Sri Lanka: Rural Finance Sector Development

Sovereign Project | 34320-012

Latest Project Documents

Title Document Date
Rural Finance Sector Development Project Aug 2001

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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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.

Project Name Rural Finance Sector Development
Project Number 34320-012
Country Sri Lanka
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 3707-SRI: Rural Finance Sector Development
Japan Special Fund US$ 550,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming
Description The objective of the TA is to prepare a project to support the Government's efforts to reduce poverty and promote private sector investments - rural and agro-based enterprises. The TA will assist the Government in creating an enabling policy environment for sustainable rural finance and identify and introduce institutional reforms essential to improve the supply of sustainable rural financial services to the rural areas. The scope of the TA will include: (i) examination of the need and recommendation for the rationalization of rural financial institutions (RFIs); (ii) review of existing legal and regulatory framework for RFIs and recommendation for a framework for sustainable RFIs; (iii) development of a holistic framework which addresses financial services as well as, business support services; (iv) identification of measures requiring financial intervention, to improve post-harvest activities and marketing; and (v) suggest how financial intervention can promote land consolidation, crop diversification, and non-farm IGA towards increasing agriculture productivity.
Project Rationale and Linkage to Country/Regional Strategy
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Rural areas
Safeguard Categories
Environment B
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services About 12 person-months of international and 14 person-months of domestic consulting services will be needed. The international consultants will be experts in financial institutions and policy, legal aspects of financial institutions, micro and small business, management information and information and communication technology systems, and economic and financial analyses. The domestic consultants will have expertise in rural sociology, bank accounting and auditing, bank inspection and supervision, and laws relating to bank and nonbank financial institutions. A consulting firm will be engaged in accordance with ADB's Guidelines on the Use of Consultants and other arrangements satisfactory to ADB for engaging domestic consultants.
Procurement To be determined.
Responsible ADB Officer Maurice A. De Alwis
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
The Central Bank of Sri Lanka
Mrs. C. K. Nanayakkara, Director
Equity II Bldg, No. 61 Janadhipathi Mawatha P.O. Box 590, Colombo 1 Sri Lanka
Concept Clearance 09 Mar 2000
Fact Finding 02 Mar 2001 to 17 Mar 2001
Approval 24 Aug 2001
Last Review Mission -
Last PDS Update 24 Jul 2009

TA 3707-SRI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
24 Aug 2001 05 Nov 2001 05 Nov 2001 31 May 2002 30 Apr 2004 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
550,000.00 0.00 0.00 0.00 0.00 0.00 550,000.00 24 Aug 2001 549,998.72
Title Document Type Document Date
Rural Finance Sector Development Project Technical Assistance Reports Aug 2001

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.