In July, we began discussing topics associated with the review at regularly scheduled FOMC meetings. We will continue reporting on our discussions in the minutes of FOMC meetings and will share our conclusions with the public when we conclude the review later this year.5 Thank you very much for your time and attention.
The purpose of this initiative is to ensure the credit risk is shared by the Facility and the participating financial institutions so that the institutions can be encouraged to make loans available to MSMEs. Other components of the program include Financial, Business and market information advisory, innovation hub and strategic partnerships – all mostly to address and enhance demand-side of MSME financial access.