However, I am sure that these initiatives made by financial institutions to support firms – formulation and monitoring of corporate turnaround plans, provision of advice on improving financial conditions, and support of firms’ projects through corporate tie-ups and exploration of new markets – will steadily enhance the added value of financial services.
But, I would love to give my grandchildren an alternative mind-set when they complete their schooling and that is the ability and desire (if it is there), to establish their own businesses and work for themselves. Now, more than ever, we are seeing the importance of micro, small and medium enterprises (MSMEs) across the world as extremely important contributors of jobs and economic growth.