Maldives: Inclusive Micro, Small, and Medium-Sized Enterprise Development Project

Sovereign Project | 43566-013 Status: Active

Summary

ADB is supporting the development of micro, small, and medium-sized enterprises in the Maldives. The project will improve access to finance and fund a new line of credit, expand business development services, and strengthen the legal and institutional framework for enterprise development. It will also enhance the capacity of women micro- and small entrepreneurs.

Latest Project Documents

Consulting Notices See also: CMS

Title Deadline
Economic Development Associate 2 Jul 2016

Procurement Notices See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents


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Project Name Inclusive Micro, Small, and Medium-Sized Enterprise Development Project
Project Number 43566-013
Country Maldives
Project Status Active
Project Type / Modality of Assistance Grant
Loan
Source of Funding / Amount
Grant 0290-MLD: Inclusive Micro, Small, and Medium-Sized Enterprise Development Project
Asian Development Fund US$ 4.45 million
Loan 2867-MLD: Inclusive Micro, Small, and Medium-Sized Enterprise Development Project
Asian Development Fund US$ 2.91 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Industry and trade - Small and medium enterprise development

Gender Equity and Mainstreaming Effective gender mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

-Line of Credit Facility officially launched in January 2014, estimated balance of $0.135m expected to be disbursed within 2016

-Seven business development service centers (BDSCs) now operational, fully staffed with 24 coordinators and trainers in the 6 field offices. Training programs are ongoing, 155 programs for 4,163 participants completed, with women comprising more than half of participants.

- A comprehensive review and gap analysis of SME related laws finalized. MED to support drafting of 4 laws during the project implementation period.

-Secured Transaction Registry and Credit Information Bureau package consultancies in process of engagement

-Audit report submitted for FY2013, FY2014

-Main program management consulting firm contracted, activities now ongoing.

-Consultants for BOLI enhancement contracted, MSME portal currently maintained by project team

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects FI treated as C.
Involuntary Resettlement FI treated as C.
Indigenous Peoples FI treated as C.
Stakeholder Communication, Participation, and Consultation
During Project Design The project will help develop an enabling environment for MSMEs and thus create more business opportunities for MSME in the provinces which leads to employment creation and poverty reduction.
During Project Implementation Related stakeholders' participation and consultation will be ensured during project implementation.

Business Opportunities

Consulting Services All consultants will be recruited according to ADB s Guidelines on the Use of Consultants. Consulting firms will be engaged using the quality- and cost-based selection (QCBS) method. Individual consultants shall be recruited using ADB s Guidelines on the Use of Consulting. The consultancy packages will be used for MSME portal, Judgment Debt Database, and CSC operators under component 3.
Procurement All procurement of goods and works will be undertaken in accordance with ADB s Procurement Guidelines. International competitive bidding (ICB) procedures are to be used for procurement of goods costing $0.5 million or more, and procurement of works, supply, and install contracts costing $1 million or more. National competitive bidding (NCB) procedures shall be used for the procurement of goods below $0.5 million, and procurement of works, supply, and install contracts below $1 million. Shopping will be used for contracts for procurement of works and equipment worth less than $100,000.

Responsible Staff

Responsible ADB Officer Ma. Kristina Hidalgo
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Economic Development (MED)
INFO@TRADE.GOV.MV
Boduthakurufaanu Magu, Male 20125, Republic of Maldives
Ministry of Finance and Treasury
66032EXTRES MF/MINFIN@DHIVEHINET.NET.MV
Ameenee Magu
Republic of the Maldives
Maldives Monetary Authority
Male'
Republic of Maldives

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 21 Mar 2016

Grant 0290-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 May 2012 20 Sep 2012 21 Dec 2012 31 Dec 2016 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 4.45 Cumulative Contract Awards
ADB 4.45 25 May 2012 2.31 0.00 52%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 25 May 2012 2.08 0.00 47%

Loan 2867-MLD

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 May 2012 20 Sep 2012 21 Dec 2012 31 Dec 2016 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 3.61 Cumulative Contract Awards
ADB 2.91 25 May 2012 1.00 0.00 37%
Counterpart 0.70 Cumulative Disbursements
Cofinancing 0.00 25 May 2012 1.41 0.00 52%

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

None currently available.

Related Publications

None currently available.


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.

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