Bangladesh: SME Sector Development (Program Loan)

Sovereign Project | 35225-013 Status: Closed

Summary

The objective of SMESDP is to support government efforts to foster development of the SME sector by strengthening the policy environment for SMEs and improving SMEs' access to credit and related services. This will enable the sector to attain its full potential for contributing to sustainable economic growth and, through generation of employment, the reduction in poverty.

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Project Name SME Sector Development (Program Loan)
Project Number 35225-013
Country Bangladesh
Project Status Closed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 2148-BAN: SME Sector Development (Program Loan)
Asian Development Fund US$ 15.00 million
Loan 2149-BAN: SME Sector Development (Project Loan)
Asian Development Fund US$ 30.00 million
Loan 2150-BAN: SME Sector Development (TA Loan)
Asian Development Fund US$ 5.00 million
Loan: SME Sector Development (Program Loan)
World Bank US$ 10.00 million
TA 4507-BAN: Support Program Implementation and Coordination of SMESDP
Technical Assistance Special Fund US$ 600,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Industry and trade - Small and medium enterprise development

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The objective of SMESDP is to support government efforts to foster development of the SME sector by strengthening the policy environment for SMEs and improving SMEs' access to credit and related services. This will enable the sector to attain its full potential for contributing to sustainable economic growth and, through generation of employment, the reduction in poverty.
Project Rationale and Linkage to Country/Regional Strategy

tbd

The national poverty reduction strategy of Bangladesh reconizes that reducing income poverty will require more concerted and intensified effort. Poverty reduction target is more than 3% per year, that was 1.5% during 1990s. Accordingly, Government's priority is to accelerate and expand a sustainable SME sector for pro-poor economic growth and empoyment generation.

Impact Accelerate development of SME sector and enable SMEs to attain their full potential for contributing to sustainable economic growth and poverty reduction.

Project Outcome

Description of Outcome Enhanced growth of commercially viable SMEs and increased employment in the SME sector;
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. SME policy and development framework

2. Institutional structure and mechanisms to implement the SME development strategy.

3. Action program to support SME development strategy

4. Rationalized government assistance to SMEs

5. Tax and Incentives

6. Improved SME access to business support services and government assistance

7. Business registry of establishments used for 2001-2003 Census of Nonfarm Economic Activities will be used for sampling frame for surveys of SMEs and development of SME database.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nationwide

Safeguard Categories

Environment FI
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 N/R
Procurement N/R

Responsible Staff

Responsible ADB Officer Zillur Rahman
Responsible ADB Department South Asia Department
Responsible ADB Division Bangladesh Resident Mission
Executing Agencies
Ministry of Finance
Mr. Amalendu Mukharjee
Bangladesh Secretariat, Dhaka, Bangladesh
Finance Division, MOF (EA)
Mr. Molla Mansur Ahmed
MONWARA@ERD.GOV.BD
Bangladesh Secretariat, Dhaka-1000
Bangladesh

Timetable

Concept Clearance 02 Mar 2003
Fact Finding 29 Feb 2004 to 10 Mar 2004
MRM 16 Jul 2004
Approval -
Last Review Mission -
PDS Creation Date 13 Nov 2006
Last PDS Update 16 Jan 2011

Loan 2148-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2004 26 Jan 2005 20 Jun 2005 31 Dec 2007 31 Dec 2008 21 Jun 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 25.00 Cumulative Contract Awards
ADB 15.00 20 Dec 2004 15.64 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 10.00 20 Dec 2004 15.64 0.00 100%

Loan 2149-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2004 26 Jan 2005 20 Jun 2005 31 Dec 2010 - 21 Jun 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 30.00 Cumulative Contract Awards
ADB 30.00 20 Dec 2004 29.49 0.00 98%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 20 Dec 2004 30.23 0.00 100%

Loan 2150-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2004 26 Jan 2005 20 Jun 2005 30 Jun 2008 30 Jun 2010 29 Nov 2010
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.00 Cumulative Contract Awards
ADB 5.00 20 Dec 2004 3.18 0.00 99%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 20 Dec 2004 3.22 0.00 100%

TA 4507-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2004 12 Jul 2005 12 Jul 2005 31 Dec 2007 30 Jun 2009 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
600,000.00 0.00 0.00 0.00 0.00 0.00 600,000.00 20 Dec 2004 542,418.65
Title Document Type Document Date
Small and Medium Enterprise Sector Development Program Project/Program Completion Reports Aug 2011
Support Program Implementation and Coordination of SME Sector Development Program TA Completion Reports Jun 2009
Small and Medium Enterprise Sector Development Program Consultants' Reports May 2009
Loan 2149-BAN: Small and Medium Enterprise Sector Development Program Project/Program Administration Manual Sep 2005
Loan 2150-BAN: Small and Medium Enterprise Sector Development Program Project/Program Administration Manual Sep 2005
Loan 2148-BAN: Small and Medium Enterprise Sector Development Program Project/Program Administration Manual Sep 2005
Small and Medium Enterprise Sector Development Program Reports and Recommendations of the President Nov 2004

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.

None currently available.

Evaluation Documents See also: Independent Evaluation

Title Document Type Document Date
Bangladesh: Small and Medium Enterprise Sector Development Program Validations of Project Completion Reports Nov 2013

Related Publications

None currently available.


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