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ADB’s SME Development Assistance

ADB’s SME Development Assistance. Presentation by: Neil Wallace Senior Financial Management Specialist Asian Development Bank 28 October 2009. Small and Medium-sized Entities and Poverty Reduction.

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ADB’s SME Development Assistance

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  1. ADB’s SME Development Assistance Presentation by: Neil Wallace Senior Financial Management Specialist Asian Development Bank 28 October 2009

  2. Small and Medium-sized Entities and Poverty Reduction • Developing Member Countries are at different stages of transforming their economies from being essentially rural and agrarian to becoming urban and industrial • Countries such as Cambodia and Viet Nam have become more productive as they have industrialized • SMEs are the core of urban industrial activity • Support for SMEs can help reduce poverty

  3. Institutional Conditions Required for Structural Change • Strong physical infrastructure to promote efficiency in telecommunications, power, roads, ports, transport, and water supply • Strong regulatory environment and transparency and predictability of rules • Sound contractual frameworks • Competitive open markets • Availability of reliable information • Long-term credit availability • Effective banking sector

  4. ADB Assistance for Public Policy • Regional cooperation strategies and programs • Country Partnership Strategies (CPS) • Enables the shift of resources to activities with higher levels of productivity • Institutional factors and policies that enable SMEs to expand and grow

  5. ADB policy reform assistance program loans are supporting the development of • SME development program loans • Business registration • Business licensing • Legal and informational underpinnings of finance • Access to resources e.g., finance and land use rights • Access to international markets e.g., industrial/technical standards • Banking and financial sector program loans support the development of credit

  6. ADB Support for Strengthened Financial Reporting • Strengthened financial reporting can help improve SMEs’ access to finance • ADB programs have included support for strengthening of financial reporting • ADB continues to cooperate with and support IFAC, CAPA, IASB, INTOSAI etc.

  7. For More Information Neil Wallace, nwallace@adb.org www.adb.org

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