SMI II

closed

The Second Small and Medium Industries Project aims at increasing output, employment, efficiency, and exports of viable small and medium industries. Its principal components include: (a) term loans to SMIs from participating credit institutions (PCIs) with subproject review and partial refinance by the SMI Fund of the National Development Bank; (b) training and consultancy to improve SMI and overall operations; (c) improvements in the Industrial Development Board's promotion and extension services, through an SMI consultancy fund to tap the expertise of the local private sector, coaches for regional extension officers, and an expansion of engineering service facilities; and (d) financing the Export Development Board program for promotion and supply development of light industrial exports, including consultancy and training, sales trips, policy studies, and pilot projects involving exporters and manufacturers in key light industrial groups.