Private Enterprise Support Project

closed

The key objective of the Private Enterprise Support Project is to provide an integrated program of technical assistance and loans for working capital and investment for private enterprise to promote their successful adaptation to a market based system. The project is designed to foster the development of the private sector economy through: the development of an effective system of providing technical assistance to enterprises and credit to private enterprises; and strengthening of key project and other selected financial institutions. The project comprises two components: 1) an investment lending component to be channelled through a Fund for Enterprise Restructuring and Development (FERD) established by the government to provide medium term foreign exchange loans to export oriented and selected import-substituting projects of private enterprises; and 2) a technical assistance component which includes funding for management of the FERD, private enterprise support, financial sector studies, project coordination inclusive of consulting services, and audit of project accounts.