The TA will support Exim Bank in drafting and implementing a strategy for strengthening its role as the lead trade development agency in the region.
|Project Name||Small and Medium Enterprise Trade Finance Development Facility (p/b to NSP 41930-01)|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance - Small and medium enterprise finance and leasing
|Gender Equity and Mainstreaming|
|Description||The TA will support Exim Bank in drafting and implementing a strategy for strengthening its role as the lead trade development agency in the region.|
|Project Rationale and Linkage to Country/Regional Strategy||The TA will help strengthen Exim Bank's role as the lead development agency for export finance, thereby facilitating private sector entry into the export markets.|
|Impact||The capacity development technical assistance for the trade finance development facility will support Exim Bank in drafting and implementing a strategy for positioning the bank over the next 5 years.|
|Description of Outcome||The TA will help strengthen Exim Bank's role as the lead development agency for export finance, thereby facilitating private sector entry into the export markets.|
|Progress Toward Outcome||Exim Bank's role as lead development agency for export finance strengthened through the TA's support in undertaking a review of its business models along with ensuring compliance to environmental and social responsibility requirements.|
|Description of Project Outputs||
Critical parameters of the strategy are as follows:
(i) targeting SME export markets, especially in developing countries where India is well positioned;
(ii) identifying the financing needs and risks of global value chains originating from India;
(iii) assessing the suitability of Exim Bank products;
(iv) developing approaches to leveraging resources through structured financing involving the structuring of risk layers to be borne by the Government (first loss, junior debt), Exim Bank (mezzanine debt), and private finance (senior debt), as well as the phasing in of Basel II principles; and
(v) introducing an environmental and social responsibility policy.
|Status of Implementation Progress (Outputs, Activities, and Issues)||The TA supported Exim Bank in undertaking a review of its business models along with ensuring compliance to environmental and social responsibility requirements of ADB. The TA also assisted Exim Bank in identifying, structuring and pricing potential cluster finance transactions that could be financed under the ADB loan piggy-backed to the TA.|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Consulting Services||Consulting Service Provider retained by ADB|
|Responsible ADB Officer||Marro, Peter|
|Responsible ADB Department||South Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, SARD|
Export-Import Bank of India (Exim Bank)
Head Office, Mumbai India
|Concept Clearance||22 Feb 2007|
|Fact Finding||14 May 2007 to 25 May 2007|
|Approval||30 Sep 2009|
|Last Review Mission||-|
|PDS Creation Date||16 Jul 2010|
|Last PDS Update||10 Mar 2016|
|Approval||Signing Date||Effectivity Date||Closing|
|30 Sep 2009||20 Apr 2012||20 Apr 2012||30 Sep 2012||31 Dec 2015||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|1,550,000.00||0.00||0.00||0.00||0.00||0.00||1,550,000.00||30 Sep 2009||1,323,161.50|
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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|Title||Document Type||Document Date|
|Small and Medium Enterprise Trade Finance Development Facility||Reports and Recommendations of the President||Sep 2009|
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
None currently available.
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