Thailand proposes financing facility for ASEAN SMEs

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Thailand has proposed to set up an ASEAN Small and Medium Enterprises (SMEs) Recovery Facility for post-Covid-19 recovery in the region. In a statement, the Ministry of Foreign Affairs (MFA) said Deputy Prime Minister and Foreign Minister Don Pramudwinai put forward the proposal when joining the 53rd ASEAN Foreign Ministers' Meeting (AMM-53) via video conference from Bangkok on Wednesday. “The Deputy Prime Minister proposed setting up an ASEAN SMEs Recovery Facility as a new financing facility for the post-Covid-19 recovery and revival of SMEs in the region,” it said. The AMM-53 and related meetings kicked-off yesterday until Saturday, with discussions on Covid-19 set to be one of the main agendas together with the preparation for the 37th ASEAN Summit and Related Summits in November. The meeting was chaired by Vietnam’s Deputy Prime Minister and Foreign Affairs Minister, Pham…