KUALA LUMPUR: Credit Guarantee Corp Bhd (CGC) is confident that its commitment to provide guarantees of up to RM10bil for micro, small and medium enterprises (MSMEs) affected by the Covid-19 pandemic will be achieved by next month.

       Chairman Datuk Mohammed Hussein said that since the reopening of business, which started on Aug 16, 2021, its customers are now entering the phase of recovery.

       He also acknowledged the reality on the ground wherein many MSMEs are still facing difficulties in resuming their businesses and adjusting to the new normal.

       The stark reality is that some businesses may not resume at all, he added. “In moving forward under the National Recovery Plan, new growth sectors for MSMEs will emerge,” he said. — Bernama