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SouthAsia Enterprise Development Facility (SEDF)

Assessing the impacts of an IFC programme in Sri Lanka and the Maldives


YEARS

2009

CLIENT DESCRIPTION

Managed by the International Finance Corporation, the SouthAsia Enterprise Development Facility (SEDF) facilitates the growth of small and medium enterprises by creating a more more supportive financial infrastructure, providing quality business services to strengthen value chains, and helping businesses adapt to the impacts of climate change.

CLIENT'S OBJECTIVE

Increase the programme's effectiveness in achieving its objective of reducing poverty through broad-based sustainable economic growth.

Results

BUSINESS RESULTS

Independent assessment of the programme’s effectiveness.

Recommended a new strategy to achieve the program’s objective of increasing SMEs’ access to finance.

Recommended program improvements to increase efficiencies and to create more effective support systems for small businesses.

Activities

Conducted in-depth interviews with the IFC-SEDF staff responsible for the business lines and projects.

Examined 39 SEDF projects and surveyed eight partner financial institutions.

Reviewed five case studies (four in Sri Lanka, one in Maldives).

Conducted in-depth interviews with partner institutions and organised focus group discussions with ultimate beneficiaries, wrote detailed research report.

LEARNINGS

This assessment is one of five that Enclude has prepared for the IFC over the last five years, reviewing programs whose total expenditures exceed USD 185 million. The assessments methodically review results and effectiveness and offer recommendations for strengthening the programmes.


Sri Lanka and the Maldives