Sri Lanka: Small and Medium Enterprise Regional Development Project
Validates the completion report’s assessment of the project, which aimed to improve access to credit and to catalyze the development of SME value-chain clusters that will provide linkages to information, technology, and markets in Sri Lanka. IED overall assessment: Successful.
The Sri Lankan government has recognized the need to promote the development of regional small and medium-sized enterprises (SMEs) that foster economic growth and reduce regional inequalities, generating jobs and raising income for a large segment of the population.
Despite its importance, access to credit, particularly for medium to long term, was a key constraint. The lack of access to credit was greater in provinces outside the Western Province where only 40% of the demand was met. Access to finance was even more difficult for start-up SMEs. On 6 December 2007, the Small and Medium Enterprise Regional Development Project was approved to accelerate the development of SMEs outside the Western Province (regional SMEs) by providing a credit facility for on lending to SMEs.The project was to improve access to credit and to catalyze the development of SME value-chain clusters that will provide linkages to information, technology, and markets.
This report validates the completion report of the project. IED overall assessment: Successful.
- Project Basic Data
- Project Description
- Evaluation of Performance and Ratings
- Other Performance Assessments
- Overall Assessment, Lessons, and Recommendations
- Other Considerations and Follow-up