The Asian Development Bank (ADB) will support efforts of the government of Bangladesh to foster development of the country's small- and medium-sized enterprise (SME) sector, through an assistance package approved totalling US$50m.
The SME Sector Development Programme will help strengthen the policy environment for SMEs and improve their access to credit and support services, to enable the sector to attain its full potential for contributing to sustainable economic growth and poverty reduction, according to a press statement issued from ADB headquarters in Manila.
It is recognised that the country's estimated 6 million SMEs and micro enterprises - firms of less than 100 employees - have a significant role in generating growth and jobs.
