Project Name Private Sector Development (Subprogram II)
Project Number 36357-012
Country Sri Lanka
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4248-SRI: Private Sector Development (Subprogram II)
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Public sector management - Economic affairs management

Gender Equity and Mainstreaming No gender elements

Based on the earlier TA and taking into account ongoing reforms in the private sector, in part supported by the PSDP subprogram I, the proposed TA will further enhance the capacity and support for strengthening private sector development on the basis of identified needs as well as assist in the implementation of reforms and removal of barriers to private sector development. The TA will assist in the preparation of subprogram II of the PSDP to further create an enabling environment for private sector development.

The TA will prepare the overall design and principal implementation components of subprogram II of the PSDP. The major components of the TA will focus on (i) continuing support to foster a competitive capital market and nonbank financial sector; (ii) reducing the Government's intervention in commercial activities by accelerating the privatization process of SOEs and commercializing government owned assets; (iii) further strengthening corporate governance, to enhance market discipline and to implement international best practices for corporate governance in the public and private sectors; and (iv) supporting deregulation activities and streamline regulations that undermine economic growth.

Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Sri-Lanka

Safeguard Categories

Environment B
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

A team of 8 international consultants and 7 domestic consultants will provide a total of 28 person-months of consulting services (14 person-months international, and 14 person-months domestic). The international consultant for the secured transaction analysis will be recruited on an individual basis. Using the simplified format/biodata for technical proposals, a firm will be recruited in accordance with ADB's Guidelines on the Use of Consultants, and other arrangements satisfactory to ADB for the selection of domestic consultants. However, if all the requisite services cannot be provided by a single firm acceptable to ADB, then additional international firms may be engaged to provide one or more of the required services.

Deadliner for the submission of EOIs: 06 November 2003

Procurement To be determined.

Responsible Staff

Responsible ADB Officer Barbara G. Ericsson
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and Planning
Mr. Faiz Mohideen
P.O. Box 277 The Secretariat Building, Colombo 1 Sri Lanka


Concept Clearance 03 Jun 2003
Fact Finding 11 Aug 2003 to 23 Aug 2003
Approval 12 Dec 2003
Last Review Mission -
Last PDS Update 14 Feb 2008

TA 4248-SRI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
12 Dec 2003 27 Jan 2004 27 Jan 2004 31 Aug 2004 31 Mar 2005 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 0.00 0.00 0.00 0.00 800,000.00 12 Dec 2003 624,715.09

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