Understanding the Private Sector Small Medium Enterprises (PSME) context is essential both at the design stage and during implementation. A detailed assessment of SME policy and institutional, political, and social context is required, with ADB engagement as part of a coordinated program of support by development partners for SME reform. As achieved under the PSME2, it is important that the supported policy actions focus on a limited number of sequenced, high-impact reforms that lead to development outcomes that are clearly defined and reflected in the DMF. This emphasizes the criticality of establishing a monitoring system that is based on the key policy actions and target indicators, and then during implementation ensuring that monitoring and reporting on performance, indicators, surveys, and gender actions are undertaken as required, and that any identified shortfalls or adaptations are addressed. Establishing effective knowledge management systems is an essential component in developing institutional capacity.
Second Private Sector and Small and Medium-Sized Enterprises Development Program (Subprograms 1 and 2)