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 | |
|---|---|
| Environment | C |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| 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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