Sri Lanka : Small and Medium Enterprise Regional Development Project
By providing access to medium-to long-term funds, a critical market gap, and encouraging the PCBs to proactively seek financing opportunities among regional SMEs, the Small and Medium Enterprise Regional Development Project (SMERDP) seeks to redress existing regional imbalances and enhance the growth and development of regional SMEs. Simultaneously, access to business development services can foster linkages to appropriate technology and target markets. Access to scale economies, equity, and skills can be facilitated through the development of SME value chain clusters.
Project Results
-
966
small and medium-sized enterprise loan accounts opened or end borrowers reached
The results data reported above are limited to ADB's core sectors, as defined under Strategy 2020 and tracked through indicators in the ADB Results Framework. For definitions of results indicators, please see the ADB Results Framework Indicators Definition.
Project Details
-
Project Officer
Ozaki, Mayumi
South Asia Department
Request for information -
Country/Economy
Sri Lanka -
Modality
-
Sector
- Industry and trade
Related Projects
| Project Name | Small and Medium Enterprise Regional Development Project | ||||
| Project Number | 36117-013 | ||||
| Country / Economy | Sri Lanka |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Private sector development |
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| Sector / Subsector | Industry and trade / Small and medium enterprise development |
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| Gender | No gender elements | ||||
| Description | By providing access to medium-to long-term funds, a critical market gap, and encouraging the PCBs to proactively seek financing opportunities among regional SMEs, the Small and Medium Enterprise Regional Development Project (SMERDP) seeks to redress existing regional imbalances and enhance the growth and development of regional SMEs. Simultaneously, access to business development services can foster linkages to appropriate technology and target markets. Access to scale economies, equity, and skills can be facilitated through the development of SME value chain clusters. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | tbd | ||||
| Impact | Reduction in regional inequalities through the accelerated development of regional SMEs thereby enhancing private sector share in economic development. | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Accelerated development of the SME sector outside western province leads to increased output and employment generation |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | 1. Provision of medium- to long term credit by PCBs to regional SMEs and SME clusters 1.1 Access to Credit 2. Strengthening PCB capacity for regional SME lending, risk management, and corporate governance 3. Fostering regional SME bankability |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| 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 | None. |
| Procurement | None. |
| Responsible ADB Officer | Ozaki, Mayumi |
| Responsible ADB Department | South Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SARD |
| Executing Agencies |
Ministry of Finance and Planning Ms. Melanie Gamage [email protected] P.O. Box 277 The Secretariat Building, Colombo 1 Sri Lanka |
| Timetable | |
|---|---|
| Concept Clearance | 29 Aug 2005 |
| Fact Finding | 28 Aug 2006 to 05 Sep 2006 |
| MRM | 30 Jul 2007 |
| Approval | 06 Dec 2007 |
| Last Review Mission | - |
| PDS Creation Date | 19 Oct 2007 |
| Last PDS Update | 19 Oct 2007 |
Loan 2381-SRI
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 06 Dec 2007 | 18 Dec 2007 | 08 Apr 2008 | 30 Jun 2011 | 30 Jun 2012 | 15 Aug 2012 |
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 88.89 | Cumulative Contract Awards | |||
| ADB | 50.00 | 17 Jun 2022 | 40.37 | 0.00 | 100% |
| Counterpart | 38.89 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | 17 Jun 2022 | 40.37 | 0.00 | 100% |
| Status of Covenants | ||||||
|---|---|---|---|---|---|---|
| Category | Sector | Safeguards | Social | Financial | Economic | Others |
| Rating | - | Satisfactory | - | Satisfactory | - | Satisfactory |
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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| Small and Medium Enterprise Regional Development Project | Project/Program Completion Reports | Aug 2013 |
| Small and Medium Enterprise Regional Development Project | Project/Program Administration Manual | May 2008 |
| Small and Medium Enterprise Regional Development Project | Reports and Recommendations of the President | Nov 2007 |
| Regional Small and Medium Enterprise Development Project | Design and Monitoring Frameworks | Jul 2007 |
| Project Agreement for Small and Medium Enterprise Regional Development Project between Asian Development Bank and Commercial Bank of Ceylon Limited DFCC Bank National Development Bank of Sri Lanka PLC Sampath Bank Limited dated 18 December 2007 | Project/Program Agreements | Dec 2007 |
| Loan Agreement for Small and Medium Enterprise Regional Development Project between Democratic Socialist Republic of Sri Lanka and Asian Development Bank dated 18 December 2007 | Loan Agreement (Special Operations) | Dec 2007 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
| Title | Document Type | Document Date |
|---|---|---|
| Sri Lanka: Small and Medium Enterprise Regional Development Project | Validations of Project Completion Reports | Jun 2014 |
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
Contracts Awarded
Procurement Plan
None currently available.