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Press Release
ADB will increase support for enhancing the growth of SMEs,
Press Release
11.11.'09, Wednesday

ADB will continue support for SME Development ----New country Director Paul J Heytens

The newly appointed country Director of ADB Paul J Heytens said today (Wednesday) that Asian Development Bank(ADB) Will continue their support for SME development in Bangladesh. In an official visit to SME Foundation and meeting with the chairman of SME Foundation Mr. Aftab ul Islam, FCA. The ADB Country Director also expressed his satisfaction observing the activities, programmes, mission, vision and objectives of SME Foundation. ADB will increase its support for enhancing the growth of the country's small and medium enterprises (SMEs), he added.

During his visit and meeting with the SME Foundation Chairperson Mr. Aftab ul Islam FCA, Managing Director of the Fooundation Prof. Dr. Momtaz Uddin Ahmed and Financial Management Officer of ADB M M Zillur Rahman were also present.

In the meeting, they discussed various matters related to SME development. They also exchange ideas about issues like capacity building, women entrepreneurship, poverty elevation and income/ job generation, Co-ordination, monitoring system, encouragement and the process of providing necessary assistance & guidance for the SME development and it's promotion.
The meeting feels it necessary and emphasis cooperation and support needed for the SMEs as well as for the Foundation.
The ADB country chief said, the proper nursing and development of SMEs & SME sector and upholding Women empowerment would help boosting up income opportunities, strengthen household security, improve living standard, and reduce the risk of unemployment issues.
Referring to the role of SMEs in poverty eradication and women empowerment, Paul J Heytens hopes all the stakeholders would work together to ensure speedy implementation of the SME development in Bangladesh.
Chairman of the SME Foundation Mr. Aftab ul Islam expressed his gratitude, warm welcome and thanked the new country Director for his visit as well as being posted here in Bangladesh. `The SME Foundation and also our Country is sincerely grateful to ADB for it's continuous support and cooperation", Mr. Aftab ul Islam said.

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Nurul Alam
SME Foundation
01552-399300 ...... if needed, M D of SME Foundation : 01711-591651.