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Sri Lanka - Small and Medium Industry Project (English)

The Small and Medium Industry Project in Sri Lanka was achieved. The International Development Association (IDA) efforts have had some success. The National Development Bank of Sri Lanka (NDB) and the Participating Credit Institution (PCI) have developed into active promoters of the Small and Medium Industries (SMI) development, a situation which SMI II has continued to support. The involvement has been through provision of technical assistance, frequent supervision, and more recently in developing arrears recovery program to improve the level of collections under the project. NDB and the PCIs have developed into active promoters of SMI development, a situation which SMI II has continued to support, the areas which require most attention in view of the pending completion of SMI II are: (i) the development of a program to assist enterprises financed under the project to streamline their initial operations (thus avoiding the deterioration of the PCI portfolio); (ii) and the development of a program to promote the use of SMI credit in the changed economic environment (extension and modernization of existing enterprises rather than the creation of new ones). This would imply that the cost of finance is brought more into line with the commercial risks of lending to SMI.


  • Document Date


  • Document Type

    Project Completion Report

  • Report Number


  • Volume No


  • Total Volume(s)


  • Country

    Sri Lanka,

  • Region

    South Asia,

  • Disclosure Date


  • Disclosure Status


  • Doc Name

    Sri Lanka - Small and Medium Industry Project

  • Keywords

    Small and Medium Industries;Internal Financial Rate of Return;annual rate of inflation;rural Industrial Development;high rates of inflation;credit guarantee scheme;balance of payment;demand for credit;availability of credit;unit of labor;release of fund;barriers on imports;sound financial institution;small scale industry;public sector institution;registered private firms;project performance auditing;working capital requirements;foreign exchange control;exchange rate change;public commercial banks;private commercial bank;unit labor;higher value added;financial management course;assignment of responsibility;free trade zone;foreign exchange resource;foreign trade financing;Public Sector Enterprises;delays in disbursement;public sector investment;current account deficit;cost of fuel;savings and investment;exchange rate unification;interest rate increases;commercial bank lending;public investment program;inadequate resource mobilization;lines of credit;foreign private investment;private sector company;liberalization of trade;sri lanka rupee;performance and efficiency;foreign exchange restriction;effective protection rates;cottage industry;building material;credit institution;rubber products;branch network;private industry;banking system;export orient;wood product;credit program;credit demand;geographical distribution;industrial credit;manufacturing sector;industrial sector;term loan;Industrial Policies;project financing;Industrial Policy;scale industrial;fixed asset;Exchange Rates;management service;real gdp;raw material;collateral requirement;marketing service;technical facilities;institution building;policy study;export expansion;employment generation;private contract;project costing;appraisal mission;Fixed Assets;continuous training;term financing;project lending;metal product;construction material;industrial investment;total credit;fiscal incentive;financing requirement;lending activities;fixed investment;short term lending;subsidy reduction;conservative assumption;potential demand;Finance Unit;investment environment;financing institution;production facility;promotional activity;foreign buyer;sole responsibility;international level;real growth;output ratio;handloom industry;price adjustment;domestic price;food subsidies;inflation rate;lending rate;rising cost;liquidity problem;savings deposit;private saving;open economy;industrial exports;private entrepreneur;geographical dispersion;engineering research;financial viability;project finance;extension program;export prospects;industrial efficiency;tariff system;traditional products;equity requirement;work necessary;adequate information;eligibility criterion;subproject appraisal;operational management;budgetary resource;domestic inflation;capital outflow;industrial base;large enterprise;repayment performance;resource constraint;term credit;real rate;industrial worker;industrial performance;investment requirement;labor ratio;building research;credit proceeds;sectoral distribution;reporting system;career progression;finance cost;project operation;project sponsor;investment corporation;turnover tax;positive impact;foreign market;infrastructural facility;local exchange;equity financing;investment cost;food processing;initial credit;foreign currency;simplified procedures;site preparation;operational staff;sector work;credit funds;financial ratio;project identification;lower tariff;capital financing;foreign input;international economy;government action;industrial incentive;export incentive;construction cost;administrative constraint;Project Monitoring;weather condition;site visits;outstanding loan;construction permit;eligibility requirement;credit facilities;utility connection;price change;delivery schedule;grace period;gross earnings;finance company;rice milling;credit policy;Credit policies;Public Spending;export earning;export earnings;credit ceiling;agricultural growth;rural area;incentive structure;private construction;institutional performance;food manufacturing;chemical product



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Sri Lanka - Small and Medium Industry Project (English). Washington, D.C. : World Bank Group.