37907-014: PAK: SME SECTOR DEVELOPMENT PROGRAM:SME GUARANTEE FACILITY COMPONENT

Project Data Sheet (PDS): Overview


Description

A revolving local currency partial credit guarantee facility (PCG Facility) of up to $60 million equivalent, whereby individual PCGs will be issued to Standard Chartered Bank (SCB) and Citibank which were selected during due diligence to cover up to 50% of the commercial and political risks associated with their portfolios of credits to small and medium-sized enterprises (SMEs) as defined by the State Bank of Pakistan. Under the PCG Facility, uncommitted sub-limits will be given to the two participating banks, which have proven ability and willingness to extend financing credit to SMEs targeted under the PAK: Sector Development Program for SMEs (SME SDP which is being processed by SAGF) and follow prudent credit evaluation and due diligence guidelines acceptable to ADB. This PCG Facility will be anchored by the public sector program loan of the ensuing SME SDP. Read More

Country Pakistan
Borrower/Equity Investment Name SME PCG FACILITY (PAK)
Project Number 37907-014
Project Type or Modality of Assistance PS
TA
Financing Private sector (Nonsovereign)
Status
Approval Numbers 7190
Approval Date 18 Dec 2003
Geographical Location Karachi
Sector Finance
Subsector Small and medium enterprise finance and leasing
Safeguard Categories Environment: FI

Results Delivered

Small and medium-sized enterprise loan accounts opened or end borrowers reached (number) 113

The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.

 

 

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Project Data Sheets (PDS)

Responsible ADB Officer
Veronica John
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
23 Aug 2006

Last PDS Update
14 May 2009

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