According to a 2018 report, a Bank Negara executive said that SMEs had not utilised the cheap financing provided by the central bank. One of the reasons given for the low take-up rate was that the SMEs were probably unaware of the cheap funds provided by Bank Negara.
IN the 2008 global financial crisis, banks were most affected. Governments in developed nations printed money to save the banks because the financial sector is the heart of the economy.
Without a healthy and robust financial sector, lending would not take place and the economy would grind to a halt.
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