Credit Rating Agency of Bangladesh Ltd. (CRAB) and IPDC Finance PLC have signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at supporting the Cottage, Micro, Small and Medium Enterprise (CMSME) sector.
The MoU was signed at a ceremony on Tuesday by Rizwan Dawood Shams, Managing Director and CEO of IPDC Finance PLC, and Shams Azad, Managing Director and CEO of CRAB, in the presence of senior officials from both organisations.
Under the partnership, the two organisations will explore new opportunities for market development initiatives targeting the CMSME segment.
The collaboration is expected to contribute to the growth and development of small businesses by promoting greater access to financial services and strengthening support mechanisms for entrepreneurs.