ADB to intensify support for SME growth
Bss, Dhaka
The Asian Development Bank (ADB) will increase its support for enhancing the growth of the country's small and medium enterprises (SMEs) if the current pace of the ADB-aided SME development project implementation is sustained.ADB Country Director Hua Du said this yesterday when she called on Industries Adviser Geeteara Safiya Chowdhury at the latter's office here, according to an official handout. The bank is providing US$50 million in financial and technical assistance for implementing the SME development project. They discussed various issues relating to setting up the SME foundation, reorganising the BSCIC (Bangladeh Small & Cottage Industries Corporation), creating women entrepreneurs, developing an SME database, appointing a project consultant and enhancing technical capacity of BSTI (Bangladesh Standards and Testing Institution). Referring to the role of SMEs in poverty eradication and women empowerment, Hua Du hoped all the stakeholders would work together to ensure speedy implementation of the SME development project.
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