The promotion and development of small and medium enterprises (SMEs) was to allow the sector to play a key role in raising Bangladesh's pro-poor economic growth. However, the lack of medium to long-term credit and limited access to market opportunities, technology, expertise, and information relative to larger enterprises were considered constraints to the realization of SMEs full potential. Other constraints were lack of suitable incentives, inefficient and limited outreach of government services, and weak capacity among SME entrepreneurs in managing functional areas of business. Given these, the government focused its efforts to address these constraints. To support the government's initiative, ADB approved on 20 December 2004 the Small and Medium Enterprise Sector Development Program in order to provide support to SMEs and facilitate their growth and development.
This report validates the completion report's assessment of the project. IED overall assessment: Successful