Improving Access to Finance for Micro, Small, and Medium-Sized Enterprises: Report and Recommendation of the President
Reports and Recommendations of the President | April 2018
The project entails ADB providing longer-term financing to DFCC, a leading bank in Sri Lanka, for onlending to micro, small, and medium-sized enterprises (MSMEs). ADB’s financing will meet DFCC’s funding requirements for medium-term funding, which is in short supply. This will enable the bank to provide longer-tenor MSME loans and help the bank diversify its funding sources. At least 5% of the ADB loan will be used to support MSMEs owned or managed by women,15 and 20% of the proceeds of the ADB loan will be onlent to businesses located outside Colombo.
The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.
This document dated April 2018 is provided for the ADB project 51203-001 in Sri Lanka.