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Myanmar: Enhancing Financial Access through the Public Credit Guarantee Scheme Project

Sovereign (Public) Project | 50173-003 Status: Proposed

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

Project Officer
Nguyen, Duong T. Southeast Asia Department Request for information
Country
  • Myanmar
Sector
  • Finance
 
Project Name Enhancing Financial Access through the Public Credit Guarantee Scheme Project
Project Number 50173-003
Country Myanmar
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Enhancing Financial Access through the Public Credit Guarantee Scheme Project
concessional ordinary capital resources lending / Asian Development Fund US$ 60.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Private sector development
Sector / Subsector

Finance / Inclusive finance - Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming 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.

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.

Geographical Location Nation-wide
Safeguard Categories
Environment C
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
Responsible ADB Officer Nguyen, Duong T.
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
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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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.

Related Publications

None currently available.


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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.