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

Nonsovereign Project | 32907-014

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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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