Myanmar : Enhancing Financial Access through the Public Credit Guarantee Scheme Project
The project is aligned with the following impact (MSDP, 2018-2030): inclusive private sector-led growth in line with a market economy system enabled. The project will have the following outcome: business access to financial services increased.
Project Details
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Project Officer
Nguyen, Duong T.
Southeast Asia Department
Request for information -
Country/Economy
Myanmar -
Sector
- Finance
Related Projects
| Project Name | Enhancing Financial Access through the Public Credit Guarantee Scheme Project | ||||
| Project Number | 50173-003 | ||||
| Country / Economy | Myanmar |
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| Project Status | Proposed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships Private sector development |
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| Sector / Subsector | Finance / Inclusive finance - Small and medium enterprise finance and leasing |
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| Gender | Effective gender mainstreaming | ||||
| Description | The project is aligned with the following impact (MSDP, 2018-2030): inclusive private sector-led growth in line with a market economy system enabled. The project will have the following outcome: business access to financial services increased. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | The government understands the importance of MSMEs to the economic development of the country and is establishing a credit guarantee corporation (CGC) to support to this market segment. The proposed project (i) supports private sector-led growth by developing MSMEs; (ii) strengthens economic stability and management by enhancing the efficiency and competitiveness of state economic enterprises; and (iii) increases climate change resilience by supporting access to finance for the climate vulnerable MSMEs. In addition, the project is a key part of the government's efforts to support businesses and economic activity, including MSMEs, especially women-owned MSMEs, under its COVID-19 Economic Relief Plan. The proposed project will catalyze and mobilize private sector resources to support financial inclusion, which is closely linked to poverty reduction and income equality. The project applies the conflict-sensitive approach by contributing to Myanmar's inclusive development without exacerbating ongoing conflicts. |
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| Impact | Inclusive private sector led growth in line with a market economy system enabled | ||||
| Outcome | Business access to financial services increased | ||||
| Outputs | 1. The CGS capitalized and made operational 2. Capacity of financial institutions improved 3. Financial literacy of micro, small, and medium-sized enterprises increased. |
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| Geographical Location | Nation-wide | ||||
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Nguyen, Duong T. |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Public Management, Financial Sector and Trade Division, SERD |
| Executing Agencies |
Ministry of Planning, Finance and Industry (formerly Ministry of Planning and Finance) Building No 26. Nay Pyi Taw Republic of the Union of Myanmar |
| Timetable | |
|---|---|
| Concept Clearance | 01 Oct 2018 |
| Fact Finding | 01 Oct 2018 to 08 Feb 2019 |
| MRM | 27 May 2019 |
| Approval | - |
| Last Review Mission | - |
| Last PDS Update | 30 Sep 2020 |
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 |
|---|---|---|
| Enhancing Financial Access through Credit Guarantee Scheme Project | Concept Papers | Sep 2018 |
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
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Related Publications
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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.
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