The International Monetary Fund (IMF) has inaugurated an Advisory Council on Entrepreneurship and Growth, aimed at enhancing global economic development through strategic macroeconomic and financial policies. According to an IMF Press Centre stat… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader IMF launches Advisory Council on Entrepreneurship and Growth to drive global economic development By sbinsights on March 30, 2025 The International Monetary Fund (IMF) has inaugurated an Advisory Council on Entrepreneurship and Growth, aimed at enhancing global economic development through strategic macroeconomic and financial policies. According to an IMF Press Centre statement, the council will provide insights on fostering entrepreneurship, boosting productivity, and stimulating private sector-led growth across its 191 member countries. IMF Managing Director Kristalina Georgieva, who convened the inaugural meeting on Thursday, highlighted that the global economic growth outlook is at its lowest in decades, largely due to declining productivity. She stressed the need for policies that drive innovation, resource allocation, and business expansion. Read also The Advisory Council includes global business leaders, economists, and policymakers, such as: Tony Elumelu (Founder & Chairman, Heirs Holdings) Marc Benioff (Chair, CEO & Co-Founder, Salesforce) Ana Botín (Executive Chair, Banco Santander) Natarajan Chandrasekaran (Chairman, Tata Group) Robert Smith (Founder, Chairman & CEO, Vista Equity Partners) Margherita Della Valle (CEO, Vodafone Group) Federico Sturzenegger (Argentine Minister of Deregulation and State Transformation) The Council will meet quarterly under Chatham House rules to provide policy recommendations, shaping the IMF's agenda on macroeconomic stability, innovation, and long-term growth. For small businesses, this initiative could lead to improved access to funding, regulatory support, and economic policies that foster a more entrepreneurial-friendly environment worldwide.

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The Oyo State Government has announced plans to host the 2025 International Trade Fair, EXPOYO 2025, aimed at promoting economic growth and showcasing the state's agricultural potential. According to Hon. Adeniyi Adebisi, Commissioner for Investmen… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Oyo State to host EXPOYO 2025 to boost economic growth By sbinsights on March 30, 2025 The Oyo State Government has announced plans to host the 2025 International Trade Fair, EXPOYO 2025, aimed at promoting economic growth and showcasing the state's agricultural potential. According to Hon. Adeniyi Adebisi, Commissioner for Investment, Trade, Cooperatives, and Industry, the trade fair will take place at the Permanent Trade Fair Complex in Sango, Ibadan, from April 4 to April 11, 2025. With the theme "Achieving Food Security and Economic Stability in Oyo State through Massive Investment in Agriculture," the event is being organized in partnership with the Oyo State Council of Chamber of Commerce, Industry, Mines and Agriculture (OYCCIMA). Adebisi emphasized that EXPOYO 2025 will serve as a platform for industries, SMEs, farmers, and professional groups to showcase their products and services, ultimately empowering local businesses and fostering entrepreneurship. Read also Chairman of the Planning Committee, ESV. Niran Adewoyin, noted that the fair will attract international exhibitors and investors, particularly from China and other West African nations, creating opportunities for strategic partnerships and business expansion. The Permanent Secretary, Ministry of Investment, Trade, Cooperatives, and Industry, Mr. Olajide Okesade, reaffirmed the government's commitment to supporting entrepreneurs and encouraged business owners to take advantage of the fair to network, secure trade deals, and enhance their value chains. For small businesses, EXPOYO 2025 presents a unique opportunity to connect with international markets, showcase innovative products, and explore new trade agreements that can drive sustainable economic growth.

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Indian and U.S. officials have made significant progress toward a bilateral trade agreement following a series of negotiations held in New Delhi from March 26-29. The discussions, led by India's Commerce Ministry and a U.S. delegation headed b… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader India and U.S. advance bilateral trade talks, aim for agreement by fall By sbinsights on March 30, 2025 Indian and U.S. officials have made significant progress toward a bilateral trade agreement following a series of negotiations held in New Delhi from March 26-29. The discussions, led by India's Commerce Ministry and a U.S. delegation headed by Brendan Lynch, Assistant U.S. Trade Representative for South and Central Asia, focused on strengthening trade and investment ties between the two nations. Both sides are working towards signing the first phase of the trade agreement by fall 2025, with India seeking an exemption from upcoming reciprocal tariffs that the U.S. is set to impose on multiple trading partners from April 2. A joint statement highlighted the commitment to expanding bilateral trade and investment, with sector-specific expert engagements scheduled to continue virtually before an in-person negotiation round. Read also The discussions build on commitments made during Prime Minister Narendra Modi's visit to Washington last month, where India pledged to increase purchases of U.S. energy and defense products. Both countries have set a $500 billion bilateral trade target by 2030. With the U.S. currently facing a $45.6 billion trade deficit with India, Washington has pushed for lower tariffs on agricultural goods, alcoholic beverages, and automobiles, along with increased market access for U.S. companies. India's average tariff of 12% remains significantly higher than the U.S. trade-weighted average of 2.2%. For small businesses in both countries, a revised trade framework could mean lower trade barriers, improved export opportunities, and greater market access, fostering economic growth and innovation.

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