SMI IV

closed

The basic objective of the Fourth Small and Medium Industries Development Project is to provide employment opportunities, improve income distribution and regional development, and provide a catalyst for promoting general economic growth and exports. The project will consist of the following components: (i) a line of credit to the Industrial Guarantee and Loan Fund (IGLF) to support small and medium industry (SMI), long term investment and short term export financing needs; (ii) an export component, which will provide equipment and related services, training and administrative costs, credit and consultancy assistance to improve the access of SMI exporters to duty drawback/exemption, export finance/guarantee and marketing assistance and trade information services; and (iii) a Department of Trade and Industry (DTI) support component, which will provide training and equipment to strengthen DTI's regional offices and technical assistance for policy formulation and program design in export and industrial development.