Catalyzing Small and Medium-sized Enterprise Venture Capital in Sri Lanka
Sharini Kulasinghe; Lily Han; Takuya Hoshino; Abhishek Rathi; Don Lambert | March 2018
Abstract
Small and medium-sized enterprises (SMEs) are the bedrock of Sri Lanka’s economy. Comprising 75% of all active enterprises, Sri Lanka’s SMEs provide 45% of employment and contribute 52% to its gross domestic product. Creating an environment conducive to SME growth is integral to achieving equitable economic growth in Sri Lanka. Against this backdrop, this paper seeks to evaluate the viability of supporting the SME sector by improving access to equity or risk capital. This paper assesses SME demand for equity, reviews international precedents of government support for SME capital, and provides an analysis of fund structuring considerations. It presents recommendations for a government-initiated venture capital fund for SMEs in Sri Lanka.
Citation
Sharini Kulasinghe; Lily Han; Takuya Hoshino; Abhishek Rathi; Don Lambert. 2018. Catalyzing Small and Medium-sized Enterprise Venture Capital in Sri Lanka. © Asian Development Bank. http://hdl.handle.net/11540/8103. License: CC BY 3.0 IGO.ISSN
2313-5867 (print)
2313-5875 (electronic)
Keywords
Regional Development Finance
Public Scrutiny of City Finances
Non-Bank Financial Institutions
Local Government Finance
Government Financial Institutions
Foreign and Domestic Financing
Financial Risk Management
Assessing Corporate Governance
Good Governance
Governance Approach
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Accounting
Business Financing
Subsidies
Social Equity
Economic Equity
Project Risks
Project Impact
Public Administration
Corporations
Taxation
Public Debt
Local Government
Debt Management
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Financial Aspects
Fiscal Policy
Investment Requirements
Banks
|Taxing power
Tax administration and procedure
Tax policy
Effect of taxation on labor supply
Decentralization in government
Community power
Corporate divestment
Civil government
Delegation of powers
Equality
Neighborhood government
Subnational governments
Delivery of government services
Local taxation
Options
Government
Local government
Taxation
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
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