Sri Lanka: Small and Medium Enterprise Regional Development Project

Sovereign Project | 36117-013

Summary

By providing access to medium-to long-term funds, a critical market gap, and encouraging the PCBs to proactively seek financing opportunities among regional SMEs, the Small and Medium Enterprise Regional Development Project (SMERDP) seeks to redress existing regional imbalances and enhance the growth and development of regional SMEs. Simultaneously, access to business development services can foster linkages to appropriate technology and target markets. Access to scale economies, equity, and skills can be facilitated through the development of SME value chain clusters.

Latest Project Documents

Project Results

 

966

small and medium-sized enterprise loan accounts opened or end borrowers reached


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Project Name Small and Medium Enterprise Regional Development Project
Project Number 36117-013
Country Sri Lanka
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2381-SRI: Small and Medium Enterprise Regional Development Project
Asian Development Fund US$ 50.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change
Sector / Subsector Industry and trade - Small and medium enterprise development
Gender Equity and Mainstreaming
Description By providing access to medium-to long-term funds, a critical market gap, and encouraging the PCBs to proactively seek financing opportunities among regional SMEs, the Small and Medium Enterprise Regional Development Project (SMERDP) seeks to redress existing regional imbalances and enhance the growth and development of regional SMEs. Simultaneously, access to business development services can foster linkages to appropriate technology and target markets. Access to scale economies, equity, and skills can be facilitated through the development of SME value chain clusters.
Project Rationale and Linkage to Country/Regional Strategy tbd
Impact Reduction in regional inequalities through the accelerated development of regional SMEs thereby enhancing private sector share in economic development.
Project Outcome
Description of Outcome Accelerated development of the SME sector outside western province leads to increased output and employment generation
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Provision of medium- to long term credit by PCBs to regional SMEs and SME clusters

1.1 Access to Credit

2. Strengthening PCB capacity for regional SME lending, risk management, and corporate governance

3. Fostering regional SME bankability

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location SMEs located outside the urbanized western province (Colombo, Gampaha, and Kalutara districts)
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
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 None.
Procurement None.
Responsible ADB Officer Mayumi Ozaki
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and PlanningUPALI@ERD.GOV.LKP.O. Box 277
The Secretariat Building, Colombo 1
Sri Lanka
Timetable
Concept Clearance 29 Aug 2005
Fact Finding 28 Aug 2006 to 05 Sep 2006
MRM 30 Jul 2007
Approval 06 Dec 2007
Last Review Mission -
PDS Creation Date 19 Oct 2007
Last PDS Update 19 Oct 2007

Loan 2381-SRI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2007 18 Dec 2007 08 Apr 2008 30 Jun 2011 30 Jun 2012 15 Aug 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 88.89 Cumulative Contract Awards
ADB 50.00 06 Dec 2007 40.37 0.00 100%
Counterpart 38.89 Cumulative Disbursements
Cofinancing 0.00 06 Dec 2007 40.37 0.00 100%
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating - Satisfactory - - - -

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation
Title Document Type Document Date
Sri Lanka: Small and Medium Enterprise Regional Development Project Validations of Project Completion Reports Jun 2014

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