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The proposed line of credit would assist the development of small and medium scale investments. Special focus will be given to export oriented activities and productivity improvement investments.
The loan should contribute to the on-going diversification of Sri Lanka's economic base. Priority in allocations will be given to investments undertaken by EU subsidiaries or joint ventures or containing other forms of EU interest (transfer of technology, supply of goods and services, etc).
All allocations to comply with Sri Lankan environmental standards and practices and, where appropriate, benchmarked against those of the EU.
Contracts to be awarded on the basis of international tender if applicable.
Industry (including agro-industry) and related services, infrastructure, tourism, energy, information technologies and telecommunications.