The Asian Development Bank (ADB) on Monday approved a Technical Assistance grant of US$ 500,000 to prepare country driven private sector development strategies for emerging nations.
Sri Lanka is among four countries to participate in the programme which seeks to increase the private sectors role in long term growth and poverty reduction. rn
rnOther countries to participate include the Philippines, Thailand, and Viet Nam.rn
rnThe ADB says the project aims to increase the understanding of how to formulate and integrate private sector development strategies in DMCs to promote long-term growth and sustainable poverty reduction.rn
rnThe programme will look at three activity clusters covering the successes and failures of private initiatives, framework development and capacity building and promotion and knowledge dissemination. rn
rnFindings will help develop a coherent framework for the preparation government driven private sector development strategies. rn
rn”Mobilizing the enormous resources ne