The objective of the TA is to prepare a project to support the Government's efforts to reduce poverty and promote private sector investments - rural and agro-based enterprises. The TA will assist the Government in creating an enabling policy environment for sustainable rural finance and identify and introduce institutional reforms essential to improve the supply of sustainable rural financial services to the rural areas.
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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The objective of the TA is to prepare a project to support the Government's efforts to reduce poverty and promote private sector investments - rural and agro-based enterprises. The TA will assist the Government in creating an enabling policy environment for sustainable rural finance and identify and introduce institutional reforms essential to improve the supply of sustainable rural financial services to the rural areas. The scope of the TA will include: (i) examination of the need and recommendation for the rationalization of rural financial institutions (RFIs); (ii) review of existing legal and regulatory framework for RFIs and recommendation for a framework for sustainable RFIs; (iii) development of a holistic framework which addresses financial services as well as, business support services; (iv) identification of measures requiring financial intervention, to improve post-harvest activities and marketing; and (v) suggest how financial intervention can promote land consolidation, crop diversification, and non-farm IGA towards increasing agriculture productivity.
Project Rationale and Linkage to Country/Regional Strategy
Description of Outcome
Progress Toward Outcome
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Summary of Environmental and Social Aspects
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
About 12 person-months of international and 14 person-months of domestic consulting services will be needed. The international consultants will be experts in financial institutions and policy, legal aspects of financial institutions, micro and small business, management information and information and communication technology systems, and economic and financial analyses. The domestic consultants will have expertise in rural sociology, bank accounting and auditing, bank inspection and supervision, and laws relating to bank and nonbank financial institutions. A consulting firm will be engaged in accordance with ADB's Guidelines on the Use of Consultants and other arrangements satisfactory to ADB for engaging domestic consultants.
To be determined.
Responsible ADB Officer
Maurice A. De Alwis
Responsible ADB Department
South Asia Department
Responsible ADB Division
Public Management, Financial Sector and Trade Division, SARD
The Central Bank of Sri Lanka Mrs. C. K. Nanayakkara, Director [email protected] Equity II Bldg, No. 61 Janadhipathi Mawatha P.O. Box 590, Colombo 1 Sri Lanka