Sri Lanka: SRI: PROPOSED CREDIT ENHANCEMENT (CEF) for PRIVATE SECTOR ENT.

Nonsovereign Project | 32907-014 Status: Approved

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Project Name SRI: PROPOSED CREDIT ENHANCEMENT (CEF) for PRIVATE SECTOR ENT.
Project Number 32907-014
Borrower/Company DEVELOPMENT FINANCE CORPORATION OF CEYLON
Country Sri Lanka
Location _Colombo
Approval Number 7149/1629
Type or Modality of Assistance
7149/1629 Loan US$ 5.00 million Approved
Strategic Agendas
Drivers of Change
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Capital Markets and Financial Sectors Division
Responsible ADB Officer ADB Disclosure
Project Sponsor(s)
Description The rationale for CEF stems from the need to address constraints in raising long-term debt by private enterprises in Sri Lanka. CEF would allow a local financial institution to borrow from international capital markets to meet some of the demand for long-term funds of private enterprises in the country.It would help enlarge the supply of long-term funds and develop the debt market by creating more supply of securities.
Objectives and Scope
Linkage to Country/Regional Strategy

Safeguard Categories

Environment C
Involuntary Resettlement
Indigenous Peoples

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Timetable for assistance design, processing and implementation

Concept Clearance -
Due Diligence
Credit Committee Meeting 20 Oct 1997
Approval 08 Sep 1998
PDS Creation Date 29 Aug 2006
Last PDS Update 29 Aug 2006

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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