The initiative will be in line with ADB’s efforts to facilitate the growth of Micro, Small and Medium Enterprises (MSMEs).

“Going forward, we hope to support the micro finance sector and strengthen the regulatory framework governing the SME sector. We are also considering supporting startups,” ADB Country Director for Sri Lanka Takafumi Kadono said.

However, this is still in the early stages, he added while addressing a MSME Development Summit hosted by CMA Sri Lanka.