SMI III

closed

The objectives of the Third Small and Medium Industries Project are to (i) provide credit through the banking system to small and medium scale private manufacturing enterprises, and (ii) make a further contribution to policy reform and institutional strengthening in the areas of tariff administration, export promotion and financial sector operations. Major components of the IDA small and medium industry project include a credit component for refinancing term subloans, through the SMI Fund, to private sector SMIs; and a technical assistance component to the Government of Sri Lanka and relevant agencies. The technical assistance component provides funds geared to (i) improving the efficiency of the financial sector and developing action programs; (ii) improving the access of indirect exporters to duty drawback and export credit facilities; (iii) improving the efficiency of public manufacturing enterprises (PMEs); and (iv) establishing an SMI technical assistance facility.