The objectives of the Financial Sector and Private Enterprise Development (APEX) Credit Project (report no. P5076), which was launched in 1990 and lasted for ten years, was as follows: 1) support small and medium enterprises (SME) through technical assistance and support of the government ' s ongoing restructuring efforts of the economy; 2) improve financial sector efficiency through resource mobilization, improved allocation, and interest rate liberalization; 3) strengthen institutions operating in the financial and SME support sector; and 4) generate new employment opportunities. The project comprises three components : 1) financing of projects in productive sectors promoted by private enterprises; 2) technical assistance to support SME development, staff training, strengthening of Central Bank supervision and monetary management capacities; and 3) establishment of policy conditions concerning the financial sector.
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