CAPITAL GOODS CREDIT

closed

The project includes the following components: (a) medium- and long-term loans for creation of new and expansion of existing capital goods enterprises; (b) equity investments by participating agencies in new or expanding capital goods enterprises; (c) sales finance; (d) finance of technical assistance to manufacturers; and (e) finance of technological research and development through a risk sharing mechanism. Complementary measures include: (a) training the staff of enterprises and participating financial institutions in the preparation, promotion, and evaluation of capital goods projects, including specialized training in aspects of subcontracting, quality control and export promotion; (b) an assessment of existing training programs and facilties; (c) establishment of a mechanism to review progress in resolving technical and structural issues affecting the subsector; and (d) strengthening and expansion of the information dissemination system for the subsector, including expansion of technological information services, assessment of the installed capacity of capital goods manufacturers, and special studies.