Description
The Sri Lanka Private Sector Development Activity aims to diversify Sri Lanka's private sector and increase revenue, especially in target sectors including tourism. The activity will focus on increasing SME competitiveness and improving women's labor force participation. The project will provide technical assistance, training, and capacity building to SMEs, as well as support for women's economic empowerment. The activity will be implemented over several years, with the goal of achieving sustainable and inclusive economic growth in Sri Lanka.
Key aspects of the project include:
• Increasing SME competitiveness through improved capacity and technology adoption, market linkages, and innovation
• Improving women's labor force participation through improved care economy, professional development, and growth of women-owned enterprises
• Supporting the development of a commercially sustainable business service marketplace
• Facilitating information and market linkages for SMEs
• Providing technical assistance and training for women entrepreneurs