Second Small and Medium-Sized Enterprise Development Project (ADB-36200-023)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 19, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 19, 2016


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Project Description
According to bank documents, the Asian Development Bank is working with Bangladesh to increase economic growth and reduce poverty by supporting small businesses. The project will increase the number and size of commercially viable small businesses in Bangladesh by helping them obtain bank loans and other types of financing.
Investment Description
  • Asian Development Bank (ADB)
This project is also co-financed by the Japan Fund for Poverty Reduction. Japan Fund for Poverty Reduction TA 9068-BAN: Strengthening Capacities of Small and Medium-Sized Enterprise Stakeholders to Access Bank Financing and Services Loan 3367-BAN: Second Small and Medium -Sized Enterprise Development Project Ordinary capital resources US$ 200.00 million
Contact Information
CONTACTS Executing Agencies Bank and Financial Institutions Division-MOF ARIJIT@FINANCE.GOV.BD Bangladesh Secretariat Dhaka-1000 Bangladesh ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main