Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date
PDS Updated as of 09 Aug 2011

Project Name Private Sector Development (Subprogram II)
Country Sri Lanka
Project/Program Number 36357-012
Status Closed
Geographical Location Sri-Lanka
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector Public sector management
Subsector Economic and Public Affairs Management
Strategic Agendas
Drivers of Change
Gender Equity and Mainstreaming Categories


Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Technical Assistance4248Technical Assistance Special Fund800

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation


Based on the earlier TA and taking into account ongoing reforms in the private sector, in part supported by the PSDP subprogram I, the proposed TA will further enhance the capacity and support for strengthening private sector development on the basis of identified needs as well as assist in the implementation of reforms and removal of barriers to private sector development. The TA will assist in the preparation of subprogram II of the PSDP to further create an enabling environment for private sector development. The TA will prepare the overall design and principal implementation components of subprogram II of the PSDP. The major components of the TA will focus on (i) continuing support to foster a competitive capital market and nonbank financial sector; (ii) reducing the Government's intervention in commercial activities by accelerating the privatization process of SOEs and commercializing government owned assets; (iii) further strengthening corporate governance, to enhance market discipline and to implement international best practices for corporate governance in the public and private sectors; and (iv) supporting deregulation activities and streamline regulations that undermine economic growth.

Project Rationale and Linkage to Country/Regional Strategy

Development Impact

Project Outcome

Description of Outcome
Progress Towards Outcome

Outputs and Implementation Progress

Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2006 Apr 03
Consulting Services
A team of 8 international consultants and 7 domestic consultants will provide a total of 28 person-months of consulting services (14 person-months international, and 14 person-months domestic). The international consultant for the secured transaction analysis will be recruited on an individual basis. Using the simplified format/biodata for technical proposals, a firm will be recruited in accordance with ADB's Guidelines on the Use of Consultants, and other arrangements satisfactory to ADB for the selection of domestic consultants. However, if all the requisite services cannot be provided by a single firm acceptable to ADB, then additional international firms may be engaged to provide one or more of the required services. Deadliner for the submission of EOIs: 06 November 2003
To be determined.
Procurement and Consulting Notices


Concept Clearance 03 Jun 2003
Fact-finding 11 Aug 2003 to 23 Aug 2003
Management Review Meeting
Approval 12 Dec 2003
Last Review Mission


Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Technical Assistance 4248 12 Dec 2003 27 Jan 2004 27 Jan 2004 31 Aug 2004 31 Mar 2005


Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
Cumulative Disbursements

TA Amount (US$ thousand)

Approval Number Approved Amount Revised Amount Total Commitment Uncommitted Balance Total Disbursement Undisbursed Balance
Technical Assistance 4248 800 800 625 175 625 175

Contacts and Update Details

Responsible ADB Officer ()
Responsible ADB Department South Asia Department
Responsible ADB Divisions Public Management, Financial Sector and Trade Division, SARD
Executing Agencies Ministry of Finance and Planning
Mr. Faiz Mohideen


Project Website
List of Project Documents