BI pushes MSMEs to join business ecosystems for stronger market access
Indonesia, Sept. 20 -- Deputy Governor of Bank Indonesia (BI) Thomas A.M. Djiwandono stated that the central bank is actively encouraging micro, small, and medium enterprises (MSMEs) to grow within business ecosystems to strengthen their access to markets.
Speaking in Bandarlampung, Lampung, on Friday, he said that to support sustainable economic growth, BI continues to promote more productive and competitive MSMEs through three strategies: business clustering, capacity building, and expanded access to financing.
He explained that through business clustering, MSMEs are encouraged to move away from operating individually and instead become part of stronger business ecosystems by expanding their market reach, forming clusters, and integra...
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