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[Asian Development Bank] Small and Medium Enterprise Development Program 36383
Author Admin Date 2015.04.08 Views 808
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General Information Project/Program Program
Project Name Small and Medium Enterprise Development Program 36383
Duration Date of Board Approval: 14 December 2004; Closing Date, In Loan Agreement: 31 December 2007; Closing Date, Actual: 31 August 2008
Donor Asian Development Bank (ADB)
Implementiong Organization Ministry of Industry, Mines and Energy with the MOC, Ministry of Planning, MEF, NBC, and MIME itself as the implementing agencies.
Sector and/or Subsector Classification Others
Region There is no specific region for the loan.
Financing The loan was a total of SDR13.34 million (Original loan amount $20 million equivalent). According to the completion report, the loan comprised of three components: "(I) $7 million upon fulfillment of specified first tranche release conditions upon loan effectiveness, (ii) $8 million subject to fulfillment of specified second tranche release conditions approximately 18 months after loan effectiveness, and (iii) $5 million subject to fulfillment of specified third tranche release conditions within 36 months after loan effectiveness".
Analytical Information Stakeholders Association of Banks in Cambodia, Asian Development Bank, Danish International Development Assistance, Ministry of Economy and Finance, Ministry of Industry, Mines, and Energy, Ministry of Commerce, National Bank of Cambodia, National Institute of Statistics, Program Steering Committee, Subcommittee for Small and Medium-Sized Enterprises, Small and Medium-sized Enterprises, Technical Assistance Special Fund, World Trade Organization, Non-governmental Organizations, Affected People, Targeted People, Civil Society, Royal Government of Cambodia
Cross-cutting Issue Environment There is no information regarding cross cutting environmental issues mentioned in the completion report.
Gender There is no information regarding cross cutting gender issues mentioned in the completion report.
Impact Analysis The project aligns with the ADB's Country Strategy and Program 2005–2009, the government's National Strategic Development Plan 2001–2005 , National Strategic Development Plan 2006–2010, Cambodia Millennium Development Goals, adopted the Rectangular Strategy in July 2004.
Effectiveness Ownership/Partnership Evaluation The executing agency, ADB, different implementation agencies, had all coordinated well and highly committed. According to the report, "The government's commitment to SME development was shown in the issuance of the different regulations and laws to effect reforms of the SME sector, e.g., the passage of a law that reduces the minimum capital requirements. Establishing the website, developing an SME development framework, and issuing the different implementing regulations to perform the supervisory functions of the different agencies are among the major successes in its implementation". However, "there were indications at the end of the program period of some SME "coordination and reform fatigue" setting into the program. This was reflected in less stakeholder attendance at the regular SME coordination meetings and less government input into the update of the SME strategy compared with when it was first formulated".
Rating 4/5
Policy Coherence/Harmonization Evaluation According to the completion report, "To coordinate program implementation activities among the different implementing agencies, a program steering committee (PSC) was formed, chaired by the minister of the MIME. It was composed of senior officers from all ministries and government agencies concerned, i.e., MOC, MEF, Ministry of Planning, and the NBC. The PSC met twice yearly to review pending issues on the program and propose concrete actions for the resolution of these issues".
Rating 4/5
Evaluation Framework Evaluation Monitoring of SME-related reforms was not well aligned with emerging and relevant priorities of the government and where there is consensus with development partners. The ADB well monitored the project with review missions through field work.
Rating 2/5
Alignment/Composition of Finance Evaluation According to the completion report, "The first tranche ($6.8 million) was released on 30 June 2005, when the loan took effect and after the seven conditions for its release were met (Appendix 2). The second tranche ($8.1 million) was released on 6 December 2006 after full compliance with all 12 conditions (Appendix 3), and the third tranche ($5.3 million) was released on 28 August 2008, with 11 out of 13 conditions fully complied with and two conditions partly complied with (Appendix 4)".
Rating 3/5
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