Kuala Lumpur, Malaysia 12 June 2023 – Export-Import Bank of Malaysia Bhd today unveiled its EXIM Go-Export Financing (GEFP) programme that provides financing to small and medium enterprises (SMEs) and corporate clients, enabling them to invest and grow in the areas of export development, green technology and supply chain ecosystem.
GEFP comprises three programmes known as EXIM Go-SMExport, Go-Export ACE, and Go-Export GreenTech. Seen as a catalyst for businesses, these financing programmes will enable SMEs and corporate clients to grow their businesses, obtain funds for cashflow requirements, or expand in strategic green-tech and other tech sectors.
Both EXIM Go-Export Green Technology and Go-SMExport have a financing cap of RM10 million. No upfront fee is required and there will also be a double deduction tax relief for Trade Credit protection. As for the Go-Export ACE, there is a cumulative funding limit of up to RM100 million for your vendors. General eligibility requirements are such as being incorporated in Malaysia under the Companies Act / Partnership Act, and a minimum of three years in operation.
Minister Of Investment, Trade and Industry Tengku Zafrul Aziz said, “The fast- changing global landscape requires SMEs to be agile and responsive to key themes such as ESG and IR4.0. As SMEs form the backbone of our economy, they deserve all possible support to make them future-ready. EXIM’s financing for export development, green technology and supply chain ecosystem are welcome solutions to SMEs’ most common challenges. When our SMEs are better equipped to take on the challenges related to funding, tech adoption and ESG, they will not only secure their growth path, but also become more resilient for global supply and value chains.”
EXIM Go-SMExport is created to support and strengthen SMEs’ production capacity and capabilities to enter the global market, while Go-Export Anchor Company Ecosystem (ACE) is a supply chain solution to facilitate anchor companies in building and maintaining a resilient ecosystem and improve business continuity of their supplier and vendors.
Vendors get quick access to funds and anchor companies enjoy greater flexibility in credit terms. EXIM Go-SMExport and Go-Export ACE are open to all sectors, particularly electrical and electronics, digital economy, pharmaceutical, aerospace and chemicals, in line with Malaysia’s National Investment Aspirations and New Investment Policy.
EXIM Go-Export Green Technology (GreenTech), on the other hand, is a comprehensive, sustainability-driven financing programme designed to help exporters grow by investing in strategic sectors such as automation, digital tech, green tech and biotech.
EXIM Bank also offers a takaful protection scheme to help Bumiputera exporters expand their markets and protect them from the risk of unpaid credit. Through collaboration with TERAJU, the contribution for this takaful policy will be subsidised for eligible Bumiputera companies. This is yet another initiative by EXIM to encourage the global expansion of Bumiputera companies.
At the programme launch, EXIM Bank also formalised its collaboration with Etiqa General Takaful Bhd and Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) through the signing of two Memorandum of Understanding (MoU).
The first MoU with Etiqa General Takaful Bhd is to strengthen the cross-selling of general takaful products and financing activities to promote domestic and export-oriented production.
The MoU with SJPP, on the other hand, is to strengthen their existing collaboration in implementing financing facilities, and guarantee schemes on domestic and export-oriented propositions, including programmes related to financing, guarantees or advisory.
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