The Government will merge the Malaysia Export Credit Insurance and Exim Bank to achieve economies of scale. The new entity will assist professionals and contractors venturing overseas.
"The development financial institutions play a vital role in the development of private companies in terms of financing and advisory services," it said.
At the same time, it will restructure two development financial institutions, Bank Industri and Teknologi and Bank Pembangunan and Infrastruktur Malaysia, to make them more focused and avoid duplication.
Source: Business Times (Malaysia)
