According to the bank website, the Subproject 1 will build on the ongoing work under the previous SCFP TA and help continue to implement and expand SCFP in view of the additional financing approved in 2018 (footnote 5). An important element of the Subproject 1, and a feature that also distinguishes SCFP from TFP, concerns its focus on assessing and monitoring SME and corporate risk. ADB currently still lacks experience in assessing and monitoring this risk, which impedes its ability to implement projects directly impacting DMC companies. The Subproject 1 will fund the engagement of consultants who will continue to focus on obligor risk assessments and monitoring and administration of SCF transactions. In assessing risk and working with PFIs to finance supply chains, the Subproject 1 will remain to inspire this shift in thinking, which should result in more systemic support for DMC companies.
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Beck, Steven
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