News Column

Developing Sri Lankas SME sector

August 7, 2014

Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ) Country: Sri Lanka Lead executing agency: Ministry of Finance and Planning Overall term: 2005 to 2016 Project Status - Active Project Phase: Execution Context: Sri Lanka s economic development continues to be strongly characterised by regional disparity. The Sri Lankan Government intends to promote small and medium-sized enterprises (SMEs) and to profit from Germany s experience in this area. It hopes that this will stimulate employment, especially for the country s historically disadvantaged regions, thus making a long-term, sustainable contribution to maintaining peace and stability. Objective: More favourable conditions for inclusive SME development have been established. Approach: The project consists of three components: Promoting the microfinance sector. This component was successfully concluded in November 2012. SME financing. Partnerships with three banks have been established. Following capacity development measures, bank employees are better able to serve SMEs in the disadvantaged regions by means of additional branch offices and new products. SME owners also receive direct support. They are given information regarding financing options and standards and advised on such topics as wording loan applications and interacting with banks. Technology transfer and innovation. The entire system that enables SMEs to invest in new technologies is being strengthened. Research facilities, universities and other service providers are providing SMEs with more targeted support. They are receiving expert advice and being familiarised with examples of successful practice in Asia and Europe.

Project completion date : 2016-12-31 12:00:00


Address : The Secretariat Colombo 01

Country :Sri Lanka

Email :

Financier : Deutsche Gesellschaft fÜr Technische Zusammenarbeit (GTZ) GmbH,

Financier address : GTZ(Deutsche Gesellschaft fÜr Internationale Zusammenarbeit) Friedrich-Ebert-Allee 40 53113 Bonn, Germany Phone: +49 228 44 60-0

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Source: TendersInfo (India)

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