration for Partnership Firms
The Udyam Registration, previously known as Udyog Aadhaar Memorandum (UAM), has been a transformative initiative by the Indian government to support and empower micro, small, and medium-sized enterprises (MSMEs). For partnership firms, this registration offers a host of benefits and opportunities.
Update Udyam Certificate: One of the key advantages of Udyam Registration is the ability to Update Udyam Registration online. Business details may change over time, and this feature allows you to keep your registration accurate and up-to-date, reflecting the current state of your partnership firm.
Apply Online for Udyam Partnership Firm: The online application process for partnership firms is user-friendly and efficient. You can easily submit the necessary documents and information online, reducing the time and effort required for registration.
Online Enquiry for Udyam: The digital platform has simplified the process of making inquiries related to Udyam Registration. You can get information, clarification, and assistance regarding the registration process, making it easier to navigate.
Print UAM Registration Online: Once your partnership firm's Udyam Registration is approved, you can conveniently print your Udyam Certificate online. This certificate is not just a document; it's your ticket to a plethora of benefits and opportunities reserved for MSMEs.
Print Udyam Certificate: After successfully obtaining your Udyam Registration, you can print the Udyam Certificate, which serves as proof of your registration. Displaying this certificate can build trust among clients and partners, enhancing your firm's credibility.
Access to Government Schemes: Udyam Registration opens the door to various government schemes and incentives specifically designed for MSMEs. These schemes can provide financial assistance, subsidies, and priority in procurement, giving your partnership firm a competitive edge.
Financial Benefits: Banks and financial institutions often offer preferential treatment to Udyam-registered businesses. This includes easier access to credit facilities and lower interest rates, which can be advantageous for managing finances and expansion.
Global Opportunities: Udyam Registration can also pave the way for international collaborations and exports. Many foreign companies prefer to engage with Udyam-registered Indian businesses, offering the potential for global growth.
Simplified Compliance: Udyam Registration streamlines the compliance process by consolidating various government-related registrations into one. This reduces the administrative burden on your partnership firm.
Competitive Advantage: Displaying your Udyam Certificate on your website and marketing materials can enhance your firm's reputation and attract clients who prefer working with registered MSMEs.
Conclusion
Udyam Registration is a game-changer for partnership firms in India. It offers numerous benefits, ranging from financial advantages to global opportunities. By utilizing online services such as updating your Udyam Certificate, applying online, making online inquiries, and printing your Udyam Certificate, you can unlock the full potential of this registration and take your partnership firm to new heights of success. Don't miss out on the secrets of Udyam Registration; embrace them and witness the transformation in your business.
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Editor's Note: Below is a viewpoint from the Foresight Africa 2023 report, which explores top priorities for the region in the coming year. Read the full chapter on food security.
In Liberia, we hold one truth to be self-evident: If one has not eaten rice on any given day, then one has not eaten. Well, at least that is the conventional theory that has driven food policy and planning for the last 60 years.
Rice is Liberia’s staple food, and our contemporary history has been completely shaped by rice: Its availability on the local market, price, and, to a lesser extent, quality. Since 1979, when government plans to raise tariffs on imported rice caused deadly riots, and eventually a coup d’état, public policy has favored imports over locally produced rice.
Fast forward to 2022, and it’s 4Cs: COVID-19, Climate, Conflict, and Commodity price escalations. Four simultaneous and intensifying shocks, at a time when we have not fully recovered from the previous shock of Ebola.
And here is another incontrovertible truth: Liberians’ dogged reliance on imported food is not sustainable. The looming food security crisis is an opportunity to finally tackle rice availability on three main fronts: Boosting smallholder production; taking agribusiness micro, small, and medium-sized enterprises (MSMEs) to scale; and attracting commercial agri-food enterprises.
Since we have ostensibly been doing just these things for years, now is the time to innovate the “how” of agri-food production. The “innovation” is simple: Enhance what is working, what is familiar and help farmers and businesses to produce more, faster, cheaper—and get surpluses to market. The technologies exist to do this.
Take rice. President Weah has set up a National Rice Stabilization Task Force to ensure constant availability of rice in our markets. We have set a national goal to grow 75 percent of what we consume in four cropping seasons: A 150 percent increase in production over what we are doing now.
In setting these targets, we considered the production realities of our smallholders. Realizing the adoption of yield improving technologies has been poor, and rarely sustained past project-end, we are resolving some of the challenges brought on by limited capital and labor for any given piece of land: Improving weed and pest management on farms; post-harvest processing capacities at village level (to optimize use); and access to markets and digital buying platforms. Couple these with solutions that enhance food and nutrition security, water, and energy at community level.
We work with MSMEs along the value chain to grow or build and service and maintain the seeds, tools, and equipment needed to produce, package, transport, and market rice to urban consumers. The Liberia Agricultural Commercialization Fund is providing critical financing to innovations that service food markets and helping rice processors to scale up operations.
We are building our knowledge base and creating business profiles to attract private investments.
The global food security crisis compels Liberia to draw on its legendary resilience and creativity. We are intentional about getting rice right. And we will.
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MSME Super-app, HostBooks raises $3Million in Series-A Funding from Razorpay; Plans to Strengthen its Product Suite
New Delhi, June 10, 2022: Micro, Small and Medium Enterprise (MSME) focused fintech start-up HostBooks today announced that it has raised $3 Million in a Series-A funding round led by Razorpay, India’s Leading Full-Stack Financial Services Company. HostBooks plans to utilize the fund to not only add new features to its existing product suite but also to develop innovative products including a deep learning-based Business Intelligence System and an AI-based Posting and Recommendation System.
Hostbooks intends to utilize the Series-A funding to further scale its operations and enhance its existing product suite with the launch of new products supporting order management, neo-banking, advanced inventory & production management and AI based business decision making tools to better support its wide customer base in the country. With this, HostBooks will be a step closer to becoming a one-stop shop for all Business and Finance Operations needs of MSMEs in India.
#Razorpay#HostBooksLimited#announced#HostBooks today#accounting#Financial Services#Series-A funding#startupbusiness#msme#msmeregistration#fintech#neobank#erpsoftware#erp#gst#einvoice#software
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The Daily AI™ | Weekly Free Edition
Your Trusted Resource for AI/ML News
Cindy Taylor | AI & Finance™
May 31, 2024
RECEIVE THE DAILY AI 3 TIMES PER WEEK TO YOUR INBOX. SUBSCRIBE NOW
The week was (mainly) upbeat, as conflicts in (both) public and private sectors continued to rule the scene. That said, geopolitical tensions heightened alongside countermoves from nation-states.
Here are the headlines:
OpenAI has a new LLM for schools;
Tech giants are seeking to cut Nvidia’s industry lead;
AI-generated images are coming to WhatsApp;
Google (finally) addressed the hallucination issue (officially);
Plus, Sony Pictures is (reportedly) turning to AI to cut costs;
And much more!
Of course, it’s your Daily AI™!
The DWN AI Index™ Update
The DWN AI Index™ Update
On 5/30/24, the index was (marginally) negative with a -94.98-point change, at -3.28%, to close at 2804.34.
DWN/AI Index™ Individual Stock Closing Prices:
Amazon (AMZN) at $179.32,
Arista Networks (ANET) at $303.67,
C3.ai (AI) at $28.57,
CrowdStrike Holdings (CRWD) at $315.92,
Duolingo (DUOL) at $194.38,
iRhythm Technologies (IRTC) at $88.13,
Microsoft Corporation (MSFT) at $414.67,
NVIDIA Corporation (NVDA) at $1,105.00,
Palantir Technologies (PLTR) at $21.73,
Taiwan Semiconductor Manufacturing (TSM) at $152.96,
Alphabet, Inc. (GOOG) closed at $173.56, while Meta Platforms, Inc. (META) closed at $467.05.
Under the AI Hood
OpenAI
Just as we were all surprised by ChatGPT-4o, OpenAI launched ChatGPT Edu, the academic version of its popular Large Language Model (LLM) series.
ChatGPT Edu enables access to ChatGPT-4o (academically), giving users access to text capabilities, math, and coding. Additionally, users can access the web and have increased capacities than ChatGPT’s free version.
Similarly, Big Four behemoth PwC announced its integration with ChatGPT Enterprise. Also, PwC is the largest user of the model.
Meta/Microsoft/Advanced Micro Devices (AMD)/Broadcom/Nvidia
The industry landscape changed (massively) with the introduction of a new standard from Meta, Microsoft, AMD, and Broadcom (Ultra Accelerator Link). Ultra Accelerator Link is a new standard for AI data centers that challenges Nvidia’s edge in the sector. According to a May 30 Reuters report, the (new) effort establishes open communications between AI accelerators.
Furthermore, other firms involved include Alphabet, Intel, Cisco Systems, and Hewlett-Packard Enterprise.
Google
The ongoing issues with Google AI overviews in search results came to a head. In a May 30 post by the Vice President of Google Search, Liz Reid, the tech giant iterated that things were not as outlandish as the claims on social media platforms made them out to be.
Reid indicated that after rigorous testing, there were a few odd results for “uncommon queries” and that their ecosystems had “information gaps.”
Industry Dive
Meta/WhatsApp
Mobile messaging platform WhatsApp announced the development of new AI image generation features. The new tools are (reportedly) under development and will (soon) be available to everyone.
Similarly, on May 29, Meta revealed its identification of deceptive AI-generated content on Facebook and Instagram in the current Israel-Gaza conflict.
Perplexity AI
Industry unicorn Perplexity AI upped its AI game with a new feature that converts user search queries into shareable web pages. The feature is available for free and paid users on its Arc Search app, and AI text prompts power the conversions.
The US Department of Commerce
The China-America AI spat reached new highs with reports of new US AI chip restrictions. According to a May 30 Bloomberg report, American authorities have (significantly) reduced the issuance rate of AI chip export licenses from chipmakers to Gulf countries, citing Chinese access to Middle Eastern markets.
Additionally, the American Federal Government is (reportedly) conducting a national security regional review per AI.
Everything Else
The Center for Countering Digital Hate (CCDH)
Alarmingly, across the pond in the United Kingdom, the Center for Countering Digital Hate (CCDH) unearthed results from an experiment involving safeguards using AI voice cloning tools.
In the experiment, the CCDH tested six voice cloning tools to create false content of several leaders, including Prime Minister Rishi Sunak and Labor Party chief Sir Keir Starmer.
Additionally, (eighty percent) of the content (reportedly) looked convincing. Only one of the tool’s safeguards remained impenetrable, and the team circumvented others.
Fable Studio
Interestingly, South African-based Fable Studio demonstrated its ability to create content with two series produced by its (new) Showrunner app that allows users to (automatically) create content.
Sony Pictures
Similarly, on May 30, at an investor conference in Japan, Sony Pictures Chief Tony Vinciquerra revealed the Hollywood giant’s shift to AI-generated content to cut costs.
The move follows back-and-forth industry conversations on the use of AI in the movie industry.
Following the Money
The People’s Republic of China
On the other hand, China’s ambitions for AI dominance grew even bolder with the launch of a $47.5 billion chip fund.
According to a May 29 CNBC report, the new fund will (expectedly) focus on local chip manufacturers with the current (ongoing) issues.
Atropos Health
Exactly.ai
We move across the pond to the United Kingdom, where AI-powered illustration platform Exactly.ai raised $4.3 million in seed funding. Additionally, Speedinvest led the round alongside GuruDev Capital, Cornerstone VC, and InReach Ventures.
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The Daily AI™ is a new paid newsletter published every M/W/F from the team at Digital Wealth News™ and AI & Finance™ covering the artificial intelligence ecosystem worldwide. Subscribe today to stay abreast of all the latest news and players in the AI/ML sector.
*Disclaimer**: The information on the Daily AI™ is for general informational and educational purposes only. It is not intended as investment advice and should not be relied upon as a substitute for consultations with qualified professionals familiar with your financial needs. The Daily AI™ does not endorse specific investments, strategies, or financial service firms. The opinions expressed by authors do not necessarily reflect the views of the Daily AI™ or its affiliated brands or entities. Please conduct your (own) research and due diligence, and consult your financial advisor before making investment decisions.
#technology #tech #ai #artificialintelligence #daily #aiartificialintelligence #meta #google #alphabet #sony #sonypictures
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3615&_unique_id=665a1e34c8d2a
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
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Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
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Business, Global - BLOGGER - #Business #Global
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3614&_unique_id=665a1be49289f
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
Source link
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
Source link Google News
Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
The post Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States appeared first on Merchant Business News.
Buy, Sell, Get Informed, Negotiate and Be Happy!
Business, Global
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States - #Business #Global
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3613&_unique_id=665a1be40a232
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
Source link
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
Source link Google News
Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
The post Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States appeared first on Merchant Business News.
Buy, Sell, Get Informed, Negotiate and Be Happy!
Business, Global
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in … Read More
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States - #Business #Global
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3612&_unique_id=665a1be375179
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
Source link
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
Source link Google News
Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
The post Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States appeared first on Merchant Business News.
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Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3611&_unique_id=665a1be2ae6fe
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
Source link
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
Source link Google News
Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
The post Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States appeared first on Merchant Business News.
Buy, Sell, Get Informed, Negotiate and Be Happy!
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Text
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
https://www.merchant-business.com/global-business-network-forum-at-sids4-promotes-innovative-partnerships-for-small-island-developing-states/?feed_id=3610&_unique_id=665a1be212758
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States
The Global Business Network (GBN) Forum, an initiative of the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UNOHRLLS), successfully convened on the margins of the SIDS4 Conference in St. John’s, Antigua from May 25 to 26. This biennial event connected the private sector with Small Island Developing States (SIDS) to foster impactful partnerships and sustainable development.
The GBN Forum featured four thematic sessions:
Strengthening Innovative Blue and Green Economies
Inclusivity for Transformation and Resilience
Building an Enabling Business Environment (co-hosted by the Commonwealth)
Securing Financing and Investment for the Private Sector in SIDS
These sessions concluded with actionable recommendations, forming the agenda for the private sector roundtable at the SIDS4 Conference on May 28. The six-month preparatory process included webinars, consultations, and knowledge sharing to shape the forum’s agenda and guide the SIDS-GBN for the next decade.
Key outcomes from the forum included:
Leveraging private sector innovation to unlock opportunities in blue and green economies, including marine and sustainable fisheries, zero-carbon shipping, and eco-tourism.
Empowering local communities to build resilience and diversify economies, emphasizing partnerships that value cultural context.
Enhancing the business environment by strengthening local chambers of commerce and business associations.
Implementing policies to improve labour conditions, expand markets, and create inclusive platforms for dialogue between governments and the private sector.
Attracting more financing and investment into SIDS, with discussions highlighting the potential of an island investment forum under the Centre of Excellence for SIDS.
During the high-level closing session, United Nations Secretary-General Antonio Guterres emphasised the critical role of the private sector in SIDS.
“SIDS need to leverage private sector investments, expertise, and innovation,” said Guterres. “The dynamic SIDS GBN Forum has mobilised the private sector, providing a platform for fostering innovation, building partnerships, driving accountability, and aligning business practices with the success of SIDS.”
The Commonwealth Secretariat co-hosted Session 3, focusing on crafting an enabling business environment for Micro, Small, and Medium Enterprises (MSMEs). Amelia Kelly, Trade Officer at the Commonwealth Secretariat moderated the session, highlighting the importance of robust policy frameworks and capacity building for local businesses to adapt to global market changes.
“Providing support to training and knowledge sharing for MSMEs to capitalise on the opportunities to gain exposure to new markets and secure investment for sustainable economic growth is a key priority for the Commonwealth”, she said.
Outcomes from the Commonwealth session included:
Recognition of the current business environment in SIDS.
Identification of opportunities for small businesses and youth entrepreneurs.
Sharing strategies for building an enabling business environment.
Insights into effective policy measures for SIDS governments and business support organizations.
Mr. Garfield Joseph, Executive Director of the Antigua and Barbuda Investment Authority, stressed the importance of partnering with the private sector to remain competitive and adapt to technological advancements.
UNOHRLLS remains committed to leveraging the transformative power of the private sector to achieve a sustainable, resilient, and prosperous future for SIDS.
Source link
Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States #Global #Business #Network #Forum #SIDS4 #Promotes #Innovative #Partnerships #Small #Island #Developing #States
Source link Google News
Source Link: https://thecommonwealth.org/news/global-business-network-forum-sids4-promotes-innovative-partnerships-small-island-developing
The post Global Business Network Forum at SIDS4 Promotes Innovative Partnerships for Small Island Developing States appeared first on Merchant Business News.
Buy, Sell, Get Informed, Negotiate and Be Happy!
Business, Global
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