Second Private Sector and Small and Medium-Sized Enterprises Development Program - Subprogram 1

Date: September 2011
Country:
Subject:
Governance and public sector management; Industry and trade; Private sector
Document Type: Reports and Recommendations of the President
Project Number: 44057-012

Description

Report and recommendation of the President to the Board of Directors describing terms and conditions proposed for the Second Private Sector and Small and Medium-Sized Enterprises (SMEs) Development Program - Subprogram 1 in the Lao People's Democratic Republic, for the approval of the Board of Directors of ADB.

The impact of the program will be to achieve expansion of the formal SME sector. The benchmark will be expanding the number of registered SMEs by 100% based on the baseline number at the end of 2009. The outcome of the program will be to improve the business environment for SMEs. This will be measured by the percentage of newly registered entrprises reporting that operating licenses to start a business were obtained in less than 15 days; the program will target to increase the percentage by 5% by 2013. The program will also aim to increase the percentage of registered SMEs owned by women to 48%.