Exim Bank to channel over RM1bil into 2027 Budget export drive
KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) will channel more than RM1 billion into strategic initiatives under the 2027 Budget 2027 to strengthen Malaysian businesses’ export competitiveness, expand overseas market access and support the transition towards sustainable operations.
Exim Bank of Malaysia will allocate over RM1 billion from the 2027 Budget to bolster Malaysian businesses' export competitiveness and transition towards sustainable operations. The initiatives, mandated by the government, include the RM300 million Local Acceleration and Growth Programme, the RM500 million Export Leap Scheme, and a RM5 million grant under the Malaysia Global Connect GoExport Cover.
The Local Acceleration and Growth Programme aims to provide affordable financing to manufacturers, service providers, and local vendors to expand capacity, improve productivity, and strengthen competitiveness. Meanwhile, the Export Leap Scheme will help Malaysian entrepreneurs and exporters develop capabilities needed to enter new international markets or expand their existing presence, while the MGC GoExport Cover will offer protection against commercial trade risks in new and non-traditional markets.
Exim Bank will also allocate RM400 million through Dana Kelestarian Alam 2.0 to finance low-carbon initiatives, supporting Malaysia's environmental, social, and governance objectives through responsible development financing.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
