WORLD BANK RFP - "INDONESIA - Access to Islamic Finance for SMEs"

In the current global economic downturn and credit crunch, the rise and importance of Indonesian SMEs are lent further credence by the WORLD BANK's recent RFP titled :-

" INDONESIA - Access to Islamic Finance for SMEs"
( Code: TF 093571 #8038 ).



I supposed the realisation by foreign analysts that

even by concentrating on the domestic markets,

Indonesian SMEs managed to chart growth on a

year-t0-year basis makes a study on this area

compelling! This is coupled with the availability of

deep-pocket Islamic funds from around the world

especially the GCC countries and the fact that with

the re-election of President SBY in July 2009, there is some semblence of political stability.

Note:

Info received from a Consulting company based in South Asia
(via e-mail dated 22nd August 2009)

NO Definition of an ASEAN SME !?

NO definition of ASEAN SME !?

Time is RIPE for the advent of a definition of an ASEAN SME.

( Refer to halalfinancing.blogspot.com )