BRICS backs easier finance, trade access for MSMEs; welcomes invoice discounting mechanism study
BRICS nations reaffirmed their commitment to strengthening MSME internationalization. They identified affordable finance as a key constraint for global trade integration. Guiding principles for credit assessment frameworks were welcomed for export-oriented businesses. Innovative financing mechanisms and digital solutions were highlighted for easier trade finance access. The Jaipur Consensus to study an Invoice Discounting Mechanism was also welcomed.
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