The rationale for CEF stems from the need to address constraints in raising long-term debt by private enterprises in Sri Lanka. CEF would allow a local financial institution to borrow from international capital markets to meet some of the demand for long-term funds of private enterprises in the country.It would help enlarge the supply of long-term funds and develop the debt market by creating more supply of securities.
Project Name | SRI: PROPOSED CREDIT ENHANCEMENT (CEF) for PRIVATE SECTOR ENT. | ||||||||
Project Number | 32907-014 | ||||||||
Borrower/Company | |||||||||
Country | Sri Lanka |
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Location | _Colombo | ||||||||
Type or Modality of Assistance |
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Strategic Agendas | |||||||||
Drivers of Change | |||||||||
Sector / Subsector | Finance / Banking systems and nonbank financial institutions |
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Gender Equity and Mainstreaming | |||||||||
Responsible ADB Department | Private Sector Operations Department | ||||||||
Responsible ADB Division | Capital Markets and Financial Sectors Division | ||||||||
Responsible ADB Officer | ADB Disclosure | ||||||||
Project Sponsor(s) | |||||||||
Description | The rationale for CEF stems from the need to address constraints in raising long-term debt by private enterprises in Sri Lanka. CEF would allow a local financial institution to borrow from international capital markets to meet some of the demand for long-term funds of private enterprises in the country.It would help enlarge the supply of long-term funds and develop the debt market by creating more supply of securities. | ||||||||
Objectives and Scope | |||||||||
Linkage to Country/Regional Strategy |
Safeguard Categories | |
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Environment | C |
Involuntary Resettlement | |
Indigenous Peoples |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation |
Timetable for assistance design, processing and implementation | |
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Concept Clearance | - |
Credit Committee Meeting | 20 Oct 1997 |
Approval | 08 Sep 1998 |
PDS Creation Date | 29 Aug 2006 |
Last PDS Update | 29 Aug 2006 |
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