SMALL AND MEDIUM-SCA

closed

The Small and Medium Scale Enterprise Development Project aims to: (a) promote the rehabilitation and development of manufacturing, processing and a range of service industries by providing foreign exchange financing to small and medium enterprises capable of efficient operation within the reformed business environment; (b) restore the capacity of the banking system for the delivery and management of credit to enterprises; and (c) assist the Government in the formulation of industrial policy. The project is divided into two main components: (a) an enterprise financing component (EFC); and (b) an institutional strengthening component. The EFC consists of a line of credit to be onlent through the banking system. The institutional strengthening component consists of technical assistance and training, which is designed to upgrade the lending capability and financial management of the banks and the industrial promotional infrastructure.